<keyword id="164894" type="COMPANY" weightage="100" keywordseo="Volvo-Group">Volvo Group</keyword>, the multinational auto manufacturer from Sweden, has started sourcing engines for industrial applications from <keyword id="163796" type="COMPANY" weightage="100" keywordseo="VE-Commercial-Vehicles">VE Commercial Vehicles</keyword>, the equal joint venture that it has with <keyword id="80296" type="CITY" weightage="100" keywordseo="Eicher-Motors">Eicher Motors</keyword> of India. The group might also shift sourcing of engines for non-automotive products to India in the long run. As of now, the company manufactures the 5-8 litre, medium-duty Euro VI engines exlusively in India, to be used in automotive applications for <keyword id="6359474" type="COMPANY" weightage="100" keywordseo="Volvo">Volvo</keyword>'s European business. The 5- and 8-liter engines are certified for Bharat Stage III emissions standards and can be used for several applications like construction equipment, agricultural and forestry machinery, crushers and screeners, pumps and cranes. However, as per two people in the know, the company is planning to make India the main base for manufacturing engines for all its industrial applications. <keyword id="1530015" type="UNKNOWN" weightage="100" keywordseo="VE-Powertrain">VE Powertrain</keyword>, one of the five business verticals of VE Commercial Vehicles, is already exporting 2,000 engines per month to Volvo AB for automotive applications. Other than engines, Volvo AB might also begin overseas sales of light duty <keyword id="1550420" type="ORGANIZATION" weightage="100" keywordseo="UD-Trucks">UD Trucks</keyword> from later this year, which would be built in its Pithampur plant in Madhya Pradesh. The trucks that would be sold in the Indonesian market are under trial and shipments will begin later this year.

Volvo starts sourcing industrial engines from Indian joint venture

<keyword id="86015" type="CITY" weightage="100" keywordseo="Daimler">Daimler</keyword> AG, the German multinational automotive corporation and <keyword id="6359474" type="COMPANY" weightage="100" keywordseo="Volvo">Volvo</keyword> AB, the Swedish multinational manufacturing, will most probably feature among the biggest success stories of the Make-in-India campaign of the Indian government. Both established names in the global heavy-duty transport industry are eyeing India as the export hub for their large trucks and luxury buses. <keyword id="25952" type="CITY" weightage="100" keywordseo="Mercedes-Benz">Mercedes-Benz</keyword>, <a href="http://www.businessinsider.in/finance/carlos-ghosn-saved-nissan-heres-his-plan-to-do-it-again-at-mitsubishi/articleshow/58438154.cms">Mitsubishi</a> Fuso, <keyword id="3504038" type="UNKNOWN" weightage="100" keywordseo="Freightliner">Freightliner</keyword> and <keyword id="1550420" type="ORGANIZATION" weightage="100" keywordseo="UD-Trucks">UD Trucks</keyword> are all being manufactured for buyers located across the globe, thus helping India step out of its comfort zone of exporting compact cars and two-wheelers to emerging economies. <a href="http://www.businessinsider.in/transportation/daimler-has-figured-out-that-taking-on-tesla-is-about-more-than-just-cars/articleshow/57433490.cms">Daimler</a> has its Indian subsidiary called Daimler India Commercial Vehicles (DICV) and exports Mercedes-Benz-badged trucks and buses from its suburban Chennai (Oragadam) facility. These orders are primarily placed by Southeast Asian markets. On the other hand, it exports the India-made <keyword id="522332" type="ORGANIZATION" weightage="100" keywordseo="Mitsubishi-Fuso">Mitsubishi Fuso</keyword> range of trucks to 28 countries. Also read: <a href="http://www.businessinsider.in/transportation/mercedes-most-affordable-cars-are-about-to-get-a-stylish-new-update/articleshow/58250599.cms">Mercedes' most affordable cars are about to get a stylish new update</a> Later this year, it will also begin exporting the Freightliner-branded giant trucks to Mexico, people in the know told <a href="http://economictimes.indiatimes.com/industry/auto/news/commercial-vehicle/daimler-volvo-making-india-export-hub-for-its-heavy-vehicles/articleshow/58450799.cms">ET</a>. "DICV has been awarded significant responsibilities within Daimlers' global truck and bus businesses. With the launch of a third product line for exports in 2017 at DICV, we will enter the next stage in the strategic collaboration of DICV and Mitsubishi Fuso Trucks &amp; Buses Corporation, under <a href="http://www.businessinsider.in/tech/robot-delivery-company-starship-technologies-raised-17-2-million-in-a-round-led-by-daimler/articleshow/56504574.cms">Daimler</a> Trucks Asia," said Erich Nesselhauf, MD of DICV. Also read: <a href="http://www.businessinsider.in/made-in-india-mercedes-benz-e-class-launched-at-rs-56-15-lakh/articleshow/57389919.cms">‘Made-in-India’ Mercedes-Benz E-Class launched at Rs 56.15 lakh</a> <a href="http://www.businessinsider.in/tech/volvo-will-launch-its-first-all-electric-car-in-2019-to-take-on-tesla-heres-everything-we-know/articleshow/58270671.cms">Volvo AB</a> will also begin overseas sales of the light-duty UD Trucks later this year, locally made at its Indian joint-venture plant at Pithampur in Madhya Pradesh. These trucks and buses that have been made in India have been praised by international buyers. Apart from these foreign players, India’s own truck makers <a href="http://www.businessinsider.in/transportation/cars/tata-motors-compact-sedan-tigor-launched-for-rs-4-7-lakh/articleshow/57893428.cms">Tata Motors</a> and <a href="http://www.businessinsider.in/markets/Shares-of-Ashok-Leyland-fell-for-the-3rd-day-Know-why/articleshow/48757510.cms">Ashok Leyland</a> are also in the process of building modern truck ranges so that they can gain a competitive presence in the export markets. (Image source Team BHP)

