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cost cutting

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Tata Group Directs Air India to Focus on Cutting Record Losses Business
Economy #tata group#air india

Tata Group Directs Air India to Focus on Cutting Record Losses

Tata Group has instructed Air India to prioritise cost reduction over growth, leading to deferral of aircraft deliveries, flight cuts, and postponement of expansion plans. The airline incurred an annual loss of approximately $3 billion and has accumulated over Rs 55,000 crore in losses since 2022. Discussions with Airbus and Boeing to slow deliveries of up to 500 planes are underway.

Jun 14, 2026 1 source
HDFC Ergo Tightens Motor Insurance Amid Claims Inflation Finance
Insurance #insurance#motor third party

HDFC Ergo Tightens Motor Insurance Amid Claims Inflation

HDFC Ergo has increased provisions and cut costs in its motor third-party insurance segment to address claims inflation. CEO Parthanil Ghosh highlights strategic adjustments to maintain profitability.

Jun 1, 2026 1 source