The Sharjah-based airline, which has about 2,000 employees, did not say how many employees had been affected. It laid off 57 employees in May. The latest job cuts were a "last alternative" after the airline took a series of steps in past months to protect jobs, the spokesman said, without elaborating.
Coronavirus lockdown took a massive toll on the wedding industry in Gujarat’s Vadodara. Marriage decorators are facing hardships to revive their businesses in market. They are suffering loss due to COVID-19 outbreak. There are 12,905 confirmed cases of coronavirus in Gujarat. According to the Ministry of Health and Family Welfare, the total number of COVID-19 active cases are 66,330 and 3583 deaths in India.Covid-19 impact: Lockdown takes toll on wedding industry in Vadodara
Placement firm TeamLease Services has received 22,367 resumes in May from hospitality sectors alone, up a staggering 444 per cent from 4,109 in the previous month. Professionals who are proactively looking out have either been handed out pink slips or are facing job threats as their companies take the restructuring route, said executives aware of the matter.
Boeing is cutting more than 12,000 jobs through layoffs and buyouts as the coronavirus pandemic seizes the travel industry, and more cuts are coming.Covid-19 impact: Boeing slashes 12,000 jobs as virus seizes travel industry
The impact of COVID-19 is different in different territories, based on its severances and category of zone such as Red, Orange or Green, Bank of India said in a disclosure to bourses.
The company is expected to undertake cash preservation measures such as reduced capital expenditure (capex) and limited dividend payout in FY21, which shall support liquidity. Additionally, to preserve liquidity, Vedanta has availed moratorium on its term debt obligation as per RBI guidelines after approval from respective banks.
After the lockdown was imposed, imports of rough stones dried up, and nearly 70% of workers left.
Some marquee brands are looking at moving back to streets from malls because of Covid-19.
The travel industry is bracing itself for the new changes that will have to be factored in post lockdown.
Coronavirus impact on Oman. Oman asks firms to fire expats & hire locals. 7 Lakh Indians in Oman to bear the brunt.Covid-19 impact: Oman asks firms to fire expats, hire locals
Nestle India continues to witness demand for most of its products and its focus in the immediate period is to make sure that its products are available to consumers. It has also resumed operations at all its eight plants and distribution centres/warehouses.
A United Nations University study estimates that 104 mn Indians could fall below the World Bank-determined poverty line of $3.2 a day for lower-middle-income countries but the picture of where the Indian economy is headed should be a bit clearer tomorrow when the GDP data comes out.
Covid-19 hits the economy. Growth to slow. Check the sector-wise impact and the ratings by various agencies.Sector-wise impact of Covid-19 given by various ratings agencies
The annual influx of visitors is a concern for tourist spots around the world.
Airbus, after adjusting for different levels of labour intensity, has now calculated that its "single-aisle equivalent" production rate, which is likely to drive decisions on staffing, will be down 40% for two years, the sources told Reuters.
The phases of lockdown announced by the government witnessed a revenue shortfall of more than 60 per cent for the sector, creating an unprecedented crisis to the industry.
Interviews were conducted with women leaders and influencers, across corporates, SME organizations, as well as in education and the arts. Their responses all point in one unambiguous direction: that a new set of behavioural skills is needed for making the journey from survival to sustainability, in a post-COVID Indian ecosystem.
New Delhi, Apr 20(ANI): Reliance Foundation has scaled up its meal distribution programme under Mission Anna Seva to provide over 3 crore meals to marginalised and under-resourced communities across India. Under the programme, Reliance Foundation is providing cooked meals, ready-to-eat food packets and dry ration kits to families and bulk ration to community kitchens. The entire staff of Reliance Foundation is working together in the mission on a war footing to ensure that no Indian goes hungry during the lockdown period. RIL has contributed Rs 535 crore to various relief funds, including Rs 500 crore to the PM-CARES Fund. COVID-19 lockdown: Reliance to provide meals for 3 crore Indians
The Indian pharma industry has been a world leader in generics both globally and in domestic markets.
