Latest India Business News 25th March 2020

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Quote of the Day: “The problem is not lack of resources or capability, but the lack of will.” – Bal Gangadhar Tilak

  • Flipkart has temporarily suspended all its services in India post PM Narendra Modi’s call for complete lockdown in the country to curb the spread of the Coronavirus.
  • IT sector veteran T.V. Mohandas Pai on Tuesday said that the government must allow 25-35 % of total staff of information technology companies to work from their campuses because they maintain systems of their clients worldwide.

latest india business news 25th march 2020

  • Facebook is in talks to buy a multibillion dollar stake in Reliance Jio in order to expand its presence in the Indian digital market.
  • Coca-Cola on Tuesday said that it temporarily suspended all its production at different manufacturing facilities, following the lockdown imposed by the government.

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Latest India Business News 25th March 2020

  • Youtube, in wake of the COVID-19, has planned to reduce quality of its videos starting Tuesday. This comes as a result to ease internet traffic during the current outbreak.
  • IndiGrid on Tuesday announced acquisition of a transmission asset from Sterlite Power at a valuation of $134 million.
  • ICPA, Air India’s union, on Tuesday wrote to chairman of the airline to release salary flying allowance for January that constitutes 70% of salary of pilots.
  • Home rental and student housing startups are offering special rates and flexibility to help students and young professionals find accommodation at short notices.
  • Bigbasket on Monday said it acquired a 100% stake in Bengaluru-based milk delivery app, DailyNinja.

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Latest India Business News 25th March 2020

  • IndiGo assured its employees that it won’t make any deduction in their salaries or leaves till March 31.
  • Hero Cycles set up a Rs 100 crore contingency fund to help associates, venders, dealer partners, and states fight COVID-19.
  • Infosys on Tuesday got a clean chit from the US SEC in the whistleblower complaint case.
  • McDonald split up it’s logo to promote social distancing.
  • Cognizant on Monday entered an agreement to acquire US-based Lev to expand its digital capabilities.

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