Top oil producers struggled to finalise production cuts during a virtual summit held by G20 energy ministers on Friday, despite US President Donald Trump’s mediation
Tag: cuts
Delta Air cuts tech projects, slashes 1,300 vendor jobs
BENGALURU|MUMBAI: US-based Delta Air Lines has suspended several technology projects due to the Covid-19 pandemic, impacting over 1,300 jobs at its outsourcing vendors in its
Vedanta cuts oil production at its Rajasthan block by a tenth
New Delhi: Vedanta has cut oil production at its prolific Rajasthan block by a tenth as refiners, faced with deep demand destruction due to nationwide
Will honour all job offers, no salary cuts: Flipkart tells staff
NEW DELHI: Flipkart has assured employees that the Walmart-owned company will not slash salaries and will honour the job offers extended even as the coronavirus
India Ratings cuts economic growth forecast for India to 3.6 per cent
MUMBAI: Domestic credit rating agency India Ratings (Ind-Ra) on Monday cut its FY21 growth forecast to 3.6 per cent amid coronavirus-related worries. It has assumed
coronavirus: Fitch cuts UK’s rating on coronavirus debt surge
LONDON/BENGALURU: Ratings agency Fitch cut Britain’s sovereign debt rating on Friday, saying the country’s debt levels would jump as the government ramped up its spending
India gdp growth | Coronavirus fallout: UBS cuts India’s FY21 real GDP growth forecast to 4 per cent
The coronavirus pandemic and the resulting lockdowns on Monday led a foreign brokerage to sharply cut India’s growth forecast for the next financial year starting
Fitch cuts India growth forecast to 5.1% for FY’21 in wake of coronavirus outbreak
NEW DELHI: Fitch Ratings on Friday cut India’s growth forecast to 5.1 per cent for FY 2020-21, saying the coronavirus outbreak is likely to hit
Indigo cuts employees salary: IndiGo CEO Ronojoy Dutta announces pay cut for all employees, to himself take a 25% salary cut
IndiGo CEO Ronojoy Dutta today announced a pay cut for all employees, with a 25 per cent cut in his own salary. This comes in
BofA cuts March quarter growth forecast to 4% on Covid-19 lockdowns
MUMBAI: Wall Street brokerage Bank of America Securities has cut its March quarter growth forecast by 30 bps to 4 per cent, amid coronavirus pandemic-driven