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The ongoing coronavirus pandemic has claimed more than 1,000 lives of people from all walks of life in India. The virus has become a major health crisis in the country with the Central government imposing nationwide lockdown to contain the virus. In times like these, the government has asked insurance companies to not reject any…
CSC announced its Fund Services expansion into Ireland as part of its long-term strategy to provide global clients access to its suite of Fund Administration, Capital Markets, and Depositary services. “After a comprehensive six-month application process with the Central Bank of Ireland, CSC has been licensed to provide its Fund Services offering in one of…
Asian Paints, India’s leading paint company has announced its foray into the hand sanitizer category with the launch of the Viroprotek range of Hand and Surface Sanitizers. “Asian Paints has entered into this category to support the Government in its various measures towards COVID-19 relief and address the huge need of hand and surface sanitization…
YourNest Venture Capital, a focused ‘Pre-Series A’ fund house that invests in technology-led, enterprise-driven (B2B) and DeepTech (IoT, SaaS) start-ups, announced that it has launched SOAR, a fast-track funding programme focused on early-stage technology startups, particularly those operating in the deep tech domain. “SOAR is the fast-track funding initiative from YourNest Venture Capital that will…
Nasadiya Technologies Private Limited, doing business as Pratilipi and operates as an online self publishing portal, announced that it has raised about Rs 71 crore in its Series C round, led by Chinese internet giant Tencent, according to documents filed by the Bengaluru-based startup with the Registrar of Companies. According to the filings, Pratilipi’s existing…
As the number of pandemic cases are on the rise, the frontline health workers need more PPEs and other necessary stationery to deal with the crisis. In order to have sufficient PPEs and other stationery materials, IIT-M supported startups have developed Personal Protective Equipment (PPE) such as face shields and intubation boxes from 3D Printers…
Nira, a Bengaluru-based fintech startup offering small-ticket loans to blue and grey-collared workers via its mobile app and website, announced that it has raised a $2.1 million Pre-Series A funding from existing and new angel investors in the UK, Europe, and India. The startup will utilise the funds to add high-quality talent to its team,…
Zoho Corporation, a global technology company, recently announced that is introducing its Vertical Relief Plan (VRP) comprised of programs and tools to assist businesses and organizations in need across three verticals severely impacted by the crisis: Education, Non-Profit & Government, and Retail. “We are so grateful to all the workers who are helping us weather…
As the second phase of coronavirus lockdown is coming to its end, various state governments have been allowed by the central government to allow the opening of industries and offices for resuming businesses. However, the Ministry of Home Affair has released a set of instruction for such organizations to follow. Recently, Haryana Chief Minister Manohar…
Chennai-based software company Zoho recently announced the launch of a new mobile app, Zoho Classes, to facilitate educational and training institutes to serve their students online. The platform is currently free for all government schools in India and for all other schools outside India it is free for up to 100 students. For every additional…
KRBL Limited, India’s largest branded rice company, announced that it has associated with Zomato and Swiggy to introduce INDIA GATE BASMATI RICE on the country’s leading food delivery platforms. “Through this collaboration, India Gate Basmati Rice aims to provide all top selling packs to consumers without having them to step out of their safe heavens.…
Flipkart, India’s e-commerce firm, announced that it has tied up with Meru, an app-based ride-hailing cab operator, to deliver grocery and essential items to customers during the nationwide lockdown. Grocery and essential items will be delivered to Flipkart customers across Bengaluru, Delhi-NCR and Hyderabad through a safe and sanitized supply chain, the company said in…
Reliance Industries has announced that the company will reduce the salaries of its employees by 10%. The reduction will be for the employees in the oil and gas division, an internal memo said. “The COVID-19 pandemic has posed unprecedented challenges for India and the world. All societies, industries and businesses are impacted and Reliance is…
As the second phase of lockdown is nearing an end, companies in Gurugram were hoping for business operations to resume. The government had earlier notified that companies can open office spaces for employees but in a staggered manner and in sync with the government advisories. But with the rising number of coronavirus cases in India…
The coronavirus pandemic has brought us on the verge of a global recession. Some sectors of the economy are looking at a crisis, which would take years to recover. Among these are airline and travel industry. With governments imposing travel restrictions and nationwide lockdowns the airline industry has come to a standstill. Airline companies have…