Welcoming the various suggestions of SRTEPC, Madhu Sudhan Bhageria, Chairman and Managing Director, Filatex India Ltd said, “The immediate requirement is to allow the manufacturing facilities to function with at least 50% capacity and gradually lift the restrictions, create an environment to export the produce without any hassles from different departments involved in the system.” … [Read more...] about COVID-19 | Synthetic textile industry seeks special relief package
Plastics and rubber industry
One survey, conducted anonymously by ESPN, found that 63% of MLS players would consider whether or not a team plays on grass or plastic as a factor in any transfer decision. Even as far back as 2007 when David Beckham had only just pitched up at the LA Galaxy, there was growing dissent against the presence of artificial surfaces in the league. “Every game, every team should have grass, without a doubt,” Beckham said at the time. The discussion around plastic pitches in MLS isn’t a new one, but this is a large part of the point. Players continue to feel they aren’t being listened to. … [Read more...] about Fake plastic unease: Can MLS become a world-class league on artificial turf?
New Delhi: Manufacturers of critical medical items like gloves, masks, needles and sutures in various parts of the country including Noida and Gurugram are facing major problems in running their operations after Covid-19 hotspots in their states were sealed off with a virtual curfew, industry executives said. Although medical services fall in the category of essential goods and services and are exempted from curbs imposed during the ongoing nationwide lockdown, their problems worsened after the hotspots were sealed off, they said. “It has become difficult to move out even if we are running essential services,” said Vivek Singh, CEO of Quality Needles in Noida. “The administration in Noida is not giving permission or allowing us to run operations. They are only allowing doctors to go - the rest is not permitted, according to them.” The Uttar Pradesh government decided on Wednesday to seal coronavirus hotspots in 15 districts in a bid to stop the spread of the … [Read more...] about Medical gear cos find going tough as states seal hotspots
“The management of this company will not be pricing a debt instrument based on the share price of yesterday, today or tomorrow,” Gol Chief Financial Officer Richard Lark said. “That’s not going to happen.” ($1 = 5.2207 reais) (Reporting by Marcelo Rochabrun; Additional reporting by Carolina Mandl; Editing by Jonathan Oatis and Bernadette Baum) … [Read more...] about UPDATE 2-Brazil airline Gol has room to slash fleet to counter coronavirus impact
The government’s ability to push infrastructure and even fund bus purchases is constrained.In two wheelers, demand from rural areas is expected to be better than urban markets due to better rabi prospects. However, delay in harvesting caused by labour shortage due to the lockdown and prices received by farmers for their produce remain key variables.In FY20, the sector recorded its worst annual volume decline for the two-wheelers and passenger cars, while the medium and heavy commercial industry saw the worst fall in the history, according to Jefferies. The volume growth in the first quarter is likely to be a washout due to lockdown. Even after lockdown is lifted, there could be lower footfall at retail outlet for few months as fear psychosis creeps among consumer. The auto volume is expected to fall 35-45% in the first quarter of the financial year. The first-quarter volume accounts for 23-26% of the total volume for the auto-makers. “We cut FY21 growth estimates for … [Read more...] about Covid-19 to pull back India’s passenger vehicle and truck market by a decade