New Delhi, Apr 16 (ANI): Bollywood actor Salman Khan is deeply disturbed after reading about the growing violence against doctors and police personnel in various cities. Salman Khan said, “Doctors and nurses came to save you and you pelted stones on them, COVID-19 patients are running from hospital to nowhere, all these will not anyone.” “Because of some people all the citizens are suffering,” the actor further added and urged people to support the doctors and police personnel during this humanitarian crisisCOVID-19: Actor Salman Khan condemns attacks on doctors, police personnel
New Delhi: Uttar Pradesh Chief Minister Yogi Adityanath's father, Anand Singh Bisht, died this morning. Mr Bisht who was admitted to the All India Institute of Medical Sciences (AIIMS) in Delhi last month due to kidney problems died at 10.44 am.UP CM Yogi Adityanath not to attend father's last rites amid COVID-19 lockdown challenges
New Delhi, Apr 20 (ANI): Amid extended nationwide lockdown to curb the spread of COVID-19, many patients and their attendants are left stranded outside prestigious All India Institute of Medical Science (AIIMS) hospital in a night shelter due to lack of amenities. Patients those who were scheduled for appointment prior to implementation of lockdown are now nowhere to go as they don’t have access to transportation and basic amenities which force them to accommodate in a night shelter. For these people, life has come to a standstill and left with nowhere to go as they hope for relaxation from the lockdown to move ahead in life. Prime Minister Narendra Modi has extended nationwide lockdown till May 03. COVID-19 lockdown: Lack of basic amenities force patients to stay in night shelters in Delhi
"Our findings suggest that COVID-19 has impacted the decision of 48.46 pc students who aspired to study abroad in the recent past. However, there is a larger proportion of non-STEM (Science, Technology, Engineering and Mathematics) students who have reconsidered their decision to pursue higher education outside India," it said.
Confirmed coronavirus cases in India shot well past the 15,000 mark today, Health Ministry data updated at 8 am showed.The number of cases in the country stands at 15,712 at the moment. Casualties number 507 till now, while 2,231 have been listed as cured/discharged/migrated.As of 9 pm yesterday, a total of 3,72,123 samples from 3,54,969 individuals had been tested for the virus, according to latest data at Indian Council of Medical Research (ICMR) website.India now has over 15,000 confirmed Covid-19 cases
GSK Pharma said it has been able to smoothly manage supply chain operations during the period.
With the pandemic and the ensuing lockdown, demand for horticultural produce is likely to be impacted more than that of food grains. Food grains have the government's minimum support price (MSP) and procurement support, the report explained.
The prolonged lockdown along with rain and hailstorm in many regions has heightened rural distress, pushing anxious villagers to moneylenders — a situation which farm leaders say can trigger agitations and suicides unless farmers get quick relief.
At least, four companies told ET that they were thinking of reducing their temporary staff by 40-60% this month to rein in costs amid uncertainty due to the Covid-19 pandemic.
New Delhi, Apr 12 (ANI): Massive crowd was seen at a vegetable market in Delhi on April 12 amid nationwide lockdown in the wake of coronavirus pandemic. Delhiites were seen violating norms of social distancing while purchasing vegetables. On April 11, District Magistrate North directed DCP North West and Secretary APMC took all necessary measures to ensure social distancing protocol is followed at Azadpur Mandi and took strict action against those violating norms. There are total 903 confirmed cases of coronavirus in Delhi including 14 deaths. According to the Ministry of Health and Family Welfare, the total number of COVID-19 active cases surpassed 7,000 in India with over 240 deaths.COVID-19 outbreak: Delhiites violate ‘social distancing’ norm at Azadpur Mandi
Uttar Pradesh Chief Minister Yogi Adityanath Sunday said the state government does not intend to impose any new tax to deal with the economic impact of the coronavirus crisis. Replying to a specific question during a virtual press conference, Adityanath said, "We have started our economic activities, and it is moving on rapidly. As compared to the previous month, this month's revenue (collection) seems good." "There is no thought of imposing any separate tax, and our focus is to give more relaxation to the public. How to boost industrial activities while following social-distancing norms is our focus," he said. Watch now. (Text: PTI)No new tax in Uttar Pradesh to offset coronavirus' economic impact: Yogi Adityanath
Kerala govt report estimates a loss of about Rs 80,000 crore in GVA to the Kerala economy in Q1 (Apr-Jun) of 2020. For March, the shortfall in GVA could have been roughly Rs 29,000 crore. The direct and indirect losses in gross state value addition (GSVA), based on an input-output model, is estimated to be 10% in 2019-20 and 20% in 2020-21.
