M&M to provide financial assistance to families of staff succumbing to COVID-19
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Last Updated: May 17, 2021, 04:55 PM IST
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M&M has initiated a family assistance policy for its employees, under which the company will also support children s education till Class XII with provision of up to Rs 2 lakh per annum per child for its deceased employees.
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The Family Assistance Policy , he said further enhances the support of one-time payment of twice the annual compensation that the company has provided over the past year,
Mahindra & Mahindra (M&M) will pay salary for the next five years besides a one-time payment of twice the annual compensation in case of any of its staff succumbing to COVID-19 under a family assistance programme, according to a letter by Mahindra Group Managing Director and CEO Anish Shah to its employees.
India’s top carmaker Maruti Suzuki slices production as lockdowns hit sales
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India’s top carmaker Maruti Suzuki slices production as lockdowns hit salesBy Ragini Saxena and Haslinda Amin, Bloomberg
Last Updated: May 04, 2021, 04:14 PM IST
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Maruti isn’t the only carmaker feeling the pain. Hero MotoCorp Ltd., the world’s largest producer of two-wheelers, halted operations temporarily at all of its manufacturing facilities in response to a surge in Covid cases last month, while Ashok Leyland Ltd. scaled down the operations of some of its plants, which are only expected to work for seven to 15 days in May.
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The country is now making an ambitious push for what it calls electric mobility, to reduce smog. But the effort is plagued with technological and logistical hurdles, even for those relatively simple vehicles.
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H.S. Panno, an independent contractor living in a spacious two-story penthouse in New Delhi, had his doubts when he bought his first electric car in September. So far, he s pleased with his savings on gas and maintenance, which are down by more than half, but disappointed with the practical limitations of driving his Nexon XZ+. For starters, he says he s only getting 200 kilometers (125 miles) per charge, not the promised range of 315 kilometers (195 miles). And he can t drive the car outside the city because of a lack of charging stations.
Maharashtra shuts most manufacturing, restricts e-commerce to fight COVID-19
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Last Updated: Apr 14, 2021, 10:05 AM IST
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On Tuesday, state chief minister Uddhav Thackeray ordered most establishments and public places will be closed in the state except those which are deemed essential, including grocery shops, hospitals, banks and stock exchanges.
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India s richest state Maharashtra will impose stringent curbs on industry and e-commerce for 15 days to slow rising coronavirus infections, its chief minister said on Tuesday, a move that is set to cripple manufacturing and other businesses in the region. Maharashtra - home to India s financial capital Mumbai - has been the country s worst hit state due to the coronavirus, accounting for about a quarter of India s 13.5 million cases. On Tuesday, Maharashtra reported 60,212 new COVID-19 infections.
The company, which has set a goal of putting 5 lakh electric vehicles on Indian roads by 2025, has already invested Rs 1,700 crore in the EV business in India with another Rs 500 crore on a new research and development (R&D) centre.