The novel coronavirus has engulfed the world in fear of its rapid spread and lack of medication. The virus which was first discovered in Wuhan City, China has so far claimed more than 3,000 lives and put at risk the lives of 90,000 people worldwide. As we speak today, the virus has entered India and…
Sandeep is a journalism and mass communication graduate with a keen interest in politics and business. He is a part of Research & Content team at HrNxt.com.
HSBC sends over 100 London staff home after employee tests COVID-19 positive
by
•British multinational bank HSBC recently sent more than 100 of its London staff home after a worker tested positive for the novel coronavirus. It is being reported that this is the first known case at any major company in the European financial district. As per an internal memo by CEO Noel Quinn, accessed by Reuters,…
Singapore payments startup “hoolah” raises funds with Series A found
by
•Singapore-based payments startup “hoolah” recently announced that it has closed an eight-figure investment through its Series A funding round. The funding round was led by venture capital firm Allectus, iGlobe Ventures, Genting Ventures and angel investors like former Lazada group CEO Max Bittner, and FNZ CEO Tim Neville. With the infusion of capital, hoolah plans…
Edtech startup Oda Class secures undisclosed pre-Series A round funding
by
•Bengaluru-based Edtech startup Oda Class recently announced that it has raised an undisclosed amount of investment in pre-Series A funding round. The funding round was led by a Chinese educational company, Yuanfudao. Interestingly, the founder of Yuanfudao is also a founding member of the Oda Class. As per an official company statement, Oda Class plans…
Kinara Capital launches HerVikas business loans for women entrepreneurs
by
•One of the fastest-growing fintech for MSMEs, Kinara Capital recently announced that it has launched HerVikas, business loans to accelerate the financial inclusion of women entrepreneurs in India. Kinara Capital plans to disburse ₹100Cr in HerVikas small business loans to women entrepreneurs this fiscal year. With HerVikas, the company aims to encourage women entrepreneurs with…
Socks startup Soxytoes raises undisclosed investment from Gurugram-based angel network
by
•Leading socks eCommerce startup Soxytoes recently announced that it has raised an undisclosed amount of investment from Gurugram-based angel investors network. According to a company statement, the startup plans to use these funds for digital marketing, increasing their kiosk network, expanding into international markets and launching new product lines such as personalized and kids socks.…
Proptech start-up Strata raises $1.5mn in a seed funding round
by
•Bengaluru-based real-estate tech startup, Strata recently announced that it has raised $1.5mn in a seed funding round led by SAIF Partners and Mayfield India. PropStack, a real-estate data analytics platform, along with three other angel investors also participated in the round. The company plans to use these funds for hiring in tech and investor relations…
How Coronavirus is infecting the tourism industry?
by
•Since it’s first reported case in Wuhan City, China, the novel coronavirus or the COVID-19 has now spread to multiple parts of the world impacting businesses and economies globally. According to the World Health Organisation, the virus has infected about 90,000 people and has claimed more than 3000 lives. What might have been perceived as…
Wipro cancels employee travel to coronavirus hit cities
by
•Indian software major, Wipro recently announced that it has suspended employee travel to coronavirus-hit China, Hong Kong, and Macau. The Bengaluru-based company on Wednesday told news agency IANS in a statement that, “Wipro has suspended travel to and transit through mainland China, including Hong Kong and Macau, until further notice. Employees have also been advised…
Proptech startup Zvesta raises $5.5M in Series A round funding
by
•Gurugram-based prop-tech startup Zvesta, recently announced that it has raised $5.5mn from Hindustan Media Ventures Limited. It is understood that the company will use these funds to build its brand and collaborative marketing for real estate aggregation across the country. The company’s primary focus is on building alliances and partnerships across India, strengthening through its…
PolicyBazaar announces top management changes; Sarbvir Singh to be new CEO
by
•Fintech startup PolicyBazaar recently announced changes in its top management. The online insurance aggregator has appointed former Venture Capital investor Sarbvir Singh as its new CEO. Company Co-Founder Yashish Dahiya will take up a broader group CEO role. It has also appointed Sharat Dhall as its new Chief Operating Officer. Prior to joining PolicyBazaar, Singh…
Nissan CEO puts his job on the line to turn around the automaker’s fate
by
•Nissan’s new Chief Executive Officer Makoto Uchida has recently claimed that he would accept being fired if he fails to turn around the automaker’s fate. Nissan has been struggling with declining sales in the aftermath of controversies surrounding Carlos Ghosn, it’s Ex-Chairman. Makoto took over the top executive job in December last year and has…
When is the right time to leave your employer?
by
•We have read or heard numerous quotes on the act of quitting. “It’s never okay to quit.” “Quitters don’t quit.” “Quitting is for the weak.” – Most of these quotes hold the same sentiment that you can only succeed if you suffer through hard times. But these conceptions are outdated. Sometimes, quitting is the best…
What could be an optimum severance package for terminated employees?
by
•Most employees are not prepared for an abrupt break in their careers. Any decision by a business to shut shop or tone down their business considering various issues can be detrimental to employees. People in business organizations are often told to leave due to several reasons which may not always be attributed to their performance,…
Don’t wait at the shore when the cyclone hits
by
•“When the oxygen mask falls down, try to save your own life before helping others.”Making the decision to quit your employer can be a difficult one. Leaving a good-paying safe job to a future of uncertainties can easily scare away the possibilities of resigning. But you’re not always in the position to make that decision…