In the days following the lockdown, employment and the job market is expected to see a brand new normal.
The Indian-origin finance minister on Friday said the furlough, or forced leave, scheme, under which the UK taxpayer covered 80 per cent of the wages of nearly a million jobs, will begin to wind down with employers asked to contribute a "modest" proportion of those costs from August before it ends in October.
Covid-19 crisis: MoHFW issues a 17-point guideline to all central govt employees. Details by TIMES NOW's Mohit Sharma.Covid-19 crisis: MoHFW issues guideline to all central govt employees
In terms of business impact of the lockdown, HUL said it has severely impacted the FMCG market and the loss of livelihoods has taken a substantial toll on consumer demand.
The company is in the process of selling its rail business to French TGV high-speed train maker Alstom for up to 6.2 billion euros ($7.02 billion), and said last month that the deal has not been affected by the coronavirus crisis.
According to market research company YouGov's 'global COVID-19 public monitor', confidence in the recovery from the pandemic is high in countries like China, Vietnam and Taiwan, while it is the least in India, Mexico and the Philippines. Along with India, majorities in the Philippines (55 per cent) and Indonesia (53 per cent) also believe that things are still on the decline.
Detailing the government's plan to contain local outbreak of coronavirus, Lav Agarwal, Joint Secretary, MoHFW, underlined that the affected areas have been divided into two zones- Containment zone and Buffer Zone. The containment zone has been divided into sectors with 50 houses each (30 houses in difficult areas) emphasised Agarwal. The cluster-containment strategy has yielded positive results, said the officialCOVID-19: Government identifies 170 hotspot districts
London, Jun 5 (AP) Luxury British carmaker Bentley is to cut up to 1,000 jobs and has warned of more to come as it tries to limit the damage caused by the coronavirus pandemic.
While Bata India has stalled plans to open any new store in the next 3-6 months, the footwear maker has invested in expanding its product portfolio to stay relevant. The company recently launched new verticals such as Work-From-Home range with slip-ons and sandals, a collection of washable footwear, and anti-viral masks for adults and children.
Several recruiters made alternate arrangements to start the internship as per their original commitment via digital media, leveraging their IT capabilities. Some others deferred the joining dates to April 13 or April 20 to deal with emerging challenges of the lockdown. At this time, 90 per cent of the employers are expected to start their internships by April 20.
The survey focuses on three major dimensions. The responses highlight the importance of attributes such as perseverance, grit and resilience for human centric firms. Interestingly, creativity, imagination, or appreciation of aesthetics and beauty – which characterize talent – didn’t feature in the top 3 skills for the future.
Noida: Two recovered COVID-19 patients relapse and have been admitted to the hospitalCOVID-19 crisis: Two recovered patients get relapse bout, admitted to Noida hospital
"We are conscious of the dealer business conditions in various parts of the country and we have been prioritising production at our end as per dealer requirements, both in terms of quantity as well as the grades that they require," TKM Senior Vice President, Sales & Service, Naveen Soni said.
The Uttar Pradesh government has signed a memorandum of understanding with real estate apex body, the National Real Estate Development Council (Naredco), to provide employment to returning migrant workers.
The movie industry's biggest night is currently scheduled for February 28.
Chinese Govt restricts publications on the origin of COVID-19.Details by TIMES NOW's Athar Khan.Chinese Govt restricts publications on the origin of COVID-19
Mumbai: At least 20 sailors of the Indian Navy at INS Angre have tested positive for Covid-19 in Mumbai on Saturday. The INS Angre is a shore based logistics and shore-based support establishment of the Western Naval Command.COVID-19 crisis: Over 20 Navy sailors in Mumbai test positive for coronavirus
Aviation minister says sector will recover quickly as the country has a huge captive market.
