Industry

COVID-19 lockdown: Paytm Mall waives penalties on merchants for order cancellations, delays

On March 25, Prime Minister Narendra Modi announced the 21-day lockdown, restricting public gatherings and movement.

The company said it is in touch with merchant partners to provide them assistance. News

Coronavirus effect: SpiceJet sends most of staff on unpaid leave

Analysts say that only those airlines in India can survive the cash-burn during a lockdown that have substantial cash on their books.

SpiceJet is yet to take a call on whether its staff will be paid during the rest of the lockdown. News

IndusInd Bank to go slow on loan growth, focus on retail

The bank also flagged off risks to its asset quality from the prevailing situation of a nationwide lock-down amid the spread of the Covid-19 pandemic.

IndusInd Bank’s shares ended at Rs 351.15 on the BSE on Tuesday, 14.68% lower than their previous close. News

ArcelorMittal cutting down on production

The global escalation of Covid-19 and the measures introduced by governments worldwide to contain the virus were negatively impacting economic activities and industrial supply chains in many parts of

In India, along with its joint venture partner Nippon Steel, ArcelorMittal has pruned its production at the Hazira facility in Gujarat. News

COVID-19 lockdown: Jio, Vodafone Idea offer prepaid validity extension for low-income feature phone subscribers

The development came after the Telecom Regulatory Authority of India (Trai) earlier asked all telecom operators to extend the validity of talk-time of their pre-paid subscribers so that they continue

There are around 500 million smartphone users in the country and there are users on the 4G network who recharge through online mode and are not affected by the lockdown. News

Sebi imposes Rs 1 crore fine on Yes Bank’s two promoter entities for disclosure lapses

It was alleged that by not making requisite disclosures of encumbrances of shares of Yes Bank to the stock exchanges and the lender, the two promoter entities have violated the provisions of SAST (Sub

Banking & Finance News

Coronavirus impact: India’s retail trade incurs losses worth $30 billion last fortnight

The country's retail sector, comprising 70 million small, medium and big traders employing 450 million people, undertakes a monthly business of about USD 70 billion (approximately Rs 5.2 lakh crore),

Industry News

OYO, Byju’s, Zomato top startup funding in Q1 2020 even as Coronavirus drags down PE/VC deals by 36%

The fall is also significant with respect to the deals made. From 249 deals in Q1 2019 and 227 deals in Q4 2019, the volume decline to 164 deals in Q1 2020.

Industry News

Coronavirus lockdown: Internet Archive now lets you read over 1.4 Million copyrighted e-books for free

As the people across the world remain quarantined in their house, an American digital library Internet Archive has taken an initiative to help entertain them at home with 1.4 million books.

Industry News

Disney+ Hotstar finally arrives in India on April 3: plans, prices and all details here

Hotstar is revising its price tiers, albeit only slightly, in India to make way for Disney+ content.

disney News

Coronavirus lockdown: Reliance Jio offering 100 minutes of free talktime, 100 free SMS to users but there’s a catch

Billionaire Mukesh Ambani's Reliance Jio on Tuesday offered its users 100 minutes of free talktime and 100 free SMS till April 17, 10-times more than its rival have offered as help to the distressed d

reliance, reliance jio, agr News

SBI employees to give Rs 100 crore to PM’s coronavirus fund; other PSUs also chip in

The government-run State Bank of India’s employees will part with two days salary to contribute to Prime Minister Narendra Modi’s PM Cares fund.

Industry News

COVID-19 pandemic: ONGC, IOC, other oil companies contribute over Rs 1,031 cr to PM CARES Fund

ONGC was the top contributor with Rs 300 crore, followed by IOC chipping in Rs 225 crore. Privatisation-bound Bharat Petroleum Corp Ltd (BPCL) provided Rs 175 crore, while Hindustan Petroleum Corp Ltd

In Noida, ONGC employees at their personal level handed over 100 food packets to the police, he said. News

Govt asks steel PSUs to deposit CSR money in PM CARES fund; extra amount will be offset later

8 steel PSUs including SAIL, RINL, NMDC, MOIL, MECON, KIOCL, MSTC, and FSNL, will deposit a total of Rs 267.55 crore CSR fund in the PM CARES fund.

