Category Archives: Business
The Naresh Goyal-controlled carrier has been reporting losses since last three successive quarters and defaulting on salary payments to a section of its staff. “Pilots have decided that that they will not perform any additional duty and adhere only to the roster from December 1 if all salary dues are not cleared by November 30. The decision has been communicated to the management verbally,” the source said.
Finance Ministry nominees and some independent directors are expected to take on Governor Urjit Patel and his team later in the day over issues ranging from micro, small and medium enterprises (MSME) credit to the central bank’s reserves, though both sides are in favour of reaching a common ground.
However, weakness in the US dollar against some currencies in global market and a higher opening of the domestic equity markets limited the rupee fall ahead of Reserve Bank of India’s board meet, dealers said.