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Toyota India reports zero sales in April amid lockdown

IANS Bengaluru The prolonged nationwide lockdown to contain the coronavirus spread resulted in zero sales for Toyota Kirloskar Motor in India during April, an official said on Friday. “We were aware that there would be no wholesales in April due to lockdown enforced to contain COVID-19 spread in the country,” said the Indo-Japanese joint venture vice-president for sales and services …

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MSI extends product warranty period in India amidst lockdown

PTI New Delhi A world leading gaming brand, has announced an extension of the warranty period for their entire range of laptops under the gaming and content creation series whose warranty is expiring between March 15 and May 30, 2020 for up to three months. Customers can avail this extension of the warranty on all MSI laptops purchased from Indian …

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FMCG sector clocks lowest growth in eastern region during Jan-Mar: report

PTIKolkataThe fast-moving consumer goods (FMCG) sector registered a 2.6 per cent growth during the January-March quarter in the eastern region which was under ‘maximum stress’ in the period as compared to other zones, according to a data analytics company report.The sector grew by 6.3 per cent during the first three months of the current calendar year in the country, and …

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Need to open up economy in ‘measured way’: Rajan

New Delhi: India should be cleverer in lifting the lockdown and needs to open up its economy in a “measured way” soon to save jobs, former RBI governor, Raghuram Rajan said on Thursday, underlining that Rs 65,000 crore should be spent to support the poor amid the crisis. In a first of its kind dialogue broadcast on Congress’ social media …

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RBI extends regulatory benefits under SLF-MF scheme to all banks

Mumbai: The Reserve Bank of India (RBI) on Thursday extended the regulatory benefits announced under the SLF-MF scheme to all banks, irrespective of whether they avail funding from the Central Bank or deploy their own resources. The RBI announced special liquidity facility for mutual funds (SLF-MF) worth Rs 50,000 crore on Monday to ease liquidity in the segment, which intensified …

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LIC sells record Rs 219 crore new policies in 2019-20

Panaji: In the middle of coronavirus crisis, LIC set a new record in policies for 2019-20 with sales of 219 crore new policies. The corporation earned Rs 51,227 crores in first year premium income during the year.  Despite losing out on the most productive fortnight of the year in the month of March, LIC achieved a healthy business mix by …

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Top 10 players consolidating solar market in India: Report

IANS New Delhi The renewable energy market in India continues to grow at a fast pace with the country commissioning 7.3 GW of solar power projects in the calendar year 2019, consolidating its position as the third-largest solar market in the world. According to a report by global clean energy communications and consulting firm Mercom, the rapid pace of growth …

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IIT Guwahati collaborates with Hester Biosciences

PTI New Delhi/Guwahati Indian Institute of Technology Guwahati (IITG) on Wednesday said it has joined hands with Ahmedabad-based Hester Biosciences to develop a vaccine for COVID-19 and animal trials are likely to start by the end of this year. The vaccine will be based on recombinant avian paramyxovirus-based vector platform, IITG said. “IITG and Hester Biosciences expect the vaccine to …

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ITI Cuttack develops low cost robots to combat COVID-19

PTI Bhubaneswar Joining the fight against  COVID-19, the government-run Industrial Training Institute (ITI) in Cuttack has developed two low cost robots, which can save health workers from the infectious virus and reduce the need for personal protective equipment. The cost of each robot is expected to be around Rs 2.5 lakh, ITI-Cuttack principal Hrushikesh Mohanty said. In the wake of …

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