India surgical sutures market to grow to $380 mn in 2030-Telangana Today

Minimal access surgeries (MAS) have gained significant importance in recent times owing to reduced post-operative pain, shorter hospital stays, and quicker recovery of patients.

Published Date – 03:38 PM, Mon – 11 September 23


India surgical sutures market to grow to $380 mn in 2030



New Delhi: The domestic surgical sutures market will continue to grow at a compound annual growth rate of over 13 per cent to reach $380 million in 2030, according to a report on Monday.

Minimal access surgeries (MAS) have gained significant importance in recent times owing to reduced post-operative pain, shorter hospital stays, and quicker recovery of patients.

In India where a large population seeks affordable healthcare, the success of MAS heavily relies on efficient suturing techniques that are vital to minimise complications and infections.

The report by GlobalData, a leading data and analytics company, reveals that India will account for about 18 per cent of the Asia-Pacific (APAC) surgical sutures market, by revenue, in 2023.

“Traditional suturing techniques in India often involve using metal clips, plasters, and bandages. However, such techniques are known to pose risks due to poor sterilisation and cause unwanted reactions in patients,” said Ayshi Ganguly, Medical Devices Analyst at GlobalData, in a statement.

“Furthermore, the limited number of skilled practitioners and poor access to healthcare in rural areas have been additional drawbacks. This drives the requirement of alternative suturing techniques that can reduce the complications associated with traditional sutures,” she added.

Surgical sutures have efficiently sealed wounds and incisions by securely holding the tissue together, reducing the risk of infection and minimising scarring, making them an effective tool in MAS.

Ganguly pointed at India’s ‘Make-in-India’ policy that aims to boost domestic manufacturing of such medical equipment and devices, thereby reducing dependence on imports in the upcoming years.

“The development of such devices will expand the scope of exports and create a favourable business environment for the healthcare sector. With this, the Indian surgical sutures market is all set to flourish, offering promising domestic and export opportunities for Indian manufacturers,” Ganguly said.

Nifty breaches 20K for first time-Telangana Today

Robust flows from the local investors amidst mixed and negative flows from foreigners have helped Nifty achieve this landmark, he said. Successful achievements recently in space and foreign diplomacy by India has boosted sentiments for Indian stocks generally in an era when the global situation is still shaky.

Updated On – 04:35 PM, Mon – 11 September 23


Nifty breaches 20K for first time



New Delhi: Nifty has finally managed to touch the much anticipated 20,000 mark in the second attempt post July 2023, said Dhiraj Relli, MD & CEO, HDFC Securities.

Robust flows from the local investors amidst mixed and negative flows from foreigners have helped Nifty achieve this landmark, he said. Successful achievements recently in space and foreign diplomacy by India has boosted sentiments for Indian stocks generally in an era when the global situation is still shaky.

Small-cap and Mid-cap stocks have run up quite sharply and in some cases unjustifiably so. Review of asset allocation and booking some profits/raising some cash is advised, he added.

Bulls continue to lead the way as the benchmark index surged to a historic high, breaching the 20,000 mark for the very first time, says Rupak De, Senior Technical analyst at LKP Securities. This impressive rally followed a breakout from a descending channel that occurred last week. Looking ahead, market sentiment is expected to remain upbeat as long as the Nifty stays above the 19,900 level.

On the upside, we can identify an immediate resistance zone between 20,100 and 20,200. If there is a convincing breakthrough above 20,200, it could pave the way for the Nifty to advance towards the 20,500 mark, he said.

Nifty scales 20,000 mount, Sensex regains 67,000 level as stocks extend rally to 7th day-Telangana Today

The successful G20 summit and buying in index majors Reliance Industries and HDFC Bank also added to the winning momentum in equities

Published Date – 04:26 PM, Mon – 11 September 23


Nifty scales 20,000 mount, Sensex regains 67,000 level as stocks extend rally to 7th day



Mumbai: Benchmark Sensex jumped by 528 points to regain the 67,000 level while Nifty scaled the record 20,000 mark for the first time as robust buying by domestic investors helped equity markets extend the winning run to the seventh straight session on Monday.

