The plan includes step-wise expansion of a crucial credit guarantee net, establishment of an unprecedented number of functional clusters and increased government procurement from MSMEs.
Kingfisher Airlines may cut jobs, UB group chairman and CEO Vijay Mallya said on Thursday.
His father Rakesh Roshan puts a rest to all rumours.
"Workers and businesses are facing catastrophe, in both developed and developing economies. We have to move fast, decisively, and together. The right, urgent, measures, could make the difference between survival and collapse," ILO Director-General Guy Ryder said on Tuesday. Worldwide, two billion people work in the informal sector (mostly in emerging and developing economies) and are particularly at risk, the report said, adding that the COVID-19 crisis is already affecting tens of millions of informal workers. "In India, Nigeria and Brazil, the number of workers in the informal economy affected by the lockdown and other containment measures is substantial," ILO said.
Michael Ballack will resume his duties as Germany captain when he returns to the national team after an injury layoff, winning a tug-of-war against Philipp Lahm who replaced him at the World Cup in South Africa.
Mario Gomez kept up his Bayern Munich revival when he scored twice and won a penalty to inspire the Bundesliga champions to a 3-0 win over Nuremberg on Sunday.
Tiger Woods has accepted that he will 'never feel great' again after suffering a number of back and knee injuries in recent years.
A summary of Sunday's action in Serie A and Bundesliga.
Cab aggregator Ola is laying off 1,400 staff from rides, financial services and food business as revenues declined by 95 per cent in the last two months due to coronavirus pandemic, a note by CEO Bhavish Aggarwal said. In an email to employees, Aggarwal made it clear that the prognosis ahead for the business is "very unclear and uncertain" and the impact of this crisis is "definitely going to be long-drawn for us".
"Managers must walk around with a can of fertiliser in one hand and a watering can in the other."
Juan Martin del Potro's comeback trail will collide with Roger Federer's after the Argentine won his opening Miami Open match against compatriot Guido Pella on Wednesday.
Tiger Woods will return to competition at next week's Memorial Tournament after a layoff due to a neck injury, the Golf Channel reported on Monday.
Maria Sharapova began Act II of her storied career on Monday when she shrieked her way into the second round of the French Open with a 3-6, 6-1, 6-2 victory over Anastasiya Yakimova of Belarus.
West Indies pacer Jerome Taylor feels that the loss to India in their World Twenty20 warm-up fixture, in Kolkata, has given his team a reality check.
While praising Mohammed Shami's stunning comeback from injury, Indian Test skipper Virat Kohli on Friday admitted the former is a very important bowler for the team who makes it count every time he comes on the field.
The airline has been defaulting on salaries for some time, making partial payments in some cases or not paying at all, as it continues to lose money mainly in domestic routes where it can't raise fares facing competition from low-cost airlines.
Sticking to a limited schedule has helped Roger Federer enjoy a renaissance late in his career but the Swiss says rest time is now over and he is looking forward to returning to action at the Mercedes Cup in Stuttgart.
The report published by an English daily said the promoters wanted to sell their entire stake as they were unhappy over the manner in which the company was being run.
News of all that's transpired on and off the football field.
According to a mid-year survey on 'Performance & Reward Trends' by Hewitt Associates, companies across industries are strongly differentiating rewards on the basis of performance but majority of them are not considering any layoffs or severe salary cuts in current fiscal. The survey revealed that 16 per cent of the companies surveyed have a salary freeze and were mainly organizations in the financial services, IT and ITeS sector.
The layoffs are expected to be across different locations and businesses. Sources said the number of possible lay-offs could be close to 800.
Serena Williams showed little ill-effect from her long layoff with a knee injury as she powered into the semi-finals of the Italian Open on Thursday.
Their fears were not unfounded, since the average salary increases of information technology professionals was down to 1.4 per cent for 2009.
Recruiters are now in search of candidates with soft skills alongside tech-based knowledge, says Ambrish Sinha.
When the South Asian Journalists Association was formed in 1994, there were only a few Indian-American bylines in the mainstream press, mostly in the business pages. There were some folks in the editing ranks, but they were even fewer in number than the reporters.
While the job cuts in March is 61 per cent higher than the layoffs announced in February, the overall pace of downsizing is well below last year's levels, the latest report on monthly job cuts by global outplacement consultancy Challenger, Gray & Christmas Inc has said.
AS Roma striker Francesco Totti will be aiming for another hat-trick at Atalanta on Sunday as speculation mounts about an Italy comeback, something Sampdoria's Antonio Cassano can only dream of.
Arsenal manager Arsene Wenger is hoping Alex Oxlade-Chamberlain can be fully fit in time for the start of the Premier League season after the midfielder struggled with a knee injury last campaign.
Zaheer Khan's 10-wicket match haul sunk Bangladesh in the second Test, and he believes that that a relaxed approach has helped him immensely.
The Swiss snapped a five-year barren run at the slams by bagging the Australian Open and Wimbledon titles this year and, in the absence of Novak Djokovic, Andy Murray and Stan Wawrinka, is the favourite at Flushing Meadows with an equally resurgent Rafael Nadal.
An engineer, laid off in December 2008, remained unemployed for a year but did not lose hope. Today, he has a job with double the salary his previous employer paid him.
Currently, the company employs about 219,000 people worldwide.
As people are increasingly losing jobs due to recession, their married lives are hitting a rough patch as well. But you can still pull your married lives together by following some simple tips to reduce the tension.
A head of business operations of a Chandigarh-based software company narrates the pain and disgust he felt when he had to fire some of the best hands of his team at the behest of the management.
The Redmond-based company had announced in January that it would axe 5,000 jobs globally amid the ongoing slowdown.
Trying to adapt to changing market requirements amid recessionary conditions, corporate giants including Microsoft, IBM and Yahoo Inc are not only cutting jobs but are at the same hiring people in other business units, a media report says.
Halving the productivity-linked incentive will make its salary levels unattractive and put a heavier burden on junior staffers.
Anil Ambani Group firm Reliance Money on Monday said it is undertaking a performance monitoring exercise for its staff which could result in separation of about 300 employees due to their under-performance.
Facing a layoff is fast becoming more and more a real prospect for many professionals. To keep your job, you need to work smart not and do whatever it takes to make sure you are crucial to your company.
According to Jason White, leader of Hewitt's business performance improvement, cost-cutting and layoffs are amongst the biggest concerns of companies today. He urges struggling firms to change the way people are organised, utilised and managed.
