Manufacturing
Turkey seeks to persuade Russia, Ukraine into grain deal to prevent food crisis
Ukraine is a major grain exporter to Africa and the Middle East. As the Russia-Ukraine conflict drags on, disruption to the shipments is pushing prices higher, fuelling an international shortage of food, Xinhua news agency reported. Meanwhile, international maritime insurance companies have placed the region on a "high risk" list, which would result in significantly higher shipping prices for agricultural products.
Nature of warfare changed, financial system being weaponised: Gavekal Research report
At this point, investors can adopt one of two stances -- the first might be described as "nothing to see here; move along", and the second is to accept that the world is changing rapidly, and that these changes will have deep and lasting impacts on financial markets. Russia's invasion of Ukraine may be telling the world that modern history's unipolar age is now well and truly over, it said.
Russia-Ukraine war could cause global recession: World Bank chief
Last month, the World Bank cut its global economic growth forecast for this year by almost a full percentage point, to 3.2 per cent. Malpass also said that many European countries were still too dependent on Russia for oil and gas. That's even as Western nations push ahead with plans to reduce their dependence on Russian energy.
Russia-Ukraine war increases financial stability risks: ECB
The ECB warned in a report on Wednesday that "vulnerabilities may increase" due to the uncertainties of the conflict and the shifting expectations of policy normalisation in advanced economies, reports Xinhua news agency. The war in Ukraine has brought "immense human suffering", ECB Vice President Luis de Guindos said.
BEL sees 9% turnover growth despite Covid challenge, profit Rs 2,349 cr
The defence public sector unit registered a turnover of Rs 15,044 crore in 2021-22 against Rs 13,818 crore in 2020-21, and Rs 2,349 crore profit after tax for this year against Rs 2,065 crore in the previous year.
World Economic Forum to tackle geo-economic challenges in Davos
The meeting, called "History at a Turning Point: Government Policies and Business Strategies," will be held in Davos, Switzerland, on May 22-26, Xinhua news agency reported. After a two-year gap due to the Covid-19 pandemic, followed by the Ukraine crisis and other geo-economic challenges, the meeting is taking place at a crucial point in time, the WEF said on Wednesday.
Russia forecasts 7.8% GDP contraction in 2022
Investment in fixed assets could nosedive by 19.4 per cent and the retail trade turnover may plummet by 8.7 per cent this year, a representative of the Ministry told reporters. The Ministry expected the unemployment rate to rise to 6.7 per cent from 4.8 per cent last year and the real disposable income of Russians to drop by 6.8 per cent this year, reports Xinhua news agency.
Brand Zenith to return with comprehensive product development, distribution strategy
According to sources, the brand is set to take a new leap of growth with a sound strategy in place and it is backed up with an exceptional resurrection plan duly supported by commensurate funds from an investing partner.
Indian consumer brands set to hike prices by 5-7% amid shipments delays
The electronics industry worldwide continues to face raw material shortage given the ongoing Covid situation in China. "In the near future, we do see a grim scenario in India if the current, 4-5 weeks delay in shipments continues," Avneet Singh Marwah, CEO of Super Plastronics Pvt. Ltd (SPPL), told IANS. "The shortage of raw materials has caused major instability in prices and as a company, we will also have to hike our prices by 5-7 per cent," he added.
Tinna Rubber hits upper circuit, investors accumulate 900% returns in year
To be precise, the shares rose 926 per cent in the past 12 months, exchange data showed. Reportedly, well-known investor Dolly Khanna is one of the investors in the company. Founded in 1977, Tinna Rubber and Infrastructure deals in footwear, agro commodities, among others, as per its website.
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