Biz EOD: E-cigarettes banned, Coal India jobs, Oyo goes premium, and more
BusinessToday.In September 19, 2019
Modi government has decided to ban e-cigarettes over health issues related to them. OYO has entered the premium hospitality segment with its latest acquisition. Meanwhile, as hiring trends remain tepid, Coal India has announced 9,000 vacancies for executives and workers. Read for more headlines from the world of business and economy today:
The Indian Council of Medical Research (ICMR) has said that among other adverse effects of e-cigarettes, it is not even firmly established if the product helps in stopping tobacco use.
OYO Hotels and Homes recently announced the acquisition of ITC Hotels-managed Fortune Select Metropolitan Jaipur for about Rs 40 crore from UAE-based real estate group Emaar Properties
The 4,000 executives Coal India hopes to add to its rolls will be recruited through competitive exams, campus placements and interviews. The company will hire 5,000 workers through its seven subsidiaries.
Rural and urban inflation sliding down when RBI's repo rate has also been falling reflects all is not well with the economy. It calls for a comprehensive policy response to spur income and investment to revive consumption.
Air India's financial performance has gone from bad to worse in recent years. As its net loss widened to Rs 8,400 crore in FY19, the government is desperate to sell the national carrier.