The employees will be sent on furloughs or temporary leaves for a minimum period of 60 to 90 days
Author Archives: bond
Posted inProducts
Coirfit Mattress to donate 25,000 hand sanitisers across India
As per the initiative, the mattress brand will be donating 25,000 hand sanitisers across the country in the next 20-30 days
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Posted inBusiness
Here’s how Royal Orchid & Regenta Hotels are doing their bit to alleviate community distress amid COVID19 crisis
The Regenta Resort in Pushkar (Rajasthan) has adopted a village named Bhagwanpura which is home to 300 people. The resort is regularly supplying meals and groceries to the locals
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Posted inBusiness
Shoba Mohan, Founder RARE India, pens her views on how dexterous small hotels will revive faster from COVID-19 crisis
The most important part of small hotels is the regular cash flow, especially during the season, which ensures that in the low and offpeak months the operations run smoothly, including paying the staff that mostly comprise of people from the local communities
Posted inBusiness
Finance Ministry to announce stimulus packages soon for Coronavirus-hit sectors
It is estimated that the next stimulus package would be bigger than the INR 1,70,000 crore worth of schemes announced for the vulnerable section of the society
Posted inBusiness
Indian hotel occupancy drops to 11 per cent in month of March, states STR
STR added that KPIs across the board have registered slump
Posted inBusiness
RBI asks banks to offer moratorium to all, unless the borrowers choose to opt
Several banks are providing the option to defer the payment of loan interest and principal only to borrowers, who were particularly asking for it
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Posted inBusiness
Hotel Association of India writes to PM Modi; requests a 5-point revival plan for the industry, devastated by COVID-19
With no air or road traffic, empty hotels, and all restaurants and recreational facilities shut, “the likelihood of the revival in the short term is uncertain,” states the letter to the prime minister
Posted inBusiness
Coronavirus crisis: Hilton and American Express to offer 1 million rooms free of cost to US medical professionals
Rooms will be available across a variety of Hilton brands, including Hampton by Hilton, Hilton Garden Inn, DoubleTree by Hilton and others