Automotive Axles, N.R. Group, ATME College of Engineering help Mysuru navigate Coronavirus crisis
Mysore/Mysuru: With Mysuru continuing to reel under the second wave of
COVID-19 infections, corporate companies in the district are pitching in with relief efforts. The funding and relief efforts are focused on providing immediate medical relief to ease the pressure on medicines and life-saving oxygenated beds availability and healthcare infrastructure.
Automotive Axles-Meritor HVS India (P) Ltd. has come forward to take over one entire floor of the District Hospital on KRS Road and convert it into an advanced ICU care facility by donating over 100 hi-tech beds at an estimated cost of about Rs. 2 crore to Rs. 2.5 crore. These beds would be operational in the next two weeks.
Industrial activity in Karnataka, which had gathered momentum, is getting affected again
Industrial activity in the State, which had picked up after the restrictions imposed during the lockdown last year were eased, seems to be getting affected again with the raging pandemic. While cluster outbreaks have been reported in industrial areas in the past fortnight, several manufacturing plants in the auto sector have already declared holiday to break the chain of infection.
In industrial areas
Multiple sources in the industry confirmed that several big automobile companies have declared holiday, and other factories that have adequate inventory have also shut down for a few days. A big number of cases have started being reported in factories from industrial areas in Jigani–Anekal–Bommasandra, Peenya, Doddaballapur, and Narasapura. Cluster outbreaks have been reported in pharma companies too.
Synopsis
Analysts at the fund house believe the market has run up quite a bit and any more uptick will require a solid financial performance from India Inc.
Most of these stocks saw a surge in the past months.
NEW DELHI: SBI Mutual Fund, India s largest mutual fund house, booked profits in Bandhan Bank and some of other banking names besides in some metal biggies even as it betted heavily in IPOs in December.
December buy-sell data for the fund house showed it sold 1.65 crore shares of Bandhan Bank and dumped 20-85 lakh shares of Vedanta, Tata Steel, Cholamandalam Investment & Finance, DLF, BPCL, Kotak Mahindra Bank and Bank of Baroda.
Here s what India s biggest mutual fund house is betting on
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Synopsis
Analysts at the fund house believe the market has run up quite a bit and any more uptick will require a solid financial performance from India Inc.
Most of these stocks saw a surge in the past months.
NEW DELHI: SBI Mutual Fund, India s largest mutual fund house, booked profits in Bandhan Bank and some of other banking names besides in some metal biggies even as it betted heavily in IPOs in December.
December buy-sell data for the fund house showed it sold 1.65 crore shares of Bandhan Bank and dumped 20-85 lakh shares of Vedanta, Tata Steel, Cholamandalam Investment & Finance, DLF, BPCL, Kotak Mahindra Bank and
Market Movers: SpiceJet, InterGlobe Aviation tank; 314 stocks flash sell signal
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Last Updated: Dec 21, 2020, 06:10 PM IST
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Synopsis
All the 30 components of the Sensex pack ended in the red. With a fall of 9.15 per cent, ONGC emerged as the top loser in the benchmark equity index.
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In the broader market, the BSE Smallcap and Midcap indices underperformed largecaps.
NEW DELHI: Aviation stocks took a hit on Monday after the government announced a ban on all flights to and from the UK till the end of this year. On the other hand, Mahindra & Mahindra too slipped more than 6 per cent after the company said its loss-making South Korean arm SsangYong Motor Company (SYMC) has filed for bankruptcy.