India News Headlines: Latest India Business News 27th April 2020

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Read Latest India Business News 27th April 2020:

Quote of the Day: “I never dreamed of Success. I worked for it.” – Estee Lauder

  • TCS has plans to introduce its new model called 25/25 post COVID-19. This plan will ask majority of 75% of its 4.48 lakh employees to permanently work from home, up from the average of 20% today. NG Subramaniam, TCS CEO, said, “We don’t believe that we need more than 25% of our workforce at our facilities in order to be 100% productive.”

latest india business news 27th april 2020

  • With the lockdown impacting businesses and their revenue, 47% of Indian startups including Swiggy, Oyo, Meesho, Udaan, and VOGO have either laid off or furloughed their staff. Reports also suggest that their capitals in the bank have started to dry up.

Must Read: Coronavirus: Do you know how challenging it is for Doctors and healthcare workers to work while wearing a PPE Suit?

Latest India Business News 27th April 2020

  • T.V. Narendran, CEO and MD, Tata Steel and VP Confederation of Indian Industry said he was hopeful on the medium to long term prospects of the steel industry.
  • VS Kundu, Gurugram metropolitan authority CEO and Haryana additional chief secretary said, “MNCs, BPO firms, and ITeS providers are all exploring ways to let their employees work from home until July.”
  • Commuting for employees and transporting goods are both key challenges in restarting businesses despite measures to ease the lockdown.
  • Over the past few weeks, several startups have laid off contractual workforce after business volumes were impacted due to the lockdown, majorly logistics and operational restrictions.
  • Swiggy on Sunday said it has partnered with AAVIN to retail dairy products.

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Latest India Business News 27th April 2020

  • Motherson Sumi Systems is eyeing new acquisitions despite the company’s sharp increase in debt level.
  • The Facebook-Jio deal could pave way for cryptocurrencies in India as Facebook owns the digital currency, Libra.
  • Anil Deshmukh, Maharashtra Home Minister said, the CBI took DHFL promoters Kapil and Dheeraj Wadhawan into custody in the Yes Bank scam.
  • JioMart, 3 days after signing a commercial pact with Whatsapp, went live in the suburban Mumbai areas of Navi Mumbai, Thane and Kalyan.
  • Bira91 on Saturday said it raised $30 million in funding led by Sequoia India and Sofina
  • NTPC on Saturday said it is providing uninterrupted electric supply despite the current lockdown.
  • PR Caravan, a Delhi startup, aims at capitalising on new awareness levels among people around sanitation and hygiene. This firm founded by Parveen Kumar and Santosh Bala, is targeting institutional and retail segments to grow its business by offering an ultrasonic surface sanitising solution.
  • To tackle the corona crisis better, companies across the world have been warned to guard themselves against fake news, also called, ‘infodemic’.
  • ICICI Prudential Life on Saturday reported a dip in Q4 net profit by 31% to Rs 179.5 crores.
  • Udaan, a B2B commerce startup, laid off over 2,000 contractual employees as the covid-19 hit supply chains.

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