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TVS Motor Company, has acquired Intellicar Telematics, an IoT solutions company. The deal is valued at about Rs. 15 Cr., and is expected to complete by 31st December 2020. The deal is expected to help TVS accelerate it’s ongoing digital initiatives that are targeted at delivering enhanced customer experience. Intellicar was setup in 2015, and…
The added bonus to employees during the festive season brings the company’s total spend on special bonuses and incentives for their teams globally to over $2.5 billion in 2020.Amazon India, will offer a “special recognition bonus” of up to Rs 6,300 to its employees in India. This payout is in line with similar payouts being…
Sandeep Kataria has been named as the CEO of Bata Shoe Organization, during the company’s board meeting on 30th November 2020. He follows Alexis Nasard into the role, who is stepping down after almostfive years in the role. Sandeep is the first Indian to take charge of the global role. Sandeep joined Bata India as…
ServiceNow has signed an agreement to acquire Element AI, a leading artificial intelligence (AI) company. The acquisition of Element AI is ServiceNow’s latest strategic investment to accelerate AI innovation in the Now Platform. The acquisition is expected to significantly enhance ServiceNow’s efforts at building a better and more intelligent workflow platform to enabling employees to…
HuffPost India, the Indian operation of the US-based digital media company, HuffPost, has shuttered its operations this week ( Tuesday, 24th Novembers 2020). A note on the now defunct website, reads – “As of November 24 HuffPost India will no longer be publishing content”. The news site has been in operation in India for around 6 years…
It started with Google Apps, then came G Suite and now we have Google WorkspaceGoogle Workspace is rebranded G Suite. This is a collection of Google’s workplace productivity tools. Google Workspace, has evolved over the years and this is the product suite’s second rebranding. Earlier in 2016, G Suite emerged from erstwhile Google Apps, launched…
Laws related to industrial disputes, occupational safety, health and working conditions of workers, laws related to trade unions, contract and migrant workers may stay suspended for 3 years.Uttar Pradesh government has approved an ordinance that exempts businesses from from almost all labour laws. The overall economy has been badly hit considering the Covid-19 pandemic, and…
Flipkart, has appointed Sriram Venkataraman as Chief Financial Officer (CFO) for Flipkart Commerce (Flipkart and Myntra), post exit of Emily McNeal, who held the role of Flipkart Group CFO since September 2018.Flipkart has appointed Sriram Venkataraman as Chief Financial Officer (CFO) for Flipkart Commerce (Flipkart and Myntra). His appointment is effective immediately, and comes on…
Directives on Covid-19 management for workplaces, as per the most recent MHA order.
India lockdown extended till May 17th.
Udaan, a Bangalore based B2B ecommerce platform has fired thousands of its contractual staffers this week. Based on employee reports, the communication related to their terminations landed in their emails starting 23rd April through 24th April. The layoffs have impacted employees in sales, credit, collection team, and the delivery team. As of now there are…
to prevent violence against them: Union Home Minister Union Ministry of Home Affairs (MHA) had issued advisories to all States/UTs to ensure adequate protection to healthcare professionals, medical staff and frontline workers by augmenting their safety and security cover. In spite of these advisories, some incidents of violence have been reported from different parts of the…
In wake of Covid-19 pandemic and the need to increase spending on health and welfare measures, the Government has decided to freeze the implementation of revised rates of dearness allowance (DA) of central government employees and dearness relief(DR) to pensioners for the installments due between 1st Jan 2020 and 1st July 2021. The DA / DR would continue to be paid at existing rates.
As per the International Labour Organisation’s prediction, the world will witness a loss of about 2.5 million jobs due to the coronavirus pandemic. Most of these job losses are coming from new-age startups and small scale industries who are being tested the most by the economic situation. After hospitality startups like Treebo and Fab Hotels,…
The following commercial and private businesses will be allowed to operate after 20th April 2020. These are over and above the list of essential services, that has already been in place during the lockdown. Subsequent to PM Modi’s address to the nation on 14th April, Ministry of Home Affairs has come up with guidelines related to permitted activities and list of businesses that can operate after 20th April.