Schiff, Khanna call for free masks for all Americans in coronavirus aid package

California Democratic Reps. Adam SchiffAdam Bennett SchiffSchiff, Khanna call for free masks for all Americans in coronavirus aid package House Intelligence panel opens probe into DHS’s involvement in response to protests Democrats exit briefing saying they fear elections under foreign threat MORE and Ro KhannaRohit (Ro) KhannaSchiff, Khanna call for free masks for all Americans […]

Was Shoaib Akhtar’s talent overshadowed by his sagas?

But it’s one thing to run through teams on helpful tracks or when there’s support from the other end, and another to do it on your own. Shiva Jayaraman from ESPNcricinfo’s stats team has come up with an ingenious way to separate one from the other, and Akhtar finds a place in this next table […]

SCG latest operating results highlight agility and strategies to overcome COVID-19

The packaging business focuses on optimising manufacturing process and introducing new standards to ensure safety The Packaging Business remains strong with upside potential due to the merger and partnership with Fajar Surya Wisesa Tbk, a leading Indonesian packaging paper company, Visy Packaging (Thailand) Ltd., and the planned acquisition of Bien Hoa Packaging JSC or SOVI […]

US manufacturing output flat as auto production falls

WASHINGTON – U.S. manufacturing output was unchanged in March after two straight monthly declines, leading to the largest quarterly decrease in production since 2017.The Federal Reserve said on Tuesday manufacturing production last month was restrained by weak motor vehicle and wood products output. Data for February was revised up to show output at factories falling […]

U.S. economy starts long recovery as retail sales post record jump

The report from the Commerce Department on Tuesday followed news early this month that the economy created 2.5 million jobs in May. Layoffs are also ebbing and manufacturing activity is improving, though production remains at very low levels. The surge in retail sales last month recouped 63% of March and April’s decreases. But the journey […]

Banks sanction Rs 1.38 lakh crore loans to MSMEs under ECLGS

However, disbursements against this stood at Rs 92,090.24 crore till August 3 under the 100 per cent ECLGS for micro, small and medium enterprises (MSMEs). The scheme is the biggest fiscal component of the Rs 20-lakh crore Aatmanirbhar Bharat Abhiyan package announced by Finance Minister Nirmala Sitharaman in May. The latest numbers on the ECLGS, […]

PSBs disburse Rs 21,029-cr loan to MSMEs under credit guarantee scheme

public sector banks have disbursed Rs 21,028.55 crore under the Rs 3-lakh crore Emergency Credit Line Guarantee Scheme (ECLGS) for the MSME sector reeling under stress due to the coronavirus-induced lockdown.Public sector lenders have sanctioned loans worth Rs 40,416 crore under the 100 per cent ECLGS for the micro, small and medium enterprises (MSMEs), starting […]

Gadkari launches scheme to provide Rs 20,000 cr guarantee cover to MSMEs

Nitin Gadkari on Wednesday launched the Credit Guarantee Scheme for Sub-ordinate Debt to provide Rs 20,000 crore of guarantee cover to two lakh micro, small and medium enterprises.The funding scheme to help the distressed MSME sector entails a sub-debt facility to the promoters of those operational MSMEs that are distressed or non-performing assets (NPAs). It […]

Tesla’s reluctant commitment to cobalt a warning to others

However, Glencore has recently concluded a flurry of supply deals with battery-makers and now with Tesla, signalling the company “has placed a strategic focus on forward selling its built-up hydroxide stocks,” according to analysts at Roskill.The research house estimates that Glencore has now locked in sales representing around 82% of production at Katanga. That, combined […]

Banks should prioritise loans to MSMEs with higher credit rankings under GECL: Report

low credit rankings, and banks should prioritise the remaining 80 per cent while extending loans under the Rs 3 lakh crore package, a study by Transunion Cibil said on Monday. The Guaranteed Emergency Credit Line (GECL) facility is applicable to all MSME (micro, small and medium enterprises) borrowers with industry-wide aggregate credit exposure of up […]