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Air India's new owner may be allowed to trim fleet size, lay off staff

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Daily Newsletter 22 December 2020 | 02:13 AM | | | | | | LIVE MARKETS 45553.96 13328.40 GOLD 50371.0

[Business-Standard]( Daily Newsletter 22 December 2020 | 02:13 AM [Facebook]( [RSS]( [Twitter]( [Google Plus]( [Twitter]( [YouTube]( [Markets]( [Companies]( [Banking]( [Economy]( [Opinion |]( [Life]( [Management]( [Technology]( LIVE MARKETS [SENSEX]( 45553.96 (-1406.73) [NIFTY]( 13328.40 (-432.15) GOLD (MCX 10 GM) 50371.00 (67.00) SILVER (MCX 1 KG) 68899.00 (992.00) USD ($) / INR(Rs) 73.41 (-0.04) Front Page [Premium Content][Air India's new owner may be allowed to trim fleet size, lay off staff]( Since the skies are far from clear, the new owner will also be allowed to lay off employees, given their requirement will shrink with the ... [India suspends UK flights to prevent the spread of new Covid-19 strain]( India joins the 20 other countries in Europe, Asia and South America which have restricted travel from UK [New coronavirus strain infects global markets; Sensex, Nifty fall over 3%]( Monday's fall saw investor wealth shrink by Rs 6.6 trillion, based on the market capitalisation of all listed companies on the BSE [New Covid-19 strain: India alert, no need to panic, says Harsh Vardhan]( New strain of coronavirus, dubbed the "B.1.1.7 lineage" and believed to be far more infectious, has worried countries around the world, many of ... [IBC to remain 'rightfully' suspended till FY21 end: FM Sitharaman]( Suspension not applicable to defaults committed before March 25, 2020 [Premium Content][Contract workers of listed companies may soon have stock benefits]( Sebi plans to tweak the definition of 'employee' by deleting permanent from it; to merge sweat equity rules [Mahindra-owned SsangYong files for bankruptcy second time in 11 years]( The development comes a week after the struggling automaker missed repayment of 60 billion Korean Won to JP Morgan Chase Bank, South Korea, ... [Reliance-Future deal: Delhi HC rejects plea for injunction against Amazon]( Court prima facie finds suit filed by Future Retail is maintainable, Emergency Award valid, and Future Retail's resolution approving deal with ... [Wistron sees no major impact of Karnataka plant vandalisation on company]( Taiwanese major to continue manufacturing iPhone SE and iPhone 7 models at the unit [Boeing hard-sells Super Hornet, tests it for Indian Navy carriers]( India offered advanced Block III Super Hornet, with five major enhancements Companies [Premium Content][ATC sees huge opportunities in a challenging and competitive market]( The firm bought out, recently, Tata group's 12.3 per cent stake in ATC Telecom Tower Infrastructure for Rs 2,480 crore, raising its stake to 91 ... [Premium Content][Värde Partners, New Vernon's Rs 1,000-cr realty deal hits approval wall]( New Vernon's investment panel casts a cloud over Värde's earlier investments [Pine Labs' valuation tops $2 bn on closing funding from Lone Pine Capital]( Funding makes it country's most valued fintech after Paytm and PhonePe. Pine Labs silent on deal size, industry sources put it at $75-100 [Nayar elevated as KKR chairman, Trehan to head India PE business]( Gaurav Trehan from TPG Capital has joined the firm as head of KKR's private equity business in the country [» Read More Stories in Companies]( Economy & Policy [Premium Content][Rupee likely to end 2020 as the worst performing currency in Asia]( The rupee closed around Rs 74 to a dollar on Friday against Rs 72.2 at the end of December 2019 [Premium Content][Canadian pension fund, LIC and NIIF keen to invest in NHAI InvIT]( NHAI plans to put at least two-three projects worth Rs 5,000-6,000 crore under the InvIT by March-end. [Premium Content][Govt evaluating options to sell two subsidiaries of IFCI in revival bid]( Not keen on infusing funds into NBFC, to unlock value created by subsidiaries [Industry seeks front-loading infra spend, tax breaks in upcoming Budget]( To incentivise investments in infrastructure, the Federation of Indian Chambers of Commerce & Industry (Ficci) has sought tax exemptions [» Read More Stories in Economy & Policy]( Markets BSE 52-WEEK HIGH Company Price (Rs) Change (%) [Bajaj Electrical]( 601.25 -4.98 [Bharat Electron]( 111.95 -7.63 BSE TOP GAINERS Company Price (Rs) Change (%) [Tasty Bite Eat.]( 12212.25 7.82 [Honeywell Auto]( 33999.90 3.48 BSE 52-WEEK LOW Company Price (Rs) Change (%) BSE TOP LOSERS Company Price (Rs) Change (%) [C P C L]( 93.85 -13.94 [Rain Industries]( 113.65 -10.76 [Premium Content][Returns will be much more modest from here: Motilal Oswal's Raamdeo Agrawal]( RAAMDEO AGRAWAL speaks with Vishal Chhabria and Sachin P Mampatta about investing amid uncertainties around the pandemic [Premium Content][Markets may remain on tenterhooks amid fears of new Covid-19 strain]( Analysts say investors should use this fall to accumulate quality stocks [Premium Content][Analysts cheer Colgate's growth plans and focused product innovation]( Focus on modern trade and market share gains has led brokerages to hike their target price estimate for the stock [Investor wealth tumbles Rs 6.59 trn as new Covid-19 strain jolts markets]( Equities tanked after the UK reported a new strain of the Covid-19 virus [» Read More Stories in Markets]( Opinion [Premium Content][Wrong call on IBC]( Govt should not have extended suspension of bankruptcy work [Premium Content][Nepal's high-stakes gamble]( India will need to track and anticipate developments [How to make climate pledges stick]( The world needs to move beyond finger-pointing and work toward a uniform carbon tariff to increase the costs of emissions [Premium Content][Hear the drumbeat, it is green]( From the PM, to regulators, to those setting global standards, to investors, to the communities companies operate in, to the millennials who ... [Premium Content][Reading the tea leaves: What do jobs data tell us about economic recovery?]( Weekly estimates for the first three weeks of December indicate a likely marginal improvement in aggregate employment compared to November [» Read More Stories in Opinion]( Finance [HDFC, ICICI Bank and SBI, among top-10 lenders in 2020, says report]( Google Pay and PhonePe were the top wallets among the customers, says Report [NIIF completes fund raise for $2.3 bn Master Fund in fifth and final round]( PSP Investments, DFC of US, Axis Bank ink pact for $107 million cumulative commitment; International investors have rights to co-invest an ... [Premium Content][Insurers are going digital, but their systems are far from robust]( Many companies are using the building blocks in which they have invested to expand their digital offerings instead of taking the bold gambit of ... [» Read More Stories in Finance]( Technology [Apple iPhone 13 series to come with LiDAR sensors: Report]( The report claims that unlike the iPhone 12 series, all the phones in the iPhone 13 series are expected to be equipped with LiDAR sensors [» Read More Stories in Technology]( PF [Premium Content][One must retrieve unclaimed dividend of MFs or shares at the earliest]( Mutual fund investors stop getting the benefit of any appreciation after three years [» Read More Stories in PF]( Beyond Business [Premium Content][A tryst with hubris]( Book review of Yes Man: The Untold Story of Rana Kapoor [» Read More Stories in Beyond Business]( [About us]( | [Partner With Us]( | [Job@BS]( | [Advertise with us]( | [Connect BS]( | [Refer a friend]( Ensure that you always receive messages from business-standard.com Add bsemailservices@business-standard.net.in to your Address Book or Safe List. 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