India’s gig economy goes off the rails as the coronavirus crisis deepens – Livemint

Led by online food delivery firms Zomato and Swiggy, ride-hailing companies Uber and Ola, online homestay brand Airbnb, hospitality chain Oyo and a host of other shared economy companies,... Read more »

Big-4 firms defer promotions, appraisals, bonuses and salaries amid virus crisis – Livemint

MUMBAI : Leading consultancy and audit firms have taken definitive steps relating to human capital even as India Inc. tries to gauge the impact of the Covid-19-related slowdown and... Read more »

False positives from private covid testing labs put govt labs in a fix – Economic Times

MUMBAI: Individuals who have approached private labs for detection of Covid-19 might see a delay in their results as fear of false positive results detected in certain labs has... Read more »

Coronavirus Pandemic: Mahindra To Manufacture Face Shield From March 30 – CarandBike

The company will kick start production at its Kandivali facility from March 30, 2020 and will manufacture 500 units to begin with and then look to ramp up production.... Read more »

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IndiaNivesh shuts PMS business amid Covid-19 outbreak, market volatility – Livemint

IndiaNivesh Investment Managers has decided to wind up its portfolio management services (PMS) business due to market turmoil and difficult economic circumstances due to ongoing covid 19 outbreak. “In... Read more »

Coronavirus pandemic: Fitch Ratings downgrades long term IDRs of 3 NBFCs – Moneycontrol

Fitch Ratings has downgraded long-term issuer default ratings of three NBFCs on increasing macro-economic challenges following coronavirus pandemic. These non-banking financial companies are Shriram Transport Finance Company Limited (STFC),... Read more »

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RBI cuts rate by 75 bps, steepest in over 10 years; you can defer EMIs by 3 months – Times of India

MUMBAI: The Reserve Bank of India on Friday cut interest rates by 75 basis points (bps)—the sharpest in over a decade. It also made available Rs 3.74 lakh crore... Read more »

RBI brings out the big guns, cuts rate by 75bps to 4.40% – Livemint

MUMBAI : The Reserve Bank of India (RBI) cut interest rates by the most in a decade, pledged to add ₹3.7 trillion in banking system liquidity and offered a... Read more »