Daimler and Volvo are making India their export hub

Thiruvananthapuram, May 5 () After two consecutivedays of zero cases, three people tested positive for COVID-19in Kerala on Tuesday while 37 people are undergoing treatmentin various hospitals for the infection, Chief MinisterPinarayi Vijayan said. A truck driver, who had gone to Chennai'sKoyambedumarket, a hotspot, and later tested positive for thevirus, had infected his mother, wife and the cleaner's son,Vijayan told reporters here, adding that all the three caseswere from Wayanad district. Meanwhile, the governmenthas decided to appoint 980doctors for three months. "Those who have completed house surgency will begiven appointment for 90 days to strengthen our health sectoras we have to receive the expatriates who would return to thestate. Along with that the monsoon is also fastapproaching," Vijayan said. He said 502 people have been infected with thevirus and presently 37 are undergoing treatment in varioushospitals. Over 21,000 people are under surveillance,including 308 in various hospitals. Another relief was that there were no new hotspotsin the state and no positive cases reported in four districts,he said. "As of now, Kannur has the highest number ofpatients, 18, followed by Kottayam with six and Wayanad withfour patients. Kollam and Kasaragod have got three patients each,"Vijayan said. When asked about certain confusion prevailing onthe inter-state travel of stranded people, Vijayan said thetravellers would require pass from the state from which thejourney begins and the destination state. "But it seems like some states which are en routeare also seeking their pass during transit.We will bring thisto the attention of the Centre," he said. Meanwhile, the Kerala Police Tuesday registered3,397 cases and recorded arrests of 3,519 people for violatinglockdown protocol and travelling. RRT UD BNWELCOME BNWELCOME

