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Showing posts from March, 2020

Parents! Your babysitter is here, Playdate with Star Movies

Parents! Your babysitter is here, Playdate with Star Movies 31 st March 2020, Mumbai: Children missing out on summer is a sight many parents don’t want to see. It can be quite a hassle to manage a household and come up with new and exciting ways to keep your children engaged at the same time. Well not to worry, because Star Movies is here to take your kid’s entertainment off your hands, with movies which will tickle their funny bone, excite them and peak their curiosity. The channel will air some of the most beloved and critically acclaimed children films such as - Cars 2, The Incredibles, Baby’s Day Out, Coco, Ice Age: The Meltdown. The Lion King, Frozen, Ferdinand, Finding Nemo, Zootopia. The Jungle Book, Planes: Fire & Rescue, Beauty and The Beast, The Good Dinosaur, Rio . Star Movies is set to take it further up a notch, leaving no stone unturned in keeping your kids busy. Move over to twitter and Instagram and @StarMoviesIndia will engage with your child further w

The Government Should Reduce Corporate Tax Rate, opines Mr. Vijay Kalantri, President, AIAI

The Government Should Reduce Corporate Tax Rate, opines Mr. Vijay Kalantri, President, AIAI  Mr. Vijay Kalantri,  President, All India Association of Industries (AIAI)  speaks about the severity of COVID-19 on the economic viability of MSMEs, and suggests measures to overcome the same. Following are the excerpts of the interview: How do you assess the economic outcome of COVID-19 on India? The pandemic COVID-19 has severely impacted investment sentiments and business operations of all organizations, large or small, the world over. An already ailing Indian economy is no exception. The 21-day lockdown and the uncertainty thereafter, has pushed ratings agency Moody’s to downsize India’s economic growth estimation to an almost three-decade low of 2.5% during 2020. The MSME and informal sectors will be the worst-hit by the ensuing recession, and the estimated loss to the economy will be to the tune of USD 640 million. Are the relief measures announced by the FM and RBI enough to a

Indian Overseas Bank Reduces Interest Rate on Loans

Indian Overseas Bank Reduces Interest Rate on Loans Chennai, March 31, 2020 - Chennai based public sector bank, Indian Overseas Bank, consequent to change in Repo rate by RBI, has reduced the repo linked lending rate (RLLR) by 75 bps. IOB’s Repo linked lending rate will come down from the existing level of 8.00% to 7.25 % per annum wef 01.04.2020. Retail loans (Housing, Education, Vehicle etc.), loans to Micro and Small enterprises and Medium enterprises, which are linked to RLLR, will now be available at cheaper rates. Bank has also, inter alia, reduced the 1 year MCLR from existing 8.45% to 8.25% wef 10.04.2020.  

Bharti Enterprises commits over Rs 100 crore to support India’s battle against COVID-19

Bharti Enterprises commits over Rs 100 crore  to support India’s battle against COVID-19   Mumbai, March 31, 2020:  These are extremely challenging times as the world battles the biggest healthcare crisis of modern era in the form of COVID-19 epidemic. As a nation, our immediate priority is to collectively support the efforts of the Government to mitigate the impact of this crisis.   Bharti Enterprises and its companies Bharti Airtel, Bharti Infratel and others are contributing a sum of over Rs 100 crore for India’s fight against COVID-19.   A significant portion of the corpus will be immediately contributed to the PM - CARES Fund. The balance amount is being directed towards sourcing of masks, PPE and other key equipment for the doctors, healthcare workers and essential services personnel who are at the forefront of this massive battle. Over a million N-95 masks are being procured and will be made available on an immediate basis.   Contribution by e

Ashok Leyland works along with Department of Health and Family Welfare to fight Covid-19

