SpiceJet demands 15% hike in airfare as jet fuel prices touch all-time high

Citing a rise in the cost of jet fuel and the depreciation of the rupee, SpiceJet has said a minimum of 10-15 per cent hike would be required to ensure that costs of operations are better sustained.” Ajay Singh, Chairman and Managing Director, SpiceJet in a statement said, “The weakening of the Indian rupee…

IBM shuts all operations in Russia, lays off employees

IBM CEO Arvind Krishna through an email informed employees that the company is ending all operations in Russia. The move comes several months after the tech company froze activities in Russia. Additionally, the CEO revealed that IBM has begun laying off employees in Russia. In the letter that Krishna shared with the…