Three new COVID-19 cases in Kerala

<ul><li>Analysts expect the growth momentum in the IT services sector to continue on account of large deal wins and demand for digital transformation. </li><li>Infosys, TCS, Tech Mahindra and HCL Tech are expected to report a revenue growth anywhere between 3.5% to 5.5% for the period of April-June 2021.</li><li>However, Wipro’s topline is likely to stand out among the top-tier software exporters from India, thanks to the Capco acquisition</li></ul>India’s top software exporters like TCS, Infosys and HCL Technologies are likely to see their dream run continue in the first quarter of the financial year 2022. However, Wipro, one of the top five players in the sector may have had it better than the rest. <table style="border-width: initial; border-style: none;"><colgroup></colgroup><col /><col /><col /><tbody><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Company </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Growth estimate* </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Share price change since Feb end 2021 to June 2021 </td></tr><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Infosys </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">5.3% </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">26% </td></tr><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">TCS </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">4% </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">16% </td></tr><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Wipro </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">9.5% </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">33% </td></tr><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">HCL Tech </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">3.60% </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">8% </td></tr><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Tech Mahindra </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">3.50% </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">19% </td></tr></tbody></table>*Source: Axis securities A big reason for Wipro’s outperformance may be the $1.45 billion acquisition of Capco, the largest ever buyout by the Bengaluru-based company. The shares of Wipro have led the IT pack ever since the new chief executive officer (CEO) Thierry Delaporte took charge in June last year. The company made about $2 billion last year from IT services and if Capco delivers the same amount of revenue as it did last year, it could add another $700 million to Wipro’s topline. That’s a 35% bump up a year straight away. Expectations are built up in the stock that has gained about 30% since the Capco deal was announced in early March, and closed in April. <div type="image" title="Wirpo stock price chart" height="900" width="1200" msid="84201479" hostid="261"></div> There is also a lot of apprehension. “The execution risk is further aggravated by a weak growth performance from Capco over the last two years – even after adjusting for the drag due to COVID-19,” said Motilal Oswal in its report dated March 4. “We’re guiding revenue growth of 2% to 4% in the first quarter, outside of Capco and Ampion,” Delaporte had said during the earnings call in April. Wipro has acquired Ampion, an Australia-based provider of cyber security, devops and quality engineering services. The move will strengthen its commitment towards clients and stakeholders in Australia and New Zealand (ANZ). The acquisition will close in the quarter ending June 30, 2021. It’s boom time for all tech companies For the rest of the top five IT services majors, the growth is likely to continue on the same trend seen since the pandemic broke out. “IT spending from North America and Europe has gained momentum and demand for digital transformation has increased exponentially,” Axis Securities said in a report dated July 6. <table style="border-width: initial; border-style: none;"><colgroup></colgroup><col /><col /><tbody><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Company </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">New deals from April to June 2021 </td></tr><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">TCS </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Proximus, Ericsson, Virgin Atlantic, Alcatel-Lucent, Commercial Bank of Kuwait </td></tr><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Infosys </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">ArcelorMittal Europe, Britvic, Archrock </td></tr><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">HCLT </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">UD Trucks Corporation, Hitachi ABB Power Grids, McLaren Health Care </td></tr><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Wipro </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Bristol Water, Transcell Oncologics, Levi Strauss &amp; Co </td></tr><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Tech Mahindra </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Pret A Manger </td></tr></tbody></table> However, wage hike and rising attrition since the start of the year may dent operating margins of IT companies. Several IT companies have given second salary hikes to eligible employees in a calendar year 2020 as initially promotions had been deferred on account of the pandemic and business downturn. In the last one year, Nifty IT (the index of tech stocks) showed gains of 81% as compared to the benchmark Nifty50’s 46%. These are the estimates for topline growth for the sector. <table style="border-width: initial; border-style: none;"><colgroup></colgroup><col /><col /><tbody><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Broking firm </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Apr-June average growth estimate for tier-I IT companies </td></tr><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Prabhudas Lilladher </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">4.10% </td></tr><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Institutional Research </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">4% </td></tr><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Maybank Kim Eng </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">5.30% </td></tr><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">BOB Capital Markets </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">4.20% </td></tr><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Axis Securities </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">3%-7% </td></tr></tbody></table>Growth estimates are in comparison to the earnings for the quarter ended June 2020. SEE ALSO: <a href="https://www.businessinsider.in/stock-market/news/clean-science-and-technology-ipo-maximum-broking-house-recommending-this-ipo/articleshow/84193873.cms">Clean Science and Technology, an Indian supplier to Bayer, has opened its IPO ⁠— and ‘subscribe’ is the unanimous call from analysts | Business Insider India</a> <a href="https://www.businessinsider.in/stock-market/news/gr-infraprojects-ipo-good-ipo-bet-for-long-term-as-per-analysts/articleshow/84193656.cms">GR Infraprojects IPO is for long term investors, say analysts | Business Insider India</a>

