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Currently, there are nine pharma parks and clusters located in GB Nagar, Ghaziabad, Kanpur Nagar, Lucknow, Meerut and Moradabad, with nearly 400 formulation units, 41 bulk drug units, 91 cosmetic units, 122 medical devices manufacturing units in Uttar Pradesh. | Uttar Pradesh has nine pharma parks and clusters with approximately 400 formulation units, 41 bulk drug units, 91 cosmetic units, and 122 medical device manufacturing units. |
CALGARY, Alberta - NuVista Energy Ltd. TSX NVA , an independent oil and gas company, announced a record-setting production outcome for the fourth quarter of 2023, surpassing its forecasted range with a field-estimated production of 85,900 barrels of oil equivalent per day Boe d . | NuVista Energy Ltd. achieved a record-setting production of 85,900 barrels of oil equivalent per day (Boe/d) in Q4 2023, exceeding its forecasted range. |
Ram Mukunda, CEO of IGC Pharma, shared his optimism about the trial's expansion, which aims to bolster data collection and diversify the patient population. IGC Pharma is on track to open additional trial sites in the U.S. and Canada to ensure a representative sample of participants, including underrepresented populations. IGC Pharma's portfolio focuses on addressing Alzheimer's disease through various therapeutic angles, including neuroinflammation, beta-amyloid plaques, and neurofibrillary tangles. POTOMAC, Md. - IGC Pharma, Inc. NYSE American IGC has initiated a Phase 2b clinical trial through ClinCloud, a Florida-based clinical research facility, to evaluate the safety and efficacy of IGC-AD1, a drug aimed at treating agitation in Alzheimer s patients. | IGC Pharma has initiated a Phase 2b clinical trial to evaluate the safety and efficacy of IGC-AD1, a drug aimed at treating agitation in Alzheimer's patients. The trial will open additional sites in the U.S. and Canada to ensure a representative sample of participants, including underrepresented populations. |
Sportech, based in Elk River, Minnesota, operates three manufacturing sites within the state, catering to powersport, golf and turf, industrial, and agriculture sectors. | Sportech, based in Elk River, Minnesota, operates three manufacturing sites within the state, catering to four sectors: powersport, golf and turf, industrial, and agriculture. |
Hyderabad, Jan 9 IANS Godrej Agrovet, a part of Godrej Group, is ready to set up an integrated oil palm processing unit in Telangana. | Godrej Agrovet, a part of Godrej Group, is setting up an integrated oil palm processing unit in Telangana. |
Railtel Corporation of India shares opened lower on January 18 after the company received a work order from South Central Railway worth Rs 82,41,95,412.At 09 40 hrs Railtel Corporation of India was quoting at Rs 357.45, down Rs 5.55, or 1.53 percent, on the BSE.The order includes comprehensive ground infrastructure works for provisions of 4G LTE-R in 523 RKM of the Secunderabad division in South Central Railway. | Railtel Corporation of India shares fell 1.53% on January 18 after receiving a work order worth Rs 82.42 crore from South Central Railway for 4G LTE-R infrastructure in the Secunderabad division. |
WHITEHORSE, Yukon - Victoria Gold Corp. TSX-VGCX , a mining company operating the Eagle Gold Mine in central Yukon, Canada, has reported a gold production of 41,982 ounces for the fourth quarter of 2023, bringing the total for the year to 166,730 ounces. | Victoria Gold Corp. produced 41,982 ounces of gold in Q4 2023, bringing the annual total to 166,730 ounces at its Eagle Gold Mine in Yukon, Canada. |
The US-based Micron is the world's fourth largest semiconductor manufacturer and the largest manufacturer in memory chips. Hyderabad, Jan 11 IANS Micron Technology NASDAQ MU President and CEO Sanjay Mehrotra met Telangana Chief Minister A. Revanth Reddy at the latter s residence in Hyderabad on Thursday and discussed investment prospects in the state. | Micron Technology's CEO, Sanjay Mehrotra, met with Telangana's Chief Minister to discuss investment opportunities in the state, as Micron is the world's fourth-largest semiconductor manufacturer and the largest in memory chips. |
Australian Premium Solar, on the other hand, is looking to expand its solar panel manufacturing capabilities with the proceeds from its IPO.Additionally, Shree Marutinandan Tubes Limited is also set for an IPO, aiming to raise capital specifically for trading galvanized pipes. | Australian Premium Solar and Shree Marutinandan Tubes Limited are both planning IPOs to raise capital for expansion. Australian Premium Solar aims to expand its solar panel manufacturing capabilities, while Shree Marutinandan Tubes Limited plans to use the funds for trading galvanized pipes. |
MONTR AL - Cerro de Pasco Resources Inc. CSE CDPR OTCPK GPPRF FRA N8HP has received a definitive resolution from the independent Mining Council, confirming the company's right to an Easement for its El Metalurgista Concession and Quiulacocha Tailings Project QT Project in Peru. Cerro de Pasco Resources is committed to the highest standards in community relations and environmental stewardship. | Cerro de Pasco Resources Inc. has received an Easement for its El Metalurgista Concession and Quiulacocha Tailings Project in Peru. |
The company's futures products are available through Cboe Digital Exchange, LLC, and Cboe Clear Digital, LLC, both registered with the CFTC. However, the CFTC does not oversee spot market trading of virtual currencies, and Cboe Digital's Spot Market is not covered by CFTC rules or regulations. | Cboe Digital Exchange and Cboe Clear Digital offer futures products regulated by the CFTC, while the Spot Market remains unregulated. |
