Britannia Industries, an Indian food-products corporation, announced it has partnered with Dunzo, an online delivery platform, to deliver its range of biscuits, croissants, ghee, and dairy whitener, among others to its consumers. The company has launched a Britannia Essentials store that will be available for users of the Dunzo app. The first batch of deliveries…
Tag: Coronavirus pandemic
Coronavirus: Sony Pictures contributes Rs100 mn to daily wage workers in Media & Entertainment industry
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•Coronavirus pandemic has put the entire planet under lockdown leading to shutdown of operations across industries. The shutdown has left hundreds and thousands of daily wage workers or temporary/contractual workers unemployed in these times. They are the ones who are struggling to make ends meet. In order to help them sustain under lockdown, Sony Pictures…
Mastercard commits $250mn to support small business’ financial security
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•The coronavirus pandemic has hit the global economy worse than the 2008 financial crisis. Industry experts predict that the impact of the pandemic will last longer than a year. Some industry bodies are also estimating that the pandemic would cost upto 2.5mn jobs globally. Worst-hit among all sectors of the economy, is the small scale…
Coronavirus Impact: Travel industry becomes ground zero for job losses
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•The coronavirus pandemic has now started to impact the world economy to another level. The novel virus outbreak, which was once considered to be China’s “internal problem”, has now become a global headache. The World Health Organization has now termed the outbreak as “pandemic”, forcing governments to act on war footing to combat the disease…
Gartner CFO survey: 74% to shift some employees to remote work permanently
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•Present crisis due to the coronavirus is proving out to be a great time to experiment work from home as an alternative for the future business operations. Many companies around the world have started remote operations to deal with the current pandemic. However, Gartner, the world’s research and advisory company has come out with results…
Korean Air to send employees on rotational paid leave for 6 month period: Report
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•The airline industry globally is suffering the most due to the coronavirus pandemic. The novel coronavirus, which first originated in China, has now spread to almost every corner of the world forcing governments to take tough actions. Several countries have imposed national and international lockdown and put a ban on movement to prevent the transmission…
Dabur group extends support to fight Covid-19, donates Rs21 cr
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•The fight against the coronavirus is turning out to be a long battle which needs to be fought with full force, planning, dedication and great support. The number of cases around the world are still on the rise creating great demand for health equipment, masks, PPEs, testing kits and others to deal with the crisis.…
Flipkart, Uber partner to deliver everyday essentials to consumers across three cities
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•Online marketplace Flipkart recently announced a partnership with Uber to provide people across Bangalore, Mumbai, and Delhi access to everyday essentials, amidst the ongoing national lockdown. This partnership will keep vital supply chains running and will address the growing needs of Flipkart customers to receive essential goods at their doorsteps every day. It will also…
Visa foundation commits $200 mn to support small and micro businesses amid coronavirus pandemic
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•It’s hard to predict how markets will react post the coronavirus crisis, so in order to absorb any unprecedented shock that could impact small businesses, major companies are holding the baton and announcing their support to small businesses thrive in such hard times. Visa Foundation has come up with a plan to support such organisations…
How to stay mentally healthy in times of a pandemic
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•The global coronavirus pandemic is in its full effect. Risk of catching the flu is on the rise more than ever, stock markets are at an all-time low, a global recession is knocking on the doors of the world economy and individuals are now confined to their homes. The lockdown imposed by governments around the…
Air Deccan ceases operations, all employees put on “sabbatical without pay”
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•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…
Bigbasket plans to recruit 10,000 employees to fulfill deliveries
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•The ongoing coronavirus pandemic has crippled the economy with many experts fearing a global recession, possibly worse than the 2009 financial crisis. The impact of the pandemic can already be seen in the industries. The travel and hospitality industry has been the worst hit among all due to lockdowns and travel restrictions imposed by governments…
Aditya Birla Group contributes Rs. 500 crores towards COVID-19 relief measures
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•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…
Ramco Cements pledges Rs2.5 cr for fight against Covid-19
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•The Ramco Cements has joined the battle against the coronavirus that has already caused immense destruction of lives across the world. The fight against the virus is not easy but the way people are uniting and showing support, it seems the world is ready to take on this battle in order to defeat the coronavirus.…
Oyo slashes salaries of the executive team, Ritesh Agarwal to forgo salary for the entire year
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•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…