Coronaviruses are a large family of viruses that are known to cause illness ranging from the common cold to more severe diseases such as Middle East Respiratory Syndrome (MERS) and Severe Acute Respiratory Syndrome (SARS).
A novel coronavirus (COVID-19) was identified in 2019 in Wuhan, China. This is a new coronavirus that has not been previously identified in humans.
Source: Who.int
The posts in this section are related to the news and updates on corporate action, employer actions, and related developments in the economy due to the epidemic.
Workday and IBM announced an expanded partnership and the availability of a joint solution to help business and community leaders plan, schedule, and monitor a safe return to the workplace for employees. As organizations begin to address how to prioritize safety in bringing employees back to the workplace, they must consider a myriad of factors,…
Pharma major Lupin Limited announced the launch of its Favipiravir in India under the brand name Covihalt for the treatment of mild to moderate COVID-19. Favipiravir has received authorization from the Drug Controller General of India (DCGI) for emergency use, the company mentioned in its press note. Lupin’s Covihalt dosage strength has been developed keeping…
The coronavirus pandemic has impacted normal worklife severely. The global economy came to a halt because of the pandemic and now every business and economist is waiting for it to be over as soon as possible. The decision of imposing nationwide lockdown by the government has now started to take a toll on the GDP.…
to prevent violence against them: Union Home Minister Union Ministry of Home Affairs (MHA) had issued advisories to all States/UTs to ensure adequate protection to healthcare professionals, medical staff and frontline workers by augmenting their safety and security cover. In spite of these advisories, some incidents of violence have been reported from different parts of the…
Adding to the unemployment crisis caused by coronavirus pandemic, online lending marketplace LendingClub Corp recently announced that it would lay off 460 employees, including President Steven Allocca, as part of a restructuring plan to slash costs. The layoffs represent roughly a third of the company’s total workforce of 1,538 people as of Dec. 31, 2019.…
The ongoing coronavirus pandemic has forced businesses to get on their knees. The nationwide lockdown has started taking toll on businesses and food delivery companies are having a really tough time due to fear of catching the virus in consumer’s mind. Owing to the troubles because of the pandemic, food unicorn Swiggy is recently planning…
The coronavirus pandemic and the concern related to the extent of damage it can cause had brought in a good degree of participation form major corporations, philanthropists, and business leaders to support the fight against the pandemic. Cipla Limited has announced an Rs 25 crore fund to support the Indian Government’s efforts to effectively combat…
In an attempt to promote employee welfare, French IT services giant Capgemini has recently announced that it has given a single-digit salary hike to 70 percent of its employees in India, effective April 1, 2020. The move will benefit the company’s 84,000 employees of its 1.2 lakh Indian workforce. The company has also said that…
The novel coronavirus has impacted all forms of life and has put everything on a halt for some time now. The pandemic has led to the world’s Work-From-Home experiment as organizations are now forced to shut offices to prevent transmission of the virus. Although one would like a work-from-home experience occasionally, the nationwide lockdowns have…
With long queues at grocery stores and society arranged vegetable marts, swarming online orders, delivery slots are overbooked, stocks are scarce, and people are struggling to get the basic cooking essentials in their households. Lining up at the supermarkets and being exposed to contacted surfaces isn’t the safest choice either, when social distancing is the…
Alphabet and Google CEO Sundar Pichai has donated ₹5Cr to non-profit Give India, thus matching Google’s earlier donation of ₹5Cr to the online NGO donation platform. Thanking Pichai, Give India in a tweet said, “Thank you @sundarpichai for matching @Googleorg’s Rs 5 crore grant to provide desperately needed cash assistance for vulnerable daily wage worker…
The state of Maharashtra has become the worst affected state in India due to the coronavirus pandemic. The state so far has confirmed 1,619 positive cases and about 140 people have lost their lives. The state’s capital Mumbai, which is also the financial capital of India has since last month came to halt. Organizations which…
In an attempt to provide essential commodities to Indians stuck at their homes due to the lockdown, E-commerce platform Flipkart and TataConsumer Products Limited has signed a partnership. As part of the partnership, Tata Consumer Products’ distributors will list as marketplace sellers on the Flipkart platform. Consumers can use the Flipkart platform to buy different…
Boston-based restaurant management platform Toast recently announced that it has laid off about half of its staff as the coronavirus pandemic forces restaurant closure globally. Citing restaurant sales decline as the reason, CEO of Toast Chris Comparato through a company blog said, “During the month of March, as a result of necessary social distancing and…
The ongoing coronavirus pandemic has brought the world order to a halt. Every routine that we used to follow has now been altered. In the face of restrictive movements and closure of many schools and colleges, students, who were supposed to be studying and preparing for their exams in coming months, are facing a void.…