Translate

Post Your Self

Hello Dearest Gameforumer.com readers

Its your chance to get your news, articles, reviews on board, just use the link: PYS

Thanks and Regards

Monday, March 23, 2020

economic news of india - world economic news - economics news for students - indian economy news

economic news of india - world economic news - economics news for students - indian economy news


In locked down India, world's back offices have it the worst

Posted:

Companies in India are scrambling to ensure that the millions who staff the back offices of Wall Street banks and take on work outsourced by firms from airlines to insurers can keep going as the nation mandates increased work from home amid a spike in coronavirus cases.UBS Group AG, Deutsche Bank AG & other global giants are working with industry trade group Nasscom to ensure Indian states classify such work as essential services so staff can continue to work from offices if required.Infosys Ltd., Tata Consultancy Services Ltd. and other Indian firms that employ more than four million people in tech hubs such as Bengaluru, are also requesting that their clients relax non-disclosure and other privacy rules so that employees who must stay at home during the lockdown can still do their jobs."Moving millions of desktops to employees' homes, configuring software to allow for slower bandwidth and ensuring cybersecurity - it's a mind-boggling physical and logistical exercise that our companies are in the midst of right now," Keshav Murugesh, chairman of Nasscom, said in a phone interview.The move by Prime Minister Narendra Modi to impose a lockdown Sunday across most of India poses a significant challenge for banks such as JPMorgan Chase & Co. as well as India's $181 billion outsourcing industry that handles everything from trade settlements to airline reservations for British Airways and insurance claims.Nasscom is asking state governments to grant special exemptions for their industry to ensure some workers can go to the office, where they have access to essential databases and reliable high-speed internet -- which most workers lack at home. While many states, including Karnataka, where Bengaluru is based, and Mumbai's state of Maharashtra have already granted data centers "special status," it's not across the board."Employee safety is paramount but we are also focused on keeping operations running without stoppages," Murugesh said.Privacy ConcernsPrivacy is also an issue, with the prospect of millions of workers processing sensitive data from home. Outsourced work from the world's largest banks, insurers, airlines and retailers are governed by strict non-disclosure agreements. Many companies don't allow employees to even carry their phones in the workplace for fear of compromising clients' confidentiality clauses, and restrict access to certain areas to only those working on the project.India's data centers are vital for many global finance firms. Barclays Plc has more than 20,000 staff in India's back offices, tending to all tech solutions globally. Deutsche Bank employs 10,000, while JPMorgan has about three times that many. Barclays has "significantly reduced" the number of staff working from its Indian offices, while most Deutsche Bank staff are also working from home, according to bank statements.UBS says about 90% of its 6,000 employees in India are working from home. The Swiss bank has drawn up a list of 600 essential staff who can go to the office and will be offered meals, and transport in cars regularly cleaned with sanitizer, according to people familiar with the bank's plans.Mumbai-based Tata Consultancy, or TCS, has ordered 85% of its global staff to work from home, including the vast majority of its Indian employees, people familiar said."As part of the business continuity in this critical situation, we have enabled work from home for large number of TCS associates," the company said in a statement, adding its teams are on "war footing," to ensure smooth operations.Bengaluru-based Infosys didn't immediately respond to questions on the prevailing situation with clients and employees. Wipro Ltd. said its customers have been "supportive" of approving work from home arrangements.Cases SpikeThe coronavirus contagion that has arrived in India's big cities like Mumbai, Bengaluru and New Delhi is prompting a complete rethink on how work is executed, as experts warn that the densely-populated country of 1.3 billion people with limited health-care infrastructure could soon be hit by an avalanche of cases.The recent spike prompted the Modi government to recommend sweeping lockdowns and transportation curbs. All passenger and commuter trains were suspended until at least March 31. By Monday, the country had reported 415 cases, including seven deaths. Many states began implementing curfew-like restrictions -- barring more than five people from assembling in public."In the longer term, a completely new outsourcing model has to evolve," Murugesh said.State ApprovalIndia's federal structure of governance has thrown up its own share of complications for companies. While the central government can advise regional governments to classify information technology and back office work as "essential services" allowing them to be exempt from lockdowns, only regional governments can amend the rules to allow such an exemption.Outsourced work such as the back-end of stock markets, airline bookings and medical insurance claims that can't afford a "split-second latency" will need to be carried out from offices that already have the necessary infrastructure. Confidentiality concerns around work such as drug development and regulatory needs will also require employees to work from offices."Both the central government and many state governments Karnataka and Maharashtra have been extremely helpful in declaring our industry as essential services," said Nasscom's Murugesh, who is also the group chief executive officer of WNS Global Services.Most IT services and back office services companies based in India have already received the required approvals to work from home, said Sangeeta Gupta, senior vice president and chief strategy officer at Nasscom. "The remainder should be hearing from their clients in the next couple of days," she said.--With assistance from Cathy Chan and Suvashree Ghosh.

