India’s factory activity shrinks for 3rd straight month

NEW DELHI: Manufacturing downturn in India eased markedly in June as output and new orders fell but at slower rates, and firms recorded another sharp reduction in employment, a private survey showed on Wednesday. The IHS Markit India Manufacturing PMI was 47.2 in June from 30.8 in May.As per the report, contributing to the further … Read more India’s factory activity shrinks for 3rd straight month

Maruti Suzuki sales drop slows in June at 53.7%

The country‚Äôs largest carmaker Maruti Suzuki reported a decline of 53.7% to sell 52,300 units last month. The company had sold 113,031 units in the year-show period. Sales for the company fell across segments. While sales of mini cars Alto and S-Presso declined 44.2% to 10458 units in June, those of compact cars (Swift, DZire, … Read more Maruti Suzuki sales drop slows in June at 53.7%

TikTok CEO Kevin Mayers addresses employees, says will do everything restore the app

Bengaluru: TikTok Chief Executive Kevin Mayer in a video townhall to employees in India that the short-video platform has encountered an unfortunate challenge in the country, and is working with stakeholders to address their concerns.His comments come after the Indian government banned 59 Chinese apps, citing data privacy security concerns. ByteDance, which owns TikTok and … Read more TikTok CEO Kevin Mayers addresses employees, says will do everything restore the app

The one game where Mukesh Ambani is not getting a walkover

the-one-game-where-mukesh-ambani-is-not-getting-a-walkover

A storm could be brewing in India’s top-flight soccer, a glamorous and acrimonious world that encompasses Asia’s richest man, the cream of Bollywood and a self-styled former gangster. Mukesh Ambani, the billionaire tycoon who commands the Reliance Industries corporate empire that owns the Indian Super League, is facing pushback to his family’s dominance from some … Read more The one game where Mukesh Ambani is not getting a walkover

Office sector to see green shoots of recovery by 2021 led by de-densification and expansion by corporates

office-sector-to-see-green-shoots-of-recovery-by-2021-led-by-de-densification-and-expansion-by-corporates

Office occupiers are now considering de-densification of workplaces, better building ventilation and cleaning, voice or motion activated doors and elevators to reduce the number of points of contact, and anonymous reporting of sickness amidst growing cases of COVID-19 in the country.ET Bureau|Last Updated: Jul 01, 2020, 12.24 PM ISTAgenciesOffice occupiers are now considering de-densification of … Read more Office sector to see green shoots of recovery by 2021 led by de-densification and expansion by corporates

Majority of hotel operators expect up to two-year revenue recovery period: JLL

majority-of-hotel-operators-expect-up-to-two-year-revenue-recovery-period:-jll

According to the survey, only 20% of the operators believe that their hotels could bounce back to 2019 Revenue Per Available Room or RevPAR levels within 6 to 12 months. Whilst 60% believe that their portfolio should be back on 2019 levels between 13 and 24 months from now.Last Updated: Jul 01, 2020, 12.20 PM … Read more Majority of hotel operators expect up to two-year revenue recovery period: JLL

17-yr-old’s website to get migrants back to work

17-yr-old’s-website-to-get-migrants-back-to-work

The Covid-19 lockdown led to millions of migrants moving out of the big cities to their villages and the resultant loss of livelihood. With increasing unemployment rates and financial distress, Akshat Mittal, has launched a service to get these migrant labourers back to work. The country is now in the midst of Unlock 2.0 and … Read more 17-yr-old’s website to get migrants back to work

South Korea says to begin talks to purchase COVID-19 drug remdesivir in August

south-korea-says-to-begin-talks-to-purchase-covid-19-drug-remdesivir-in-august

South Korea has started distributing stocks of the COVID-19 treatment remdesivir which have been donated by Gilead Sciences Inc and plans to begin talks to purchase more supplies in August, its disease control agency said. “Patients who are eligible for remdesivir are limited to severe patients with pneumonia and in need of oxygen therapy,” the … Read more South Korea says to begin talks to purchase COVID-19 drug remdesivir in August