Covid-19 Impact: Hygiene measures of food delivery firms | Oyo suspends hotel payments | IT growth to slow down

ETtech Newsletter | Friday, April 3, 2020

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Food delivery firms reassure customers with contactless delivery, temperature checks
India's food delivery apps have started aggressive outreach about safety measures, including hygiene  read more...
Oyo suspends payments to hotels; partners say clause not in contract
Oyo said in the letter that since hotel revenues have dwindled and are unlikely to improve in the next few months, it was constrained to exercise force majeure rights  read more...
How lockdown-hit online retailers are cheering customers up
Myntra, Bookmyshow, FirstCry and Nykaa are using informational content, gaming, and entertainment on their apps to connect with customers.  read more...
Virus attack to slow down IT growth
Reduced tech spending by clients in US, Europe to hit companies including TCS, Infosys, HCL Technologies: Experts  read more...
Sachin Bansal, others pump in over Rs 3,000 crore in Navi Technologies
Bansal has been allotted 20.84 crore equity shares at Rs 140.50 a piece, having paid Rs 253.01 crore in cash and an additional Rs 2,675.08 crore in other financial securities.  read more...
India using defence tech in fight against Covid-19
India has been using spin offs from its available defence technology to quickly develop low cost, high volume equipment desperately needed in the fight against Covid-19.  read more...
Covid-19: Oyo chief to forgo remaining annual salary
Online travel portals have been hardest hit due to the Covid-19 pandemic as countries around the world announced lockdowns and airlines halted operations.  read more...
E-tailers refund buyers, sellers have to wait
Online sellers for both Flipkart and Amazon mentioned that payments were getting delayed by at least a week, or even more in some cases  read more...
Lockdown effect: Restaurants, cinemas & retailers at malls seek zero rentals till May
As the nationwide lockdown begins to bite, everyone - from mall tenants to hotel aggregators - is invoking the 'force majeure' clause. Others, meanwhile, are contesting the move  read more...
DPIIT told to expedite funds for Covid-19 related startup ideas
Piyush Goyal proposed SIDBI to frontload funds from the Funds of Funds to support startups as they raised the issues of liquidity crunch, manpower and cash flows.  read more...
Work-from-home going to stay, even after Covid-19 scare is over
HR heads see it as a win-win solution helping employees save on commute time and firms to cut establishment cost, raising productivity  read more...
CERT-In warns Zoom users of cyber risks
Zoom has become popular with professionals working from home globally, who are using it for virtual meetings, presentations and calls.  read more...
Amazon India to clear backlog of essential items before taking new orders
The e-commerce company is working with local authorities to get clearances and curfew passes for on-ground workers  read more...
Google to shut down Neighbourly app in May
The mobile app allowed users to ask questions to their neighbours by text or by voice, share local expertise and keep up with updates from their neighbourhood  read more...
Government of India launches official Covid-19 tracking app
The app uses smartphones location data and Bluetooth to see if a user has been near a Covid-19 infected person.  read more...
Fresh row over Rs 41,000 crore sops for electronic makers
The revenue department wants a budgetary allocation of the incentive. But industry fears such a mechanism will delay payments  read more...
Vertex leads $6 million fundraise in fintech startup Recko
Proceeds from this funding round will be used to further ramp up product development, expand its team, along with its presence outside India  read more...
How India Inc is getting used to work from home amid Covid-19 lockdown
According to consultants, companies are working towards enabling better infrastructure for WFH as they build online first workforces.  read more...
MyLab, Serum join forces to roll out more testing kits
Mylab said the need for the financial boost arose with widening of the testing basket and several states giving it procurement orders directly  read more...
IvyCap Ventures pumps Rs 27 crore in fintech startup Fingpay
Funds raised will be used to add various banking and financial products on the platform that can be accessed by its last-mile customers, as well as enter new geographies  read more...
Blackstone pumps Rs 525 crore in Mphasis to buy more stake
Private equity giant ups holding in ITeS firm to 56.21% after share price falls more than one-third  read more...
Indian Railways reaches out to e-commerce firms with special freight trains
So far, Indian Railways has loaded 30 Special Parcel trains to various destinations all over the country, and is identifying more routes for such trains.  read more...
Domino's and ITC Foods partner to deliver groceries
The service will be rolled out in Bengaluru, Noida, Mumbai, Kolkata, Chennai and Hyderabad. Users can download the Dominos delivery app to use digital payments to complete the order.  read more...
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E-grocers struggle to fulfil orders | Startups turn to layoffs, pay cuts| Healthcare firms in overdrive to fight Covid-19| Return of kiranas in metros

Thursday, April 2, 2020

ETtech Newsletter | Thursday, April 2, 2020 Daily Newsletter Technology | Startups | Corporate | Mobile | Internet | People News & analysis you can't afford to miss. Delivered to your inbox

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