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- Inflation skyrockets – and central banks are struggling to control it #Inflation has skyrocketed around the world for multiple reasons – the US flooded the markets with an unprecedented amount of dollars, exporting its inflation all over the world.
And no, no, the rich don’t like it when their employees #moonlighting to make some more. #RishadPremji recently fired 300 employees who were found doing second jobs after slugging it out 9-5 for #Wipro.
Psst psst – there were also #pandemic salary cuts – some were re-instated and some weren’t. The #inflation however grew at a sharp place forcing people to take up side hustles and more. #COVID
Given that #AdaniGroup and #RelianceIndustries have global ambitions in several businesses, this pact allows them to ring fence their respective talent pools both in India and outside.
Last year, #AdaniGroup announced its entry into the petrochemical space with Adani Petrochemicals Limited, which is where #Reliance has a large presence. The other area where their paths cross is the high-speed data services, for which #Adani has bid for 5G spectrum. #Ambani
The #AdaniGroup, led by the world’s third richest man #GautamAdani, has entered into a no-poaching agreement with #MukeshAmbani-led #RelianceIndustries, such that both groups will be restricted from hiring talent from each other.