Biz EOD: Retail firms minimise job losses; Flipkart\, Amazon to mention products\' origin; Patanjali launches COVID-19 medicine

Biz EOD: Retail firms minimise job losses; Flipkart, Amazon to mention products' origin; Patanjali launches COVID-19 medicine

Catch top stories from the world of business and economy with BusinessToday.In's Biz EOD report

Top stories from the world of business and economy

As the retail sector is gradually opening up in Unlock 1.0, one is hearing about lay-offs, but the retail community is also doing its bit by trying to redeploy unutilised staff in those businesses which are short of employees. Amazon and Flipkart might soon have to display country of origin against products listed on their platforms. Patanjali Ayurved, on Tuesday, launched 'Coronil' and 'Swasari' medicines to treat coronavirus patients. Read for more top stories from the world of business and economy:

As the retail sector is gradually opening up in the Unlock 1.0 phase, one is hearing about lay-offs, but the retail community is also trying to redeploy unutilised staff in businesses which are short of employees.

Mention of products' country of origin has already been made mandatory for sellers registering new products on GeM (Government e-marketplace) portal.

In the new normal, Merrill Pereyra, Managing Director, Pizza Hut Indian Subcontinent said, 'We are seeing more orders coming from homes where there could be four or six people, unlike earlier where you go to a Pizza Hut outlet.'

The 2011 round of World Bank's International Comparison Program (ICP) had ranked India ahead of Japan and after the US and China.

The government on Tuesday said that it has taken cognizance of the reports in the media about Ayurvedic medicines developed for treatment of coronavirus by Patanjali Ayurved.