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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
Peering at the economic damage to come through the lens of the Haryana industrial belt
Editor's note: The Haryana industrial belt starts as soon as you come in from Delhi, crossing the now-defunct toll booths on NH-48, passing Airtel’s gaudily coloured headquarters on the right, breezing past the non-sequitur Cyber Hub on your left, until 80 km later you hit the state border with Rajasthan. While there are no official estimates, this industrial belt around Gurugram houses more than 10,000 small and medium enterprises in manufacturing alone, where until a month ago over 1 million workers were employed. Only a few thousand have a permanent home in Gurugram. The Gurugram to Manesar industrial area in the state of Haryana caters to a variety of industries—auto and auto components, garments, leather goods, rubber products, etc. To understand the havoc that the coronavirus outbreak and India’s lockdown have wrought on small businesses and workers across the country, there’s no better example to take. The closing act Even before the COVID-19 pandemic was identified as a health emergency in India, global supply chains had started creaking and shutting down in slow motion. Around 15 March, a few factories started getting …
The food and FMCG giant is set to be put into provisional liquidation. Abu Dhabi’s IHC and Emaar founder Mohamed Alabbar are now eyeing it.
A whole host of new deals at the Make it in the Emirates summit, Saudi Arabia’s widest deficit since 2018 and other updates from the week.
Exploitation of unskilled workers is at the heart of quick-delivery service businesses in India. They should be valued for what they are and not what they pretend to be, a trait that has taken a devious form of wanting it both ways.
