Plastic wrap, cardboard contain chemicals linked to breast cancer: Study
A recent study has found 200 chemicals in food packaging that may lead to breast cancer, urging preventive measures. Published in Frontiers of Toxicology, the research highlights significant risks from everyday items like plastic and cardboard. Key Points
India TodayJG chemicals IPO listing date today. Here's what GMP, experts say on share debut
JG chemicals IPO expected to list flat to muted at ₹221 per share due to subscription demand from all investors. Analyst advises cautious investors to book profit on listing day. Key Points
mintJG chemicals IPO: Issue oversubscribed on day 2 led by retail investors, NIIs; check GMP
JG chemicals IPO price band set at ₹210-221 per share. The company raised ₹75.35 crore from anchor investors. It is India's largest zinc oxide manufacturer with a strong market presence globally. Key Points
mintJG chemicals IPO opens for subscription. Should you bid?
The IPO of JG chemicals opened for subscription. It includes a fresh equity issue and an offer for sale. The proceeds will be used for investment in its material subsidiary, debt repayment, capex, working capital, and general corporate purposes. Key Points
Economic TimesAPAC chemicals sector navigates toward recovery amidst destocking shift: Fitch Ratings
New Delhi [India], December 18 (ANI): Fitch Ratings anticipates a gradual recovery for rated APAC chemicals companies as they approach the end of the destocking cycle, signalling positive revenue growth in the years 2024-2025. According to Fitch Ratings, this outlook suggests a potential upturn in the financial profiles of these entities. Show Full Article The […] Key Points
ThePrint
RP-Sanjiv Goenka, Bain Capital, Dorf Ketal in race to buy Aquapharm
Aquapharm is a specialty chemical manufacturer and offers a range of products from phosphonates to pharmaceutical intermediaries. It deals in several industries such as textile, leather, water treatment, pharmaceuticals, and paper. A significant portion of its business comes from exports to Europe and North America, and it has subsidiaries in Saudi Arabia, Hong Kong, Europe, and the US. Key Points
Economic TimesPunjab Chemical hit 52-week-low after reporting 83% fall in Q4 net profit, revenue slips 24%
During today's closing session, the market capitalization of the small-cap company Punjab chemicals and Crop Protection was ₹923.59 Cr. Key Points
mintSpecialty chemical stock records 25% PAT growth in Q4, Board declares dividend: Do you own?
Vishnu chemicals is a small cap company recorded a market cap of ₹1,911.36 Cr during today's closing. Key Points
mintWhy specialty chemicals and sustainable solutions will be the way forward for Indian exporters
While India is the sixth-largest producer of chemicals globally, it ranks 14th in chemical exports, excluding pharmaceuticals, contributing only 2.5% to global chemical sales. Key Points
Economic TimesAuro Impex & chemicals IPO: Issue subscribed over 66 times; Check allotment date, GMP, other details here
Auro Impex & chemicals IPO received 50.72 times subscription in the retail category, 31.67 times in QIB, while the Non-Institutional Investors category was subscribed 104.05 times. Key Points
mint
After uproar over hike in Budget, govt reverts to 10% customs duty on lab chemicals, with 1 condition
The condition is that importers now have to give an undertaking that they will only supply labs. How this affects the supply chain remains to be seen. Key Points
ThePrintGovernment plans PLI scheme for basic chemicals used in pharma, other industries: Mansukh Mandaviya
Chemicals and Fertilisers Minister Mansukh Mandaviya announced plans to bring a PLI scheme for basic chemicals to make the country self-reliant and ensure affordability in the agro-chemicals, petro-chemicals, and pharmaceutical active pharmaceutical ingredient (API) industries. Mandaviya stressed the need for research and development in the field and asked MSMEs to use the government's open facilities. Key Points
Economic TimesThis BSE500 stock turns Rs 10,000 to Rs 7 lakh in just 10 years
Chemicals company Alkyl Amines chemicals has seen its shares increase 7,500% over the past decade, with a 366% rise in the past three years alone. The company, which has a market cap of about INR124.8bn ($1.68bn) manufactures amines and amine-based chemicals, used in pharmaceutical, agrochemical, rubber chemical and water treatment industries. Its shares currently have a price-to-earnings ratio of 55. However, technical analysts suggest the shares are currently underperforming, are indicating a downtrend, and advise refraining from fresh buying positions and setting a stop loss at INR2,260. Key Points
Economic TimesPuri: Demand for chemicals to hit $1 trn by 2040
The Indian chemicals and petrochemical sector, with a current market size of $190 billion, is growing at a rate of 1.2-1.5 times the GDP. Key Points
FinancialexpressThe Filthy Truth About Your Tap Water
The US is proposing bold action to clean thousands of “forever chemicals” out of drinking water. It’s long overdue. Key Points
WIRED
The Ohio Derailment Lays Bare the Hellish Plastic Crisis
Events in East Palestine are a stark reminder that plastic is destroying the planet. From its production to its use to its disposal, the stuff is a poison. Key Points
WIREDSRF, GFCL, Deepak Nitrite, Tata chemicals and Navin Fluorine: How have they fared and which stock to buy?
