Singapore High Commissioner Simon Wong calls on C.M. Stalin
Simon Wong, High Commissioner of the Republic of Singapore to India along with a team met Chief Minister M.K. Stalin at the Secretariat on Wednesday. In a post on X, Mr. Wong thanked Mr. Stalin for taking the time to meet the team. In the past four years, Singapore companies have pledged USD $8 billion of investments in Tamil Nadu, which is a testimony of the State's efficiency and ease of doing business, he said.
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Hans India
24 minutes ago
- Hans India
Crystal Crop Protection Limited launches 'RICEACT' – a 'revolutionary' herbicide for paddy cultivation and 'JIVORA' – a 'next-generation' insecticide for cotton
Hyderabad: Crystal Crop Protection Limited (CCPL), India's leading agro-chemicals solutions company today announced the launch of two major research-driven herbicide and insecticide. CCPL's introduction of these two major herbicide and insecticide variants comes at a time when India's crop-protection market is projected to grow from ~ USD 2.59 Bn in 2025 to ~ USD 3.21 Bn by the year 2030 with a CAGR of 4.35 percent. To further its growth and reinforce its position as a market leader in the segment, CCPL has today launched RICEACT, a revolutionary solution tailored specifically for rice cultivation and JIVORA, a next-generation insecticide designed to address the rising challenges of sucking pests in cotton. With the launch of these two products, Crystal Crop Protection is expecting to increase its herbicide portfolio by ~ 8 percent and its insecticide portfolio by ~ 7 percent. As a part of its launch, Crystal will be introducing both RICEACT and JIVORA across key markets in Maharashtra, Andhra Pradesh, Gujarat, Karnataka, Rajasthan, Haryana and West Bengal. RICEACT is a powerful early post-emergence herbicide that brings together two highly effective active ingredients — 'Triafamone' (20%) and 'Ethoxysulfuron' (10%)—offering a robust dual mode of action, providing effective control on various weeds. It works efficiently across transplanted and wet direct-seeded paddy crops, managing a broad spectrum of grasses, sedges, and broadleaf weeds that are known to significantly affect paddy yield and profitability. With a unique combination of two active ingredients, RICEACT ensures early weed control and provides season-long residual control. While Triafamone acts through the roots and leaves of the weed and inhibits critical enzyme activity, Ethoxysulfuron is absorbed through foliage and disrupts weed development through systemic action. Together, they effectively block the Acetolactate Synthase (ALS) enzyme, resulting in complete weed mortality with superior crop safety. This innovative product is designed to be applied as an early post-emergence spray, ideally when weeds are in the '1–3 leaf stage' and with an application window of '8-12 DAT/DAS'. With a recommended dose of 90 g per acre, RICEACT provides a unified solution for full-season weed management in rice cultivation, reducing labour dependency and increasing operational efficiency. Once introduced, RICEACT is expected to cover ~ 3 lakh acres of paddy and directly connect with over 2.5 to 3 lakh progressive paddy farmers across key markets thereby increasing Crystal's market share. JIVORA is a unique combination of two proficient active ingredients, offering contact, systemic, and translaminar action, which ensures effective protection against Whiteflies, Jassids and Aphids. Its quick and long-lasting residual control provides a robust defense during critical crop stages, specifically during the 2nd and 3rd spray. Backed by Crystal's legacy of cutting-edge R&D and farmer-first approach, JIVORA is the result of deep market research and field trials across key cotton-growing regions in India. With its innovative formulation and proven efficacy, JIVORA is set to benefit thousands of cotton-growing farmers. JIVORA will cover ~ 5 lakh acres of cotton in its first year and directly connect with over 4.5 to 5 lakh farmers across key markets. Ankur Aggarwal, Managing Director, Crystal Crop Protection, said, 'Crystal is deeply committed to transforming India's agricultural landscape. With our state-of-the-art research, we are offering RICEACT, an advanced solution that combines innovation with performance thereby enabling our farmers to protect their crops better, reduce losses and maximize returns. With JIVORA, we are promising India's cotton farmers healthier crops and improved profitability. With its dual-action mechanism and phyto-tonic effect, JIVORA strengthens plant health while eliminating pests.' Both JIVORA and RICEACT will be available across Crystal's authorized distribution network in 50g, 100g, 250g, 500g & 1kg pack sizes and 45g, 60g, and 90g pack sizes respectively. Sohit Satyawali, Vice-President – Sales & Marketing, Crystal Crop Protection, said, 'At Crystal, our products underline our focus on smart farming and farmer-centric innovations. While RICEACT is a strategic product that ensures longer duration control and broad-spectrum control with a long-lasting impact, JIVORA is our effort to provide cotton farmers with a trusted solution that works at multiple pest stages. As always, our aim remains to support farmers in ensuring maximum crop protection and profitability.' Today, as India's farmers have better knowledge and ease of access to crop protection products, these research-driven, innovative products will pave the way to unlock the vast potential that can benefit the country's economy. About Crystal Crop Protection Ltd.: Crystal Crop Protection Ltd. is a research-led, integrated agri-input company that delivers end-to-end solutions across crop protection, seeds, and farm mechanization. With a presence in over 35 countries and a strong domestic footprint, Crystal remains committed to improving Indian farm profitability through innovation, sustainability, and trust. Website:
