Indigo’s 300-plane deal, 1 in 4 techies are job hunting, and more top news

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Indigo has placed a record order for 300 single-aisle aircraft of the Airbus A320neo family, Bloomberg reports. The deal, worth $33 billion at list prices, allows the airline to replace the older A320 fleet by 2022 and fuel its global growth plans. Indigo will get a mix of short- and long-haul planes, including the A321XLR mode (available by 2024) which can fly 8,700 km without refueling. IndiGo’s A320neo orders now stand at 730, making it the world’s biggest customer for these planes. The carrier recently launched services to Istanbul, Riyadh and Chengdu. Join the conversation.

One in four professionals in the IT services sector are looking for a new job, Economic Times reports, citing a dipstick survey by Xpheno. The company mapped 17 lakh employees at the top 13 IT services companies and found that 4.7 lakh – or 27% of the workforce – were actively scouting for fresh opportunities in the previous quarter, after the increment cycle ended. Tech firms are tightening their belts, and increments this year averaged below 5%, with some in the 1-2% range. Sangeeta Gupta of industry body Nasscom says companies are getting more stringent on performance because of a “hyper-competitive” environment. Join the conversation.

The Supreme Court ruling on adjusted gross revenue may trigger a fresh round of job cuts at Bharti Airtel and Vodafone India, Economic Times reports. The two companies have just three months to collectively pay more than ?80,000 crore. “The operators will now have to look at ways to ensure future viability of their company which includes investments in network rollout, technology upgrades, expansion plans and manpower costs,” said Rajan Mathews of lobby group COAI. Telcos have been slashing jobs — the operator and tower businesses now employ about 180,000 people as compared to 300,000 in 2017. Join the conversation.

Delhiites may be gasping for air this Diwali, but they have access to maximum urban green spaces. A study by Livemint shows Delhi is the greenest Indian metro with a vegetation cover of 56.2% as compared to 12.3% in Mumbai — the last in the pecking order. While Delhi provides 41 sq m of green space per person, every Mumbaikar gets just 4.4 sq m. Green spaces are declining across metros — less than one-fourth (218) of 978 wards across these cities have green cover of more than 50%, the study shows. Join the conversation.

Indian Institute of Management-Calcutta is India’s top B-school for a two-year Masters in Business Administration, according to Financial Times’ Masters in Management 2019 list. The institute ranked 17th among the top 100, up 11 spots from last year. The other home-bred institutes include IIM-Ahmedabad (21) and IIM-Bangalore (44), besides new entrants IIM-Udaipur (76) and IIM-Indore (81) – taking India’s count to five from three in 2018. The rankings were based on 17 criteria, including value for money, employability among students within three months of completing the course and international student intake. Join the conversation.

Idea of the day: Great readers make great leaders, writes Julia Hartz, CEO and Co-founder at Eventbrite.

“One of the key attributes I’ve identified consistently in the leaders I look up to from the past and present is the commitment to life-long learning.”

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Dipti Jain, Nirajita Banerjee, Shajil Kumar and Mandar M Bakre