Search Results for: job cuts

No more chai-pani for finance ministry officials; Govts orders budget cuts

The finance ministry is facing a huge deal of pressure amid the pandemic as the GDP has hit a grave low in Quarter 1. Now, the ministry is also on the brink of budget cuts as the reimbursement of hospitality expenses is suspended.

Sep 1, 2020

MGM Resorts to lay off 18,000 furloughed U.S. employees

MGM was forced to close all of its casinos and furlough about 62,000 of its workforce in the United States in March due to the lockdowns.

Aug 29, 2020

Melania pitches for Trump2.0, tells Americans to 'take chance on Donald again'

Dressed in an olive green skirt-suit, almost military-inspired, Melania Trump was speaking late on Tuesday from a renovated Rose Garden at the White House, a location choice that drew strong criticism from Republicans who have turned against Trump.

Aug 27, 2020

Pay-cuts or layoffs possible in future, says BCCI official

The COVID-19 pandemic has caused a crash of the economy, now a BCCI official has revealed that the body may contemplate pay-cuts and layoffs in the future.

Aug 22, 2020

Covid invasion halts India's rural recovery, longer economic slowdown on cards

The world's No.5 economy reports first-quarter GDP data on August 31 and, according to a poll, it is likely to have contracted 20% over April-June.

Aug 20, 2020

Delhi-NCR rains: Heavy showers lead to waterlogging woes, traffic alert issued in areas

The downpour wreaked havoc in Delhi and its satellite cities of Gurgaon and Noida, leading to the inundation of rainwater on roads and underpasses as well as traffic build-up in many areas.

Aug 20, 2020

India's equity mutual funds show first outflows in more than four years

India's equity mutual funds had outflows last month for the first time in more than four years as investors, worried by a share price crash in March due to the coronavirus pandemic, took their money out as stock prices recovered.

Aug 10, 2020

Bride Israa Seblani poses for a picture with her husband Ahmad Subeih in the same place where they were taking their wedding photos yesterday at the moment of the explosion that occurred at Beirut's port area, in Beirut, Lebanon August 5, 2020. REUTERS/Ya

Lebanese bride happy to be alive after blast cuts short wedding video

The dramatic footage captured the moment when a massive explosion rocked the Lebanese capital on Tuesday, killing 135 people and injuring more than 5,000.

Aug 6, 2020

RBI Monetary Policy: MPC maintains status quo, repo rate intact at 4%

Accordingly, the repo rate or short-term lending rate for commercial banks and reverse repo rate remain unchanged at 4 per cent and 3.3 per cent, respectively.

Aug 6, 2020

Amid inflation pressure will RBI Gov Shaktikanta Das risk slashing repo rates

Amid rising inflation concerns in times of the pandemic, economists predict RBI could ease monetary policy now. This, by cutting the repo and reverse repo rates by at least 25 bps to 3.75% and 3.10% respectively.

Aug 3, 2020

AAI puts SpiceJet on cash and carry basis, airline says biz as usual

The Airports Authority of India (AAI) has put SpiceJet operations across the country on a "cash and carry basis", presumably due to the carrier's inability to clear airport dues. However, the airline chose to say that it was business as usual for them.

Jul 31, 2020

EPFO witnesses huge withdrawal in lockdown months, highlights grim economic picture

In line with the latest trend, EPFO estimates that nearly 10 million would withdraw from their saving in coming days.

Jul 28, 2020

IndiGo goes for heavier pay cuts; junior staff will be safe

IndiGo has announced further salary cuts for its employees. The company had already announced a salary cut for its pilots last month.

Jul 27, 2020

The Mumbai spirit: Remembering the 2005 floods 15 years later

On 26th July 2005, Mumbai experienced one of the worst floods it has ever faced in history. 15 years after the horrific disaster, Mumabaikers and netizens recall the tragedy they've overcome and the true 'spirit of Mumbai' we've seen at work so many times.

Jul 26, 2020

LinkedIn lays off 6% of its global workforce as Covid-19 crisis slows down hiring

Microsoft Corp's professional networking site LinkedIn said on Tuesday it would cut about 960 jobs, or 6% of its global workforce, as the coronavirus pandemic is having a sustained impact on demand for its recruitment products.

Jul 21, 2020

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