Covid-19: Spate of salary cuts, layoffs & leave reduction

A number of companies are looking at ways to cut costs, as the Covid-19 pandemic plays havoc with consumer demand. Hardcastle Restaurants, which owns and operates McDonald’s restaurants in west and south India, plans to defer 40% of the fixed salary, excluding retirals, of the top management from April to September. Employees a level below would have a 25% deferment.

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M&As in India dive by 36% to $82 billion in FY20

India deal-making fell by more than a third in fiscal 2020 thanks to global tensions, economic slowdown, debt distress and the coronavirus outbreak. From a record high of $128 billion in fiscal 2019, merger and acquisition (M&A) value declined to $82 billion.

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Small businesses seek staff cover in a bid to restart

Businesses are queuing up to buy group health covers after a government order requiring companies to mandatorily provide insurance for workers if they open up during the Covid-19 lockdown. The new category of buyers include supermarkets, retail chains, pharmacy stores and food processing factories.

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Covid-19: US economy shrinks by 4.8% in first quarter

In its worst performance in a decade, the US economy contracted by 4.8 per cent in the first quarter due to the coronavirus pandemic that has forced a near shut down of the country, according to the latest governmental advance estimates released on Wednesday.

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ICICI Prudential, IDFC may back IDFC First’s Rs 2,000 crore issue

ICICI Prudential Life Insurance and IDFC Ltd may subscribe to a majority of the Rs 2,000-crore preferential issue being planned by IDFC First Bank, as it looks to create a war chest to fight any liquidity crisis. While ICICI Prudential is expected to invest Rs 500-600 crore, parent IDFC is likely to pump in about Rs 800 crore to maintain its 40% stake.

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Saharanpur wakes up to Himalayas

For the first time in over three decades, snow-capped peaks of Gangotri became visible from Saharanpur as Air Quality Index (AQI) in the UP town dipped below 50.

from Times of India https://ift.tt/2SkJJYu

Rishi's death: How Alia became Ranbir strength

Rishi Kapoor is gone. For the Kapoor family this is a big blow and a loss that is irreplaceable. The actor passed away at 8:45 am on Thursday morning at a suburban hospital. The void that he has left in the industry will never be filled, but the bigger loss is of course to the immediate family. Ranbir and Rishi had become extremely close to each other ever since the news of the latters illness became public. While Ranbir became Neetu’s strength the one person who gave him the support was his girlfriend Alia Bhatt.

from Times of India https://ift.tt/2KR9mMd

India needs to open economy in measured way: Raghuram Rajan

India needs to be cleverer in lifting the lockdown and open up its economy in a "measured way" soon as it does not have the capacity to support people across the spectrum for too long, former RBI governor Raghuram Rajan said on Thursday. He was deliberating on the economic impact of the COVID-19 in a conversation with former Congress president Rahul Gandhi.

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Glenmark to conduct trials of potential Covid drug

Glenmark Pharmaceuticals on Thursday said it has become the first company in India to receive approval from DCGI to conduct clinical trials of Favipiravir antiviral tablets to treat COVID-19 patients. Having internally developed the API and the formulations for the product, the company received approval for conducting the trial on mild to moderate patients.

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Rishi Kapoor succumbs to Leukemia: Here is all we know

Leukemia is cancer of the body's blood-forming tissues, which includes the bone marrow as well as the lymphatic system. There are several types of leukemia, and some even affect the children, however, mostly leukemia occurs in adults.

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Skoda Superb facelift bookings start online: Expected price, launch, specs, features

The Skoda Superb facelift has a 2.0-litre petrol engine and Matrix LED headlights while its competitor will be the Toyota Camry hybrid.

from Auto News – The Financial Express https://ift.tt/3bQLXqk

Rare pics: Rishi Kapoor passes away

Rare pics: Rishi Kapoor passes away

from Times of India https://ift.tt/2xlCdFB

Actor Rishi Kapoor loses battle to cancer. Here's what we know

The news comes right after we lost Irrfan Khan due to a colon infection.

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Include these 7 foods in your diet to prevent colon infection

Bollywood actor Irrfan Khan left for his heavenly abode today, after battling two severe diseases. He was diagnosed long back with neuro-endocrine tumor and was recently admitted to the ICU because of the severity of his colon infection.

