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Total 65 results found. Search for [ job loss in auto sector ]

Results 1 to 21 of 65
BusinessToday.In
New Delhi, October 8, 2019
TKM is the fourth company to offer voluntary retirement for its employees after GM, Hero Motorcorp and Ashok Leyland as the ongoing auto slowdown continues to lead to heavy losses for companies


PTI
September 21, 2019
The GST Council on September 20 took an in principle decision to link Aadhaar with registration of taxpayers under GST and also examine the possibility of making the 12-digit unique identification number mandatory for claiming refunds.


Reuters
New Delhi, September 21, 2019
The government slashed corporate taxes on Friday, giving a surprise $20.5 billion break aimed at reviving private investment and lifting growth from a six-year low that has caused job losses and fuelled discontent


BusinessToday.In
New Delhi, September 20, 2019
No relief was announced for the auto sector despite a huge demand for a rate cut. The GST Council had said that such a move would lead to huge revenue hit for the states as well as the Centre


BusinessToday.In
September 12, 2019
The former prime minister has recommended a six-pronged action plan for the Modi government to tackle the ongoing crisis, which he attributes to demonetisation and faulty GST rollout. The Congress stalwart believes that the country can return to a high growth trajectory in 3-4 years if the government takes appropriate action.


Renu Yadav
New Delhi, September 10, 2019
Job loss is part of the economic cycle whenever the economy faces downturn. Therefore, it's better to prepare yourself emotionally and financially for any eventuality


Anand Adhikari
New Delhi, September 2, 2019
In a weakening economy, rising indebtedness could cause problems


Sumant Banerji
New Delhi, September 2, 2019
Mining and quarrying was one of the only three segments that expanded in the April-June period of this fiscal over last fiscal, yet the situation on the ground or at the pit head of a mine in this case, is anything but rosy.


BusinessToday.In
August 28, 2019
In a recently released report, S&P Global Ratings claimed that the asset quality and growth of India's banks are likely to remain under stress due to the fragility in financial markets, rising risk aversion, and weakness in some highly leveraged corporate sectors


Reuters
New Delhi, August 22, 2019
Auto companies in India cut more jobs: Japanese carmaker Toyota Motor and South Korea's Hyundai Motor are the latest in a string of companies to halt production at plants to combat slumping sales.


Chitranjan Kumar
New Delhi, August 20, 2019
India's cotton-spinning industry has been struggling with profitability over the years due to a sharp decline in yarn exports, cheaper import, state and central level taxes on export and high interest rates, said  Northern India Textile Mills Association (NITMA)


Sumant Banerji
New Delhi, August 19, 2019
The automobile industry is in the middle of an unprecedented slowdown. With companies beginning to lay off workers, the worst is yet to come


Sahil Joshi
August 16, 2019
Tumbling sales in auto sector have led to massive job cuts in the industry. Automakers like Mahindra and Mahindra have claimed that they have done enough 'belt tightening' and now it is time for the government to provide some relief to the sector


Reuters
August 14, 2019
China's economy stumbled more sharply than expected in July, with industrial output growth cooling to a more than 17-year low, as the intensifying U.S. trade war took a heavier toll on businesses and consumers.


BusinessToday.In
New Delhi, August 14, 2019
Auto slump: Auto industry body FADA this month said around 2 lakh jobs have been cut across automobile dealerships in India in the last three months


Reuters
August 9, 2019
The slowdown in the sector has triggered massive job cuts, with initial estimates suggesting that automakers, parts manufacturers and dealers have laid off about 350,000 workers since April, a senior industry source told Reuters earlier this week


BusinessToday.In
August 8, 2019
Addressing the company's shareholders at its 73rd AGM, Mahindra pitches for short-term measures to catalyse consumption, either by reducing GST or cess rollback, adding this would have a \"benevolent ripple effect\" on the economy


Reuters
New Delhi, August 8, 2019
Executives from across the sector also asked the government to provide incentives to scrap old vehicles, which they said would help boost sales, and urged officials to reconsider a proposal to hike registration fees for automobiles as it would hurt demand


PTI
August 4, 2019
With no immediate signs of recovery, the Federation of Automobile Dealers Associations (FADA) feared that the job cuts may continue with more showrooms being shut in the near future and sought immediate government intervention such as reduction of GST to provide relief to the auto industry.


Sumant Banerji
New Delhi, July 24, 2019
The automobile component industry grew by a respectable 14.5 percent to $57 billion in fiscal 2019, but a steep slowdown in the second half of the fiscal has resulted in retrenchment across companies


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