Air India pilots get more time to sign new contract
Air India pilots get more time to sign new contract
New Delhi: Air India has given more time to pilots to accept the revised compensation structure, which has been opposed by two pilot unions, according to a source. The decision to provide more time to pilots who are yet to sign the new contracts also comes days after Air India organised a town hall meeting with many pilots to discuss their concerns. The source said the airline has given time till the end of this week for signing the new contracts apparently due to requests from people who had not earlier accepted the revised compensation structure. There was no comment from Air India on extending the deadline. Initially, the deadline for accepting the new contracts had ended on April 30. The move to extend the deadline also comes at a time when crisis-hit Go First has stopped flying and its future remains uncertain, a scenario that has also resulted in many of the budget carrier's pilots seeking job opportunities elsewhere.
Venus Remedies to sell cancer drugs in Philippines, Iraq
Chandigarh: Pharma major Venus Remedies Ltd on Tuesday said it has further consolidated its position in the oncology space with marketing authorisation from Philippines and Iraq for two more widely used cancer drugs. While Venus Remedies has secured marketing approval for bleomycin from Philippines, the second largest market in the Association of Southeast Asian Nations (ASEAN) region, it has entered the Iraq market for the first time with a product registration for gemcitabine, the Panchkula-based company said in a statement. Saransh Chaudhary, President, Global Critical Care, Venus Remedies Ltd dubbed it as a decisive step towards achieving the company's goal of emerging as the top oncology medicine supplier from India in the ASEAN region and further expanding the reach of its oncology products in the Middle East and North Africa (MENA) market.
Raymond Q4 profit falls 26%
New Delhi: Diversified group Raymond Ltd on Tuesday reported a 25.84 per cent decline in its consolidated net profit at Rs 196.48 crore in the fourth quarter ended on March 31, 2023, on account of exceptional items. The leading textile and apparel maker had posted a net profit of Rs 264.97 crore during the January-March period of the previous fiscal, Raymond said in a regulatory filing. However, its revenue from operations was up 9.8 per cent to Rs 2,150.18 crore during the quarter under review, as against Rs 1,958.10 crore in the year-ago period. Total expenses of the Singhania family-controlled firm were at Rs 1,939.27 crore, up 17.34 per cent from Rs 1,790.12 crore of the corresponding quarter. Its total income during in the March quarter was at Rs 2,192.20, up 7.89 per cent.
TD Power Systems net profit rises 43%
New Delhi: TD Power Systems on Tuesday posted over 43 per cent jump in its consolidated net profit at Rs 35.35 crore in the March 2023 quarter year-on-year, mainly on the back of higher revenues. The company had recorded a consolidated net profit of Rs 24.66 crore in the quarter ended on March 31, 2022, a BSE filing showed. Total income rose to Rs 256.31 crore in the quarter from Rs 235.59 crore in the same period a year ago. The consolidated net profit in the fiscal 2022-23 also rose to Rs 96.81 crore from Rs 70.64 crore in the previous financial year. Total income rose to Rs 892.05 crore in FY23 from Rs 814.13 a year ago.
