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BloombergQuint | Latest and Live Business, Market, Political and Economy News
23.04.2024
Gold extended losses after its biggest daily decline in almost two years, with easing tension in the Middle East and signs the Federal Reserve will keep rates higher for longer crimping demand.
Shares of HPL Electric & Power Ltd. surged over two-month high to hit the 10% upper circuit on Tuesday after it launched a brand new consumer electrical product. The company launched HPL Fans on Monday in Middle East, Africa, and SAARC countries. Customers can start booking the product through its website, according to an exchange filing.
Economic growth across India's private sector continued to strengthen in April, rising to the highest since June 2010, according to the HSBC Flash India PMI data. Rising from 61.8 in March to 62.2 in April, the headline HSBC Flash India Composite PMI Output indicated the fastest rate of growth in aggregate business activity since mid-2010. The manufacturing industry led the latest upturn, with sustained increases in new orders adding pressure on the capacity of manufacturing and service firms.
We visited Navneet Education Ltd.’s manufacturing plant at Khaniwade in Palghar district of Maharashtra. The plant is spread across six acres and had ~100 tons of paper inventory. Predominantly, stationary products get manufactured (paper & non-paper) at the plant while some area is dedicated for storage of publication books. In the ensuing discussion post plant visit, Navneet Education revealed it is still awaiting curriculum change announcement schedule for FY25E