Weekly Update(18th April,2022)

Weekly Update(18th April,2022)

Practus Practus

Practus

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Published Apr 18, 2022
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Agriculture & AgriTech

● Agri exports witnessed a surge of 20% to $50 billion in FY22

● Dutch Companies to Increase Focus on South Africa

Automotive

● Electric vehicle retail sales zoom over three-fold in the fiscal year 2022

● Tata Motors to use Ford’s plant to produce 200K electric cars every year

BFSI & FinTech

● Godrej Industries establishes Godrej Capital and invests $300 million investment 

● 5 reasons for fall in HDFC Bank share price, after merger announcement

● India's foreign exchange reserves fall for fifth straight week 

Chemicals & Plastics

● Lithium Price Drops for First Time in Eight Months Amid Covid Disruptions

● Prasol Chemicals files draft papers with Sebi; eyes up to $105 million via IPO

Education & EdTech

● UGC allows students to pursue two full-time academic programmes simultaneously

● WhiteHat Jr spends $285 million to earn $63.5 million in FY21

FMCG, Retail, & E-commerce

● ITC hits over 2-year high on strong earnings hope; up 25% thus far in 2022 

● LazyPay expands pay-later service into the quick-commerce sector

Health & Wellness

● Healthcare provider Medfin raises $15 million in Series B funding

● Health cover premiums shoot up as Covid-19 pandemic threat looms

IT & ITeS

● TCS Q4 Results: Profit rises 7% YoY; revenue up 16%

● Twitter adopts ‘poison pill’ plan to shield itself from Elon Musk's takeover

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Logistics & SCM

● Researchers forecast 16% growth in the last-mile delivery market during 2022-2025

● China lockdowns worry businesses as shipping uncertainty grows

Manufacturing & Engineering

● MG Motor India to invest $520 million for a second manufacturing plant 

● US factory output rises more than forecast in broad advance

Media, Entertainment & Gaming

● SS Rajamouli’s RRR becomes the third Indian film to cross the $130 million mark globally! 

● Twitter Adopts 'Poison Pill' To Ward Off Elon Musk Takeover

Pharma & Biotech

● Glenmark Pharma gets the nod for phase 1 trial of the novel molecule 

● Pharmaceutical Solvents Market Is Anticipated to Reach US$ 5.29 Bn By The End Of 2030

Real Estate & Construction

● How fractional ownership is foraying into the Indian real estate space 

● Global Construction Equipment Rental Revenue Will Grow 1.6X from 2021 to 2031, Reaching Nearly US$ 176 Billion in 2031

Renewable Energy, Oil & Gas

● Cooking Gas Price In India Is Highest In The World As Per PPP Model; 3rd Highest For Petrol! 

● US to resume oil, gas drilling on public land despite Biden's campaign pledge

Textiles & Apparels

● Biba Apparels files papers for IPO to raise around $200 million

● Govt okays 61 firms for textiles PLI scheme, aims $2.5 billion investment

● Soaring cotton prices: Textile exporters left high and dry

Travel & Hospitality

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