Coronavirus India Lockdown LIVE | After Olympics, IPL cancellation on the cards

0
10
Coronavirus India Lockdown LIVE | After Olympics, IPL cancellation on the cards

App

Moneycontrol App

Android AppiOS AppiPad AppAndroid TabBlackberryWindows AppWindows Tab

Moneycontrol

Moneycontrol

Get App

Select Language

Mar 25, 2020 02:16 PM IST | Source: Moneycontrol.com

Global cases at 372,000, India records 562 infections, 10 deaths; WHO says $70mn raised in 10 days from COVID-19 Solidarity Response Fund


The coronavirus (COVID-19) pandemic has spread across 190 countries infecting 4.2 lakh people and killing 16,500 so far. In India, as many as 562 COVID-19 cases have been reported so far. Of these, 37 have recovered and 10 have died. On March 24, Prime Minister Narendra Modi annouced that the country would go under 21-day lackdown to combat the spread of the virus.

Infections are rapidly rising in Italy, France, Germany, Spain, United Kingdom and the United States. It has has a massive impact on the global economy and stock markets. Catch the latest updates here:


  • March 25, 2020 02:13 PM IST

    All companies from digital indistry have decided upon temporarily defaulting HD & ultra-HD streaming to SD content or offering only SD content, at bitrates no higher than 480p on cellular networks until April 14. #IndiaFightsCorona

    — Prasar Bharati News Services (@PBNS_India) March 25, 2020

  • March 25, 2020 01:44 PM IST

    Coronavirus Global Update | Trump, Congress agree on $2 trillion virus rescue bill: AP

    The White House and Senate leaders of both parties announced agreement early on March 25 on unprecedented emergency legislation to rush sweeping aid to businesses, workers and a health care system slammed by the coronavirus pandemic.

    The unprecedented economic rescue package would give direct payments to most Americans, expand unemployment benefits and provide a $367 billion program for small businesses to keep making payroll while workers are forced to stay home.

    One of the last issues to close concerned $500 billion for guaranteed, subsidized loans to larger industries, including a fight over how generous to be with the airlines. Hospitals would get significant help as well.

    The unprecedented economic rescue package would give direct a one-time payment of $1,200 per adult and $500 per child directly to the public.

  • March 25, 2020 01:34 PM IST

    Coronavirus India Update | Online travel firm MakeMyTrip’s top executives Deep Kalra and Rajesh Magow have decided to draw ‘zero salary’ from April 2020, while the rest of its leadership team will take a reduction of around 50 percent in their compensation amid the COVID-19 outbreak. 

    “On people costs front, both of us will take the lead and take zero salary effective April 2020, while the rest of our leadership team have also offered to take a reduction of approximately 50 percent in their compensation,” Kalra and Magow said in a message to company’s employees. The group is reviewing operating costs and plans to undertake multiple tough measures to keep overall expenses at a minimum. Read More here

  • March 25, 2020 01:21 PM IST

    Coronavirus India Update | As the coronavirus pandemic has drastically impacted revenues of the aviation sector, GoAir CEO Vinay Dube stated on March 25 that all employees will be taking a pay cut in March.

    During the last few weeks, GoAir has already taken some cost cutting measures — it has laid off its expat pilots, asked its employees to go on leave without pay on a rotational basis, and announced that its top leadership would be taking a pay cut of up to 50 per cent.

    Dube told employees in an official communication, “Under the current conditions we find ourselves in we are left with no choice but to extend salary cuts for all of us for the month of March. We will ensure that the lowest pay grades suffer the least.”

    Read More here

  • March 25, 2020 01:08 PM IST

    Grofers co-founder Albinder Dhindsa on twitter: 

    Update- we have been able to open the facility. Working on resuming supplies within 24 hours. Thanks to CP Faridabad and the entire administration.

    — Albinder Dhindsa (@albinder) March 25, 2020

  • March 25, 2020 12:58 PM IST

    Coronavirus India Update | E-commerce company status

    – Flipkart suspends services

    – Amazon India temporarily stops taking orders, disabled shipment of low-priority products

    – BigBasket said its services are inoperational  

    – Milkbasket on March 22 had faced disruption in delivery of even essential products to their customers

    – Grofers reopens, issue sorted with local law enforcement, says co-founder Albinder Dhindsa

Copyright © e-Eighteen.com Ltd All rights resderved. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express writtern permission of moneycontrol.com is prohibited.

Read More

Loading...

LEAVE A REPLY

Please enter your comment!
Please enter your name here