Car sales register steep decline in May, tractors witness nominal growth : Bulletin: Business Today
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Car sales register steep decline in May, tractors witness nominal growth

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BusinessToday.In | June 2, 2020

Car sales register steep decline in May, tractors lead road to recovery
Passenger vehicle sales in India saw a steep 84 per cent drop in sales in May over last year as staggered resumption of operations both at the factories and showrooms hampered business activity for all companies. It however came on the back of zero sales in April when the country was in a state of total lockdown. The situation, however, is only likely to get better as lockdown norms are further eased and domestic consumption steadily recovers. Sale of tractors, which were not impacted by the lockdown as they are allied activity with agriculture, saw nominal growth during the month.
 
Premjis take voluntary cut in commission, variable pay amid coronavirus crisis
Azim Premji, Founder Chairman and  Rishad Premji, Chairman of Wipro, have both taken a voluntary cut in their compensation for the fiscal year 2020, according to the recent filing made to the Securities Exchange Commission in the US. While Azim Premji has foregone the profit linked commission payable, Rishad Premji has foregone both the variable pay and the profit-linked commission payable to him.

Mumbai airport caters to over 42,000 flyers in first week of flight resumption
Chhatrapati Shivaji Maharaj International Airport (CSMIA) catered to a total of 391 flights, including 196 departures and 195 arrivals, in the first week of domestic flights resumption, informed Mumbai International Airport Limited (MIAL) that manages the airport. This involved 42,503 passengers, including 31,665 flyers at departures and 10,838 at arrivals. GoAir has also resumed flight operations.


Facebook, Snapchat join chorus of companies condemning George Floyd death, racism
Facebook Inc and Snapchat developer Snap Inc became the latest U.S. companies condemning racial inequality in the United States as violent protests flared up across major cities over the death of George Floyd, an unarmed black man who died while in police custody in Minneapolis last week. The two tech companies followed Intel Corp, Netflix Inc, Alphabet's Google, International Business Machines Corp (IBM) and Nike Inc in taking a public stance against Floyd's death.
Fruits and vegetables still at risk of locust attack; rabi crops not hit
Known for feasting on all sorts of plants and standing crops, locust swarms have been sighted in parts of Rajasthan, Maharashtra, Madhya Pradesh (MP), Uttar Pradesh (UP), and Gujarat over the last few days. Since May marks the end of rabi harvest, it is unlikely to damage any major standing crops. However, horticulture crops such as fruits and vegetables are at risk of a wash-out in these states.
 
Keep middle seats empty in flights or give protective gear to flyers: DGCA tells airlines
Directorate General of Civil Aviation (DGCA) on Monday asked airlines to allot seats in such a manner that middle seats are kept vacant on planes to ensure physical distancing. DGCA's order came after the Supreme Court pulled up the aviation regulator and Air India for putting the lives of the flyers at risk by booking for middle seats as domestic flights resumed after two months of coronavirus-led national lockdown. DGCA added that in case the middle seat can't be kept vacant, the occupant must be provided extra protective equipment.



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