Industry

NEW DELHI: Tata Motors, one of the largest Indian employers in China, has extended a plant shutdown and asked its 3,000 personnel there to work from home as a coronavirus outbreak that began in the country sweeps across the world. The Chery Jaguar Land Rover Co plant is located in Changshu, about 800 km from Wuhan, the epicentre of the outbreak. Jaguar Land Rover (JLR) has extended the shutdown of the plant it runs in China in partnership with Chery Automobile Co, said Tata Motors group CFO PB Balaji. The situation will be reviewed next week, he said. The plant was to have reopened after the Chinese New Year holiday. The 50:50 joint venture makes Jaguars and Land Rovers in Changshu. JLR has developed an application that monitors the health of its employees on a daily basis. “Our first priority is people and we have to monitor the health of employees on a daily basis so that if any situation occurs we can offer help to the employee,” Balaji told ET. ‘Closely … [Read more...] about China virus outbreak: Tata Motors extends JLR plant closure; M&M foresees supply woes

Vodafone-Idea is sitting on the edge of precipice- to get into the ditch of bankruptcy any day, according to former Finance secretary Subhash Chandra Garg. Garg in a blog titled 'Rebuilding Telecom Business in India' said that the Indian telecom business is now broken. "While the telecom service has become almost universal in the country and the prevailing tariffs in India are possibly the lowest globally, the businesses which deliver these services are quite broke. The telecom business is in bigger crisis that it was in 1998. Vodafone-Idea is sitting on the edge of precipice- to get into the ditch of bankruptcy any day," he wrote. Garg opined that the crisis is not limited to AGR related issues. "The crisis is much larger and deeper." "First, Telecom business- voice and data both- is headed towards becoming a duopoly (Jio and Airtel) with the remaining two players- Vodafone-Idea and BSNL-MTNL hurtling towards eventual shutdown, which might as well be an abrupt collapse," Garg … [Read more...] about Telecom biz broken, Voda Idea on brink: Former finance secretary Subhash Chandra Garg

"Celeste did an incredible job and I admire her for that, but I want my donation to be used now for the people affected by the fires, not in six months after the lawyers have taken the impetus from the whole thing," one commenter wrote. … [Read more...] about Celeste Barber’s bushfire fundraiser raised millions — here’s what’s happening with that money

Notably, the death toll from the COVID-19 epidemic outbreak climbed to 1770 in mainland China and infected more than 70,000 others so far in the country. The virus which was first detected in Wuhan, Hubei Province of China, in late December 2019, has spread to more than 20 countries including India.  … [Read more...] about Coronavirus scare: FM Nirmala Sitharaman denies report of shortage of medicines in Indian hospitals

Jet had 20-30 per cent of available slots at Delhi and Mumbai airports and overseas traffic rights, but these have been allocated temporarily to other carriers. … [Read more...] about Jet gets another EoI; deadline for resolution plan extended