Coronavirus affect: FabHotels lays off over 100 staff, to split to 20% wage

While the founders will take a 25 percent cut, the company would be instituting a pay cut for other employees too based on CTC. Representative image Budget hotel chain FabHotels has laid off over 100 of its employees as a result of its ‘resource optimisation’ exercise. According to an impacted employee, over 100 employees of…

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Impact of faculty closures for COVID-19 on the US health-care crew and salvage mortality: a modelling explore

SummaryBackgroundThe coronavirus disease 2019 (COVID-19) pandemic is leading to social (physical) distancing policies worldwide, including in the USA. Some of the first actions taken by governments are the closing of schools. The evidence that mandatory school closures reduce the number of cases and, ultimately, mortality comes from experience with influenza or from models that do…

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Coronavirus impact: Air India closes reserving window till April 30

National carrier Air India has shut its booking window until April 30 and will review the decision as the situation in the country improves in the aftermath of the coronavirus outbreak.”We have stopped taking bookings from today [April 3] till April 30. This is just a precautionary step. We will review this as soon as…

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Coronavirus affect | Ingesting locations, cinemas, retailers ask of condo waivers until Would possibly perchance well additionally: Document

Major restaurant chains, retailers and multiplexes have written individually to mall owners asking for a waiver on rent till May, according to a report by The Economic Times.India is currently in a nationwide lockdown to contain the spread of the novel coronavirus, or COVID-19. All restaurants and multiplexes have been shuttered since the lockdown began…

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Covid-19 Affect: Half Of Nifty 50 Stocks Are Shopping and selling At Single-Digit Valuations

Bloomberg the Company & Its ProductsThe QuintBloomberg Bloomberg | Quint is a multiplatform, Indian business and financial news company. We combine Bloomberg’s global leadership in business and financial news and data, with Quintillion Media’s deep expertise in the Indian market and digital news delivery, to provide high quality business news, insights and trends for India’s…

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Coronavirus influence | Indian smartphone industry could well additionally fair earn $2 bn hit from COVID-19: Counterpoint Analysis

Smartphone industry in India could take a $2 billion hit on account of the coronavirus pandemic as shipments declined significantly in the months of March and April compared to the previous year, according to Counterpoint Research.Noting that the effect of the pandemic on India was relatively mild until mid-March, Counterpoint Research said the outbreak is…

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COVID-19 affect | Ashok Leyland, Hero MotoCorp lead the tumble in auto stocks; S&P downgrades Tata Motors

The Indian market was trading in the red in the morning, with the Sensex down 390.01 points, or 1.38 percent, at 27875.30 and the Nifty had slipped 112.55 points, or 1.36 percent, to 8141.25.The spread of coronavirus seemed to weigh on the market even as Prime Minister Narendra Modi, in a video message, hailed the people for…

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Coronavirus impact | GoAir extends year-long brand protection plan till April 30

Under this scheme, passengers who had made bookings with the airline for travel between March 19 and April 30 (both dates inclusive) will have their tickets and travel fare covered under automatic protection Representative image In light of the ongoing lockdown following the novel coronavirus, or COVID-19, outbreak, domestic carried GoAir has extended its ‘Protect…

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Coronavirus impact: TV continues to ogle spike in viewership, data channels ogle most increase

Viewership on TV continues its growth for another week and news channels have been the biggest contributor to the increase in consumption.According to latest BARC-Nielsen data, 62 crore people watched TV on an average in week 12 or week 2 of COVID-19 disruption period (week starting March 21).Most of the TV viewers consumed content on…

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Coronavirus affect: TVS Motor gross sales tumble 55% in March

The company, which primarily makes two-wheelers and three-wheelers, had sold 3,25,323 units in March 2019, TVS Motor Company said in a statement. TVS Motor Company on April 2 reported a 55.5 percent decline in total sales in March at 1,44,739 units. The company, which primarily makes two-wheelers and three-wheelers, had sold 3,25,323 units in March 2019,…

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