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Mexico's agriculture ministry confirmed a new screwworm case in Nuevo Leon, originating from southern Mexico. The infested calf was treated, rendering larvae unviable, and did not affect other animals in the shipment. This detection, separate from a September case, has prompted continued U.S. import restrictions on Mexican cattle.
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News and Media
LG Electronics India is set to launch an IPO, aiming to raise over 11,000 crore. The company boasts strong financials, with higher revenue, Ebitda, and a remarkable 37.1% return on net worth for FY25 compared to rivals. Its attractive valuation, with a lower P/E multiple than peers, makes it a compelling long-term investment opportunity.
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News and Media
Canara Bank is set for better recovery from Karanja Terminal & Logistics. A price discovery process attracted higher bids for the asset. The infrastructure company owes lenders around 600 crore. Prudent Asset Reconstruction Company made a binding offer of 520 crore. This offer trumped the promoter's settlement proposal. The sale is currently challenged in court.
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News and Media
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