Business news

Coronavirus layoffs: Cure.fit fires 800 employees, plans to go all-virtual

Soon after its launch in 2016, it has attracted huge support helped by its state-of-the-art group fitness sessions and celebrity endorsements.

May 4, 2020

How India's lockdown has hit Amazon the hardest internationally

The Indian government has directed the e-commerce platforms to sell only essential goods during the lockdown period that is on till May 3.

May 1, 2020

Maruti Suzuki records zero sales in April due to coronavirus lockdown

Maruti Suzuki India on Friday, May 1, reported zero monthly domestic sales for the first time ever in April, as the country remained under lockdown to contain the spread of the coronavirus.

May 1, 2020

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Indiabulls harasses employees opting-out of 'voluntary' deduction, no salary credited

Other employees, who have opted for a deduction in their CTC, have received their salaries.

Apr 30, 2020

RIL employee pay-cut is bad news for Indian businesses

During this unprecedented pandemic, a multi-dollar company like Reliance Industries Limited doing pay cuts is indeed worrisome; other companies will follow the trend leaving thousands affected

Apr 30, 2020

60 days for H1B visa holders will end by June: What if India doesn't lift flight ban until then?

While the US Citizenship and Immigration Services recognises that nonimmigrants may have to unexpectedly remain in the United States beyond their authorised period of stay, the clock has got ticking for H1B immigrants to leave the US by June.

Apr 29, 2020

Indiabulls group asks employees to take 20-50% pay cut, effective April 1

Meanwhile, the Indiabulls group had donated Rs 21 crore to the PM-CARES Fund to support the central government's move to combat the Covid-19 outbreak.

Apr 29, 2020

British Airways to lay off 12,000 employees as losses loom over airlines' fate

British Airways' parent IAG announced on Tuesday that it will be letting go of 12,000 of its employees as a result of the coronavirus pandemic.

Apr 29, 2020

Amazon urges Indian government to allow delivery of non-essential goods

As the lockdown cripples almost all small scale businesses, there have been accusations against e-commerce players such as Amazon on monopolising business given their robust supply chain.

Apr 28, 2020

TRAI issues recommendations, calls out BARC to bring in structural reforms to improve TRP credibility

The Telecom Regulatory Authority of India (TRAI) has issued a slew of recommendations, calling out to BARC to take them seriously and put to action the measures suggested for improved credibility, transparency, efficiency, reliability and enhanced accuracy of the audience viewership data and TRP measurement system in India.

Apr 28, 2020

Equity indices turn flat as Sensex, Nifty shed early gains

Shares of Indusind Bank surged 10 per cent following the private-sector lender's quarterly results after the bell on Monday.

Apr 28, 2020

Coca-Cola and Pepsi Products ban, Kerala Coca-Cola and Pepsi ban

Increment matlab Coca-Cola; 7-8% salary hike to 7,000 employees

Coca-Cola's company-owned bottling partner in India, HCCB has announced a salary increment to all of its direct employees despite the economic slowdown in the country.

Apr 28, 2020

Rags to riches and back, BR Shetty, NRI billionaire, until he wasn't

From rags to riches and back, the story of NRI billionaire Bavaguthu Raghuram Shetty might seem like just another one on the face of it, but there's a lot more untold and unspoken about the man who rose to fame, glory and amassed a fortune of $4.2 billion in 2018, according to Forbes. Here's unravelling the mysteries and the mistakes that led to the phenomenal rise and unbelievable fall of a sprawling empire into a debt trap.

Apr 27, 2020

Govt mulls Rs 3-lakh crore loan guarantee for small businesses, reveals report

Small businesses will be eligible for an additional 20% of their outstanding credit limit, which will be fully backed by the government.

Apr 27, 2020

What RBI's Special Liquidity Facility mean for the mutual funds industry?

The Covid-19 outbreak and the Franklin Templeton fund closure has necessitated RBI to step in and ease liquidity pressures on mutual funds by announcing Rs 50,000 crore Special Liquidity Facility.

Apr 27, 2020