548 districts in India under covid lockdown

Posted:

NEW DELHI: India will intensify the Covid-19 lockdown by stopping all domestic flights from midnight on Tuesday and said those out and about without good reason could face arrest and jail time. The infection count rose to 468 on Monday from 396 the day before while the death toll rose to nine. Maharashtra and Punjab stepped up the shutdown already prevailing in the states by imposing a full curfew, as did Puducherry.The Centre asked all states to take strict legal action against violators after Prime Minister Narendra Modi tweeted his displeasure amid TV pictures of people milling about in crowded markets and elsewhere."Many people are still not taking the lockdown seriously. Please follow directions seriously and save yourselves and your family. I urge states to get the rules and law followed," Modi tweeted.Apart from those classed as performing essential services, people venturing out could be arrested, fined up to Rs 1,000 and jailed for as much as six months. The global death toll exceeded 16,000 and infections rose to more than 366,000.Chief ministers, including Maharashtra's Uddhav Thackeray and West Bengal's Mamata Banerjee, had called on Prime Minister Modi to suspend domestic flights after other forms of public transport such as trains, metro systems and buses had been halted or severely restricted. Ticket prices shot up for those flights that would beat the ban.The capital's borders with neighbouring states such as Uttar Pradesh and Haryana were clogged with cars trying to get across. Police turned back those who couldn't show a valid reason for travelling.India also established a fast-track mechanism for validation of testing kits from domestic manufacturers by the Pune-based National Institute of Virology (NIV), in anticipation of a possible surge in cases over the coming weeks. The move will help Indian companies produce kits and supply them to private and government laboratories.Don't Fire Workers: PM to Industry LeadersPrime Minister Modi called on industry leaders and other stakeholders not to fire workers and said the outbreak's effects on the economy will be felt for some time to come, with sectors such as tourism, construction and hospitality being hit. He asked companies to maintain production of essential commodities and ensure there is no hoarding. Industry leaders and others who participated in the video-conference with him included Uday Kotak, Anil Agrawal, Sangeeta Reddy, Vikram Kirloskar, Venu Srinivasan and Naresh Trehan.The states will invoke Sections 188 and 269 of the Indian Penal Code, which are both bailable. As many as 30 states and union territories, totaling 548 districts, imposed total lockdowns. Maharashtra and Kerala have reported the maximum number of Covid-19 cases in the country at 89 and 67, respectively. Maharashtra's district borders will also be sealed, further restricting travel. Tamil Nadu and Assam announced a lockdown from Tuesday.The Prime Minister, who remained indoors at Lok Kalyan Marg residence all day, also held a video call with electronic media chiefs, during which he asked them to run awareness campaigns to persuade people to stay at home, ensure that they didn't get complacent and become careless besides countering pessimism and panic through positive communication.Cabinet secretary Rajiv Gauba underlined the need to be strict with violators in a letter to all state chief secretaries as did home secretary Ajay Bhalla in a video-conference with state police chiefs. The Centre will monitor the progress of such legal action in states, which have been asked to even impose additional restrictions if necessary.At least two state police chiefs told ET that action has begun against those who breached the lockdown and were not associated with essential services. The Centre has asked them to take action under the IPC, the Epidemic Diseases Act and the Disaster Management Act. "Arresting someone and taking them to the police station can act as a deterrent to others though they will be given bail there," one state police chief said.Section 188 implies violation of orders by a public servant that can endanger human life, health or safety. The other two sections that can be invoked, the state police chiefs said, were 269 and 270 for infected people flouting quarantine rules. These sections imply negligent acts and malignant acts respectively, to spread infection of disease dangerous to life.Sections 188 and 269 come with a jail term up to six months and a fine of Rs 1,000 and are bailable. Section 270 stipulates jail of up to two years. Singer Kanika Kapoor, who had tested positive for Covid-19, was charged by the Uttar Pradesh police under all the three sections for attending parties upon her return from the UK and not going into self-quarantine. The states and UTs that have now imposed full lockdowns include Delhi, Rajasthan, West Bengal, Kerala Chandigarh, Goa, J&K, Ladakh, Uttarakhand, Jharkhand, Bihar, Telangana, Andhra Pradesh, Chhattisgarh, Himachal Pradesh, Arunachal Pradesh, Nagaland, Haryana, Tripura, Karnataka, Assam and Gujarat. Maharashtra, Punjab and Puducherry have imposed curfews, as mentioned above. Uttar Pradesh has implemented a partial lockdown as has Madhya Pradesh and Odisha.