TCS, Infosys and HCL Tech will show a good quarter but Wipro’s earnings will outshine them all ⁠— here’s why

Thiruvananthapuram, May 13 () In a sharp spike,ten people, four of them who had flown infrom abroadrecently, have tested positive for COVID-19 in Kerala onWednesday as the numbers of those under treatment for theinfection climbed to 41. Of this, three are from Malappuram, two eachfrom Wayanad and Palakkad districts and one each fromKottayam, Kannur and Kozhikode districts. While four of the infected had come from abroad,two from Chennai and four had been infected through contact, agovernment press release said. Two police personnel of the Manathavadypolicestation in Wayanad have tested positveand are contacts ofthe truck driver who had returned from Koyambedu market inChennai and infected 10 people. Wayanad district collector Adila Abdulla saidsamples of all those who had come in contact with the truckdriver would once again be tested. The driver's wife and daughter and grand child wereamong those who were infected.His daughter's samples hadearlier been negative. The sample of a man from Kollam has returned negativeon Wednesday. According tothe release, 490 people have been curedin the state and 41 are presently under treatment in varioushospitals. At least 34,447 people are under observation,494 in various hospitals,it said. It said 39,380 samples (including Augmentedsamples) were sent for testing of which results of 35,509samples received are negative. Besides this, as part of 'sentinel surveillance',(health and migrant workers and those having high socialcontact) 4,268 samples were collected of which 4,065 werenegative. There are no new hotspots in the state onWednesday. The state has so far reported three COVID-19fatalities, including a four-month old baby girl. Kerala has been wintessing a steady increase inthe coronavirus cases with non-resident Keralites, strandedabroad and other states, returning to the state. Chief Minister Pinarayi Vijayan has saidelaborate arrangements for testing those coming to the stateby road, rail, flights and ships would be made. "We are entering a new phase of COVID-19prevention as 'Pravasi' (expatriates) Malayalaees arereturning.It will be a big challenge to keep those coming fromhotspots safe," Vijayan said on Tuesday.For several days in recent weeks, the state hadreported either nil or fresh cases in single digits. UD BN WELCOME WELCOME

