PRODUCT PROMOTION
Comm Min's export promotion mission may have 12-point plan to push exports, help MSME exporters
The commerce ministry's Export Promotion Mission (EPM), with a Rs 2,250 crore outlay, is set to launch with up to 12 components. These include easy credit schemes for MSMEs and e-commerce exporters, overseas warehousing facilitation, and global branding initiatives.
'Sharbat jihad' row: Delhi High Court says Baba Ramdev is 'not in control of anyone' & 'lives in his own world'
The Delhi High Court on Thursday expressed its intent to issue a contempt notice to Yoga guru Ramdev for allegedly defying its order to withdraw an advertisement targeting Hamdard’s product, Roof Afza. The court remarked that Baba Ramdev “lives in his own world” and appears “not in control of anyone.”
US, UK, Canada quiz India's SPECS scheme, sops at WTO
The US, UK, and Canada have raised concerns at the WTO regarding India's Make in India initiative and various subsidy programs. Questions were specifically directed towards the Scheme for Promotion of Manufacturing of Electronic Components and Semiconductors (SPECS), fisheries subsidies, and agricultural support. India has addressed some queries and promised further information on fish-related subsidies and state-level industrial incentives.
Corona Remedies files draft papers with Sebi for Rs 800 crore IPO
Corona Remedies, an Indian pharmaceutical company, has filed preliminary documents with SEBI to launch an Rs 800-crore IPO. The IPO consists entirely of an offer for sale by promoters and existing investors like Sepia Investments, Anchor Partners and Sage Investment Trust. The company focuses on developing, manufacturing, and marketing pharmaceutical formulations across various therapeutic areas, including women's healthcare and cardio-diabeto.
iSPEED: India launches Rs 145 crore rubber skilling and production boost drive
INROAD has launched iSPEED, a Rs 145 crore initiative, to benefit over 2 lakh smallholder rubber farmers in Northeastern states and West Bengal. The five-year project aims to enhance skills, deploy modern infrastructure, and improve quality standards. It includes setting up 3,000 smokehouses and installing 3,000 sheet rolling machines to boost rubber production and farmer incomes.
Piyush Goyal meets Norway's foreign minister Eide, discusses India-EFTA trade pact implementation
Commerce Minister Piyush Goyal and Norwegian Foreign Minister Espen Barth Eide discussed implementing the India-EFTA Trade and Economic Partnership Agreement, aiming to boost trade and investment. EFTA's commitment includes promoting USD 100 billion in FDI to India over 15 years, potentially creating 1 million jobs.
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India’s plastics exports grow 8% in FY 2024–25, reaching USD 12.5 billion: PLEXCONCIL
India's plastics exports surged by 8% in FY 2024-25, reaching USD 12.5 billion, driven by strong performances in plastic films, woven sacks, and floor coverings.
JM Financial maintains Buy on Maruti Suzuki India, lowers target price to Rs 13,300
JM Financial maintains a buy call on Maruti Suzuki, revising the target price to Rs 13,300 due to new plant costs and commodity headwinds. While Q4FY25 results showed revenue growth, margins were impacted. The brokerage anticipates volume growth and new model launches, but has lowered revenue and EPS estimates for FY26E/FY27E.
Buy G R Infraprojects, target price Rs 1,166: Axis Securities
Axis Securities recommends a Buy for G R Infraprojects, setting a target price of Rs 1,166, indicating a 10% upside. The company's financials show a consolidated total income of Rs 1797.38 crore for the latest quarter. G R Infraprojects anticipates strong order intake across multiple sectors, including railways and T&D, supported by a robust bidding pipeline.
I-Sec maintains Buy on IDFC First Bank, raises target price to Rs 80
ICICI Securities maintains a Buy call on IDFC First Bank, revising the target price to Rs 80. The bank's Q4FY25 PAT was impacted by elevated provisioning, though funded assets and deposits showed strong YoY growth. While NIM declined slightly, MFI slippages are expected to have peaked, with ICICI Securities anticipating RoA to reach 1% by the end of FY26E.
Buy DCB Bank, target price Rs 160: Axis Securities
Axis Securities suggests buying DCB Bank shares. The target price is one hundred sixty rupees. The current market price is around one hundred thirty nine rupees. The bank's income increased significantly this quarter. They anticipate strong growth for DCB Bank. Axis Securities projects credit and deposit growth. The brokerage firm expects gradual improvement in net interest margins.
India ready to collaborate openly to build inclusive global energy future: Hardeep Singh Puri
Union Minister Hardeep Singh Puri stated India's commitment to an inclusive global energy future through open collaboration, highlighting the India-Middle East-Europe Economic Corridor (IMEC) as a key initiative. IMEC aims to integrate energy, trade, and digital infrastructure, fostering clean energy solutions.
'Criminal Justice' coming soon on OTT: When and where to watch Pankaj Tripathi's legal thriller
Pankaj Tripathi is set to return as Madhav Mishra in the fourth season of Criminal Justice, titled A Family Matter. The teaser, released on April 29, 2025, hints at a complex and emotionally charged case. The new season is scheduled to premiere on JioHotstar on May 22, 2025, featuring a talented cast including Surveen Chawla and Mohammed Zeeshan Ayyub.
US again puts India on 'priority watch list' for alleged IP rights' violations
The United States has once again put India on its priority watch list. This is due to ongoing concerns about intellectual property protection. The US Trade Representative's report highlights inconsistencies in India's progress. Patent issues, long waiting periods, and interpretation of the Indian Patents Act are key concerns. Despite efforts, overall IP enforcement in India remains inadequate.
