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Govt approves PLI scheme for air-conditioners, LED lights

Skoda Kodiaq releases facelift teaser ahead global launch

The Skoda Kodiaq is all set to receive a facelift, which will officially be unveiled on April 13, 2021. This will be the first major facelift of the model since it was originally launched.

From the sketches one can gather that the Kodiaq facelift will get a tweaked bonnet design, a more up-right front grille and a restyled front bumper with a wider central air intake.

The headlights will also be slimmer than the older model and the fog lights will be positioned slightly lower as well. Round back, the taillight design has also been slimmed down and it features the Skoda’s new signature crystalline pattern (also seen in the Kushaq).

Under the hood, the Kodiaq facelift in India will come equipped with a 2.0-litre, four-cylinder TSI turbo-petrol engine that will produce 190hp and 320Nm. Skoda already showcased this engine in the petrol-powered Kodiaq it displayed at the 2020 Auto Expo. Gearbox duties for this model will be carried out by a 7-speed DCT automatic unit.

Zac Hollis, Director of Sales, Service and Marketing, Skoda Auto India, has confirmed that the Kodiaq facelift will be launched in India in the third quarter of 2021 (July – September).

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Himax Technologies: Q1 Revenues, EPS Exceed Previous Guidance

Himax Technologies, Inc. (HIMX) pre-announced its preliminary first quarter key financial results. The company expects non-IFRS earnings per ADS to be around 38.4 cents, exceeding the guidance of 30.1 cents to 34.1 cents. This is compared to 2.2 cents, last year.

The company expects its first quarter IFRS earnings per ADS to be around 38.3 cents, exceeding the guidance of 30.0 cents to 34.0 cents. This is compared to 1.9 cents, last year. IFRS net profit reached $66.9 million during the quarter.

Fourth quarter revenues were $309.0 million, an increase of 67.4% year-over-year.

Arthur J. Gallagher Buys Norway’s Marine And Energy Broker Parisco For Undisclosed Terms

Arthur J. Gallagher & Co. (AJG), an insurance brokerage, risk management and consulting services firm, announced Wednesday the acquisition of Norway-based Parisco AS. The financial terms of the deal were not disclosed.

Parisco, founded in 2001, is a marine and energy broker that serves contractors, offshore service vessels, exploration and production, shipping, passenger vessels and renewable energy clients.

In the deal, Dag Magne Torjussen and his team will join forces with Oslo-based Bergvall Marine, Gallagher’s existing specialist marine broker in Norway, under the direction of Anders Mjaaland, Managing Director.

Patrick Gallagher, Jr., Chairman, President and CEO, said, “Parisco is a high-quality marine insurance specialist known and respected by our Bergvall colleagues in Norway for 20 years. Their union will deliver outstanding capabilities to our customers across the marine, energy and renewables sectors in Norway.”

Rolling Meadows, Illinois -based Arthur J. Gallagher has operations in 49 countries and offers client service capabilities in more than 150 countries.

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Covid patients in London hospitals drop by 92% in 11 weeks



Around 90% of Polish COVID-19 cases are British variant, says minister

FILE PHOTO: A paramedic administers a Pfizer-BioNTech COVID-19 vaccine to a woman at the University Hospital in Bialystok, Poland January 4, 2021. Agnieszka Sadowska/Agencja Gazeta via REUTERS

WARSAW (Reuters) – Around 90% of COVID-19 cases reported in Poland are the variant of the virus first discovered in Britain, Health Minister Adam Niedzielski said on Wednesday.

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Govt approves PLI scheme for air-conditioners, LED lights

The government on Wednesday approved a production-linked incentive scheme for air-conditioner and LED light sectors with an outlay of ₹ 6,238 crore.

The proposal was approved in a Union Cabinet meeting, which was chaired by Prime Minister Narendra Modi.

Commerce and Industry Minister Piyush Goyal said that the approval of the scheme for ACs and LEDs will give a boost to domestic manufacturing.

Production-linked incentive scheme aims at boosting domestic manufacturing in the country.