Bangalore, May 08, 2020: Fortis Hospital, Rajajinagar has taken up a month-long initiative to conduct COVID-19 screening for BBMP workers. The screening comprises a temperature check, BP, GRBS, and pulse by the paramedical staff. The effort would help identify the initial signs of COVID-19.
Additionally, they would also be educated on the importance of adopting hygiene measures, such as washing and sanitizing hands, avoiding touching of the face, and wearing a mask when on duty in order to avoid spreading of the virus.
The screening will be conducted at 7 check post areas, namely: Nagpura Ward No 67 on 8th and 9th, Vrushabhavathi Ward No 102 on 11th and 12th, Mahalakshmipuram ward No – 68 on 13th and 14th, Shankaramatta Ward No -75 on 15th and 16th, Nandhini layout ward No – 43 on 18th and 19th, Marappanapalya ward No -44 on 20th and 21st and Shakthi Ganapathi, Ward NO -74 on 22th and 23th.
Fortis believe in extending their care and services to the front line workers on duty and aim at ensuring their safety while they safeguard the public health in the time of the COVID-pandemic.
• Customer Service business integrated with Marketing & Sales function under Mr. Rajaram Krishnamurthy (VP of Marketing & Sales and Customer Services)
• Regional Heads empowered with responsibility for complete business within their respective zones (North, South East, West)
• Mr. Satyakam Arya, Managing Director & CEO, Daimler India Commercial Vehicles, said: “By integrating our Marketing & Sales and Customer Service divisions, we will ensure a seamless link between customer needs and the products and services we provide. Additionally, our Regional Heads are being empowered for the entire gambit of business they handle with a single face to the customer. This will also enable them to tailor the solutions we offer on a local level and improve the speed of response to the customers.”
Chennai – Daimler India Commercial Vehicles (DICV) has announced a significant change in the organisation’s structure with Customer Service being integrated with the existing Marketing & Sales division under Rajaram Krishnamurthy, Vice President of Marketing & Sales and Customer Services.
Mr. Satyakam Arya, Managing Director & CEO, Daimler India Commercial Vehicles, said: “By integrating our Marketing & Sales and Customer Service divisions, we will ensure a seamless link between customer needs and the products and services we provide. Additionally, our Regional Heads are being empowered for the entire gambit of business they handle with a single face to the customer. This will also enable them to tailor the solutions we offer on a local level and improve the speed of response to the customers.”
DICV organises its Indian business into four regional zones; North, South, East and West. Each zone’s Regional Head will now be in charge of their area’s complete business, giving them more autonomy to make agile decisions.
“India is immensely diverse in terms of geography, language, culture and customs. Each region is as different as another country. By empowering Regional Heads to make decisions at a local level, we offer our customers solutions that suit their individual business needs,” explained Rajaram Krishnamurthy.
The importance of localisation is well understood by DICV, Daimler’s commercial vehicle subsidiary in India. The company is the manufacturer of BharatBenz, the CV brand developed specifically for the pan-Indian market. Taking advantage of Daimler’s global network and engineering expertise, combined with India’s ingenuity and frugality, has allowed the company to quickly carve out a place in the world’s toughest CV market.
DICV recently celebrated the sale of 1 lakh BharatBenz trucks, an impressive milestone that comes less than a decade since the start of production in 2012.
India, May 2020: With the sale of chickens picking up during the COVID-19 lockdowns, Suguna Foods – a leading live bird producer in India advises consumers to opt for live birds that are between 1.7kgs to 2kgs while purchasing meat. The company said that chickens between this weight range are at the peak of their nutrient content & health.
Chicken is a rich source of protein, calcium, amino acids, vitamin B3, vitamin B6, magnesium, and other important nutrients. This lean meat is a healthy alternative to red meat. The domestic demand for broiler meat continues to increase as more and more people opt for healthy balanced diets. The quality and weight of the chicken are critical during purchase. Live birds with a bodyweight of 1.7-2kg are ideal for consumption as the meat at this stage is high in nutrition while being tender and juicy.