It will invest in establishment of Telecom network for NTAMC at an estimated cost of Rs 164.38 crore, Western Region expansion scheme at an estimated cost of Rs 115.09 crore and ICT Augmentation at Navsari associated with integration of 7 GW RE power from Khavda RE park at an estimated cost of Rs 109.47.Adani Total Gas, the joint venture of billionaire Gautam Adani's group and French energy giant TotalEnergies, will invest Rs 18,000 crore to Rs 20,000 crore in the next 8 to 10 years to expand infrastructure for retailing CNG to automobiles and piping gas to households and industries, its CFO said. | Adani Total Gas plans to invest Rs 18,000-20,000 crore over the next 8-10 years to expand its CNG and piped gas infrastructure. The company will invest in a Telecom network for NTAMC (Rs 164.38 crore), Western Region expansion (Rs 115.09 crore), and ICT Augmentation at Navsari (Rs 109.47 crore). |
JBM Auto and its subsidiaries have won orders for nearly 5000 electric buses to supply to various state transport undertakings STUs in the states of Gujarat, Haryana, Delhi, Telangana, Orissa among others, and multiple Fortune 500 companies coupled with leading corporates of the country. | JBM Auto and its subsidiaries have secured orders for approximately 5000 electric buses from various state transport undertakings (STUs) and Fortune 500 companies in Gujarat, Haryana, Delhi, Telangana, Orissa, and other states. |
At the top-end, the Chennai-based firm, part of TVS Mobility Group, is valued at Rs 8,746 crore, with the EV Ebitda enterprise value earnings before interest, taxes, depreciation, and amortisation value at around 12.6x multiples. | The Chennai-based firm is valued at Rs 8,746 crore, with the EV Ebitda value at around 12.6x multiples. |
Himalaya Finance and Investment Company, a venture capital firm, also bought 1.03 million shares in the company at an average price of Rs 168.49 per share. | Himalaya Finance and Investment Company, a venture capital firm, invested in a company by purchasing 1.03 million shares at an average price of Rs 168.49 per share. |
Jim Glomstad, CEO of Sportech, acknowledged Monomoy's role in equipping the management team with the necessary tools for success. | Sportech CEO Jim Glomstad credited Monomoy for providing the management team with the tools needed for success. |
Nathalie Ruelle, H.B. Fuller's global quality and sustainability director, stated that the company is continuously seeking ways to offer more sustainable solutions and help its customers achieve their environmental goals. | H.B. Fuller, led by Nathalie Ruelle, is committed to providing sustainable solutions to its customers, enabling them to meet their environmental objectives. |
HSINCHU, Taiwan - SemiLEDs Corporation NASDAQ LEDS , a global provider of LED chips and components, announced a reduced net loss and improved gross margins in its financial results for the first quarter of fiscal year 2024, which ended on November 30, 2023.The company reported an increase in revenue to $1.6 million for the first quarter, up from $1.5 million in the previous quarter. | SemiLEDs Corporation reported a reduced net loss and improved gross margins in Q1 of fiscal year 2024, with revenue increasing to $1.6 million from $1.5 million in the previous quarter. |
The company will collaborate with a US-based automobile technology company Mobileye for software solutions and to explore building a full-stack autonomous driving system. | The company will collaborate with Mobileye, a US-based automobile technology company, for software solutions and to explore building a full-stack autonomous driving system. |
RSMW soared 14 per cent to Rs 198.45, followed by Vardhman Textiles 10 per cent at Rs 422 , Nahar Spinning Mills 9 | RSMW, Vardhman Textiles, and Nahar Spinning Mills witnessed significant gains in their stock prices, with RSMW leading the surge by 14% to Rs 198.45. |
For instance, our partnership with Vrutti in Kanakapura Karnataka facilitated the establishment of a retail food business by a women-owned FPO, yielding an income impact six times greater. | A partnership with Vrutti in Kanakapura, Karnataka, helped establish a retail food business by a women-owned FPO, resulting in a six-fold increase in income. |
According to BHEL, the equipment for the project will be manufactured at its Trichy, Haridwar, Hyderabad, Jhansi, Bengaluru, Ranipet, Bhopal, Rudrapur and Varanasi plants. | BHEL will manufacture equipment for the project at its plants in Trichy, Haridwar, Hyderabad, Jhansi, Bengaluru, Ranipet, Bhopal, Rudrapur, and Varanasi. |
Nicolas Link has been appointed as the new Chairman of the Board, with John-Paul Backwell stepping in as the Chief Executive Officer and Director. | Nicolas Link has been appointed as the new Chairman of the Board, while John-Paul Backwell has taken over as the Chief Executive Officer and Director. |
The demand for e-fuels is anticipated to see substantial growth, with projections estimating a market worth of $13.6T by 2050.INERATEC's CEO, Tim Boeltken, expressed gratitude for the investment, highlighting TDK Ventures' commitment to scaling sustainable and hard-tech projects. | E-fuels market is projected to reach $13.6T by 2050, prompting investment in INERATEC, a sustainable hard-tech company. |
Biggest losers included Filo Mining Corp TSX FIL , which lost 6.46 or 1.53 points to trade at 22.17 in late trade. | Filo Mining Corp (TSX: FIL) was among the biggest losers, dropping 6.46 points (1.53%) to close at 22.17 in late trade. |
The share purchase and share subscription agreement was signed by the president of SAIC, Wang Xiaoqiu, and JSW group s Parth Jindal at MG Motor s UK headquarters in London with the objective of accelerating the transformation and growth of MG Motor in India .SAIC Motor and JSW group will create strategic synergies by bringing together resources in the field of automobiles and new technology, the statement said. | SAIC Motor and JSW Group signed an agreement to accelerate MG Motor's growth in India through strategic synergies in automobiles and new technology. |
The offering targets qualified institutional buyers, relying on Rule 144A under the Securities Act, and is also extended to certain non-U.S. persons in offshore transactions in accordance with Regulation S under the same act. | The offering is available to qualified institutional buyers under Rule 144A and certain non-U.S. persons in offshore transactions under Regulation S. |
