Business

28 Mar

Tata Group commits ₹1,500 crore to fight Covid-19

editor0 CommentsBusiness, Health, North East

The Tata Group--Tata Trusts and Tata Sons-- is the latest to join the fight against coronavirus and will together donate ₹1,500 crore towards coronavirus relief fund, chairman Ratan Tata announced in an Instagram post on Saturday. The funds will be utilized for providing protective equipment to medical personnel, respiratory systems for treating increasing cases, testing kits to ramp up testing in the country and setting up treatment facilities for those who have already caught the virus. The group has also said that it will train health workers and the general public to empower them against coronavirus. “Urgent emergency resources need to…

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26 Mar

Drukair takes delivery of its first A320neo

editor0 CommentsBusiness, Travel

Drukair, Bhutan’s national carrier has taken delivery of its first A320neo, adding to its fleet an aircraft known worldwide for its low operating costs and excellent fuel efficiency. With this, Drukair has become the world’s latest A320neo customer. The current aircraft fleet of Drukair comprises three A319s and one ATR 42-600. Powered by CFM LEAP-1A engines, Drukair’sA320neo features large, fuel-saving wingtip devices known as Sharklets. The aircraft will feature a 2-class cabin layout with 140 seats, reflecting the latest trends in air travel industry, offering passengers greater level of comfort and an enhanced travel experience. Tandi Wangchuk, Chief Operating Officer,…

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23 Mar

Anand Mahindra Offers To Make Ventilators, Convert Resorts Into Care Facilities

editor0 CommentsBusiness

The novel coronavirus outbreak has made a massive impact on world's healthcare supplies, reminding once again how we remain unmatched for a global pandemic like this one. And that means we need more than just governments stepping up and taking the charge to fight the outbreak. Contributing to the same, Anand Mahindra, Mahindra Group Chairman has announced several measures to help combat the Coronavirus pandemic in India. In a series of tweets, Mahindra said that the conglomerate will immediately work on how its manufacturing facilities can make ventilators. He has also offered to make Mahindra Holidays resorts as temporary care…

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23 Mar

Nestle CEO’s Staff Memo: “Get Ready For Storm To Hit, Hit It Will

editor0 CommentsBusiness

Food giant Nestle told employees to prepare for difficult times ahead and make all the necessary efforts to supply customers with the food and beverages they need, Chief Executive Mark Schneider said in a memorandum seen by Reuters."This is the moment for extra effort, for going the extra mile," Schneider said in a message to staff, distributed internally on Friday."Please get ready for the storm to hit - because hit it will," Schneider added.

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23 Mar

Little Upset With China, Should Have Told Us About Coronavirus: Donald Trump

editor0 CommentsBusiness

President Donald Trump said Sunday that he is "upset" with China over a lack of cooperation and information early on in the coronavirus crisis."They should have told us about this," Trump told a regular press conference at the White House."I'm a little upset with China. I'll be honest with you..., as much as I like President Xi and as much as I respect the country and admire the country," he said.

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23 Mar

Social Distancing A Luxury For Workers In India On $2 A Day

editor0 CommentsBusiness, Health

The quandary facing India's informal workforce of 450 million people is one of the starkest examples of how social inequality threatens to undermine virus containment efforts around the world. From undocumented minimum-wage workers in the world's richest postcodes to job-seekers flooding into swelling metropolises, the urban poor often have limited access to health care, no medical insurance and no financial safety net.

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23 Mar

Centre To Announce Bailout Package To Soften COVID-19 Blow

editor0 CommentsBusiness

The government is expected to announce economic package shortly amid high expectation of bailout by sectors hugely affected by coronavirus, sources told. Four days ago, during his address to the nation, Prime Minister Narendra Modi had announced the formation of a special task force headed by finance minister Nirmala Sitharaman. The COVID-19 Economic Response Task Force, he said, would take an overview of the situation and suggest the way ahead.Ms Sitharaman has already declared that the donations made towards fighting COVID-19 would be counted as "Corporate Social Responsibility".

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21 Mar

Popular Video App MV Master Sees Massive User Growth in India

editor0 CommentsBusiness

 One of the world’s leading one-click video creation app MV Master,today said that it has accumulated more than 60 million registered users in India since its launch in January 2019.It has been named the Editor’s Pick as ‘top recommended app’ for videos. MV Master said this growth is borne out of an extensive localization strategy executed over last year, as part of which it had introduced thousands of India-specific video templates, music and themes to better engage Indian users. The app had recently launched special Holi-themed templates ahead of the festival this year. As of March 13, 2020, MV Master…

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09 Mar

Community Bank, Bangladesh Goes Live on Infosys Finacle Banking Platform in 48 Days

editor0 CommentsBusiness

Community Bank, among the newest scheduled banks in Bangladesh, and Infosys Finacle, part of EdgeVerve Systems, a wholly owned subsidiary of Infosys (NYSE: INFY), today announced the successful implementation of the Finacle Core Banking Solution at the bank, in just 48 days. With the new banking platform, Community Bank is well placed to provide a truly digital banking experience to its retail and corporate customers. Among multiple benefits, the modern platform enables the bank to launch new products within a fraction of time, offer a differentiated customer experience and empower the bank to grow rapidly. Highlights: The bank is now enabled for massive…

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07 Mar

Technology deployment in the mining sector

editor0 CommentsBusiness

The Mining industry has the potential to contribute 6-7% to National GDP but due to various reasons, the contribution has remained limited to two percent. The recent amendment in the MMDR Act has brought in reforms and transparency in the mining industry in India.  However, for a sustained high growth trajectory, acceleration in the approval processes, creation of conducive fiscal regime, enabling policy framework for promoting exploration and providing proper focus on the mining technology aspects are needed. While there has been private sector participation in mining, the government through its various public-sector companies continues to be the largest participant…

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