Work from home boosted employee productivity in several segments: Deloitte : Bulletin: Business Today
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Work from home boosted employee productivity in several segments: Deloitte

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April 30, 2020

NRI oil tycoon Joy Arakkal commits suicide in Dubai
The Dubai Police have confirmed that non-resident Indian businessman Joy Arakkal committed suicide by jumping off a building on April 23 due to financial problems. The Dubai-based Keralite businessman jumped off from the 14th floor in the Business Bay area. Arakkal was the Managing Director of Innova Refining and Trading FZE in UAE. He had been in the petroleum business for the last 20 years and hailed from Manathavady in Wayanad. According to Dubai police, 54-year-old Joy committed suicide over financial problems
 
Coronavirus impact: Nearly 50% of global workforce at risk of losing jobs, says ILO
Almost 1.6 billion workers in the informal economy, nearly half of the global workforce, face an immediate danger of losing their livelihoods due to the continued sharp decline in working hours because of the COVID-19 outbreak, the International Labour Organization has said. More than 430 million enterprises in hard-hit sectors such as retail and manufacturing risk "serious disruption", the UN agency added.
 
Biocon developing vaccine, antibody cure and repurposed drugs against COVID-19
Bangalore-based Biocon, one of the top bio-pharmaceutical companies in the world, is working on the next generation biotech cure for the COVID-19 pandemic. It is developing a novel customised non-replicating measles virus based vaccine, a latest antigen therapy that can be commercialised quickly. Biocon is also developing two new generation repurposed drugs for treatment and an antibody diagnostic kit.

Home Ministry hints at Lockdown 3.0 with 'considerable relaxations' to districts
The Centre on Wednesday gave clear indications that the ongoing nationwide lockdown will be extended beyond May 3 but with "considerable relaxations" to people and services in "many districts". The Ministry of Home Affairs, however, said there was a need to maintain a strict lockdown till May 3 so that the gains are not squandered away.
 
Work from home boosted employee productivity in customer service, finance segments, says Deloitte survey
COVID-19 has led to severe disruption in businesses across sectors. Industries such as hospitality, retail, travel have come to a grinding halt. But, as businesses respond to the crisis, there is significant learning as organisations switched literally overnight to the new way of work. A report by Deloitte has found that leaders are already seeing the benefits of this 'forced adoption' of technology and the new way of work. The report finds 70% CXOs have reported no impact or increase in individual employee productivity.
 
China's factory activity grows for second month; fall in export orders deepens
Factory activity in China expanded for a second straight month in April as more businesses resumed work from the coronavirus-led shutdowns, but a worsening slump in export orders pointed to a long road to recovery for the embattled economy.The recovery remains sluggish and analysts warn the rest of the year will be bumpy for businesses and consumers, especially due to depressed external demand and mounting job losses.







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