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…
Pledging its support towards India’s fight against coronavirus (COVID-19) pandemic, Canon India, one of the leaders in the imaging space, announced plethora of initiatives to empower the people of its adopted villages and SOS village homes. “To ensure that the community members are fully equipped, safe and motivated to win the COVID-19 battle, the company…
Alphabet and Google CEO Sundar Pichai has donated ₹5Cr to non-profit Give India, thus matching Google’s earlier donation of ₹5Cr to the online NGO donation platform. Thanking Pichai, Give India in a tweet said, “Thank you @sundarpichai for matching @Googleorg’s Rs 5 crore grant to provide desperately needed cash assistance for vulnerable daily wage worker…
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. Pharma major Lupin Limited (Lupin) announced a contribution of Rs 21 crores for relief efforts directed towards mitigating…
Private banking company Kotak Mahindra Bank recently announced that the group’s leadership team has unanimously and voluntarily opted to take a 15% cut in compensation for the financial year 2020-21. The Managing Director of the bank, Uday Kotak has personally opted to forgo his salary, and will receive Re 1/- as compensation. The bank in…
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…
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…
MOIL, a state-owned manganese-ore mining company, announced it will be contributing Rs 45 crore to the PM-CARES fund to support the cause for the fight against Covid-19 pandemic that has already impacted millions of lives in the world. The company in its press statement mentioned how it has been following the impacts of coronavirus in…
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…
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.…
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 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…
Wipro, Wipro Enterprises and Azim Premji Foundation have together committed Rs 1,125 crore towards supporting the fight against the novel coronavirus pandemic. 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…
The Coronavirus pandemic has seen the world almost coming to a standstill. The pandemic has seen corporations and business leaders committing sizable amounts towards supporting the impacted people, communities as well as funding government initiatives towards fighting the pandemic as well implementing preventive measures. Indiabulls Group, a diversified financial services group, has announced a commitment…
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…