Indians Are Taking To Stock Market Investing As Coronavirus Has Hit

Indians Are Taking To Stock Market Investing As Coronavirus Has Hit

  The coronavirus lockdown has hit most businesses hard — people aren’t visiting malls and theatres, they aren’t taking cabs, and they aren’t booking flights and trains. Businesses have suffered as a result — companies ranging from BookMyShow to Ola to MakeMyTrip have laid off employees, anticipating a prolonged period of lackluster demand. But even as most businesses are struggling during the pandemic, some others aren’t complaining.  With people cooped up at home, stock market…

Video Of Hundreds Of Parked Bounce Bikes Shows How Hard Mobility Companies Have Been Hit By The Coronavirus

Video Of Hundreds Of Parked Bounce Bikes Shows How Hard Mobility Companies Have Been Hit By The Coronavirus

It’s no secret that India’s startups and companies are struggling amidst the coronavirus pandemic, but sometimes it takes a single video to show how big the problem really is. A Twitter video has shown hundreds of Bounce bikes parked in a field, presumably near Bangalore. The 12-second video shows Bounce’s trademark yellow and red bikes parked next to each other as grass grows around them. The video appears to have been first shared on TikTok,…

Patanjali’s Ayurvedic Corona ‘Cure’ Under Govt’s Radar, CEO Says All Details About Its Efficacy Submitted

Patanjali’s Ayurvedic Corona ‘Cure’ Under Govt’s Radar, CEO Says All Details About Its Efficacy Submitted

Yesterday Patanjali Ayurved, the Indian Ayurvedic FMCG brand led by Yoga Guru Baba Ramdev, launched Coronil, an Ayurvedic preparation claiming to be a cure for Covid19. The product purported as a “first and foremost evidence-based Ayurvedic medicine for Covid-19” was launched with much fanfare and media blitzkrieg with a press conference headlined by Baba Ramdev himself and Patanjali CEO Acharya Balkrishna. “We’re very proud to announce the first evidence and research based Ayurvedic Covid19 medicine, …

Blow to Indians as Trump Suspends American H1-B, J1, L1 and H4 Visas Until Dec

Blow to Indians as Trump Suspends American H1-B, J1, L1 and H4 Visas Until Dec

The US administration under President Donald Trump issued an executive order on Tuesday that suspends issuance of fresh H1B and other work visas until the end of the year. The order is part of an immigration policy overhaul that also seeks to put a temporary freeze on the lottery system that grants ‘Green Cards’ or citizenships to immigrants.  “We have a moral duty to create an immigration system that protects the lives and jobs of…

Zomato Parts Ways With Drone Startup It Had Acquired In 2018

Zomato Parts Ways With Drone Startup It Had Acquired In 2018

India’s food delivery companies are quickly getting approvals to test their drone delivery technology, but it doesn’t mean that it’ll all be smooth sailing to the skies. Zomato has parted ways with TechEagle, the drone startup it had acquired in December 2018. A Zomato spokesperson confirmed that the two companies would now operate as separate entities. “The company is thankful to Vikram for building a strong engineering foundation for its drones team, but we are no…

Amazon, Big Basket To Begin Delivering Alcohol In West Bengal

Amazon, Big Basket To Begin Delivering Alcohol In West Bengal

The coronavirus pandemic has dealt severe blows to several industries — commercial real estate, cab companies, and movie theatres are struggling from the effects of the global lockdowns. But the pandemic has also opened up business opportunities that would’ve been thought unthinkable until as recently as 6 months ago. Amazon and Big Basket have become the latest companies to foray in the alcohol delivery sector. Both companies have got go-aheads from the West Bengal government…

Mercedez-Benz India To Mandate Three Days Of Office, 2 Days Of WFH After Covid Crisis

Mercedez-Benz India To Mandate Three Days Of Office, 2 Days Of WFH After Covid Crisis

As companies straggle back to their offices after the Covid lockdown, new working patterns are slowly beginning to emerge.  Mercedez-Benz India is looking to mandate only three working days in the office per week while having two days of work-from-home (WFH), as it resumes operations in its corporate office and factory. “The new normal is a mix of online and offline. The new normal is a mix of both. I am impressed with how well it works….

Reliance Is Officially Debt-Free, Announces Mukesh Ambani

Reliance Is Officially Debt-Free, Announces Mukesh Ambani

Just over a year ago, Reliance Chairman Mukesh Ambani had told shareholders during his company’s AGM that Reliance would be debt-free by 31st March 2021. With nearly 9 months to go for the deadline, he’s already made good on his promise. Reliance Chairman Mukesh Ambani has announced that his company is now net debt-free. “I have fulfilled my promise to the shareholders by making Reliance net debt-free much before our original schedule of 31st March 2021,”…

How The Anti Made-In-China Movement Is Rising In India Post The Ladakh Border Skirmish

How The Anti Made-In-China Movement Is Rising In India Post The Ladakh Border Skirmish

Days after the military standoff between the Indian army and the Chinese troops at the Galwan valley in Ladakh in which India lost over 20 of her soldiers, India’s citizens are rallying to stand up against China. While the Indian army beefs up at its protection from Chinese intrusion at the border, the ordinary Indian wants to hit China where it hurts the most – its might as a global economic power and a major…

CavinKare Shuts Down Corporate Offices, Says Entire Company Will Now Work From Home

CavinKare Shuts Down Corporate Offices, Says Entire Company Will Now Work From Home

It’s not only tech companies that are onboard the work-from-home bandwagon — even FMCG companies are joining in. CavinKare, which runs several brands across dairy, foods, snacks and personal care, has said that it’s shutting down its entire corporate office, and all employees will work from home. “We have shut down our corporate office and closed all four branches. We see no need for it,” said CavinKare founder CK Ranganathan. “We have called for bids from tenants…

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