The Government of India recently announced the fourth phase of nationwide lockdown but with some relief to businesses. E-commerce companies who were only delivering essential products until now, are finally allowed to deliver all products in the red zones. As per the new guidelines issued on May 17 for the third extension of the lockdown,…
India’s largest passenger vehicle manufacturer Maruti Suzuki recently announced that it has decided to resume manufacturing operations at its Gurugram plant from May 18. The recent decision comes just a week after the company resumed operations at its Manesar plant on May 12. The company has said that it will operate according to the guidelines…
The Prime Minister of India, Narendra Modi recently announced the ambitious plan to make India “Atmanirbhar” or self-reliant to boost the economy and support the Indian industries. Taking cue from the Prime Minister, Yoga guru Baba Ramdev-backed Patanjali Ayurved is gearing up for the launch of its own e-commerce platform “OrderMe.” The platform will be…
In times when companies are laying off employees and reducing salaries, Asian Paints has said that it will go ahead with annual increments. In an attempt to boost employee morale and strengthen the bond with its employees, the company has decided to not lay off any employees and give them their annual salary raise. Citing…
Indian smartphone maker Lava recently said that it will shift its production base from China to India. The company will reportedly also shift its design center, which employees 600 people, to the country. According to a Business Standard report, the recent move is because of the government’s new Production Linked Incentives (PLI) for manufacturers in…
Ride hailing giant Uber is reportedly in advanced talks to takeover food delivery company GrubHub in an all stock deal. According to a Bloomberg report, the two companies could reach an agreement very soon. As soon as the news hit the market, shares of GrubHub jumped about 29% to $60.50, while those of Uber rose…
MoneyGram Payment Systems, Inc., a wholly-owned subsidiary of MoneyGram International, Inc., recently announced that it has entered into a partnership with The Federal Bank Limited, a private sector Bank in India, for a strategic partnership to offer a cost-effective direct to bank account credit option for customers in India. Through this partnership, millions will be…
India’s biggest automobile manufacturer Maruti Suzuki recently resumed operations at its Manesar facility after more than 40 days, and is reportedly planning to restart more production lines at its Haryana factories over the next seven days. However, shortage of manpower due to movement restrictions has become a challenge for the company. Maruti Suzuki’s Chairman, R…
Social media giant Facebook has agreed to a $52million court settlement to compensate its content reviewers, after a class-action lawsuit alleged that the employees suffered psychological damages while filtering harmful content uploaded on the site. According to an AFP report, the preliminary settlement was reached in a California court. As per the settlement, the U.S.…
Social media major Twitter recently announced its plans to allow many of its employees to work-from-home permanently, even after the coronavirus pandemic passes. According to an internal email sent by CEO Jack Dorsey to employees, the company is unlikely to open its offices before September. It also said that some jobs that require physical presence,…
India’s largest airline in by market share, IndiGo recently announced that it is now proceeding ahead with salary deductions for employees from May onwards. The company Chief Executive Officer, Ronojoy Dutta also said that the carrier is implementing a “limited, graded leave without pay program” for the months of May, June, and July. The airlines…
Mukesh Ambani-led Reliance Industries is reportedly considering selling its stake in Asian Paints as the Indian multinational conglomerate is stepping up its efforts to become debt free. According to a Bloomberg report, the company is in discussions with various banks for a potential sale of its 4.9% stake worth ₹989mn in Asian Paints report Ltd.…
In an attempt to strengthen its ecommerce footprint, Indian multinational conglomerate Reliance Industries Limited is reportedly in advanced talks to acquire a majority stake in Epharmacy startup Netmeds. According to a Times Of India report, Reliance, through one of its subsidiaries, may pay about $150mn for the assets including fresh capital infusion in the ten-year-old…
After a long halt of more than a month due to the government mandated lockdown, BMW Group India announced that it has resumed operations at Plant Chennai in accordance with guidelines issued by local authorities. The company said that Local production at the plant will be started with less than 50% of the regular workforce.…
Food delivery unicorn Zomato is reportedly aiming to start delivering alcohol to consumers as the company seeks to encash on the high-demand for liquor in India amid lockdown. According to a document seen by Reuters, Zomato is trying to lobby for a change in alcohol rules in India along with International Spirits and Wines Association…