The weak April-June quarter (first quarter, or Q1) results of the largest listed specialty chemical maker, SRF, and multiple global headwinds for the sector are expected to weigh on the prospects of Indian specialty chemical companies in 2023-24 (FY24). Stocks in the sector (down 7-18 per cent) have underperformed the benchmarks (up over 10 per cent) in the past three months, and given the multiple challenges, the trend is likely to continue. Kotak Institutional Equities expects a very weak quarter (Q1FY24) for the sector due to destocking, demand weakness across certain critical end-use industries, and price erosion amid intense competition from Chinese suppliers.
The Vishwa Hindu Parishad will declare Gujarat a "Hindu state" by 2015 besides having its presence in all 18,000 villages of the state in the next two years, the outfit's leader Pravin Togadia claimed.
Delhi Metro, Yamuna-expressway and Tata Power's Mundra ultra mega power project in Gujarat are among the six ventures that have figured in the list of world's most innovative, impactful infrastructure projects prepared by international accounting firm KPMG.
Gujarat has accorded top priority to proper management of urban areas and cities of the state will be a role model for others in the country, Chief Minister Narendra Modi said.
Defence personnel will soon get 'ballistic protection' from Gujarat, as the Forensic Science Laboratory in Gandhinagar will be conducting tests for bullet-proof jackets and head gears used by the Indian Army.
Another major announcement that came was an MoU signed between GE and Hindustan Aeronautics Limited to jointly produce fighter jet engines for the Indian Air Force.
Iyer's comments highlight the changing dynamics of the game and how rules can impact team strategies and player selection.
'On the international platform, the prime minister is talking about freedom of speech and he should be ashamed of it'
From The New York Times to BBC and The Guardian to The Washington Post, the historic event in India's space programme on Wednesday made headlines across the globe.
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