A senior police inspector from Thane police commissionerate tested positive for coronavirus in Nasik hospital on Saturday.Maharashtra fights Covid-19: Thane Police officer tests positive, 35 cops quarantined
Six persons including Anand Paranjpe, Thane city NCP president tested positive for Covid-19 on Tuesday, It is suspected that Paranjpe may have been infected during one of two recent visits to state housing minister Jitendra Awhad’s residence.TIMES NOW's Aruneel with detailsMaharashtra: NCP leader Anand Paranjpe tests positive for Covid-19
Budget passenger carrier SpiceJet on Thursday said that it will pay part salaries to over 92 per cent of its employees and t hat there will be no job cuts at the airline. "In these extremely challenging times when no passenger flights have opera ted for over a month resulting in our primary revenue source drying up completely, SpiceJet has decided that there would be no job cuts at the airline at this time," the airline said in a statement.Covid-19 crisis: SpiceJet to pay part salaries to 92% of employees, no job cuts
Zomato, a unicorn in the online food delivery space, will let go of 13% of its workforce and cuts salaries across the organisation to tackle the COVID-19 India crisis. The company has around 4,000 employees in different roles. Here's a report by ET NOW's Chandrar Srikant. Watch.COVID-19 impact: Zomato to layoff around 13% employees and cuts salaries across organisation
Sixteen fresh COVID-19 positive cases have been reported in Noida.Details by TIMES NOW's Siddhant.Noida: Sixteen fresh Covid-19 positive cases have been reported
If we ignore biases in data sets and analysis, it will hamper the efforts to defeat the virus.
In desperate attempts to ensure their survival through coronavirus, many companies and businesses have already taken painful measures such as pay cuts and layoffs. The working class has been an apprehensive lot, dealing with or preparing to deal with the covid-induced pain. ET Online's Shambhavi Mehrotra brings you the answers to career-related questions that may be troubling you and tips to protect your finances, regardless of whether you've fallen prey to a pay cut or not.Covid and your career: Answers to your job worries and tips to protect money
COVID-19 curve in India crosses the 9,000 mark. The total number of deaths reported in the country stands at 308India's Covid-19 count crosses the 9,000 mark
Congress leader Priyanka Gandhi Vadra said it is imperative for India to immediately ramp up its rate of testing for coronavirus and that the government must act now for the lockdown to yield results. The Congress general secretary asserted that extremely valuable information about the severity of the disease, disease clusters and focal points is gained from testing."It is imperative that India immediately ramps up its rate of testing. Extremely valuable information about the severity of the disease, disease clusters and focal points is gained from testing," she said in a tweet.Covid-19: Priyanka Gandhi calls for large scale testing
Infosys, co-founded by Sunak's father-in-law Narayana Murthy, said it had used the furlough - or forced leave - option for 3% of its staff in order to tide through the lockdown. "In light of the current situation, Infosys has furloughed 3 per cent of its UK workforce. We are reviewing this on a weekly basis,” Infosys told ‘The Sunday Times'.
New Delhi, Apr 06 (ANI): Jain temples are closed on the occasion of ‘Mahavir Jayanti’ in national capital on April 06. Shri Digambar Jain Ratnatraya Jain Mandir in Delhi’s Dwarka is closed due to coronavirus lockdown.Covid-19: Jain temples closed on occasion of ‘Mahavir Jayanti’ amid nationwide lockdown
To contain the spread of COVID-19, Ahmedabad, the second-worst coronavirus affected city in India, has decided to go completely digital to prevent the spread of the pandemic through currency notes. As part of the preparatory strategy post-lockdown period, all retail and home delivery agencies have been contacted and asked to get 100 per cent screening of their delivery staff, according to an order.Covid-19 impact: Ahmedabad decides to go digital to prevent spread through currency
akistan skips virtual Saarc meet on overcoming Covid-19 impact on regional tradePakistan skips SAARC trade meeting on Covid-19
MHA writes to State Home Secys to keep an eye on the detention centres across the states.Details by TIMES NOW's Nikunj Garg.COVID-19 crisis: MHA writes to State Home Secys to keep an eye on detention centres across states
In the wake of the coronavirus pandemic, the world is changing rapidly. From masks becoming a fashion accessory, to social distancing becoming the norm, our culture is being impacted in multiple subliminal ways. Our workplaces are not far behind.
