Cipla Limited announced that it has signed a non-exclusive licensing agreement with Gilead Sciences, Inc. for the manufacturing and distribution of the investigational medicine Remdesivir, which has been issued an Emergency Use Authorization (EUA) by the U.S. Food and Drug Administration (FDA) to treat COVID-19 patients. This agreement is part of Cipla’s efforts to enhance…
Tag: Coronavirus relief measures
Zoho ramps up global assistance efforts with new Vertical Relief Plan
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•Zoho Corporation, a global technology company, recently announced that is introducing its Vertical Relief Plan (VRP) comprised of programs and tools to assist businesses and organizations in need across three verticals severely impacted by the crisis: Education, Non-Profit & Government, and Retail. “We are so grateful to all the workers who are helping us weather…
Zoho launches free ed-tech platform Zoho Classes
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•Chennai-based software company Zoho recently announced the launch of a new mobile app, Zoho Classes, to facilitate educational and training institutes to serve their students online. The platform is currently free for all government schools in India and for all other schools outside India it is free for up to 100 students. For every additional…
Coca-Cola India commits Rs100 cr towards COVID-19 relief efforts in India
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•As the need to step up relief efforts during the COVID-19 pandemic continues, Coca-Cola India has committed an initial support of Rs 100 crores towards helping the healthcare system and communities to combat the crisis and contain the spread of the pandemic. “The relief programs initiated by Coca-Cola in India aims at benefitting and positively…
Indian startups and SMEs running out of cash due to coronavirus crisis
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•The coronavirus pandemic has not only affected human interaction but has brought the economy to a complete halt. The impact of the crisis can be seen taking a toll on several new-age startups and SMEs who have now resorted to cost-cutting measures. Companies like OYO, Swiggy, Meesho, Bounce, Udaan, and Paytm have either laid off…
Cipla pledges support in battle against Covid-19
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•The coronavirus pandemic and the concern related to the extent of damage it can cause had brought in a good degree of participation form major corporations, philanthropists, and business leaders to support the fight against the pandemic. Cipla Limited has announced an Rs 25 crore fund to support the Indian Government’s efforts to effectively combat…
Govt of India waives off 4 months rental for IT companies based in STPI
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•In view of the challenges thrown by COVID19 outbreak and consequent lockdown, the Government of India recently took a major decision to provide relief from payment of rental to the small IT units operating out of the Software Technology Parks of India (STPI). Most of these units are either Tech MSMEs or startups. The Ministry…
Vistara sends senior employees on compulsory unpaid leave for 3 days
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•The airline industry has long been in a soup due to the novel coronavirus outbreak. But things got even worse for the sector post the governments imposing nationwide lockdowns and travel-bans. It is being predicted that if the lockdown gets extended any further, several budget carriers will have to file for bankruptcy. In an attempt…
IndusInd Bank commits Rs30 cr towards Covid-19 relief efforts
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•The pandemic and the concern related to the extent of damage it can cause had brought in a good degree of participation form major corporations, philanthropists, and business leaders to support the fight against the pandemic. IndusInd Bank has announced its contribution towards relief efforts that are taking place in the country so that the…
SaaS platform RateGain sends employees on temporary leaves amid coronavirus
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•The coronavirus pandemic has proved to be a pain in the back of businesses, especially new-age startups. The pandemic followed by a nationwide lockdown has severely affected the businesses and operations of many organizations that are now finding it hard to tide over the unprecedented crisis. Companies have now resorted to tough cost-cutting measures in…
Hero MotoCorp donates 60 first-responder mobile ambulances towards Covid-19 relief efforts
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•As part of its ongoing initiatives towards the COVID-19 relief efforts, Hero MotoCorp, the largest manufacturer of motorcycles and scooters, announced that the company will be donating 60 first-responder mobile ambulances to authorities. “These unique and utilitarian mobile ambulances will be useful for reaching out to patients in rural and remote areas and comfortably moving…
Chubb commits $10 mn to pandemic relief efforts globally
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•Chubb announced three grants as part of its previously announced commitment to contribute $10 million to pandemic relief efforts globally. The company’s support, which is funded through the Chubb Charitable Foundation, is directed to partner organizations around the world that are providing essential resources immediately in areas facing the most acute need from the COVID-19…
Bharti Enterprises commits over Rs100 cr support to fight Covid-19
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•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…