The successful G20 summit and buying in index majors Reliance Industries and HDFC Bank also added to the winning momentum in equities.

The 30-share BSE Sensex regained the 67,000 level. The benchmark jumped 528.17 points or 0.79 per cent to settle at 67,127.08. During the day, it rallied 573.22 points or 0.86 per cent to 67,172.13.

The Nifty hit its all-time high of 20,008.15, a gain of 188.2 points or 0.94 per cent, in day trading. The 50-issue barometer closed just below the 20,000 mark at 19,996.35, reflecting gains of 176.40 points or 0.89 per cent.

“Nifty has finally managed to touch the much-anticipated 20,000 mark in the second attempt post-July 2023. Robust flows from local investors amidst mixed/negative flows from foreigners have helped Nifty achieve this landmark.

“Successful achievements recently in space and foreign diplomacy by India has boosted sentiments for Indian stocks generally in an era when the global situation is still shaky,” said Dhiraj Relli, MD & CEO, HDFC Securities Ltd.

Among the Sensex firms, Axis Bank, Power Grid, Maruti, State Bank of India, Tata Motors, ITC, Nestle and Mahindra & Mahindra were the major gainers.

Bajaj Finance and Larsen & Toubro were the laggards.

“The domestic markets began the day on a positive note, bolstered by the historic consensus achieved at the G20 summit, which instilled confidence among investors. Higher-than-expected loan growth data and strong profitability along with lower NPA in PSU banks attracted investor interest.

“Additionally, expectations of easing inflation, driven by a decline in vegetable prices, fueled optimistic sentiment, leading to a market rally,” said Vinod Nair, Head of Research at Geojit Financial Services.

India on Saturday pulled off a big diplomatic win after the G20 summit adopted a consensus declaration overcoming major differences on the Russia-Ukraine war, as Prime Minister Narendra Modi called for ending “global trust deficit”.

Modi also announced that African Union was admitted as G20’s permanent member.

In Asian markets, Seoul and Shanghai ended with gains while Tokyo and Hong Kong settled lower.

European markets were trading in the green. The US markets ended in positive territory on Friday.

Global oil benchmark Brent crude declined 0.23 per cent to USD 90.35 a barrel.

The BSE benchmark had jumped 333.35 points or 0.50 per cent to finish at 66,598.91 on Friday. The broader Nifty advanced 92.90 points or 0.47 per cent to settle at 19,819.95.

Foreign Institutional Investors (FIIs) offloaded equities worth Rs 224.22 crore on Friday, according to exchange data.

Rishabh Instruments stock ends on muted note in debut trade-Telangana Today

Shares of energy efficiency solution company Rishabh Instruments Ltd ended on a lacklustre note on Monday, the first day of trade.

Published Date – 05:45 PM, Mon – 11 September 23


Rishabh Instruments stock ends on muted note in debut trade

Shares of energy efficiency solution company Rishabh Instruments Ltd ended on a lacklustre note on Monday, the first day of trade.

New Delhi: Shares of energy efficiency solution company Rishabh Instruments Ltd ended on a lacklustre note on Monday, the first day of trade.

The stock began the trade at Rs 460, up 4.30 per cent from the issue price of Rs 441 on the BSE. During the day, it jumped 6.49 per cent to Rs 469.65. Shares of the company later ended at Rs 442.75 apiece, up 0.39 per cent.

On the NSE, it was listed at Rs 460.05, registering a gain of 4.31 per cent. The stock ended at Rs 441.50 each, up 0.11 per cent.

The company commanded a market valuation of Rs 1,680.74 crore.

In volume terms, 5.80 lakh shares of the company were traded on the BSE and over 80.38 lakh shares on the NSE during the day.