Gurugram (Haryana), Apr 12 (ANI): A drive-through sample collection centre has been set up in Haryana’s Gurugram to ease COVID-19 tests. This initiative was started by Healthians lab on April 11 along with Municipal Corporation of Gurugram. Any person can apply for COVID-19 test by filling their details online. The facility has been established in collaboration with the Healthians testing group at Tau Devi Lal Stadium. While speaking to ANI, the Commissioner of Municipal Corporation of Gurugram, Vinay Pratap Singh said, “One can apply for the test by filling details online. The patient can drive on own or can be accompanied by another person.” “It takes about 1-2 minute to collect nasal or throat swab and the reports will be given online. It is compulsory for those who want to be tested for COVID-19 to obtain a prescription from a registered medical practitioner,” he added. There are total 177 confirmed cases of coronavirus in Haryana including three deaths and 29 cured. According to the Ministry of Health and Family Welfare, the total number of COVID-19 active cases rose to 6634 in India and 242 deaths.Haryana: Drive-through COVID-19 testing facility launched in Gurugram
The novel coronavirus has infected 8,356 people in India, killed 273, as per the latest update by the Union Health Ministry. According to the latest data available 909 new cases were reported in the last 24 hours, 34 people have died of the infectionIndia's Covid-19 count crosses the 8,000 mark
Nashik (Maharashtra), Apr 09 (ANI): The dairy farmers in Maharashtra’s Nashik are facing losses due to the lockdown. Nationwide lockdown has been imposed in backdrop of COVID-19 outbreak. Milk price dipped to almost half amid pandemic and farmers are forced to sell the milk at low prices. While speaking to ANI, one of the farmers said, “We used to sell milk at Rs 50-55 per kg, now we have to sell it at Rs 30-35 per kg. The demand is low as hotels and tea stalls are closed. It is becoming difficult to manage expenses.” There are total 1574 confirmed cases of coronavirus in Maharashtra including 110 deaths and 188 have been cured.Covid-19 outbreak: Dairy farmers facing losses amid lockdown in Maharashtra’s Nashik
The International Air Transport Association (IATA) said its latest estimates indicate a worsening of the country impact from the COVID-19 crisis in the Asia-Pacific region. About India, IATA said the pandemic is expected to potentially impact 29,32,900 jobs in the country's aviation and its dependent industries.
The survey conducted by LocalCircles, a community social media platform, received around 40,000 responses on five questions related to public perception of government and private hospitals for COVID-19 treatment.
Based on assessments made by different analysts and industry body Ficci, here is an impact analysis in healthcare sector.
72 people in South Delhi were quarantined after a pizza delivery man tests positive for Coronavirus. TIMES NOW's Parvina with details.COVID-19: Pizza delivery man tests positive in south Delhi; 72 quarantined
Except keeping schools, colleges, movie halls, the panels want lifting all other lockdown curbs.
Production cuts will be most in premium portfolio as consumers curb discretionary spending.
More and more families hit by the Covid storm are seeking shelter under MGNREGA.
BMC has temporarily converted the National Sports Club of India’s (NSCI) dome in Worli into a massive quarantine cum observation facility. Details by TIMES NOW's Aruneel.Covid-19: NSCI dome in Worli turned into quarantine facility
After years of working almost exclusively on long-term projects and pushing day-to-day management to his deputies, Bezos, 56, has turned back to the here-and-now problems facing Amazon, the company said, as the giant retailer grapples with a surge of demand, labor unrest and supply chain challenges brought on by the coronavirus.
TCS, Infosys and HCL will be hit by the reduced technology spending by clients in the US and Europe.
Indiana (USA), Apr 09 (ANI): Indian students from Surat who are stranded in parts of US have appealed for help and evacuation to the Indian government in wake of spread of COVID-19 in the country. One of the students said there are total 11 students from different states of India. Flight services are currently closed due to Novel Coronavirus.Covid-19: Indian students stranded in US seek govt help in evacuation
Big Bazaar said online or telephonic orders accounted for about 30% of the hypermarket’s sales, even as the bulk of sales continued to be through customers visiting stores even during the lockdown period.
Honda Cars India Ltd (HCIL) Senior Vice President and Director, Marketing and Sales, Rajesh Goel said that considering people will be extra careful against COVID-19, personal mobility will gain much more significance than shared mobility or public transport, and hence can contribute to sales.
The previous single-day highest spike of 1,163 fresh cases was recorded on May 30. This is the first time in Delhi when more than 1,200 COVID-19 cases have been reported in a day.
