• MakeMyTrip to cut salaries of 3,000 employees due to COVID-19

    MakeMyTrip to cut salaries of 3,000 employees due to COVID-19
    Published Date : 26-Mar-2020 9:06:17IST

    MakeMyTrip will cut salaries of 3,000 employees in the top and managerial levels, due to the coronavirus pandemic, a report said. The company may also fire 400 employees who aren’t on its payroll, the report added. The decision comes after MakeMyTrip announced that its Group Executive Chairman, Deep Kalra, and Group CEO, Rajesh Magow, will draw ‘zero salary’ from April.

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  • Record 33 lakh Americans file for unemployment in US amid coronavirus crisis

    Record 33 lakh Americans file for unemployment in US amid coronavirus crisis
    Published Date : 26-Mar-2020 9:05:23IST

    A record 33 lakh people filed claims for unemployment in the US last week amid the impact on the economy caused by the coronavirus crisis. New York City reported a 1,000% increase in claims. The figure is the highest ever reported in the US, beating the previous record of 6.95 lakh unemployment claims filed in 1982.

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  • All international flights banned in India till April 14 over coronavirus

    All international flights banned in India till April 14 over coronavirus
    Published Date : 26-Mar-2020 9:02:33IST

    All scheduled international commercial passenger flight services will remain closed till April 14 amid the coronavirus pandemic, the government has said. The ban will not apply to approved international all-cargo operations and flights, the Directorate General of Civil Aviation said. India had earlier banned international passenger flights for a week from March 22.

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  • Jeff Bezos asks fired workers from bars, restaurants to work for Amazon

    Jeff Bezos asks fired workers from bars, restaurants to work for Amazon
    Published Date : 22-Mar-2020 5:59:58IST

    Jeff Bezos has asked fired workers from bars and restaurants, which have been shut due to coronavirus, to work for Amazon. Bezos wrote, “We hope people who’ve been laid off will come work with us until they’re able to go back to the jobs they had.” Meanwhile, Walmart said that it will hire 1,50,000 temporary workers to manage demand surge.

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  • Nearly 25 mn jobs could be lost worldwide due to coronavirus: UN

    Nearly 25 mn jobs could be lost worldwide due to coronavirus: UN
    Published Date : 19-Mar-2020 4:45:03IST

    Nearly 25 million jobs could be lost worldwide due to coronavirus pandemic, UN agency International Labour Organization said. “However, if we see an internationally coordinated policy response, as happened in…financial crisis of 2008-09, then…impact on global unemployment could be significantly lower,” it added. The financial crisis had reportedly increased unemployment globally by 22 million.

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  • Don’t come to work if you are ill but I’ll be at work, Musk staff

    Don’t come to work if you are ill but I’ll be at work, Musk staff
    Published Date : 17-Mar-2020 4:33:58IST

    Tesla CEO Elon Musk told his employees, “I’d like to be super clear that if you feel the slightest bit ill or even uncomfortable, please do not feel obligated to come to work,” according to an internal memo accessed by Electrek. “I will personally be at work, but that’s just me,” Musk added. Earlier, Musk had called coronavirus panic “dumb”.

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  • Apple, Google lead 5 biggest tech firms losing over $600 bn in value

    Apple, Google lead 5 biggest tech firms losing over $600 bn in value
    Published Date : 15-Mar-2020 10:42:28IST

    The top five tech companies – Facebook, Apple, Microsoft, Google, and Amazon – have lost combined market capitalisation of $623.23 billion from January 30, 2020, till March 13, as per YCharts. Apple had the maximum fall losing $201 billion m-cap to $1.2 trillion till past Friday. Alphabet’s m-cap fell by $161.7 billion to $838.30 billion from $1 trillion.

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  • Vodka not a hand sanitizer: US distiller

    Vodka not a hand sanitizer: US distiller
    Published Date : 07-Mar-2020 9:27:21IST

    With store shelves emptied of disinfectants and cleaning supplies amid the virus outbreak, some are turning to the internet for do-it-yourself recipes for hand sanitizer. But Texas-based distiller Tito’s is warning customers that its handmade vodka is still best for drinking. The firm tweeted that hand sanitizer needs to contain at least 60% alcohol to be effective.

