Low-cost carrier SpiceJet said it has implemented a 10-30% pay cut for all its top- and mid-level employees with effect from March to cope with the situation arising from the spread of Coronavirus. “In its bid to tide over the unprecedented crisis thrust by the COVID-19 pandemic, SpiceJet today announced a company-wide pay cut for […]
Prasar Bharati has set up a committee to explore an alternative way of allowing private TV channels to use its DD Free Dish DTH service without going through an auction process. Traditionally, private channels have to pay crores of rupees per year if they want to get a slot on the free satellite broadcasting (DTH) […]
Four pay channels — Star Utsav, Zee Anmol, Colors Rishtey and Sony Pal — are likely to go ‘free to air’ for two months from today. These channels had earlier been put in a ‘promotional scheme’ while remaining pay channels, with their prices slashed from Rs 1-2/month to Rs 0. This was intended to increase […]
Bharti Airtel said it has made its e-book application — available to anyone — free on a temporary basis to help those who are spending time at home as part of the Coronavirus lockdown. “Readers can now access thousands of top books and novels on Juggernaut Books (formerly known as Airtel Books) for FREE by […]
With a 21-day lockdown on people movement coming into place overnight, the Kerala government has taken an in-principle decision to allow the sale of liquor via the Internet. A decision in this respect was taken at today’s meeting of the council of ministers headed by Chief Minister Pinarayi Vijayan, according to local media reports. Liquor […]
Several video-on-demand services in India, including Youtube, Hotstar, Tiktok, Netflix, Amazon Prime Video and Zee5, have decided to suspend the streaming of high-definition content as long as the Coronavirus lockdown is in place. They will continue to offer HD content on wired broadband, such as fiber and copper networks. The move is to prevent the […]
India is going into a country-wide lockdown from today midnight for 21 days. While this may be a new experience for people in many parts of the country, for those in places like Mumbai, Bangalore, Kerala and Delhi, lockdowns are already in place to prevent the spread of Coronavirus. Based on the rules implemented in […]
Ministry of Electronics and Information Technology, Government of India, has requested all state governments to include IT and BPO employees, as well as e-commerce, in their list of essential services. Several state governments, including Maharashtra, Kerala, Tamil Nadu and Andhra Pradesh, have announced strict curbs on the movement of people and the functioning of shops […]
Kerala Government may radically expand the number of liquor outlets in the state by tomorrow to prevent crowding at the existing outlets. Kerala State Beverages Corporation, along with Kerala State Co-operatives Consumers’ Federation, has a legal monopoly over the retailing of liquor in Kerala. However, with only around 300 outlets to serve a population of […]
A large number of manufacturing companies in India have informed that they are shutting down their plants in accordance to the government’s action plan to combat Coronavirus COVID 19, with some warning that this will impact earnings. “The domestic industry is being impacted in unprecedented ways with increasing levels of uncertainty,” said Polycab Industries, one […]
Malayalam Superstar Mohanlal expressed frustration at the high number of people who are refusing to heed government’s instructions on combating Coronavirus, and compared community clapping to magic that can destroy bacteria and viruses. “It won’t do to just say that we are not used to [such restrictions],” Mohanlal said in an interview with Malayalam channel […]
Information and Broadcasting Minister Prakash Javadekar today refused to intervene in the alleged blocking of news channels critical of the state government of Andhra Pradesh. The unofficial ban on two news Telugu news channels — TV5 and ABN Andhra Jyothi — in the coastal state, allegedly for being critical of the YSRCP government — has […]
Escorts Ltd, one of India’s oldest motor and equipment makers, said Japan-based Kubota Corporation, one of the top tractor makers in the world, will take a 10% stake in the Indian company for Rs 1,042 cr. The partnership, which will go beyond equity participation, will “integrate and deepen their relationship towards achieving their mutual ambition […]
Dish TV, the oldest Direct-To-Home satellite transmission service in India, is preparing to improve its line-up on channels in a bid to retain market share in the face in rising competition. The company, which has two separate beams — one for South India and one for the rest of the country — has started removing […]
Mumbai-based real estate developer Godrej Properties said it has acquired 43.61 hectares of land in Faridabad from real estate major BPTP for development. Financial details of the transaction were not announced. The plot will be home to Godrej Properties’ first development in Faridabad — a residential project with 95,000 square meters, or 1 million square […]
The latest COVID 19 numbers coming Italy and France — the two western countries that have put the strongest ‘social isolation’ measures in place — provide hope and a way out for countries such as the US, UK and Germany, as well as for the global financial markets. According to the latest data on the […]
Stock markets extended their losses on today, with the Nifty 50 falling by around 2.5% to 8,967. Among the biggest drags were ICICI Bank, which fell nearly 9%, indicating that large, foreign portfolio investors are exiting their long positions in the market. With this, the Nifty 50 index is now down 27.5% from its all-time […]
Stock market indices, including India’s Sensex and Nifty 50, are likely to find their short-term bottom today, after a savage correction on Monday in both the Indian markets as well as US markets. The Dow Jones Industrial Average suffered another massive setback on Monday, dropping by a massive 13% to 20,188. With this, 30-stock US […]
Bharat Heavy Electricals Ltd, India’s largest electrical equipment maker, said it has won a contract to supply electric buses for the Gorakhpur airport. A new airport for the Uttar Pradesh city, spread over 300 acres, will be set up on the Gorakhpur-Varanasi highway. At present, there is a small airport at Gorakhpur which is serviced […]
India is in talks with 23 parties, including the European Union, the Gulf Cooperation Council, ASEAN and Israel, on various types of trade agreements, according to data from the central ministry of commerce and industry. Besides the above entities, India is also in talks with countries such as Sri Lanka, Thailand, Mauritius, New Zealand, Singapore, […]