It is already approved in the United States, Japan, and China for treating mild cognitive impairment and mild dementia stages of Alzheimer's. | Donepezil is approved in the US, Japan, and China for treating mild cognitive impairment and mild dementia stages of Alzheimer's. |
The entire power of 2,400 MW is tied up with the states of Tamil Nadu NS TNNP , Odisha, Kerala and Puducherry and PPAs power purchase agreement already executed, NLC India said. | NLC India has secured 2,400 MW of power purchase agreements with Tamil Nadu, Odisha, Kerala, and Puducherry. |
While global weakness continues, the worry now is China, where rolling lockdowns have been followed by slower growth and deflation. Global growth is showing continued weakness and China remains a question mark Will the People s Bank of | Global growth remains weak, with China's rolling lockdowns leading to slower growth and deflation. The People's Bank of China is facing uncertainty in addressing these economic challenges. |
With over 7 million carloads moved each year, the company is a significant transporter of agricultural products, consumer goods, automobiles, and metals, and maintains the most expansive intermodal network in the eastern United States. | The company transports over 7 million carloads of agricultural products, consumer goods, automobiles, and metals annually, making it a major transporter in the eastern United States. |
NEW YORK - PNC Financial Services Group Inc NYSE PNC . | PNC Financial Services Group Inc. (NYSE: PNC) is a financial services company headquartered in New York City. |
With the MCX spot gold prices at Rs 62,939 per 10 grams $2,063 per ounce in international markets , the yellow metal ended 2023 on a strong note with returns of 15 per cent. | In 2023, gold prices surged by 15%, reaching Rs 62,939 per 10 grams in India and $2,063 per ounce internationally. |
As part of TDK's broader commitment to innovation and societal transformation, Fund EX1 was launched in 2023 with a focus on early-stage companies leading the energy transition within the U.S. and Europe. | TDK's Fund EX1, launched in 2023, invests in early-stage companies driving the energy transition in the U.S. and Europe. |
Bandhan Mutual Fund MF , Samco MF, BNP Paribas Arbitrage, Societe Generale, and Resonance Opportunities Fund, among others were the buyers of shares. | Bandhan Mutual Fund, Samco MF, BNP Paribas Arbitrage, Societe Generale, and Resonance Opportunities Fund were among the buyers of shares. |
VinFast Enters IndiaIn a strategic move to tap into the burgeoning electric vehicle EV market in India, Vietnam's VinFast Auto NASDAQ VFS has announced its plans to build its first EV facilities in the southern state of Tamil Nadu NS TNNP . | VinFast Auto (NASDAQ: VFS) plans to establish its first EV facilities in Tamil Nadu, India, to capitalize on the growing EV market there. |
LOS GATOS, CA - Atomera Incorporated NASDAQ ATOM , a company specializing in semiconductor materials and licensing technology, announced today an increase in its fourth-quarter 2023 revenue forecast to approximately $500,000. | Atomoera Incorporated, a semiconductor materials and licensing technology company, has increased its fourth-quarter 2023 revenue forecast to approximately $500,000. |
Positive inflections in revisions breadth have been observed in cyclical sectors like transports, diversified financials, autos, banks, and materials during the past two weeks. | Positive revisions in cyclical sectors like transports, financials, autos, banks, and materials have been observed in the past two weeks. |
In Asia, Japan s Nikkei rose 2 per cent, extending its record breaking rally. | Japan's Nikkei index surged 2% in Asia, continuing its record-breaking rally. |
The company has a longstanding presence in North America's energy sector, spanning over six decades. CALGARY, Alberta - Pembina Pipeline NYSE PBA Corporation TSX PPL NYSE PPL NYSE PBA , a prominent energy transportation and midstream service provider, has announced the issuance of $1.8 billion in senior unsecured medium-term notes. This move comes as part of Pembina's broader strategy to support its energy infrastructure operations, which include pipelines, processing facilities, and logistics services. | Pembina Pipeline Corporation, a leading energy transportation and midstream service provider, has issued $1.8 billion in senior unsecured medium-term notes to support its energy infrastructure operations. |
NEW YORK - In a significant shift within the financial services industry following the U.S. Securities and Exchange Commission's SEC approval of spot Bitcoin exchange-traded funds ETFs on January 10, Vanguard is facing a client backlash. The SEC's green light for spot Bitcoin ETFs marked a watershed moment for cryptocurrency investments, allowing for more direct exposure to Bitcoin's price movements. NEW YORK - In a significant shift within the financial services industry following the U.S. Securities and Exchange Commission's SEC approval of spot Bitcoin exchange-traded funds ETFs on January 10, Vanguard is facing a client backlash. | Following the SEC's approval of spot Bitcoin ETFs on January 10, Vanguard faces client backlash due to the increased exposure to Bitcoin's price movements. |
Royal Bank of Canada's stock value rose modestly by 0.26 to close at $132.80. Shares of the Royal Bank of Canada NYSE RY saw a slight uptick, while TC Energy Corporation NYSE TRP experienced a minor decrease. | Royal Bank of Canada's stock rose 0.26% to $132.80, while TC Energy Corporation's stock declined slightly. |
