Merck, a science and technology company, has announced that Hong Chow will join its Healthcare business sector as Head of China & International on October 1. In this role at Merck, Chow will lead China, Japan as well the regions Europe, Latin America, Asia-Pacific and Middle East, Africa and Russia, the franchise of Cardiovascular Metabolism…
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…
The company plans to lay off about half of 6,000 employees from its China operations. The recent coronavirus outbreak has forced the travel industry on its knees forcing businesses to take tough measures. Indian hospitality unicorn OYO Hotels and Homes is reportedly cutting down its global workforce by about 5,000 to 25,000 people. The biggest…
Fintech unicorn PayTM recently announced that it has decided to shut all its 6 offices in Delhi-NCR for at least two days after one of its employees from Gurugram tested positive for COVID-19 (Coronavirus). PayTM has five offices in Noida and one in Gurugram, Haryana. In an official statement, the company informed that it asked…
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…
As the novel coronavirus is spreading rapidly and cost more than 3,000 lives, corporations and organizations around the world are feeling the heat of it. Companies are now facing battles on two ends- sustaining the business and safeguarding employees. The outbreak has now led to the world’s largest work-from-home experiment to take place. Companies like…
Global food and beverage giant PepsiCo Inc recently agreed to buy Chinese snack brand Be & Cheery from local jujube maker Haoxiangni Health Food Co Ltd. According to the company, the acquisition will cost PepsiCo about $705mn. PepsiCo said that the company plans to become China’s leading consumer-focused food and beverage company post the acquisition.…
HSBC (The Hongkong and Shanghai Banking Corporation) Holdings Plc recently announced that the bank will witness a major overhaul that would reduce the number of staff to 200,000 from 235,000 over the next three years. The announcement comes after the bank reported that it has missed the pre-tax profit expectations after the bank took a…
As the death toll due to the deadly coronavirus reached over 800, the World Health Organisation declared it a Public Health Emergency of International Concern. Coronavirus has shut forced the Chinese economy on its knees with many analysts failing to predict the growth of the nation after this pandemic. In an attempt to help out…
Amidst a global fear of the flu-like Coronavirus, many corporations around the world have decided to temporarily shut their operations in China. With the virus spreading fast, an alarm has been set off across the globe with companies shutting their stores, putting travel restrictions on employees and warning of a financial hit from slowing business…
Indian hospitality unicorn Oyo is planning to lay off thousands of employees from its India and China businesses. According to media reports, the company has let go of 5% of its 12,000 employees in China partly citing non-performance as the reason and dismissed 12% of its 10,000 staff in India, one of the people close…
Y Combinator, the Silicon Valley start-up accelerator has picked 28 Indian start-ups for its 2019 winter batch, which is more than double of their earlier batch from India. Last year the strength was at 12 for its summer batch, said sources familiar with the development.* This is a significant increase from the past few years…
The Chinese consumer electronics and mobile communication company, Oppo Electronics Corporation (commonly referred to as Oppo), has set up its first research and development (R&D) center in India, Hyderabad, this new center is said to be the 4th R&D set up globally and the largest outside China. However, the company did not disclose the investment details. “The brand…