ED files fresh money laundering case against Naresh Goyal : Bulletin: Business Today
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ED files fresh money laundering case against Naresh Goyal

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March 5, 2020

IRDAI asks insurance companies to cover coronavirus
Regulator IRDAI on Wednesday asked insurers to expeditiously settle hospitalisation claims related to coronavirus disease under health policies. It also instructed insurance companies to come out with policies to cover treatment costs for coronavirus infection, which has impacted thousands of people worldwide.

OYO to cut 5,000 jobs globally; China to see highest reduction
SoftBank-backed Oyo Hotels recently confirmed that the company would be laying off 5,000 employees from its global workforces. The most amount of people would be laid off in China where the coronavirus outbreak has foiled Oyo's expansion plans. Oyo Hotels would also be laying off staff in the US as well as its home country India.

Coronavirus: Microsoft asks employees to work from home
Microsoft Corp  Wednesday joined the growing number of U.S. companies asking employees to work from home in order to limit exposure to the spreading coronavirus outbreak, as it responded to cases near its Seattle headquarters and in California. Microsoft asked many of its employees in the Seattle region near its headquarters and the San Francisco Bay Area to work from home if possible until March 25.

ED files fresh money laundering case against Jet Airways' ex-chairman Naresh Goyal
The Enforcement Directorate (ED) on Thursday registered a new money laundering case against Naresh Goyal, former chairman of the grounded Jet Airways. Goyal who was earlier being probed by the ED in a Foreign Exchange Management Act (FEMA) will now be investigated under the Prevention of Money Laundering Act (PMLA).
 
Paytm employee in Gurugram tests positive for coronavirus, firm closes offices
A Paytm employee in Gurugram, who returned from Italy, has been tested positive for novel coronavirus, the company said in a statement on Wednesday. The company has advised all its employees to work from home for the next couple of days while the Gurgaon unit gets sanitised.

IMF chief calls for all-out offensive to counteract epidemic
IMF chief Kristalina Georgieva on Wednesday called for an all-out, "no regrets" response to the new coronavirus epidemic which poses a "serious threat" to the global economy. The epidemic "is no longer a regional issue, it is a global problem calling for global response," Georgieva told reporters. But "how far it will fall and how long the impact will be is still difficult to predict," she said.
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