Companies

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

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

Facebook-Reliance Jio deal a 'game changer' for tech sector: What does this mean for India Inc?

Facebook has entered into a partnership with Reliance Jio to acquire a 9.99 percent minority stake for an investment of Rs 43,574 crore. What does this deal mean for India Inc.? Are we on the anvil of a bigger digital transformation?

Apr 22, 2020

American tech giant Cognizant hit by 'Maze' ransomware attack

Cognizant said in a statement that it was taking steps to contain the security incident, with the help of cyber defense companies, and has also engaged with law enforcement.

Apr 19, 2020

Indian H1B visa holders have 60 days to leave US without job; USCIS could make exceptions

According to the Indian context, non-immigrant visas refer to B-1 and B-2 visa holders in the US for business or travel purposes, F-1 visas are issued to students, J-1 visas are for mainly research scholars and physicians, H-1B visas for IT professionals and L1 for intracompany transferees in a managerial or executive position.

Apr 18, 2020

TCS won't lay off employees amid COVID-19-led economic slowdown

While there won't be any increments in salary, TCS will go ahead with the campus offers it has made this year, which stand at 40,000.

Apr 16, 2020

With $10 billion cash in hand, cab aggregator seek crowdfunding for drivers

Due to the global pandemic of COVID-19, it has estimated a $1.35 billion loss EBITDA in the middle of the range for 2020.

Apr 15, 2020

Lockdown effect: Govt may rejig law to allow 12-hour long shifts in factory

As per the proposed changes, the companies will be allowed to extend their daily shift from an existing 8 hours, six days a week (or 48 hours) to up to 12 hours, six days a week (72 hours).

Apr 11, 2020

MCA clarifies: Why donate to the PM-CARES fund over State and CM Relief funds for Covid-19?

The Ministry of Corporate Affairs has offered clarification on donations made for Covid-19. The PM Cares fund qualifies as a CSR expenditure under item (viii) Schedule VII of the Companies Act, 2013, while other state and CM relief funds are not admissible as a CSR expenditure.

Apr 11, 2020

Japanese Giant To Back Kudroli World By Investing USD 43 Million With A 30% Stake In It Inbox

when this deal is officially announced, it would be interesting to see what new Kudroli World will bring to the table for the consumers.

Apr 5, 2020

BigBasket partners with Uber for last-mile delivery in Bengaluru, Noida, Hyderabad and Chandigarh

With coronavirus lockdown posing challenges to procure essentials, the e-commerce vendor BigBasket has partnered with Uber to facilitate last-mile delivery of necessities in Bengaluru, Noida, Hyderabad, and Chandigarh.

Apr 3, 2020

Ola Cabs supports drivers during Covid-19

Indian startups pull out all stops to make a difference amid Coronavirus crisis

As the coronavirus spreads across global frontiers, startups are forced to deal with nationwide lockdown, working capital issues and liquidity crunch challenging their continuity plans and short-term growth goals. Despite these, Indian startups leave no stone unturned to extend their funding support and collaborative efforts to root out coronavirus pandemic from the system. Here's a sneak peek on few startup contributions:

Mar 28, 2020

India Inc. set to increase its CSR spends to combat Covid-19

With the Ministry of Corporate Affairs approving funds spent by organisations on preventative care, medicines, medical equipment, disaster management and provision of infrastructure as an eligible CSR activity, India Inc. seems to have pulled out all stops to reach out to the needy and those at the frontline by increasing their CSR spends in fight against Covid-19.