Page 2036 - Coronavirus

Lockdown impact: Online gaming sees over 100% spike in traffic, OTT at 198%

Also, OTT traffic surged 198.68 per cent, hosting traffic (storage space and access for websites) went up by 62.78 per cent, ISP traffic increased by 54.38 per cent

Covid -19 impact: UK economy may shrink by 13% in 2020, the most in 300 yrs

In the April-June period alone, economic output could plunge by 35%, with the unemployment rate more than doubling to 10%, the Office for Budget Responsibility (OBR) said

RBI wants banks to take call on package, moratorium extension for NBFCs

The approach, according to people familiar with the RBI, is that the regulator can only enable the banks to take such commercial decisions

Amul brings nostalgia back in ads to stay relevant amid Covid-19 lockdown

Leaning in on nostalgia and its long-standing relationship with customers, the legacy brand strives to be seen and heard amidst a lockdown

Covid-19 crisis a major threat to stability of global financial system: IMF

Policymakers have already taken "decisive" fiscal and monetary policy steps to soften the impact of the pandemic, the IMF said

GlaxoSmithKline, Sanofi strike deal to develop coronavirus vaccine

The drugmakers said they expect to start clinical trials for the vaccine in the second half of this year.

AstraZeneca plans to test new cancer medicine in coronavirus battle

The treatment for lymphoma may lessen the severity of respiratory distress by reducing the inflammation caused by the new coronavirus

Covid-19: CARS24 offers employees ESOPs in lieu of voluntary pay cut

The company, whose founders have decided to forego their salaries for the next six months amid the Covid-19 crisis, said the employees will get ESOPs worth two times the amount they invest

TVS SCS launches Corona Kavach, to focus on 90-day plan to combat lockdown

TVS Supply Chain Solutions, part of the $8.5 billion TVS Group, said that it is focusing on a 90-day plan to combat the national lockdown due to coronavirus

Covid-19: IndiGo plans to restart operations from May 4, slash capacity

Airline will also follow strict zonal boarding process to prevent grouping of flyers

Indian banks issue gag orders to employees over overcrowding: Reports

Some branch staff have complained on social media of the difficulty in imposing social distancing in such conditions, earning a rebuke from employers and even from the police

Lockdown impact: Tea firms see huge price surge in May due to scarcity

The shortfall in March and April has been exacerbated with the panic purchase of 50 million kg of existing inventory

Coronavirus impact: Mid-tier IT companies at more risk than big players

Exposure to smaller clients and dependence on higher number of small deals could be seen as weak links for the firms in the current environment.

Microfinance Industry most vulnerable to lockdown and moratorium

As first order impact, collection cycle may be hit, while lack of moratorium-relief from banks may squeeze out liquidity

Lockdown: Railways to cancel 3.9 mn tickets as operations remain suspended

All passengers will, however, get a full refund for tickets booked on the now cancelled trains as well as for those booked in advance

Coronavirus lockdown sends prices of grey-market alcohol soaring

Higher availability of disposable income and a burgeoning urban population has led to an increase in alcohol consumption in India over recent years

Extension of coronavirus lockdown set to keep retail inflation elevated

Retail headline inflation in March 2020 fell to a four-month low of 5.9 per cent, 0.7 per cent lower from a month ago and 3.1 per cent higher than the corresponding month a year ago

Trai asks telcos for data on recharge pattern of prepaid users in lockdown

The communication from the regulator has gone to all operators, including state-owned telecom companies

US allows H-1B visa applicants to continue in country, cites coronavirus

Indians are the biggest beneficiaries of the H-1B visa programme, but many of them are stranded in the US.

Businesses can claim GST refund for services, goods contract cancellations

The CBIC issued a set of clarifications in view of certain challenges being faced by taxpayers in adhering to the compliance requirements following the coronavirus outbreak