UBS REPORT ON INDIA’S GROWTH SLOWDOWN: A SIMPLIFIED EXPLAINER 1. For the first time in decades, a leading global investment bank has used the words “There are structural aspects to India’s growth slowdown.” These “structural aspects” cannot be termed temporary or cyclical, UBS

UBS Says Structural Slowdown UBS Group AG is recommending investors should short India’s rupee and go underweight on the country’s stocks amid slowing economic growth, Bloomberg is reporting. The bank’s research group said India’s $4 trillion economy has entered a structural

Yuval Noah Harari: it is the first time in human history that no one knows what the future will look like in 20 years

Deep Industries Ltd has been awarded a Letter of Award from Oil & Natural Gas Corporation Ltd for the hiring of services for a skid-mounted modular gas separation system Order size ~₹63 Cr

Shakti Pumps (India) Ltd has received an order from Jharkhand Renewable Energy Development Agency for 400 SWPS under the PM-KUSUM scheme Order size ~₹9.4 Cr

JSW Energy Ltd JSW Renew Energy Twenty Ltd (subsidiary) has signed a Power Purchase Agreement with Bangalore Electricity Supply Company Ltd for a 300 MW solar project in Karnataka, awarded by KREDL Tariff - ₹2.89/KWh until FY 2044

JSW Neo Energy Ltd, a subsidiary of JSW Energy, has received a Letter of Award for a 300 MW ISTS-connected Wind-Solar Hybrid Power Project from NTPC Ltd

Kavveri Telecom Products Ltd has received an order for radio frequency products & antennas under the 'Make in India' initiative. Order size ~₹10.9 Cr, to be executed during Q2/Q3 FY25

Glenmark Pharmaceuticals Ltd Glenmark Therapeutics Inc, USA has launched Olopatadine Hydrochloride Ophthalmic Solution USP, 0.1% (OTC), a similar ingredient to Pataday Twice Daily Relief Estimated market size ~$26.4 million

Veranda Learning to partner with Jumeira University Connect to introduce a Chartered Accountancy (CA) preparation course in UAE

Marine Electricals Narhari Engineering Works (subsidiary) plans to expand its manufacturing facility to build both Naval & Marine motors up to 1MW & Naval & Marine application alternators in a new facility in Palghar Narhari specializes in custom shock-graded motors

NGL Fine-Chem Ltd has received a Certificate of Suitability from the European Directorate for the Quality of Medicines & Healthcare, enabling European customers to use their FLUNIXIN MEGLUMINE

Zen Technologies Ltd has received a patent for 'Mine Detection System' - uses GPS/GIS technology to plot & record mine coordinates in Lat/Long & Military Grid in Defense Series Maps (DSM) - comes with handheld devices for safe mine laying & retrieval, even at night

Mishra Dhatu Nigam Ltd (MIDHANI) has secured an order of ~₹285 Cr Total open order of MIDHANI ~₹2,098 Cr

DCM Shriram has commissioned a 52,500 TPA Hydrogen Peroxide plant at its Chemical complex in Jhagadia, Gujarat Hydrogen Peroxide has various applications, including bleaching, water treatment, chemical synthesis, food processing, mining & environmental

Vishnu Chemicals Ltd has to acquire a 100% equity stake in Jayansree Pharma Pvt Ltd (JPPL) at an enterprise value of ~₹52 Cr JPPL will become a wholly-owned subsidiary, boosting Vishnu Chemicals' fixed assets by ~₹80 Cr

Sequent Scientific Ltd has received prequalification approval from the World Health Organization (WHO) for its Albendazole API The approval comes in partnership with Mepro Pharmaceuticals Pvt Ltd, which has developed & commercialized the Albendazole Chewable formulation

IndusInd Bank has received approval from the Reserve Bank of India for establishment of a subsidiary to manage Mutual Fund's asset management business

The Traffic Lights are flashing Orange. Covid was a dip in Ganges for Indian lenders. Losses got provided for and capital raised. The beauty of any problem dealing with money is there is no problem that more money can’t solve. Post Covid lenders with clean portfolios and

Brigade Group to partner with abCoffee to establish 6 outlets in its Bengaluru office spaces to improve the tenant experience by offering high-quality, affordable coffee & food