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Bollywood mourns demise of legend Rishi Kapoor

While it was Bollywood’s megastar and a dear friend of Rishi Kapoor – Amitabh Bachchan who broke the news on his Twitter handle, other celebs too have been taking to their social media handles to express their shock and condolences to the family of the bereaved.

from Times of India https://ift.tt/3f4AuW9

Live: Total Corona cases in India rises to 33,050

The number of coronavirus cases in India climbed to 33,050 according to the ministry of health, while the number of fatalities rose to 1,074. Meanwhile, more than 3.13 million people have been reported to be infected by the novel coronavirus globally and 228,224 have died. Stay with TOI for the latest developments

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Sensex jumps over 850 points; Nifty above 9,800

Equity indices started on a positive note on Thursday with the benchmark BSE sensex rising over 850 points led by gains in auto, financial and IT stocks amid positive global cues.

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Rahul-Raghuram Rajan conversation: Key points

Former governor of Reserve Bank of India (RBI) Raghuram Rajan on Wednesday in a video chat with Congress leader Rahul Gandhi said that India needs Rs 65,000 crore to help the poor during the coronavirus-led crisis. He further added that the focus of the government should be first on starting people's lives once it decides to end the nationwide lockdown.

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Can hair return to its original color after turning grey?

The less melanin you have, the lighter your hair is. It is natural to lose melanin as you age, however, there are also a number of other reasons that might cause loss of melanin. However, it is not possible to restore your hair’s natural colour if your greying is genetic and natural.

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Rishi Kapoor passes away at 67 after a long battle with cancer

Veteran Bollywood actor Rishi Kapoor breathed his last today, at the age of 67. The popular actor had been unwell for a while and was admitted to a hospital in Mumbai. Amitabh Bachchan shared a post on Twitter.

from Times of India https://ift.tt/2yVzEdP

States start plasma therapy trials, HCQ administration in War Covid

Plasma therapy trials have already started in Maharashtra, UP and Madhya Pradesh — involving only one or a couple of patients. Some states have started administering HCQ tablets for healthcare workers, patients and their contacts. Other states and UTs are either awaiting approval from the ICMR or have got approval but have not yet started administering plasma.

from Times of India https://ift.tt/3d3wsvt

Coaches have had to become creative: Dravid

Rahul Dravid, head of cricket at the National Cricket Academy says that there are much larger things at play currently and the future is uncertain because of the crisis and safety is the priority for everyone right now.

from Times of India https://ift.tt/2Ypmxwd

Exercises to help you get rid of your flabby arms

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Actor Irrfan Khan passes away at 53, battling colon infection

Irrfan Khan passed away today at a hospital in Mumbai, where he was admitted for colon infection. The 53-year-old actor had been battling cancer since 2018 and his official spokesperson had confirmed on Tuesday that he was under doctor’s observation. Irrfan is survived by his wife Sutapa and sons – Babil and Ayan.

from Times of India https://ift.tt/2yQlI4E

No pay for April & May, SpiceJet tells its pilots

SpiceJet on Wednesday told its pilots that they won’t be getting any salary for the months of April and May. Pilots operating cargo flights -- the only ones allowed during the lockdown -- will be paid for the hours flown. The low cost carrier is one of the most financially stressed Indian carrier with precariously low cash reserves.

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85% correlation between temp rise & cut in virus spread: Study

A study by the National Environmental Engineering Research Institute (Neeri) in Nagpur has found a “very strong” correlation — up to 85% — between the increase in the average day temperature and the reduction in Covid-19 spread for select cities and Maharashtra and Karnataka as a whole. Neeri sourced data from WHO, IMD and based its research on a mathematical model.

from Times of India https://ift.tt/3aNXipL

People of these zodiac signs love extra affection

Every person has different expectations from a relationship. Here are the zodiac signs whose heart melt at the sight of extra affection!

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Kerala braces for 3 lakh expats waiting to return

Around 2.76 lakh Keralites, among those stranded in 150 countries, have registered with non-resident Keralites affairs (Norka) department, seeking an opportunity to return home in special flights. Earlier, Norka had started an online registration facility (https://ift.tt/35hMgrT) on Sunday and the number of requests is expected to increase in coming days.

from Times of India https://ift.tt/2VKK7S2

7.4L pull out additional Rs 2,400cr from EPF

Around 7.4 lakh EPFO (Employees Provident Fund Org) subscribers have tapped their provident fund accounts to withdraw close to Rs 2,368 cr in one month, using a special window created due to the Covid-19 lockdown. Under the special facility, a non-refundable withdrawal of three months’ salary or up to 75% of the balance (whichever is less) has been provided.

from Times of India https://ift.tt/3f2A02T

Government eyes ordinance route for Companies Act amendments

The government is considering a fresh ordinance to amend the Companies Act to decriminalise several offences, apart from allowing Indian companies to directly list overseas.