The IPO process for Citicore is being managed by UBS AG and BDO Capital, two financial firms with extensive experience in guiding companies through the complexities of going public. The move to expand Citicore's solar plant projects through this IPO underscores the growing focus on renewable energy in the Philippines and the potential for investors to contribute to the country's sustainable energy future. MANILA - The Securities and Exchange Commission SEC has given the green light for Citicore Renewable Energy Corporation's initial public offering IPO , which is expected to raise as much as P12.94 billion. The approval, granted on Tuesday, paves the way for Citicore's shares to be priced at a maximum of P3.88 each during its public offering scheduled for March 4-8, 2024.Citicore is targeting to have its shares listed on the Philippine Stock Exchange main board by March 15, 2024. | Citicore Renewable Energy Corporation's IPO, managed by UBS AG and BDO Capital, has been approved by the SEC. The IPO aims to raise P12.94 billion, with shares priced at a maximum of P3.88 each and targeting a listing on the Philippine Stock Exchange main board by March 15, 2024. |
L&T, Bharti Airtel, Tata Consumer, GAIL, Indian Oil, Jindal Steel and Power, Mankind Pharma, and Max Financial, among others. | Several prominent Indian companies, including L&T, Bharti Airtel, Tata Consumer, GAIL, Indian Oil, Jindal Steel and Power, Mankind Pharma, and Max Financial, are mentioned in the text. |
New Delhi, Jan 11 IANS Cheshire West & Chester Council has approved groundbreaking plans by EET Hydrogen for the first large-scale, low carbon hydrogen production plant HPP1 in the UK located at the Stanlow Manufacturing Complex in Ellesmere Port, Cheshire. | Cheshire West & Chester Council has approved EET Hydrogen's plans for the UK's first large-scale, low carbon hydrogen production plant at the Stanlow Manufacturing Complex in Ellesmere Port, Cheshire. |
The Korea Trade Commission KTC said it plans to look into whether the patent by LG Chem Ltd.'s cathode material utilized in battery production, known as NCM811, was infringed by three Chinese firms and a local importer. | The Korea Trade Commission (KTC) is investigating a patent infringement claim by LG Chem against three Chinese firms and a local importer for allegedly using LG Chem's NCM811 cathode material in battery production without authorization. |
This partnership, announced today, enables Shift4's merchant network to process secure contactless payments directly on Android devices.i-Accept, developed by MagicCube, converts any Android smartphone or tablet into a payment terminal capable of handling Tap-to-Pay transactions, including those requiring a PIN. | Shift4 and MagicCube have partnered to enable Shift4's merchants to process secure contactless payments directly on Android devices using i-Accept, which converts Android devices into payment terminals capable of handling Tap-to-Pay transactions. |
The share purchase and share subscription agreement was signed by the president of SAIC, Wang Xiaoqiu, and JSW group s Parth Jindal at MG Motor s UK headquarters in London with the objective of accelerating the transformation and growth of MG Motor in India .SAIC Motor and JSW group will create strategic synergies by bringing together resources in the field of automobiles and new technology, the statement said. | SAIC Motor and JSW Group signed an agreement to accelerate MG Motor's growth in India through strategic synergies in automobiles and new technology. |
New Delhi, Jan 15 IANS Mutual fund redemptions increased 39 per cent year on year to Rs 3,323 billion, leading to a decline in net inflows to Rs 2,063 billion in calendar year CY23 from Rs 2,383 billion in CY22, Motilal Oswal NS MOFS Financial Services said in a report. | Mutual fund redemptions surged by 39% to Rs 3,323 billion in CY23, resulting in a decline in net inflows to Rs 2,063 billion from Rs 2,383 billion in CY22. |
Global Cyclicals weightage, too, decreased 20bp to 8.2 39 per cent, led by Oil & Gas. | Global Cyclicals weightage decreased by 20 basis points to 8.39%, primarily due to a decline in the Oil & Gas sector. |
SHENZHEN, China - BYD Co SZ 002594 Ltd, a global leader in the production of new energy vehicles, has announced the introduction of its Integrated Vehicle Intelligence strategy and the debut of the XUANJI Architecture, a new AI-driven platform for intelligent electric vehicles. In addition to these technological advancements, BYD revealed plans to invest 5B RMB $750M in constructing the world's first professional all-terrain test-driving sites across several cities in China. He also noted the company's leadership in China for L2-level intelligent driving deployment and its status as the first to receive an L3-level test license. | BYD, a leader in new energy vehicles, has introduced its Integrated Vehicle Intelligence strategy and XUANJI Architecture, an AI-driven platform for intelligent electric vehicles. The company plans to invest $750M in constructing professional all-terrain test-driving sites in China. |
New Delhi, Jan 15 IANS Mutual fund redemptions increased 39 per cent year on year to Rs 3,323 billion, leading to a decline in net inflows to Rs 2,063 billion in calendar year CY23 from Rs 2,383 billion in CY22, Motilal Oswal NS MOFS Financial Services said in a report. | Mutual fund redemptions surged by 39% to Rs 3,323 billion in CY23, resulting in a decline in net inflows to Rs 2,063 billion from Rs 2,383 billion in CY22. |
This acquisition is seen as a strategic enhancement to Titan Machinery's presence in the productive eastern South Dakota area. The recent expansion is part of Titan Machinery's ongoing efforts to grow its operations and serve a broader customer base. This announcement is based on a press release statement from Titan Machinery Inc. and does not constitute an endorsement of the company or its future prospects. Titan Machinery, founded in 1980 and headquartered in West Fargo, North Dakota, operates a network of service agricultural and construction equipment dealer locations across North America, Europe, and Australia. | Titan Machinery acquired a dealership in eastern South Dakota to expand its presence in the region and serve a broader customer base. |