  Ashok Leyland works along with Department of Health and Family Welfare to fight Covid-19 March 31, 2020, Chennai: Reaffirming its commitment towards the community,   India’s leading commercial vehicle manufacturer, Ashok Leyland, flagship of the Hinduja Group , is actively working with the Government authorities and supporting them in tackling the Covid-19 crisis. Ashok Leyland has aligned itself with the Department of Health and Family Welfare for the below mentioned initiatives: ·          Supplying protective items like 3 ply masks, N95 masks, disposable gloves, liquid handwash, sanitisers, body suits for health service personnel. ·          Providing disinfectants, protective chemical guard suit (pant, shirt, and hood), and chemical protection goggles for sanitation staff. ·          Deploying ten vehicles (8 Dost and 2 ICV) with drivers for emergency logistics operation for use by the health department. Other initiatives by the Power Solutions Busi

SBI employees pledge Rs. 100 crore to PM CARES Fund

SBI employees pledge Rs. 100 crore to PM CARES Fund Around 256000 employees to donate two days’  salary to fight the coronavirus pandemic Mumbai – March 31, 2020 : In the fight against COVID-19, around 2,56,000 employees of the country’s largest lender, State Bank of India (SBI) have decided to contribute two days’ salary to the Prime Minister’s National Relief Fund. With this collective effort and commitment of SBI employees, Rs.100 crore will be donated to the PM CARES Fund which is created to fight the coronavirus pandemic. Last Week, SBI had committed 0.25% of annual profit for FY 2019-20 as a part of its CSR activities to fight COVID-19. Rajnish Kumar, Chairman, SBI said “It is a matter of pride for State Bank of India that all our employees voluntarily came forward to pledge their two days’ salary to the PM CARES Fund. This is the time where we all need to combat this battle of Covid-19 outbreak with united efforts. We at SBI would keep continuing ou

NMDC Ltd. contributes Rs 150 cr. to help in the fight against COVID-19 Biggest support by any GOI PSE to the PMCares Fund

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NMDC Ltd. contributes Rs 150 cr. to help in the fight against COVID-19 Biggest support by any GOI PSE to the PMCares Fund  Hyderabad, March 30, 2020: NMDC Limited, the Navaratna PSE mining company, today declared that they will contribute INR 150 cr. to the PMCares Fund to help in the fight against COVID -19. This was announced via a tweet by Shri N. Baijendra Kumar, IAS, CMD, NMDC. A link to the tweet is given below. https://bit.ly/2QVGPJb This will be the biggest support offered by any PSE in the country to help the fight against Corona so far. NMDC has already rolled out various preventive measures at the headquarters, plants and offices to protect the employees and their families against the spread of CORONAvirus (COVID-19). NMDC which has operations in the remote parts of India has also implemented steps to fight the Corona Virus at the villages and hamlets adjacent to its facilities and townships. Shri N. Baijendra Kumar, IAS, CMD, NMDC, commented, “Novel Coronavirus is one o

CANARA BANK IS NOW INDIA’S 4TH LARGEST PUBLIC SECTOR BANK · Amalgamation of Syndicate Bank into Canara Bank comes into effect from April 1, 2020

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CANARA BANK IS NOW INDIA ’S 4TH LARGEST PUBLIC SECTOR BANK ·          Amalgamation of Syndicate Bank into Canara Bank comes into effect from April 1, 2020 ·          Combined Bank to have 10391 branches, 12829 ATMs along with a business size of 16 lakh + crore ·          The benefit of best of technology and digital experiences from both Banks ·          Combined strength of 91685 employees provides an excessive pool of talent ·          Customers to benefit from a wider suite of products and offerings with better pricing ·          Greater focus to front-end customer-facing roles will lead to improved customer experience excellence Bengaluru 31 st March 2020 : Sharing views on this important milestone, Shri. L.V.Prabhakar , MD & CEO, Canara Bank, said, “It is a momentous day in the chronicles for both our Banks that are driven by the cause of nation-building and with a rich heritage of customer care and services. We are delighted that following the amalgamat

NMDC announced Rs 200 cr. to Chhattisgarh Government towards royalty help in the fight against COVID-19

