There were nearly 4,000 cabin crew with Jet when the airline was grounded; every fifth remains without a job to date. One cabin crew member with 10 years of experience has been forced to take up a teaching job; some have branched out into small businesses. Aviation jobs were scarce even before the Covid-19 pandemic arrived on Indian shores in early 2020. The situation has been exacerbated since.
Output of the manufacturing sector, which constitutes over 75 per cent of the index, rose 8.5 per cent in January, compared to 8.1 per cent in the same month last year.
However, the number of transactions declined to 76 in January-March this year from 110 in the year-ago quarter.
'Look at the aggressive way in which a campaign against Friday namaz is going on in North Indian cities.' 'Even the Union home minister is part of this vicious campaign.'
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To a question on by when he expects investments to pick up, Jaitley said: "We are quite close to that point because there are a large number of investors who are waiting to come in and they only want to be doubly sure about the credibility of the decision making process and the stability of the policies."
Chidambaram promises to maintain fiscal discipline; admits inflation is an issue.
India's goal of self-reliance has been paramount in the policy and practice of the country. The COVID-19 crisis gave us lessons on how to speed up efforts in that direction, he said.
These numbers show overall exposure and are not a reflection that all loans are going to be impacted.
'This country has become cynical, the country has lost hope. Prime Minister Narendra Modi is getting back hope in this country.' 'We are deconstructing the past which had corruption, inefficiency, policy paralysis, a tottering economy where investors had lost confidence, and people had become cynical. We are changing that, we are bringing confidence back to the people of India.'
Hindalco is currently one of the frontrunners in the coal auction
Over 18 crore workers are expected to participate making this a much bigger strike than last year.
Congress a distant second with Rs 198.16 crores.
The government should give the first right of refusal in the ensuing coal mine auction to the companies which lost the blocks in the mass cancellation by the Supreme Court on Wednesday, former Coal Secretary PC Parakh said.
Bharatiya Kisan Union leader Rakesh Tikait on Saturday asked the Centre to explain to farmers why it does not want to repeal the three farm laws, while promising it that they 'will not let the government bow its head' before the world.
Equity investors should thank cash-rich biggies such as TCS, ITC, HUL, Nestl, and Bajaj Auto for this.
There is positive correlation between crude oil prices and Indian equities and investors can expect more upside after the recent rally in Brent crude price.
They want the authorities to fulfill their security-related demands which include no duty in the mining area after sunset, increasing the number of security personnel and their presence in the workers' colony and in buses used to transport the workers. The operations have halted following a Naxalite attack on the site in which 10 CISF jawans and five Naxalites were killed. About 100 Nalco workers were held hostage by the ultras for over eight hours.
The increase in production will be from the existing mines.
Amid falling market share and a tough business environment, Infosys has been carrying out several structural changes.
CEOs fear any change in status of the mines will mean disruption in production, loss of investment and increased production cost for user industries.
Some of the top indebted companies likely to face financial headwinds in the coming quarters include NTPC, PowerGrid, Tata Steel, Adani Power, JSW Steel, UPL, and Steel Authority of India. Together these 201 companies owed Rs 14.9 trillion to their lenders at the end of September 30, 2019, up 4.1 per cent year-on-year (YoY) during the first half of FY20.
For some, he's a bully and probable 'blackmailer' who targeted the rich and famous, especially in Bollywood, for fame, and allegedly, ransom. For others, he's finally the one brave narc who decided to do his job, no matter how powerful his quarry, observes Shekhar Gupta.
Infrastructure, stricter implementation boost commercial vehicle sales
There are already some signs of stress in this market.
Duty cut on raw material imports are not likely.
The liquidity crisis at Dewan Housing Finance Corporation Limited (DHFL) has dented the fortunes of ace investor Rakesh Jhunjhunwala, who increased his stake in the troubled company in the March 2019 quarter (Q4FY19).
President Ram Nath Kovind addressed the nation on the eve of India's 75th Independence Day. Here's the text of what he said:
There's a need to train 40,000 pilots over the next year-and-a-half.
The world's biggest lockdown that shut a majority of the factories and businesses, suspended flights, stopped trains and restricted movement of vehicles and people, may have cost the Indian economy Rs 7-8 lakh crore during the 21-day period, analysts and industry bodies said.
Tata Steel's domestic operations have been its cash cow.
Unlike RIL, the Adani group has not yet brought in any big stakeholders to refinance debt or expand.
Benchmark share indices gained for the fifth straight session on Thursday led by index heavyweight Reliance Industries.
'This market is very expensive in some pockets, dirt cheap in some, and the belly of the market is reasonably valued.'
This comes close on the heels of the ministry's stand on the development of a new international airport in Navi Mumbai.
Nifty, which has struggled around 8550-8560 levels managed to blast past this resistance and close above the psychological mark of 8600.
Concerned over the flight of talent from public sector undertakings to private sector, officers of profit making public sector units have threatened to go on an indefinite strike from December 22 seeking higher salaries.
The Finance Minsiter says country requires 'a larger opening out in more sectors, stability of policy and tax regime'
In the broader market, BSE midcap and BSE smallcap indices underperformed the larger counterparts and ended flat with a negative bias.
Available in various forms and specialisations, these courses aim at overall skill development of people willing to join or excel as professionals in the information technology domain.
The IL&FS deal marks a sharp turnaround from last year when investor interest in public works plummeted.
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