About two-thirds of the 4.3 mn ITBPO workforce across the country have moved to a work-from-home model.
Adani said the group employees contributed about Rs 4 crore towards the Covid-19 relief efforts and Adani Foundation matched it with another Rs 4 crore to take the total to Rs 8 crore relief projects in India.
CK Birla group on Saturday said it will contribute Rs 35 crore to help the government fight against Covid-19 pandemic.
A no. of global companies - with a large presence in India have assured employees that there will be no or insignificant layoffs while the Covid-19 outbreak continue.
A Mumbai sessions court granted interim bail to former IL&FS vice chairman Hari Sankaran and former MD of IL&FS Financial Services Ramesh Bawa on Friday, accepting the Covid-19 outbreak as a valid reason for providing relief to the duo accused in a case of alleged fraud.
SsangYong and its labour union had sought a fresh injection of equity from M&M to help the company fund its $406 million (₹3,532 crore) of requirements over the next three years.
They are doling out promotions, bonuses and hikes in a bid to stop top performers from jumping ship.
Top firms and new-age cos alike are putting staff well-being ahead of productivity issues amid Covid lockdown.
"Today we complete the ninth day of India's nation-wide lockdown and enter the 10th day. It is an intense, confusing and pivotal moment in time I am sure that many of you are struggling to adapt to many new realities all at once. If there is one thing I want you to know, it is simply that we understand your situation, and we are here with you and your families," he said.
Indian companies are advising employees to adopt simple health measures during this prolonged shutdown to be physically and mentally upbeat. The two main tenets companies are focussing on are diet and workout, while requesting inhouse doctors and nutritionists to chalk out a weekly meal and workout plan that can be easily monitored.
Terming the coronavirus pandemic as a "crisis of a magnitude that we have never faced before" Mahindra Group Chairman Anand Mahindra on Thursday asked employees of the conglomerate to use the lockdown period to relook at personal and professional way of life to prepare for the future and to serve the "post corona world".
Severe cash flow issues making it tough to follow govt directive to pay workers; more lockdown will worsen it.
“In such critical times, it is of utmost importance and urgency that we all come together and support the marginalised sections of the society, along with those who are in dire conditions,” said chairman Pawan Munjal.
Stakeholder capitalism is about ensuring the long-term preservation and resilience of the company, and embedding a company in society. In this sense, a short-term economic crisis, like this Covid-19-induced one, reveals which companies truly embodied the stakeholder model, and which ones only paid lip service to it, while maintaining fundamentally a short-term profit orientation.
The Action Covid Team (ACT) Grants, which is possibly a first-of-its-kind initiative globally, has already received about 40% of its target corpus, with some of the country’s top entrepreneurs also coming on board to not only provide capital, but also identify ventures that may be still at an ideation stage.
Patel has over more than three decades of the experience in my line and HR functions. After gaining work experience in (Mechanical Maintenance & CHP Operation) and Employee Development Centre (EDC) at Korba, he took a leap in his career and switched to core HR functions in 1997, an official statement said.
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