Home ECONOMY Prime 10 biz headlines: Home flights to renew, Ola cuts jobs and extra

Prime 10 biz headlines: Home flights to renew, Ola cuts jobs and extra

Prime 10 biz headlines: Home flights to renew, Ola cuts jobs and extra


Civil Aviation Minister Hardeep Singh Puri’s tweet on Wednesday caught and airports off guard as they had been getting ready to renew operations from June 1, and never on Might 25. However, later within the night civil aviation secretary held a gathering with CEOs to debate service resumption plans. In the meantime, Ola’s income has come down 95 per cent over the previous two months resulting from lockdown and is planning to slash extra jobs. Listed below are the highest 10 headlines on Thursday morning:

Centre reverses stance, permits home flights to renew on Might 25

Home civil aviation operations will recommence in a calibrated method from Might 25 and all airports and air carriers are being knowledgeable to be prepared for operations , mentioned Civil Aviation Minister Hardeep Singh Puri on Wednesday. Learn extra right here

Resume operations, says FM Sitharaman; India Inc cites hurdles in method

Trade must resume its operations and improve investments to curb the Covid-19-induced financial slowdown, Finance Minister mentioned. Learn extra right here

Precise GDP progress in FY21 relies on depth of Covid-19: FinMin Report

Observing that these are nonetheless early days and Covid-19 is but to abate, the Finance Ministry report on Wednesdat acknowledged that the nation’s precise GDP progress in FY 2020-21 can be contingent upon the depth, unfold and period of the Covid-19 pandemic inside nationwide territory. Learn extra right here

Govt to make use of RBI cash to help struggling NBFCs for simply three months

The Union Cupboard on Wednesdat mentioned the federal government will use RBI cash to help struggling non-banking monetary firms just for three months. Learn extra right here

Covid-19 disaster: World Financial institution to rescue with $160-billion help to 100 nations

The pandemic is anticipated to place over 60 million folks into excessive poverty globally, the World Financial institution has mentioned because it introduced emergency operations price $160 billion in 100 growing nations. Learn extra right here

Ola follows Uber, lays off 1,400 workers as Covid-19 hits ride-hailing biz

Ola has laid off 1,400 staff, or over 33 per cent of its workforce, as the corporate mentioned Covid-19 scenario was not anticipated to enhance anytime quickly. Learn extra right here

Covid-19 disaster: ACME cancels pact to produce energy at file low tariff

ACME Photo voltaic, one of many largest solar energy builders in India, has determined to cancel a contract with authorities businesses to produce energy on the nation’s lowest tariff. Learn extra right here

Exports assist offset home woes as Bajaj Auto pre-tax revenue falls 8%

Bajaj Auto posted better-than-expected earnings for the March quarter, as robust export volumes of bikes and a beneficial alternate fee helped offset the decline within the home market. Learn extra right here

Chhattisgarh to switch Rs 5,700 crore on to farmers

The Chhattisgarh authorities is planning to present Rs 5700 crore to the farmers as direct profit switch beneath its Nyay Yojana scheme, the Financial Instances reported.

Jaypee Infratech decision behind bulk of banks’ Jan-Mar recoveries beneath IBC

In response to Livemint report, the final quarter (January-March) of FY 2019-20 was worthwhile for banks by way of harassed asset decision and restoration beneath the IBC, realising 64 per cent of their dues.


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