The company was last valued at $1.2 billion in January of this year when it raised new funds from investors such as Sequoia and Sofina of Belgium.
At meeting held on 25 June 2022
China industrial profits declined at a slower pace in May as companies resumed production after the easing of pandemic related restrictions. Industrial profits decreased 6.5 percent on a yearly basis, following Aprils 8.5 percent decline, the National Bureau of Statistics reported. During January to May, industrial firms registered an increase of 1.0 percent in profits. Nonetheless, this was slower than the 3.5 percent growth posted […]
Baker Hughes reported on Friday that the total number of active US rig count for oil was up by 10 to 594 for the week ended 24th June 2022. This marked the biggest weekly rise since the week ended May 20. The total active US rig count, which includes those drilling for natural gas, also jumped by 13 to 753, according to Baker Hughes. Natural […]
According to a latest update from the International Grains Council (IGC), at a record 2,290 million tonnes or mt, the world 2021/22 total grains (wheat and coarse grains) production is forecast slightly lower m/m (month-on-month), while estimates for consumption and closing stocks are overall little-changed. Including modest increases for wheat and maize, global trade (Jul/Jun) is pegged 1m t higher m/m, at 417m. IGC, in […]
The Total Order book crosses Rs1,800 crore for the first time.
It represents a sharp reversal from the previous two years when metals rose on a wave of confidence following the shutdown, inflationary projections, and supply bottlenecks.
At meeting held on 25 June 2022
China industrial profits declined at a slower pace in May as companies resumed production after the easing of pandemic related restrictions. Industrial profits decreased 6.5 percent on a yearly basis, following Aprils 8.5 percent decline, the National Bureau of Statistics reported. During January to May, industrial firms registered an increase of 1.0 percent in profits. Nonetheless, this was slower than the 3.5 percent growth posted […]
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