Top companies reported that despite most of them making staples and essential products, movement of raw material, goods and labour remained restricted, impacting sales.
Ironically, the Bangalore-based company had established itself as a major Information Technology powerhouse leveraging India's low-cost high-skilled manpower.
The labour force at large has turned less needy, due to various government financial incentives and freebies.
The company stated that it was taking steps for cost rationalisation across all businesses to maintain liquidity and due to a prolonged slowdown it had to take a few tough measures.
As its factories resumed operations after over two-month of grim battle against coronavirus, China is busy tapping into the vast business opportunities of export of key medical goods, specially ventilators and personal protection equipment (PPE), across the world, including India, where both private and government bodies are placing orders for the import of these products.
Smaller cities like Pune and Noida score better than 'Vibrant' Gujarat's Ahmedabad.
It said while Indian IT services companies were the "disruptors" and had created the modern offshoring industry, they are now incumbents, challenged by a host of specialised and niche start-ups that have emerged in the new digital environment.
Till the lockdown was imposed in March, more than 200 Zee staffers had spent over 2,500 hours across 28 regions in Punjab, Bihar, Madhya Pradesh, Karnataka, Tamil Nadu, Andhra Pradesh and West Bengal to understand the audiences. The effort paid off, again and again.
Adapting to the new hybrid normal of remote and office work, cautiously optimistic corporate are looking to hire more people and provide better appraisals in the new year as they step out of the pandemic-ravaged 2020. The coronavirus pandemic emerged as the biggest inflection point for the Indian job landscape. For the corporates, work-from-home and remote workers became the new normal and for the professionals, online learning and digital skills took centrestage.
From omnichannel to AI and 3D technology, the fashion industry is in the middle of a digital revolution.
'We are training people to learn AI, machine learning, robotics; it is just new programmes that teach them new things and the raw material, the people, are eager to learn.'
Finding an increasing pool of professionals being dismissed, start-ups and others are improvising to offer emotional support and career guidance.
Rough estimates show that at a rate of Rs 1 crore per hospital bed, the investment in India alone would be around Rs 2,000 crore
They are making switch to the high-growth alternative investments fund industry, reports Pavan Burugula.
As of now, 12 million Indians join the workforce every year.
Business Processing Outsourcing (BPO) and Knowledge processing Outsourcing (KPO) firms are covered by the retirement fund body EPFO, Parliament was informed.
They not only stitch the double-pocket shirts but also design and attach the trademark emblems on its sleeves.
India may adopt norms similar to the US Federal Reserve model, which regulates conglomerate-led banks in the country.
The defence ministry has lost sight of what it intended to achieve -- which was to nurture private defence firms that would compete on equal terms with the 9 defence PSUs and the 41 Ordnance Factory Board factories.
India, the world's third largest energy consumer, has enough petrol, diesel and cooking gas (LPG) in stock to last way beyond the three-week nationwide lockdown, as all plants and supply locations are fully operational, Indian Oil Corp (IOC) chairman Sanjiv Singh said.an Singh, who continued to oversee the mammoth operations of ensuring that fuel reaches every nook and corner despite the loss of his father on the day the 21-day lockdown was declared, said there was no shortage of any fuel in the country and customers should not resort to panic booking of LPG refills.
The bank introduces project 'Khoj' to re-hire 3,000 ex-workers over 18 months.
As Covid-19 cases surge in India, companies have realised it's a tightrope walk between maintaining production and ensuring employee safety.
With 15% customs duty hike on locally assembled vehicles, it is cheaper to import from Thailand, says India MD
Apart from fulfilling banking services, one can access more than 100 e-commerce sites, book tickets, and even pay for small value groceries through the app. The bank is now proposing to allow other banks to use this to serve their own customers.
"The underlining theme with which we have been working till now is that we trust the taxpayers and from purely an enforcement agency, we are shifting our focus to being a service-oriented department," says CBDT chairman Pramod Chandra Mody.
Micromax will invest Rs 300 crore on constructing new factories
Insurance companies are anticipating claims of at least Rs 500 crore from the incessant rains and flooding in Chennai.
'Access to finance is one of the most crucial needs in the economy.'
Oil Minister Dharmendra Pradhan said the new timing of the price change was agreeable to the dealers and so daily price revision will be implemented from June 16
The RSS chief's comment that if war broke out, the military would not be ready for at least six to seven months is correct as it faces a shortfall in training and alertness and an even greater lack of funds for defence preparedness, notes Ajai Shukla.
India's plan to buy futuristic tanks and infantry combat vehicles -- estimated to be worth Rs 80,000 crore to Rs 100,000 crore each -- will certainly intimidate Pakistan which already feels threatened by our vast tank strength.
From using Artificial Learning to Machine Learning to deploying drones food delivery platforms are going all out to reach the extra consumer, says Peerzada Abrar.
With the government asking the companies to operate with only 50 per cent staff strength, and exports dipping to almost zero, the truck and bus drivers idling at the petrol pump say they hardly have any work now. At a petrol pump on the deserted Bavla-Changodar highway near Ahmedabad in Gujarat, several trucks and buses are neatly parked in a row.
In the age of robots and automation, skills such as people management, coordination and negotiations will be relevant, says Babita Shekhar.
'There's a huge need for advancements in current security incident logging and monitoring practices.'
With a staff crunch, it seems the I-T department would now target only the big fish rather than go after small assessees.
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