NMDC announced Rs 200 cr. to Chhattisgarh Government towards royalty help in the fight against COVID-19 Hyderabad, March 31, 2020 : NMDC Limited, the Navaratna PSE mining company, today declared that they will advance royalty payment of INR 200 cr. to the Government of Chhattisgarh to help in the fight against COVID -19. This announcement was made by Shri N. Baijendra Kumar, IAS, CMD, NMDC, today on micro blogging site Twitter. A link to the tweet is given below. https://twitter.com/baijendra This support offered is unique as only yesterday NMDC contributed Rs 150 Cr. to the PMCARES Fund of the Government of India. To top that contribution with another Rs 200 Cr. as advance royalty puts NMDC as one of the unique corporates who have supported both Central and State governments. NMDC has already rolled out various preventive measures at the headquarters, plants, and offices to protect the employees and their families against the spread of the CORONA Virus (COVID-19). NM

FGII announces a benefit of INR 50,000 each for their business active agents against COVID-19 infection

FGII announces a benefit of INR 50,000 each for their business active agents against COVID-19 infection   Mumbai, March 31, 2020: Future Generali India Insurance Company Limited (FGII), the general insurance arm of the joint venture between retail giant Future Group and global insurer Generali, announced to provide a relief fund of INR 50,000 each to their business active agents if they, their spouses or their children are tested positive for COVID-19. FGII has introduced this practice to support their business active agents who continued to work amid the coronavirus outbreak. There are over 8000 agents and Future Generali India Insurance promises to look after each one of them if they face any unforeseen situation. Mr. Anup Rau, MD & CEO,Future Generali India Insurance said,“While the world is dealing with the COVID-19 pandemic, our agents have been instrumental in creating awareness and getting so many people insured so that in the time of need, they are taken care off. So it’s
Punjab National Bank cuts interest rates PNB has decided to pass on the full benefit of recent RBIs policy rate cut of 75 bps to its borrowers covered under External Benchmark linked product of Repo Linked Lending Rate (RLLR) in respect of Retail/ MSME portfolio w.e.f 01.04.2020. Further, Bank has also reduced its MCLR rates by 30 bps across the tenor for better monetary transmission of policy rate cut benefit to the borrowers. The rates shall be applicable for the amalgamated entity. The bank has also reduced its base rate by 15 bps from 9.05% to 8.90%. Bank has further reduced its term deposit rates in various maturities bucket with maximum rate of 5.80% for deposits maturing in 1 year and above.

फ्युचर जनराली इंडिया इन्शुरन्स कंपनीच्या वतीने कोविड – 19 संसर्गाच्या पार्श्वभूमीवर प्रत्येक सक्रीय व्यवसाय एजंटना प्रति रु 50,000 चे लाभ देण्याची घोषणा

फ्युचर जनराली इंडिया इन्शुरन्स कंपनीच्या वतीने  कोविड – 19 संसर्गाच्या पार्श्वभूमीवर प्रत्येक सक्रीय व्यवसाय एजंटना  प्रति रु 50,000 चे लाभ देण्याची घोषणा   मुंबई, 31 मार्च, 2020: फ्युचर जनराली इंडिया इन्शुरन्स कंपनी लिमिटेड (एफजीआयआय), हा भलामोठा रिटेल समूह, फ्युचर ग्रुप आणि ग्लोबल इन्शुरन्स जनराली यांच्या संयुक्त विद्यमाची जनरल इन्शुरन्स सहयोगी कंपनी आहे. यांच्या वतीने त्यांच्या प्रत्येक सक्रीय व्यवसाय एजंटना प्रत्येकी रु. 50,000 ची आर्थिक मदत करण्याची घोषणा करण्यात आली. या सक्रीय व्यवसाय एजंटचा जोडीदार, मुलांची चाचणी कोविड- 19 पॉझिटीव्ह आल्यास हे आर्थिक साह्य करण्यात येणार आहे.  जगभरात कोरोना विषाणूने धुमाकूळ घातला असताना जे सहयोगी घटक एफजीआयआयसोबत सक्रीय आहेत त्यांच्याकरिता हे विशेष साह्य उपलब्ध करून देण्यात येईल. जवळपास 8000 हून अधिक एजंट फ्युचर जनरालीसोबत जोडलेले असून त्यांना वैयक्तिक आयुष्यात एखाद्या दुर्दैवी प्रसंगाचा सामना करावा लागल्यास फ्युचर जनराली इंडिया इन्शुरन्सने त्यांची देखभाल करण्याचे आश्वासन दिले आहे. फ्युचर जनराली इंडिया इन्शुरन्सचे एमडी आणि सीईओ अनुप राऊ म्हणाल

