Top Headlines: Automakers target pre-Covid profits, Air India market share

The festival season, which kicked off with Navratri on Monday and ends with Diwali on October 24, should please passenger vehicle (PV) manufacturers in more ways than one. Fiber optic cable (OFC) manufacturers are gearing up for a multiple surge in fibering, aggressively tapping into global markets to power 5G services. Read more about it in our main titles.

Automakers on track for pre-Covid profits as festival season sales soar

The festival season, which kicked off with Navratri on Monday and ends with Diwali on October 24, should please passenger vehicle (PV) manufacturers in more ways than one. Not only is it expected to be a record high in terms of volumes, but it will also see a rapid recovery in profitability for PV manufacturers and bring it closer to pre-Covid levels as the overall sales mix is ​​boosted by rising sales of better final finishes and lower raw material prices. Read more


Powering 5G Services: Telcos Could Spend Up To $2.5 Billion On Fiber Optics

Fiber optic cable (OFC) manufacturers are gearing up for a multiple surge in fiberization, aggressively tapping into global markets to power 5G services, and meeting demand for fixed fiber broadband up to home (FTTH). Telcos estimate they will spend between $1.5 billion and $2.5 billion in India on OFC over the next three to four years. Read more


Indian economy shows resilience and recovery, says CEA Nageswaran

Chief Economic Adviser (CEA) V Anantha Nageswaran said on Monday that India’s economy was on the road to recovery, but warned that foreign investors may remain cautious due to geopolitical challenges. He said all sectors of the economy such as agriculture, manufacturing and construction are “doing well”. “The Indian economy is showing resilience and is on the road to recovery. Private demand and the service sector are doing better than expected,” he said. Read more


Air India’s future market share depends on aviation sector probabilities

Air India’s plan to increase its domestic market share from the current 8.5% to 30% over the next five years depends on various factors, including the likely merger of all Tata Group airlines, the speed of airport infrastructure growth, forward cabin load factors, and the growth of new airline Akasa Air and redesigned Jet Airways. The Tata group took control of Air India on January 27. Read more


Center seeking to phase out codeine-based cough syrups, select FDCs

The Center has decided to phase out codeine-based cough syrups and certain fixed-dose drugs (FDCs) deemed “irrational”. The fate of 19 CDFs and several codeine-based cough syrups is still undecided and the Drugs Technical Advisory Board (DTAB) is discussing the matter. The industry is divided over the issue of phasing out codeine-based cough syrups, which are used by many as intoxicants. Read more

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