The momentum in the stock may continue given the sustained revival in the auto volumes. Synopsis The Bengaluru headquartered auto supplier derives 82% of revenue from the sales of cables used in park brake, clutch, and starter and the remaining from halogen bulbs. ET Intelligence Group: The stock of Suprajit Engineering has gained 25% in … Read more
Opec@60: Once an American foe, now a friendFounded in Baghdad on Sept. 14, 1960 to counter the power of seven U.S. and British oil companies, OPEC has repeatedly yielded to pressure from Washington to pump more oil since US President Donald Trump took office at the start of 2017. Source link
NEW DELHI: Imports of furniture, toys and sports goods are likely to require licences soon, a measure the government hopes will reduce imports and encourage domestic production, said people with knowledge of the matter. India has already imposed licensing requirements for tyres and colour TV imports, a big percentage of which comes from China. The … Read more
New Delhi: The government is finalising a proposal to set up an Electronics Commission in the country to push electronics’ manufacturing as it eyes reducing its import dependence on China. The commission will work towards removing roadblocks in manufacturing of electronics and hand holding the companies to steer growth of the sector. Electronics import is … Read more