Companies

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.

Mar 28, 2020

Covid-19 outbreak: Cognizant to pay 25% extra of basic pay to Indian employees

One of the world's leading IT giants, Cognizant will pay the extra salary to its employees up to associate level in the wake of the Covid-19 outbreak.

Mar 27, 2020

Mother of all deals: Facebook may buy 10 percent stake in Reliance Jio

India has emerged as a major market for global tech giants with its increased mobile and internet penetration.

Mar 25, 2020

Government to count funds spent on fight against Covid-19 as CSR contribution

The amended Companies Act 2013 calls for the mandatory contribution of 2% of a company's average net profit in three years on CSR activities.

Mar 24, 2020

Reliance Industries (RIL) Chairman Mukesh Ambani

Free meals, 1 lakh masks per day, India's first Covid-19 hospital: RIL fights coronavirus in India

Mukesh Ambani led conglomerate has taken a series of measures to fight against Covid-19 which has already claimed more than 16,300 lives across the world.

Mar 24, 2020

Rotomac bank fraud case: SFIO arrests Rotomac director, 2 officials of Frost International

The Rotomac group has reportedly defaulted on loans of Rs 4,000 crore, whereas the Frost International group has defaulted on liabilities of Rs 3,500 crore, respectively, according to the SFIO.

Mar 20, 2020

Coronavirus impact: Rampant price gouging by third-party sellers on Amazon and Flipkart

To prevent price gouging amidst the coronavirus scare, Amazon has suspended 2,500 seller accounts and removed 530,000 "high-priced product offers" from its online marketplace, while Flipkart has issued advisory to its nationwide sales network stating - products to be priced right in the fight against Covid-19.

Mar 18, 2020

Flipkart, Unacademy, Meesho and Zerodha issue work from home mandate due to coronavirus

In one of corporate India's biggest work from home experiments battling the spread of coronavirus, Flipkart mandates its 11,000-strong workforce to work-from-home for the next three days. Also, Bengaluru-based startups - Fintech player Instamojo, edtech player Unacademy, Urban mobility platform Bounce, social commerce firm Meesho and Zerodha have asked their staff to mandatorily work from home.

Mar 13, 2020

No relief package for telcos 'under consideration': DoT to re-examine AGR documents

Ever since Mukesh Ambani led Reliance Jio Infocom entered the telecom market, the tariff has drastically reduced which in turn has affected the revenues of telecom companies

Mar 12, 2020

OYO clarifies 5,000 job cuts is not due to Coronavirus scare

Oyo issues coronavirus advisory to its employees and announces 5,000 job cuts globally. The job cuts are a part of the company's restructuring announcement in January 2020, and not owing to Covid-19 scare, an OYO spokesperson clarified.

Mar 5, 2020

Coronavirus scare: 5,000 Twitter employees encouraged to work from home amid Covid-19 outbreak

The social media company made it mandatory for all employees in Hong Kong, Japan and South Korea to work from home to curb the spread of coronavirus, while employees from other regions can choose to come to work from the office as needed.

Mar 4, 2020

Visa granted to spouses of H-IB Visa holders

EB-5 Visa: Indian startups planning to expand to US must shell out $50,000 extra

Indians looking forward to migrating to the US under the EB-5 or investor visa category will have to pay $50,000 extra from April 1.

Mar 2, 2020

IndiGo launches daily direct flights to connect Northeastern states under UDAN

To facilitate easy travel for passengers and boost connectivity in the Northeastern region, budget airline IndiGo launches daily direct flights on the Agartala-Aizawl-Guwahati route under the UDAN scheme.

Mar 2, 2020

Amazon set to take on rivals Swiggy, Zomato in India's food delivery biz

With the food delivery business gaining maximum traction in India, Amazon is all set to foray into the space and take on rivals Swiggy, Zomato and others by launching exclusive brands in partnership with restaurants. The food delivery business will kickstart in Bengaluru first in March.

Feb 27, 2020

Airtel prepaid recharge packs: Best plans with unlimited calls, data and more

Here are some hand-picked prepaid recharge plans offered by Airtel in India.