Covid-19 safety and related guidelines for workplaces – offices, factories and other establishments once they open up after 20th April 2020.In his address to the nation on 14 April 2020, the Prime Minister of India Narendra Modi announced that the nationwide lockdown will be extended till May 3 to further strengthen the efforts of the…
Intuit QuickBooks announced that it is starting a program called Consult an Expert to support small businesses and accountants in India during the COVID-19 pandemic. Intuit’s QuickBooks Online is the world’s online leading financial management solution for small business owners and accountants. The Consult an Expert program will provide free, timely, relevant and virtual advice…
FarEye, a SaaS-based logistics startup has announced that it has raised $25 million in Series D funding round led by M12 (Microsoft’s venture fund) Other investors that took part in the funding round include Eight Roads Ventures and Honeywell Ventures. Existing investor SAIF Partners also participated in the funding round. “We will use this investment…
Tata Consultancy Services, a global IT services, consulting and business solutions organization, announced that its customer and one of Sweden’s largest banks, Länsförsäkringar Bank has won the 2020 Celent Model Bank Award for Core Technology Replatforming, for its successful core transformation powered by the TCS BaNCS Global Banking Platform. Länsförsäkringar Bank selected TCS as its…
Sudhanshu Vats has resigned as MD and CEO of Viacom18 after an 8-year stint at the company, effective from April 15th. Viacom18’s leadership team will continue to manage their respective verticals, and will report to Rahul Joshi, MD, Network18 Group. Sudhanshu has helped in expanding Viacom18’s footprint into new business lines, including digital (Voot), experiential…
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.
As unemployment surpasses record highs due to COVID-19, a group of leading companies from multiple industries has formed People + Work Connect, an employer-to-employer initiative that brings together companies laying off or furloughing people with those companies in urgent need of workers. There is no cost for employers to join and participate. People + Work…
Hindalco-owned Novelis recently announced that it has completed the acquisition of Ohio-based aluminium rolled product manufacturer Aleris Corp. The deal, which was signed two years back, has finally been completed at a value of $2.8bn. The deal has also made Hindalco the world’s largest aluminium maker. In an official statement, Kumar Mangalam Birla, Chairman of…
Permitted activities after 20th April 2020, as per Revised Consolidated Guidelines of Ministry of Home Affairs. The activities permitted under the revised guidelines will not be allowed within the containment zonesPrime Minister Narendra Modi, in his address to the Nation on April 14, 2020, had announced that the nationwide lockdown will be extended till May…
Aurigo Software and Autodesk, Inc. announced an alliance to develop the most comprehensive set of cloud-based solutions for public and private owners. Aurigo will integrate with Autodesk Construction Cloud, a portfolio of construction management software and services. As part of the alliance, Autodesk will acquire a minority stake in privately-held Aurigo. “The present climate of…
Lightspeed Venture Partners announced the closings of Lightspeed Venture Partners XIII, L.P. with $890 million, Lightspeed Venture Partners Select IV, L.P. with $1.83 billion, and Lightspeed Opportunity Fund, L.P. with $1.5 billion of limited partner committed capital. According to the press release, the California-based venture capital firm said, “In these difficult times, as the world…
Aavenir, a SaaS-based source-to-pay solutions provider, announced it has raised $2 million in a seed funding round from venture capital firm Accel. The company will use funds to accelerate product development and expand global reach by strengthening its sales and marketing operations. “Machine learning, NLP, and interactive chatbots are offering tremendous opportunities to automate and…
Raghav Bahl-owned digital news website The Quint has recently asked about 45 employees to go on an indefinite leave without pay, according to various news reports. As per a report by news website Newslaundry,the estranged staff include reporters, one of whom recently won a prestigious journalism award, copy editors, a bureau chief, production staff, and…
Food-delivery unicorn Zomato is reportedly in talks to acquire SoftBank-backed grocery startup Grofers. According to reports by The Economic Times and Entrackr, the all-stock deal might value the e-grocer at $750mn (around ₹5,700Cr). Reportedly, Softbank is considering investing about $100-$200mn in the merged entity through its VC arm Vision Fund. According to sources mentioned in…
Antengene Corporation announced the appointment of Thomas Karalis as Head of Asia Pacific Regions. In this position, Tom will be responsible for the commercialization of Antengene products in Australia, New Zealand, S. Korea, Taiwan, Hong Kong and ASEAN regions and will report directly to John Chin, Chief Business Officer of Antengene. Prior to this role,…