The company is looking to dilute equity stake to strategic partners

Event through Feb 13-18 at BKC in Mumbai brought in 2,594 MoUs entailing Rs 7.94 lakh cr investments

Currently, the $2.9 billion RPG Group earns 42 per cent of its revenue from overseas

At 71.3125/3150 per dollar

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The CII survey indicates that permits for enterprises, passes for workers and supply chain movement are the key hurdles for industry in exit from lockdown. For facilitating restart of economic activities, CII has suggested that in non-containment zones, businesses should be allowed to function without requirement of permits and only through intimation to local authorities. While state governments have mostly clearly communicated restart guidelines to businesses, firms are facing hurdles in movement of workers and raw materials in commencing operations. These are the findings of a nation-wide survey conducted by the Confederation of Indian Industry (CII).

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While reopening economic activities, we need to keep in mind that the industry cannot be opened in isolation, the whole ecosystem along with the related supply chains needs to be revived and restarted, said Suresh Prabhu, Hon'ble Member of Parliament. We should follow the Chinese model of revival through specific geographical openings for economic activities in areas which are marked green and keeping the hotspot districts completely locked, till there is full containment in those areas, said Hon'ble Member of Parliament. This is the time India needs to take advantage of the crises and convert it into an opportunity, we set our National goal of getting Foreign Direct Investments to India and each citizen and all arms of the government must work towards this common goal with complete alignment of reforms, said Prabhu. Businesses are the most important part of the economy, as they are significant contributors to economic growth and progress, he said.

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In his opening remarks, the Governor appreciated the efforts of banks in ensuring normal to near normal operations during the lockdown period.

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Mr Nitin Gadkari, Minister of Road Transport and Highways and MSME, Govt of India said that government is likely to announce a relief package for the MSME sector soon. He further said that all stakeholders must adopt an integrated approach to come over the crisis while ensuring the lives and livelihood of the people. Mr Gadkari also urged the industry to have a positive attitude during this time to tide over this crisis. "We will win the fight against corona along with the economic crisis and make India the superpower nation. Hum honge kamyab," said Mr Gadkari.

The country-wide lockdown imposed on 23rd March, while necessary, has had deep ramifications on economic activity. According to the CII CEOs Snap Poll on Impact of COVID-19 on Economy and Industry, while a majority of the firms continue to anticipate a significant decline in their topline, they now foresee a delay in economic revival and demand recovery. The survey saw the participation of more than 300 CEOs, of which nearly two-thirds belonged to MSMEs. The lockdown brought economic activity to a grinding halt and the survey findings indicate that a significant majority of the firms (65%) expect revenues to fall more than 40% in the current quarter (Apr-Jun 2020). For financial year 2020-21, the expectations of a fall in revenue are staggered, with 33% of the firms anticipating a revenue fall of more than 40%, closely followed by 32% of firms expecting a revenue contraction ranging between 20% to 40%.

Union Minister for MSME and Road Transport and Highways, Nitin Gadkari informed that a policy on imports substitution is being thought of in the wake of the new economic situation created by COVID-19 pandemic. He called upon various stake-holders to convert knowledge into wealth by improving quality through innovations and cutting down cost. He sited the example of a Nagpur based MSME Orange cluster taking up PPE making from scratch. These PPEs cost between Rs 550 to Rs 650 against the market price of about Rs 1200 for which country was heavily import dependent. The cluster is in a position to supply large quantity of PPEs.

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The procurement of wheat and rice (second crop) during the ongoing Rabi season has picked up pace despite severe logistical constraints posed due to the countrywide lockdown. Against the target of 400 Lakh Metric Tonnes (LMT) of wheat, procurement for central pool has touched 216 LMT upto 06.05.20. It is particularly heartening since procurement in major wheat procuring states like Punjab, Haryana and Madhya Pradesh had started only after 15th April. Similarly paddy procurement is also going on smoothly with 44.9 LMT paddy procured so far by the government agencies.

