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Hammered by Covid-19 pandemic, Air France announces 7,500 job cuts

Hammered by Covid-19 pandemic, Air France announces 7,500 job cuts

Air France and regional subsidiary Hop announced 7,500 job cuts Friday after the virus pandemic grounded most flights and darkened prospects for future air travel.

Activists from multiple unions protested at Air France headquarters at Paris' Charles de Gaulle Airport as talks began Friday morning about future job prospects at France's flagship airline.

PM Modi to review coronavirus relief work by BJP units during lockdown

PM Modi to review coronavirus relief work by BJP units during lockdown

Prime Minister Narendra Modi on Saturday will review the relief work done by Bharatiya Janata Party (BJP) units during the countrywide lockdown period.

The announcement was made by the party's general secretary Arun Jain on Friday.

New lockdown guidelines issued in Jammu and Kashmir, movement restricted between 10 pm to 5 am

New lockdown guidelines issued in Jammu and Kashmir, movement restricted between 10 pm to 5 am

The Jammu and Kashmir administration on Friday issued fresh guidelines regarding the coronavirus lockdown in the union territory and classification of districts in the Union Territory as Red, Orange and Green for the purpose of implementing the lockdown with effect from July 4.

All districts of Kashmir province expect Bandipora district and Ramban district of Jammu province is under the red zone whereas Samba, Ganderbal, Poonch, among others, are under the orange zone. Only Doda and Kishtwar districts are under the green zone.

Global coronavirus tally touches 1.1 crore, 5.23 lakh deaths so far

Global coronavirus tally touches 1.1 crore, 5.23 lakh deaths so far

The total number of coronavirus cases worldwide has touched 1.1 crore or 11 million, according to the latest data by the Johns Hopkins University on Saturday.

More than 5,23,613 people have died globally due to the infection, according to the data compiled by the university.

Though the virus is believed to have emerged from the Chinese city of Wuhan, the United States is the worst-hit country from COVID-19, which was declared as a pandemic by the WHO on March 11.

Tamil Nadu surpasses 1 lakh COVID-19 cases, over 40,000 recorded in 10 days

Tamil Nadu surpasses 1 lakh COVID-19 cases, over 40,000 recorded in 10 days

Tamil Nadu has become the second state in India after Maharashtra to record over 1 lakh coronavirus cases. The south Indian state has crossed this grim number at a time when its capital city Chennai and three adjoining districts with high population density are under an intense lockdown since June 19. The lockdown is in place till July 5, after which partial normalcy would resume with offices and standalone shops allowed to function with limited capacity.

Friday’s health bulletin issued by the state government said that Tamil Nadu had recorded 4,329 new cases, taking the total count to 1,02,721.

Pakistan Foreign Minister Shah Mahmood Qureshi tests positive for COVID-19

Pakistan Foreign Minister Shah Mahmood Qureshi tests positive for COVID-19

Pakistan Foreign Minister Shah Mahmood Qureshi on Friday announced that he has tested positive for COVID-19 and said he will carry on his duties from home.

This afternoon, I felt a slight fever and immediately quarantined myself at home. I have now tested positive for COVID-19. By the grace of Allah, I feel strong and energetic. I will continue to carry on my duties from home. Please keep me in your prayers, Qureshi said in a tweet.

RIL net debt to dip with rights issue, Jio stake sale: Morgan Stanley

RIL net debt to dip with rights issue, Jio stake sale: Morgan Stanley

Asset monetisation in Jio Platforms along with the $7 billion rights issue should reduce Reliance Industries Limited's (RIL) net debt by more than half, according to a report by Morgan Stanley.

It said that multiple catalysts are in play with faster than expected deleveraging, improving demand and margin outlook on refining and chemicals, top quartile earnings CAGR of 23 per cent over F20-23, and digitisation, supporting multiples.

India-China faceoff: PM Modi, CDS General Bipin Rawat reach Leh to take stock of situation

India-China faceoff: PM Modi, CDS General Bipin Rawat reach Leh to take stock of situation

Amid the ongoing faceoff between India and China along the Line of Actual Control (LAC), Prime Minister Narendra Modi on Friday made a surprise visit to Ladakh to take stock of the situation.

He was accompanied by Chief of Defence Staff (CDS) General Bipin Rawat and Army Chief General Manoj Mukund Naravane.

UP Police eliminates two criminals involved in killing of eight cops in Kanpur

UP Police eliminates two criminals involved in killing of eight cops in Kanpur

The Uttar Pradesh Police on Friday eliminated two criminals who were allegedly involved in the killing of eight police personnel in Kanpur, Inspector General, Kanpur informed.

During a combing operation following last night's encounter, two police personnel were injured and two criminals have been neutralised, Mohit Agarwal, IG Kanpur told mediapersons.

Intel Capital invests Rs 1,894 crore for a 0.39% stake in Jio Platforms

Intel Capital invests Rs 1,894 crore for a 0.39% stake in Jio Platforms

Intel Capital will invest Rs 1,894.50 crore in Reliance Industries' Jio Platforms at an equity value of Rs 4.91 trillion and an enterprise value of Rs 5.16 trillion for a 0.39 per cent stake, said the two companies on Friday.

This will be the twelfth international deal for Reliance's digital arm in less than three months, taking the total investment amount to Rs 117,588.45 crore.

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