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| 04 July, 2024, 07:56 PM IST | Today's ePaper
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    GLASS FIBRE

    India initiates anti-dumping probe into import of Chinese lift guide rails

    India has launched an anti-dumping probe into Chinese lift guide rails. The move comes after a complaint from a domestic company, and aims to safeguard local industry from low-cost imports. The investigation, led by the Directorate General of Trade Remedies, targets 'T-Shaped Elevator/Lift Guide Rails and Counterweight Guide Rails.' If proven, anti-dumping duties may be imposed by the finance ministry to protect domestic players in accordance with WTO regulations.

    India initiates anti-dumping probe into import of glass fibre from China, Thailand, Bahrain

    India has launched an anti-dumping investigation into the import of glass fibre from China, Thailand, and Bahrain in response to a complaint by a local manufacturer. The probe, led by the Directorate General of Trade Remedies (DGTR) under the commerce ministry, aims to safeguard domestic industries from inexpensive imports. Owens-Corning (India) has filed for this investigation, citing potential harm to the domestic market and proposing anti-dumping duties on these imports.

    A look inside Corning’s plans for Tamil Nadu facility

    Gorilla glass maker Corning, a key supplier of Apple, will begin production out of its Tamil Nadu facility in the second half of 2025, vice president and general manager David Velasquez told ET in an exclusive interaction. Velasquez was speaking ahead of the company's ground-breaking ceremony for India's first cover glass finishing facility near Chennai on Tuesday.

    Finolex Cables to more than double optic fibre cable capacity for Rs 580 cr investment

    Finolex Cables has an existing capacity of 4 million fibre km per year which will touch 10 million fibre km per year after the commissioning of the new plant. The new plant will be solely catering to fibre optic cables, the company said in a statement.

    Selectively bullish: 6 midcap stocks with right levels of RoE and upside scope of up to 38%

    For all those who are rattled by what happened in the last few weeks to mid-cap stocks in their portfolio, they all should remember one simple principle, mid-cap stocks are risky bets and they should be aware of the risks while buying them. Anyone who has any doubt should look at three months, October 2021, June 2022 and April 2023. The first date is when small and midcap stocks were at their peak and the second i.e. June 2022 is when they were at their lowest. In just nine months a number of them lost all the gains they had made in two years in the covid rally. So while buying mid-cap stocks it would be better to apply more filters. Refinitiv’s Stock Report Plus lists stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy".

    Corning, SGD Pharma to set up glass tubing and vials unit in Telangana

    The investment would be "significant" in the range of "tens of millions of dollars", the companies said, but did not disclose any specific numbers, including proposed capacities, citing "confidentiality". The JV will combine SGD Pharma's vial-converting expertise with Corning's velocity vial platform. It intends to localise the supply chains and enable easier adoption of the technology by pharma customers.

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