Stock Markets Tread Sideways As Rs. 1.7 Trillion Economic Package Lacks Big-Bang Announcements

Both Nifty and Sensex lacked momentum today even as their Asian counterparts ended their week’s trading activity a notch above. In India, the respective stock markets, on the other hand, indicated a sideway trend. Nifty 50 paired a gain for 4th consecutive day and was up 0.22% during the closing bell. Sensex, on the other hand, was down 0.44% today.

Banks drive value following RBI’s MonetaryPolicy

The reliefs offered in RBI’s Monetary Policy, including 3-month Moratorium period, gave the market a good support as the market sentiment appeared to be bearish. Nifty bank inched closer to the 20,000 level today by closing at 19,969 points. In it, Bandhan Bank was the day’s top performer with an advance of 15.75%. Federal Bank grew by 6.34%, Axis Bank by 5.37%, and IDFC First Bank by 2.99% today. IndusInd Bank corrected by 5.69% after surging around 46% yesterday. RBL and Bank of Baroda also took a beating of around 3%.

Top Performers:

BSE’s benchmark index Sensex saw 13 advances and 17 declines. Axis Bank, ITC, NTPC, and Mahindra & Mahindra were amongst the top performers. Axis Bank saw a rally of 4.98%, ITC of 3.63%, and NTPC of 3.17% at BSE. Power segment also retained the investor confidence as NTPC surged by 3.17% and PowerGrid was up 0.88%. On the other hand, at NSE, Coal India also grew by 6.86% today.

Top Losers:

Massive selloff was seen in the automobile sector today. BSE saw Hero MotoCorp falling by 8.04% while Maruti Suzuki and Bajaj Auto also reeled under the pressure. IT stocks such as HCL Tech and Tech Mahindra also fell by 4.37% and 2.36% respectively. At Nifty, Bajaj Finance fell by 9% today. Hero MotoCorp also closed 7.81% lower and Bajaj Finserv by 4.99%.

Pull back seems to be fading out

The market continues to remain jittery on the back of the coronavirus issue and it will take time, before the efforts by central banks take effect. Further, higher levels could witness selling pressure. The best approach at the moment would be to stick with consumer staples and pharmaceutical stocks.

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India Yamaha Motor (IYM), as a responsible company has always believed in prioritizing its customers and protecting their rights.

March 29th, 2020
Yamaha Motor India group of companies
Chennai

India Yamaha Motor (IYM), as a responsible company has always believed in prioritizing its customers and protecting their rights. Under the current circumstances, They feel that few of their customers may struggle to get their vehicles serviced on time or avail warranty benefits which may expire during country’s lock down situation.

Hence, as a part of our Yamaha Lifetime Quality Care approach, They would like to extend the benefits which were committed by them to their customers for an additional 60 days (i.e. till June-2020) from date of expiry as gratitude towards long lasting relationship with customers.

The following services will be extended:

• Free service: Services expiring between 15-March-2020 to 15-April-2020, will be extended till June-2020

• Normal warranty: Normal warranty expiring between 15-March-2020 to 15-April-2020 will be extended till June-20

• Extended warranty: Expiring between 15-March-20 to 15-April-2020 will be extended till June-20

• Annual maintenance contracts: Expiring between 15-March-2020 to 15-April-2020 will be extended till June-20

They have also informed their dealerships to ensure that these benefits are passed on to their customers smoothly.

They wish all their customers a healthy stay at home!!

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COVID -19 ಅನ್ನು ತಡೆಗಟ್ಟುವ ಬಗ್ಗೆ ಜಪಾನಿನ ವೈದ್ಯರ ಅತ್ಯುತ್ತಮ ಸಲಹೆ – ನಾವು ಪ್ರತಿದಿನ ಬೆಳಿಗ್ಗೆ ಮಾಡಬಹುದಾದ ಸರಳ ಸ್ವಯಂ-ಮೇಲ್ವಿಚಾರಣಾ ವಿಧಾನ

