Saturday, Apr 4 2020 | Time 09:28 Hrs(IST)
image
  • Young people discharged after being treated for COVID-19 may retest positive: Study
  • China registers 19 new COVID-19, 4 death
  • Saudi Arabia welcoming any country willing to balance oil market – Energy Minister
  • Dortmund stadium converted into COVID-19 testing center
  • 180 COVID-19 patients discharged from hospitals on Chinese mainland
  • COVID-19: FIFA Working Group says all June's int'l matches should be postponed
  • Saudi foreign ministry refutes rumors that Riyadh wants to destroy shale oil market
  • COVID-19: Trump says CDC advises cloth masks, but he won't wear one
  • US to allow energy producers to store surplus oil to sell Later - Trump
  • Trump opposes delaying 2020 Presidential election due to Coronavirus
  • New Zealand confirms 82 new COVID-19 cases
  • Neymar donates 1 million dollar to curb coronavirus
  • Head of World Athletics hopes COVID-19 can be contained before autumn
  • US performs record 1 4 Million COVID-19 tests - Pence
  • Trump says America oil executive did not request bailouts, discussed tariffs
Business Economy


SIAM proposes to set up South Asian Automotive Forum

New Delhi, Feb 27 (UNI) Society of Indian Automobile Manufacturers (SIAM) proposed to set up a South Asian Automotive Forum, with participation of industry associations and Government representatives from Bangladesh, India, Myanmar, Nepal and Sri Lanka, a statement said here on Thursday.
The objective of the forum is to further trade and establish a strong automotive industry in the South Asian Region; along with a goal to widen and deepen the relationship between the automotive industries in all the five South Asian countries.
SIAM has proposed this during the 1st meeting held between the associations of all the five countries.
The associations that participated in the meeting included Bangladesh Automobiles Assemblers & Manufacturers Association (BAAMA), Automobiles Association of Nepal (NADA), Myanmar Automobile Manufacturers and Distributors Association (MAMDA) and Ceylon Motor Traders Association (CMTA).
On this proposal, Rakesh Sharma, Chairman – SIAM Exports Group and Executive Director, Bajaj Auto said, “A large share of our automobile exports, about 16% amounting to USD 1.8 billion pa, goes to these South Asian countries. Hence, it is important that a forum for discussions be established to ensure sustained and mutually beneficial growth.
Several Indian automobile and auto component manufacturing companies have already established factories for manufacturing and assembly in these markets. Now the aim is to build a closer engagement within the South Asian Automotive fraternity to support the development of an efficient value chain and serve the large customer base whilst meeting the objectives of the respective Governments."
The multi-pronged proposal by SIAM covers various elements in detail and is aimed at building a more comprehensive relationship between the automotive industries in all the 5 countries.
It is a full-stack four-point proposal that emphasizes on Exchange of views and information on topics of mutual interest for all the participating organizations, Organizing joint conferences, seminars and trade shows, Organizing Business Meetings: Manufacturer–Manufacturer & Supplier–Manufacturer, and Delegation visits to manufacturing facilities, testing facilities and scrappage facilities.
The proposed forum will also enable the participants to provide better inputs in the shaping of the automotive policies including in the important areas of homologation, scrappage, road safety and other developments in the mobility space. Sharing of infrastructure can also be envisaged.
UNI DJK SHK1706
More News

Encores India Operation Donates INR 50 Lakhs to Haryana Corona Relief Fund

03 Apr 2020 | 9:55 PM

GURUGRAM, India, April 3, 2020 /PRNewswire/ -- Midland Credit Management (MCM), an Encore Capital Group company, is counted among India's Best Workplaces in IT & IT-Business Process Management (BPM) 2019, as per the GPTW survey. As a responsible corporate citizen, the company believes in cultivating a culture anchored around its people, consumers and community.

see more..

Freedom Oil Contributes Rs 50 Lakhs to COVID-19 PM CARES Fund

03 Apr 2020 | 8:55 PM

- Partners with Government of Andhra Pradesh to distribute edible oil worth Rs.42 Lakhs to the needy in the state
HYDERABAD, April 3, 2020 /PRNewswire/ -- Gemini Edibles & Fats India Pvt Ltd (GEF India) the makers of Freedom Healthy Cooking Oils today contributed a sum of Rs. 50 Lakhs to the PM CARES Fund to support the relief and safety measures being undertaken by the Government in view of COVID-19 pandemic. The company also partnered with the Government of Andhra Pradesh to distribute the essential commodity - edible oil worth Rs. 42 Lakhs to the underprivileged near the GEF refineries in Andhra Pradesh.

see more..
Sensex falls 674 36 pts

Sensex falls 674 36 pts

03 Apr 2020 | 8:48 PM

Mumbai, Apr 3 (UNI) The BSE Sensex on Friday tanked further 674.36 pts to settle at 27,590.95 on heavy selling in finance, bankex, IT and metal stocks amid negative global cues.

see more..

UPPCL to go for load shedding on Apr 5, from 8 PM to prevent Grid from collapsing

03 Apr 2020 | 8:48 PM

Lucknow Apr 3(UNI) Prime Minister Narendra Modi's appeal to the people to switch off lights for 9 minutes at 9 pm on April 5, has prompted the Uttar Pradesh Power Corporation Limited (UPPCL) to order for load shedding across the state to prevent the power grid from collapsing due to sudden drop in demand for electricity.

see more..

Courses Continue Virtually for Students at Vogue Institute of Art and Design During Lockdown

03 Apr 2020 | 7:29 PM

BANGALORE, Apr 3, 2020 /PRNewswire/ - Even after the lockdown to fight coronavirus, the students at Vogue Institute of Art and Design continue learning their courses through virtual classes. From interior designing to fashion designing, visual arts to jewellery designing, the institute has begun conducting live classes for its students.

see more..
image