The company, which had earlier this month slashed prices of its products by up to Rs 2,000 a tonne, said it may remain steady.
Chandrasekaran, who is the co-recipient of this year's USIBC Global Corporate Leadership Award, also said it is possible to have a limited deal between India and the US before the elections there in November if both sides work together to get something done and not try to solve all issues at once.
When the lockdown was lifted last year, Rasikbhai Kotadiya, who runs a powerloom unit in the Kim-Pipodara industrial area on the outskirts of Surat, was left with only four workers out of the 48 that he used to employ to run his 128 looms. Though the economy had been unlocked, his textile unit, and that of thousands of others, struggled to resume operations. By the last week of May, nearly 700,000 of Surat's 1.2-1.5 million migrant workers, left high and dry with no pay during the lockdown, had returned home. In Laskana, another textile weaving hub in Surat, the powerlooms were all but silent, with only 2,000 of the total 55,000 looms churning out grey cloth at a snail's pace.
The Manpower Employment Outlook Survey released on Tuesday also said that hiring activities are picking up in some sectors on the hopes of 'business sentiment turning positive in anticipation of a stable government coming to the helm'.
PCB chairman Ehsan Mani told a National Assembly standing committee meeting that the board paid each West Indian player around $ 25,000 to come for the tour.
In a bid to gain a bigger share of the customer's wallet, banks are ramping up their cross-selling initiatives.
Under its Agile business model, the company has started using its off-shore base up to the extent of 90 per cent which, along with several other measures, will benefit its operating margins, said Chief Operating Officer N Ganapathy Subramaniam.
Adapting to the new hybrid normal of remote and office work, cautiously optimistic corporate are looking to hire more people and provide better appraisals in the new year as they step out of the pandemic-ravaged 2020. The coronavirus pandemic emerged as the biggest inflection point for the Indian job landscape. For the corporates, work-from-home and remote workers became the new normal and for the professionals, online learning and digital skills took centrestage.
"Temporary recruitment may overtake permanent in the short-term, with employers preferring the flexibility of being able to add or remove staff from their payrolls as needed," Manpower India Managing Director Naresh Malhan said. Citing the global economic turmoil, many employers around the globe are trying to find ways for containing costs and are cautious about hiring decisions by making do with the people they have.
In the 'Additional guidelines for quarantine of returnees from abroad/contacts/ isolation of suspect or confirmed cases in private facilities', released on Thursday evening, the ministry said there are large number of facilities such as hotels, service apartments and lodges which are "unoccupied due to impact of COVID-19 on travel and tourism".
Domestic steel giant SAIL sees its workforce shrinking by up to 7,000 this fiscal as it continues with the rationalisation of manpower aimed at reducing employee cost by Rs 3,50,000 crore (Rs 3,500 billion) per annum.
It also expressed confidence that the cleaning operation will be finished in a couple of days.
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Global slowdown has dampened hiring prospects of India Inc, causing its outlook to hit the lowest ebb, with only 19 per cent employers having positive recruitment plans in the next three months, according to global staffing services firm Manpower.
Hero MotoCorp, Honda Motorcycles, Scooters India, TVS, Honda India, Toyota Kirloskar Motor, Ford, Nissan, Ashok Leyland are all giving the Auto Expo a miss this time.
Given that people have been reluctant to order cooked food - which worsened due to a couple of cases of delivery personnel testing positive for COVID-19 - food delivery platforms have included grocery delivery as part of their services.
Rs 111,294 crore has been allocated for army salaries. The Rs 113,278 crore allocated for army pensions surpasses that. Army planners are worried about this drain on funds that could otherwise go towards equipment modernisation.
Of the 37 bodies recovered so far, 16 have been identified, police said, adding that the identified Naxals carried a combined reward of Rs 1.06 crore.
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The manpower requirement will be met with the officers from FMC (both cadre and deputation) and by new hiring.
Top companies reported that despite most of them making staples and essential products, movement of raw material, goods and labour remained restricted, impacting sales.
With the gradual opening up of shops, hotels, restaurants and catering services with limited number of participants, milk consumption has improved by 5-10 per cent from the lowest level.
The pace of hiring is likely to slow across the world and there will be significant decline in employment outlook in countries like India, Singapore and Taiwan in the coming three months, according to a global staffing services firm Manpower.
Indian companies are most bullish about their hiring plans, when compared to any other country, but might turn more cautious over the next three months amid global slowdown, global staffing services firm Manpower said on Tuesday.
Experts feel that mall owners anticipate an increase in costs to the tune of 15-20 per cent annually, prompting a mixed response to the '24 hours' initiative. A mall owner said while the policy is good in spirit, implementing it would be a challenge as night shopping or eating out wasn't a habit in Mumbai yet.
A bench headed by Chief Justice S A Bobde was informed by Solicitor General Tushar Mehta, appearing for the Centre, that a final decision would be taken in consultation with the Railways, Delhi Government and the Urban Development Ministry.
The ICMR has approved over 200 labs (both public and private) for COVID-19 testing through-PCR machines.
The Buxar jail, the only prison in the state having the required knowhow, received an instruction to the effect last week
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Specific sections of the Companies Act need to be amended to empower Sebi to regulate or take penal action against an unlisted entity and its promoters for violating the insider trading and other securities norms.
The power infrastructure and the farm sector have also suffered a considerable damage, Chief Secretary A K Tripathy said. However officials said the telecom infrastructure is largely intact.
The biggest worry is not the shrinking of the labour market, but the collapse of good jobs.
'We have been telling the government that we need handholding.' So, we sent a series of recommendations to the government, but nothing happened.' 'And the condition of industry became worse.'
The security plan -- with high end technology -- has already been put in motion at Allahabad, in anticipation of the Kumbh Mela which begins this month and at Hoobly railway station in Karnataka
11 categories of industries will be exempt from the Madhya Pradesh Industrial Relations (MPIR) Act of 1961. This includes textile, leather, cement, iron and steel, electrical goods, sugar, electricity, public motor transport, engineering including manufacture of motor vehicles, among others.
Delhi, Uttar Pradesh and Jammu reported one case each, officials said.
The agency's poor track record in convictions is the only light at the end of a rather long tunnel for the couple, observes Shyamal Majumdar.
During an Abu Dhabi meeting on labour export in January, Bahrain Labour Minister Majeed Al Alawi had met Indian Minister for Overseas Indian Affairs Vyalar Ravi, who had called on Bahrain to sign the MoU as other Gulf nations, including the UAE, had inked similar agreements. India was this month forced to put on hold a proposed measure which disallowed its unskilled workers to leave for Bahrain unless they had contracts from employers.
Over two lakh posts are estimated to be created by the Central government in its various departments.
India may adopt norms similar to the US Federal Reserve model, which regulates conglomerate-led banks in the country.
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