Global charitable foundation Oxfam is planning to lay off about 1,4500 employees and close down operations in 18 countries. The organization had been facing losses for a long time since the Haiti sex abuse scandal in 2018, and the losses piled up after the coronavirus pandemic, as reported by the Guardian. In an official press…
Citing ongoing market meltdown due to the coronavirus pandemic, securities brokerage company IndiaNivesh announced the closure of its Portfolio Management Services (PMS) business. In an email to PMS investors dated March 29, IndiaNivesh’s Managing Director Sandeep Jain said, “In view of the current market volatility pursuant to the global outbreak of COVID-19 and its long…