You may get more time to pay policy premium

Posted:

The Insurance Regulatory and Development Authority of India (IRDAI) has asked insurance companies to allow additional 30 days of grace period for payment of renewal premium for life insurance policies if desired by the policyholders. This was stated in a press release issued by the regulator today. In case of health insurance policies, the insurers may condone delay in renewal up to 30 days without deeming such condonation as a break in policy, says the release. However, insurers are requested to contact the policyholders well in advance so as not to have a discontinuance in coverage, it adds.To prevent the spread of Covid-19, the government has initiated various measures & several states have enforced lock-down in some areas. This may result in some disruption in the operations of insurance companies and other entities connected with insurance industry. To ensure proper service to policyholders and customers, all the insurers have been asked to maintain continuity of business operations through possible alternate modes including telephonic and digital contact. All insurance companies have been asked to display on their websites, the information on functioning of their offices and the alternate arrangements made for premium payments, renewal, settlement of claims and lodging of other service requests, as per the releaseIn the interest of smooth operation of affairs of insurance industry, IRDAI has permitted following in addition to the relaxation in grace period, says the release.In case of Board meetings of insurers, the meetings due till 30thJune, 2020 may be held through video – conferencing or other audio-visual means in accordance with Rule 3 of the Companies (Meetings of Boards and its Powers) Rules, 2014 as amended on 19th March, 2020.In case of submission of monthly returns for the month of March, 2020 by insurers and insurance intermediaries, additional time of 15 days will be allowed. Similarly, in case of quarterly returns, an additional period upto one month will be permitted.

Tech firms switch to video interviews to hire fresh talent

Posted:

MUMBAI: Technology companies are switching to the video conferencing mode to hire prospective candidates even as they brace for a larger slowdown in various business segments.Companies such as Cognizant, Wipro and NTT are using virtual meetings to interview and select candidates in an effort to carry out business as usual. However, onboarding of selected candidates is being postponed until April.CEO of Cognizant, Brian Humphries in a note to employees earlier this month said: "All our candidate interviews are now virtual and when we onboard new hires, they also undergo the same process we use for visitors to our facilities."In a similar email to employees, IT services peer Wipro said "face-to face meetings with potential candidates must not be scheduled until further notice", as the company takes to video-conferencing for hiring. Companies are also using this as an opportunity to use advanced applications within video-based platforms. N Murali, director - human resources & alliances at NTT India, said the company had ramped up video-based hiring in the past six months."I have already been looking at video-based (interviews), now more than ever," he said."It also opens a wider pool of people, resources to consider when you can use video effectively. First is to screen better—there are software tools available today... you can have pre-filled questions in the platform and the software has the intelligence to analyse the responses and see if a match is found. It can also detect when a person is not being sincere. When you are looking at a large pool of candidates and you have not narrowed down, you can use these tools to do that more effectively," he added.Experts from staffing firms suggested that video-based recruitment will be the norm in the coming weeks."Earlier, this kind of hiring used to be only 10-15% but now in the last two weeks, we see that face to face hiring has almost gone down to nil with our clients," said Sunil C, head - specialised staffing at TeamLease Digital.Staffing firms are also asking IT companies to build e-onboarding facilities given the uncertainty of when candidates can join companies. "We have asked customers to come up with e-onboarding facilities. They have promised that they would come back to us after March 31st, at this point, we see on-boarding moving to first week of April," said Sunil.

