The ongoing covid-19 crisis has deeply impacted the Indian startup ecosystem with close to 12% startups stating shutdowns, according to a survey jointly conducted by Federation of Indian Chambers of Commerce and Industry (FICCI) and Indian Angel Network (IAN). The nationwide survey on the ‘Impact of covid-19 on Indian start-ups’, conducted across 250 startups, said … Read more
The move comes amidst the shrill calls for boycotting Chinese goods following violent skirmishes on the Leh border earlier this month that lead to the killing of 20 Indian soldiers. The government sees the air-conditioning industry as a priority sector for generating jobs along with furniture, leather and footwear. Leading air-conditioner maker Johnson Controls-Hitachi India … Read more
This one, termed #ZoomGloom #WebinarComa and #DeathByWebinar on social media, is causing fatigue, discomfort in the eye and neck, and a general sense of irritability. It is the result of taking part in unending video conferences. Over the last three months, as Corporate India went into a lockdown and slowly unlocked in bits and pieces, … Read more
Charles Biderman, a 30-year market veteran and founder of TrimTabs Investment Research, can’t believe his eyes. It’s safe to say that 2020 has been a peculiar year for markets. Despite a global pandemic, a 30 percent-plus stock plunge, 13% unemployment, and an economy that’s mostly still closed, the S&P 500 is trading less than 5% … Read more
The deal is in the form of structured debt. The investments were made from HDFC Capital Affordable Real Estate Fund (Hcare fund 1 & 2) which has a corpus of $ 1.1 billion. Abu Dhabi sovereign fund ADIA is a key investor in the fund. In the first investment by any private equity fund manager … Read more
Even as COVID-related layoffs and salary cuts ensued across sectors, the Sahara Group on Monday said it has given pay hikes and promotions to its employees. Further, it said that there will be no layoffs of workers from any of its business vertical due to the coronavirus situation. The Sahara Group is also planning to … Read more
Shopping in your favourite mall may feel different in the post-covid world. On reaching, you could be asked to scan a QR code on an app, verified through a one-time password, allowing the mall to track your movements. An online tracking system could also inform you to leave a particular store depending on the number … Read more
The COVID-19 Pandemic, and the policy response to it, have fractured everything we knew as “normal.” Long-standing tensions and social distancing have collided to throw our world into disarray leaving business leaders to search for the “new normal” while re-assessing their business. This Pandemic Fracture has given rise to 5 Shifts that will shape our … Read more
If all goes well with either of two antibody therapies it is testing. Lilly is also doing preclinical studies of a third antibody treatment for the illness caused by the new coronavirus that could enter human clinical trials in the coming weeks, Chief Scientific Officer Daniel Skovronsky said in an interview. Lilly has already launched … Read more