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B & C

TVS Group pledge Rs 25 crores to PM-CARES fund

Team B&C | NT   TVS Motors and group companies, including TVS Credit Services, Sundaram-Clayton and others contributed Rs 25 crores to the PM’s Relief Fund (PM-CARES) to aid the battle against COVID-19.  This is in line with the company’s continuous endeavour to ensure prosperous and sustainable communities. It is in addition to the ongoing activities being already undertaken under …

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Economic package is welcome, more needs to be done

By DM Deshpande At last the Finance Minister has come with a package which could bring relief to millions of Indians who are at the lowest strata of the society. The announcement of Rs.1.7 lakh crores appears big but looking at the enormity of the challenge majority of countrymen face there is a doubt whether this is enough.   The …

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Exporters seek permission to operate factories in pandemic times

FIEO asked for extension in pre- and post-shipment credit by a minimum of 180-270 days, waiver of PF/ESI charges for all industry from March to June 2020 as industry will bear the wage cost during the period of lockdown with no or less business affecting their liquidity. Exporters are asking for a host of steps such as allowing them to …

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CII sets up MSME Covid-19 fund

The Confederation of Indian Industry (CII) announced CII COVID Rehabilitation and Relief Fund (CRR) to assist small enterprises or MSMEs in rehabilitation. The industry body took the decision in response to the Coronavirus pandemic.    CII suggested specific measures to curtail the impact of Coronavirus on the MSME sector. “Multiple actions need to be taken on extension of bank loans, …

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Maruti launches Tour range of CVs

Maruti Suzuki expanded its commercial vehicle portfolio with the launch of the Tour range recently, namely Tour H1 (hatchback), Tour H2 (hatchback), Tour S (sedan), Tour V (van) and Tour M (MPV). The company at present has light commercial vehicle Super Carry and the Eeco van. Maruti forayed into the commercial segment in September 2016 with Super Carry. With a …

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Goan liquor units chip in to prevent coronavirus spread

Having a robust liquor manufacturing industry in the state is turned out to be blessing in disguise in coronavirus times, says Shoma Patnaik The state’s Iiquor industry manufacturing range of alcoholic beverages is playing a major role in alleviating the shortage of sanitisers during these testing coronavirus times. Sanitisers are crucial to prevent the spread of the dreaded disease and …

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TVS Motors gears up to combat COVID-19

TVS Motor Company, is taken significant measures to tackle the spread of COVID-19.  The company has decided to halt all manufacturing operations at its plants in India and Indonesia till further notice. All relevant employees have already been provided with work-from- home facility.   “The well-being of the employees is paramount for the company. The immediate focus is to ensure …

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The COVID-19 adverse impact on Goan economy

BY Abbas Raut Coronavirus outbreak was first reported in Wuhan, China on December 31 2019.  Since then the global death toll from the deadly COVID-19 infection crossed 27,000 by March 27 2020. In India, the cases increased to 834 leaving 19 people dead. COVID-19 continues spreading in the world.    India’s economy was already facing a slowdown and the hit …

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Renault India pulls the brake on COVID-19 spread

Keeping the safety and well-being of its employees as top priority in view of the escalating COVID-19 situation, Renault has temporarily suspended production at its Alliance manufacturing facility, Renault Nissan Automotive India Private Ltd. (RNAIPL) in Chennai.  Monitoring the situation over the last several weeks, Renault has implemented multiple preventive measures across all its offices, dealerships and manufacturing facility and …

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Auto components industry seeks government support for COVID-19 crisis

Auto components industry body (ACMA) said that,  it is taking a hit of around Rs 1,200 crore per day due to the lockdown owing to coronavirus pandemic. The industry is urged the government to come up with a financial package, including relaxation in borrowing norms, in order to survive the current situation.   Terming the current situation as unprecedented, the …

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