The coronavirus pandemic has hit the airline industry really hard. With the government imposing a 21-day lockdown and putting a ban on all kinds of travel, airlines have been forced to ground their flights and send employees home. Many experts are even predicting that if the situation prevails longer than expected, several domestic airlines will…
The novel coronavirus which originated from China has now started to engulf India. So far, the virus has claimed more than 80 lives in India and infected more than 3,000 people. The COVID-19 pandemic presents an unprecedented challenge to the nation. This crisis calls for an even stronger and concerted action from corporate citizens to…
MOIL, a state-owned manganese-ore mining company, announced it will be contributing Rs 45 crore to the PM-CARES fund to support the cause for the fight against Covid-19 pandemic that has already impacted millions of lives in the world. The company in its press statement mentioned how it has been following the impacts of coronavirus in…
Honda India Foundation, the Corporate Social Responsibility (CSR) arm of Honda group companies in India, announced it has pledged Rs 11 crore aid towards COVID-19 relief and prevention measures. The foundation will immediately supply 2,000 units of high pressure backpack sprayers to various government agencies. These light-weight powerful sprayers will be used for disinfectant fumigation…
Companies are releasing regular updates to assure its employees and investors on its all business operations in order to counter any misinformation amid the current Covid-19 pandemic. Recently, Tata Steel released its update on India and European business operations. Now, Majesco has released its update related to business operations and other developments that took place…
COVID-19 has impacted the global hospitality industry significantly with occupancies of various hotel chains being affected drastically. Many Indian startups in the segment are slashing salaries across levels to conserve cash and extend their runway. Indian hospitality unicorn OYO Hotels & Homes is no different than these startups affected by the pandemic. The Ritesh Agarwal-led…
As the coronavirus pandemic takes a toll on businesses around the globe, job cuts have started to become a common cost-cutting measure by organizations. Recently, according to a BBC report, British Airways is expected to announce the suspension of about 36,000 staff. It is being reported that International Airlines Group-owned British Airways has reached a…
The Coronavirus pandemic has had a major impact on people across the globe. The pandemic has seen major corporations standing up to the need of the hour and committing funds for the fight against the pandemic. In order to show support to cause and specially to all healthcare professionals and every human being who are…
As the world battles with the coronavirus pandemic, several business leaders and organizations have come in support of the governments to help them combat the deadly virus effectively. Companies across the globe have pledged funds to government relief funds and are contributing in whichever manner possible for a faster containment of the virus. Extending support…
In this global fight against the coronavirus pandemic, companies are making efforts to help provide essentials to people across regions in order to support them to stay at home when the crisis seems to worsen on a daily basis. The count of coronavirus cases across the world are rising and this is causing worries for…
In present times when factories are temporarily shutting down their operations across the globe, companies are witnessing major financial losses due to the coronavirus pandemic. However, the exact losses and damages caused by the Covid-19 pandemic are hard to calculate as of now, but companies are putting in all efforts to keep its employees informed…
Indian travel and hotel booking platform Ixigo has recently slashed the salaries of its employees across all levels in an attempt to save cash burn due to the coronavirus pandemic. The company Co-founder and CEO, Aloke Bajpai said that the top management has agreed to take a 60% pay cut while the rest of the…
There is not a single nation that has not been impacted due to the coronavirus pandemic. The number of coronavirus cases are continuously rising in the western and the european nations, affecting all sectors in terms of jobs, production and trade. US and Italy are the most impacted nations due to the pandemic resulting in…
Stellar, globally acclaimed data recovery expert, has announced its online ‘Remote Data Recovery’ service in India with a purpose to resolve data loss crisis situation in the present global exigency caused by COVID-19. In continuation of Stellar commitment to data care services since 1993, the company has introduced online remote data recovery service for its…
Many nations are implementing complete lockdown to contain the coronavirus from further spreading, resulting in the temporary shutdown of many manufacturing units across industries in different regions. LT Foods, an 80-year old consumer food company, announced that all its facilities are operational and it is committed to meet the growing global demand for essentials. In…