> The committee did not specify a current ratio for automobile manufacturing, due to the “just in time inventory” business model for raw materials and parts, and finished goods inventory is funded by channel financing available from the dealers. … [Read more...] about KV Kamath committee report on loan restructuring for sectors: What does it mean?
Local plastic manufacturers
A vaccine works by mimicking a natural infection. A vaccine not only induces immune response to protect people from any future COVID-19 infection, but also helps quickly build herd immunity to put an end to the pandemic. Herd immunity occurs when a sufficient percentage of a population becomes immune to a disease, making the spread of disease from person to person unlikely. The good news is that SARS-CoV-2 virus has been fairly stable, which increases the viability of a vaccine. … [Read more...] about Kamath panel submits report on resolution framework for COVID-hit assets
The 26 sectors selected by the panel for the resolution framework are Power, construction, iron and steel manufacturing, roads, real estate, trading wholesale, textiles, chemicals, consumer durables/FMCG, non-ferrous metals, pharma, logistics, gems and jewellery, cement, auto components, hotels, mining, plastic products manufacturing, automobile manufacturing, auto dealership, aviation, sugar, port and port services, shipping, building materials, and corporate retail outlets. … [Read more...] about Banking stocks trade mixed on resolution framework for COVID-hit assets
Improvement in agricultural harvest, government’s rural development schemes and record water levels in the reservoirs resulted in the boom in demand for tractors. Part of the uptick in demand can also be attributed to the ramp-up in production undertaken by all manufacturers after lockdown was gradually lifted. COVID-19 has largely affected urban areas of India, leading to calls of lockdowns to control its spread while also hitting the economy hard. … [Read more...] about This week in auto: Tractors become first to beat previous year’s sales even as cars, bikes struggle
Xiaomi has launched a new Mi Eco-Active T-Shirt in India. The Mi Eco-Active T-Shirt is environment-friendly clothing that is made in India for fitness enthusiasts. Xiaomi claims that each Mi Eco-Active T-Shirt is made using 12 recycled PET bottles collected from different parts of the country. … [Read more...] about Xiaomi launches Mi Eco-Active T-Shirt made from recycled PET bottles