India has experienced significant growth in intellectual property filings, with patents and industrial design filings doubling and trademarks increasing by 60% between 2018 and 2023. This surge has propelled India to 6th globally in patent filings, driven by a rise in resident innovation, according to the commerce and industry ministry.
The National Highway Traffic Safety Administration (NHTSA) is investigating engine failures in 1.4 million Honda and Acura vehicles. The issue, involving connecting rod bearings in 3.5-liter V6 engines, can lead to complete engine failure. While Honda recalled 250,000 vehicles in 2023, the NHTSA received 173 complaints from owners whose vehicles were not included in the recall, prompting this investigation.
Markets regulator Sebi on Monday asked qualified stock brokers to offer either the facility of trading in the secondary market using the UPI-based block mechanism to their clients similar to the ASBA facility or a three-in-one trading account facility from February 1. These qualified stock brokers brokers (QSBs) must offer one of these two options, in addition to the current mode of trading.
The rupee may depreciate 8-10 per cent against the US dollar during the Trump 2.0 regime, said a SBI research report, even as the local currency hit its all-time low on Monday. The report, titled US Presidential Election 2024: How Trump 2.0 Impacts India's and Global Economy, emphasised that the rupee can have a brief spell of depreciation against the US dollar, followed by appreciation.
Hindalco Q2 Results: Profit exceeded the Street estimate of Rs 1,294 crore, with revenue from operations rising 8% YoY to Rs 22,262 crore in the period. Strong profit growth was fueled by solid operational performance in the India business, favourable macro conditions, and effective cost management.
Zinka Logistics Solutions plans to raise Rs 1.115 billion through an IPO. The company provides digital platform solutions to truck operators. While it has shown traction, profitability remains a concern. Investors may wait for sustained profitable growth before investing. The promoter stake will fall to 28% post-IPO.
