Business
Shenzhen lockdown at risk of hit Indian cos
A lockdown in China’s tech and manufacturing hub Shenzhen will likely disrupt global supply chains and ship availability, causing a spike in freight rates and potentially affecting India’s steel companies, electronics assemblers and carmakers.China locked down 17 million residents of the tech hub after 66 cases of Covid infections were detected.”There will be a definite…
Business
Main person cos to proceed capex
Several leading consumer facing companies including Hindustan Unilever, Britannia, Voltas, Havells, Blue Star and Titan Company are going to continue their high capital expenditure (capex) and expansion this fiscal as that in FY23, senior executives told ET and analysts in recent earning calls.Much of the capex is ear-marked for new factories…
Business
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Business
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