The plastic in your home could literally be putting your heart at risk and here's how to avoid it
A recent study links phthalates, chemicals prevalent in everyday items, to a significant number of heart disease deaths globally. The research, focusing on DEHP exposure, estimates over 368,000 deaths in 2018 among individuals aged 55-64. Experts recommend reducing phthalate exposure by avoiding certain plastics and fragranced products, and opting for fresh foods and alternative storage containers.
Low labour productivity and gaps in high-tech infrastructure holding back India's export potential: Report
India is diversifying exports with FTAs. The Purchasing Managers' Index leads in Asia. Positive sentiment is seen across manufacturing parameters.
Buy Axis Bank., target price Rs 1,330: JM Financial
JM Financial reaffirms a 'Buy' call on Axis Bank, raising the target price to Rs 1,330. Axis Bank's recent quarter showcased a consolidated total income of Rs 39958.04 crore, reflecting growth from both the previous quarter and the prior year. The bank reported a net profit after tax of Rs 7475.13 crore.
I-Sec maintains Hold on Nestle India, raises target price to Rs 2,350
ICICI Securities has reiterated its 'Hold' rating for Nestle India, adjusting the target price to Rs 2,350. The brokerage projects a revenue CAGR of 11% and PAT CAGR of 17% over FY25-26E. While demand recovery poses an upside risk, rising raw material costs present a downside risk to the company's performance.
Amitesh Kumar Sinha appointed new CEO of India Semiconductor Mission
Amitesh Kumar Sinha, Additional Secretary at MeitY, has been reappointed CEO of the India Semiconductor Mission. With experience in electronics policy and incentives, his leadership comes as India prepares for ISM’s second phase. He also recently served as Bengaluru DRM.
Workday to establish GCC in Chennai with Rs 220 crore investment
Tamil Nadu industries minister TRB Rajaa said on Monday that an MoU has been signed between the Fortune 500 company and Guidance, the state's investment promotion agency, to establish this centre in the state capital. The GCC is expected to create up to 3,000 jobs.
Govt sets up inter-ministerial committee to frame broad contours of national manufacturing mission
The government is planning a national manufacturing mission. An inter-ministerial committee has been formed for this. Niti Aayog CEO B V R Subrahmanyam chairs the committee. The mission aims to boost the Make in India initiative. It will focus on ease of doing business and workforce readiness. MSME sector development and technology availability are also priorities.
UP aims to triple exports to Rs 5 lakh cr in next five years with help of new policy
Uttar Pradesh is formulating a new export policy for 2025-30, aiming to triple outbound shipments to over Rs 5 lakh crore in five years. The policy includes capital subsidies, sops for exporters, and a dedicated export promotion fund. It seeks to boost UP's contribution to India's overall exports by incentivizing infrastructure development and providing financial assistance for export-related activities.
Reduce HCL Technologies, target price Rs 1,390: ICICI Securities
ICICI Securities has a 'reduce' call on HCL Technologies, setting a target price of Rs 1390 against the current market price of Rs 1586.9. While Q4 deal TCV was strong at USD 2.995bn, the brokerage anticipates weakness in retail and manufacturing sectors. They have cut FY26E/FY27E EPS estimates due to lower revenue expectations.
Is your promotion a trap? The Peter Principle reveals how employees can rise to a level of incompetence and identity crisis
The Peter Principle asserts that employees are often promoted to their level of incompetence, where their skills no longer align with new responsibilities. This phenomenon leads to inefficiencies and identity crises, as individuals struggle in roles they are unprepared for. Addressing this requires promoting based on leadership potential, not just past success, and providing adequate training.
Multibagger or IBC (Series: AA 125), Part 3: Inside a powerhouse with R&D capabilities
Here is an excerpt from the 2018-19 annual report of the company: “We have completed development of Traction Motor and Controller with prototypes ready for [EV] 2-wheelers and work is in the development stage for [EV] 3-wheelers.” Five years later, the 2023-24 annual report attests to the fact it was not all tall talk: “Our EV product lineup includes Traction Motors, Controllers, Chargers, BMS and DC-DC converters, with a focus on lightweight technologies and enhanced system efficiency.” A wide array of products and a geographical spread in terms of clients are the strengths of this company that was prepared before its peers for the EV transformation.
Cooperation ministry signs MoU with Swiggy Instamart to market cooperative products
The cooperation ministry has partnered with Swiggy Instamart to bring cooperative dairy and organic products to the quick commerce platforms. This collaboration will enable cooperatives to reach new customers through technology, with Swiggy creating a dedicated "Cooperative" category featuring products made by cooperative organisations.
Centre to unveil Rs 255 crore worth of fisheries projects at coastal states meet on April 28
Union Minister Rajiv Ranjan Singh will inaugurate projects worth Rs 255.30 crore under PMMSY in Mumbai, benefiting seven coastal states and UTs. Key initiatives like Marine Fisheries Census, TED project, and Vessel Communication SOP will be launched. The event will also recognize outstanding cooperatives and distribute Aqua Insurance certificates and Kisan Credit Cards.
Uttar Pradesh sets ambitious target to triple exports by 2030
The Uttar Pradesh (UP) government has set an ambitious target of tripling its export by 2030, as the ongoing tariff war between the United States and China has provided an opportunity for the state, an official statement by the state said on Saturday.
Honasa Consumer & HUL settle ad dispute: Lakme sunscreen campaign modified after court intervention
Honasa Consumer and Hindustan Unilever (HUL) have settled their dispute in the Delhi High Court regarding an allegedly disparaging advertisement for Lakme sunscreen. HUL has agreed to modify the ad, removing specific references to Honasa's The Derma Co sunscreen. The court has accepted HUL's undertaking and allowed the modified advertisement to continue.
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