The price of ten grams of 22-carat gold in Mumbai is at par with that of gold in Kolkata and Hyderabad, at Rs 53,350.The price of ten grams of 22-carat gold in Delhi, Bengaluru, and Chennai is Rs 53,500, Rs 53,350, and Rs 53,600, respectively. Silver, too remained unchanged with one kg of the precious metal selling at Rs 73,500.The price of 22-carat gold was also unchanged, with the yellow metal selling at Rs 53,350.The price of ten grams of 24-carat gold in Mumbai is at par with that in Kolkata and Hyderabad, at Rs 58,200.The price of ten grams of 24-carat gold in Delhi, Bengaluru, and Chennai is Rs 58,350, Rs 58,200, and Rs 58,470, respectively. | The price of 22-carat gold in Mumbai, Kolkata, and Hyderabad is Rs 53,350 per 10 grams, while in Delhi, Bengaluru, and Chennai, it is Rs 53,500, Rs 53,350, and Rs 53,600, respectively. The price of 24-carat gold in Mumbai, Kolkata, and Hyderabad is Rs 58,200 per 10 grams, while in Delhi, Bengaluru, and Chennai, it is Rs 58,350, Rs 58,200, and Rs 58,470, respectively. |
Despite a slight dip in net profit year-over-year, Sinclairs Hotels has reported revenue growth and sustained a stable EBITDA, indicating a solid financial performance. Furthermore, Sinclairs Hotels Ltd has announced that January 29 will serve as the record date for shareholders to be eligible to receive the announced bonus shares. MUMBAI - Shares of Sinclairs Hotels Ltd have soared to an all-time high, crossing the Rs 250 mark on the Bombay Stock Exchange BSE . | Sinclairs Hotels Ltd reported revenue growth and stable EBITDA despite a slight dip in net profit, indicating a solid financial performance. The company's shares reached an all-time high of Rs 250 on the BSE, with the record date for bonus share eligibility set for January 29. |
South Korea s Kospi added 0.31 per cent. | South Korea's Kospi index rose by 0.31%, indicating a positive performance in the South Korean stock market. |
Reliance Jio RJio , the telecom arm of Reliance Industries launched entry-level 4G featured 'JioBharat' phones priced at Rs 999 below most 2G-featured phones . | Reliance Jio launched entry-level 4G featured 'JioBharat' phones priced at Rs 999, which is lower than most 2G-featured phones. |
The infrastructure firm disclosed it had won a contract worth ₹1,174 crore for the construction of the Western Bhopal Bypass, which will feature a four-lane highway and an accompanying service road. | An infrastructure firm has secured a contract worth ₹1,174 crore to construct the Western Bhopal Bypass, a four-lane highway with an accompanying service road. |
We believe the merger not going through will be a lose-lose for both parties, particularly in the face of competition with a much larger entity of Reliance-Disney if the merger goes through . | The merger's failure would harm both parties, especially in light of competition from Reliance-Disney, a much larger entity. |
Revanth Reddy assured all support to expand further the oil palm and dairy business which have already been taken up by the company in Telangana. Hyderabad, Jan 9 IANS Godrej Agrovet, a part of Godrej Group, is ready to set up an integrated oil palm processing unit in Telangana. A delegation of Godrej Agrovet, which is already running numerous business activities including cooking oils, dairy, agro, veterinary services, agro chemicals, animal fodder and veterinary services, on Tuesday met Telangana Chief Minister A. Revanth Reddy. | Godrej Agrovet plans to establish an integrated oil palm processing unit in Telangana, expanding its existing oil palm and dairy operations in the state. |
Consequently, they may not be offered or sold within the United States absent registration or an exemption from such requirements. | Certain products may not be available in the United States due to registration or exemption requirements. |
Healthcare saw a rise in weight to 6.9 39 per cent 60bp YoY in CY23. The weight of defensives improved 120bp to 29.6 39 per cent, propelled by an increase in the weights of Utilities, Healthcare, and Telecom while Technology, and Consumer moderated. | Healthcare's weight rose to 6.9% in CY23, a 60bp YoY increase, while defensives improved by 120bp to 29.6%, driven by Utilities, Healthcare, and Telecom. |
Hikma Pharmaceuticals PLC LON HIK added 1.91 or 37.00 points to end at 1,970.00 and Compass Group PLC LON CPG was up 1.37 or 30.00 points to 2,220.00 in late trade. | Hikma Pharmaceuticals PLC (LON: HIK) and Compass Group PLC (LON: CPG) both saw gains in late trading, with Hikma rising 1.91 points to 1,970.00 and Compass Group climbing 1.37 points to 2,220.00. |
BREA, Calif. - Mullen Automotive, Inc. NASDAQ NASDAQ MULN , an emerging electric vehicle manufacturer, has unveiled a new lightweight service truck body for the All-Electric Mullen THREE, developed in collaboration with Phenix Truck Bodies & Van Equipment and Knapheide Manufacturing. David Michery, CEO and chairman of Mullen Automotive, emphasized the significance of the partnership with Phenix and Knapheide in developing this electric vehicle solution tailored for public service fleets. | Mullen Automotive, in partnership with Phenix and Knapheide, has unveiled a lightweight service truck body for the All-Electric Mullen THREE, designed specifically for public service fleets. |
It has also approved the appointment of Ashay Shah as senior management personnel and Head LMD & Strategy of the company with effect from 1 October 2023.The company has invested $2 million in ISCA, Inc, a Delaware-based corporation involved in pest control for agriculture. | The company has approved the appointment of Ashay Shah as senior management personnel and Head of LMD & Strategy, effective October 1, 2023. The company has invested $2 million in ISCA, Inc., a Delaware-based corporation involved in pest control for agriculture. |
Across the sectors, Utilities experienced the most significant drop, falling by 1.43 , which contributed to the broader market's downturn. | Utilities sector witnessed a significant decline of 1.43, contributing to the overall market downturn. |
