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Coronavirus lockdown impact: Air France and sister airline to cut 7,580 jobs

by pallanus | Jul 4, 2020 | Business News

The French flag carrier, part of Franco-Dutch group Air France-KLM, said it had lost 15 million euros a day during the worst part of the crisis, which also saw its revenues plunge by 95%. It did not see traffic returning to 2019 levels before 2024. As a result, it...

Extended lockdown cripples India’s services activity, contracts sharply in June

by pallanus | Jul 3, 2020 | Business News

India’s crippled services industry, the lifeblood of economic growth and jobs, contracted sharply in June as an extended lockdown imposed to stop the spread of the coronavirus stalled business activity, a private sector survey showed. Although the pace of decline...

Sugar export from Maharashtra hit due to lockdown

by pallanus | Jun 29, 2020 | Business News

Nearly 36 lakh tonne sugar has been exported from Maharashtra between January and June this year as against the target of 60 lakh tonne during the period, an official said on Monday. Image for Representation Nearly 36 lakh tonne sugar has been exported from...

Stressed under lockdown people now taking even low-paying jobs: CMIE chief

by pallanus | Jun 25, 2020 | Business News

Employment numbers saw a marked improvement in the week ended June 21 but the primary reason behind it can be attributed to rising rural jobs, said Centre for Monitoring India Economy (CMIE) CEO and MD Mahesh Vyas. In an exclusive interview to India Today TV, Vyas...

Coronavirus: How small, big businesses are evolving after reopening post lockdown

by pallanus | Jun 19, 2020 | Business News

Even as coronavirus cases continue to rise sharply, many shops and restaurants have reopened across the country. All of these businesses have made notable changes in operations to promote social distancing among workers and employees. While reopening after 11-long...
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