The speciality chemicals sector experienced varying revenue growth in the fourth quarter, with some companies reporting strong performance in value-added products while others faced challenges in commoditized product lines. Capex investments continue to be significant as companies expand their capacities and add new product lines. Key Points
The Hindu3M reaches tentative $10 billion pollution settlement with US cities, Bloomberg reports
3M Co has struck a tentative settlement of at least $10 billion with a host of U.S. cities and towns to resolve water pollution claims tied to "forever chemicals," Bloomberg News reported on Friday, citing people familiar with the matter. Key Points
ReutersDividend stock 2023: Rashtriya chemicals & Fertilizers (RCF) shares to trade ex-dividend today
Dividend stock 2023: Rashtriya chemicals & Fertilizers Ltd (RCF) board has approved a dividend of ₹3.70 per equity share translating a dividend yield of 3.46% Key Points
mintJapanese chemicals company sees potential niche in EUV chip making materials
Osaka Organic Chemical Industry (4187.T), a Japanese manufacturer of high-end chemicals used in chip production, is betting on the materials market for extreme ultraviolet (EUV) lithography, a method for making advanced chips. Key Points
Reuters
Paragon Fine and Speciality chemicals IPO opens October 26, price band set at ₹95-100 apiece. Check GMP, other details
Paragon Fine And Speciality chemicals IPO opens on October 26 and closes on October 30. Paragon Fine And Speciality chemicals IPO is a fresh issue worth ₹51.66 crore. Key Points
mintGovt targeting $500 bn exports from 10-11 sectors by 2030: Official
The Indian government aims to boost domestic manufacturing and increase exports to USD 500 billion by 2030 from 10-11 sectors, including automobiles, pharma, textiles, medical devices, and chemicals. The Commerce and Industry Ministry held a meeting to discuss these issues, which were discussed during the Chintan Shivir for Manufacturing. The 11 sectors include auto components, automobiles, capital goods, chemicals, drones, medical devices, aerospace and defense, leather and footwear, textiles, and space. Key Points
Economic TimesSoon, farms to have sensors to track efficient use of resources
The government is planning installation of sensors in farms to track use of water, fertilisers, chemicals and pesticides to bring about more efficiency in their usage. It has begun work on smart farming, on the lines of the just announced drone scheme, said officials. Key Points
Economic TimesSaurabh Mukherjea picks 4 new smallcap stocks in Little Champs portfolio
Top PMS fund manager Saurabh Mukherjea, whose firm Marcellus handles HNI money worth around Rs 10,000 crore, has picked 4 new smallcap stocks in his Little Champs portfolio. In his bank-focused Kings of Capital portfolio, Home First Finance has been replaced with MAS Financial Services while SKF India is the new stock pick in midcap-heavy Rising Giants portfolio. Mukherjea told investors in a note that positive developments in interest rate cuts by the Fed can improve consumer sentiments and benefit stocks with global market exposure. Key Points
Economic TimesMonsanto hit with $165 million verdict over PCBs in Seattle school
A U.S. jury has ordered Bayer's Monsanto to pay $165 million to employees of a school northeast of Seattle who claimed chemicals made by the company called polychlorinated biphenyls, or PCBs, leaked from light fixtures and got them sick. Key Points
Reuters
Should one just sit tight on investments now? Sudip Bandyopadhyay answers
“India will probably be the least affected economy because of China's challenges. But still, we will have the headwinds in multiple sectors. We have seen what is happening in chemicals, speciality chemicals and metals as well while Chinese markets are down. A whole lot of other things will face challenges.” Key Points