Mr.Ravindran Babu, GM-LB Sales, Suguna Foods said– “ At Suguna Foods, we focus highly on the chicken quality. We grow our chicks in a well-managed environment with good hygienic standards at all levels. The necessary balanced nutrients feed required for the birds given at correct intervals to keep the bird healthy. As our trademark goes ‘Younger, Tender and Better’ we believe in the same mantra. We ensure the live bird’s weight is managed between 1.7-2kg so the end product is always juicier and tastier for the consumers.”
Suguna Foods live birds are available at leading poultry retail stores in the region.
Subject: Clarification on media reports about our funds
Dear Investor,
I am personally writing to you today, to address some immediate concerns created by some well-intentioned but factually incorrect reporting across various media channels. Let me provide some clarifications point by point:
1: Reported: Winding up of the schemes means that my money is lost
Fact: This is factually incorrect. We have communicated the reasons and market circumstances that led us to take this extremely difficult decision which was taken purely to protect value for our investors. As the schemes liquidate portfolio holdings subject to market conditions, receive coupon payments and scheduled maturities, the Trustees will start to return monies to investors at the earliest instance in compliance with regulation 41(2)(b) of SEBI (Mutual Fund) Regulations 1996.
2: Reported: The schemes invested in risky, unrated papers
Fact: The schemes followed a consistent investment strategy of investing in investment grade papers across the credit rating spectrum, that is to say, from AAA through to A rated papers. This strategy served the schemes and its investors well till recent times. The schemes were able to generate significant cash flows even during the last 6 months which were more turbulent times for the credit markets. For example, the schemes were able to generate significant cash from the portfolio holdings, a majority of that from papers rated AA and below.
3: Reported: The liquidity problem is not related to the Covid-19 pandemic
Fact: These schemes followed a consistent strategy of investing across the credit rating spectrum and have done so for many years, and across multiple market cycles. The schemes have been able to manage through these cycles and provide daily liquidity. Many of these schemes have been in existence for more than 10 years with a similar strategy. The current Covid-19 pandemic created a severe market dislocation particularly for the types of investments that these schemes hold, though the issue of lack of risk appetite, reduced volumes and illiquidity for corporate bonds was a broader market issue. The inability of the schemes to meet daily redemptions was a direct result of the market situation created by the COVID- 19 pandemic as well as the extended lock-down.
4: Reported: The schemes will not be able to return investor monies for an extended period of time
Fact: Each /scheme has its own maturity profile and in general, shorter duration schemes will be able to return monies to investors faster. The schemes will receive regular coupon payments and maturities. In addition, the schemes will explore all opportunities to monetize the underlying assets in the portfolio, without resorting to any distress sales, such that it can return investor monies at the earliest possible time. It will be the endeavor of the schemes to return these monies well in advance of the maturity dates of the underlying securities.
5: Reported: We should be redeeming our monies from all other Franklin Templeton schemes as these could also be wound up
Fact: The decision to wind up our suite of six yield-oriented schemes was an extremely difficult one and taken only to protect investor interest. It was not a situation in which we hoped to find ourselves. We also recognize this has impacted liquidity for our investors but was necessary in order to preserve value for our unitholders.
Our other fixed income schemes which are open for subscription and redemption, primarily invest in highly liquid securities such as Government Securities, AAA rated bonds or other cash and cash equivalents. These portfolios have the necessary ability to generate liquidity in order to meet redemptions. We have already generated a significant amount of liquidity in these portfolios to meet any redemption requests we may receive.
Our equity schemes remain unaffected and continue to be managed by our experienced and tenured team based in Chennai in line with their investment mandate and fund management philosophy.
