Donald Trump plans to use defence production act for virus test kits
Trump invoked the act last week but said he would hold off on using it until it was necessary, prompting criticism from Democrats. The law, which dates to the Korean War of the 1950s, grants the president broad authority to “expedite and expand the supply of resources from the US industrial base to support military, energy, space and homeland security programs,” according to the FEMA website.
Turning your office space to a productive sanctuary
Office space is a nurturing ground for productivity. And the architecture of the space ca...
Coal stocks touch 107 mt, enough for two months power generation
Stocks at power plants have touched 42.5 million tonnes, enough for generati...
Dabur suspends production except for ayurvedic medicines, Chyawanprash, sanitizers and hand washes
Dabur company said it plans to stay the course in terms of strategy and operations and will continue to invest behind its brands and business. It added that it has increased production and supply of products like Chyawanprash, Giloy and Honitus in addition to fast-tracking the introduction of hand sanitizers.
Yamaha suspends production at manufacturing plants till March-end
The operations at the Surajpur and Faridabad plants in Haryana have been suspended from March 23 to March 31, whereas the operations at the Chennai plant in Tamil Nadu will be suspended from March 24 to March 31, the company said in a statement.
Ford decides to halt production in India, South Africa on coronavirus impact
Last week, Ford moved to hoard cash, drawing down $15.4 billion from two credit lines and suspending its dividend. It has also abandoned its 2020 financial forecast and said the cash would be used to deal with a squeeze on capital caused by shutdowns in production.
Nayara wants to store surplus crude in strategic oil reserve, refined products in PSUs' storage
Russian oil giant Rosneft-backed Nayara Energy wants the government to let it store its surplus crude in the country’s half-empty strategic petroleum reserve and excess refined products in state refiners’ storage facilities
Covid-19: Handset manufacturers stare at upto Rs 15,000 cr production loss amid lockdown
Foxconn, Flex and Wistron, which together make the bulk of the smartphones sold in India, are closing operations, government and industry officials said.
Fintech startups re-bundling their products, expanding into new geographies: GlobalData
GlobalData said One97 Communications, the parent company of Paytm, became the first fintech unicorn in India after securing $1.6 billion in 2019.
Production halts at motown; auto stocks crack up to 12%
Shares of auto companies tanked up to 12 per cent in early trade after the leading automakers announced suspension of manufacturing activities across plants.
India's oil production in February dips 6.4 per cent on lower private sector output
State-owned Oil and Natural Gas Corp (ONGC) reported a 4.64 per cent rise in production at 1.67 million tonnes as output from its offshore fields saw a pick-up. However, fields operated by the private sector firms reported a 32.6 per cent drop with those in Rajasthan seeing a sharp 32.3 per cent lower production.
Taj sends free meals to Mumbai's govt hospitals, Virat Kohli, Harsh Goenka laud effort
The meal includes salad, rice, dal and sabzi with a bun, munch nuts and a dollop of Amul butter.
Coronavirus impact: Honda Cars suspends production till March-end
Honda Cars India Ltd said it has decided to suspend production at its two manufacturing plants in the country till the end of this month in view of the coronavirus outbreak.
Stock market update: 127 stocks hit 52-week lows on NSE
Domestic benchmark index NSE Nifty was trading 74.95 points up at 8716.4.
Coronavirus impact: Maruti Suzuki suspends production at Gurgaon, Manesar plants
The company's two plants in Haryana -- Manesar and Gurgaon -- churn out 15.5 lakh vehicles per annum.
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