India is preparing a stimulus package for sectors worst affected by a deadly coronavirus wave, aiming to support an economy struggling with a slew of localized lockdowns, people familiar with the matter said. The finance ministry is working on proposals to bolster the tourism, aviation and hospitality industries, along with small and medium-sized companies, the people said, asking not to be identified as the deliberations are private. The discussions are at an early stage and no timeline for an announcement has been decided, they said. A finance ministry spokesman declined to comment. The latest wave of Covid-19 infections has made India the global hotspot for the pandemic and has decimated travel since the second wave picked up in March even though Prime Minister Narendra Modi has refused to implement a strict nationwide lockdown. With nearly 200,000 daily cases daily many local governments, including India’s most industrialized states have imposed curbs against the spread
SME Selects Manufacturing Leaders for 2021 International Honor Awards
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SOUTHFIELD, Mich., May 25, 2021 /PRNewswire/ SME, the professional association connecting manufacturing professionals, academia and communities from all disciplines, has announced its 2021 International Honor Award recipients. These leaders, from industry and academia, are recognized for their contributions to manufacturing, research, education, scientific publications and service to SME.
For over six decades, SME s International Honor Awards have identified professionals whose bodies of work have led to critical breakthroughs and advancements in manufacturing technologies, processes and education as well as honored members for their volunteerism. These distinguished awardees, all SME members, epitomize professional achievement and an overall impact on manufacturing, said Bob Willig, executive director and CEO of SME. Their contributions to industry
NEW DELHI:
SBI s March quarter results have surprised analysts on the asset quality side, with slippages similar to or better than those of large private banks. While there are some concerns over the credit growth and the impact of Covid 2.0 on SME accounts, foreign brokerages are largely positive on the stock, with targets as high as Rs 650, suggesting up to 62 per cent potential upside for the stock over Friday s close of Rs 401.10.
SBI s March quarter was a big beat, CLSA said, while revising its target on the stock to Rs 650 from Rs 600 earlier. FY21 slippages at less than 1.2 per cent of the loans were the best in class and the corporate credit cycle is clearly turning with retail slippages at less than 0.5 per cent.
Express News Service
CHENNAI/TIRUNELVELI/TENKASI: Several units at industrial estates in Chennai are struggling to survive owing to workforce shortage as the labourers had left for their native following the second wave.
Many units in Guindy have shut down, says Industrial Estate Manufacturers Association president KV Kanakabaram.
“A lot of people tested positive here and the so the labourers left for their hometowns. Even I had to close down my unit,” he said. All eyes are now on the packages that could be announced by MK Stalin after he assumes the Chief Minister office, to support the ailing small scale industries.
Airtel building omni-channel digital capabilities to drive enterprise business: Gopal Vittal
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Synopsis
Gopal Vittal, CEO of Airtel claimed that Airtel’s enterprise business continued to gain market share not just annually but quarter on quarter. “In fact as per Frost and Sullivan from a 23 percent revenue market share in December 2018 we are now at 31 percent share in December 2020. This represents an 8 percent share gain in two years.
Bharti Airtel said that it is doubling down on its enterprise business by “re-tooling” its channels and product portfolio, adding that the telco cornered 31% enterprise market share in December 2020, an 8 percent share gain in two years.