April 1, 2020 - Nykaa raises 100 cr from Steadview, suspends operations due to lockdown

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Invite Friends   From the Editor's Desk Workers Were Always 'Essential' The coronavirus pandemic is revealing that capitalists aren't essential, workers are, and essential people have leverage. You may have noticed that the people getting us through the coronavirus crisis aren't billionaires, bosses, or traders: they're average folks, suddenly recognized as essential workers, and their daily labor is what makes everyday life possible under normal circumstances and infinitely more so during a pandemic. Covid-19 has turned everything upside down, but everything was so topsy-turvy to begin with that the simple fact that workers are the main drivers of society - long denied and obscured - has finally become irrefutably self-evident as the wealthy temporarily exile themselves from society while the people who really keep things running must continue to show up. Continued here Stay informed with TradeBriefs. Get ahead! Advertisers of the day Cambridge Senior Management Programme: Become a Transformational Leader | 26 Sessions | 14 Faculty | 1:1 Career Coaching | US $22,000 | Apply Now! INSEAD ILPSE: Develop core leadership capabilities | Take on senior roles | SGD 66,000 | Apply now! Our advertisers help fund the daily operations of TradeBriefs. We request you to accept our promotional emails.     Ecommerce Nykaa raises 100 cr from Steadview, suspends operations due to lockdown Nykaa will focus on daily essentials and personal hygiene products, for now Ecommerce New Tax Burden On Foreign E-Commerce Companies: The Problem Of Two Hows Governments finds a treaty-proof shortcut to tax foreign e-commerce entities. 13 More Ecommerce Stories Advt: Work for the best employer - Yourself Advantages - Best B2B audience in India, no hard-selling or up-front costs involved, access to our content repository and air-tight agreements with instant gratification. Digital Tech giants such as Google, Facebook seek to defer Indian digital tax Big U.S. tech firms such as Google and Facebook plan to seek deferment of a new Indian digital tax, which has caught them off-guard as businesses battle the fallout from the coronavirus pandemic, three industry sources told Reuters. Digital Facebook acquires AR display maker Plessey 11 More Digital Stories Franchise Marriott Experiences Massive Data Breach Franchise Airbnb will give $250 million to hosts who lost income to virus Even before the pandemic sent the global travel industry into a nosedive, Airbnb faced financial challenges. In the last three months of 2019, it lost $276.4 million excluding interest, taxes, depreciation and amortization, compared with a loss of $143.7 million a year earlier 0 More Franchise Stories HR A month short of retirement, Air India captain aces the trickiest mission of his career We did not know what to expect. We knew refuelling would be available, but that was about it HR RBI asks banks to inform about re-appointment cases of MD, CEOs six months in advance The Reserve Bank on Tuesday asked the private sector and foreign banks to intimate it six months in advance in cases of re-appointment of managing director and chief executives as against the present practice of four months. 12 More HR Stories Logistics Govt asks ports, shipping lines to waive demurrage, ground rent on non-containerised EXIM cargo The shipping ministry has directed the dozen state-owned ports on Tuesday to waive demurrage, ground rent beyond allowed free period, penal anchorage/berth hire charges and any other performance relat Logistics Mumbai airport operates with 500 staff, BEST helps in employee transport Mumbai International Airport, which used to handle around 1,000 flights a day before the lockdown started, is currently operating with a staff of 500 personnel to handle evacuation flights and cargo aircraft.Get latest Aviation online at cnbctv18.com 14 More Logistics Stories Construction More homebuyers in Tier II III cities than in metros; these factors fueled growth in home loans Most of the Tier II & III cities have been driven by employment generation through manufacturing or services sectors. Construction Lockdown period to be excluded from insolvency process timeline: NCLAT Passing a suo motu order, a three-member NCLAT bench headed by Acting Chairperson Justice B L Bhat said that it would applicable in all the corporate .. Construction World economy will go into recession with likely exception of India, China: United Nations UN's trade body, however, did not give a detailed explanation as to why and how India and China will be the exceptions as the world faces a recession .. Construction Renowned architect Michael Sorkin dies due to COVID-19 complications Michael Sorkin, 71, renowned architect, urbanist, and critic passed away on March 26 due to complications resulting from COVID-19. 12 More Construction Stories Marketing How third-party tracking getting blocked could impact marketing Many marketing technology and data companies have built their businesses on the back of third-party cookie data. Third-party cookies getting blocked could Marketing The Silent Betrayal — How Advertising let down the faithful. Chapter 7 The curse of the 'brown ceiling' — The seventh chapter of the 'episodic narrative' by Shivaji Dasgupta, Managing Director, Inexgro Brand Advisory 5 More Marketing Stories Politics COVID-19 Fund Gets Rs 10 Lakh From Mamata Banerjee's "Limited Resources" West Bengal Chief Minister Mamata Banerjee on Tuesday donated Rs 5 lakh each to the Prime Minister's National Relief Fund and the state Emergency Relief Fund to help combat the spread of the novel coronavirus. Politics Lockdowns Across The World After Spain's COVID-19 Deaths Surge Tightened lockdowns across the planet saw nearly half of humanity told to stay at home in a bid to stem the spiralling coronavirus pandemic, as Spain recorded its deadliest day Tuesday and the United States braced for the full impact of the disease. Politics India Sends COVID-19 Protective Gear To Serbia Amid Huge Shortage At Home Amid a huge crunch of protective gear for medical personnel treating COVID-19 patients, India has exported 90 tons of medical equipment and safety gear to Serbia. The matter was discovered after a tweet from the Serbian wing of UNDP (United Nations Development Programme) which is the providing support to coronavirus-effected nations. The health ministry denied any knowledge of the matter. 