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IndiGo To Lay Off 10% Staff. Read CEO Ronojoy Dutta's Full Statement Here
Edited by Abhishek Vasudev | Monday July 20, 2020IndiGo will lay off 10 per cent of its staff, the airline said on Monday, saying that the coronavirus pandemic has forced it to re-evaluate its "best-laid plans". -
10% Layoffs At IndiGo, India's Biggest Private Airline
Edited by Sandeep Singh (with inputs from agencies) | Monday July 20, 2020IndiGo will lay off 10 per cent of its staff as the coronavirus pandemic has forced it to re-evaluate its "best-laid plans", the airline said on Monday. Chief executive officer Ronojoy Dutta said IndiGo had "understood the gravity of the situation right at the start of this crisis". The layoffs by the country's top carrier come amid months of restrictions imposed by the government to curb the COVID-19 outbreak, which has affected the civil aviation industry, hurt crude oil prices and forced businesses across industries to trim operations. Gurugram-based IndiGo - owned and operated by InterGlobe Aviation - had 23,531 employees on its payroll at the end of March 2019. -
COVID-19 Crisis: New Rules For Financial Planning In A New World
Anup Seth | Monday July 20, 2020The data being reported from all quarters, especially on unemployment, is inducing more panic and underlining the need for updating financial planning practices to stay protected from any uncertainties. -
India To Reduce Number Of State-Owned Banks From 12 To 5: Report
Reuters | Monday July 20, 2020The first part of the plan would be to sell majority stakes in six state-owned banks -
Reliance-Google Smartphone Deal Threatens Chinese Firms' Market in India
Reuters | Monday July 20, 2020The new phone is set to pose a major challenge to Chinese vendors such as Xiaomi, Realme, Oppo and Vivo in the under Rs 7,500-range -
Consumer Protection Act 2019 Comes Into Force: Key Things To Know
Edited by Peter Noronha | Monday July 20, 2020The Consumer Protection Act 2019 will be more holistic and stringent after rules are framed to protect the interest of consumers, Union Minister for Consumer Affairs Ram Vilas Paswan said. -
No Need To Meet Taxman In Case Of Scrutiny Notice, Use Faceless Assessment: Income Tax Department
Press Trust of India | Monday July 20, 2020The I-T department has disposed of 7,116 cases under the first phase of the faceless assessment scheme -
Sensex, Nifty Gain For Fourth Straight Day On Strong Corporate Earnings
Written by Abhishek Vasudev | Monday July 20, 2020Strong corporate earnings in June quarter along with easy liquidity are helping equity markets to scale new four-month highs. -
IL&FS Expects To Resolve Nearly 60% Of Debt Despite Pandemic Delays
Reuters | Monday July 20, 2020About 50 per centof the debt is expected to be resolved by March 2021, IL&FS' board has said -
Exports From India-Based Sellers Cross $2 Billion, Says Amazon
Reuters | Monday July 20, 2020Amazon expects to export Indian-made goods worth $10 billion by 2025 -
Sensex, Nifty Extend Gains; HDFC Bank Surges After Strong Q1 Earnings
Written by Abhishek Vasudev | Monday July 20, 2020Strong corporate earnings in June quarter along with easy liquidity are helping equity markets to scale new four-month highs. -
IT Sector Weightage In Nifty 50 At 5-Year High
Edited by Peter Noronha | Monday July 20, 2020IT stocks: The weightage of the IT sector in benchmark Nifty 50 index has touched five-year highs of 15 per cent due to the recent rally in stocks such as TCS, Infosys and Wipro. -
Mahindra & Mahindra Financial Services Surge 12% On June Quarter Profit, Rights Issue
Edited by Abhik Deb | Monday July 20, 2020The company aims to raise Rs 3,500 crore through a rights issue of its equity shares of the face value of Rs 2 each -
Gold Price Today: Gold Futures Stuck In Rs 150 Range, Near Rs 49,000/10 Grams Mark
Edited by Sandeep Singh (with inputs from agencies) | Monday July 20, 2020Gold Price Today: Gold jewellery prices vary in different parts of India due to factors such as excise duty, state taxes and making charges. -
Gold Price Eases As Dollar Firms, But COVID-19 Fears Limit Losses
Reuters | Monday July 20, 2020The dollar index rose 0.2 per cent against its rivals, making gold more expensive for holders of other currencies.
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