COVID -19 ಅನ್ನು ತಡೆಗಟ್ಟುವ ಬಗ್ಗೆ ಜಪಾನಿನ ವೈದ್ಯರ ಅತ್ಯುತ್ತಮ ಸಲಹೆ, ಹೊಸ ಕರೋನವೈರಸ್ ಹಲವಾರು ದಿನಗಳವರೆಗೆ (14-27 ದಿನಗಳು) ರೋಗಲಕ್ಷಣಗಳನ್ನು ತೋರಿಸದಿರಬಹುದು.  ಒಬ್ಬ ವ್ಯಕ್ತಿಯು ಸೋಂಕಿಗೆ ಒಳಗಾಗಿದ್ದಾನೆ ಎಂದು ಹೇಗೆ ತಿಳಿಯುವುದು?  ಅವನಿಗೆ ಜ್ವರ ಮತ್ತು / ಅಥವಾ ಕೆಮ್ಮು ಮತ್ತು ಶ್ವಾಸಕೋಶದ ಆಸ್ಪತ್ರೆಗೆ ಹೋಗುವ ಹೊತ್ತಿಗೆ, ರೋಗಿಯು 50% ಫೈಬ್ರೋಸಿಸ್ ಹೊಂದಿರಬಹುದು, ಮತ್ತು ನಂತರ ಅದು ತಡವಾಗಿರುತ್ತದೆ! 

ನಾವು ಪ್ರತಿದಿನ ಬೆಳಿಗ್ಗೆ ಮಾಡಬಹುದಾದ ಸರಳ ಸ್ವಯಂ-ಮೇಲ್ವಿಚಾರಣಾ ವಿಧಾನ: air ತಾಜಾ ಗಾಳಿಯ ವಾತಾವರಣದಲ್ಲಿ ಆಳವಾದ ಉಸಿರನ್ನು ತೆಗೆದುಕೊಳ್ಳಿ ಮತ್ತು ನಿಮ್ಮ ಉಸಿರಾಟವನ್ನು 10 ಸೆಕೆಂಡುಗಳಿಗಿಂತ ಹೆಚ್ಚು ಕಾಲ ಹಿಡಿದುಕೊಳ್ಳಿ.  ಕೆಮ್ಮು ಮತ್ತು ತೊಂದರೆ ಇಲ್ಲದೆ, ಆತಂಕ ಅಥವಾ ಎದೆಯ ಬಿಗಿತವಿಲ್ಲದೆ ನೀವು ಇದನ್ನು ಯಶಸ್ವಿಯಾಗಿ ಮಾಡಲು ಸಾಧ್ಯವಾದರೆ, ನಿಮಗೆ ಫೈಬ್ರೋಸಿಸ್ ಇಲ್ಲ ಮತ್ತು ಸಾಮಾನ್ಯವಾಗಿ ಯಾವುದೇ ಸೋಂಕು ಇಲ್ಲ ಎಂದು ಸೂಚಿಸುತ್ತದೆ. 

ಸರಳ ಮುನ್ನೆಚ್ಚರಿಕೆ:

• ಪ್ರತಿಯೊಬ್ಬರೂ ಬಾಯಿ ಮತ್ತು ಗಂಟಲು ಯಾವಾಗಲೂ ತೇವವಾಗಿರುವುದನ್ನು ಖಚಿತಪಡಿಸಿಕೊಳ್ಳಬೇಕು.  ಪ್ರತಿ 15 ನಿಮಿಷಕ್ಕೆ ಸ್ವಲ್ಪ ನೀರು ಕುಡಿಯಿರಿ.  ಯಾಕಿಲ್ಲ?  ವೈರಸ್ ನಿಮ್ಮ ಬಾಯಿಗೆ ಸಿಲುಕಿದರೂ, ನೀರು ಅಥವಾ ಇತರ ದ್ರವಗಳನ್ನು ಕುಡಿಯುವುದರಿಂದ ಅನ್ನನಾಳವನ್ನು ಹೊಟ್ಟೆಗೆ ತೊಳೆಯಲು ಸಹಾಯ ಮಾಡುತ್ತದೆ.  ವೈರಸ್ ಹೊಟ್ಟೆಯಲ್ಲಿರುವಾಗ ನಿಮ್ಮ ಹೊಟ್ಟೆಯಲ್ಲಿರುವ ಹೈಡ್ರೋಕ್ಲೋರಿಕ್ ಆಮ್ಲವು ರೋಗಾಣುಗಳನ್ನು ಕೊಲ್ಲುತ್ತದೆ.  ನೀವು ನಿಯಮಿತವಾಗಿ ಸಾಕಷ್ಟು ನೀರನ್ನು ಕುಡಿಯದಿದ್ದರೆ, ವೈರಸ್ ವಾಯುಮಾರ್ಗಗಳಿಗೆ ಮತ್ತು ನಿಮ್ಮ ಶ್ವಾಸಕೋಶಕ್ಕೆ ಪ್ರವೇಶಿಸಬಹುದು, ಇದು ತುಂಬಾ ಅಪಾಯಕಾರಿ. 

