Day: May 8, 2020

Facebook and Google extend working from home to end of year

Facebook and Google have said they will let employees continue working from home for the rest of the year.

The tech giants have announced plans to reopen their offices soon but are allowing more home working flexibility.

Google originally said it would keep its work from home policy until 1 June, but is extending it for seven more months.

Facebook said it would reopen its offices on 6 July as coronavirus lockdowns are gradually lifted.

Google chief executive Sundar Pichai said that employees who need to return to the office will start being able to do so from July with

Petrol, diesel excise duty hike: Consumers won’t lose, oil companies won’t lose much

As the sale of diesel and petrol slumped to its lowest level of around 60 per cent decline on-year in April 2020, the government had let oil companies earn higher margins on petrol and diesel.

Even as oil marketing companies Indian Oil, HPCL and BPCL agree to absorb the steep hike in excise duty on petrol and diesel, these companies’ net marketing margins will still remain above the normal levels. OMCs were earning nearly Rs 16 per litre net marketing margin on sale of petrol and diesel in April 2020 on account of fall in crude oil prices to $25

IndiGo announces salary cuts for top management from May amid coronavirus lockdown

The company has implemented graded leave without pay program for May, June & July.

Budget carrier IndiGo has said that it will have to cut salaries of senior management from May as coronavirus lockdown continues its onslaught on the aviation industry. IndiGo paid full salaries in March and April but now we have to implement pay cuts for senior employees from May, Ronjoy Dutta, CEO, IndiGo, said on Friday, PTI reported. The company has implemented graded leave without pay program for May, June & July, according to a letter shared by Ronjoy Dutta to his employees. The company has earlier