Clipped from: https://www.financialexpress.com/market/steel-stocks-tumble-on-export-tax/2535401/ While the new impost is aimed at curbing rising prices of the alloy and boost its availability and consumption in the local market,
Category: Industry-Company-Company Act related news
*****Rein in cotton hoarding: Textile industry – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/todays-paper/tp-others/tp-states/rein-in-cotton-hoarding-textile-industry/article65424498.ece Industry has urged the govt to remove cotton from the list of commodities traded on the commodity exchanges NAGARA GOPAL | Photo Credit:
*****Pharma companies are now busy adding capacities and seeing a surge in demand for non-Covid drugs – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/healthcare/biotech/pharmaceuticals/pharma-companies-are-now-busy-adding-capacities-and-seeing-a-surge-in-demand-for-non-covid-drugs/articleshow/91566425.cms Synopsis Indian drug manufacturers launch 300-350 new brands (mostly repurposed or combinations of two earlier drugs) every year. This had slowed down in
*****Domestic tractor sales rebound in April after 5 months of decline – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/companies/domestic-tractor-sales-rebound-in-april-after-5-months-of-decline/article65404033.ece Q1 growth outlook is bright Domestic tractor sales reported a rebound during the first month of this fiscal with a month-on-month increase of
*****Textile in trouble | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/textile-in-trouble-122051001644_1.html Govt must revisit the GM policy Relentless spikes in prices of cotton in both international and domestic markets over the past few months have pushed
What India Needs to Do to Prevent a Power Crisis – BusinessToday
Clipped from: https://www.businesstoday.in/magazine/current/story/what-india-needs-to-do-to-prevent-a-power-crisis-333479-2022-05-13 India needs proper planning to ensure that it is prepared for future spikes in electricity demand Supply issues electricity supply hasn’t been able
*****An industry barely hanging by a thread – The Hindu
Clipped from: https://www.thehindu.com/todays-paper/tp-opinion/an-industry-barely-hanging-by-a-thread/article65412412.ece The crisis in West Bengal’s jute industry is getting exacerbated, with several mills suspending operations this year. Shiv Sahay Singh visits mills along
*****Party is over – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/higher-input-and-finance-costs-will-impact-corporate-profitability-in-the-coming-quarters/article65401595.ece The environment for corporates will get increasingly challenging in the coming quarters | Photo Credit: Nisha Dutta Higher input and finance costs will
‘There will be consolidation in the data centre industry’ – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/info-tech/there-will-be-consolidation-in-the-data-centre-industry/article65398374.ece Sharad Sanghi, Managing Director, NTT India NTT India MD Sharad Sanghi on the future of the data centre business in India and beyond Tokyo-headquartered
*Poultry feed makers cut prices after Centre allows more soyameal imports – The Hindu BusinessLine
lipped from: https://www.thehindubusinessline.com/economy/agri-business/poultry-feed-makers-cut-prices-after-centre-allows-more-soyameal-imports/article65401755.ece The price of poultry feed has increased manifold in the post COVID-19 phase. | Photo Credit: TH Godrej Agrovet, IB Group lower feed
*****Textile in trouble | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/textile-in-trouble-122051001644_1.html Govt must revisit the GM policy Relentless spikes in prices of cotton in both international and domestic markets over the past few months have pushed
*2-wheeler sales rise in April, but recovery unlikely to continue: Analysts | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/2-wheeler-sales-rise-in-april-but-recovery-unlikely-to-continue-analysts-122050201035_1.html High raw material prices and semiconductor shortage puts recovery in doubt for companies’ plans Two wheeler market leader Hero MotoCorp led the sales
*****Centre’s call to import coal meets with lukewarm response – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/news/centres-call-to-import-coal-meets-with-lukewarm-response/article65372743.ece High cost and inability to pass on to consumers immediately are being cited as key reasons Despite pulling all strings to enhance coal
*****India is on top of the gaming market | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/india-is-on-top-of-the-gaming-market-122050100871_1.html Indian gaming firms are using smart technologies to enhance the playing experience Over the last few months, India has been making a record in yet
*Supply and payment crisis | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/supply-and-payment-crisis-122050100948_1.html Systemic weakness in power sector exposed again The unusually high temperatures in much of northern and western India have, as is often the
*Pharma exports touch Rs 1.83 trillion in 2021-22: Commerce ministry | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/pharma-exports-touch-rs-1-83-trillion-in-2021-22-commerce-ministry-122050100288_1.html The exports in 2021-22 sustained a positive growth despite the global trade disruptions and drop in demand for COVID related medicines Pharma exports
*Vehicle scrappage policy in the pit lane: Where are the scrap yards? | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/vehicle-scrappage-policy-in-the-pit-lane-where-are-the-scrap-yards-122050100906_1.html Analysis shows that four states/Union Territories account for 57 per cent of the older vehicles in the country According to government records, there
*Edelweiss ARC plans to deploy Rs 1,200 crore to acquire bad loans | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/edelweiss-arc-plans-to-deploy-rs-1-200-crore-to-acquire-bad-loans-122050101070_1.html With improving business environment, it has pegged recoveries to between Rs 5,000 crore and Rs 6,000 crore in FY23. Its assets under management
Holcim’s sale of Ambuja Cement, ACC to be biggest exit of an MNC from India | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/holcim-s-sale-of-ambuja-cement-acc-to-be-biggest-exit-of-an-mnc-from-india-122050101047_1.html Ambuja Cement ended Friday with a market capitalisation of Rs 73,836 crore while ACC closed the day with Rs 43,819 crore. The much-talked-about
*E-scooter sales slow down as global chip shortage woes continue | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/e-scooter-sales-slow-down-as-global-chip-shortage-woes-continue-122050100999_1.html The largest drop has been in Hero Electric, one of the largest players in the market The electric scooter juggernaut which has been