Tag: Coronavirus impact

India Inc and COVID-19: The battle for workplace safety

“Desperate times, call for desperate measures” When the first case of Coronavirus was reported, nobody expected it to engulf the whole world in fear, causing a recession-like situation. The pandemic has so far has claimed more than 4,000 lives worldwide and infecting 100,000 people. As we speak today, the virus has begun spreading in India…

Flipkart allows work from home option to employees

In an attempt to prevent the transmission of the novel coronavirus among employees, e-commerce company Flipkart has offered its employees work from home option for three days. The offer is preferably made available to young employees whose children are studying up to fifth grade. A Flipkart spokesperson said, “In addition, we are checking system preparedness…

Despite COVID-19 and financial hits, China to remain a key priority for US Companies

China remains a top long-term priority for most US companies, according to a new survey released today by the American Chamber of Commerce in China (“AmCham China”), despite slowing growth, wider US-China tensions, longstanding business challenges in the country, and the COVID-19 outbreak. Subsequent to the annual survey, the COVID-19 outbreak has recently been reflected…

Amazon extends work from home advisory for employees

E-commerce giant Amazon Inc recently announced that it has extended its work-home-home advisory to include employees in New York and New Jersey. The move is aimed at lowering the risk of coronavirus transmission among the employees. In an official statement, the company said, “We continue to work closely with public and private medical experts to…

Gates Foundation and Wellcome Trust with Mastercard launch $125mn fund towards COVID-19 treatments

Microsoft founder’s The Bill & Melinda Gates Foundation along with Wellcome Trust and Mastercard recently announced a new fund to accelerate technologies designed to identify, assess, develop and scale treatments to the COVID-19 epidemic. According to an official statement, The COVID-19 Therapeutics Accelerator will evaluate new and repurposed drugs and biologics to treat patients with…