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The Indian folding carton industry is a fragmented lot. Even today, 50% of the industry is unorganised. The pundits say that a significant percentage of the unorganised sector will transform into the organised. Siddharth Kejriwal, managing director at Parksons Packaging, says, "If it's 50:50 today, we expect it will be in the ratio of 70:30 in favour of the organised market. This should lead to fair and better margins for the industry." Parksons' acquisition of Manohar Packaging should be vi ....
Teji Mandi: Three things investors should know on December 11, 2020 Pfizer s Covid vaccine receives thumbs up in the US: A U.S. government advisory panel has endorsed the widespread use of Pfizerâs coronavirus vaccine. According to them, the Pfizer-BioNTech vaccine appears safe and effective for adults and teenagers. The committee voted 17-4 in favor of the vaccine. With this, the Pfizer-backed vaccine is one step closer to approval for the US epic vaccination campaign. The United Kingdom (UK) has already approved the vaccine and is using it for the mass vaccination program. For India, the Pfizer vaccine appears unviable at the moment. There are storage, distribution, and cost-related issues. India is banking on CoviShield developed by the Serum Institute of India (SII). ....