Hyundai Motor is reportedly considering an initial public offering (IPO) for its Indian unit, aiming to raise at least $3 billion. While the IPO plan for Hyundai Motor India is still in the early stages and not finalized, it could potentially become India’s most substantial stock market offering, with a valuation ranging from $25 billion … Read more
In the December quarter of 2023, Apple reported a revenue of $69.7 billion for its iPhone sales, marking a 6% increase compared to the same period the previous year. The tech giant achieved all-time revenue records in various countries and regions, including Latin America, Western Europe, the Middle East, Korea, India, and Indonesia. Luca Maestri, … Read more
The Indian Paper Manufacturers Association (IPMA) is urging the government to implement measures in the upcoming budget to protect the domestic paper and paperboard industry. The industry body has proposed an increase in the import duty on paper and paperboard from the current 10% to 25% to curb cheap imports. IPMA emphasizes that India’s WTO … Read more
A new common facility center dedicated to the printing industry is set to begin operations in Ludhiana. The Modern Printing and Packaging Forum spearheaded the initiative, and the facility’s construction in Gaunspur village is complete. The center aims to revolutionize the local printing and packaging sector, offering competition to established hubs in Mumbai and Delhi. … Read more
In a recent development, Nigeria has intensified its regulations concerning Indian pharmaceutical exports, introducing new standards that may raise concerns within the industry. The Nigerian drug regulator, the National Agency for Food and Drug Administration and Control (NAFDAC), has mandated that drug manufacturers comply with updated guidelines, emphasizing the use of raw materials and adherence … Read more
The Association of producers and suppliers of metallurgical coal has raised concerns about the surge in the import of metallurgical coke at prices lower than the domestic production cost. Metallurgical coal, a key component for producing high-quality coke, has seen an influx of over 3.6 million tonnes of cheap imports during the fiscal year 2022-23. … Read more
Aarti Industries Ltd., a manufacturer of specialty chemicals, recently inked a significant nine-year deal with a global agrochemicals giant. The contract, valued at ₹3,000 crore, focuses on supplying a specialized agrochemical intermediate, with deliveries set to commence this fiscal year. Reports suggest that the agreement was likely with UPL, a prominent Indian agrochemical player, involving … Read more
Sony Pictures Networks India (SPNI) released a statement addressing ZEE’s recent request for an extension of the December 21, 2023 deadline for their proposed merger. SPNI highlighted that ZEE’s notice to the Bombay Stock Exchange and the National Stock Exchange of India, dated December 17, acknowledges their inability to meet the impending merger deadline. The … Read more
In another day of market activity, the indices continued their upward momentum, marking a nearly 1% gain. The Nifty, after an initial surge, held within a certain range for the majority of the session, settling near the day’s peak at 20,855.10 levels. A mix of trends within various sectors kept traders engaged, with energy, metal, … Read more
The collective market capitalization of companies listed on the Bombay Stock Exchange (BSE) has soared to a historic high, surpassing the $4 trillion mark as of November 29. This milestone represents an upward surge of over $600 billion since the beginning of this year, illustrating the sustained upward trajectory of Indian equities. The total market … Read more