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Irrfan Khan suffering from a colon infection

Irrfan Khan is suffering from colon infection and here's all you need to know about the condition

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We love Neha Kakkar's stylish saris and blouses!

When it comes to Neha Kakkar's styles, she loves to experiment. Her bold fashion avatars are always the talk of the town. And, when it comes to Indian wear, she experiments with colourful and experimental drapes. If you're a fan of saris, then you need to check out Neha's sari wardrobe. From unique pallu styles to colourful blouses, the diva has flaunted them all, check out five times the singer looked gorgeous in saris.

from LifeStyle - Latest Lifestyle News, Hot Trends, Celebrity Styles & Events https://ift.tt/3f2G4YY

How to take care of coloured hair at home

When it comes to colour-treated hair, they need special care. As all of us are home right now and can't visit the salon for regular touch-ups and spa rituals, we really need to look after our hair. And, if you are finding it hard to maintain your mane fret not, as we have charted some important tips to keep the coloured tresses healthy at home.

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The right posture to sit in while working from home

We all thought what can be better than working from the comfort of our homes.

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Everything you need to know about conscious parenting

Used by various psychiatrists, conscious parenting puts more focus on the parent and how mindfulness can help in parenting. It brings together both meditation and self-reflection as tools of good parenting.

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Healthy recipes you can try this Ramadan

from LifeStyle - Latest Lifestyle News, Hot Trends, Celebrity Styles & Events https://ift.tt/2SiLeq1

K'taka: Graded lockdown exit in 22 districts; relief for B'luru in May?

The Karnataka government allowed neighbourhood and standalone shops and industries to reopen from Wednesday in the green and orange zones. The relaxations — aimed at reviving economic activity in most parts of the state — will not apply to eight red-zone districts, including Bengaluru city and Mysuru.

from Times of India https://ift.tt/2W74Oqp

Disaster planning top priority for India Inc

Disaster planning for business continuity and survival has emerged as the top priority for organisations as recovery from Covid-19 is expected to take longer than what was earlier envisaged.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/35m8EjO

WhatsApp looks at lending after payments nod

The filings of WhatsApp Application Services showed this would potentially be explored through partnerships with banks because it said it won’t undertake any banking business according to the law. The regulatory documents were sourced from Tofler, a business intelligence platform.

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300 districts, 5 states and UTs are still Covid-free, govt says

Union health minister Harsh Vardhan on Tuesday said that 300 districts in the country were unaffected by Covid-19. He added that another 300 districts had very few cases and 129 districts had hotspots. There are 739 districts and no fresh case was reported in 80 districts in 7 days, Vardhan said, adding that no case was reported in last 14 days in 47 districts.

from Times of India https://ift.tt/2W6V3IN

Corona: Many Americans opt to stay put in India

Many Americans in India who had signed up for airlifts back to the US are now deciding to stay back and "ride it out" during the Covid-19 pandemic, according to the State Department's top consular official. Many who had enlisted for repatriation from India were not responding to offers of seats on the planes arranged by the department, said US officials.

from Times of India https://ift.tt/3faFbOi

Empty manufacturing plants may lose property cover

Large manufacturing plants that have fallen silent due to the lockdown risk losing their insurance cover if the Covid-19 induced restrictions get extended beyond May 3. Risk managers are in a panic as insurers have reminded them of a clause whereby the cover ceases if plants are unoccupied for over a month and said that they will give a one-time dispensation and allow coverage until May 3.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/3aOdw1Y

7.4 lakh pull out additional Rs 2,400 crore from EPF in 1 month

Around 7.4 lakh EPFO (Employees Provident Fund Org) subscribers have tapped their provident fund accounts to withdraw close to Rs 2,368 cr in one month, using a special window created due to the Covid-19 lockdown. Under the special facility, a non-refundable withdrawal of three months’ salary or up to 75% of the balance (whichever is less) has been provided.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/3f2A02T

Government starts e-retail chain for rural India

It’s the desi, rural version of Flipkart and Amazon, and is promoted by the government. Concerned over the severe restrictions on mobility and lack of adequate supplies in times of Covid-19, the government has facilitated the creation of a village-level online retail chain, planning massive supplies of essentials through fast-expanding outlets that are taking orders online and offline, and carrying out home deliveries.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2YgNGkS

Sports stars devise way to maintain good cheer

Covid-19 may have brought sporting activity across the world to a halt, but thanks to technology, your favourite sporting icons are keeping themselves in good cheer. Be it posting quirky videos or conducting live chats with colleagues on Instagram, welcome to a trend that has captured the imagination of the world's leading athletes — from Nadal, Ronaldo to Kohli.

