Coronaviruses are a large family of viruses that are known to cause illness ranging from the common cold to more severe diseases such as Middle East Respiratory Syndrome (MERS) and Severe Acute Respiratory Syndrome (SARS).
A novel coronavirus (COVID-19) was identified in 2019 in Wuhan, China. This is a new coronavirus that has not been previously identified in humans.
Source: Who.int
The posts in this section are related to the news and updates on corporate action, employer actions, and related developments in the economy due to the epidemic.
Honda India Foundation, the Corporate Social Responsibility (CSR) arm of Honda group companies in India, announced it has pledged Rs 11 crore aid towards COVID-19 relief and prevention measures. The foundation will immediately supply 2,000 units of high pressure backpack sprayers to various government agencies. These light-weight powerful sprayers will be used for disinfectant fumigation…
Companies are releasing regular updates to assure its employees and investors on its all business operations in order to counter any misinformation amid the current Covid-19 pandemic. Recently, Tata Steel released its update on India and European business operations. Now, Majesco has released its update related to business operations and other developments that took place…
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…
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…
In this global fight against the coronavirus pandemic, companies are making efforts to help provide essentials to people across regions in order to support them to stay at home when the crisis seems to worsen on a daily basis. The count of coronavirus cases across the world are rising and this is causing worries for…
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…
Mumbai-based online beauty retailer Nykaa recently announced that it has raised ₹100Cr from existing investor Steadview Capital. Nykaa had earlier raised ₹100Cr from Singapore-based investment firm TPG Growth at a valuation of $724mn in March 2019. It was also being speculated for quite some time now that Nykaa has been planning for larger funding round…
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…
MetLife Foundation, an organisation focused on improving the financial health of low-income individuals around the globe has announced a commitment of $25 million towards supporting communities impacted by COVID-19. The foundation works by partnering with trusted organizations that create and expand financial access, and helps build the knowledge, capability and habits needed to improve financial…
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…