CERC postpones real-time power trading to June 1

Posted:

Kolkata: The Central Electricity Regulatory Commission (CERC) has postponed implementation of real-time power trading by three months to June 1 following requests from the industry. It was scheduled to start from April 1.Real-time power trading involves selling and buying power at the exchanges for same-day delivery. Trading on electronic platforms would be done every alternate 30 minutes for electricity to be wheeled after 1 hour 15 minutes. For the first time, any generator, including renewable power companies, would be allowed to sell power through the platform. According to plans, 48 trading slots will be available during the day for entities to sell or buy.At present, trading is done on a day-ahead model, where trading on a certain day is done for delivery the next day. The trading window remains open for two hours – from 10 am to 12 noon.

Everstone Capital in talks to sell 5 per cent in Burger King India

Posted:

New Delhi: Everstone Capital is in advanced talks to sell a 4-5% stake in Burger King India to private equity fund Oman India Joint Investment Fund (OIJIF), for an estimated ₹100-150 crore, weeks after the IPO of the India franchisee partner of the US-based fast-food chain was postponed.If successful, the transaction could close over the next two weeks, or by mid-April, sources aware of the developments told ET.Everstone Capital, the Singapore-headquartered India-focused mid-market private equity firm, owns 99.39% stake in Burger King India, through its investment vehicle QSR Asia Pte Ltd. When contacted, an Everstone spokesperson said there was strong investor interest in Burger King India and that any share sale prior to the IPO would constitute a pre-IPO sale, without specifically referring to its stake sale discussions. "Burger King India evinced strong response to its growth story and positioning during the recent IPO roadshows including requests for pre-IPO and anchor. Despite the current situation, there continues to be strong interest. Any sale prior to IPO would be a pre-IPO sale and not a PE stake sale," the spokesperson said in a written response. Separately, an email addressed to Srinath Srinivasan, chief executive of OIJIF, did not elicit a response till the time of going to press. Burger King India CEO Raj Verman did not respond to calls or text messages. Earlier this month, Burger King India postponed the launch of its Rs 1,000 crore initial public offering, in which Everstone was reported to be selling at least a fourth of its stake, after markets globally underwent a meltdown due to the Covid-19 pandemic. Everstone Capital had secured the exclusive rights to develop and operate Burger King branded restaurants in India in 2013. According to a report by VCCircle, citing sources, Burger King India's IPO approval is valid till January 2021 and may launch the offering as and when market conditions improve. "Burger King India is committed to IPO once the markets stabilise. There is no change in our plan for the IPO," the PE firm's spokesperson said. Priced at mass entry-level, Burger King competes directly with market leader McDonald's. It reported sales of Rs 644 crore in financial year 2018-19 while its losses reduced to ₹16 crore.OIJIF, which is backed by State General Reserve Fund of Oman, the sovereign wealth fund of Oman, and State Bank of India, is a growth capital private equity fund focused on investing in the mid-market segment in India. It launched its second fund, OIJIF Fund II with a target corpus of $300 million, and announced first closure at $220 million during January 2017. Reeling from the Covid-19 outbreak, India's Rs 4.2 lakh crore restaurant sector is staring at store closures, job losses and erosion of profitability. In a letter addressed to finance minister Nirmala Sitharaman, NRAI president Anurag Katriar has requested restoration of input tax credit, total and immediate deferment of statutory dues inclusive of GST, advance tax payments, PF, customs duties at the central government level and state excise, renewal of liquor licenses, and VAT at the state level for a period of twelve months. "Any deferment to the deal could be the valuations; the industry is facing severe headwinds," an industry official who has worked closely with Burger King said.Last month, burger and fries chain McDonald's, with its captive mass appeal and aggressive entry-level pricing, had named entrepreneur Sanjeev Agrawal, promoter of Delhi-based MM Agrawal Group, as developmental licensee for its operations in north and east India, nine months after it brought out former partner Vikram Bakshi's stake in their joint venture.

Downgrades begin: Brokerages cut estimates for stocks, sectors

Posted:

