Author: HBI Staff | Hyderabad
The Ministry of Tourism, Government of India hosted the eleventh webinar “an epic called India- a land of myriad stories” on 28th April 2020 as part of its ongoing engagement with industry and its audiences on the overall theme of ‘Dekho Apna Desh’ . The objective of this webinar series is to create awareness about and promote various tourism destinations of India – including the lesser known destinations and lesser known facets of popular destinations. The Dekho Apna Desh Webinar Series has been able to get some of the best tourism industry experts, City and Heritage walks practitioners, story tellers…
Cabinet Secretary, Rajiv Gauba, said that there are no plans to extend the lockdown period beyond the current 21-day announced by Prime Minister Narendra Modi on March 24 to fight the coronavirus pandemic. He expressed surprise on reports that the lockdown could be extended. “I’m surprised to see such reports, there is no such plan of extending the lockdown,” Cabinet Secretary Rajiv Gauba said on reports that the lockdown could be extended. The 21-day lockdown came into effect on the intervening night of March 24-25. The government has asked all states and UTs to strictly enforce the lockdown in view…
OYO has announced that it has been working closely with Apollo Hospitals to develop and support accommodation requirements of suspected Covid19 patients requiring quarantine/self-isolation. This is part of Project Stay I (Stay isolated) where Apollo hospitals are partnering with select hotel brands to create isolation rooms in hotels with light medical supervision for quarantine and creating a barrier before people come into the hospitals. The objective is to create isolation and quarantine facilities away from the main hospitals in cities across the country and reduce the burden on hospitals providing acute care. As part of the partnership envisaged, OYO is…
The finance ministry has asked the Reserve Bank of India (RBI) to consider implementing a series of emergency measures aimed at helping borrowers cope with the economic havoc wreaked by the Covid-19 pandemic, said a person aware of the development. Department of financial services secretary Debashish Panda wrote to the RBI on Tuesday suggesting a moratorium of a few months on the payment of equated monthly installments (EMIs), interest and loan repayments and a relaxation in the classification of nonperforming assets (NPAs), according to the person cited above. Panda also underscored the importance of maintaining liquidity in the system. The…
India is likely to agree an economic stimulus package of more than INR1.5 lakh crore (USD19.6 billion) to fight a downturn in the country that is currently locked down to stem the spread of coronavirus, two sources familiar with the matter told Reuters. The Indian government has not yet finalised the package and discussions are ongoing between Prime Minister Narendra Modi’s office, the finance ministry, and Reserve Bank of India (RBI), said both the sources, who asked not to be named as the matter was still under discussion. One of the sources, a senior government official, said the stimulus plan…
The coronavirus pandemic and the resulting lockdown on Monday led a foreign brokerage to sharply cut India’s growth forecast for the next financial year starting April 1, to 4 per cent from the 5.1 per cent estimated earlier. In a note, UBS Securities said it expects India to clock a 4.8 per cent growth in FY20, reports PTI. “For the full year, we now expect India’s real GDP growth to slow further to 4 per cent year-on-year in FY21 (previously 5.1 per cent),” UBS said in a research note. It can be noted that a lot of worries are being…
According to Financial Express, Oyo Hotels & Homes has raised USD807 million from existing backer SoftBank and founder Ritesh Agarwal-led RA Hospitality Holdings, according to the company’s RoC filings sourced from business signals platform paper.vc. The investment is part of Oyo’s USD1.5 billion series F financial round announced in October last year. The latest investment will take Oyo’s total fund count to over $2 billion. The bulk of the fresh funds will be used to expand its business in the US, the company had said earlier. Last month, the Gurgaon-based firm said it narrowed its net losses in India from…
Texcare Forum India – LaundrexNet 2020 Conference marked its second edition on 15 February 2020 emphasising on the textile care sector implementing the fourth industry revolution and challenges that comes in-hand with it. It was held during the Laundrex India Expo at Mumbai, India. Organised by Messe Frankfurt Trade Fairs India Pvt Ltd and Virtual Info Systems, the Conference focused on the theme of ‘Industry turning to Laundrex 4.0’ that highlighted the penetration of digitally oriented technology in the Indian laundry and dry-cleaning industry. Inaugurated by prominent members from the industry, the 2nd edition of Texcare Forum India – LaundrexNet…
Kent RO has forayed into automotive security with its security device Kent CamEye car camera. With its dual-camera setup, Kent CamEye is capable of recording visuals both inside and outside the car, and the device also allows live video streaming of either camera. Furthermore, the device can record audio & time-lapse video of both views, when the car is in motion and uploads on a real-time basis on secure cloud storage. The product is designed and engineered in India. The next-gen dashcam cum car security system ensures the safety and security of the vehicle. The camera also has an in-built…
Pune to host first round of the Sixth season of Young Chef Olympiad 2020. The city will host 10 out of the 55 participating nations. The event will see eminent international chefs like Chef Andreas Muller, Chef Andy Varma, Karen Anand, Rahul Akerkar, Enzo Oliveri and several other judges. The 5-day long competition will include three rounds of tough challenges for cheftestants. The event will be held in India from 28 January to 2nd February 2020 across Delhi, Bangalore, Pune, Goa and Kolkata. The prizes include a cash prize of USD 10,000, the Winner’s Trophy and a Gold Toque. “YCO…