6: Reported: Franklin Templeton is winding up its business in India
Fact: Franklin Templeton has been an early and patient investor in India. We have worked to build a long-term business in India over our 25+ year history here. This is also reinforced by the fact that over 33% of our global workforce is based in India. As affirmed by our global CEO, Jenny Johnson, Franklin Templeton’s commitment to India remains steadfast. We are committed to doing all we can to return monies in the schemes that are wound up at the earliest to investors, and to regain your trust in our brand.
This extraordinarily difficult decision to close six of our schemes in a category that we helped create, was taken as it was the only viable option to preserve value for our investors in the current unprecedented environment.
I hope this note serves to bring you some comfort regarding your investments with Franklin Templeton, whether in the schemes that are wound up, or in our other schemes that continue to be open for subscriptions and redemptions.
I remain committed to bringing you regular updates to help answer your most urgent and important queries.
In case you need any further assistance, please feel free to call our dedicated helpline at 1-800-258-4255 or 1-800-425-4255 from 8 a.m. to 9 p.m., Monday to Saturday. Alternatively, you can also e-mail us at service@franklintempleton.com. We will be happy to talk to you.
Thank you.
Sincerely,
Sanjay
Sanjay Sapre President Franklin Templeton Asset Management (India) Pvt. Ltd.
ಬೆಂಗಳೂರು: ದೇಶದಲ್ಲಿ ಹೆಚ್ಚುತ್ತಿರುವ ಕೊರೊನಾ ವೈರಸ್ ಪ್ರಕರಣಗಳ ಮಧ್ಯೆ ಭಾರತೀಯ ಬೋರ್ಸಸ್ ಇಂದಿಗೂ ಕುಸಿಯುತ್ತಲೇ ಇತ್ತು ಮತ್ತು ದುರ್ಬಲ ಟಿಪ್ಪಣಿಯಲ್ಲಿ ಕೊನೆಗೊಂಡಿತು. ಸೆನ್ಸೆಕ್ಸ್ ತನ್ನ ನಿನ್ನೆ ಸಾಧನೆಗಿಂತ 0.76 ಶೇಕಡಾವನ್ನು ಮುಚ್ಚಿ 242.37 ಪಾಯಿಂಟ್ ನಷ್ಟದೊಂದಿಗೆ 31,443.38 ಕ್ಕೆ ತಲುಪಿದೆ. ನಿಫ್ಟಿ ಶೇಕಡಾ 0.78 ಅಥವಾ 71.85 ಪಾಯಿಂಟ್ ಕುಸಿದು 9199.05 ಕ್ಕೆ ತಲುಪಿದೆ ಎಂದು ಏಂಜಲ್ ಬ್ರೋಕಿಂಗ್ ಲಿಮಿಟೆಡ್ ಸಂಸ್ಥೆಯ ಹೆಡ್ ಅಡ್ವೆಂಸರಿ ಆಮರ್ ದಿಯೋ ಸಿಂಗ್ ಹೇಳಿದರು.
ದೇಶದಲ್ಲಿ ಹೆಚ್ಚುತ್ತಿರುವ ಕೊರೊನಾ ವೈರಸ್ ಪ್ರಕರಣಗಳು ಹೂಡಿಕೆದಾರರ ಮನೋಭಾವವನ್ನು ಹೆಚ್ಚಿಸಲು ಪ್ರಾರಂಭಿಸಿವೆ. ಕಳೆದ 24 ಗಂಟೆಗಳಲ್ಲಿ ದೇಶದಲ್ಲಿ 3,561 ಹೊಸ ಹೊಸ ಪ್ರಕರಣಗಳು ಕಂಡುಬಂದಿದ್ದು, ಸರ್ಕಾರದ ಅಂಕಿಅಂಶಗಳ ಪ್ರಕಾರ ಒಟ್ಟು ರೋಗಿಗಳ ಸಂಖ್ಯೆ 52,952 ಕ್ಕೆ ಏರಿದೆ.
