World

Reserve Bank of India

Coronavirus scares: Contingency planning on top of the agenda for global financial firms

Large financial institutions and corporates are ramping up their contingency planning efforts to combat the spread of coronavirus amongst its staffers, which include telling them to self-quarantine for 14 days if exposed to someone suffering from the virus, deep cleaning of offices and splitting operations such that some staff can work-from-home in affected regions. Mar 12, 2020
Coronavirus in India

China's slowdown and disruption in supply: Impact of coronavirus outbreak on global trade

With the widespread coronavirus attack on a global rise, it is becoming increasingly difficult for businesses to sustain the growth momentum through the last few weeks. The trade and business in India has been worst hit by $348-million, according to a UNCTAD report. This is much lesser in comparison to the impact borne by the world's leading economies - the EU, the US, Japan and South Korea. Mar 12, 2020
Ritesh Agarwal

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
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