The star performers in the three months to June, among the early birds, were the software firms but makers of food products and consumer goods also executed efficiently to cash in on demand, much of which surfaced in June as consumers made pent up purchases. With migrant labour making its way back to work at factories, engineering majors like Larsen amp; Toubro (L amp;T) would be aiming for higher levels of execution in the coming quarters; at L amp;T the workforce has increased to within 20% of the company s peak requirements. Britannia, of course, managed to resume operations at most of its manufacturing facilities in the very first week of the lockdown.A stellar set of numbers from Infosys and a rich $7 billion deal haul at TCS is evidence the country s IT sector will bounce back quickly; the TCS management is confident it can match last December quarter s rupee revenues in the coming winter quarter. While staples businesses were not expected to fare too badly, Hindustan Unilever s volumes a fall of only 7% y o y were reassuring, with the management attributing it to faster increase in rural demand. MD amp; CEO Sanjiv Mehta has, of course, cautioned the near term outlook remains uncertain and that it is difficult to estimate market growth and demand. Demand for certain food products, however, could remain strong.Britannia, which turned in a strong performance in Q1FY21 as it was able to overcome logistical challenges to meet the surging demand, should continue to do well even after the unlocking.Companies have managed to rein in costs, wherever possible, to protect their margins. Despite slower volumes which fell 33% y o y, ACC s results beat expectations as the company was able to bring down costs; the costs per tonne fell 7% y o y as the lower freight, power and deferment of certain flexible costs more than offset higher fixed costs.Bajaj Auto reported better than expected gross margins even as revenues fell 60% y o y, thanks to an expected plunge in volumes. With user industries virtually shut, steelmakers bore the brunt of the inactivity.JSW Steel reported a loss in the quarter, the first since Q3FY16, on the back of a 25% fall in shipments and a 22% drop in realisations. Analysts are not sure if the company will be able to maintain sales volumes for 2020 21 at the previous year s levels, as the management has said it would.Clearly, the core sectors were badly hit, but market leaders shone through. L amp;T reported execution levels of around 50%, bagging enough orders to maintain its order backlog. Analysts observed the company has shared an order pipeline of Rs 6.3 lakh crore that can potentially help it win about Rs 0.9 lakh crore of additional orders at a historical 15% hit rate.
NEW DELHI: The worldwide release of big Hollywood flicks has now been pushed to August, a move the Indian audience would cheer, given there is no clarity here yet around reopening of theatres. Warner Bros has delayed Christopher Nolan s Tenet a second time. It will now be released on 12 August.Disney too has delayed the theatrical release of its action drama Mulan again and is now slated for 21 August launch. Warner has also delayed the re release of Nolan s sci fi blockbuster Inception, in honour of its 10th anniversary, from 10 July to 31 July.
The Corona virus lockdown has badly hit the film industries across the country. The theatres and multiplexes are shut, shootings have been stalled, releases of already finished films are pushed. However, many small time producers are being approached by the OTT platforms and so these producers have approached the censor board for certification.Accordingly the Central Board of Film Certification (CBFC) has come up with special initiative to issue certificate to the feature film. The censor boards of respective languages industries i.e, Mumbai, Hyderabad, Chennai and others have discussed the main issue of providing a censor certificate.
Bengaluru: Dhruvan Juneja has two clocks in his room, one set to Indian Standard Time (IST) and the other to Pacific Standard Time (PST). The latter ensures he does not miss his lectures.The first year undergraduate student at the University of Massachusetts, US, keeps up through the night at home in Bengaluru. Classes start at 11.30pm IST and end by 1am. This is followed by a quiz and then videos are posted. Submissions must be done between 2.30am and 6.30am IST," says Juneja.
Chelsea are facing a battle to keep hold of two of their star players, with Real Madrid and Atletico Madrid pushing to sign Eden Hazard and Marcos Alonso before the Spanish transfer window slams shut, reports claim.The Blues were forced to conclude their summer business before the English deadline, but clubs around Europe are still able to buy players until August 31.
With the transfer window having slammed shut, let's take a look at every Premier League club's record signing... five years ago.
The Aam Aadmi Party led Delhi government said the odd even vehicle rule will be implemented in the city without any exemptions if the pollution level touches the severe category, ANI reported. The odd even scheme helps cut traffic on the roads by prohibiting cars and bikes from plying based on the last digit of their registration numbers vehicles with odd digits ply on odd dates, and the others are allowed on even dates.The Delhi government said that construction in the city will be completely stopped if the air quality worsened. Trucks will be prohibited from entering Delhi, and burning of waste will also be banned. Industries that add to the pollution will be shut, it added.
A bomb scare in Aston has caused traffic chaos across Birmingham.Multiple roads have been shut, including the A38 Aston Expressway, which has been closed in both directions.
Around 87 schools with total enrollment of 4457 students in areas along LoC affected by shelling from across the border in district Rajouri will remain closed till further orders, Deputy Commissioner Dr Shahid Iqbal said.He said in 0 5 KM range from LoC in Nowshera, 51 schools have been closed which includes 2 Higher Secondary Schools and 5 High Schools with a total enrolment of 2829 students. Besides, 36 schools located in Dandesar, Doongi and Manjakote will also remain closed for next three days, he said adding these include 2 schools in Dandesar zone, 18 in Doongi and 16 in Manjakote zone.
Patel said the process of shutting the school started on April 29. The official mentioned that students had been unable to perform well in board exams for almost a decade and enrolment had dipped. The board results were not improving despite (the government) trying various options and the number of students was also going down every year. After the government resolution last August, around 150 students moved to Karansinhji High School, a state school nearby.The institution, earlier known as The Alfred High School, was built by the nawab of the erstwhile Junagadh state and opened in 1875. Gandhi attended the school from 1880 to 1887. The school was rechristened Mohandas Gandhi Vidyalaya in 1971. It used to charged a fee of Rs 5 from boys and allow free admission to girls. In 2013 14, no student could clear Class X examination. This prompted the state to transfer all the teachers and bring in staff from other schools. But the results were still poor. Patel said: Recently, we wrote to parents informing them about the decision of transferring students to alternative schools. We have started getting replies and most parents have agreed to get their wards admitted to Karansinhji High School.
FIRE BRIGADE: As the monsoon season is approaching, the Fire Brigade has geared up for speedy responses in cases of water logging, tree collapse and large scale water accumulation in areas of low elevations. Pune Fire Brigade chief Prashant Ranpise said, We have kept our equipment like chain cutters for trees, tree mover cranes, boats and water pumps ready. They have been kept at the central fire stations and also at the fire stations where we know they may be required. We have identified as many as 20 locations which are prone to water logging and the respective fire brigade stations have been given instructions accordingly. We also have a plan in place that has elaborate steps to be followed in case of very heavy rains. TRAFFIC POLICE: THE TRAFFIC control branch of the Pune city police too have geared up for tackling traffic snarls, jams and for emergency traffic diversions in case of water logging or tree collapse. Kranti Pawar, Inspector (Planning) with the Traffic Control Branch of Pune city police, said, There are certain junctions, which may face slow moving traffic and bridges like the Bhide bridge, which may have to be shut, in case of water swelling. Our first priority is to keep the traffic moving and avoid any jams. We have to divert the traffic on alternate routes and these decisions are taken by respective traffic divisions based on early inputs from the agencies like the PMC or based on observations of our own deployed traffic police officers.