Bankrupt mobile company, Aircel, has laid off about 1,000 of its remaining workforce of 1,229. Meanwhile, the insolvency process is…
Browsing: Financial Crisis
Both Bharat Sanchar Nigam (BSNL) and Mahanagar Telephone Nigam (MTNL), who have been undergoing a financial crisis, have been unable…
The employees’ and officers’ unions of Air India expressed their displeasure at the Government’s attempt to sell the cash-strapped national…
It is reported that a bailout plan costing Rs 73,787 crores by the Government of India will help Bharat Sanchar…
Deutsche Bank, the German multinational investment bank and financial services company is planning a revamp estimated to cost $5.6 billion,…
Air India will soon run out of funds to pay salaries to its employees beyond October. Not only are the…
Two employees’ associations of Jet Airways— The Society for Welfare of Indian Pilots (SWIP) and Jet Airways Aircraft Maintenance Engineers’…
Bharat Sanchar Nigam (BSNL), the state-owned telecom company, has again approached the Government for funds to pay the June salaries…
Bharat Sanchar Nigam (BSNL) confirmed that it will be able to pay salaries to its employees for the month of…
Delhi government recently released Rs 206 crore to the cash-strapped North Delhi Municipal Corporation (NDMC). Earlier, the doctors of Hindu…
Jet Airways stopped operating its airline business on 17 April, 2019. Several attempts were made by different bidders to salvage…
A Mumbai-based senior technician of Jet Airways is alleged to have jumped off the terrace of the four-storey building he…
Pawan Hans, the helicopter service company based in New Delhi, has been facing a financial crisis for some time now.…
With salaries of about 23000 Jet Airways’ employees having been delayed for months now, the Society for Welfare of Indian…
SpiceJet seems to be taking advantage of the financial crisis that has engulfed Jet Airways, by taking on the latter’s…
The union of Jet Airways’ pilots, the National Aviators Guild (NAG) has sent a notice to the CEO of Jet…
Bharat Sanachar Nigam (BSNL) Board will be laying off 54,000 employees in order to cut losses and save the Company…
The members of the Guild have communicated that the non-receipt of salary since the beginning of this year has made…
The pilots of Jet Airways who had planned to stop flying with effect from today if their pending salaries were…
Jet Airways’ domestic pilots body, the National Aviators Guild (NAG), has written to the State Bank of India (SBI) for…
Jet Airways’founder and chairman Naresh Goyal and his wife will be exiting the Airline’s board of directors. Goyal will also…
With the domestic pilots dissatisfied with the irregular payment of salaries for the past seven months, the Jet Airways’ pilots’…
Bharat Sanchar Nigam (BSNL), the State-run telecom company, has not paid the February salaries to almost 1.76 lakh employees owing…
Almost 900 employees of Hindustan Antibiotics (HAL)are awaiting pending salaries. Though the Government intervened and helped clear salaries in 2016,…
State-owned telecommunications service provider, Mahanagar Telephone Nigam (MTNL), has been in the midst of a financial crisis and is unable…
Bharat Sanchar Nigam Limited (BSNL), the State-owned telecommunications company, which has been reporting losses since 2016, is taking severe measures…