5 More Politics Stories Sports 'Pay cut a small thing, players prepared to do their bit for game's survival': Tim Paine A pay cut for the top cricketers seems to be on the cards with Cricket Australia delaying annual contracts for both the men's and women's national teams. Sports Coronavirus: David Warner shaves off head in support of medical staff, nominates Kohli, Smith David Warner on Tuesday decided to shave off his head to show support towards all those people who are working relentlessly on the frontline in the battle against coronavirus. 4 More Sports Stories Entertainment Soaps are out of stock: The real reason you are seeing reruns on Indian television during lockdown The situation is dire for a lot of channel and serials. For instance, Asianet's signature Malayalam comic strip video, Munshi, is not being produced for the first time in two decades. Entertainment Film of the Month: Did Farooq Sheikh play his real flirty self in 1983's Katha? At least co-star Deepti Naval and director Sai Paranjpye think so. We revisit Katha (also featuring Naseeruddin Shah as protagonist... and let us reassure you the film has lost none of its repeat value) to find out ourselves. 17 More Entertainment Stories Work Start-ups use Zoom app to lay off staff Two California-based start-ups confirm they have used the conference-call app to lay off staff. Work How Resilience Works Confronted with life's hardships, some people snap, and others snap back. 11 More Work Stories Life This working couple shares their 3 secrets for keeping their marriage thriving during quarantine Nate and Kaley Klemp are marriage experts, and even they were stymied by sheltering in place until they found strategies to help them navigate stress and close quarters. Life Stanford Announces Code in Place: Free coding education in the time of Covid-19 8 More Life Stories Retail Retailers tap RWAs (Resident Welfare Associations) to bulk deliver to societies to overcome lockdown restrictions Residents say such bulk deliveries by retailers are helping them at a time when the country is undergoing a 21-day lockdown to stem the spread of the .. Retail Moneyball: Stellaris' Rahul Chowdhri On How The Pandemic Has Changed The Market The companies that survive this time frame will come out very strong in the near future said Stellaris' Rahul Chowdhri. Retail Ecommerce cos Reliance Retail, Future Group get into crisis management mode to manage ground-level operations Big Bazaar has scheduled ground duty to all its senior managers and CXOs to ensure the last-mile operation is on and to fill for store staff shortage. Spencers Retail and Natures Basket have set up a virtual war room where the companys senior team and store-level staff hold coordination meetings twice every day. Retail What Google tells us about lockdown impact in India's biggest cities Google data shows a pullback even in establishments categorised as 'essential services', ranging from moderate in food stores to severe in banks and petrol pumps 14 More Retail Stories Telecom Ericsson seeing no material impact from pandemic: CEO Ericsson's top executive Borje Ekholm said on Tuesday the Swedish telecom equipment maker had seen no material impact on its business from the global .. Telecom Bharti Enterprises, Airtel, Infratel announce Rs 100 crore donation to fight Coronavirus In addition to the Rs 100 crore committed by Bharti Enterprises, the employees of Bharti are also making personal voluntary contributions towards this.. 8 More Telecom Stories Finance A battered IndusInd Bank lays bare RBI's financial stability challenge The bank has revealed that it has lost 10% of its deposits since peer Yes Bank went belly up earlier this year.It also has exposure to vulnerable sectors in the wake of the lockdown to check the spread of covid-19 Finance Your EMIs have been deferred for 3 months, but here's the flip side Some lenders fear a huge pause could actually worsen their liquidity position. 10 More Finance Stories Food/FMCG CavinKare rolls out hand sanitizers at Re 1; hopes to repeat shampoo sachet story The Chennai-based company is leveraging its established Chik and Nyle brands of hair-care products, including shampoo and hair oils, to sanitizers on an immediate basis. ​While Chik has been extended to sanitizers in 2 ml sachets starting at Re 1 and a few more entry-level packs,Nyle is being extended to sanitizers in bigger packs such as 5 litre ones. Food/FMCG We've made efforts to sanitise entire system from cow to consumer: Mother Dairy over COVID-19 crisis Major milk supplier Mother Dairy on Tuesday informed that the entire system is being sanitized every day keeping in mind the exponential rise in coronavirus cases. 7 More Food/FMCG Stories Software H-1B visa holders, fearing job losses, seek more time limit to stay in the US Initial reports suggest that quite a number of H-1B employees are being laid off.In some cases, companies have already informed their H-1B employees that they are on top of the list of being fired. Software Oracle is witnessing tremendous growth in the SaaS space in India: Prasad Rai, Oracle India Oracle is witnessing tremendous growth in SaaS space globally and in India. Overall, the double-digit growth has been consistent for the last three years in India. The company is growing 3-4x times the market in apps which is a clear indicator that it is taking share from competitors, says Prasad Rai, Vice President, Applications, Oracle India, in an interview with Express Computer 10 More Software Stories TradeBriefs Publications are read by over 10,00,000 Industry Executives About Us  |  Advertise Privacy Policy    Unsubscribe You are receiving this mail because of your subscription with TradeBriefs. 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