Rising geopolitical tensions and conflicts in Europe have created a booming demand for arms, yet the European industry faces significant challenges, including a lack of production capacity and political hesitance to increase military spending. Traditional defense companies struggle to adapt to modern warfare needs, while innovative start-ups are emerging as potential leaders in the sector, leveraging new technologies to meet current demands more effectively.
Godrej Properties has increased the size of its Qualified Institutional Placement (QIP) to Rs 6,000 crore, up from the previously planned Rs 4,000 crore, as reported by CNBC-TV18. This move reflects the company's strategy to enhance its capital base for future growth initiatives.
GCash, the largest fintech platform in the Philippines, is considering an initial public offering (IPO) in Manila, aiming to raise between $1 billion and $1.5 billion. The company plans to list in the second half of 2025, which could mark the largest IPO in Philippine history.
Hindustan Unilever (HUL) plans to spin off its ice cream business, aiming for a separate listing to enhance value discovery. This strategic move is expected to attract interest from domestic and international players, while also allowing HUL to focus on its core portfolio amidst a favorable medium-term outlook.
Colgate Palmolive (India) shares rose 3% following the annual analyst meet, reflecting a 38% gain over the past year. The company aims to boost volumes and per capita consumption, focusing on urban markets and rural awareness initiatives, while brokerages project mid to high single-digit volume growth amid a balanced strategy of volume, mix, and price.
Farmers in Rajasthan have sown rabi crops over 8.65 million hectares, an 8% increase from last year. Notable rises include wheat acreage, up 28.6% to 1.85 million hectares, and chana, up 12.8% to 1.85 million hectares. However, oilseed acreage has decreased to 3.25 million hectares from 3.51 million hectares.
The child care market is projected to grow from USD 59.87 billion in 2023 to USD 88.22 billion by 2033, at a CAGR of 4.3%. The health insurance market is expected to expand from USD 1.78 trillion in 2024 to USD 3.63 trillion by 2034, growing at 7.4%. Other sectors, including clinical trials and pharmaceutical CDMO, are also set for significant growth, reflecting a broader trend in healthcare innovation and demand.
Chinese auto part manufacturers, especially those with North American plants, are expected to face limited disruptions from potential U.S. tariffs on Mexico. UBS analysts indicate that U.S. manufacturers' reliance on Chinese firms will make it challenging to find alternatives, allowing for shared tariff costs. Companies like Fuyao Glass and Huizhou Desay SV Automotive are well-positioned to mitigate risks, with Fuyao planning to expand its U.S. capacity and Desay having limited exposure to Mexico.
04:25 28.11.2024
The government is developing a comprehensive package for the aviation sector aimed at reducing user charges, easing regulations, and providing tax concessions. Led by Niti Aayog, the initiative involves multiple ministries focusing on regulatory relaxations, foreign investment attraction, and sustainability norms, while also enhancing immigration and security protocols. State governments are expected to support the development of regional airports.
The Indian economy is experiencing a slowdown, significantly impacting corporate profits in the second quarter of the financial year. Factors such as severe rains and an astrologically inauspicious period have led to deferred large purchases and stalled new ventures, contributing to a challenging environment for companies. Despite this, there has been an increase in return on capital employed (ROCE).
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