Mint
an hour ago
- Mint
Airlines facing skewed value chain; profit margin never crossed 5 pc; IATA executive
New Delhi, Jun 6 (PTI) Airlines are grappling with a skewed value chain globally and historically, the profit margin has never crossed 5 per cent, according to IATA Chief Economist Marie Owens Thomsen. Also, she expressed hope that any efforts to address making the airline value chain less skewed will surely be an example for other countries. India is one of the world's fastest growing civil aviation market. At an interaction in the national capital this week, Thomsen said the skewed value chain for the global airlines industry is also a result of legacy policies. Thomsen is the Chief Economist & Senior Vice President Sustainability at the International Airport Transport Association (IATA), a grouping of over 350 airlines. "Nobody sat down from the beginning and said, I'm going to create a super skewed value chain and make sure that the airlines never "I don't think anybody had that intent. But unfortunately, that's sort of where we've ended up. And our industry globally has never made a profit margin in excess of 5 per cent," she said. While noting that all participants in the value chain make more money than the airlines, she mentioned about the oligopolistic pricing power among the aircraft manufacturers and the outsized market power of oil companies. "... then downstream, you know, notably here in India, maybe a very price competitive environment... our customers choose their airlines primarily on price. So the airlines are left completely squeezed between these two with very few ways out," she said. Further, Thomsen said that if the Indian government tries to do everything to create a less skewed value chain, and that becomes possible, then that would surely be an example to follow for every other country. For 2025, IATA has projected airlines to report a net profit of USD 36 billion and a profit margin of 3.7 per cent.
Economic Times
an hour ago
- Economic Times
Cochin Shipyard shares rally over 8% on NATO defence push, stock up 32% in 4 days
Cochin Shipyard surged 8.4% on Friday, extending its 32.4% rally in four sessions, driven by rising defence spending sentiment after NATO's call for higher budgets. The stock has gained over 1,400% in three years. Despite strong momentum and robust Q4 earnings, analysts remain cautious, with a consensus 'Hold' rating and a 47% downside from current levels. Tired of too many ads? Remove Ads Cochin Shipyard's Rising Momentum Tired of too many ads? Remove Ads Q4 Earnings Snapshot Shares of Cochin Shipyard climbed as much as 8.4% on Friday to Rs 2,547.25 on BSE, extending a sharp rally in defence-linked stocks after a call by the U.S. for NATO members to significantly raise their defence spending. The stock has now gained 32.4% over four trading sessions, fueled by rising investor bets on India's naval build-up and the company's strong order book latest boost in defence stocks came after NATO Secretary General Mark Rutte on Wednesday proposed that member states raise their defence spending to 3.5% of GDP. Although India is not a NATO member, it maintains bilateral defence and strategic ties with several NATO nations, including the U.S., France, and the U.K., raising expectations that Indian defence companies could indirectly benefit from increased demand for equipment and support Defence Minister Ruben Brekelmans stated, 'We should spend at least 3.5% on defense, which in the Netherlands means an additional 16 to 19 billion euros (USD 18–22 billion) on top of our current budget.' NATO members are required to meet confidential "capability targets" across areas such as air defence systems, long-range missiles, drones, and Shipyard, India's largest public sector shipbuilder and a key supplier to the Indian Navy and Coast Guard, has delivered a staggering 737% return over the last two years. A constituent of the Nifty Midcap 150 index, the stock has surged 94.4% in the past three months and 24.4% in the past one month. Over a three-year period, the stock has returned 1,403%.During Friday's session, trading volumes surged alongside the price rally. Cochin Shipyard is now trading above all key moving averages — 5-day, 10-day, 20-day, 50-day, and 200-day SMAs — underscoring the strength of the uptrend. Technical indicators further highlight bullish sentiment: the Relative Strength Index (RSI) stands at 78.2 (overbought territory), while the MACD at 150.9 remains above the signal company recently posted a 10.8% year-on-year rise in net profit to Rs 287 crore for the March quarter, while revenue increased 37% to Rs 1,758 crore. However, EBITDA declined 7.6% to Rs 266 crore and margins contracted sharply by 730 basis points to 15.10%, compared with 22.40% in the same quarter last Shipyard maintains a robust financial structure, with a Debt-to-Equity ratio of just 0.01 as of March 2025, marginally higher than 0.00 a year strong price momentum, analysts remain cautious. According to Trendlyne, the average target price for the stock is Rs 1,349, implying a potential downside of 47% from current levels. Of the three analysts tracking the stock, the consensus rating is 'Hold'.