VinFast's entry into the Indian market comes as the company eyes the opportunity to establish itself in the world's third-largest vehicle market. In addition, VinFast enters India with a big investment. VinFast Enters IndiaIn a strategic move to tap into the burgeoning electric vehicle EV market in India, Vietnam's VinFast Auto NASDAQ VFS has announced its plans to build its first EV facilities in the southern state of Tamil Nadu NS TNNP . | VinFast, a Vietnamese automaker, plans to establish its first EV facilities in Tamil Nadu, India, to capitalize on the country's growing EV market, which is the world's third-largest. |
Further, Japan India Startup Hub, an online platform has been facilitating bridging the gap between India and Japan leading to creating synergy to promote joint innovation in both economies. | Japan India Startup Hub, an online platform, bridges the gap between India and Japan, fostering joint innovation and synergy in both economies. |
To boost the agriculture sector, NABARD suggested to improve the adoption of technology in agriculture, usage of drones, measures to tackle man-animal conflict, uniform leasing policy for water bodies. At the meeting attended by various bankers and numerous departmental heads, it was found out that the agriculture sector constituted 52 per cent of the total projection for priority sector. Dr B. Ashok, Kerala Agricultural Production Commissioner, highlighted the importance of improving the investment credit in agriculture and thereby capital formation besides pointed out the need for value addition in the agri and non-farm sector products. | NABARD suggested improving technology adoption, drone usage, and uniform leasing policies for water bodies to boost agriculture, which constitutes 52% of the priority sector projection. |
India was the largest beneficiary of the GSP status in 2017, with $5.7 billion worth of goods being exported duty-free to the US.About 1,900 products such as engineering goods, chemicals and textiles were allowed to enter the US without an duty being levied on them. | India was the largest beneficiary of the GSP status in 2017, exporting $5.7 billion worth of goods duty-free to the US, including 1,900 products like engineering goods, chemicals, and textiles. |
Shares of textiles including garments & apparels were in demand and trading higher by up to 13 per cent on the BSE in Wednesday's intra-day trade on the back of heavy volumes as the industry is on the path to recovery and the management is optimistic about the future. | Textile stocks surged up to 13% on the BSE due to industry recovery and optimistic management outlook. |
HSINCHU, Taiwan - SemiLEDs Corporation NASDAQ LEDS , a global provider of LED chips and components, announced a reduced net loss and improved gross margins in its financial results for the first quarter of fiscal year 2024, which ended on November 30, 2023.The company reported an increase in revenue to $1.6 million for the first quarter, up from $1.5 million in the previous quarter. | SemiLEDs Corporation reported a reduced net loss and improved gross margins in Q1 of fiscal year 2024, with revenue increasing to $1.6 million from $1.5 million in the previous quarter. |
Analysts, however, assert that the proposed demerger will not resolve the debt problem of its promoter entity, Vedanta Resources VRL .The company will debut on the bourses on October 3, 2023. | Analysts believe the proposed demerger will not solve the debt issue of Vedanta Resources, the promoter entity. The company will debut on the bourses on October 3, 2023. |
The offerings are being managed by a consortium of banks, including Citigroup Global Markets Inc., Credit Agricole OTC CRARY Securities USA Inc., Deutsche Bank ETR DBKGn Securities Inc., PNC Capital Markets LLC, and RBC Capital Markets, LLC.Energy Transfer owns and operates a vast network of energy assets across the United States. | Energy Transfer, a major energy company, is managing its offerings through a consortium of banks, including Citigroup, Credit Agricole, Deutsche Bank, PNC Capital Markets, and RBC Capital Markets. |
SHENZHEN, China - BYD Co SZ 002594 Ltd, a global leader in the production of new energy vehicles, has announced the introduction of its Integrated Vehicle Intelligence strategy and the debut of the XUANJI Architecture, a new AI-driven platform for intelligent electric vehicles. It is actively involved in various sectors, including automobiles, rail transit, new energy, and electronics, and operates in over 70 countries and regions. This move aims to promote Chinese automotive culture in the era of new energy vehicles. | BYD, a leading Chinese automaker, has unveiled its Integrated Vehicle Intelligence strategy and XUANJI Architecture, an AI-driven platform for intelligent electric vehicles, to promote Chinese automotive culture in the new energy era. |
The company also reported a 14.6 increase in Earnings Before Interest and Taxes EBIT and a record order inflow of USD 1.5 billion, marking a 21 growth compared to the same period last year. This represents a quarter-over-quarter growth of 1.2 and 0.6 , respectively, and a YoY growth of 4.6 and 16.8 .For the nine months ending December 31, 2023, LTIMindtree posted a revenue of USD 3,217.9 million and a net profit of USD 421.1 million, indicating a 5.6 and 2.7 growth over the same period the previous year. LTIMindtree has secured several significant deals, including partnerships with a global leader in high-tech industries for digital transformation, a US-based oil and gas producer for technology services, and a mass media corporation for ServiceNow NYSE NOW transformation. MUMBAI - LTIMindtree NS LTIM NSE LTIM, BSE 540005 , a leading global technology consulting and digital solutions company, has announced a year-over-year YoY revenue growth of 3.5 to USD 1.08 billion for the quarter ended December 31, 2023. | LTIMindtree reported a 3.5% YoY revenue growth to USD 1.08 billion for the quarter ended December 31, 2023, with a 14.6% increase in EBIT and a record order inflow of USD 1.5 billion, marking a 21% growth compared to the same period last year. |
