Business

Paytm teams up with over 300 hotels in 60 cities; offers temporary accommodation for healthcare professionals fighting COVID-19

Country’s leading digital payments and financial services platform Paytm announced that it launched a special hotel listings page on its app to support temporary accommodation needs of the medical frontline forces fighting COVID-19. The company has rolled out this initiative in partnership with more than 300 hotels including acclaimed chains and star-rated properties that are […]

Business

Coronavirus Outbreak: Housing sales may fall 35% in 2020, demand for office space may shrink 30%

New Delhi: India’s residential real estate has been severely hit by nationwide lockdown and sales could fall by up to 35 percent across seven major cities during the 2020 calendar year following the outbreak of COVID-19 in the country, according to property brokerage firm Anarock. The pandemic would also adversely impact commercial (office and retail) […]

Business

Coronavirus Outbreak: Air India suspends contract of around 200 pilots as almost all planes grounded

New Delhi: Air India on Thursday temporarily suspended the contracts of around 200 pilots, who were re-employed after retirement, as all domestic and international commercial passenger flights have been suspended in the country till 14 April to curb the COVID-19 pandemic, a senior official said. File image of Air India aircraft. News18 “Since almost all […]

Business

Pepper raises Rs 2 cr from Snapdeal Founders’ Titan Capital, other investors; startup plans to expand team in Mumbai

Content marketplace platform Pepper raised Rs 2.2 crore as part of its seed round led by Kunal Bahl and Rohit Bansal-backed Titan Capital. Other marquee investors who participated in this round included YourStory, Saurabh Srivastava (co-founder of IAN and NASSCOM), Amit Ranjan (co-founder, Slideshare), Alok Mittal (co-founder & CEO, Indifi and former Jobs Ahead founder), […]

Business

Aurobindo Pharma, Sandoz Inc mutually call off $900 mn deal of generic oral solids, dermatology businesses

New Delhi: Aurobindo Pharma on Thursday said the $900 million deal to acquire Sandoz Inc’s US-based generic oral solids and dermatology businesses, has been mutually called off. “The decision was taken as approval from the US Federal Trade Commission for the transaction was not obtained within anticipated timelines,” Aurobindo Pharma said in a regulatory filing. […]

Business

Coronavirus Outbreak: TVS Motor Company’s vehicle sales drop by 55% in March to 1,44,739 units

New Delhi: TVS Motor Company on Thursday 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, TVS Motor Company said in a statement. March #AutoSales | @tvsmotorcompany reports sales for the month of March significantly lower […]

Business

ICICI Lombard launches free COVID-19 testing for underprivileged; partners with Apollo Health & Lifestyle, Metropolis Healthcare

ICICI Lombard General Insurance partnered with Apollo Health & Lifestyle, subsidiary of Apollo Hospitals Enterprise, and Metropolis Healthcare to curtail COVID-19 infections among India’s underprivileged populace. It will fund the entire screening procedure, including the testing kits required for examining probable cases infected with coronavirus. It has committed a sum of Rs 5 crore for […]

Business

Snapdeal resumes operations in 96 cities; company ties up with local grocers, wholesalers for quick deliveries

Snapdeal, India’s leading value-focused e-commerce marketplace, has resumed operations in 96 cities covering more than 15,000 pin codes. Other than metro cities, the list also covers smaller cities include Agra, Bhopal, Dehradun, Jalandhar, Kanpur, Lucknow, Jaipur, Kota, Nashik, Patna, Raipur and Surat, the company said in a statement. Representational image. Reuters The current operations cover […]

Business

Union Bank becomes 5th largest PSB post merger with Andhra Bank, Corporation Bank

New Delhi: Union Bank on Wednesday said it has become the country’s fifth-largest public sector lender after amalgamating Andhra Bank and Corporation Bank into itself. The merger, effective from Wednesday, will harness rich individual legacies and forge a dynamic shared future, it said in a release. “As of today, all employees, customers and branches of […]

Business

India’s manufacturing activity weakens in March, business sentiment sinks to record low on coronavirus concerns: PMI

New Delhi: The country’s manufacturing sector activity grew at the slowest rate in four months during March, hampered by softer rises in new business as international demand faltered owing to the coronavirus pandemic, a monthly survey said on Thursday. The headline seasonally adjusted IHS Markit India Manufacturing PMI fell to 51.8 in March, from 54.5 […]