HiRO acquires CRO DeltaMed Solutions, continues to expand cross-border operations in the US, Business News
03 Jul
Business News

HiRO acquires CRO DeltaMed Solutions, continues to expand cross-border operations in the US, Business News

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Business new tamfitronics WILMINGTON, Del./PRNewswire/ -- Harvest Integrated Research Organization (HiRO), a full-service, boutique global CRO, is excited to announce its latest strategic move with the successful acquisition of DeltaMed Solutions, an emerging CRO with a robust foothold in the US. The acquisition, advised by Evercore as financial advisor, marks HiRO's third CRO acquisition since its establishment in 2020. Following the acquisitions of ANZ-based PharmaSols in 2021 and US-based Courante Oncology last year, HiRO's global expansion continues with the integration of DeltaMed Solutions. With its established footprint in the US, IrelandMainland China, Taiwan, Australia, New Zealand, Japan, South Korea, Malaysiaand the PhilippinesHiRO solidifies its position as a comprehensive provider of end-to-end clinical...
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Mfg activity recovers in June: Survey
03 Jul
Business News

Mfg activity recovers in June: Survey

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Business new tamfitronics TNN / Updated: Jul 2, 2024, 02:31 ISTAAText SizeSmallMediumLarge NEW DELHI: Growth in manufacturing activity in the country recovered in June on the back of solid demandtriggering the fastest rate of job creation in the sector in 19 years, a survey showed on Monday.The HSBC India Manufacturing Purchasing Managers' Index increased from 57.5 in May to 58.3 in June, indicating a sharper improvement in business conditions.The 50-point mark separates expansion from contraction in the survey, which is compiled from responses to questionnaires sent to 400 manufacturing companies.Manufacturing output increased at a sharp pace that was faster than in May, as underlying demand remained favourable and new business continued to flow in, the survey results showed. It said the performance of the consumer goods industry was especially strong, although...
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Auto cos go slow on dealer dispatches as demand dips
03 Jul
Business News

Auto cos go slow on dealer dispatches as demand dips

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Business new tamfitronics NEW DELHI: After nearly three years of bumper growth, car sales have started to show signs of weakness as demand has come down over the past few months on a high base and other negatives such as severe summer heatwave, uncertainty around elections, and expensive vehicles.The Indian car market had bounced back strongly after the Covid setback and closed 2023 with record sales of 41.1 lakh units.However, the market has seen a squeeze in demand in recent months, which many fear will mean low-to-flat growth for the full year.The numbers in June saw Maruti and Hyundaithe top two carmakers, report weak growth in dealership deliveries. But while they managed to stay positive, Tata Motorswhich had made a remarkable comeback over the last few years, witnessed an 8% decline in dealer...
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Heat, humidity push power demand, fuel sales mixed
03 Jul
Business News

Heat, humidity push power demand, fuel sales mixed

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Business new tamfitronics NEW DELHI: The intense heat wave and rising humidity with the onset of monsoon towards end of the month drove up power consumption by 9% in June as households and commercial establishment ran cooling appliances for longer hours.But petrol, jet fuel and LPG sales posted moderate gains, while diesel remained in the slow lane during the month, essentially on loss of farm sector demand.Govt data pegged power consumption at 152.3 billion units (BU) during the month under review against 140.2 BU. The highest demand met in a day, also known as 'peak demand met' in industry parlance, too jumped 9.8% to 245.4 gigawatts (GW) from 223.2 GW in June 2023.The picture was mixed for fossil fuels. Diesel demand, a key indicator of economic activities, was 1.3% lower than June 2023....
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