Latest news with #RajeshJain
The Hindu
13 hours ago
- Business
- The Hindu
GCC survey shows a rise in number of homeless individuals in the city
The number of homeless individuals in the city has crossed 13,000, with the Central Business District of George Town in Royapuram Zone of the Chennai Corporation accounting for the most number of homeless people. The Chennai Corporation conducted a survey of the homeless in January, and found an increase in the number of persons without decent housing, when compared to the previous surveys that reported around 11,000 homeless individuals in the city. This has been attributed to an increasing number of people migrating from other districts and States in search of economic opportunities over the past few years. The Greater Chennai Corporation (GCC) found that the number of homeless individuals, which was 9623 by mid-February, had crossed 13,000 by the end of the survey in May. Ward 57 Councillor Rajesh Jain said: 'People from States such as Andhra Pradesh and Bihar have come to my ward in Royapuram zone in search of jobs, and some of them have been homeless. The number of homeless women is higher than that of men in several parts of my ward. Many people have come to Chennai in search of jobs from other districts also.' Pointing to the rise in the number of homeless persons on stretches such as Wall Tax Road and Prakasam Salai, Mr. Jain said they had started demanding housing facilities. 'We do not know the actual reason for the rise in the number of persons migrating to the city from other States. We have to verify whether it is due to failed agriculture in their native villages. We have taken measures to help them. Around 10% of the homeless children do not go to school. The GCC has two schools in the ward to provide free education for the children,' he said. Ward 56 Councillor V. Parimalam said efforts were being taken to persuade homeless children to go to school, pointing to the installation of smart classrooms in Chennai Corporation schools. They also face other challenges. R. Manikandan, who was identified as a homeless resident of Royapettah during the survey in January, had to move out of the area he used to live in due to the implementation of infrastructure projects by civic agencies. Though he rented a house in May, he has not been able to pay the rent of ₹3500 this month. G. Selva, CPI(M) district secretary, said there was an increase in the number of wage labourers without shelters in the city. 'They work hard. The government should ensure the dignity of such individuals.' An official of the Chennai Corporation said a number of homeless individuals, who were identified in the survey, did not have Aadhaar and ration cards. 'We will facilitate the issuance of ration cards for those who are yet to get one,' the official said.
Business Standard
6 days ago
- Health
- Business Standard
Panacea Biotec announces inclusion of EmulsiPan into prestigious CEPI Adjuvant Library
Panacea Biotec announced the listing of EmulsiPan in the CEPI (Coalition for Epidemic Preparedness Innovations) Library of adjuvants to support the scientific community in advancing vaccine and biotherapeutic development. EmulsiPan has been recognized for its potential in enhancing the efficacy and dose-sparing effects. EmulsiPan is an oil-in-water emulsion adjuvant and is produced by nano-emulsification of squalene along with surfactants and buffers. Squalene is a naturally occurring biodegradable and biocompatible triterpene hydrocarbon found in many plants as well as in humans. EmulsiPan is a ready-to-use sterile emulsion, supplied in a 10 mL USP Type I glass vial for research purposes. It is designed for storage at 2-8C and maintains stability for over 2-years under recommended conditions. On the occasion, the Chairman and Managing Director, Panacea Biotec, Dr. Rajesh Jain said, It is with great pride that we announce the availability of EmulsiPan, a ready-to-use dose sparing adjuvant designed to enhance vaccine efficacy and support global public health initiatives. Such investments showcase our commitment to research and development investments that provide us the edge to not just meet ongoing challenges but also create a future-ready company that is prepared for every possibility and opportunity.
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Business Standard
05-05-2025
- Business
- Business Standard
R R Kabel sees volume surge by 2026 as US tariffs present 'opportunity'
Indian wire and cables maker R R Kabel's expects volume growth to more than double in fiscal 2026, with the U.S. tariff policy presenting "an opportunity" for exports amid higher levies on China, a top executive told Reuters on Monday. In fiscal 2026, R R Kabel expects volumes to grow between 16% and 18%, finance chief Rajesh Jain told Reuters, partly bolstered by U.S. tariff policy that affects Indian exporters less severely than Chinese rivals. Higher levies on China make India's exports more competitive. "I was having only one customer till last year, now I am already in talks with four or five big customers... There may be challenges for China, but not for us," Jain said. The company's volumes grew 7% in fiscal 2025, below the company's own targets of 15%, due to a slowdown in construction spurred by Indian elections and disruptions in export markets caused by Red Sea tensions. Jain noted that President Trump's fluctuating tariffs, which have unsettled global markets and threatened trade stability, have been beneficial for the company. The U.S. has imposed a baseline 10% tariff on all exports, with additional reciprocal levies including a 26% rate on India, which are set to kick in July 8. In contrast, China faces a 145% tariff rate as both nations seek a trade agreement. The U.S. is R R Kabel's fourth largest market by revenue and makes up about 10% of R R Kabel's export revenue. Overall exports make up 26% of sales for the company, a significantly higher proportion compared to larger domestic competitors Havells and Polycab .
Reuters
05-05-2025
- Business
- Reuters
India's R R Kabel sees volume surge by 2026 as US tariffs present 'opportunity'
May 5 (Reuters) - Indian wire and cables maker R R Kabel's ( opens new tab expects volume growth to more than double in fiscal 2026, with the U.S. tariff policy presenting "an opportunity" for exports amid higher levies on China, a top executive told Reuters on Monday. In fiscal 2026, R R Kabel expects volumes to grow between 16% and 18%, finance chief Rajesh Jain told Reuters, partly bolstered by U.S. tariff policy that affects Indian exporters less severely than Chinese rivals. Higher levies on China make India's exports more competitive. "I was having only one customer till last year, now I am already in talks with four or five big customers... There may be challenges for China, but not for us," Jain said. The company's volumes grew 7% in fiscal 2025, below the company's own targets of 15%, due to a slowdown in construction spurred by Indian elections and disruptions in export markets caused by Red Sea tensions. Jain noted that President Trump's fluctuating tariffs, which have unsettled global markets and threatened trade stability, have been beneficial for the company. The U.S. has imposed a baseline 10% tariff on all exports, with additional reciprocal levies including a 26% rate on India, which are set to kick in July 8. In contrast, China faces a 145% tariff rate as both nations seek a trade agreement. The U.S. is R R Kabel's fourth largest market by revenue and makes up about 10% of R R Kabel's export revenue. Overall exports make up 26% of sales for the company, a significantly higher proportion compared to larger domestic competitors Havells ( opens new tab and Polycab ( opens new tab.
The Hindu
05-05-2025
- The Hindu
Building blown off in blast at explosive manufacturing unit near Coimbatore
A building of a licenced explosives manufacturing unit near Sulthanpet in Coimbatore district was blown off following a blast on Monday. No employees were present in the building at the time of the explosion. The police said the blast occurred in a building of Ganesh Explosives Private Limited at Puliyamarathupalayam, around five km off Pollachi - Palladam Road, within the jurisdiction of the Sulthanpet police station on Monday noon. According to the police, the explosion took place in a machinery room, where materials for gunpowder preparation were being handled, at 12.10 p.m. The machinery and the building were blown off in the impact of the explosion. No employees were affected in the impact of the collision as employees stay out of the machinery room whenever processing of explosives is carried out. The police said Dehradun-based Rajesh Jain had been running the explosive manufacturing unit through licensee V. Chandraguptan, a resident of Sulthanpet. The unit was legally licensed and had been in operation for the past 25 years, said the police. A team of officials visited the place and a detailed investigation was under way to ascertain the cause of the explosion, the police added.