Brokerages have slashed target prices on shares of companies across sectors to reflect the cut in their earnings estimates amid the wide-scale shutdown in businesses in the wake of the spreading Covid-19 pandemic.Notable cuts in target prices have taken place in auto, auto ancillaries and diagnostics companies.Active Covid-19 cases in India have surpassed 400 and over 3.5 lakh cases world-wide, impacting both domestic and overseas businesses of companies.Last week, HSBC downgraded ONGC and Oil India to hold and cut target prices on them by 50-53% as earnings outlook materially deteriorated amid the sharp fall in both oil and natural gas prices.HSBC also cut earnings per share (EPS) estimates for ONGC by 4-45% and by 3-41% for Oil India.The firm has also estimated 4-6% decline in US dollar revenue forecasts for IT companies in the ongoing financial year, driven by Covid-19 impact and fears of a structural impact on demand environment in the US and Europe.Fast-moving electrical goods and consumer durables company Havells has also borne the brunt of target price cuts, by CLSA as well as Dolat Capital, as slowdown in construction activity has exacerbated the growth moderation being witnessed in Havells' core categories. CLSA has trimmed target price on Havells by 10% to Rs 590, while Dolat has downgraded the stock to 'reduce' besides cutting the target price by 17% to Rs 540.Brokerages also expect travel restrictions to impact Apollo Hospitals Enterprises due to lower volumes of high-margin international patients and elective surgeries in the short term. CLSA has trimmed target price on the stock by 12% to Rs 1,850.Motilal Oswal has cut consolidated EPS estimates on Endurance Technologies by 1-8% to factor in the impact of the global pandemic on the company's EU business.Brokerages have also sounded out warnings of earnings hit on companies which operate malls, multiplexes and run airlines.Kotak Institutional Equities said lower crude oil prices may not be enough to blunt the impact of Covid-19 situation. The brokerage has a sell-rating on InterGlobe with a fair value of Rs 900.Analysts believe earnings downgrades are set to continue with uncertainty looming over the extent of impact of shutdowns on various sectors.

This sector repeats its 2008 outperformance in another crisis

Posted:

As the saying goes, you miss the elevator maker only when the lift malfunctions, underscoring the nature of utility businesses — dull, unglamorous, but highly predictable. Through the 2008 financial crisis, when blue-chip investment banks were collapsing overnight, utility companies stood out amid the mangled debris. It's no different through the ongoing encore a decade later.Both Indian and global utilities firms outperformed their benchmark indices by at least 10 per cent during the 2008 crisis, and are doing so now. Valuations of Indian utilities are currently 50 per cent below those during the Global Financial Crisis (GFC).Investors should look at companies with an assured return on equity (ROE) — about 15 per cent — and that would provide adequate earnings visibility and command a premium over current valuations, said analysts."The business models of Indian utilities are decoupled with minimal demand/volume risks, evident from their strong earnings trajectory even during the GFC and the current crisis so far," said Swarnim Maheshwari, analyst, Edelweiss Securities."Indian regulated utilities provide one of the best margins of safety in the current market fall-off and we prefer companies with highly regulated business models such as NTPC, PGCIL, Torrent Power, CESC, Tata Power and JSW Energy," he added.In the past 15 years, the profitability of regulated companies has hardly been affected despite the decline in power demand growth. A case in point is the strong EPS trajectory despite power demand declining over the past two quarters, said analysts. 74784635 "Earnings outlook for power utilities such as NTPC, Power Grid and CESC is relatively immune to concerns of coronavirus outbreak as regulated tariff models assure fixed RoE on power generation and distribution assets," said Abhijeet Bora, research analyst, Sharekhan.NTPC is trading at a historically low multiple of 6 times its FY21 estimated PE with a dividend yield of 7.6 per cent. PTC India, which is likely to be re-rated after value unlocking in the PTC Energy subsidiary, is currently trading at a dividend yield of 11 per cent.Coal India, which is considered a good defensive bet, trades at an attractive dividend yield of 10 per cent. Power Grid Corporation, SJVN, NHPC and Neyveli Lignite trade at dividend yields of 6 per cent, 11 per cent, 8 per cent and 11 per cent, respectively, with stable earnings."India's power demand will not be affected adversely by the crisis while coal availability from domestic linkages as well as imports has not been affected. We also do not anticipate any adverse impact on the financial health of distribution companies," said Rupesh Sankhe, analyst, Elara Securities. "We believe sector fundamentals are bottoming and we can see meaningful recovery ahead, driven by uptick in power demand, slower capacity addition and a slew of reforms."Rupesh Sankhe of Elara Securities recommended stocks such as Power Grid Corporation, NTPC, PTC India and Coal India.

