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  • The Global Central Bankers could tighten a bit more to completely defeat inflation and keep it tamed for a long time. Global interest rate movement will have temporary adverse impact on India, but that will be quite temporary
  • The Government will hold discussions with national and international toy players as to how can toy exports be promoted from India.
  • IOC has also announced a JV with Sun Mobility PTE for battery swapping business.
  • Two consortiums IOC-Renew and HPCL-Acme are among the bidders for Germany’s around $985 million green hydrogen import tender.
  • Curateq Biologics Pvt Ltd, a wholly owned subsidiary of Aurobindo Pharma, has entered into an exclusive license agreement with the USA based BioFactura Inc, USA to commercialise BFI 751, a proposed biosimilar to Stelara. Stelara is a recombinant antibody which is used for treating Crohn’s disease, ulcerative colitis, plaque psoriasis and psoriatic arthritis.
  • JP Associates defaults on repayment of Rs 4044 crore loans.
  • The Government has introduced a differential Customs duty structure for the import of LPG into the country. State run companies supplying to domestic consumers will pay nil duty while private sector players will pay around 15% customs duty.
  • Diesel sales fell about 3.7% in June and petrol sales went up by about 3.4% in June.
  • Tata Motors will hike prices of passenger vehicles from July 17.
  • PMI manufacturin index softens to 57.8 in June from above 58 in May.
  • Harley Davidson’s cheapest entry in the Indian markets will begin at Rs 229000.
  • Torrent Power Limitd on Monday announced commencement of work on a project for blending green hydrogen with natural gas for City Gas Distribution network. The pilot project is based on alkaline electrolyser and will blend 2.5% GH2 into CGD network.
  • Large manufacturers are leveraging new age technologies and advanced analytics to improve productivity and reduce divations in production processes. Over the next decade, new technologies such as robotics, automation and advanced analytics, will shape how medicines are produced at large factories in India.
  • China will control exports of some metals widely used in the semiconductor industry, its commerce ministry announced on Monday, the latest salvo in an escalating war over access to high tech microchips between US and China.

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