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)
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
Financial sector players have said that Reserve Bank of India’s (RBI) decision for keeping the key repo rate unchanged is an accommodative approach to manage inflation while keeping growth as target, amid the current economic conditions, PTI reports. “It also decided to continue with the accommodative stance of monetary policy as long as necessary at least
Bantwal Ramesh Baliga, Watertec India’s CEO, says that Bharat is ticking even though India has slowed during the pandemic. According to him, the demand for building products remains robust in tier II and III and rural markets, which have not been hit by the intensity of the coronavirus. Baliga shares his vision for the industry
India’s economy that saw a disruption triggered by the novel coronavirus, has begun recovering from June, PTI reported State Bank of India chairman Rajnish Kumar as saying. However, he said that at least three to four months would be needed to observe the recovery trend. “Covid-19 has caused gigantic disruption of the Indian economy along
Sustainable restroom solutions major Sloan India Pvt Ltd, subsidiary of American parent Sloan Valve Company, has announced the promotion of Anup Kumar Tripathi as general manager – India operations. In his new role, Tripathi will head India’s business operations and work to strengthen the Sloan brand while growing business across the country. He will report directly to
Anil Sawhney, business head at EI DuPont India Pvt Ltd, believes that Covid-19 pandemic has brought a moment of reflection for people, forcing them to relook their interior design. He also shares his views on the state of the realty and construction sector, and how his company is placed in the landscape. From an exclusive
The 8th edition of India Kitchen Congress (IKC) organised the CEO Roundtable on June 27. Held on a virtual platform, IKC brought together the brightest minds in the strategy spectrum to explore the turnaround of kitchen industry affected by social and economic disruptions triggered by Covid-19. Hetal Iyer, country head for the modular kitchen business
The country requires foreign direct investments (FDI) of Rs 50-60 lakh crore, which can be tapped primarily by infrastructure projects as well as Micro, Small & Medium Enterprises (MSME) sector to boost coronavirus-hit economy, said Nitin Gadkari, the Union Minister for the Road Transport, Highways and MSME. Underscoring the need of FDI as the need
The country’s economy will witness a recovery after the containment of Covid-19 pandemic, as well as the ongoing reforms directed at keeping India’s growth rate ahead of peers, PTI has reported Niti Aayog vice-chairman Rajiv Kumar as saying. “India’s economy will recover following the containment of the Covid-19 pandemic. India’s strong democratic institutions promote policy
DORSET has unveiled the Dorset Tap that eliminates the need to touch high contact surfaces such as mortise door and pull handles, ATMs, elevators, switches, car doors, and blinds, among others. Termed as an ‘Anti Covid Key’, the new product can easily be hanged with lanyard tang & key rings. Its antimicrobial coatings protect users
Sato has introduced its new handwashing solution the Sato taps. It will manufacture the first batch of the taps in the country and make the new product available for partners in September 2020. It will also ramp up the production of the taps to feed the retail channel by early 2021. Sato is an arm
The social distancing or rather a spatial distancing has won the Most Valuable Phrase (MVP) of 2020. Even now when countries around the world are easing out lockdowns or shelter in place regulations, WHO guidelines to maintain a minimum of 1-metre physical distance prevails. But the fact is that the physical distancing is an unimaginable
As offices prepare to reopen across the country, buildings are the new front in the fight against Covid-19. 75F has launched 75F Epidemic Mode, a new HVAC software sequence that “ensures” commercial buildings are healthier while keeping employees and customers safe, the company has said in a press statement. The system features various components, such
The Covid-19 era presents a radically transformed real estate market, with preferences changing to accommodate new market realities. With Work-from-Home (WFH) a viable option even after the lockdown, many future homebuyers will shift to the peripheral areas for bigger homes and a better lifestyle – at more affordable prices, says Anuj Puri, Chairman – Anarock
Neeraj Bahl, managing director & CEO at Bosch & Siemens Home Appliances India, shares the company’s outlook in the face of health and economic crisis caused by Covid-19 pandemic, in an interview with Sourcing Hardware. The company is a subsidiary of German appliances major BSH Hausgerate GmbH. How do you think the Covid-19 crisis will play out
Jaipur-based online custom furniture platform WoodenStreet has raised $3 million in Series-A funding lead by IAN Fund and Rajasthan Venture Capital Funds (RVCF). The company plans to utilise the investment to expand its footprint, both domestically and globally. Co-founded by Lokendra Ranawat, Dinesh Pratap Singh, Virendra Ranawat, and Vikas Baheti in 2015, WoodenStreet was launched as
Covid-19 pandemic and the nationwide lockdown have disrupted the way people work. So, how does the situation augur for enterprises when it comes to the human resources (HR) function? Subramanyam S, CEO at Ascent HR, a Bengaluru-based firm that provides HR automation, payroll & compliance and corporate compliance management services to companies “as large as
As India witnesses reverse migration from the Gulf into the country and within from the metros to smaller cities, some real estate players feel that the situation could boost the demand of housing in tier-II and III cities: “Acceleration in Demand Seems Certain” With reverse migration, the rise in demand for homes in the post-Covid
The domestic real estate is bracing itself for a very new post-Covid-19 world. One significant trend may be reverse migration spurring housing demand in tier-II and III cities, according to the latest report by real estate consultancy firm Anarock Property Consultants. According to Anarock’s report titled ‘India Real Estate: A Different World Post COVID-19‘, currently, the
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