FRESH START PRODUCE SALES INC
Bad taste for ‘aam aadmi’: How adulterated mangoes pose fresh headache for regulators, consumers
The use of banned chemicals to ripen fruits is prevalent despite penalties and laws. The ball is in the food safety regulator’s court.
Fundamental tailwinds are a stronger play than volatile markets? 5 Indian pharma stocks with upside potential of up to 31 %
There is no doubt that the market is going through a volatile phase and bears are once again telling the street to never write them off. Will this correction continue even longer ? It would probably be clear by the end of the day as the election result finally gets settled. Instead of focusing on how much nifty or bank nifty or any other index is down or up, focus on the fact that whether the sector or company is doing well and will it do well in future because the fundamental operating matrix of that sector has changed for better. Because volatile phases come and go, changes in the operating matrix don't happen every day. Pharmaceutical is one sector where there is a fundamental change taking place and it has happened after 8 to 10 years of restructuring and painful readjustment. So, it would be worthwhile to have them on watchlist and if the market remains volatile then it is a sector which probably has a higher probability of outperforming.
Cucumbers across 14 US states recalled due to possible contamination
Whole, fresh cucumbers have been recalled by a Florida-based producer as they may be contaminated with salmonella, a gram-negative bacteria, that can cause severe diseases.
They just happen to be listed in India, what matters to them is global developments: 5 stocks from two sectors with upside scope of up to 29%
In the last month of volatility, there are some sectors which have shown a streak of out performance. They haven't fallen as much as nifty and have been able to keep their head above the water even on the worst of days. The reason, their bottom lines are more correlated to what is happening in the country or the continent in which they have exposure both in terms of sales and in some cases in manufacturing. So, one way to take global exposure is to have a look at these companies, also it is a sort of diversification in terms of exposure to the underlying economy. Because they are operating at a global level, their balance sheets are good and in some cases, they have been able to enter amongst the top companies of the world in their sector.
India bankers brace for IPO surge as election uncertainty lifts
About $3.9 billion has been raised in India via IPOs so far this year, more than double the same period in 2023, and a tally that’s higher than the combined amount raised in South Korea and Hong Kong, according to data compiled by Bloomberg.
Google to make Pixel in Tamil Nadu, confirms MK Stalin; drones coming up next?
Alphabet Inc., led by Sundar Pichai, will produce its flagship smartphones in Tamil Nadu, announced Chief Minister MK Stalin. Partnering with Foxconn, they plan to manufacture Pixel phones and potentially drones. This move aligns with Google's 2023 announcement to manufacture Pixel 8 smartphones in India, following Apple and Samsung's production shifts.
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Deutsche Bahn invites fresh bids for €15 billion logistics arm
Deutsche Bahn AG has evaluated bids for DB Schenker. Companies such as CVC, Carlyle, DSV, Maersk, MSC, Bahri, ADQ are the potential buyers.
Why it’s so hard to track the fashion industry’s emissions
The fashion industry, responsible for 2% of global greenhouse gas emissions, struggles to reduce its carbon footprint.
Awfis sets Rs 364-383 price band for IPO
The company expects its differentiated business model, expanding presence in tier-1 and tier-2 cities and increasing demand from large enterprises and startups to help make its public listing a success and drive future growth, founder and managing director Amit Ramani told ET on the sidelines of a pre-IPO conference in Mumbai.
Ford losing $100,000 per every electric vehicle: Report
Ford Motor Co faces losses from electric vehicles, cutting orders and fast-tracking small EVs to compete with Tesla. CEO Jim Farley acknowledges challenges. Tesla, Elon Musk, and CFO John Lawler's comments on pricing pressure and EV costs are key. Ford focuses on hybrids, delays launches, and addresses quality issues.
The White House’s green trade war is just getting started
The latest US actions reflect a strategic shift in trade policy and considerations of carbon dumping, EU engagement, and national security implications.
US stocks edge up after 'mixed' producer inflation data, all eyes on CPI
Sticky inflation and persistent labour market strength have prompted financial markets and most economists to push back expectations for an initial Fed interest rate cut to September, from March seen at the start of the year.
Global chips battle intensifies with $81 billion subsidy surge
The concern over China’s rapid advances in key electronics turned into a full-scale panic during the pandemic because chip shortages emphasised the significance of these tiny devices for economic security.
Tariffs and timidity are driving US carmakers into a ditch
Biden's Inflation Reduction Act aims to boost the economy and shift to zero-emission cars. Ford, GM struggle with EV targets. Tesla cuts workforce, US EV sales rise modestly. Biden plans tariffs on Chinese clean tech, facing challenges ahead.
Jeff Bezos, Mark Zuckerberg lead the way in big tech insider stock sales
Almost a dozen executives and directors at the firms recently boosted their share sales, earning more than $160 million since late 2023 after not cutting their stakes in as long as nine years, according to data compiled by Bloomberg.
