Thursday, April 9, 2020

April 9, 2020 - Virus Crisis Is a Chance for India to Finally Reform its Economy

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TradeBriefs Editorial

From the Editor's Desk

CFOs Plan To Permanently Shift Significant Numbers Of Employees To Work Remotely - Survey

Finance leaders, scouring balance sheets for costs to cut, are considering reducing the need for office space by permanently shifting a portion of employees to working remotely, according to a survey released Friday.

Allowing employees to work from home, which was once considered a perk for senior employees or hotly sought after hires, is now a lifeline for countless companies hoping to keep operations running amid social-distancing measures aimed at slowing the COVID-19 outbreak.

It's becoming increasingly likely, however, that many workers, who have hastily converted guest rooms and breakfast nooks into home offices, won't return to company headquarters even after the public health crisis is over.

Continued here


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Finance


Finance
SIDBI Launches Startup Assistance Scheme

It will support the startups financially and provide them relief, , startups, COVID-19, sidbi


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Finance
India may have to sell itself out of this crisis, says Rajiv Bajaj

"We should have kept only the vulnerable at home, closed all public spaces, and allowed the young and healthy to keep turning wheels of the economy — with due precautions, with respect to hygiene, masks, distancing, etc."


33 More Finance Stories


Food/FMCG
Radhakishan Damani, the only Indian tycoon to get richer under lockdown

D-Marts rivals have not benefited as much under the same circumstances.


Food/FMCG
[EXCLUSIVE] F B industry estimates revenue loss of Rs 80,000 crore due to lockdown: Dineout CEO Ankit Mehrotra

Times Now Digital's Kriti Mehta spoke to Dineout CEO Ankit Mehrotra to gauge the impact of the coronavirus-induced lockdown on the food and beverage industry, challenges ahead and the way forward.


10 More Food/FMCG Stories

taggit




Software
Capgemini Cancels Earned Leaves Of All Employees; Increment Postponed For 30% Staff

Capgemini has said the company had tweaked leave accumulation only up to Q2 (FY21) end, and only as an interim measure.Their overall leave policy for the rest of the year remains unchanged and employees can continue to accrue leave according to the policy.


Software
HCL Technologies commentary calms nerves, but some worries remain

With covid-19 bringing the global economy to a standstill, the worry is that revenues of IT firms will fall in FY21.The performance will be aided by acquisitions HCL Tech did in the past


Software
Here's how India can become a global bio-medical hub post Covid-19: Kiran Mazumdar Shaw

Indian start-ups are thinking creatively and using cutting-edge technology. But many of them are stuck at the stage of taking 'ideas' to 'proof of concept'.


10 More Software Stories


Ecommerce


Ecommerce
Grofers to hire 5,000 people over 2 weeks to ramp up capacity

The company has also partnered with resident welfare associations (RWAs) of over 100 societies across metros to make essentials available to a larger ..


50 More Ecommerce Stories


Digital
The dark side of India's gaming boom

What happens when a virus-induced lockdown and big data targeting make online real-money gaming skyrocket?.There's one tool that the gaming industry is particularly hesitant to talk about—your data. Deployed effectively, it could take a potentially addictive product and make it impossible to resist


Digital
Loans, cards may be issued online soon

Only unsecured loans and credit cards may be sanctioned online.Loans such as that for a home would still involve physical processes as it requires valuation


11 More Digital Stories


Franchise
Turning Your Franchise Business Back On ?" The Time To Plan Is Now

Franchisors – now is the time to plan how to scale your franchise system back up


Franchise
Marrybrown waives advertising funds and franchise royalty fees amidst MCO

It is currently in the midst of extending this waiver option to its global franchise partners including those in Sweden, China, India, Singapore, Thailand, Maldives.


1 More Franchise Stories


HR
CXO-level hiring to be frozen for at least two quarters; organisations unlikely to invest in high cost resources post-lockdown...

CXO-level hiring--top level chief executives; finance, operations and tech chiefs, among others, are hired for critical roles.


HR


16 More HR Stories


Logistics
Private Airlines Refused To Carry Samples Of Coronavirus To Pune For Testing

In January, when the Covid-19 cases started to surface, all the private airlines operating from Pune refused to carry the biological specimens of the Coronavirus suspects, Outlook has learnt.


Logistics
Railways misses freight loading target by 15 million tonnes, earnings dip by Rs 2,129 crore due to COVID-19

As business dries up due to the coronavirus pandemic and the railways virtually shuts down operations, earnings from freight loading have also plummeted -- from Rs 1,25,354 crore in 2018-19 to Rs 1,23,225 crore in 2019-2020 fiscal, a loss of Rs 2,129 crore.


17 More Logistics Stories


Construction
Ritesh Agarwal's Oyo sends thousands of workers outside India on leave without pay

Oyo hasn't yet determined the precise number of workers to be furloughed because it is sorting through local labour laws in various countries.


Construction
China's big developers shrug off short-term virus impact to splurge on land

China's property market ground to a halt earlier this year as the virus outbreak escalated and authorities imposed tough curbs on travel and movement,..