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There are plenty of financial and nonfinancial issues advisers need to address with their clients before they sell their business.

A lot of executives who get restricted stock think they have taken care of taxes on them, but get a surprise bill in the end. How to avoid this.

It may be noted that the site was issued warning letter in November, 2015 after the inspection in 2014, and was under "Official Action Indicated" classification till now.

KareRing adheres to standards like data encryption. Advanced tracking technology increases accuracy by using other sensory data. The app leverages AI-powered global identity verification to authenticate users' identity before onboarding them and uses data analytics and intelligence techniques to visualize user data. An inbuilt, WHO-compliant bot is used for user self-health assessment. The app has also an added functionality for healthcare organizations to evaluate the efficacy of the vaccine under trial.

Speaking about this new fried chicken on the menu, Seema Arora Nambiar, Sr. Vice President, Menu, Marketing and People Resources, McDonald's India (West and South) said All our products are designed keeping in mind what our consumers want and like. McSpicy Fried Chicken has been specifically crafted as per the taste preference of our consumers. This product is carefully marinated with ghost chili pepper and is fried to perfection to ensure it is spicy to the last bite - just the way consumers love it.

The company has now received demand notice for the further period i.e. 2013-14 from the Commercial Tax Department, Karnataka aggregating to Rs. 85.19 crores (including interest & penalty) by treating the stock transfers of its Mangalore Plant as interstate sales to dealers.

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The remaining manufacturing plants of JK Tyre in India and Mexico are in preparatory mode and will resume operations subsequently.

Exit polls predicted a win for the DMK-Congress alliance in Puducherry too, ousting the ruling All India NR Congress

Most exit polls see loss for Jaya; Assam for BJP; left turn for Kerala

State Bank of India was transferring the money from Coimbatore to Vishakhapatnam to tide over a cash shortage in Andhra Pradesh when the vans were seized by the Election Commission

AIADMK was leading in Mayiladuthurai, Poompuhar, Sankari, Udhagamandalam and Athur, the EC said

Neck to neck fight between two dravidian parties

Sun TV is promoted by DMK chief M Karunanidhi's grand-nephew Kalanithi Maran

AIADMK supremo J Jayalalithaa was leading by over 5,000 votes in RK Nagar in the city against her nearest rival Shimla Muthuchozhan of DMK

As per trends, J Jayalalithaa-led AIADMK appears to be winning Tamil Nadu for a straight second term, bucking the tradition since 1989 when a ruling party has not returned to power

Anbumani is trailing in Pennagaram constituency.

Jayalalithaa leading by over 16,000 votes in Dr RK Nagar constituency, ahead of her DMK rival Shimla Muthchozhan

The party was expecting a victory against the All India Anna Dravida Munnetra Kazhagam (AIADMK) and the exit polls boosted this confidence

Election trends suggest that Congress has lost in Kerala and Assam and has failed to make a dent in West Bengal and Tamil Nadu despite alliances

She said she has no other interest in life than working for the people of Tamil Nadu

Analysts now believe that if the DMK had projected him the chief ministerial face instead of his 91-year-old father the whole hog, probably the election verdict could have been different

Some with direct connections to political dispensations could face heat; others considered close to the winning party could expect good times

The J Jayalalithaa-led AIADMK has retained power by winning 134 seats in the 234 Assembly seats

BJP wins in Assam, opens account in Kerala; Congress loses two states; Left sweeps Kerala; Mamata decimates Opposition in West Bengal

A party must secure a minimum of six percent of all votes polled, which DMDK did not

Sonowal to take oath in Assam on Sunday, Mamata in West Bengal on May 27

DMDK's vote share plummeted to 2.4% in the 2016 Assembly polls from 7.88% in 2011, even as the party failed to return a single legislator

This is for the first time since MGR's death in 1987 that a party will return to power for a second straight term in Tamil Nadu