Druva, the leader in Cloud Data Protection and Management, announced plans to ramp up its workforce in India within the next 12 months, even as it extends remote working for all employees until the spring of 2021. Since initiating a mandatory remote working policy earlier this year to protect employees and the larger community, Druva…
Mukesh Ambani’s Reliance Industries Limited will roll back salary cuts for the employees of its hydrocarbons division, according to the PTI report. In addition to this, the company will pay a performance bonus to its employees that had been deferred due to the pandemic. The firm is also offering an advance 30 percent of the…
Larsen & Toubro Infotech, a global technology consulting and digital solutions company, announced that it has introduced LTI SafeRadius, a GDPR-compliant return-to-work app to ensure workforce well-being and enhance operational efficiency as employees return to work in a phased manner across industries. The app provides rich and intuitive operational risk analysis by recording, processing, integrating…
Zydus Cadila, an innovation-driven global healthcare company, announced that it has signed a non-exclusive licensing agreement with Gilead Sciences Inc., for the manufacturing and distribution of Remdesivir, the investigational drug, which has been issued an Emergency Use Authorization by the U.S. Food and Drug Administration (FDA) to treat patients suffering from severe symptoms of Novel…
Infosys, the global leader in next-generation digital services and consulting, announced the launch of its enterprise-grade ‘Return to Workplace’ solutions to help clients ensure safety and wellness of their employees as they adapt to new ways of working amid the COVID-19 pandemic. The cloud and edge-based solutions offer a comprehensive framework that enables enterprises to…
Elon Musk has become controversy’s favorite child. The serial-entrepreneur has been in news during the coronavirus pandemic for many reasons, starting from calling Tesla’s stock price “very high” to taking American astronauts into space on a Falcon rocket. But this time, things have turned worse for the founder of Tesla Inc. Days after Musk defied…
Dubai-based world’s largest long-haul airline, Emirates recently announced that it has laid 180 trainee pilots due to the impact of coronavirus pandemic. The company also pointed out that there may be more layoffs if the situation continues to worsen. We reviewed all possible scenarios in order to sustain our business operations, but have come to…
Palo Alto, Calif.-based VMware has recently confirmed that it has taken several cost-cutting measures affecting its workforce amid the coronavirus pandemic. According to an internal memo, the company said it is conducting a company-wide employee salary freeze as well as temporary salary reductions for top executives, including CEO Pat Gelsinger, due to the uncertainty of…
In an effort to help slow the spread of the COVID-19 pandemic and support frontline workers, Mary Kay Inc. announced that it has contributed nearly $10 million in monetary donations, product donations, and distribution support in the countries where it operates and communities in critical need around the world. “The wide-ranging impact of this pandemic…
American online travel company TripAdvisor recently announced that it has decided to lay off 900 employees or 25% of its global workforce due to the impact on travel industry because of the coronavirus pandemic. In a blog post, TripAdvisor CEO and Co-Founder Stephen Kaufer announced that the company would be reducing its workforce in light…
The ongoing coronavirus pandemic has crippled the world economy to the extent that many are estimating that this could spark a recession worse than the 2008 financial crisis. Many sectors of the economy like travel and airlines have come to a total standstill with the travel restrictions imposed by various governments globally. In an attempt…
In an attempt to promote employee welfare and the company’s relationship with dealers and franchise owners, Bharti Airtel will reportedly pay the April month salary of nearly 25,000 employees belonging to its dealers, distributors and franchisees. According to a report by Mint, the company has told its partners to pay their employees full salaries for…
Bajaj Healthcare Limited (BHL), one of the leading manufacturers of API and formulations, has announced that it has received FDA approval for manufacturing Hydroxychloroquine Sulphate Bulk Drug and formulation for its tablets. Hydroxychloroquine Sulphate has been recommended by several countries, including the US, with limited dosage for Covid-19 patients and as a- preventive for high-risk…
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…
Intuit QuickBooks announced that it is starting a program called Consult an Expert to support small businesses and accountants in India during the COVID-19 pandemic. Intuit’s QuickBooks Online is the world’s online leading financial management solution for small business owners and accountants. The Consult an Expert program will provide free, timely, relevant and virtual advice…