Hospitality

H-1B visa suspension: Remote working during COVID-19 lockdown insulates India's IT sector; Indian talent will be in demand, say experts

Analysts and sector specialists said that the latest move by the Trump government is not expected to have much impact on the Indian tech sector which has a significant presence in the US.

OYO takes measures to mitigate COVID-19 impact, offer quality hospitality experience

Hospitality firm OYO on Tuesday said it is taking several measures to minimise the impact of COVID-19, and innovating to meet new standards of good quality hospitality experience at its hotels

COVID-19 hits hotel industry: Revenue per room drops 13-29% in Jan-Mar; Bengaluru worst-hit, says report

In revenue per room, the maximum fall was seen in Bengaluru at 28.5 percent, followed by Delhi 20.3 percent, Mumbai 20 percent, Kolkata 19.8 percent

Coronavirus Outbreak: SBI says difficult to take medium, long-term impact on banking sector during lockdown

The SBI official also said the Indian Banks Association (IBA) is also evaluating measures, which can be taken by the banks in this situation

Coronavirus Outlook: Hotel industry mulls pay cuts, reducing manpower to tide over lockdown woes

The hospitality industry has taken up various measures to overcome the impact due to lockdown to contain the spread of coronavirus which include pay cuts, use of short staff besides engaging in partial operation, officials said

Stranded in Valley since March due to lockdown, mother and son from Mumbai say 'Kashmiri hospitality has restored faith in humanity'

As the world is gripped by the coronavirus pandemic and people are consumed by thoughts of their safety and how to arrange for supplies, a mother and son from Mumbai stranded in Kashmir since March due to the lockdown say the hospitality of a Pulwama family has "restored their faith in humanity."

Coronavirus Outbreak: India’s tourism sector may lose Rs 5 lakh cr revenue, 4-5 cr jobs could be cut

The coronavirus pandemic would have a debilitating impact on India's tourism sector with the industry estimating an overall loss of Rs 5 lakh crore and job cuts for 4-5 crore people

Coronavirus Outbreak: How a prolonged shutdown will affect India’s salaried class, jobs, farm production, manufacturing

The government sector has been one of the drivers of the economy but will have to change track this year.

Coronavirus Outbreak: Narendra Modi asks corporates to maintain production lines of essential commodities, prevent black marketing

Prime Minister Narendra Modi on Monday asked Indian companies to maintain production lines of essential commodities and ensure there is no hoarding as well as black marketing in the wake of the country fighting the coronavirus outbreak

Govt asks state-run banks to provide liquidity support to corporate borrowers; SBI rolls out emergency credit line

Small businesses have been approaching banks to provide additional liquidity support, also warning that loan repayments may be delayed.