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Crisis liquidity bridge from banks to support companies: report

New Delhi: As businesses go through a tough phase with fall in revenues and liquidity crunch, a joint report by FICCI and Deloitte suggests that the banking sector can come up with a ‘crisis liquidity bridge’ for companies through working capital term loan (WCTL) and funded interest term loan (FITL) among other facilities to tide over the coroanavirus crisis. As …

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Maruti resumes operations at Manesar plant

New Delhi: The country’s largest carmaker Maruti Suzuki India (MSI) on Tuesday resumed operations at its Manesar plant in Haryana after about 50 days of closure due to the coronavirus-led lockdown. The company which rolls out high selling models like Alto, Swift, Dzire, S-Presso, Ertiga and Baleno from the plant, has initiated the work on a single shift basis. MSI …

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Hyundai restarts 338 showrooms

New Delhi: As it reopens over 330 dealerships across the country, Hyundai Motor India will also focus on the online sales channel to meet customer requirements. At present, HMIL has reopened 338 showrooms and 452 workshops. However, the synergy between the online and the physical retail assets excites the company, which in recent past has gone aggressively to promote connected …

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Lessons from COVID-19 to take centre stage at B-schools

New Delhi: The lessons learnt from COVID-19 pandemic and long term consequences of the disruption caused by the lockdown, are set to take centre stage at premiere business schools in the country with many of them already gearing up to introduce them in the curriculum. Effects on economy, changing dynamic of human resources management due to work from home, price …

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Study estimates Rs 80,000 cr loss to Kerala economy

IANS Thiruvananthapuram A study by the Kerala State Planning Board estimates a loss of Rs 80,000 crore to the state economy due to the nationwide lockdown amid the coronavirus scare. The study — titled “Quick Assessment of the Impact of the Covid-19 Pandemic and Lockdown on Kerala’s Economy” — was undertaken after Chief Minister Pinarayi Vijayan asked the Board to …

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Indian recycle paper industry needs breather

NT NETWORK Mumbai Indian paper recycling industry is largely dependent on imported waste paper from various countries. Price of waste paper mainly determines the price of finished paper. In 2019 alone, there was a 30 percent downward trend in imported waste paper prices, and Indian Kraft Paper Mills had to reduce prices of finished paper by around 30 percent even …

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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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