“The pandemic and consequent lockdown have led to a significant drop in the number of office-goers, changes in the restaurants' supply and customer preferences shifting towards prioritising for essential supplies as they stay indoors,” a Swiggy spokesperson told Moneycontrol. … [Read more...] about Exclusive | Swiggy suspends meal-for-one offering POP as virus hurts business
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An economy is often described to be in a recession when real GDP contracts in two successive quarters. India’s GDP grew 4.1 percent in October-December 2019 and 5.7 percent in 2018-19. Gross value added (GVA) grew 3 percent in January-March 2020, compared to 3.5 percent in the previous quarter and 5.6 percent in the same quarter of FY 20. … [Read more...] about Business Insight | Decoding GDP numbers
Business as usual creates missed opportunity The first way will be to adjust health and safety practices—which should be the bare minimum for every company—and go back to operating in relatively the same manner as before the coronavirus outbreak. Perhaps employees will now be allowed to work remotely, but aside from a few minor changes, things will look pretty similar to the way they once were. Unfortunately, because of the negative impact this pandemic will have on women’s careers, most companies’ new realities will include fewer women. … [Read more...] about The pandemic could fix the workplace gender gap (or make it wider)
Cara Brennan Allamano, senior vice president of people, places, and learning at Udemy, says that planning to offer such provisions can go a long way to make people feel they are being treated with the same respect on their way out of the company as they did on their way in. “I really admire how a Udemy for Business customer decided to continue providing online learning resources to laid-off individuals,” Brennan Allamano says. “They found a tangible way to support people even when they could no longer be with the company.” … [Read more...] about This is what a compassionate layoff looks like
In Wipro, after CEO Vivek Paul's exit in 2005, Azim Premji assumed the role for three years till 2008. Between 2008 and 2011, the company was led by Girish Paranjpe and Suresh Vaswani, both of them old-timers, who quit in 2011 on grounds of personal reasons. By then, Wipro's growth began to slump. … [Read more...] about Wipro’s new CEO: Can foreign executives succeed in Indian IT firms?