ನಿಫ್ಟಿ ಇಂದಿಗೂ ಕುಸಿಯುತ್ತಲೇ ಇದ್ದರೂ ಕುಸಿತವು ನಿಧಾನವಾಗಿದೆ. ಮಿಡ್ಕ್ಯಾಪ್ ಮತ್ತು ಸ್ಮಾಲ್ಕ್ಯಾಪ್ ಷೇರುಗಳು ಮಿಶ್ರ ಟಿಪ್ಪಣಿಯಲ್ಲಿ ಕೊನೆಗೊಂಡವು, ಅಲ್ಲಿ ನಿಫ್ಟಿ ಮಿಡ್ಕ್ಯಾಪ್ 100 ಸೂಚ್ಯಂಕವು 0.5 ಪ್ರತಿಶತದಷ್ಟು ಕುಸಿಯಿತು, ಮತ್ತು ನಿಫ್ಟಿ ಸ್ಮಾಲ್ಕ್ಯಾಪ್ ಸೂಚ್ಯಂಕವು 0.5 ಪ್ರತಿಶತದಷ್ಟು ಏರಿತು.
11 ವಲಯಗಳು ಕಡಿಮೆ ನೋಟಿನಲ್ಲಿ ಕೊನೆಗೊಳ್ಳುವುದರೊಂದಿಗೆ ನಿಫ್ಟಿ ಹಣಕಾಸು ಸೇವೆಗಳ ಸೂಚ್ಯಂಕವು ಶೇಕಡ 1.6 ರಷ್ಟು ಕುಸಿದಿದೆ. ನಿಫ್ಟಿ ಪಿಎಸ್ಯು ಬ್ಯಾಂಕ್ ಸೂಚ್ಯಂಕವು ಇತರ ವೈಯಕ್ತಿಕ ಷೇರುಗಳೊಂದಿಗೆ ಶೇಕಡಾ0.5 ರಷ್ಟು ಲಾಭ ಗಳಿಸಿದೆ. ಖಾಸಗಿ ವಲಯದ ಬ್ಯಾಂಕ್ ಮಾರ್ಚ್ ತ್ರೈಮಾಸಿಕದಲ್ಲಿ 2,628.61 ಕೋಟಿ ರೂ. ನಿವ್ವಳ ಲಾಭ ಗಳಿಸಿದ ನಂತರ ಕಳೆದ ವರ್ಷದ ಇದೇ ಅವಧಿಯಲ್ಲಿ 1,506.64 ಕೋಟಿ ರೂ.
ಆರ್ಥಿಕ ಮತ್ತು ಸಾಂಸ್ಥಿಕ ಗಳಿಕೆಗಳು ಮತ್ತಷ್ಟು ದುರ್ಬಲಗೊಳ್ಳುವ ಬಗ್ಗೆ ಹೂಡಿಕೆದಾರರು ಕಾಳಜಿ ವಹಿಸುತ್ತಿರುವುದರಿಂದ ಲಾಕ್ಡೌನ್ ವಿಸ್ತರಣೆಯ ಭಯವು ಅನಿಶ್ಚಿತತೆಯನ್ನು ಹೆಚ್ಚಿಸುತ್ತದೆ. ಜಾಗತಿಕ ಮಾರುಕಟ್ಟೆಯ ಬಗ್ಗೆ ಮಾತನಾಡುತ್ತಾ ಕಚ್ಚಾ ತೈಲ ಬೆಲೆಗಳು ಇಳಿಮುಖವಾಗುತ್ತಲೇ ಇದ್ದು, ಜಾಗತಿಕ ಆರ್ಥಿಕತೆಯು ಇನ್ನೂ ಚೇತರಿಕೆಯ ಹಾದಿಯಲ್ಲಿಲ್ಲ ಎಂದು ಸೂಚಿಸುತ್ತದೆ. ಭಾರತೀಯ ಮಾರುಕಟ್ಟೆಗಳು ಚಂಚಲವಾಗಿ ಮುಂದುವರಿಯುವ ನಿರೀಕ್ಷೆಯಿದೆ.
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