ITD Cementation up over 6% on strong June quarter show, profit zooms 92%
Govt fast tracks visa approvals for China vendors to step up manufacturing
The Union government has introduced a streamlined, time-bound process for granting business visas to Chinese technicians involved in manufacturing projects, in response to complaints from the Indian industry.
The new guidelines from the Ministry of Home Affairs, effective from August 1, aim to expedite visa approvals for nationals from China and other countries sharing land borders with India, said a senior government official. Read more
IPM growth disappoints in July, says Elara Securities
>>India’s pharma market (IPM) grew 6.1 per cent Y-o-Y in July 2024, below street expectations of 8-11 per cent.
>>Volumes declined 0.3 per cent Y-o-Y and price increase contributed to growth.
>>Elara expects a pick-up in market growth rate.
>>Though, estimates domestic business growth for companies will underwhelm Street expectations.
>> The brokerage expects slight uptick in growth for IPM in FY25 compared with FY24 levels.
Gold price dips Rs 10 to Rs 69,260, silver falls Rs 100 to Rs 81,000
Gold Price Today:The price of 24-carat gold dipped Rs 10 in early trade on Wednesday, with ten grams of the precious metal trading at Rs 69,260, according to the GoodReturns website. The price of silver fell Rs 100, with one kilogram of the precious metal selling at Rs 81,900.
The price of 22-carat gold fell Rs 10, with ten grams of the yellow metal selling at Rs 63,490. Read more