13 More Construction Stories


Marketing
India's first ad agency launched in the times of COVID-19

IMPACT's Neeta Nair speaks with Abhik Santara, ex-President, Mumbai and Kolkata at Ogilvy on the launch of his agency ^ Atom


Marketing
How Strategic Search Investments Can Improve Brand Awareness and Generate Business

A strategic approach and investment strategy can drive strong digital performance and revenue growth through the search channel


9 More Marketing Stories


Politics
In Mumbai's Dharavi, Coronavirus Cases Rise To 13, Two Patients Dead
In Mumbai's Dharavi, Coronavirus Cases Rise To 13, Two Patients Dead
The number of coronavirus cases in Mumbai's Dharavi - the largest slum in Asia -- has touched 13, with six new cases in 24 hours. Among the new patients is a 50-year-old woman, who worked as the cleaning staff at a hospital. Another, a 25-year-old man, is the son of a patient who proved positive. The third - a 35-year-old -- also came in contact with a patient from a pocket of the slum.


Politics
11 Coronavirus Infected Indians Die In US, 16 More Test Positive
11 Coronavirus Infected Indians Die In US, 16 More Test Positive
At least 11 Indians have died of COVID-19 in the United States with another 16 testing positive for the infection that has claimed more than 14,000 lives and afflicted more than four lakh people in the US.


Politics
Now Is The Time For Unity, Review Virus Response Later: UN Chief
Now Is The Time For Unity, Review Virus Response Later: UN Chief
UN Secretary General Antonio Guterres on Wednesday said it was not the time to criticize the early response to the coronavirus pandemic, after US President Donald Trump attacked the World Health Organization.


Politics
"Modi Was Great": Trump's Praise After "Retaliation" Threat Over Drug

Hours after warning India of "retaliation" if it did not agree to export hydroxychloroquine, US President Donald Trump called Prime Minister Narendra Modi "great" and "really good"


3 More Politics Stories


Sports
With games paused, sports companies shift to making medical supplies
With games paused, sports companies shift to making medical supplies
While much of the sports world has focused on producing gear that protects medical personnel, the Formula One effort, nicknamed Project Pitlane, is aimed at helping patients. COVID-19 can cause severe breathing difficulty in its worst cases, but the CPAP machines could help keep people off the ventilators, which are in short supply.


Sports
Kept away from roads, runners globally are tuning to marathons at home
Kept away from roads, runners globally are tuning to marathons at home
Multiple athletes have been running the equivalent of marathons in their homes and there's even an indoor marathon competition being held in Dubai this week.


7 More Sports Stories


Entertainment
'Cinema has sustained itself during recessions'
'Cinema has sustained itself during recessions'
We will be taking measures like seat separation, caps on total seats allocated while booking so that the cinema is not crowded.Our business is dependent on the film industry. So content has to flow


Entertainment
Want to see stardom born out of talent rather than airport looks: Manisha Koirala
Want to see stardom born out of talent rather than airport looks: Manisha Koirala
Manisha Koirala was recently seen in Netflix drama Maska. Before that, she appeared in Sanjay Dutt-starrer Prassthanam.


11 More Entertainment Stories


Work


Work


10 More Work Stories


Life


Life


11 More Life Stories


Retail
Retailers, wholesalers come up with strategies for swift deliveries of essentials
Retailers, wholesalers come up with strategies for swift deliveries of essentials
Mohit Sardana, COO, food delivery at Zomato, said the firm has an estimated reach of 50 lakh households with Zomato Market, the company's grocery service that is live across more than 80 cities.


Retail
Opinion | Lockdown lessons from grocery retailers in China
Opinion | Lockdown lessons from grocery retailers in China
Retailers set up self-checkout zones with minimal contact via QR-enabled payment modes


Retail
As delivery workers emerge as frontline soldiers, India's government warms to e-commerce
As delivery workers emerge as frontline soldiers, India's government warms to e-commerce
Three days after India imposed a nationwide lockdown, Devender Singh revved up his motorcycle to deliver meat and eggs to customers - but his heart was in his mouth as he closed in on a police barricade on a deserted New Delhi road.


Retail
Amid lockdown, CAA protestors distribute food to migrants workers across India
Amid lockdown, CAA protestors distribute food to migrants workers across India
More than 1,000 young Indians who were actively participating in protests against CAA across India have now turned their focus to providing food for the needy during the lockdown even as the Centre struggles to help migrant and daily-wage labourers during the pandemic


17 More Retail Stories


Telecom
COAI asks PSUs to pay Rs 20,000 crore dues to telecom vendors quickly

COAI further said the huge scale of delays and breach of contract commitments by PSUs is highly detrimental to global business sentiments towards India.


Telecom
DoT relaxes time for self certification under mobile tower radiation norms

India Business News: The government on Wednesday relaxed radiation norms for installation of new mobile towers and upgradation for existing cell sites in the wake of crisi


7 More Telecom Stories



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