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LOCKDOWN DOWNSIZING
SAP India renews lease for 100,000 sq ft office in VatikaTowers in Gurgaon“We can confirm that the company has extended their lease,” said Ritu Gupta, head-leasing, VatikaLtd. “This has been possible because the p...- Retail chicken prices touch Rs 200/kg and likely to stay firm for next three monthsAverage price of branded poultry feed has shot up to Rs 78,000 per tonne from about Rs 37,000 a year ago on soaring soyabean prices as soya...
- Law Ministry tele-consultation service now addressing queries related to pandemic, lockdownAccording to details provided by the Department of Justice in the Law Ministry, advocate Khrawkupar Kongjoh, a panel lawyer with the tele-l...
- Festive season supports India Inc’s return to normalcy: ICRAAs per an analysis by the ratings firm, after the unprecedented sharp degree of contraction in Q1 FY2021 due to the lockdown, pace of reven...
- Cube Highways pays Rs 5,011 crore to NHAI for TOT-3The Singapore-based firm had delayed the payment to the National highways building authority amid the uncertainties posed by Covid-19 outbr...
- Interactive English learning app for children, OckyPocky, raises funds from Lead Angels NetworkStarting with a "skills that matter" theme, OckyPocky plans to teach creativity, logical reasoning apart from teaching English to children.
- Likely disruption of production in the short term, due to coronavirus: HAL CMDThough HAL also expressed fears that downsizing of the defence budget and risk of economic recession can lead to difficulty in working capi...
- Cross-country surveys find Indians would go for sustainable travel, contactless entertainment after lockdown is lifted80% of Indian travellers think it’s important to consider sustainable accommodation when travelling.
- Apparel apex body urges government to impose levy on imported garments to survive COVID-19 crisisAccording to the submission made to the textile ministry and ministry of commerce and industry, the apex body has suggested a short-term du...
- Samsonite may pack up bags at 100 storesLuggage giant Samsonite is closing about a quarter of its India stores or more than 100 outlets as the company is severely stung by the imp...
- There is a tomorrow, and it looks a lot like yesterdayWhat happens to businesses on the other side of the pandemic? In preparing for the future, empathy towards your employees and less opportun...
- CureFit lays off hundreds, cuts pay across levelsWhile the company founders will forgo their salaries, the management team and other staff would be taking a 50-20% pay cut as part of a pla...
- Micro-entrepreneurs get going when it gets toughWhile this economy is likely to see a boost in the coming months, businesses around it, including payments and insurance, will also grow, e...
- Berger says no to job or salary cut during coronavirus crisisBerger said it has decided against any involuntary furloughs or organisational restructuring that may lead to downsizing of headcount and c...
- Swiggy to trim cloud kitchen team, up to 1,000 jobs at riskThe company plans to reduce its monthly cash burn to less than $5 million in the next few quarters from $40 million in May last year to con...
- Swiggy to trim cloud kitchen team, up to 1,000 jobs at riskThe company plans to reduce its monthly cash burn to less than $5 million in the next few quarters from $40 million in May last year to con...
- Can’t sack staff: Companies get lawyers’ noticeTwo lawyers have replicated the SC's PIL concept to suo motu issue notice to three IT cos for sacking staff.
- South Indian natural rubber sector suffers Rs 610 crore loss after lockdown: UpasiThe association has estimated a crop loss of 49000 tonnes valued at Rs 610 crore from the last week of March and April. The absence of rubb...
- Covid Lockdown: Retailers expect around 80,000 job losses, says surveyRetailers Association of India (RAI) had conducted a survey of 768 retailers, which employ 3,92,963 people across India, to gauge their vie...
- Cab aggregators startup, VAOO, fires four employees amid lockdownThe startup, which had reportedly raised $15 million from investors including Dev last year, offers free rides to users for watching target...
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