The Initial Public Offering (IPO) of Rishabh Instruments was subscribed 31.65 times driven by heavy demand from institutional buyers.

The company had fixed the price band for the IPO at Rs 418-441 per share.

The IPO had a fresh issue of equity shares aggregating up to Rs 75 crore and an Offer For Sale (OFS) of up to 94.3 lakh equity shares.

The Nashik-based firm is focused on electrical automation, metering and measurement, precision engineered products with diverse applications across industries, including power and automotive sectors.

Rupee falls 1 paisa to 83.03 against US dollar on Monday-Telangana Today

A weak American currency against major rivals overseas, however, supported the domestic unit and restricted the fall

Updated On – 06:47 PM, Mon – 11 September 23


Rupee falls 1 paisa to 83.03 against US dollar on Monday

Representational Image

New Delhi: The rupee settled 1 paisa lower at 83.03 (provisional) against the US dollar on Monday, as positive cues from domestic equity markets failed to allay investors’ concerns over elevated crude prices.

A weak American currency against major rivals overseas, however, supported the domestic unit and restricted the fall, forex traders said.

At the interbank foreign exchange market, the local unit opened at 82.93 against the US dollar and moved between the peak of 82.83 and the lowest level of 83.06.

The rupee finally settled 1 paisa lower at 83.03 (provisional) against the previous close.

On Friday, the Indian unit had appreciated 21 paise to close at 83.02 against the greenback.

“We expect the rupee to trade with a slight positive bias on the soft US dollar, positive domestic markets and a correction in crude oil prices. However, concerns over global economic slowdown and rising expectations of a rate hike by FOMC amid strong economic data from the US may cap sharp gains,” Anuj Choudhary, Research Analyst at Sharekhan by BNP Paribas, said.

Choudhary said that traders may remain cautious ahead of inflation data from India and the US later this week. “USD/INR spot price is expected to trade in a range of Rs 82.40 to Rs 83.30.” Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, fell 0.42 per cent to 104.65.

Brent crude futures, the global oil benchmark, were trading 0.30 per cent lower at USD 90.38 per barrel.

On the domestic equity market front, the BSE Sensex regained the 67,000-level and closed 528.17 points or 0.79 per cent higher at 67,127.08. The broader NSE Nifty advanced 176.40 points or 0.89 per cent to 19,996.35.

Foreign Institutional Investors (FIIs) were net sellers in the capital markets on Friday as they offloaded shares worth Rs 224.22 crore, according to exchange data.

India’s passenger vehicle sales increase to highest-ever level in August-Telangana Today

In the Three-Wheeler category, sales witnessed an extraordinary surge, with 64,763 units sold in August 2023 compared to 38,369 units in the same month the previous year, registering a remarkable year-on-year increase

Published Date – 11:37 PM, Mon – 11 September 23


India’s passenger vehicle sales increase to highest-ever level in August

In the Three-Wheeler category, sales witnessed an extraordinary surge, with 64,763 units sold in August 2023 compared to 38,369 units in the same month the previous year, registering a remarkable year-on-year increase

New Delhi: The Society of Indian Automobile Manufacturers (SIAM) has revealed that August 2023 witnessed achievements in the Indian automotive industry, with the highest-ever year-on-year monthly sales for Passenger Vehicles and Three-wheelers.

The announcement was made by SIAM during the release of the monthly sales data for August 2023. Highest-ever passenger vehicle sales reported. This growth reflects the resilience and dynamism of the sector. In the Three-Wheeler category, sales witnessed an extraordinary surge, with 64,763 units sold in August 2023 compared to 38,369 units in the same month the previous year, registering a remarkable year-on-year increase.

Two-wheeler sales remained robust, with 15,66,594 units sold in August 2023, a marginal increase from the 15,57,429 units sold in August 2022.

