India winning global manufacturing battle, BCG report shows impact of supply chains shifting away from China
India has emerged as a winner in global manufacturing, with its exports to the US increasing by $23 billion, a 44% rise from 2018 to 2022. In contrast, China experienced a 10% decline in exports to the US during the same period. This shift in manufacturing and sourcing occurred due to trade wars, the pandemic, […]
Diplomatic row with Canada unlikely to impact India’s lentil imports
India’s diplomatic dispute with Canada is unlikely to affect its lentil imports as the country has diversified its sources and is no longer heavily reliant on one country. India has already imported a significant amount of lentils from Canada, and with the recent exemption of lentils from the US, there are no expected supply issues.
IBBI changes its norms to simplify registration of IPs
Through the latest changes, the IBBI has introduced a common application form for both enrolment and registration processes. It has also set a timeline of 60 days for the approval of the unified application (for enrolment) by the insolvency professional agency (IPA) and of 30 days for forwarding the application (for registration) to the regulator.
Onion traders in Nashik district go on indefinite strike, suspend auctions; minister warns action
Onion traders in Nashik, Maharashtra, have suspended auctions indefinitely in protest against the government’s decision to increase export duty on onions. The move has raised concerns about a shortage of onions and an increase in prices. Traders are demanding the cancellation of export duty, a reduction in market fees, and subsidies for transportation. Last month, […]
Breakout Stocks: How Blue Star, SJVN and Alembic Pharma are looking on charts for Thursday’s trade
Stocks that were in focus on Wednesday include names like Blue Star that gained over 13% to hit a new high, SJVN that rose nearly 7%, and Alembic Pharma which hit a fresh 52-week high, pared gains and closed with a loss of over 1%
RBI asks CICs to prepare data quality index for commercial, microfinance segments
In June 2014, the RBI had issued directions for setting out a common Data Quality Index (DQI) for assessing the quality of data submissions by Credit Institutions (CIs) to CICs, and improving them over a period of time. Currently, the DQI is being used for data submitted under the consumer segment.
PE-VC investments increase to USD 5.2 billion in August as large deals shoot up
The investments are more than double of the USD 2.3 billion witnessed in August 2022, even though the number of transactions has declined from 32 in the year-ago period, as per the monthly report by industry lobby grouping Indian Private Equity and Venture Capital Association (IVCA) and consultancy firm EY. The consultancy firm’s partner Vivek […]
4 FMCG stocks touched their 52-week high, gaining up to 45% in a month
In Wednesday’s trading session, the Sensex experienced a decline of approximately 796 points, ultimately settling at 66,800. Despite this significant market downturn, four stocks from the BSE FMCG index managed to attain their highest prices in the past 52 weeks. The 52-week high is of great importance to certain traders and investors because it serves […]
Tech View: Nifty hinting at short-term top reversal. What traders should do on Thursday
Having moved below the immediate support of the 10-day EMA at 19,940 levels now, the market is expected to slide down to the lower 20-day EMA around 19,780 levels in the coming sessions, according to analysts.
Digikore Studios SME IPO to open next week. Will ‘Stranger Things’ magic work?
Digikore Studios IPO will run between September 25-27 for which it has fixed a price band of Rs 168-171 per equity share. The IPO comprises a total of 17,82,400 equity shares, including a fresh issue of 1,260,800 equity shares and an offer for sale (OFS) of 5,21,600 equity shares.