India News Headlines: Latest India Business News 6th April 2020
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- Hotels in India are offering their rooms for free or at heavily subsidized rates to healthcare providers. They are also using their kitchens to prepare meals for needy.
- India’s real estate sector is bracing for the worst amid cash flow pressures and the three-week lockdown.
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Latest India Business News 6th April 2020
- Promoters of Hero MotoCorp, Bajaj Auto, and Tata Motors have reportedly started making open market purchases of equity shares and other financial instruments as equities crash due to COVID-19.
- IT teams of companies are under pressure to enable remote work to lower security protocols. This comes as remote workers accessing their company networks from personal devices at home make it easier for hackers to breach cybersecurity.
- ITC has volunteered to help 3 NGOs to provide essential supplies to needy
- The Tourism body IATO urged the government to provide relief measures to the tourism industry to overcome the COVID-19 crisis.
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Latest India Business News 6th April 2020
- Regional airline, Air Deccan on Sunday announced ceasing its operations until further notice and all employees have been put on sabbatical, without pay.
- MG Motor India is planning to produce ventilators at its Halol facility and is in talks with 3 medical device makers for the same.
- ONGC sent an SOS to the government to seek cut in cess and to provide royalty & free gas price to help the company survive.
- Radhakishan Damani donated Rs 100 crores to PM CARES Fund and also contributed Rs 55 crores to several state relief funds.
- FabHotels laid off over 100 employees as a result of its ‘resource optimization’ exercise to cut up to 20% salary.
- Netflix India on Saturday donated Rs 7.5 crores to Producers Guild of India to help daily wage workers form the entertainment industry.
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