Commenting on the sales data for August 2023, Vinod Aggarwal, President of SIAM, expressed his enthusiasm for the sector’s performance.

Vinod Aggarwal stated, “Last month witnessed the highest-ever August month sales for Passenger Vehicles and Three-Wheelers, while Two-Wheeler sales remained stable compared to a year ago. We have also observed significant growth in the Commercial Vehicle segment in August 2023.

Based on last month’s performance, we are even more optimistic about the upcoming festive season, driven by a positive economic outlook and the revival of monsoon following a deficit in August”, said Aggarwal.

SIAM’s report detailed the robust growth across various segments of the automotive industry. In August 2023, approximately 3.59 lakh units of Passenger Vehicles were sold, representing a notable growth of 9.40 per cent compared to the same month in 2022.

Three-Wheelers reported exceptional growth, with a staggering 68.79 per cent increase, achieving sales of approximately 0.65 lakh units in August 2023.

Furthermore, Two-Wheeler sales remained steady, with 15.67 lakh units sold in the country, reflecting a growth of 0.59 per cent compared to August 2022.

SIAM said, 3.59 lakh units of Passenger Vehicles were sold in the month of August, with a growth of 9.40% compared to August 2022. Three-Wheelers also reported a significant growth of 68.79%, posting sales of about 0.65 lakh units in August 2023. 15.67 Lakh Two-Wheelers were sold last month in the country, with a growth of 0.59% compared to August 2022. The sales figures for August 2023 underscore the resilience and vitality of the Indian automotive sector.

The industry’s optimistic outlook and strong performance are expected to continue, particularly with the festive season on the horizon and positive economic indicators.

America pays tribute to 9/11 victims on 22nd anniversary of terror attacks

American citizens and leaders across the US Monday paid tributes and honoured the memories of the nearly 3,000 people who died in the horrific September 11 terrorist attacks as the US commemorates 22 years of the tragedy.

Published Date – 11:41 PM, Mon – 11 September 23


America pays tribute to 9/11 victims on 22nd anniversary of terror attacks



New York: American citizens and leaders across the US Monday paid tributes and honoured the memories of the nearly 3,000 people who died in the horrific September 11 terrorist attacks as the US commemorates 22 years of the tragedy.

The victims of the 9/11 terror attacks were honoured during a solemn ceremony at the site of the 9/11 Memorial and Museum in Lower Manhattan, where the twin towers of the World Trade Centre once stood and which were razed to the ground when two airlines hijacked by Al-Qaeda terrorists crashed into the towers, forever altering the Manhattan skyline on September 11, 2001.

Bells chimed and a moment of silence was observed at the exact time when tragedy struck across the US 22 years ago – at 8:46 am, the exact moment when American Airlines Flight 11 crashed into the North Tower, the first of the four attacks that occurred that morning. At 9:03 am United Airlines Flight 175 struck the South Tower, at 9:37 am American Airlines Flight 77 crashed into the Pentagon near Washington DC, at 9:59 am the South Tower collapsed, 10:03 am United Airlines Flight 93 crashed in Shanksville, Pennsylvania and at 10:28 am the North Tower fell.

“Today, we remember the 2,977 precious lives stolen from us on 9/11 and reflect on all that was lost in the fire and ash that September morning. The American story itself changed on this day 22 years ago. But what could not — and will not — change is the character of this nation,” President Joe Biden said in a post on platform X.

Hyderabad: Woman commits theft at own house with her siblings, held

Fareeda Begum along with her co-brother Mohammed Sameer and sister Farheen Begum gained entry into her own house after breaking the locks and collected gold ornaments before escaping

Published Date – 11:15 PM, Mon – 11 September 23


Hyderabad: Woman commits theft at own house with her siblings, held

Representational Image

Hyderabad: A woman who allegedly committed theft in her own house with the help of her siblings to clear loans was arrested by the Mirchowk police on Monday.

