Posts

War, Covid curbs give auto, electronics companies double blow

Image
While the situation has worsened an already crippled supply chain, it has also increased freight rates that now threaten to push up their costs. Freight rates are currently two to five times the pre-Covid levels, said auto industry insiders. With most countries lifting pandemic-related restrictions, the rates were expected to come down, but the war has changed the scenario. In the past 28 days alone, the cost of air freight has increased 8-10%. from Industry-Economic Times Read The Rest:economictimes...
Post a Comment
Read more

Shell frontrunner in race to acquire Actis' Sprng Energy

Image
​​The final six also included Adani Group, Canadian pension fund CPP Investment Board (CPPIB), ArcelorMittal and Australia's infra-focussed fund Macquarie but none of the four submitted a formal offer on March 15, the deadline for the bid. from Industry-Economic Times Read The Rest:economictimes...
Post a Comment
Read more

Novavax says its COVID vaccine gets India authorisation for teens

Image
Covovax is the fourth COVID-19 vaccine to be authorised for adolescents aged 12 years and older in India after Biological E's Corbevax, Zydus Cadila's ZyCoV-D and Bharat Biotech's Covaxin. from Industry-Economic Times Read The Rest:economictimes...
Post a Comment
Read more