Big Basket CEO says company’s resilience helped rebound after losing 80% workforce during lockdown
‘Big Basket’ lost 80 per cent of its workforce within two days of the nationwide lockdown in March, but bounced back with “sheer resilience” of its team and hired more than 12,000 people in 16 days to turn around the fortunes of the company, its CEO Hari Menon said on Saturday.
“After losing 80 per cent of the workforce for two days, we were really dumbstruck as orders poured in...we hired 12,300 people in 16 days- through this we demonstrated the power of resilience, he said.
Menon was speaking at an online session of “Isha Insight: The DNA of Success”, a three-day leadership intensive programme that explores what it takes to lead through uncertainty, which got underway here today.
“An organisation needs to be a learning organization and the first thing we did at Big Basket was set up an excellent training and innovation function.
Learning elements of culture and managing people is more critical than being a technocrat and understanding technology, since that can be outsourced as long as you know where your organisation is headed,” Menon said.
Isha Foundation founder Sadhguru Jaggi Vasudev addressed the participants from the Isha Institute of Inner Sciences in Tennessee, saying: “Human beings have to realise that only with conscious and responsible action can we rise through this pandemic,” an Isha release quoted him as having said.
The program brought together over 300 business leaders and top CEOs from nearly 30 different industries, it said.

Intel tumbles after new CEO recommits to chip manufacturing
- Keeping chip production in-house may be bad for Intel because its manufacturing technology has fallen behind Taiwan Semiconductor Manufacturing Co., which makes chips for many of Intel’s rivals. If the US company can’t catch up, its products will become less competitive, lose sales and market share.

Indigo Paints IPO garners robust response; subscribed 117 times on final day

India will be role model on how to vaccinate billion people at scale: Nilekani

Govt has pledged strict foreign investment rules for e-commerce, says CAIT

Iran starts ramping up oil production to pre-sanctions levels
- Iran has been subject to tough US sanctions since 2018, when the administration of then-President Donald Trump unilaterally withdrew from an international deal that restricted the Middle Eastern country’s nuclear activities. Its crude production was below 2 million barrels a day for most of 2020.

Elon Musk targets telecom for next disruption with Starlink internet

Sensex tanks 746 points; Nifty ends below 14,375

Google parent-company shutting Loon, balloon-based alternative to cell towers

How traditional finance management methods by women continue to be relevant now

Airbus slows production ramp-up, cites virus hit to demand

Invest in mutual funds but steer clear of ‘Herd Mentality’!

Bajaj Finance can absorb a surge in provisions, says S&P Global Ratings

Biocon Q3 net profit falls 19% to ₹186.6 cr

Charting Sensex’ journey: How India’s benchmark index rose from 1,000 to 50,000
- The Sensex has nearly doubled from its lows in March and has risen nearly 50 times in three decades — the benchmark was on 999 on January 1, 1991.