Vedanta shares rally 4% to hit fresh 1-year high. Here’s why
"At the moment, we have a plan to invest USD 20 billion across sectors in four years time," Agarwal said and the investments will be focused on technology, electronics, and glass businesses apart from the other activities that the group is engaged in.
China’s EV and solar exports are powering ahead as prices slide
All these numbers show why China’s factory capacity has quickly become the key faultline in a polarizing global economy.
Tesla woos China customers with cheaper cars after Musk defers India visit
Tesla Inc. has reduced vehicle prices in China amidst stiff competition. Tesla had earlier introduced incentives in China to attract consumers, countering competition from BYD. Musk meanwhile deferred his India visit, which was aimed to tap into a new market amid declining sales and stock prices.
What heat waves spell for India: Impact on RBI, biz, food & GDP
Weather experts warn of increasing heat waves in India, impacting daily life, business, and economy. With hotter temperatures forecasted, power demand is expected to rise, putting pressure on power generation and potentially leading to power cuts. Heat waves can also disrupt food production, impacting prices and rural demand, affecting GDP growth.
45-50% growth in Amul’s summer product categories likely this year: MD
Amul India navigates cocoa price surge impact by passing on costs to consumers. However, as Amul is still a value for money brand, it would pinch the consumers much. Partnerships with CAMPCO aid cocoa bean producers. Expansion into the US fresh milk market and focus on ice cream and beverage SKUs drive growth expectations of 45-50%.
Dubai’s ‘sustainable city’ was supposed to start a trend. It hasn’t yet
Seven years and 1.3 billion dirhams ($354 million) in construction costs later, only some parts of that claim have been realised.
Currency market subdued ahead of fresh US economic data
Tuesday's hotter-than-expected U.S. consumer price index (CPI) has re-ignited concern that inflation could remain sticky, leaving traders to reassess if the Fed will start cutting interest rates at its June meeting as previously expected.
China EV makers woo buyers with in-car beds, kitchens and drones
Chinese carmakers are adding innovative features to electric vehicles, including Xpeng's G9 SUV with a sleeping kit, Geely's Galaxy E8 sedan with a vibration feature, Li Auto's L-Series SUV with a rear-mounted kitchen, and BYD's Yangwang U8 with a drone. China-made vehicles prioritize technology and connectivity preferences.
View: India's EV revolution is spreading from auto rickshaws to motorbikes
India's urban landscape is rapidly evolving, especially in its bustling cities. A decade ago, the iconic auto-rickshaws were predominantly diesel-powered, with electric versions being a rare novelty. Fast forward to today, and Delhi leads the charge in transitioning to battery-powered three-wheelers, capturing 54% of the market. This shift is driven by the cost-effectiveness and efficiency of electric models, prompting even Uber's CEO to explore the trend. The financial allure of electric vehicles extends beyond three-wheelers, with manufacturers now eyeing the two-wheeler market. This shift, if replicated, could significantly impact India's oil demand, especially in the face of rising fuel prices.
These 26 companies saw over 25% drop in Q3 sales, PAT; are they still worth betting on?
Around 26 companies, with a market capitalisation of over Rs 2,500 crore, reported atleast 25% year-on-year (YoY) fall in both revenue and profits in the last quarter, and a majority of them were part of the chemicals and pesticides sector.
Adani starts talks for first dollar bond sale since Hindenburg
The conglomerate’s finances have drawn close scrutiny ever since Hindenburg Research accused it of fraud and stock manipulation, claims Adani has repeatedly denied. The bombshell report triggered a rout in the group’s shares and bonds, suggesting it would have to pay dearly when next raising capital.
Suits & Sayings: Unveiling the untold stories of India Inc. beyond business hours; here's a sneak peek
Here's an intriguing peek into the off-the-record activities of India Inc. after the working day concludes. Unveiling rumours, revelations, and anecdotes, this segment delves into the corporate world's after-hours dynamics, offering readers a glimpse into the unseen side of the business realm beyond the closed editions. It captures the hush-hush talks, choices, and banter that shape the twilight narratives of India's corporate elite.
More startups want to ‘flip’ back to India; SoftBank’s returns from listed firms
Startups are moving their overseas holding entities to India ahead of their forthcoming public listings, especially in the fintech sector which is governed by the country’s central bank regulations.
UP-based Gyan Dairy increases production to 15 lakh litres per day amid growing demand
The company has set up a state-of-the-art plant in GIDA Phase II, in Gorakhpur with a capacity of five lakh litres per day, at a cost of approximately Rs 120 crores. The plant is spread over an area of 20067 square meters. With the establishment of this plant, over 1800 direct and indirect employment have been generated and over 1 lakh cattle rearing families will be benefited.
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