PM CARES fund, steelpsu, dharmendra pradhan, steelminister, coronavirus, covid 19 News

From Swiggy, Amazon to Snapdeal, Paytm, e-retailers guard delivery staff, sellers to sustain lockdown

The online retail sector, which recorded $33.5 billion in sales in 2019, was expected to grow 26 per cent to $42.21 billion this year. However, the forecast is now down to just 5 per cent to $35.1 bil

Industry News

Coronavirus lockdown: Centre asks states to ensure normal functioning of banks, ATMs

In view of these facts, the home secretary said, necessary instructions may please be issued by the state governments and Union Territory administrations to their field functionaries to ensure that ba

He however, said smooth banking operations and related activities across the country are essential. News

Coronavirus: ArcelorMittal working to provide medical, safety equipment

It said it will endeavour to maintain reduced operations to meet customer requirements in those countries where demand for its products continues.

The company further said it has also contributed its 3D printing expertise to a global effort focussed on developing a 3D printed ventilator prototype. News

SpiceJet’s Ajay Singh to bear 30% salary cut for March; other employees will also get lesser pay

Budget carrier SpiceJet has announced a 30% salary cut for its top management as the aviation business remains one of the worst hit sectors in the country.

coronavirus update, coronavirus flights, coronavirus flight domestic, spicejet flight, spicejet owner, spicejet status, indigo airlines News

BPCL disinvestment delayed: Govt extends bid deadline; check new date

The government had earlier this month invited expression of interest (EoI), or bids showing interest in buying its stake, by May 2.

Accordingly, the last date for submission of written queries has been pushed back to May 16 from the earlier deadline of April 4. News

COVID-19: Banks sensitise branches on EMI moratorium, other RBI relief measures

Banks on its own unilaterally cannot stop ECS payment due to legal issue but the customer has the option of requesting bank to stop it, Rai said.

With banks clarifying their positions on EMI moratorium, it will help clear doubts of customers who were confused after getting payment reminders from lenders. News

Covid-19: Samsung, LG to provide preventive kits, other electronic products to hospitals in India

Electronic majors Samsung and LG have pledged to offer products and protective equipment like surgeon gown, face masks, glove, refrigerators, water purifiers, among others, to hospitals.

Industry News

ITC’s perfume plant will now make Savlon sanitisers as demand zooms amid coronavirus

FMCG major ITC has deployed its Himachal-based perfume plant to manufacture Savlon hand sanitisers as demand shoots up amid the coronavirus scare.

Industry News

Coronavirus lockdown: Vodafone Idea extends prepaid validity for low-income subscribers using feature phones till April 17

Vodafone Idea on Tuesday announced extension of validity on prepaid plans availed by low income customers using feature phones till April 17, and Rs 10 talktime credit to help such users stay connecte

vodafone idea, bharti airtel News

Microsoft 365 uses AI to help deepen people connections in time of novel coronavirus, available from April 21

Microsoft 365 Personal and Family (of six) subscriptions will be available for buying worldwide from April 21 at a price of Rs 4,199 and Rs 5,299 a year.

microsoft News

Ola to help pay household expenses of drivers impacted by lockdown; announces micro credit scheme

Ola will disburse these loans via microfinance company Avail Finance to drivers across its categories including Ola Auto, Ola Rentals and Outstation.

Industry News

Don’t worry, India will manage coronavirus crisis: Biocon MD Kiran Mazumdar-Shaw tells what to do

Mazumdar-Shaw expressed the view that the government should have pulled in the private sector earlier in the battle against the respiratory disease but now that it has been brought in, it has got into

coronavirus crisis, Biocon MD, Kiran Mazumdar-Shaw, COVID-19 cases, COVID-19 test coronavirus positive cases, latest news on coronavirus outbreak News

Infosys CEO says time for govt, businesses to unite as coronavirus poses one of toughest challenges ever

With the whole world battling against the rise of coronavirus, Infosys CEO and managing director Salil Parekh emphasised on the need for businesses and governments to work together.

most valued companies, Infosys, Reliance Industries Limited, Tata Consultancy Services, HDFC bank, bharti airtel, ITC News
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