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Amara Raja Batteries Ltd on Friday reported a 56 per cent decline in consolidated profit after tax at Rs 62.49 crore in the first quarter ended June 30 impacted adversely by the coronavirus pandemic. The company had posted a consolidated profit after tax of Rs 140.73 crore in the same period last fiscal, Amara Raja Batteries Ltd said in a regulatory filing. Consolidated revenue from operations during the quarter under review stood at Rs 1,151.22 crore as compared to Rs 1,814.95 crore in the year-ago period. The performance of the company during the quarter comes against the backdrop of severe disruptions in manufacturing, supply chain, and sales and distribution operations due to COVID-19 lockdown, Amara Raja Batteries said, adding despite challenges it has performed well to manage demand and supply, by implementing completely new standard operating procedures across operational branches and units. In the automotive segment, OEM (original equipment manufacturer) demand was subdued due … [Read more...] about Amara Raja Batteries Q1 net profit falls 56% to Rs 62.49 cr

DU has submitted that the Task Force and the Working Group on Examinations, which were set up by DU, consisted of highly qualified academicians who have applied their minds, and after taking into consideration students’ comments, took a decision that online OBE is the best method for evaluating students owing to COVID-19 pandemic. … [Read more...] about Delhi HC asks DU to submit report after holding open book examination

China vowed that it would further promote EVs and the construction of charging piles to accelerate consumption demand and facilitate industrial upgrading, according to the Government Work Report submitted to the national legislature for deliberation in late May. … [Read more...] about EV sales to increase after marginal slump this year

Robert Lighthizer told lawmakers on Wednesday.Lighthizer said the United States planned to initiate consultations with Mexico about its failure to approve any biotech products from the United States over the past two years, and would likely have to file a state-to-state dispute on the issue to resolve the issue.He said the United States would also closely monitor Canada’s implementation of the agreement’s provisions on U.S. dairy sales, and would also bring a case against Canada if U.S. farmers were not getting the full benefit of the trade deal.Also Read: Mexican auto sector speeds to meet new trade rules as output falls … [Read more...] about U.S. will act ‘early and often’ if problems arise under USMCA: Lighthizer