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  • Flipkart Co-founder Sachin Bansal’s wife files dowry harassment case against him

    Flipkart Co-founder Sachin Bansal’s wife files dowry harassment case against him
    Published Date : 05-Mar-2020 12:09:19IST

    Flipkart Co-founder Sachin Bansal’s wife Priya Bansal has filed a case of dowry harassment against him at Bengaluru’s Koramangala police station. Priya said that her father had spent over ₹50 lakh for the wedding and had given Sachin ₹11 lakh in cash. She further alleged that Sachin was putting pressure on her to transfer properties that were in her name.

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  • Move over engineers! Now, farmers are in demand

    Move over engineers! Now, farmers are in demand
    Published Date : 02-Mar-2020 9:31:01IST

    Advertisements seeking engineers, architects or even doctors are common. Recently, there was an advertisement which announced, ‘wanted farmers’. A private firm which put out the advertisement, promised a remuneration of Rs15,000 to Rs20,000 a month for farmers. The company also offered free food and accommodation. So, all those who feel stuck in their corporate jobs and dreaming of taking up farming, here’s a potential job opportunity.

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  • Every Indian entrepreneur can become Dhirubhai or Bill Gates: Mukesh Ambani

    Every Indian entrepreneur can become Dhirubhai or Bill Gates: Mukesh Ambani
    Published Date : 24-Feb-2020 3:33:11IST

    Reliance Industries Chairman Mukesh Ambani on Monday said, “Every small business and every entrepreneur has the potential in India to become a Dhirubhai Ambani or Bill Gates.” “And that’s what differentiates India from the rest of the world,” added Ambani. “The entrepreneurial power that we have at the grassroots level is enormous,” Ambani said.

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  • Adani Group to buy property near Delhi’s Mandi House for ₹400 crore

    Adani Group to buy property near Delhi’s Mandi House for ₹400 crore
    Published Date : 23-Feb-2020 10:18:15IST

    Adani Group has won a bid to acquire Aditya Estates Pvt Ltd through an insolvency process in a ₹400-crore deal. Aditya Estates holds a 3.4 acre of residential property near Delhi’s Mandi House. The NCLT has approved the resolution plan of Adani Properties to acquire Aditya Estates for ₹265 crore and another ₹135 crore would go towards meeting statutory charges.

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  • China car sales fall 92% in first half of February amid coronavirus

    China car sales fall 92% in first half of February amid coronavirus
    Published Date : 22-Feb-2020 1:29:42IST

    Car sales in China fell by 92% in the first half of February as most dealerships remained closed and “barely anybody” looked to buy vehicles amid the coronavirus outbreak, the China Passenger Car Association (CPCA) said. About 4,909 passenger vehicles were sold in the first 16 days, down from 59,930 vehicles in same period last year, as per CPCA data.

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  • Kohli 1st Indian with 50M Instagram followers

    Kohli 1st Indian with 50M Instagram followers
    Published Date : 18-Feb-2020 10:08:36IST

    Virat Kohli has become the first person from India to have 50 million followers on Instagram. He has so far 930 posts on the picture-sharing website and is following 480 people. According to a study by global firm, Duff and Phelps, Kohli topped the brand valuation list for the third consecutive year as his value rose by an impressive 39 per cent to $237.5 million in 2019. Priyanka Chopra is the second most followed Indian on Instagram and is followed by 49.9 million users. Deepika comes third in the list with 44.1 followers.

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  • Bezos buys most expensive property in Los Angeles for record $165m

    Bezos buys most expensive property in Los Angeles for record $165m
    Published Date : 13-Feb-2020 3:43:24IST

    Amazon CEO Jeff Bezos, world’s wealthiest person, has reportedly bought the most expensive property in Los Angeles from media mogul David Geffen for $165 million, equivalent to 0.126% of his $131.3-billion net worth. The 9.4-acre Warner Estate was designed for late Warner Bros Studio chief Jack Warner in 1930s. It features guesthouses, tennis court, swimming pool and a golf course.

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