Suven Life Sciences has secured four product patents, two from China and two from Korea, for their New Chemical Entities used in treatment of disorders associated with neurodegenerative diseases. These patents are valid through 2025 and 2027.
On Tue, Apr 3, 2012 at 12:27 PM, Shivshankar Singh < [email protected]> wrote: > HSBC PMI DATA INDIACTE 50% OF CHANCES IIp data likely lower( which is > due next week) > Summary > The seasonally adjusted HSBC Purchasing Managers’ Index™ (PMI™) – a > headline index designed to measure the overall health of the > manufacturing sector – registered 54.7 in March, down from February’s > 56.6. The latest reading pointed to a solid improvement in business > conditions, although growth was below the long-run trend. > Indian manufacturers reported a marked rise in new business received > during March. However, the rate of expansion was the weakest in three > months. Anecdotal evidence suggested that power cuts and raw material > shortages had limited manufacturers’ ability to take on new business > and customers’ propensity to place orders – despite a general > improvement in demand. In contrast new export order growth gained pace > in March. > With the expansion in output restricted, backlogs of work accumulated > at a marked pace that was the fastest in the series history. Stocks of > finished goods rose only modestly, with the vast majority of > respondents noting no change in post-production inventories since > February. > March data signalled a marginal rise of employment in the Indian > manufacturing sector. Job creation has now been registered in three of > the last four months. Where an increase in staffing levels was > indicated, this was attributed to higher output requirements. > The rate at which purchasing activity rose was marked, but slowed > during March. This was in line with weaker expansions in production > and new orders. Nonetheless, suppliers’ delivery times lengthened > again, and to a greater extent than in February. Panellists commented > that power cuts had impeded deliveries, and this was compounded by > some shortages of raw materials. Stocks of purchases rose again in > order to accommodate growth of output. > Input prices faced by Indian manufacturers increased substantially > during March. Higher raw material prices were cited as the main driver > of inflation. The latest rise in costs was the second-slowest in 17 > months, but remained elevated in the context of historical data. > Subsequently, manufacturers aimed to pass on higher input prices to > customers by raising their prices charged. However, the rate of charge > inflation slowed to a 16-month low. > Comment > Commenting on the India Manufacturing PMI™ survey, Leif Eskesen, Chief > Economist for India & ASEAN at HSBC said: > “Activity in the manufacturing sector expanded at a slower pace in > March led by a moderation in output and order growth, although export > orders accelerated. Capacity remains tight, with backlogs of work > increasing, and supplier delivery times lengthening. While inflation > of output prices eased, a further rise in input price inflation > > suggests it could pick up again as cost pressures are passed on to > customers. These numbers suggest that upside risk to inflation remain > and that the RBI's easing cycle, in terms of timing and magnitude, > depends on the extent to which these risks materialize.” > Key points > �� Output and new order growth weaken, as power cuts lead to capacity > constraints > �� Backlogs rise at fastest pace in survey history > �� Employment increases marginally > > > > -- > Jai Jai Shivshankar > -- CA. Rajesh Desai -- You received this message because you are subscribed to the Google Groups ""GLOBAL SPECULATORS"" group. To post to this group, send email to [email protected]. To unsubscribe from this group, send email to [email protected]. For more options, visit this group at http://groups.google.com/group/globalspeculators?hl=en.