Economic TimesBuy Bharat Forge on dips; be careful in specialty chemicals for next 2-3 years: Sandip Sabharwal
Investors must be cautious in the specialty chemicals space for the next two to three years, as many stocks are 30-40% down from their highs but are still up 200-500% from 2020 lows. The margins of these stocks will fall. The decline in commodity prices in China will create a downside throughout the commodity world. Key Points
Economic TimesAfter a weak June quarter, recovery to be gradual for SRF
Since its financial results were announced, the stock fell 2%, contributing to cumulative decline of 5.5% so far in 2023. Key Points
mintUS mulling bans on cosmetics having 'forever chemicals'
Several US states are considering banning cosmetics and other products containing harmful chemicals, known as PFAS or per- and polyfluoroalkyl substances. They are also known as 'forever chemicals'. Key Points
India Today3M, DuPont defeat massive class action over forever chemicals
A U.S. appeals court on Monday handed 3M (MMM.N), Corteva Inc (CTVA.N) subsidiary E.I. du Pont de Nemours and Co and other manufacturers of toxic so-called "forever chemicals" a big win in their fight against legal liability for the substances, rejecting a lower court's ruling that would have allowed about 11.8 million Ohio residents to sue the companies as a group. Key Points
Reuters
Paragon Fine And Speciality chemicals IPO Day 1: Issue subscribed over 6 times, all portions booked; check latest GMP
Paragon Fine And Speciality chemicals IPO open for subscription from October 26 to October 30. Paragon Fine And Speciality chemicals IPO price band set at ₹95 to ₹100. Paragon Fine And Speciality chemicals IPO reserved 50% shares for QIBs, 15% for NIIs, and 35% for Retail Investors. Key Points
mintETMarkets Smart Talk- Plan to invest Rs 10 lakh? Here are 7 stocks for long term wealth creation: Vikram K
1Q24 was the first normal quarter after 1Q20, devoid of any covid wave during the quarter or base quarter. The demand scenario is mixed, with some green shoots in 2-wheelers and FMCG in rural India. Key Points
Economic TimesCustoms to introduce additional disclosures for export-import of medicinal products from June 1
The Customs Department is proposing to introduce additional disclosures for the export and import of medicinal products from June 1 to fast-track clearances of shipments. These additional disclosures, once introduced, will reduce queries of Customs officials, which are frequently posed to EXIM traders dealing in medicinal plants and chemicals. Key Points
Economic TimesFertilizers & chemicals Travancore Q3 FY24 Results Live : profit falls by 81.71% YOY
Fertilizers & chemicals Travancore Q3 FY24 Results Live : Revenue decreased by 36.27% YoY & profit decreased by 81.71% YoY Key Points
mintETMarkets Smart Talk: Microcap space looks a little overvalued; auto, pharma, banks likely to lead next le
Sushant Bhansali, CEO of Ambit Asset Management, states that the microcap space appears overvalued and could experience a significant correction. He remains positive on sectors such as autos, pharma, banks, discretionary consumption, and chemicals. Bhansali believes that the Indian economy's fundamentals are strong, with expectations of continued double-digit growth for the Nifty index. He mentions that rising crude oil prices may delay rate cuts but is not overly concerned due to stable currency and strong economic fundamentals. Key Points
Economic Times
Google doodle celebrates 80th birthday of Dr. Mario Molina. Top points
Google on Sunday dedicated a doodle to honor Mexican chemist Dr. Mario Molina, a researcher who highlighted the impact of chemicals in depletion of Earth's protective layer- Ozone. | World News Key Points
Hindustan TimesPhthalate exposure linked to preterm births: What are the risks?
