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By Sudeshna Dutta From laundry services to providing chefs at home, several out-of-the-box solutions helped them scrape through The food and beverage sector was one of the first to feel the impact of the covid. Much before the rest of Bengaluru went into a partial lockdown , the state government had ordered the closure of restaurants as early as March 20, and permitted only takeaways. Later, restaurants were allowed to open only in June and that too with social distancing measures. While this sector saw harsh losses, some managed not only to survive but did it with innovation. The Den in Whitefield, the Israeli luxury hotel chain, had strict instructions not to cut salaries or retrench staff. So they looked at alternatives. “In April, an IT firm approached us to accommodate over 100 team members for a project. There were other guests at the hotel too, who had got stuck due to the lockdown,” says Vinesh Gupta, GM, The Den, Bengaluru. The Den also participated in the Vande … [Read more...] about Covid, a year after: How F&B, hospitality sectors mutated, survived

Next Aastha Agnihotri in Mumbai M arkets slumped this Monday as overseas investors sold away shares in the emerging markets and shifted stance to the developed economies like US after robust jobs data. The 30-share Sensex dropped 171.05 points to 19,324.77 and the 50-share Nifty declined 56.35 points at 5,811.55 levels. Global investor sentiments also remained edgy amid fear that the Federal Reserve Chairman Ben Bernanke may start tapering off the bond-buying programme popularly known as ‘quantitative easing’ sooner-than-expected as US economy shows sustainable signs of recovery. The Fed may trim its monthly bond purchases by $20 billion to $65 billion in September, a Bloomberg survey showed. Hopes of growth recovery in US gained prominence after non-farm payroll data showed 195,000 jobs were created last month, better than the 165,000 expected last Friday. Click NEXT to read further. . . Photographs: Toru Hanai/Reuters Tags: Bloomberg … [Read more...] about Indian markets hammered in FII sell-off