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UP CM launches online fair for MSMEs

Lucknow: To give a boost to the MSMEs in Uttar Pradesh, Chief Minister Yogi Adityanath on Thursday launched an online fair in which he distributed loans worth over Rs 2,000 crore to entrepreneurs. According to an official spokesman, the preparations for the loan fair were already in place through one district one product (ODOP) project, but roadblocks cropped up due …

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‘Ultra-mega’ solar parks kick-start India’s clean energy transition

New Delhi: Renewable energy in India has taken centre stage with a significant development of energy infrastructure and attracted foreign capital to achieve the economic goals, as ultra-mega solar parks kick-start the country’s clean energy transition. With an aim to transform the country’s polluting fossil fuel-based power sector into a renewable energy-based, low-cost, reliable and low-emission system, the country has …

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21 states lose Rs 97,100 crore in April: report

IANS New Delhi The lockdown imposed to check the spread of Covid-19 disease is expected to unsettle earnings of most Indian states with collective revenue loss for 21 states for the month of April alone estimated at Rs 97,100 crore, India Ratings and Research (Ind-Ra) has said in a report. April is typically seen as the month that sets the …

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‘Maha Permits’ for big-ticket industrial projects

PTI Aurangabad Maharashtra Industries Minister, Subhash Desai on Wednesday said the state government will provide “Maha Permits” for big-ticket industrial projects, covering all kinds of permissions that are needed to set up a plant. It will save the time wasted in obtaining various permits needed to start a factory, the minister told reporters here. “Many companies are backing out from …

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Industry-state collaborate for COVID-19 sample collection kiosks

NT NETWORK Panaji Taking an initiative to prevent the spread of coronavirus in high-risk areas, the government on Wednesday installed sample collection kiosks for random population-based screening of potential COVID-17 afflicted.  In all 12 kiosks have been installed at Verna industrial estate, Mapusa industrial estate, Dambolim airport, Mormugao Port Trust and at border locations in Dodamarg, Keri, and Patradevi. The …

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India up at 74th place on WEF’s global energy transition index

PTI New Delhi/Geneva India has moved up two positions to rank 74th on a global ‘Energy Transition Index’ with improvements on all key parameters of economic growth, energy security and environmental sustainability, the World Economic Forum (WEF) said on Wednesday. Releasing the annual rankings, the Geneva-based international organisation for public-private cooperation said COVID-19 will compromise the transition to clean energy …

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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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