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OneWeb, the satellite internet start-up backed by Japan’s SoftBank Group, is filing for Chapter 11 bankruptcy. The company has since its inception launched 74 satellites and has 44 ground station to power its communication service using low earth orbit satellites. In their statement the company said that the Company and certain of its controlled affiliates…
Government extends timelines for Central Civil Services and All India Services employees appraisal.In its response to addressing the Covid-19 crisis the union government had announced a nationwide lock down of 21 days last week. The lock down has impacted almost all organisations in some way, including government offices. To ease the impact on government officers,…
“All private, Corporates, and establishments to be completely shut down.” – Brihanmumbai Municipal Corporation (BMC) , 20th March 2020All offices in Mumbai will be closed till March 31st. The announcement was made by Chief Minister Maharashtra, Uddhav Thakeray earlier today. The announcement said that only essential services will operate in Mumbai, Pune, Pimpri Chinchwad and…
As per a recent release, as an Additional Advisory for Novel Coronavirus Disease (Covid-19), the Government of India has requested the states to enforce work for home for private sector employees except those working in emergency and essential services. As per the advisory, towards addressing the need of ensuring social distancing at central government offices,…
HSBC Holdings plc has announced the appointment of Noel Quinn as group chief executive with immediate effect. Earlier in August 2019, Quinn had been appointed as interim chief after the sudden exit of John Flint from CEO’s position. Flint, a 30 year HSBC veteran started at the financial conglomerate in 1989, took over the CEO…
The District Magistrate, Gurugram has issued an advisory to all offices located in Gurugram district to allow their employees to work from home till 31st March 2020. As per the advisory issued by DM, Gurugram: “In compliance of “The Haryana Epidemic Disease, Covid-19 Regulations 2020 dated 11.03.2020″ notified under Epidemic Disease Act, 1897, all MNC,…
ESIC relaxes norms in consideration of the impact of pandemic – Corona virus, and resultant impact on working of most businesses. The ESI contribution for the month of February, 2020 & March 2020 can be filed & paid up to 15th April, 2020 & 15th May 2020 instead of 15th March, 2020 & 15th April,…
Urban Company ( formerly Urban Clap), a home services marketplace, has rolled out COVID-19 health insurance and income protection cover for service professionals on its network. The move is expected to support around 30,000 professionals active on the platform. The company founded in 2014 has emerged as India’s largest services market place with presence in over…
Sumant Kathpalia, presently Head of Consumer Banking at IndusInd Bank will take over as the managing director and chief executive for the bank. The Reserve Bank of India has approved his appointment for a period of three years effective March 24, 2020. In their statement, the bank said – “As previously advised to the Exchanges,…
Bob Iger, has exited as CEO for The Walt Disney Company. The announcement was made by the company earlier this week. Post his exit as the CEO, Bob Iger will assume the role of Executive Chairman and will direct the Company’s creative endeavors, while leading the Board and providing leadership and guidance to ensure a…
Werner Wenning to retire after over 50 years with Bayer, he will be succeeded by Prof. Dr. Norbert Winkeljohann. Bayer Chairman Werner Wenning, will step down in April, with effect from the end of the Annual Stockholders’ Meeting on April 28, 2020. His exit comes in the aftermath of of a $63 billion takeover of…
WebMD Health Services Survey Finds Millennial women in the workplace struggle with stress, loneliness and isolation in their personal lives, and want their employers’ help. Millennials were the only generation of the three to prioritize emotional and financial well-being over physical well-being. Survey results of a new survey from WebMD Health reveals that working women…
WNS has appointed Jason Liberty to the company’s Board of Directors and Audit Committee. Renu Karnad, a member of the WNS Board since 2012, has resigned from the Board for personal reasons effective February 14, 2020WNS (Holdings) Limited , a leading provider of global Business Process Management (BPM) services, has appointed Jason Liberty to the…
AI Recruitment startup Talview has hired Parimal Bajpai as VP of Engineering to help scale Talview’s platform as a recruitment automation and Instahiring solution. As VP of Engineering, Parimal will oversee Product Engineering, QA, Architecture and DevOps functions and teams at Talview. Talview’s Instahiring platform helps clients speed up their hiring process. As per the company their solutions…
They are looking for people with a super hardcore work ethic, talent for building things, common sense & trustworthiness.For those interested in working at SpaceX, Founder and CEO Elon Musk put across an invite on Twitter to SpaceX’s career day being held at Boca Chica on on Feb 6, 2020 between 3 – 9 pm.…