JK Paper, led by Harsh Pati Singhania, is streamlining its corporate structure by merging several subsidiaries with itself. This move will consolidate its packaging business and increase the Singhania family's ownership to 53%. Enviro Tech Ventures, partially owned by the family, will also merge with JK Paper after divesting its agricultural interests.
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US industrial production fared much better than expected last month, the Federal Reserve said Friday, rising sharply as aircraft manufacturing rebounded after the end of a strike at Boeing. The Fed noted that "the resolution of a work stoppage at a major aircraft manufacturer" helped propel gains in the output of aircraft and parts, a reference to a recent strike at US aviation giant Boeing.
India experienced a dramatic 99% drop in Foreign Portfolio Investment (FPI) inflows in 2024, predominantly due to robust US economic performance and tightened Indian market conditions. Analysts highlight factors like India's high valuations and economic uncertainties. Despite this, domestic investor presence maintained market stability, while FPIs showed interest in long-term prospects.
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