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Aviation

When cash-burn puts a hole in ‘empathy’: IndiGo bites layoff bullet after a roundtrip of flip-flops

IndiGo’s rapid growth over the years to capture more-than-half of India’s aviation market had created an aura of invincibility around it. But the Gurugram-based company was the first to announce salary cuts in March, before quickly reversing it. Then in April, it made yet another U-turn.
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tarunshukla
1 Jul 2020 10 Mins Read 13 comments
Commercial airline staff arrive at IGI Airport amid the lockdown on May 25, 2020. Getty Images
Commercial airline staff arrive at IGI Airport amid the lockdown on May 25, 2020.
A few days ago, when an IndiGo airport executive was called for his yearly appraisals, he was expecting a pat-on-the-back session, as usual, sprinkled with some pep talk. Having spent a few years at the company, he instinctively knew that a salary hike was unlikely — especially amid turbulent times like these with the pandemic showing no signs of easing.
due to any “disciplinary or performance action” taken by the company. As for the airport executive who is expecting a pink slip any time for the “0.1%” deviation, nights pass without any sleep. And it is understandable. “I just got married and I don’t know what to do now,” he says. ( Graphics by Sadhana Saxena)
A few days ago, when an IndiGo airport executive was called for his yearly appraisals, he was expecting a pat-on-the-back session, as usual, sprinkled with some pep talk. Having spent a few years at the company, he instinctively knew that a salary hike was unlikely — especially amid turbulent times like these with the pandemic showing no signs of easing. due to any “disciplinary or performance action” taken by the company. As for the airport executive who is expecting a pink slip any time for the “0.1%” deviation, nights pass without any sleep. And it is understandable. “I just got married and I don’t know what to do now,” he says. ( Graphics by Sadhana Saxena)

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Sustainability scorecard: Top NSE companies understand the letter of the law better than its spirit
Policy and regulations

Sustainability scorecard: Top NSE companies understand the letter of the law better than its spirit

Compliances and disclosures in the area of governance seem far better than in environment and social, where rules are yet to be codified. ESG (environment, social, and governance) standards and processes, therefore, need to be uniform and implemented well for companies to ensure long-term sustainability and enjoy high levels of investor confidence. Voluntary disclosures don’t work.

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