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World news – IN – Gland Pharma’s Rs 6,480 crore IPO kicks off: Should...

The Shanghai Fosun Pharma-owned company raised a total of Rs 1,94386 crore from 70 anchor investors

. . World News – CA – Easy win of 1. 3%...

. . WASHINGTON - Orders to U. . S.. . Large-ticket industrial goods factories saw modest growth in October, but much of the strength came from a sharp surge in military equipment orders. Orders for durable goods expected to last at least three years rose better than expected 1. 3% in October and that gain followed an upward revised 2. 1% increase in September. A category that has business investment plans increased by 0. 7% in October after a 1st. 9% increase in September. The strength in October was largely driven by the volatile defense contracts category, with military aircraft demand rising 79. 1%. Commercial aircraft orders, hit by the sharp drop in air traffic due to the coronavirus, rose 38. 8%, but that comes after months of weakness. Economists are confident that demand for aircraft will continue to rise as Boeing finally receives safety clearances for its 737 Max, which was grounded after two fatal crashes. Overall, the transport orders increased modestly by 1. 2% as the sector was held back by a 3. 2% fewer orders for vehicles and parts. Economists believe that U. . S.. . Factories are facing significant headwinds, including a sharp spike in coronavirus cases that could slow demand in the coming months. "Manufacturing remains exposed to severe virus cases that could disrupt supply chains, weigh on demand and slow the pace of future recovery," said Rubeela Farooqi, chief U.. . S.. . Economist at High Frequency Economics. Martin Crutsinger, The Associated Press
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