Members of Parliament from Japan Taro, Hideto, Susumu, Kazuhiro, Consul General in Bengaluru Nakane Tsutomu, and Deputy Consul General in Bengaluru Hokuto were among those who represented the delegation. | A delegation from Japan, including MPs Taro, Hideto, Susumu, Kazuhiro, and Consul Generals Nakane Tsutomu and Hokuto, visited Bengaluru. |
In a meeting with a Japanese parliamentary delegation, Patil said that the government aims to position Karnataka as the premier destination for Electric Vehicle EV manufacturing. Saying that the state would like to partner with Japan in achieving its aspiration of becoming a global manufacturing hub, he emphasised that the Japanese Industrial Township in Tumakuru district is a testimony to the long-standing industrial collaboration between Karnataka and Japan. Karnataka is home to over 525 Japanese companies operating across industry sectors, with around 70 companies having active manufacturing presence in the state, Patil said. The focus will be on the entire value chain related to e-mobility from battery and cell manufacturing, component production, original equipment manufacturers, charging and testing infrastructure, to research and development, the Minister explained. | Karnataka aims to become a leading destination for EV manufacturing, partnering with Japan to establish a Japanese Industrial Township in Tumakuru. The state is home to over 525 Japanese companies, with 70 actively manufacturing in the region. |
The share purchase and share subscription agreement was signed by the president of SAIC, Wang Xiaoqiu, and JSW group s Parth Jindal at MG Motor s UK headquarters in London with the objective of accelerating the transformation and growth of MG Motor in India .SAIC Motor and JSW group will create strategic synergies by bringing together resources in the field of automobiles and new technology, the statement said. Xiaoqiu said SAIC has always adhered to the win-win cooperation approach while steadily improving our core capabilities and expanding our scale of production and sales. | SAIC Motor and JSW Group signed an agreement to accelerate MG Motor's growth in India through strategic synergies in automobiles and new technology. |
VANCOUVER, BC - Pan Global Resources Inc. TSXV PGZ OTCQX PGZFF FSE 2EU has announced promising results from the first drill hole of an 11-hole step-out program at the Ca ada Honda NYSE HMC copper-gold Cu-Au discovery within the company's Escacena Project in southern Spain. | Pan Global Resources Inc. has announced promising results from the first drill hole of an 11-hole step-out program at the Cañada Honda copper-gold discovery within the company's Escacena Project in southern Spain. |
Here are some of the biggest U.S. stock movers today Citigroup C stock fell 2.5 after the banking giant booked about $3.8 billion in combined charges and reserves that will erode its fourth-quarter earnings set to be reported on Friday. | Citigroup stock fell 2.5% after booking $3.8 billion in charges and reserves, impacting its upcoming fourth-quarter earnings. |
Capella Minerals is actively engaged in the acquisition, exploration, and development of mineral resource properties, focusing on European base and battery metals. The company is also involved in several other projects across Finland and maintains interests in precious metals projects in Canada and Argentina. | Capella Minerals focuses on acquiring, exploring, and developing mineral resource properties, primarily in Europe, with a focus on base and battery metals. The company also has interests in precious metals projects in Canada and Argentina. |
WEST FARGO, N.D. - Titan NS TITN Machinery Inc. NASDAQ TITN , a prominent network of agricultural and construction equipment stores, has expanded its reach with the acquisition of Scott Supply Co., a dealership located in Mitchell, South Dakota. | Titan Machinery Inc. (TITN) has acquired Scott Supply Co., a dealership in Mitchell, South Dakota, expanding its network of agricultural and construction equipment stores. |
LOWELL, Mass. - Rapid Micro Biosystems, Inc. NASDAQ RPID , a life sciences technology company, announced preliminary unaudited revenue figures indicating significant growth for both the fourth quarter and the full year of 2023. | Rapid Micro Biosystems reported preliminary revenue growth for Q4 and 2023, with NASDAQ RPID stock symbol. |
On the other hand, Westpac is part of an AI fintech hub consortium, which provides a collaborative space for the development and implementation of AI solutions in the banking industry. SINGAPORE AUSTRALIA - DBS Group OTC DBSDY Holdings and Westpac are making strides in the digital banking sector by integrating artificial intelligence AI and forming strategic partnerships to bolster their technological capabilities. Similarly, Westpac has concentrated its efforts on online transactions, achieving a significant milestone with over 90 of its banking services now conducted digitally. Plus, use coupon code ProW345 to get an additional 10 off a 2-year InvestingPro subscription, offering a comprehensive look into companies that are at the forefront of their respective sectors, much like DBS and Westpac are in the banking industry. As DBS Group Holdings and Westpac continue to embrace digital innovation within the banking sector, it's insightful to consider the financial health and market performance of companies like W.P. Carey Inc. WPC , which has also been making significant strides in its industry. | DBS Group Holdings and Westpac are integrating AI and forming strategic partnerships to bolster their technological capabilities in the digital banking sector. Westpac has achieved a significant milestone with over 90% of its banking services now conducted digitally. |
Francisco Motors, established in 1947, is recognized as the original jeepney manufacturer and is headquartered in Manila. | Francisco Motors, founded in 1947, is the pioneer jeepney manufacturer based in Manila. |