Spike in COVID-19 cases in Kerala;10 test positive

Thiruvananthapuram, May 11 (): Fresh COVID-19 casescontinued to rise in Kerala with seven people, including areturnee from Kuwait, who had arrived in the state on May 9,testing positive for the coronavirus on Monday, taking thetotal number of infected people to 27.One region in Wayanad district has been categorised as ahot spot.A day after Kasaragod district was declared COVID-19-freeby the health department, four people who had come fromMaharashtra were found infected with the deadlyvirus,stateHealth minister K K Shailaja said.A 11-month old infantfrom Wayanad, the grandchild of atruck driver who had tested positive after returning from theKoyambedu market, a hot spot in Chennai, also tested positivefor the virus.The man's wife, mother and the truck cleaner's son werealso infectedthrough contact earlier.With the Kuwait returnee testing positive, so far sixpeople repatriated to the state in flights from the Gulf aspart of the centre's 'Vande Mataram' mission, have testedpositive for COVID-19.This person has been admitted to the Manjeri MedicalCollege Hospital.A man from Palakkad, who had come from Chennai, alsotested positive for the virus, a government release said. Meanwhile, there were no negative results in Kerala onMonday and till now, 489 people have recovered."As of now, 1,307 people have reached the state fromabroad in the repatriation flights from the gulf sectoroperated by the Centre.Out of this, 650 are under home quarantine and 641 are incovid care centres. Sixteen are in isolation wards. 229pregnant ladies have reached the state from abroad," Shailajasaid.At least 27,986 people are under observation in Keralaand 441 are in isolation wards."The state administration has included Nenmeni area ofWayanad district in the list of hot spots of the state takingthe total number to 34.As of now, Wayanad has eight cases, the highest number inthe state, followed by Kasaragod with four.Kannur, Ernakulam and Kollam districtshave three caseseach, while Thrissur, Malappuram have two each and Palakkadand Kozhikode, one each.With fresh cases on the rise, there is growing concern asmore people are expected from the gulf and other states in thecoming days.Days after the state had declared that it had flattenedthe curve, seven cases were reported on May 10 and an equalnumber on Monday.Meanwhile, the state police has decided to monitor allthose who had returned to Kerala from other states to ensurethat they remain in home quarantine.The state borders on Monday continued to witness heavyrush of keralites stuck in other states due to the lockdown,even as the state government had directed that only those withe-passes would be allowed to enter the state.State Police chief Loknath Behera has written to allstate DGPs and police commissioners to ensure thatthoseapplying for passes to Kerala have state's COVID-19 e Jagratapass.A police press release also said those who have returnedfrom other countries and states and are under home quarantinewould be under the surveillance of 'Janamaitri' police whowill ensure that they do not move around meeting friends andrelatives during the quarantine period.Over four lakh people from various countries, mainly fromthe Gulf, had registered in the NORKA portal to return toKerala while least one lakh people from other states have alsoregistered with the state government website.The state border checkposts, especially Walayar inPalakkad, bordering Tamil Nadu, has been witnessing a heavyrush of Keralites wanting to return.The Kerala High Court had on Sunday directed the stategovernment to take "urgent immediate steps" to facilitate theentry of those stranded at Walayar as several people,including small children, were stranded as they did not havethe required pass to enter the state. RRT UD APRRAVINDRANATH APRRAVINDRANATH