The study estimates that nearly 56,600 preterm births in 2018 in the US may be linked to these chemicals, known as phthalates, with associated lifetime medical costs ranging from $1.6 billion to $8.1 billion. Key Points
India TodayJG chemicals made stock market debut with over 5% discount
New Delhi [India], March 13 (ANI): The shares of JG chemicals made a disappointing debut on the stock exchanges on Wednesday as it listed with an over 5 per cent discount over its issue price. The shares were listed at Rs 209 as against its issue price of Rs 221. Show Full Article The Rs […] Key Points
ThePrintChambal Fertilisers to trade ex-buyback, Shree Ajit Pulp shares to trade ex-rights today
Chambal Fertilisers & chemicals has declared buyback of shares worth ₹700 crore. The record date to ascertain the eligibility of shareholders for the share buyback has been fixed on January 18. Key Points
mintAgrochem seeing subdued demand, battery chemicals in focus: Ajay Joshi
Ajay Joshi says: “In battery chemicals, in the electrolyte and solvent space, Aether Industries, AMI Organics, Tatva Chintan, are some of the companies that are going to do well. In fact, Aether Industries, also happened to sign an MOU with the leading EV company for a multi-year supply contract of electrolyte.” Key Points
Economic Times
India's Grasim posts 56% Q1 profit drop on chemicals, textile slump
India's Grasim Industries Ltd (GRAS.NS) reported a 56% drop in quarterly profit on Thursday - its fourth straight quarterly fall - as the Aditya Birla Group-owned company was hit by weak chemicals prices and a slump in its textiles business. Key Points
ReutersIndia's Tata chemicals posts drop in Q1 profit on lower prices, volumes
India's Tata chemicals Ltd (TTCH.NS) posted a 9.7% fall in first-quarter profit on Monday, hurt by a fall in soda ash prices and lower volumes. Key Points
ReutersBreakout Stocks: How Elgi Equipments, JB chemicals and Delta Corp are looking on charts for Thursday’s tra
Sectorally, buying was seen in realty, healthcare, and oil & gas stocks, while selling was seen in IT, telecom, utilities, and consumer durable. Stocks that were in focus include names like Elgi Equipments, which was up 7%, J.B chemicals & Pharmaceuticals, which gained over 6% to hit a fresh 52-week high, and Delta Corp, which fell more than 23% on Wednesday. Key Points
Economic TimesDRI notices to 7 exporters selling restricted goods
The Directorate of Revenue Intelligence (DRI) has sent notices to seven exporters who were allegedly exporting restricted products. The directorate has confiscated some shipments of chemicals, minerals, metal and alloys and some essential commodities, which were under the special chemicals, organisms, materials, equipment and technologies (SCOMET) list, officials said. The shipments were confiscated by the Mumbai, Gujarat and Chennai zones, they said. Key Points
Economic TimesRed-hot favourites! MF & PMS managers handpick 10 new smallcaps
Equitas Small Finance Bank, Birla Corporation, and Sanofi India were the top new small-cap picks by Indian mutual funds and portfolio management scheme (PMS) managers in May. Equitas SFB was selected by 9 mutual funds, 10 PMS, 13 unit-linked insurance plans, and one alternative investment fund. Other small-cap picks included Indiamart Intermesh, Affle India, VIP Industries, Birlasoft, Can Fin Homes, PVR, Inox, and Exide Industries. Meanwhile, managers sold off shares of Zee Entertainment Enterprises, PVR Inox, JB Chemicals, and Gland Pharma. Key Points
Economic Times
New social media trend of sniffing deo claims life of an Australian teenager
As per Australian publication Herald Sun, Esra was at a sleepover with her friends when she decided to try chroming. She inhaled the chemicals from a deodorant can, but it had devastating consequences. Key Points
India TodayGoogle Doodle celebrates Dr Mario Molina's 80th birthday, the man who helped save the ozone Layer
Molina was a co-recipient of the 1995 Nobel Prize in Chemistry. He was one of the researchers who exposed how chemicals deplete Earth’s ozone shield, which is vital to protecting humans, plants, and wildlife from harmful ultraviolet light. Key Points
mint