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Adani Agri Logistics sends 30,000 tonnes foodgrains for PMGKAY

IANS New Delhi Adani Agri Logistics Limited (AALL), a part of the Adani Ports and Special Economic Zones Ltd, has facilitated the dispatch of 30,000 tonnes of foodgrains during the lockdown. This is equivalent to feeding over 60 lakh people across different states in India like Tamil Nadu, Karnataka, Maharashtra, Bengal, etc. The company used seven trains owned and operated …

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KVIC turnover touches nearly `90k cr on PM appeal

New Delhi: The Khadi and Village Industries Commission (KVIC) has announced that its turnover for 2019-20 reached Rs 88,887 crore, “which no FMCG company can match”, powered by the appeal of Prime Minister Narendra Modi. This is the biggest success story of KVIC ever scripted, it said. “The last five years under the leadership of Prime Minister Narendra Modi, has …

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Odisha plans revival of tourism post lockdown

Bhubaneswar: Keen to revive the severely-hit tourism sector in the wake of the coronavirus pandemic, the Odisha government is planning to come out with a package for promotion of various destinations in the state to woo domestic travellers in the post lockdown scenario, an official said. Chief Secretary A K Tripathy held a meeting with the officials concerned on Thursday, …

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India only smartphone market among top 3 to see growth in Q1 2020: IDC

New Delhi: With shipments of 32.5 million units leading to 1.5 per cent year-over-year (YoY) growth, India was the only country among the top three to see any growth in the first quarter of 2020 amid the COVID-19 pandemic, the International Data Corporations (IDC) said on Friday. The other two markets in the top three — China and the US …

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Value-driven Indian firms to sustain

New Delhi: As economic activity resumes in the pandemic management phase and Indian firms realigns their focus on revenue growth, several such firms would rush to play the short game and lose sight of long-term benefits but progressive firms will leverage customer and market behaviour to place their bets on long-term, sustainable growth, a new report said on Friday. In …

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China reveals of a French connection with Wuhan lab

PTI Beijing China on Thursday said the bio-lab in Wuhan, which is in the eye of storm in the wake of the coronavirus pandemic, is a Sino-French cooperation project with its staff trained in France, even as it sounded ambivalent about agreeing for a WHO probe into the origin of COVID-19. Accusing US Secretary of State Mike Pompeo of fabricating …

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Nagaland govt focuses on agriculture to revive economy

PTI Kohima The Nagaland government, which is  facing a financial crunch in the wake of the lockdown, has focused on strengthening the agriculture and allied sectors to revive the state’s economy, a minister said. The government will hold a meeting with the representatives of the farming community and entrepreneurs on Friday to discuss various issues to improve these sectors, state …

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SBI cuts MCLR, offers new term-deposit product for senior citizens

IANS New Delhi The country’s largest lender State Bank of India (SBI) on Thursday reduced its MCLR by 15 bps across all tenors with effect from May 10 while offering a new product for senior citizens in Retail Term Deposit segment. The one-year MCLR (Marginal Cost of Funds-based Lending Rate) comes down to 7.25 per cent per annum from 7.40 …

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Deliquencies in India’s credit card industry improves: Report

​IANS New Delhi Overall volume delinquency in India’s credit card industry has improved by 5 basis points (bps) in 2019, according to a report by CRIF High Mark. The ‘CreditScape’ Report on the credit card industry in India further said that private banks displayed better book performance in 2019 compared to other card financiers. “Overall volume a delinquency 90+’, at …

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SBI to extend moratorium to NBFCs

PTI Kolkata The country’s largest lender SBI has decided to extend the RBI-approved moratorium to the cash-strapped NBFC sector to help them tide over the crisis, its MD Dinesh Kumar Khara said on Thursday. The RBI has allowed banks to extend moratorium to borrowers of term loans of all kinds for three months — March, April and May. “SBI has …

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