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India needs to adopt uniform code to Provide Essentials to Citizens While Social Distancing

March 26, 2020: Local administrations in various states and the private sector have come together to respond quickly and effectively to the 21-day nationwide lockdown to prevent spread of Covid-19 in India. The steps are aimed at ensuring access of essential supplies – from groceries to baby formula to sanitary products – a national lifeline has been created across the length and breadth of India.

Central to these efforts are small and medium sellers across the country who are stocking up on critical needs that e-commerce companies deliver to citizens wherever they are. The priorities continue to be household staples and medical supplies, which thousands of small sellers are gearing up to quickly receive, restock and ship.

E-commerce companies are working with delivery associates to put in place precautionary measures as per WHO guidelines, including:

·         No stand-up meetings during shifts are being allowed

·         All business essential information is to be shared via boards near main areas and through conversations with managers

·         Temporary cell phones have been made available to those who need to be in contact with their families

·         Maintaining levels of safety whereby all their associates are required to stay home and seek medical attention if they are feeling unwell

A critical role is played by delivery associates who brave multiple challenges to ensure that deliveries take place in a safe and timely manner. These associates are frontline workers who set out every day to ensure that essentials reach their intended destination in an environment of lockdown.

The administration, on its part, has eased movement by exempting e-commerce from the lockdown. While some authorities such as the Pune Police have innovated by issuing passes connected to Fastag for seamless movement and issuing e-passes, others, such as Delhi, have gone a step further in reducing friction by eliminating the need for curfew passes for delivery associates, authorizing their company ID cards instead. These measures result in faster and more reliable delivery of essentials to citizens.

Kazim Rizvi, founder-director, The Dialogue, said, “In a time of crisis, India has demonstrated remarkable unity of purpose among sellers, e-commerce firms, delivery associates, as well as national and local administrative machinery. We’ve seen around the world that Covid-19 cases are better contained in countries where citizens stay at home, as our Prime Minister has advised. Even as they work together with the common goal of providing citizens with what they need while they take life-saving social distancing measures, it is imperative that there is no operational disruption to the provision of essentials at any point in the supply chain and that all entities cooperate with one another at the ground level.”

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ITC sets up Rs 150 crores COVID Contingency Fundfor vulnerable sections of society

We are in the midst of an unprecedented situation as the world and India grapples with the threat of COVID 19. As corporate citizens, we in industry must lend our meaningful support to contain this pandemic. Such challenging circumstances indeed call for extraordinary measures. In line with ITC’s credo of ‘Nation First – Sab Saath Badhein’, that focusses on inclusive and sustainable progress, particularly of vulnerable sections many of whom reside in rural India, ITC has geared its value-chain to lend support to the Government in its efforts to fight this threat to the people of India.

Over the past few weeks several initiatives have been implemented in response to the crisis. We are now happy to announce that ITC is setting up a Contingency Fund of Rs 150 crore to address and manage the challenges arising out of this adversity. This fund will be utilised primarily to provide relief to the vulnerable and most needy sections of society who have been harshly impacted by the pandemic and have faced significant disruption in their livelihoods. In addition, the fund will collaborate with District Authorities to provide assistance to the district healthand rural healthcare eco-system that reaches out to the weakest sections of society. Further, it is also envisaged that the resources under this fund will be channelised towards the protection and well-being of the ground forces who are doing commendable work to reach medicines, groceries, other essential goods, sourcing of agri-commodities and so on for people across the country during the lockdown, by providing protective personal gear and hygiene productsto such frontline warriors.

In these trying times, it is critical to ensure adequate availability of essential food and hygiene products in the country. We are working with state authorities and local administration to ensure that manufacturing and distribution activities continue uninterrupted with bare minimum people. While we practice restraint and social isolation as a group, we will continue to ensure the safety and well-being of our employees, workforce and value chain partners. ITC is committed to support the Government’s efforts and play its part in fighting this pandemic with compassion and resilience.

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