Aviation

Hit by lockdown, migrant labourers walk for days to reach UP, Raj homes; 200 crammed in containers Coronavirus pandemic | Let life get back to normal, then we can talk about IPL, says Rohit Sharma Smartphone, consumer appliance companies extend product warranties … [Read more...] about DGCA extends suspension of international flights until April 14

Escorts: The board will meet on March 20 to consider and approve a proposal for issue and allotment of equity shares by way of a preferential allotment and a corresponding reduction of an equivalent number of shares held by Escorts Benefit and Welfare Trust. … [Read more...] about Stocks in the news: SBI, SpiceJet, Strides Pharma, Praj Industries, RITES, Sun Pharma

Aviation has been among the most hit because of the COVID-19 outbreak. A report by advisory firm CAPA India had said that the aviation industry could incur a loss of up to $3.6 billion in the first quarter of the next financial year. It had earlier said that half of the jobs in the industry could become redundant. … [Read more...] about Coronavirus impact: DGCA makes it official; domestic flights suspended until April 14

Also, the past experience with grants has not been ideal. After the 9/11 crash, American airlines were given billions of dollars in aid but that did not prevent large scale job losses. Union leaders alleged that the money did not reach the worker on the ground. … [Read more...] about Coronavirus impact | Should the government come to the aid of airlines?

>> Finance Minister Nirmala Sitharaman announced a slew of measures, including a Rs 1.70 lakh crore economic package involving free foodgrain and cooking gas to the country's poor for the next three months, one-time doles to women and poor senior citizens, higher wages to workers and measures to boost liquidity of employees as it looked to contain the impact of the unprecedented nationwide lockdown. … [Read more...] about Coronavirus Wrap March 26 | Here’s all you need to know about day’s developments