from Times of India https://ift.tt/2xmz4W4

FM rebuts Rahul's claim, says no loan waived off

“Provisions are made for NPAs as per the four-year provisioning cycle laid down by the RBI. Upon full provisioning being done, banks write off the fully provided NPA but continue to pursue recovery against the borrower. No loan is waived off,” said finance minister Nirmala Sitharaman rebutting Rahul Gandhi’s claims on banks writing off bad debt of Rs 68,600 cr.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2VKBSW7

Automated Coronavirus disinfection for car cabin with this sprinkle system-style spray

This apparatus can be used to sanitize the seats of cars, taxis, ambulances, goods vans, buses, flights, trains, and could even sanitize elevators, etc.

from Auto News – The Financial Express https://ift.tt/2zzzskB

'US may seek damages from China over Covid'

"We are not happy with China," Trump said at a White House briefing. "We are not happy with that whole situation because we believe it could have been stopped at the source. He suggested that the US may seek damages from China.

from Times of India https://ift.tt/2YcHSsC

Jio-Facebook alliance may go beyond kirana stores

The partnership between India’s largest conglomerate Reliance Industries and US social media giant Facebook could expand beyond the scope of just onboarding kirana stores for JioMart through the WhatsApp platform, sources said.

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No call yet on monetising fiscal deficit: RBI guv

The Reserve Bank of India (RBI) governor Shaktikanta Das has indicated that the fiscal deficit target of 3.5% will be breached this year, but he said that no view has been formed on the central bank monetising the deficit by purchasing government bonds.

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RBI opens special funding line for MFs

Under RBI’s new facility, named Special Liquidity Facility for Mutual Funds (SLF-MF), banks are allowed to borrow from the central bank for a maximum of 90 days and then in turn lend the money to mutual funds against collateral in their portfolio. After 90 days, the fund houses will have to repay the bank and take back the collateral deposited. The banks in turn will return the money to RBI.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/35d3jeE

Mercedes-Benz India starts online bookings: Book a car or service from home

The Mercedes-Benz Merc From Home initiative helps eliminate human contact and promotes transparency with respect to vehicle availability and prices.

from Auto News – The Financial Express https://ift.tt/2WabwMy

4 beauty benefits of moong dal

Often used for making dal curry and sprouts, moong dal is also a goldmine for beauty purposes. From face, body and hair, moong dal solves a lot of problems and can be the latest addition to your beauty regime.

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Birla MF realigns Jharkhand bonds’ value

Aditya Birla Mutual Fund has realigned the value of its holdings in Jharkhand Road Projects Implementation Co held in two of its debt funds — Medium Term Plan and Dynamic Bond Fund. As a result, the NAV of its Medium Term Plan fell by 4.5%, while that of Dynamic Bond Fund by 1.5% as of Friday’s close, the fund house said.

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Top10: India world's 3rd-largest military spender

from Top Headlines - The Times of India https://ift.tt/2tlZbpO

RIL to finalise first rights offer in 29 years

Reliance Industries (RIL) is planning a rights issue — its first fund-raise from the public in 29 years. The company has not disclosed the amount of money it plans to raise through the rights offer or any other details about it. RIL said its board will meet on April 30 to “consider a proposal to issue equity shares to existing shareholders on rights basis”.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2SaBYUL

US airlines set new policies to slow virus spread

Flights from all airlines have been grounded since mid-March as potential passengers hunkered down at home under lockdown orders to slow the spread of the virus. Most transatlantic flights were suspended after an order from the White House.

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The best walking workouts for most effective results

Post lockdown, all of us are craving for some outside air and resorting to walks, while adhering to social distancing.

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Guidelines for using air conditioner during coronavirus

Ideally, this is the time most people reach out for air conditioners and good old desert coolers to provide some respite. However, there are several reports doing rounds that claim that using air conditioners can lead to an increased spread of novel coronavirus.

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Why safety and health at work is the need of the hour

In 2002, an awareness campaign was initiated by the International Labor Organization (ILO) to highlight the need for occupational safety and health at the workplace. The campaign dedicated April 28 as World Day for Safety and Health at Work and this year the theme is 'Safety and Health at Work can save lives.' Maintaining safety and a healthy environment at work has been never so important that it is now.

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What teachers want you to know about online classroom

While we often hear parents complaining about the added pressure of online schooling, in our chaotic mental dialogue, we often forget to listen to the teacher’s side of things. So let’s give them a chance to speak.

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How lockdown is making men cook!

It took a lockdown for most men to spice things up. In the kitchen, that is!

