Wednesday, April 8, 2020

April 8, 2020 - Jio, Airtel may post higher Q4 revenue on tariff hikes; heavy user losses to drag Voda Idea

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TradeBriefs Editorial

From the Editor's Desk

Greed and Fear Collide: Wall Street Calls Traders Back to Office

On April 2, the day that Coronavirus infections around the globe hit 1 million, managers inside JPMorgan Chase & Co. were emailing their latest plans for staffing New York-area trading floors amid the deadly pandemic.

One worker on the sales team noticed a colleague wasn't on the list and asked where he'd be.

"Corona Town, U.S.A.," the person wrote back. Then one of the bank's credit-trading leaders, Nicholas Adragna, weighed in: "The trading desk will be in the office unless they have a medical condition with a dr's note."

More than 100 employees were on the message chain seen by Bloomberg, and some were horrified. It came soon after an outbreak of Covid-19 inside JPMorgan's Madison Avenue headquarters, in which at least 16 people tested positive on a single trading floor.

Continued here


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Telecom
Jio, Airtel may post higher Q4 revenue on tariff hikes; heavy user losses to drag Voda Idea

Axis Capital estimates Mukesh Ambani-led Jio to report over 31% sequential jump in profit.


Telecom
Huawei laments U.S. plans to crimp its global chip supply

A Huawei Technologies Co Ltd executive on Tuesday described as "unfortunate" plans by the U.S. government to curb the Chinese telecom equipment maker'..


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Advt: Work for the best employer - Yourself
reseller
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.


Finance
70% of India's economy hit by lockdown, 10 crore jobless, says Subhash Chandra Garg

"The 21-day lockdown would hit 70 per cent of India's economy but has already rendered at least 10 crore workers of the mining, construction, manufacturing and services sectors jobless, who need financial support of at least Rs 2,000 per month for the next three months," a former topmost secretary of the finance ministry, who took voluntary retirement last year, said on Monday.


Finance
Goldman sees recession in India as consumption takes severe hit

The virus pandemic has brought "an unprecedented sudden stop" to activity in India.


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taggit




Food/FMCG
Britannia Industries ties up with Dunzo for delivery of essentials

The company has launched a Britannia Essentials store that will be available for users of the Dunzo app.Britannia joins ITC and Marico that have partnered with delivery apps to fulfill last mile delivery of essentials


Food/FMCG
Dabur Group commits Rs 21 crore in fight against COVID-19

Home grown Dabur group on Tuesday pledged Rs 21 crore to support the relief efforts and help the immediate needs of people affected from the COVID-19 pandemic.


15 More Food/FMCG Stories


Software
Only a few IT companies like, Wipro, Accenture Tech Mahindra honour job offers

Accenture is one of the largest employers in the IT sector, hiring an average of about 2,500 people every month in India in the last one year.


Software
Action sought against Capgemini over forced leaves

Pune: The National Information Technology Employees Sena (NITES) wrote a letter to chief minister Uddhav Thackeray on Tuesday requesting action agains.


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Ecommerce


Ecommerce
Coronavirus: How Ninjacart is ensuring a steady supply of vegetables and fruits even during lockdown

Ninjacart is reimagining its entire supply chain network to ensure there is no disruption even during the coronavirus lockdown.


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Digital
NASSCOM FutureSkills Brings Free AI Learning Programs

With an aim to enhance AI readiness among all individuals in the country, the National Association of Software and Services Companies (NASSCOM) in partnership with MEITY, today launched an on-demand courseware on Artificial Intelligence. This would be under the NASSCOM FutureSkills initiative and will allow individuals to upskill themselves over the course of the next few weeks. 


Digital
Facebook asks for users' data to generate COVID-19 'heat maps'

Facebook is asking users in the US to participate in a voluntary survey from Carnegie Mellon University to help health researchers generate new insights on


Digital
Who are India's covid-19 patients?

An analysis of the demographic details of thousands of Indian patients infected by coronavirus reveal they are younger than is commonly believed


Digital
More than ventilators, India needs thousands of coronavirus contact-tracers

Contact tracing can be important to prevent transmission, in both containment and mitigation phases of pandemic response.


Digital
Delhi to Kerala — State response to Covid-19 makes it clear India needs a new health policy

The 123-year-old Epidemic Diseases Act isn't good enough for a pandemic in the Information Age. India must revisit the National Health Bill that wasn't passed.


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Franchise
McDonald's unveils WFH policy for employees in west and south India

McDonald's has launched a WFH policy for its restaurant team in India due to the nationwide lockdown imposed by the government to combat Covid-19 pandemic.


Franchise
Gateway Partners invests $50 million in Tim Hortons Gulf franchise: sources

Dubai-based private equity firm Gateway Partners has acquired a 40% stake in the Gulf franchise of coffee and breakfast chain Tim Hortons, two sources familiar with the matter told Reuters.


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HR
The pain around joblessness in urban India has just begun

Contract workers in hospitality and retail businesses have been hit by a drop in discretionary spending.Over 30% urban India's weekly unemployment figure since 29 March, says CMIE


HR
The American Success Story Of Visionary, Banking Guru And Entrepreneur Nitin Khanna

Khanna's present venture is Sentia Wellness, a 21st century wellness company rooted in CBD


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Logistics
Will coronavirus lockdown cause food shortages in India?

India has a robust stockpile of food, but the prolonged lockdown is hurting farmers and labourers.


Logistics
Unfolding virus crisis may take Indian aviation back by half a decade

Novel coronavirus crisis is all set to take India's aviation sector back by at least four to five years.