Elsewhere, health insurer UnitedHealth NYSE UNH shares fell 2.5 after the health insurer reported a jump in medical care costs in the fourth quarter, while Tesla NASDAQ TSLA stock fell 1.7 after the EV maker cut prices of some of its new China models, while adding it will suspend most car production at its factory near Berlin. | UnitedHealth shares dropped 2.5% due to increased medical care costs, while Tesla shares fell 1.7% after price cuts in China and production suspension in Berlin. |
ROSH HA'AIN, Israel - Ceragon Networks Ltd. NASDAQ NASDAQ CRNT , a prominent provider of 5G wireless transport solutions, has announced a substantial agreement with a global integrator to support a network modernization project for a major Indian telecom operator. | Ceragon Networks has secured a significant contract with a global integrator to support a network modernization project for a major Indian telecom operator. |
Lithium Argentina, in partnership with Ganfeng Lithium Co, Ltd., is an emerging lithium carbonate producer, primarily for lithium-ion batteries and electric vehicles. | Lithium Argentina, in partnership with Ganfeng Lithium, is a growing lithium carbonate producer, primarily for lithium-ion batteries and electric vehicles. |
The company will invest Rs 630 crore in Mahindra Electric Automotive Limited through a subscription to a rights issue of shares of MEAL.The company has won for a project worth Rs 716 crore by Central Railways on an engineering, procurement, and construction basis. | Mahindra & Mahindra will invest Rs 630 crore in Mahindra Electric Automotive Limited through a rights issue of shares. The company has also won a project worth Rs 716 crore from Central Railways on an engineering, procurement, and construction basis. |
Albula Investment Fund on Friday sold shares of Swan Energy for Rs 157 crore through an open market transaction. According to the block deal data available with the National Stock Exchange NSE , Albula Investment Fund offloaded 30.24 lakh shares, amounting to a 1.14 per cent stake in Swan Energy. | Albula Investment Fund sold 30.24 lakh shares of Swan Energy for Rs 157 crore through an open market transaction on Friday, reducing its stake by 1.14%. |
The uptick in prices follows airstrikes carried out by the United States and the United Kingdom in Yemen. The precious metal's value is often seen as a barometer for geopolitical stability, and today's increase reflects concerns over the potential fallout from the military actions in Yemen. | Gold prices surged due to airstrikes in Yemen, reflecting concerns about geopolitical instability. |
Notable partnerships with industry giants such as Pfizer NYSE PFE , Novo Nordisk NYSE NVO , Merck NS PROR , and Boehringer Ingelheim have contributed to this growth, potentially bringing in over $1.2B in combined upfront research payments, fees, and milestone payments. | Partnerships with Pfizer, Novo Nordisk, Merck, and Boehringer Ingelheim have contributed to the company's growth, potentially bringing in over $1.2B in combined upfront research payments, fees, and milestone payments. |
Additionally, Occidental's chemical subsidiary, OxyChem, produces essential chemicals for various life-enhancing products. | Occidental's subsidiary, OxyChem, manufactures essential chemicals used in life-enhancing products. |
Other tech majors also advanced, with HCL Technologies Ltd NS HCLT , Tech Mahindra Ltd NS TEML , Tata Consultancy Services Ltd. NS TCS and Infosys Ltd NS INFY rising between 0.9 and 2.5 . Infosys and TCS had clocked better-than-feared earnings last week, while HCL s quarterly profit also beat expectations. | Tech majors like HCL Technologies, Tech Mahindra, TCS, and Infosys witnessed a rise in their stock prices, ranging from 0.9% to 2.5%, following better-than-expected earnings reports from Infosys and TCS, and HCL's quarterly profit exceeding expectations. |
Shares of these three companies will be listed on BSE and NSE. | Shares of three companies will be listed on both BSE and NSE. |
Moreover, the company's impressive gross profit margins, as seen in the recent quarter, align with an InvestingPro Tip highlighting the importance of robust margins in evaluating a company's financial health. With access to InvestingPro, investors can explore a wealth of financial metrics and expert insights, including 7 additional tips for W.P. Carey Inc., helping them make more informed decisions in the dynamic market landscape. As SemiLEDs Corporation navigates its fiscal year with a focus on reducing losses and improving margins, investors seeking a broader context for the company's performance may find additional insights through InvestingPro. InvestingPro Data shows that companies with strong revenue growth and the ability to maintain consistent dividend payments often appeal to investors. Investors looking for comprehensive analysis and additional InvestingPro Tips for companies like SemiLEDs can benefit from the InvestingPro platform. For those interested in an even better deal, use the coupon code ProW345 to get an additional 10 off a 2-year InvestingPro subscription. | W.P. Carey Inc. boasts impressive gross profit margins, highlighting the importance of robust margins for financial health. SemiLEDs Corporation focuses on reducing losses and improving margins, while InvestingPro offers insights and tips for both companies, including the significance of revenue growth and consistent dividend payments for investor appeal. |
Ad spending by Indian firms is expected to rise to as much as 10 for the year thanks to the festivities and upcoming matches, according to Karan Taurani, an analyst at Elara Securities India Pvt. | Indian firms' ad spending is projected to increase by 10% this year due to upcoming festivals and sporting events, as per Karan Taurani of Elara Securities India Pvt. |
In the Higginsville lithium district, Kali Metals has confirmed the presence of spodumene at Spargoville. | Kali Metals has confirmed the presence of spodumene at Spargoville in the Higginsville lithium district. |
This contrasts starkly with the U.S. market's projections, which include six prospective cuts. | The U.S. market anticipates six potential interest rate cuts, in contrast to the starkly different projections for other markets. |