Days after cutting the salaries and other allowances of MPs and ministers, the government has passed instructions to all departments to reduce their expenditure by as much as 60 per cent from their first-quarter spending plans.
On the basis of Budget projections, the Centre needs Rs 7.3 trillion revenue during December-March and its expenditure must be limited to Rs 6.7 trillion.
Tata Steel delivered one of its best financial performances ever in the third quarter of the current financial year, and surpassed its deleveraging target of $1 billion. In an interview, Koushik Chatterjee, executive director and chief financial officer, Tata Steel, tells Ishita Ayan Dutt that the company will continue to focus on deleveraging but profitable and value-added growth will be equally important.
Share your photographs of Mamallapuram Shore Temple in Tamil Nadu.
Companies across the sector are restructuring payrolls of crew, cutting allowances, and extending leave without pay duration as they realise they will have more aircraft and employees compared to customers.
Mathew John reveals the secret to keeping it stylish and sexy.
The defence ministry took the decision to hold the biennial event as scheduled following inputs from major stakeholders including the domestic defence industry and global aerospace majors, official sources said.
Besides urging the Centre for extension of loan moratorium, the hotel and travel industries have also demanded deferment of GST and advance tax payments and waiver of fees for all forthcoming licences and permits.
Nine ministers each from the Congress and the Nationalist Congress Party and four independent ministers will lose their jobs when the Shushilkumar Shinde-led council of ministers in Maharashtra is pruned as mandated by a constitutional amendment.
In March 2020, soon after the cessation of airline operations globally and domestic flights within India, many in the aviation sector had written Delhi-headquartered low-fare airline SpiceJet's obituary well before that of most of its rivals. Unlike IndiGo, GoAir (now rechristened Go First), Vistara and even AirAsia India, SpiceJet did not have founders or backers with deep pockets. Although it is the only other listed carrier in India besides IndiGo, it was considered the weakest and the least likely to survive the pandemic. But chairman and managing director Ajay Singh surprised everyone by not only surviving but taking the lead on many fronts. Within a few weeks of the scheduled flight stoppage, SpiceJet was doing as many charter flights as it could get hold of.
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Kotak Mahindra Bank chief Uday Kotak has assured that there will not be "any dramatic" reduction immediately in the number of employees following the merger of ING Vysya Bank.
Airline denies sacking, says it is recruiting to meet its operational needs
Traders broadly expect the rupee to stay in a 61.50 to 63.50 range over the next three months.
About 50,000 truckers, most of whom are single-truck owners, could be thrown off their businesses due to the recent fuel price hike. "Already the vehicle supply on the road is higher than the requirement. "With the fuel price hike, fleet owners will look to cut down fleet size wherever needed and due to this, small single-truck owners could be at the receiving end," Ashok Goyal, managing director at BLR Logistiks (I) Ltd said. The company has a fleet of 500 vehicles of all types-small, medium and large with pan-India presence.
Meanwhile, IT bucks trend; TCS, Tech Mahindra and Infosys from IT pack were up 0.2-1.3%.
'Decide on an asset allocation you are comfortable with and stick to it for the long term.'
The contingent comprises 277 men and 247 women athletes. In the 2014 Incheon Asian Games, the Indian contingent featured 541 athletes across 28 disciplines.
Vibhav Verma, Executive Chef, Grand Mercure Bangalore shares two Thanksgiving recipes.
From the appointed date, the authorised capital of the private sector bank would stand altered to Rs 5,000 crore and the number of equity shares at 2,400 crore having face value of Rs 2 each.
An audit should determine whether a voluntary retirement scheme should be offered or staff redeployed or manpower strength slashed.
The rupee weakened against the dollar in late trades on Thursday tracking weakness in the equity markets.
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.
More politicians are getting "Z-plus" security and the new entrants include Union Minister Beni Prasad Verma and Bahujan Samaj Party MP Brajesh Pathak months after the list of VIPs in this category was pruned during P Chidambaram's tenure as home minister.
The guru described the Central government and the Aam Aadmi Party government in Delhi as "intelligent" for supporting the event.
The 30-share Sensex ended at 18,719 down 526 points or 2.74% and the 50-share Nifty ended at 5,656 down by 166 points or 2.86%.
Government may slash spending on foreign travel by ministers and officials and on meetings in five-star hotels as part of austerity measures to cut down on budget deficit in view of the tight economic situation.
'It has caused our cook no little mirth that the sahib next door -- who heads a factory with several hundred, or thousand, workers -- can be spotted doing jharoo-pocha,' observes Kishore Singh.
The final Indian squad for the ICC Champions Trophy, to be held in June in England and Wales, is to be picked by the national selectors here on May 4, the Cricket Board announced the Board of Control for Cricket in India.
The initial speculation over who is likely to down shutters seems to have given way to a resigned acceptance that all the players are determined to stay in the game.
Industry houses are emphatic with the RBI pruning repo rate and CRR by 0.25 per cent each after a long nine months in its third quarter monetary policy review.
The purpose, behind slashing property tax on small commercial establishments by 70%, was to allow growth of small shops in residential areas, so that people do not have to travel long distances for their daily needs.
Tainted cricketer Anuj Dedha, who had assaulted former India pacer and Delhi selector Amit Bhandari, was on Wednesday banned for life by the state association.
Seeks to cut 1.7 billion pounds in annual costs and improve standards.
Hockey India pruned down the list of core group probables of the senior women's team to 33 players after a two-day selection trials at the Aish Bagh stadium in Bhopal.
Yuvraj Singh, who has started training after recuperating from a rare germ cell cancer, was today named in India's 30-member list of probables for the World Twenty20 Championships in Sri Lanka.
India's biggest firm, Reliance Industries, has decided to cut salaries by 10 per cent in its oil and refining divisions. Several smaller companies like Kajaria Ceramics have followed suit with cuts as high as 40 per cent for those earning more than Rs 50 lakh.
Banks send these mails simply as a marketing exercise. It neither reflects your loan eligibility nor ensures lower interest.
The list of core probables was pruned down to 32 from 48 after a two-day selection trial, which ended at the Balewadi Sports Complex in Pune on Thursday.
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