Business Companies Market

Day 2 : Cancellation of flights resulted in Chaos and confusion at the airports ..

CHAOS AND CONFUSION PREVAILED AT THE AIRPORTS ON THE SECOND CONSECUTIVE DAY OF DOMESTIC FLIGHT SERVICES RESUMPTION IN INDIA. Second day also witnessed Several flights were cancelled again, leaving passengers anguished due to ill-planning of the government. Around 630 flights were cancelled on day one again on Tuesday 80 flights were cancelled at Delhi alone. Read More…

Business Companies Industries Market

RBI extends loan moratorium but restructuring now runs in to dilemma

Allowing borrowers more time to repay loans, the Reserve Bank of India (RBI) on Friday extended the moratorium on EMI payments by another three months, till August-end, taking the total moratorium period to six months. In addition the central bank has increased group exposure limits of lenders from 25% to 30% and RBI  also extended Read More…

Companies Industries

Gas-leak Plant LG Polymers wings will be curtailed : Andhra CM Jagan

  As many as 12 people were killed when styrene vapours leaked from the LG Polymers plant on May 7, while several hundred fell ill after inhaling the poisonous chemical at RR Venkatapuram near Visakhapatnam.   Speaking through video conference with officials and some of the victims, Reddy blamed the previous N Chandrababu Naidu-led government Read More…

Business Companies Industries Market World

Corporates Layoffs spree : UBER calls for additional 3000 job cuts

  In the last couple of days post announcement of stimulus package by  Modi led centre government .,   Zomato called for 550 employees layoffs followed by Swiggy with double factor that is 1100 employees layoffs across various functions of its  organisation.    Pursuant this  layoff spree ..  Uber Technologies Inc also today said it  will Read More…

Business Companies Industries Market World

Modi Stimulus fails to trigger confidence says Experts ,Sensex nosedives

  Analysts are trying to figure out whether the big package had any cash stimulus at all for the Covid 19-hit economy, which now stares at a worst recession ever.   The stimulus package announced by the government over the past few days is a lost opportunity, said analysts at Bernstein – an investment management Read More…

Business Companies Food & Health Industries Market

Pursuing Zomato ., Swiggy doubles the figure with 1100 employees lay off

This comes just two days after Gurugram-based foodtech player Zomato said it would let go of 13 per cent of its staff, affecting close to 520 employees.   “We, unfortunately, have to part ways with 1,100 of our employees spanning across grades and functions in the cities and head office over the next few days. Read More…

Business Companies Industries Market

Insolvency not initiated for 1 year under IBC : Finance Minister Nirmala

  In a bid to give relief to companies defaulting on loans due to the Covid-19 stress, Finance Minister Nirmala Sitharaman on Sunday said no fresh insolvency will be initiated for one year under the Insolvency and Bankruptcy Code. she said adding that an Ordinance will be promulgated to bring this change in IBC, news Read More…

Business Companies Industries Market World

BJP Govt opens up gate of India’s Defence , Earth Air for automatic FDI route

  Private Companies in Indian Earth Sectors   The BJP led Modi government end its monopoly in coal mining by allowing private companies and raise the limit for foreign investment in defence manufacturing without regulatory approval from 49 per cent to 74 per cent, said Finance Minister Nirmala Sitharaman on Saturday.   Nirmala said the Read More…