Coronavirus outbreak hits Hero MotorCorp’s February production by 10 percent

Hero MotorCorp on Friday said that “The outbreak of novel Coronavirus (Covid-19) in China has affected the supply of some components that could hit the production by around 10 percent in February 2020.” The company, in its issued statement, said, “The ongoing issue of Coronavirus (Covid-19) in China has affected the supply of some components to our manufacturing facilities in India. That is likely to impact our

EduTech startup Vedantu swipes $24 million in Series C round funding from GGV Capital

In participation with existing investors, Vedantu, a Bengaluru based online education startup, has raised $24 million in series C round funding from GGV Capital and others. Founded in 2011 by Saurabh Saxena, Pulkit Jain, Vamsi Krishna, and Anand Prakesh. Vedantu is an online tutoring platform that provides online classes for Grades 6 - 12th, and for IIT JEE NEET. Speaking at the fundraise, Vasim Krishna,

United States grants 45 days extension to Huwaei to continue business with US suppliers

A year after restricting the Chinese technology giant Huawei Technologies from doing business in the country, the United States on Thursday said, “It has issued a 45-day extension to U.S. companies to continue the business with Huawei Technologies.” Citing the U.S. commerce department, the Reuters in its report on Thursday said, “The department has allowed the company to purchase US-made goods in a series of

Coronavirus: Death toll in China raises from 245 to 1,367 in a single day

The National Health Commission (NHC) on Wednesday said, “The death toll due to the novel coronavirus in mainland China has increased to 1,367 on Wednesday from 254 a day ago.” In a statement released by the NHC, it said: “It has registered 15,152 new confirmed infection cases that draw to 59,804 total confirmed cases in the country.” “The increase in number has come after the authorities in Hubei introduced

Oppo appoints Elvis Zhou as the new president of its India business

Chinese smartphone maker Oppo Mobiles on Thursday announced the appointment of Elvis Zhou as president of its India business. Zhou, who was working as a general manager at OPPO India, and also known as one of the key people behind the expansion of OPPO business in the Indian market. Will report to Charles Wong, VP of Global Sales, OPPO after assuming the office as president of OPPO India. Speaking on the

Coronavirus suspect on SpiceJet’s Bangkok to Delhi flight

The Airport Health Organisation (APHO) at Delhi Airport has quarantined a passenger who was traveling on a SpiceJet flight from Bangkok to Delhi on Thursday. Speaking to the ANI, SpiceJet spokesperson said: “On February 13, a passenger traveling on SpiceJet flight SG-88 operating between Bangkok and Delhi was suspected of coronavirus.” “The passenger was quarantined by the Airport Health Organisation (APHO)

Power Finance Corporation records 12 percent decline in December quarter profit

The state-run Power Finance Corporation (PFC) has recorded a sharp decline of 12% in its consolidated net profit at Rs 3,386.72 crore in the December quarter of 2019. In a filing with the exchange, PFC said that “The company consolidated net profit was declining by 12 percent at Rs 3,386.72 in the December quarter of 2019, as compared to Rs 3,876 crore in the same quarter a year ago.” “The total income of the

Coronavirus update: WHO names novel coronavirus as COVID-19

World Health Organisation (WHO) on Tuesday gave the new name to the deadly novel coronavirus that started in China as 'COVID-19.' The name was announced by WHO director-general Tedros Adhanom Ghebreyesus on Twitter. Tedros in his tweet said, “We now have a name for the disease caused by the novel coronavirus: COVID-19. where CO stands for Corona, VI for

Hexaware Technologies shares down on poor profit returns in Q4

Mumbai-based IT consulting and digital service provider Hexaware Technologies on Wednesday reported a 5 percent decline in its share price on the stock exchange. The decline in share price was reported after the company in its filing with the stock exchange reported, “It has reported an 8.7% decline in its consolidated net profit at Rs 167.8 crores in Q4 of 2019.” “The company also saw an increase of 3.2% in

Sinot Yacht denies the sale of $655 million hydrogen-powered superyacht ‘Aqua’ to Bill Gates

The Netherlands settled - Sinot Yacht Architecture & Design has dismissed the media reports that stated, "The company has sold its hydrogen-powered superyacht 'Aqua' to Microsoft founder Bill Gates for $655 million." In a statement released on Monday, Sinot said, that "The international media reports about the sale of 'Aqua' to Mr. Bill Gates is factually incorrect." "The hydrogen-concept 'Aqua' has no

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