WHO cautions India saying that lockdown is not just enough to curb the spread of COVID-19. According to WHO, aggressive measures that include more testing are necessary, lockdown just buys more time.Lockdown not enough to curb the spread of COVID-19: WHO cautions India
Karnataka: Corona fears amongst farmers, wash currency notes in water fearing Corona transmission. Times Now's Imran Khan with details. Listen in!Karnataka: Farmers wash currency notes in water, fearing Covid-19 transmission
India is facing an unprecedented economic crisis, where some of the safe and traditional jobs are under the threat of being axed even as India breached the 2 lakh mark, with the highest spike of nearly 9000 cases in a day. Tough times ahead.
CEC Sunil Arora and two other ECs take a 30% salary cut for a year amid the COVID-19 crisisCOVID-19 crisis: CEC Sunil Arora to take 30% salary cut for a year
As the world is undergoing the impact of Coronavirus, the IMF has revised its global GDP growth estimate. ET Wealth studies how India is placed in this scenario.
The scope and speed with which the COVID-19 pandemic and economic shutdowns have devastated the poor around the world are unprecedented in modern times, World Bank Group President David Malpass said.
Defence Minister Rajnath Singh on Tuesday chaired a meeting of Group of Ministers on COVID-19.Home Minister Amit Shah, Minister of Information and Broadcasting Prakash Javadekar, Minister for Textiles and Women and Child Development Smriti Z Irani, Minister of Consumer Affairs, Food and Public Distribution Ram Vilas Paswan were among the Union Ministers present at the meeting.COVID-19: Rajnath Singh chairs meeting of Group of Ministers
82-year-old patient recovers from COVID-19 in Delhi. The patient will be discharged today. Details by TIMES NOW's Mohit Bhatt82-year-old patient recovers from COVID-19 in Delhi
In their study, researchers said traditional economic recovery estimates, such as surveys and interviews, are usually costly, time-consuming and do not scale-up well. However, the scientists were able to accurately estimate the downtime and recovery of small businesses in countries affected by three different natural hazards using aggregated social media data.
Kanpur (Uttar Pradesh), Apr 05 (ANI): Several researches are going on to curb coronavirus pandemic, which have killed 56, 985 people globally so far. Indian Institutes of Technology (IIT) Kanpur has also joined the fight against the coronavirus. Researchers are working on cost- efficient special antiviral coating masks, which may replace N95 masks whose price shoot upto Rs 500 in recent days. Researcher at IIT Kanpur, Professor Ramkumar said, “We developed an alternative material for N95 masks, and we are making it manually as we don’t have access to automatic machines due to nationwide lockdown. By next 2-3 days, we will start manufacturing of the masks.” The N95 masks filters at least 95% of airborne particles. It is said that healthcare workers who are expected to perform patient activities with those suspected or confirmed to be infected with COVID-19 to wear respiratory protection, such as an N95 respirator. Unlike a respirator, a surgical mask does not have an air-tight seal and thus does not protect its wearer against airborne particles such as virus material.Covid-19: IIT Kanpur to manufacture cost efficient antiviral coating masks
COVID has a deflationary impact because demand for non-essential goods and services will go down, he said.
United Nations reaches out to India as COVID lockdown prompts other fears.India assures the UN on all vaccines.TIMES NOW's Srinjoy Chowdhury with details.UN reaches out to India for global vaccine supplies as COVID lockdown prompts fears
Though the sales of the company is getting back to normal levels, the health crisis has imposed incremental operating costs on the business, said Tata Consumer Products Ltd (TCPL) in a regulatory filing.
A 6-month old toddler in Mumbai has successfully recovered from COVID-19 and has come back home amongst heartening cheers.Mumbai: 6-month old toddler has successfully recovered from COVID-19
With revenues nosediving due to Coronavirus lockdown, how will states recover and jump-start the economy? Here's a report from ETNOW's Ruchi Bhatia.Lockdown impact: Here's how states are planning to jump-start economy, ET NOW report
The actor's daughter was the first to contract mild Covid-19 with cough and cold for two days.
COVID-19 is upending the banking sector while simultaneously forcing it to transform radically.
Since early February, malls and retail stores witnessed a huge dip in footfall with nearly 20-25% drop in revenue. While post lockdown, most companies will have to tweak their layout, seating arrangements among other things, business model of cinemas will take time to change.
The overall perception on the crisis recovery is 'good' on health front and 'poor' on the economic front, said a report by market research firm TRA Research, which is into consumer insights and brand analytics.
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