कोरोना प्रतिबंधासाठी सामाजिक सहयोग उपक्रम

'प्रोजेक्ट स्टे आय' कोरोना विषाणू संसर्ग साखळी तोडण्यासाठी एसबीआय, एचयूएल, ड्यूश बँक, लेमन-ट्री, जिंजर, ओयो, झोमॅटो, यांचा कोरोना प्रतिबंधासाठी सामाजिक सहयोग उपक्रम नवी मुंबई, ३१ मार्च २०२०:  भारतातील सर्वात मोठी एकात्मिक आरोग्य सेवा शृंखला अपोलो हॉस्पिटल्स ग्रुपने कोविड-१९ विरोधात सुरु केलेल्या प्रोजेक्ट कवच या सर्वसमावेशक योजनेला पुढे वाढवले गेले आहे. प्रोजेक्ट कवच या योजनेची घोषणा २६ मार्च रोजी केली गेली होती. कोविड-१९ च्या प्रतिबंधासाठी संसर्गाची साखळी तोडण्याच्या #BREAKTHECHAIN धोरणामध्ये आयसोलेशन म्हणजेच विलगीकरण किंवा इतरांपासून दूर, वेगळे राहणे हा सर्वात मोठा भाग आहे.  प्रोजेक्ट स्टे आय हा कोविड-१९ विरोधातील लढाई अधिक जास्त मजबूत करण्याचा अभिनव उपक्रम आहे.  यामध्ये क्वारंटाईनसाठी थोड्या प्रमाणात वैद्यकीय देखरेखीची सुविधा असलेल्या आयसोलेशन रूम्स हॉटेल्समध्ये बनवल्या जातील, विषाणूचा फैलाव न होता लोकांना बरे करण्यासाठी बॅरियर निर्माण केले जातील आणि गरज पडल्यास त्यांना योग्य वेळी वैद्यकीय सेवांसाठी घेऊन जाता यावे यासाठी त्यांची देखभाल केली जाईल. पूर्ण देशभरात प्रमुख रुग्णा

Amidst the lockdown, PayPoint ensures basic banking services at essential neighborhood shops

Amidst the lockdown, PayPoint ensures basic banking services at essential neighborhood shops Further to the directives of the Indian Finance Minister to keep banking services operational, PayPoint micro-ATMs installed at its retail partners help citizens withdraw cash, transfer money, and deposit cash at no extra charges. The facility can be availed with other essential services such as grocery, medicine and food. Mumbai, March 31, 2020: As the country comes to a standstill due to the outbreak of the Covid-19 pandemic, PayPoint India puts the best effort to keep all its Customer Service Points (CSPs) operational so that the essential Banking Services may be delivered to banks’ customers, as per the directives of the Finance Minister - Smt. Nirmala Sitharaman. It may be recalled that even in the complete nationwide lockdown to avoid the spread of the pandemic, Banking Services are required by the Central Government to be operational so that people may withdraw money to purchase ess

कन्साई नेरोलॅक ने आपल्या पेंटर्सना अंतरिम दिलासा देण्यासाठी निधी वितरणाची घोषणा केली

