CHENNAI — In a stark illustration of the financial pressures reshaping the global technology sector, Software-as-a-Service (SaaS) major Zoho has announced it will freeze annual salary increments for all employees in 2026. The decision, driven by skyrocketing infrastructure costs required to support artificial intelligence and a cooling software market, marks a sobering moment for one […]
Government and DGCA Monitor SpiceJet Amid Shrinking Fleet, Falling Market Share, and Salary Delays
NEW DELHI — India’s civil aviation authorities are tightening their oversight of embattled budget carrier SpiceJet as the airline grapples with a compounding crisis of shrinking operational capacity, sliding market capitalization, and acute internal financial strain. Civil Aviation Minister K Rammohan Naidu confirmed on Thursday that both the Ministry of Civil Aviation (MoCA) and the […]