7, including 11 month infant&Kuwait returnee test positive in Kerala

(Eds: combines related stories ) New Delhi, Jun 19 () India on Friday registered a record one-day jump of 13,856 COVID-19 cases in a grim trend that has continued for most of this month as Chennai was back into lockdown after a sharp rise in the infections. In some positive news, the number of recoveries crossed the two lakh mark and now stands at 2,04,710, while there are 1,63,248 total COVID-19 active cases, according to the Union Health ministry data. This showed that around 53.79 per cent of the patients have recovered so far. The jump of 13,586 COVID-19 cases pushed the countrywide tally to 3,80,532, while the death toll stood at 12,573 with 336 new fatalities, the data showed. A total of 1,89,997 cases--around half of the overall tally--was reported this month alone largely due to the rise in the infections in the worst affected states of Maharashtra, Tamil Nadu, Delhi, Gujarat and Uttar Pradesh. UP, Kerala and Andhra Pradesh were among the states which registered a record daily spike on Friday. Kerala recorded a rise in cases by over 100 for the second time so far. The first coronavirus case in the country was reported in this state on January 30. As states focused on rigorous testing, the Indian Council of Medical Research(ICMR) said 1,76,959 samples were tested on Thursday, the highest for a day so far to take the cumulative total to 64,26,627 samples. The Centre also asked states to replicate the best practices implemented by Karnataka, which includes comprehensive contact tracing of COVID-19 cases and physical or phone-based household survey, for better management. India's Drug Regulator, meanwhile, has approved anti-viral drug favipiravir for "restricted emergency use" in mild to moderate cases of COVID-19 in view of the crisis posed by the pandemic, official sources said. Considering the emergency and unmet medical need in COVID-19, the Central Drugs Standard Control Organisation (CDSCO) under the fast-tracked approval process granted domestic firm Glenmark Pharmaceuticals the permission to manufacture and market favipiravir (200 mg) tablet. "The drug has been approved for restricted emergency use in the country for the treatment of mild to moderate cases of COVID-19," a source in the know of developments told . Chennai wore a deserted look as the 12-day lockdown without previous relaxations came into force in the Tamil Nadu capital and in a string of other localities in nearby three districts-Chengalpet, Kancheepuram and Tiruvallur with police deploying drones and intensifying patrols to check violations. Tamil Nadu reported 2,115 new COVID-19 cases taking the tally to 54,449. Chennai accounted for 70 per cent of these cases. While arterial roads to neighbouhood streets were deserted, police placed barricades in key intersections and blocked free access to several main thoroughfares in the city and suburbs. Shops selling essentials including vegetables functioned from morning till 2 pm and private vehicles and autos, taxis were off the roads. Only some cargo trucks and vehicles related to essential services were seen plying on roads and other key highways in Chennai's southern and northern periphery. Under the lockdown, only essential services are allowed unlike the relaxations available previously. City Police Commissioner A K Viswanathan asserted that curbs will be strictly enforced. Cooperation from people was good, he said, and appealed to them to continue that for the success of the complete lockdown to help prevent spread of COVID-19. With 809 COVID-19 cases, Uttar Pradesh was among the states which recorded the highest single-day spike to take the tally to 16,594, officials said. Andhra Pradesh also witnessed a similar trend with a record daily jump of record 465 cases to reach a total of 7,961. In Kerala, the COVID-19 inched towards the 3,000 mark with 118 new cases being reported in the highest single day spike. With the addition of the fresh cases, 2,912 people have been infected, Health minister K K Shailaja said. New positive cases on a single day had touched three digits for the first time in Kerala on June 5 when 111 people were infected. In Maharashtra, Chief Minister Uddhav Thackeray said while the spread of coronavirus has been contained in the state the increase in the mortality rate was not a good sign. "After the easing of lockdown restrictions, there is an increase in the number of patients in some districts. Tracing patients and their contacts expeditiously is very important and the only solution. There should be no complacency," he said during a video conference with collectors, municipal commissioners and divisional commissioners to review the pandemic situation. Maharashtra accounts for 1,20,504 cases in the country while the death toll stood at 5,751. Lauding the two initiatives taken by Karnataka developed as part of the 'whole of government' approach with the involvement of multi-sectoral agencies and supported by technology-based solutions and interventions, the Union Health ministry said they effectively trace and track each case thereby successfully containing the spread of the epidemic. "The Centre has asked the other states to adapt these best practices to their local context and replicate them for better management of the COVID-19 pandemic," the ministry said in a statement. Karnataka has widened the definition of 'contact' to include both the high-risk as well as low-risk contacts as defined by the central government. The number of primary and secondary contacts in the state were meticulously traced and put under strict quarantine, the ministry said. Contact tracing is a critical component towards containing the epidemic and ensuring that the health infrastructure does not get overwhelmed. The state has been able to curtail the spread of infection in slums of big corporation areas through compulsory institutional quarantine of the contacts residing in slums or similar areas, it said. Chief Minister B S Yediyurappa's office-cum-residence in Bengaluru was shut for sanitisation for a day after an employee's relative tested positive for coronavirus. According to sources, a woman staff working at 'Krishna', the office-cum-residence of Yediyurappa, did not turn up for duty for two days after her husband was infected by the virus. "Her husband has been tested positive and not the woman, but still as a precautionary measure the entire building has been sanitised," an official told . The chief minister conducted all the important meetings of the day at the Vidhana Soudha instead of 'Krishna', the official said. Amid the rising COVID-19 cases in West Bengal, the number of containment zones in the state has also increased from 1,907 to 2,428 in a week, the state government said. Kolkata, which has reported the highest number of active cases in the state (2,173) so far, also has the maximum number of containment zones at 1,512, according to the state government website 'Egiye Bangla'. Till Thursday, the state registered 12,735 COVID-19 cases and 518 fatalities. PLB VGN SA GMS ABN UD SCH DBV MR GSN GSN GSN

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