Saying that Covid-19 has had an unprecedented impact on the hotels sector in India is putting it mildly. We anticipate the overall Indian hospitality sector (including organised, unorganised and semi-organised operators) to incur an estimated total revenue loss of approximately Rs 90,000 crore in 2020. By Mandeep Lamba The occupancy and average daily rate (ADR)
C3.ai, Microsoft Corp, and Adobe Inc have launched the C3 AI CRM powered by Microsoft Dynamics 365. The first enterprise-class, AI-first customer relationship management solution is purpose-built for industries, integrates with Adobe Experience Cloud, and drives customer-facing operations with predictive business insights “Microsoft, Adobe, and C3.ai are reinventing a market that Siebel Systems invented more
Facebook-owned WhatsApp has rolled out its payments services in the country after receiving a nod from the National Payments Corporation of India (NPCI). In 2018, the company had started testing its UPI-based payments service in India, which allows users to utilise the messaging platform to send and receive money. The testing was limited to about
Asian Granito is seeing a surge in revenues on the back of robust global demand for Indian products, as well as good offtake in tier-II and III domestic markets. Executive director Prafulla Gattani explains how the company has built a dominant position in Bharat and why it is emerging unscathed despite the Covid attack. State
In a bid to deepen the public awareness around the usage of toilets, sanitaryware major Roca has launched #GoRight digital campaign to mark World Toilet Day. “Given the current scenario, hygiene and sanitization are of paramount importance to lead a healthy and safe lifestyle. As we all practice these new normal norms, it is equally
Laminate major Greenlam Industries Ltd has announced that its laminates and compacts will now offer surfaces resistant to SARS-CoV-2. According to the company, its products are proven effective against SARS-CoV-2, the virus that causes Covid-19, with 99% efficacy within 30 minutes of exposure to the laminate surface and completely eliminates in 45 minutes and beyond, as per
Water and housing major Lixil released ‘Make a Splash!’ report in partnership with UNICEF on World Toilet Day. The company said that the report highlights joint efforts to end open defecation and provide access to clean and safe toilets in Ethiopia, Kenya and Tanzania. “We believe ‘Make A Splash!’ partnership between Lixil and UNICEF is
Tile major Asian Granito India Ltd (AGIL) reported 57.2% year-on-year (YoY) growth in consolidated net profit at Rs 19.8 crore in the September 2020 quarter. The company’s tiles division registered revenue growth of 15% YoY, and its bathware division witnessed “strong” demand, the company said in a press release. AGIL’s exports were at Rs 52.3
Severely impacted by Covid-19, Indian cities in 2020 saw the addition of just five new malls spanning ~2.75 mn sft area. Among the cities that added the new mall supply are Gurugram, Delhi, Lucknow, and Bengaluru. The supply is far less than the previously predicted numbers. “Before the Covid-19-catalyzed lockdown in March, our research indicated
Finance Minister Nirmala Sitharaman’s stimulus measures will provide a spur to economic activity, especially across the construction and infrastructure sector. The newly-announced measures such as replacing EMD with bid security declaration will provide relief to contractors since it shall lower locked-up capital and reduce cost of bank guarantee, Vinayak Deshpande, managing director, Tata Projects Ltd
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