Covid-19 impact: Lenovo-Motorola, Xiaomi, Lava to shut factories

Posted:

NEW DELHI: Xiaomi, the market leader in smartphone sales in India, Lenovo-Motorola and Lava are shutting their handset factories in various parts of India after state governments ordered lockdowns to contain the spread of the coronavirus.Lenovo-Motorola will shut its smartphone and PC factories from Tuesday."Till 23rd March, the Puducherry and Chennai factories are operational," Prashanth Mani, MD of Motorola Group, told ET.Xiaomi's four factories in Tamil Nadu and Noida will stop production from March 24. The Chinese smartphone maker has eight plants for smartphones, smart TVs and power banks, operated by contract manufacturer partners. "Each facility such as corporate office, warehouse, service centre, Mi Home, and manufacturing plant will abide by the lockdown orders," a Xiaomi spokesperson said.Xiaomi and Lenovo-Motorola did not say how long their plants would be closed."The lockdown can cause a fall of 40% in phone sales in the month of April. Also, if Samsung, which is the majority exporter of phones and parts, continues the shutdown for more than two weeks, exports can fall by 50%," said Neil Shah, research director, Counterpoint Technology Market Research.Local handset company Lava International has shut its manufacturing facility in Noida, Uttar Pradesh. "We have shut the factory between 22 March-25 March as per UP government's directive," a Lava spokesperson told ET.According to company data, the plant has a manufacturing capacity of 3 million units per month, of which 2 million units are exported every year.Samsung, Oppo and Vivo suspended production at their respective Noida and Greater Noida plants on March 22, following lockdown orders from the Uttar Pradesh government."As a measure to safeguard our employees and their families against Covid-19 and in compliance with directives from the government, we have decided to currently suspend our manufacturing operations and have asked employees at our sales, marketing and R&D offices across India to work from home," a Samsung spokesperson said in a statement.

Companies' recruitment strategy shift to virtual platforms amid coronavirus outbreak

Posted:

New Delhi: Following the unforeseen disruption of the coronavirus pandemic, companies are now resorting to intelligent automated systems that offer virtual screening environment and interviewing experience, instead of conducting in-person interviews. Companies have taken the rising global health crisis very seriously and are concerned about the health of their employees and until this public health emergency is contained, corporates are shifting their entire recruitment strategy to virtual platforms. "Since, the increase in number of COVID-19 cases, we have had few interviews cancelled ..they are postponed to mid April or later. Some of the companies have opted for video interview only if the role is for a key position and there is an urgency to hire. Most of our interviews have moved to telephonic or video calls instead of face to face meetings," a spokesperson of Antal International, a global executive recruitment organisation said. Companies are checking the travel history (official and personal) of the past three months, also their medical history is getting checked. However, if they have any illness, status of illness, track of residence locations, any address update that need to be done is also done. "Critical business functions need not be brought to a standstill. Instead virtual onboarding and engagement can be initiated by leveraging digital solution suites like virtual hackathons where team members could come together to discuss present and hypothetical business challenges. "Work management could be optimised through work from home, virtual meeting platforms, and other adaptive working practices," said Siddhartha Gupta, chief executive officer of Mercer|Mettl . Virtual platforms helps the talent acquisition team to stay connected with the candidates through the entire interview process by video calls and still can connect on a real time basis with the candidates. The usage of online assessment has been increased as part of the hiring process especially for the IT and Tech roles, to quickly filter and move candidates to the next level, experts said. "Amidst the COVID-19 situation, Skillsoft's talent acquisition function has taken a decision to conduct all interviews via WebEx and avoid in-person interviews for the safety of both candidates and our team members. This helps the candidates attend interviews from their home or any remote location," said Krishna Prasad, head HR - APAC - Skillsoft, a global leader in corporate learning. The virtual screening process has helped firms get into a mode where there is no physical exposure between the candidate and interviewer as social isolation will help to mitigate COVID-19-led disruption and sustain business continuity. "Companies have taken the epidemic situation seriously and concerned about employee health, for the existing employees work from home has been approved and calls are arranged to review the work which is getting done, special teams have been formed to ensure that in case of work flow emergency and also "health reasons" employees can do quick connect and call and have a discussion, even travel has been put on halt," said Sudeep Sen, business head of manufacturing and engineering at TeamLease Services. The Adecco Group India Country Manager and MD Marco Valsecchi said: "By leveraging technology, using the web and video conferencing, telecommunication applications like Skype and WhatsApp, we have been successful in maintaining an agile, modern and cautious approach to recruiting, which is now imperative during these unprecedented times". The Coronavirus (Covid-19) pandemic has killed over 14,000 and sickened lakhs of people around the globe.

No comments:

Post a Comment

Gameforumer QR Scan

Gameforumer QR Scan
Gameforumer QR Scan