India was expected to lose revenue of Rs 10 lakh crore due to the coronavirus crisis, Union minister Nitin Gadkari said on Wednesday. The situation was so grim that some states do not have money to pay salaries next month, he said, adding that the country needs to tackle the crisis with positivity. Addressing the … Read more
Construction and real estate are staring at a worker shortage of 52%, followed by manufacturing at 44% and healthcare and pharmaceuticals at 42%, according to a survey based on initial hiring discussions, enquiries and mandates. Companies across industries are facing a huge shortage of blue-collar workers as they gradually resume operations after the lockdown, and … Read more
Calls the deepening divergence between the stock market and the underlying economy “one of the most impressive mismatches in history”
The UK-based firm informally contacted Gilead last month to gauge its interest in a possible tie-up, the people said, asking not to be identified because the details are private. AstraZeneca didn’t specify terms for any transaction, they said. While Gilead has discussed the idea with advisers, no decisions have been made on how to proceed … Read more
While describing the current situation as “much more uncertain than normal”, the FMCG major added that it is confident about its ability to manage the immediate crisis, news agency PTI reported. “The situation remains volatile with the trajectory of the virus undetermined, evolving hot spot geographies, the success of containment measures uncertain, the severity and … Read more
Job losses in gulf countries after the Covid-19 spread, falling oil prices, and the security of owning a house in one’s native country are driving the trend, say many developers Business Standard spoke to. From the UAE alone, some 150,000 Indians registered to repatriated, of which 25 per cent cited job losses as a reason … Read more
Franchisees for Pizza Hut, IHOP, and Subway have already filed for bankruptcy. McDonald’s internally warned franchisees that they may have to downsize or sell locations. “Every franchisee is a small business, and they had to close up, and they’re sucking wind,” said restaurant industry investor Roger Lipton. “They’re hemorrhaging.” Visit Business Insider’s homepage for more … Read more
During a crisis, the platitude “stay strong” is well-intended, but difficult to put into practice. Resilience is not an inherent trait – it is developed and strengthened through hardship. Recent research conducted by PsychTests.com reveals that mentally tough people nurture a specific type of mindset, and engage in certain practices in order to stay strong … Read more
Revenues are impacted significantly, future remains uncertain, debts are piling up… time to separate wheat from the chaff !