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Construction


Construction
DLF not to sack any employee, to give hike to select staff

Elaborating other steps taken by DLF and its CSR arm DLF Foundation, the company said it has donated Rs 5 crore to Haryana COVID Relief Fund. Another Rs 50 lakh will be contributed to Tamil Nadu COVID Relief Fund, Rs 10 lakh to Chennai Kanchipuram District Relief Fund.


Construction


Construction
WeWork sues Japan's SoftBank for backing out of deal

The lawsuit filed in a US court in Delaware came just days after SoftBank said it was backing out of the plan to purchase WeWork shares to shore up th..


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Marketing
'Don't exploit coronavirus to promote a brand': Report | Advertising

Kantar's Barometer India study conducted across 19 cities in the country


Marketing


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Politics
'Suspend Central Vista plan, ban govt advertisements'; Sonia Gandhi suggests measures to divert funds for COVID-19 fight
'Suspend Central Vista plan, ban govt advertisements'; Sonia Gandhi suggests measures to divert funds for COVID-19 fight
Sonia also called for putting on hold foreign visits by the President, Vice president and Union ministers as well as chief ministers of states and bureaucrats, and slashing the government's expenditure budget, other than salaries, pensions and central sector schemes, by 30 percent.


Politics
Extend Closure Of Schools, Colleges Till May 15, Recommend Group Of Ministers
Extend Closure Of Schools, Colleges Till May 15, Recommend Group Of Ministers
A Group of Ministers on COVID19 on Tuesday recommended extension of closure of all educational institutions and restricting all religious activities having public participation till May 15 irrespective of whether the government extends the 21-day lockdown or not, a report said.


Politics
Small Businesses Struggle To Pay Wages Amid Coronavirus Lockdown
Small Businesses Struggle To Pay Wages Amid Coronavirus Lockdown
Hundreds of thousands of cash-starved small businesses in India have either deferred or cut their workers' wages this month, say industrialists and union leaders, amid a 21-day nationwide lockdown to stem the spread of the coronavirus pandemic.


Politics
Twitter Co-Founder Jack Dorsey Pledges $1 Billion Towards COVID-19 Fund
Twitter Co-Founder Jack Dorsey Pledges $1 Billion Towards COVID-19 Fund
Twitter co-founder Jack Dorsey said Tuesday he was committing $1 billion of his personal fortune to coronavirus relief through his philanthropic fund.


Politics
Kerala's Lockdown Violators Spot Police Drones, Run Like "Tracer Bullets"
Kerala's Lockdown Violators Spot Police Drones, Run Like
Kerala Police, which have been using drones to ensure people abide by the nationwide lockdown rules, posted a hilarious compilation of surveillance footage on Twitter.


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Sports
'I believe I have a World Cup left in me': Robin Uthappa
'I believe I have a World Cup left in me': Robin Uthappa
Robin Uthappa, who currently plies his trade in IPL for Rajasthan Royals, is aiming to reinvent himself as a finisher for India and has begun training keeping that in mind.


Sports
'Hitting Shoaib Akhtar must be easy': Mohammad Kaif's son after watching 2003 World Cup highlights
'Hitting Shoaib Akhtar must be easy': Mohammad Kaif's son after watching 2003 World Cup highlights
Mohammad Kaif had stitched a crucial partnership with Sachin Tendulkar in the middle overs to help India register a six-wicket win against Pakistan in the 2003 World Cup.


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Entertainment
TV Doctors and Nurses Come Together Virtually To Thank Real Doctors and Nurses
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Neil Patrick Harris, Olivia Wilde, Patrick Dempsey, Julianna Margulies and more show their support for healthcare workers on the frontlines of the coronavirus


Entertainment
Ashwiny Iyer Tiwari on writing Sudha Murthy biopic: It is challenging
Ashwiny Iyer Tiwari on writing Sudha Murthy biopic: It is challenging
Director Ashwiny Iyer Tiwari, who is making a biopic on real-life couple - Infosys co-founder NR Narayana Murthy and author Sudha Murthy, said working on a biopic isn't easy.


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Work
Inc.'s Essential Business Survival Guide for the Covid-19 Crisis
Inc.'s Essential Business Survival Guide for the Covid-19 Crisis
Inc.'s solutions center offers expert advice on handling panicked customers, interrupted supply chains, webinars, Zoom meetings, hyper kids, and a work environment that changes by the hour.


Work


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Life


Life
Doctors-turned-politicians don white coats again; Irish PM Leo Varadkar leads from the front
Doctors-turned-politicians don white coats again; Irish PM Leo Varadkar leads from the front
Indian leaders with medical degrees have also come forward in the hour of need.


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Retail
Modi govt to procure 1 cr hydroxychloroquine tablets for its affordable medicine scheme
Modi govt to procure 1 cr hydroxychloroquine tablets for its affordable medicine scheme
Modi govt is set to float tender for at least 85 lakh more tablets as against the usual requirement of 10-15 lakh tablets for PM Bharatiya Janaushadhi Pariyojana.


Retail
Myntra and Wildcraft partner to sell protective face masks
Myntra and Wildcraft partner to sell protective face masks
The masks are washable, thus reusable and are environment friendly. Launched at a price of Rs. 200 per piece, the masks are available in packs of 3, 5..


Retail
CIABC asks 10 States including Telangana to allow sale of liquor
CIABC asks 10 States including Telangana to allow sale of liquor
CIABC, which is the apex body of the Indian alcoholic beverage industry, has sent letters on Monday to chief ministers of 10 states including Telangana


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