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
HDFC Bank witnessed a substantial decline in its share price on Thursday, experiencing a dip of up to 3.7% to reach the day’s low at Rs 1,480 on the Bombay Stock Exchange. Despite Wednesday’s market downturn, the bank struggled to attract enough buyers to offset the losses. Over the past two trading days, the stock … 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
HDFC Bank, India’s largest private sector lender, is on the brink of unveiling its Q3 results on January 16. Despite a year of underperformance in comparison to benchmark indices, the bank’s share price has shown resilience, gaining over 9% in the past three months and a modest 5.5% in one year. This stands in contrast … 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
Artificial Intelligence (AI) has become an integral part of modern life, transforming various aspects of daily routines, workplaces, and technological interactions. The capabilities of AI systems, including automation of tasks, quick analysis of large datasets, and provision of insightful data for decision-making, have significantly impacted efficiency and innovation across industries. To ensure the widespread benefits … Read more
On the second day of bidding, the public issue of Jyoti CNC witnessed a subscription rate of 3.2 times. Investors have submitted bids for 5.7 crore shares against the available 1.75 crore shares. Retail investors have showcased remarkable interest, oversubscribing their quota by an impressive 10.16 times. Meanwhile, high net-worth individuals (HNIs) secured bids that … 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
The Indian economy is anticipated to experience a growth of 7.3 percent in the fiscal year 2023-24, slightly higher than the 7.2 percent recorded in the previous year. This growth is primarily attributed to the strong performance seen in mining, quarrying, manufacturing, and certain service sectors. According to the initial advance estimates released by the … Read more