While the intent to spend is definitely there, consumers in the COVID normal are going to be far more cautious than ever before, given the large scale job losses and pay cuts
Monthly Archives: July 2020
Coronavirus impact: Swiggy to lay off 350 employees
The company is concluding the exercise it began late May and there are no plans for any further restructuring, Swiggy said
Supply of medical equipment to India reciprocation of earlier help: Israel
India had on April 7 sent to Israel medical equipment and five tonnes of medicines, including hydroxychloroquine. Israeli Prime Minister Benjamin Netanyahu had reached out to his Indian counterpart Narendra Modi with a special request for the supplies
Coronavirus vaccine: Moderna, Pfizer kickstart final-stage trials, aim for year-end launches
Both vaccine candidates rely on a new technology that allows for faster development and manufacturing than traditional vaccine production methods but does not have an extensive track record
Tech Mahindra Q1 profit rises 1% to Rs 972 crore, revenue up 5%
In dollar terms, Tech Mahindra’s net profit rose 18.2 per cent QoQ to $128.8 million, while revenue were down 6.7 per cent QoQ to $1,207.5 million
PVR, Inox Leisure stocks gain up to 11% on reports cinema halls may open from August 1
PVR share price gained 6.33% to Rs 1,172 against previous close of Rs 1,102 and Inox Leisure stock rose to Rs 267.5, a gain of 11.34% intra day
AI can add 2.5% to GDP with policy push, investment: NASSCOM
With the private sector betting big on AI in India, AI startups have seen an increase in funds and also the rounds of funding. As per estimates, Indian AI market for start-ups attracted $762.5 million in 2019
4G auction: Private telcos may not be allowed to buy equipment from Chinese vendors
The report also said that similar restrictions may be imposed on equipment related to the 5G spectrum, whenever an auction is planned
Indian economy to see sharp V-shaped recovery in the next two quarters: N K Singh
Stating that global economic depression will continue to cast shadow on growth prospects next fiscal, Singh said the economic expansion in 2022-23 would determine whether or not the initiatives to revive growth are sustainable
India’s third plasma bank inaugurated in Noida
The blood plasma from the bank will be used to moderate the condition of serious COVID-19 patients if the need arises. The price per unit as been set as Rs 10,500 for the general public