Indigo declares salary cut for all employees

Published On: Thursday, March 19, 2020 | By: Team KnowMyStock

Interglobe Aviation (IndiGo) on Thursday has announced salary cuts across various levels of its organisation as revenue severely falls due to weak demand amid coronavirus spread. He also said, "We have to pay careful attention to our cash flow so that we do not run out of cash." IndiGo CEO Ronojoy Dutta said he would himself take the highest cut of 25 per cent and senior Vice-presidents and above will take a pay cut of 20%, VPs & cockpit crew are taking a 15% pay cut, AVPs, Bands D along with cabin crew will take 10% and Band Cs 5%, excluding Bands A and B and all the changes in salaries will come into effect from April 1, 2020. Interglobe Aviation Ltd is ended at Rs 909, down by 4.28% from its previous closing of Rs949.90 on the BSE. The scrip opened at Rs891and has touched a high and low of Rs985.85 and Rs882 respectively.

Closing Bell: Sensex gains 85 points, Nifty at 18755.90

Closing Bell:Sensex gains 418 points, Nifty at 18716.15

MARKET UPDATE: Sensex rose 135 points to 62761, and the NSE Nifty50 moved 40 points higher to 18,600

Closing Bell: Sensex down 223 points, Nifty at 18,563

MARKET UPDATE: Sensex surged over 100 points to trade around 62,962 levels, whereas Nifty50 climbed over 30 points to trade above 18,650 levels

MARKET UPDATE: Sensex gained over 50 points to trade around 63,228 levels, whereas Nifty50 traded marginally above 18,700 levels

MARKET UPDATE: Sensex surged over 150 points to trade around 62,988 levels, whereas Nifty50 gained over 50 points to trade above 18,650 levels

MARKET UPDATE: Sensex traded flat at 62,777 levels, whereas Nifty50 was flat above 18,600 levels

Closing Bell: Sensex up 240 points, Nifty at 18593.85

MARKET UPDATE: Sensex rallied over 300 points, whereas Nifty50 gained over 50 points to trade above 18,600 levels

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