According to the police, the woman Fareeda Begum, (45), a resident of Osmanpura in Mirchowk police station limits along with her co-brother Mohammed Sameer and sister Farheen Begum gained entry into her own house after breaking the locks and collected gold ornaments before escaping.

“Before committing the theft, the woman told her husband Zahoor that she was going to visit her relatives and left the house. When her husband also went out on some work after locking the door, she broke into the house and took away the gold ornaments and other articles,” said Mirchowk Inspector, N Dilip Kumar said.

The woman had mortgaged some of her gold ornaments and also obtained a loan through online mode for setting up a small business. Her husband was not aware about the loan and mortgages and fearing that he would ask for it, she decided to steal the remaining gold from the house and sell it off,” he said.

On Sunday, Zahoor noticed that some persons had broken into their house and stole the gold ornaments and subsequently lodged a complaint. A case was registered and the police tracked down the woman and her siblings.

The trio are arrested and remanded.

Ultimatum for Iraq to disarm Kurdish separatists will not be extended: Iran

Iran’s Foreign Ministry spokesman Nasser Kan’ani says the ultimatum given to iraq to disarm Kurdish separatist groups will not be extended.

“Iran’s stance is completely clear. According to the agreement reached with the Iraqi government, the final deadline for the disarmament of the terrorist and separatist forces in Iraq’s Kurdistan region ends on September 19 and that deadline will not be extended in any way.”

He noted that the Iraqi government has taken measures in this regard, and has stressed that it will honor its commitments.

Iran, Russia to sign comprehensive roadmap for bilateral ties

Noting that the Iran-Russia relations in all fields are growing, Kan’ani told reporters that “talks are underway between the two countries to draft a comprehensive document” aimed to serve as “a complete and comprehensive roadmap” that will allow government institutions to pursue bilateral ties based on the set goal.

He noted that the two sides exchanged a draft agreement, and that their working groups are reviewing it.

The two sides will sign “the new comprehensive document” once it is finalized, he said, adding that it will “turn into a new roadmap for expanding cooperation and relations with Russia.”

Russia and Iran, both under Western sanctions, have forged closer relations in military and other areas in recent years.

Iran in contact with Armenia, Azerbaijan

Referring to the situation on the border between Armenia and Azerbaijan, the spokesman said Tehran is “in contact with the two countries’ officials” with the aim of easing tensions.

He noted that Iran is “sensitive” about the security of its northern borders and is seriously monitoring the situation there because of “the importance of the developments in the Caucasus and the impact of any instability, unrest and new tension in the region on the entire region.”

Armenia and Azerbaijan accused each other on Thursday of amassing troops close to their joint border as tensions continue to rise over the Nagorno-Karabakh region.

Located in the South Caucasus, the landlocked region of Nagorno-Karabakh has been at the center of a dispute between Azerbaijan and Armenia for more than three decades.

Since gaining independence from the former Soviet Union in 1991, the two neighboring countries have fought two wars, in 1994 and 2020, over the mountainous territory.

Karabakh, while acknowledged as a part of Azerbaijan by the international community, has a predominantly Armenian population that has persistently opposed Azerbaijani governance since a separatist war in 1994.

Tensions remain high and skirmishes along the shared border are a regular occurrence despite mediation efforts by the European Union, the United States and Russia.

Commenting on the election of a new president in Karabakh, Kan’ani reiterated that Iran’s stance on the region is “clear, constant and transparent”, adding that Karabakh is part of Azerbaijan and that the rights and safety of the region’s residents must be ensured within a specific framework.

He stressed the importance of respecting the territorial integrity and sovereignty of all countries and refraining from any actions that cause tensions.

The spokesman also reiterated Iran’s opposition to any change to the region’s geopolitics and internationally-recognized border.

Lawmakers in Nagorno-Karabakh’s parliament elected the head of the security council in the separatist government, Samvel Shahramanyan as the region’s new president.

