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…
Mercedes-Benz India, a German luxury car manufacturer, announced that it has decided to set up a temporary hospital for Covid-19 patients in Pune. The hospital will have all medical facilities and isolation wards required for treatment of Covid-19 patients. The newly developed medical facility in Mhalunge-Ingale Village, Chakan Khed, will have isolation wards with a…
The grant aims to support ideas that are capital efficient, scalable and can be leveraged to fight the spread of the pandemic. The Action Covid Team (ACT) Grants has already raised Rs 70 Cr. from its target corpus, has funded 2 projects, and has over 45 volunteers. The initiative has seen the participation and support from leading start-up investors, fund managers from top VC firms, and prominent start-up CEO’s. Amongst the backers are Sequoia India, Accel, SoftBank, Coatue, Tiger Global, B Capital as well as leading start-up founders and entrepreneurs, along with industry bodies TiE, IVCA, Nudge foundation.
Investment and related payment can be made up to 30th June 2020 for claiming the deduction under 80C, 80G, 80D sections for FY 2019-20. The outbreak of Novel Corona Virus (COVID-19) across the globe has impacted people and businesses, causing loss to the lives of people, livelihood etc. Considering social distancing as an important move…
Infosys Foundation, the philanthropic and CSR arm of Infosys and Narayana Health, one of the largest healthcare providers in the country, have announced the launch of a 100-room quarantine facility for COVID-19 patients, in the vicinity of Narayana Health City in Bengaluru, Karnataka. The facility, aimed at serving patients belonging to the economically weaker sections…
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…
Companies across the public and private sector are joining the fight against the coronavirus pandemic in India and across the world. All big industrialists in India have contributed to the PM-CARES fund, leaving no stone unturned in helping the government to deal with the crisis Covid-19 has created. BHEL, India’s largest power generation manufacturer, announced…
The novel coronavirus outbreak, which originated from China in December last year, has now spread to India forcing the government to impose a nationwide 21-day lockdown. The outbreak has now been termed as “pandemic” by the World Health Organisation. So far, the virus has claimed 47 lives and infected more than 1500 people. Organizations nationwide…
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…
Cyient has joined the league of some of the big corporations who are fighting against the destructive coronavirus in the country. The company released its press statement mentioning steps taken in order to deal with the current Coronavirus crisis. Cyient, a global engineering and technology solutions company, announced that it has received clearance for its…
The coronavirus pandemic has spread across nations, uniting people across the globe to fight this virus that has already claimed many lives. Now, Bharti Enterprises joins the fray against Covid-19, announcing a donation of over Rs 100 crore. According to the company’s press statement, “These are extremely challenging times as the world battles the biggest…
ValueLabs, a Hyderabad-based IT & Services company, announced a total donation of $730,000 to help address relief measures for the COVID-19 situation. In order to engage everyone who wants to contribute to this cause, the company launched a donation drive over the weekend, enabling their global workforce to join hands and pledge their donations. Within…