After firing about 10% of its staff and shutting operations in small towns and the UAE, Curefit founders Mukesh Bansal and Ankit Nagori have told their employees they don’t see the environment around them coming back to ‘full normal’ until a vaccine for the virus is found. Curefit, which has come under fire from several […]
Archives for May 2020
Nokia and ABI Research identify key trends in manufacturing investment to enable Industry 4.0
74% of manufacturing decision-makers surveyed plan to upgrade comms and control networks in next two years to advance digital transformation and Industry 4.0 More than 90% are investigating use of 4G/5G for their operations 84% that are considering 4G/5G will deploy their own local private wireless network in their manufacturing operations Nokia has partnered with […]
Reliance in talks to buy e-pharmacy Netmeds
Mukesh Ambani’s Reliance Industries is in advanced discussions to acquire a majority stake in online pharmacy Netmeds as part of its broader play in commerce, said three sources familiar with the development. The deal may see Reliance, through one of its subsidiaries, pay $130-150 million for the asset, which may also include a fresh infusion […]
FMCG to apparel, discounts to make a comeback soon
It’s almost back to business for consumer incentives in FMCG and grocery chains, online and brick and mortar. Discounts, cashbacks, bank and digital wallet offers are reappearing. And consumers may soon also see large apparel retailers, other big brands and ecommerce majors rolling out huge discounts across categories as soon as most markets and malls […]
Airbnb cuts 1,900 jobs as Covid-19 hits home rentals
Airbnb is laying off 25% of its workforce, or nearly 1,900 employees, the home rental startup said on Tuesday, as the COVID-19 pandemic brings global travel to a near standstill. “Airbnb’s business has been hit hard, with revenue this year forecasted to be less than half of what we earned in 2019,” founder Brian Chesky […]
Love during lockdown: How Covid-19 is changing online dating
How do you find love when you’re stuck at home? The coronavirus pandemic has made that challenging, to say the least. But millions of single Americans are finding ways. Some have attempted socially distanced outings, others have turned to steamy video chats, while still others have tried international online dating as people adapt the art […]
Rural India to drive Internet usage in the country: Report
Illustration: Rahul Awasthi Rural India is expected to have 304 million monthly active internet users by year-end, market research company Kantar said in a report shared exclusively with ET. If one uses the internet at least once in 30 days, he or she is tagged as a monthly active user in industry parlance. Kantar estimates […]
Platforms hear disturbing facts from ‘Bois Locker Room’
A case involving a bunch of schoolboys from the National Capital Region on Instagram – a group called “Bois Locker Room” who are said to have made lewd and objectionable remarks about women and mentioned rape and gang-rape, among other things – has once again turned the spotlight on social media platforms and their approach […]
Job openings declined for six consecutive weeks, but now moderating
More than 1 in 4 job openings closed as an economic response to the COVID-19 pandemic, dropping to levels unseen since 2014, reports Glassdoor research. The dramatic decline of job openings–28% between early March and April 27–is finally somewhat leveling out, a new report from Glassdoor indicated. Supported by figures from the Bureau of Labor […]
VPN Concerns with Unplanned Remote Employees
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