Referring to the joint war games between Armenia and the US, the spokesman said the American troops “were never seeking stability and security”, and that they created instability and insecurity wherever they existed.

He stressed that the presence of extra-regional forces in the region disturbs its security, adding the security of the region must be ensured by the regional countries.

Response to any ‘foolish Israeli action’

Commenting on assassination threats made by the chief of the Israeli Mossad spy agency against Iranian officials, Kan’ani said such remarks prove that Israel is a “fake, usurping regime that is based on terrorism” and is pursuing terrorist acts to achieve its “illegitimate” interests.

The spokesman vowed that Iran will respond to “any foolish action”, noting that Tehran has proved its ability to ensure its security and has dealt the Israeli regime heavy blows many times.

Europe’s role in Saddam’s chemical attacks

Elsewhere in his remarks, the spokesman noted that Tehran has been legally and diplomatically pursuing the role played by some European countries, whether directly and indirectly through their companies, in supplying the regime of former Iraqi dictator Saddam Hussein with chemical weapons to be used against Iranians during the 1980-1988 war on Iran.

He noted that protecting the rights of the Iranian people is among the duties of the diplomatic apparatus, vowing that it will continue to pursue the issue in international forums.

Attack on Iran embassy in Paris

Commenting on the recent attack on Iran’s embassy in France, Kan’ani emphasized that “we strongly condemn” the assault.

He noted that Iran has sent a formal notice of protest to French officials in Tehran and Paris.

On Saturday, members of anti-Iranian counterrevolutionary groups attacked the building’s consular section. The assailants burnt tires in front of the entrance to the building’s consular section, inflicting some minor damage on its door.

Kan’ani stressed that France is responsible to ensure the security of Iran’s embassy and diplomatic facilities under the Vienna Convention on Diplomatic Relations of 1961.

He added that France’s ambassador in Tehran strongly condemned the action during a meeting with the head of Europe department at the foreign ministry and stressed that the French authorities are pursuing the case to identify those responsible for the act and hold them accountable.

“We and the French government are pursing the issue,” he stressed.

Transfer of unblocked funds ‘soon’

Asked about a Reuters’ report that said the transfer of Iranian funds which were blocked in South Korea under the pretext of US sanctions to banks in Qatar will take place as early as this week, Kan’ani expressed the country’s hope that “the transfer will be completed in the upcoming days and that the Islamic Republic will gain full access to its assets.”

Iran, under the reached agreement, can use its unblocked funds “to buy unsanctioned goods”, Kan’ani stressed.

Kan’ani also reiterated that the release of the funds has nothing to do with the prisoner exchange agreement with the United States.

“Considering the humanitarian nature of the issue, we are ready to implement the prisoner swap deal,” he said, noting that it could have taken place long ago if the American side had cooperated and had not linked it to other issues such as the nuclear deal, which the US unilaterally abandoned in May 2018 despite Iran’s full and strict compliance.

“We are optimistic that the exchange of prisoners will take place in the near future based on the reached agreement.”

Assembly condemns opening of Israel embassy in Bahrain

“The opening of the embassy of the criminal Zionist regime in Bahrain is an inappropriate act that is considered a clear example of betrayal of the holy cause of Palestine,” a statement issued by the Islamic Awakening Assembly on Monday read.

The statement further considered the Al-Khalifa regime’s action as an ill-considered action that would only help the Zionist regime to live a little bit longer.

“In a situation where the Zionist terrorist regime is in a state of destruction and is suffering from an existential crisis and facing collapse from within, the act could serve the occupying regime,” the Assembly further said.

“More than 80% of Bahrainis are against any normalization of relations with Zionist criminals. Also, the opening of an embassy in Manama will definitely put the Bahraini rulers  in trouble in the near future and will endanger the security infrastructure and national interests of the country and the entire region,” it further read.

The assembly further described the normalization of relations with the Zionist regime as “failed project” that could not bring any legitimacy to the regime.

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