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5 stylish throwback photos of Jacqueline Fernandez

One of the fittest Bollywood stars, Jacqueline Fernandez is also the most stylish actresses in Bollywood. Be it her movie looks or red-carpet events, she's never afraid to experiment with her sartorial choices.

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10 Indonesian TJ men held for ‘attempt to murder’

All 12 had allegedly not followed the lockdown orders and visited a few mosques, including one in Dharavi, thus attracting charges under IPC sections for culpable homicide not amounting to murder and attempt to murder, said the police.

from Times of India https://ift.tt/2SfyArT

After WhatsApp curbs, 70% fall in ‘highly forwarded’ messages

WhatsApp’s new restrictions to curb misinformation has shown quick results. The new restrictions, which were implemented earlier this month, have caused a 70% drop in the number of ‘highly forwarded messages’ sent on the platform. On April 7, the company had said messages that are forwarded five times or more, can be sent to only one person or a group at a time.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2VHZrix

Want to fly after this lockdown? Get a doctor's certificate

You may also have to buy gloves, face masks and disposable caps for your next flight.

from Transportation-Industry-Economic Times https://ift.tt/3cTZTjw

Coronavirus: Centre, states wary of lifting curbs, graded easing on cards

from Times of India https://ift.tt/2YcdS00

58 die of Covid infection, highest in a day

from Times of India https://ift.tt/2Yn0pTd

Lockdown: States build walls, trenches on borders

from Times of India https://ift.tt/3eT0oMB

Our companies have cash for 2 years, says SoftBank

Japan’s technology investment major SoftBank said that all portfolio companies in India, including troubled hospitality major Oyo, have money for the next two years to ride through the economic slump brought on by the Covid-19 pandemic.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2S9EXwS

Birla MF, BoI AXA go for valuation rejig

Late on Sunday, Aditya Birla Sun Life MF decided to change the valuation of some of its bond holdings in its debt funds. The fund house took the decision so that the new values are in conformity with valuations suggested by two agencies, Crisil and ICRA. The name of the schemes or the securities in which the valuations were realigned could not be confirmed.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/3aK2qLw

Live: PM Modi interacts with chief ministers via video conference

The total number of cases in India is now 27,892. Of these 20,835 are active cases. Overall 872 deaths have been reported in the country. Maharashtra has so far reported the highest number of cases in India. Stay with TOI for latest updates:

from Times of India https://ift.tt/3azScNO

Will Kim's sister outshines male rivals in NKorea

Of all the family members who could eventually take the reins from North Korean leader Kim Jong Un, his sister seems like the obvious choice. Kim Yo Jong, in her early 30s, has been by her brother's side at summits with US President Donald Trump and Chinese President Xi Jinping, sat behind Vice President Mike Pence while representing North Korea at the 2018 Winter Olympics.

from Times of India https://ift.tt/2y1IYN2

Morning habits that may be causing weight gain

Weight loss is the one thing that is always on our mind. While diet and exercise are the best way to make sure that you the kind of weight you wish to. However, there are a lot of things that may hinder your weight loss journey. There may be some particular morning habits that may cause your weight loss to plateau. Here are 5 morning habits that may cause you to gain weight.

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RBI announces special liquidity facility of Rs 50,000 crore for mutual funds

In a big relief for mutual fund investors, the Reserve Bank of India (RBI) on Monday announced a special liquidity facility (SLF-MF) of Rs 50,000 crore with a view to ease liquidity pressures on mutual funds (MFs) which have cropped up as a result of heightened volatility in capital markets due to the Covid-19 pandemic.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2VZZvcm

Pune firm plans to ready vaccine shots by Sept

Pune-based Serum Institute plans to price the proposed Covid vaccine at around Rs 1,000 per dose in India. Serum is one of the global manufacturers that is putting its weight behind an Oxford University-led consortium, which announced the start of human clinical trials on April 23.

from Times of India https://ift.tt/3bDVnVW

RBI opens special liquidity facility for MFs

In a big relief for mutual fund investors, the Reserve Bank of India (RBI) on Monday announced a special liquidity facility (SLF-MF) of Rs 50,000 crore with a view to ease liquidity pressures on mutual funds (MFs) which have cropped up as a result of heightened volatility in capital markets due to the Covid-19 pandemic.

from Times of India https://ift.tt/2VZZvcm

How working couples are dealing with lockdown

we all are cooped up into the new system of increased proximity in interpersonal relationships and new work culture overnight and sure it has its share of challenges. We have tips to help you to focus on the brighter side of life during the pandemic to manage your work-relationship balance during the lockdown as a working couple.

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