Central government may cut threshold for gratuity

Central government may cut threshold for gratuity

By Administrator_India Capital Sands The government is considering easing the minimum eligibility condition for gratuity payments to employees from five years of continuous employment as shorter tenures are increasingly becoming the norm in India, government officials said. Labour market experts said the five-year threshold is outdated and no longer serves the interest of employees. Trade unions claim […]

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Tata steps up to build e-commerce app to take on Amazon, Reliance

Tata steps up to build e-commerce app to take on Amazon, Reliance

By Administrator_India Capital Sands India’s Tata Group, the sprawling $111 billion jewelry-to-salt empire, is getting a huge digital makeover. The conglomerate is building an all-in-one e-commerce app for its swathe of consumer products and services, a person familiar with the matter said. The prototypes, which consolidate all of the group’s consumer-facing businesses and existing online assets, are […]

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Serum Institute says claims surrounding COVISHIELD’s availability in 73 days are false

Serum Institute says claims surrounding COVISHIELD’s availability in 73 days are false

By Administrator_India Capital Sands Serum Institue of India  issued a statement on August 23, clarifying that all claims surrounding the availability of its COVID-19 vaccine, COVISHIELD, in 73 days are false. “Presently, the government has granted us permission to only manufacture the vaccine and stockpile it for future use,” SII said in a statement they […]

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Parliament panel summons Facebook on Sept 2 as hate speech debate grows

Parliament panel summons Facebook on Sept 2 as hate speech debate grows

By Administrator_India Capital Sands The parliamentary standing committee on Information Technology has summoned Facebook on September 2 to discuss the issue of alleged misuse of social media platforms in the wake of claims that the US firm did not apply hate speech rules to certain BJP politicians. A day before, the panel will also discuss the issue of internet shutdowns. Besides […]

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Softbank dispatches senior executives to help Covid-19 hit Oyo

Softbank dispatches senior executives to help Covid-19 hit Oyo

By Administrator_India Capital Sands SoftBank Group Corp. is dispatching two executives to help Oyo Hotels, one of the largest startups in its portfolio, right its virus-stricken business in Japan, according to people familiar with the matter. Oyo Japan, a joint venture between the Indian online hotel operator and SoftBank’s domestic telecoms unit, is creating a six-member management oversight committee […]

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