NEW DELHI: Record high airfares hurting passengers could rise even further following yet another instance of foreign lessors facing roadblocks in repossessing their aircraft from a troubled Indian carrier. Leasing aircraft could cost 2025% more for startups and financially weak Indian carriers after the Go First case where lessors are now barred from taking their […]
Why aircraft lessors’ woes may lead to costlier flights Read More »
MUMBAI: Larsen & Toubro’s A M Naik (80) will step down as nonexecutive chairman of the company, which he had joined in 1965 as a junior engineer. He will hand over the reins to CEO & MD S N Subrahmanyan (63), who will take over as executive chairman from October 1, when Naik becomes chairman
Naik hands over L&T’s reins to Subrahmanyan Read More »
NEW DELHI: MG Motor is ready to give up majority shareholding in India car business and is in “advanced negotiations” for equity sale with a clutch of suitors, that include Reliance Industries, Hero Group, Premji Invest and JSW Group, sources have said.The move by MG, a British car brand owned by Chinese auto giant SAIC,
MG in talks with RIL, Hero for stake sale in Indian operations Read More »
Microsoft Corp will not raise salaries for full-time employees this year and is reducing budget for bonuses and stock awards, Insider reported on Wednesday, citing an internal email by CEO Satya Nadella.The tech giant did not immediately respond to a Reuters request for comment.“Last year, we made a significant investment in compensation driven by market
Microsoft will not give employees salary raise this year: Report Read More »