कन्साई नेरोलॅक ने आपल्या पेंटर्सना अंतरिम दिलासा देण्यासाठी निधी वितरणाची घोषणा केली या उपक्रमाचा ३०,००० हुन अधिक पेंटर्स ना फायदा होईल सध्याच्या कोविड - १९ च्या परिस्थितीच्या पार्श्वभूमीवर भारतातील पेंट कंपन्यांपैकी एक असलेल्या कन्साई नेरोलॅक पेंट लिमिटेड ने जाहीर केले आहे की, ते आपल्या पेंटर्स ना लवकरात लवकर निधी वितरित करेल. नेरोलॅक प्रीमियम पेंटर प्रगती कार्यक्रम नेरोलॅकच्या पुढाकाराने अंदाजे ३६००० पर्यंत ३०००० पेक्षा जास्त पेंटर लाभ घेऊ शकतात. या उपक्रमाबाबत बोलताना कन्साई नेरोलॅक पेंट्स चे कार्यकारी संचालक श्री अनुज जैन म्हणाले, कोविड - १९ (साथीचा रोग) सर्व देशभर सर्वत्र मोठ्या प्रमाणात माणुसकीवर विनाशकारी परिणाम होत आहे. मानवाचे आरोग्य व सुरक्षितता व्यतिरिक्त सध्या परिस्थिती गंभीर आर्थिक संकटाला कारणीभूत ठरली आहे. विशेषतः दुर्बल सामाजिक - आर्थिक स्थरातील लोकांसाठी आमच्या पेंटर समुदायाच्या उपजिविकेवर विपरीत परिणाम झाला आहे आणि आमचा विश्वास आहे की, आतापर्यंत आपली काळजी आहे हे दाखवायची वेळ आली आहे. त्यांनी वर्षानुवर्षे सातत्याने पाठिंबा दर्शवला आहे आणि अशावेळी ह्या कठीण परिस्थितीत

कोविड-19 विरोधातील लढ्यात एल अँड टी सहभागी

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  कोविड-19 विरोधातील लढ्यात एल अँड टी सहभागी पीएम-केअर्स निधीला 150 कोटी रुपयांची देणगी घोषित मुंबई , 30 मार्च : कोविड-19 या विषाणूविरुद्धच्या लढ्यात लार्सन अँड टुब्रो ही कंपनीदेखील सामील झाली आहे. या लढ्यासाठी निधी उभारणी , सामुदायिक कल्याणकारी योजनांची अंमलबजावणी आणि कौशल्य प्रदान करण्याच्या कॉर्पोरेट क्षेत्राच्या कार्यक्रमात ती सहभागी झाली आहे. पंतप्रधानांच्या आवाहनाला प्रतिसाद देत एल अँड टी कंपनीने पीएम-केअर्स फंडासाठी 150 कोटी रुपयांची देणगी जाहीर केली आहे. तंत्रज्ञान , अभियांत्रिकी , बांधकाम , उत्पादन आणि वित्तीय सेवा या क्षेत्रांत प्रकल्प व्यवस्थापन करणाऱ्या या दिग्गज कंपनीने आपल्या 1 लाख 60 हजार इतक्या कंत्राटी कामगारांना मदत करण्याच्या हेतूने दरमहा 500 कोटी रुपयांची अतिरिक्त तजवीज केली आहे. सध्याच्या टाळेबंदीच्या काळातही या कामगारांना वेतन देता यावे , तसेच इतर मजुरांना अन्न व मूलभूत सुविधा पुरविता याव्यात यासाठी ही रक्कम वापरण्यात येणार आहे. करोना व्हायरसच्या साथीवर मात करण्यासाठी कंपनीने आखलेल्या योजनेची माहिती देताना लार्सन अँड टुब्रो समुहाच

मॅनकाइण्‍ड फार्मा कडून कोविड -१९ विषाणू विरूद्धच्या लढ्यास ५१ कोटीचा मद्त निधी

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