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 […]
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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, some relaxation has been announced on one of the key processes marking […]
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Mumbai offices shut till March 31st
All 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 Nagpur. The announcement comes as number of Covid-19 positive cases in Maharashtra moved up to 52. As per […]
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, […]
Employee State Insurance Act provides a mechanism to ensure certain benefits to employees at workplaces covered under the act. These may be applicable in case of sickness, maternity and employment injury involving personal injury caused by accident, or occupational diseases in course of employment. As per the The Employees State Insurance (General) Regulations, 1950, regulation […]
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 […]
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 Monsanto that has see the German company entangled in costly lawsuits. He will be succeeded by Prof. Dr. Norbert […]
Survey results of a new survey from WebMD Health reveals that working women caring for children experience loneliness, isolation and stress at far greater rates than others and are looking to their employers to help them better manage these issues. The WebMd Health survey sampled 2,000 adults working full time in the U.S. for large […]
WNS (Holdings) Limited , a leading provider of global Business Process Management (BPM) services, has appointed Jason Liberty to the company’s Board of Directors and Audit Committee effective February 14, 2020. Presently, Jason is serving as Executive Vice President and Chief Financial Officer for Royal Caribbean Cruises Ltd., the world’s second largest cruise line. In […]
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 […]
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. Ideally every one out there would know SpaceX and Elon Musk. But for those who have been in […]