Manufacturing Financial News

Boeing India President Salil Gupte shared these insights during a symposium organized by the India Foundation for Quality Management. He emphasized the necessity for Indian companies to enhance their position within the global supply chain and to seize the emerging opportunities presented by quality improvements in manufacturing.

Tata Group will create 500,000 jobs in the next five years on back of massive investments in facilities for manufacturing semi-conductors, batteries, electric vehicles, among others, Tata Sons Chairman N Chandrasekaran said. Chandrasekaran, who was speaking at the Indian Foundation of Quality Management (IFQM) Symposium in Delhi Tuesday said with a million people joining the workforce every month India has the potential to become the human resource capital of the world. However, there is a need to create processes for ensuring quality in product manufacturing, people and the ecosystem. Chandrasekaran said it is now India’s moment to make a mark on the world stage. The momentum in the economy, rising per capita levels, and growing demand for products and services will all propel the country forward. «We will be a significant player in the manufacturing requirements of the world,» Chandrasekaran held.

mandatory disclosures on packaged products sold through quick commerce companies, a senior government official said on Tuesday, signalling potential regulatory action against non-compliant firms. Consumer Affairs Secretary Nidhi Khare told reporters the government is examining whether these companies are adhering to the Legal Metrology Act, which requires disclosure of key product information. «We are examining mandatory disclosures on packaged products sold via quick commerce companies,» Khare said. The act mandates that packaged goods sold both online and offline must display information including maximum retail price, expiration date, weight, manufacturer details, and consumer grievance addresses.

Subscribe to enjoy similar stories. MUMBAI : HCL Technologies Ltd stock hit a new 52-week high of ₹1,882.75 on Tuesday in response to the decent September quarter (Q2FY25) earnings. Sequential constant currency (CC) revenue grew 1.6% ahead of Street’s 0.6% estimate.

Predator drones for the Indian armed forces. As part of the deal, India will also see the establishment of a maintenance, repair, and overhaul (MRO) facility for the General Atomics-manufactured drones in the country. Final approval for the mega deal was secured earlier this year during a Defence Acquisition Council meeting, with the Indian government cutting it close to an October 31 deadline set by the Americans. The Cabinet Committee on Security (CCS) only approved the deal last week. Of the 31 drones, 15 will be allocated to the Indian Navy, while the Air Force and the Army will each receive eight. The long-range drones will be armed and will add to the two that are already being leased by the Navy.

SIAM data. Automobile companies are reducing the number of vehicles dispatched to dealerships as buyers are showing caution in their spending, despite significant discounts, said the report (by Pankaj Doval). According to the Society of Indian Automobile Manufacturers (Siam), passenger vehicle dispatches decreased by 2% in the second quarter of the current fiscal year. Companies typically build up inventory before the festive season during this time, but dispatches dropped to 10.5 lakh units, down from 10.7 lakh units in the same period last fiscal year. For the first half of the fiscal year (April-September), dispatches rose marginally by 0.5%, reaching 20.8 lakh units compared to 20.7 lakh units in the year-ago period.

«So, whether the fiscal incentive comes or not, that will determine quite a few things. And of course, if exports were to revive, then it can become a much better trade. But these two has not happened yet and in the absence of these two, China remains more of a tactical trade,» says Rana Gupta, Manulife Investment Management. All of us in the last 15 days have spent a considerable time in understanding this China comeback and sell India trade. Is that a real trade? Do you think that is a multi-year trade or that trade is already over? Rana Gupta: Well, it depends on whether the Chinese policymakers go down the path of a large fiscal stimulus or not. In our view, China was export oriented economy, which got its savings and invested in real estate.

China’s export growth unexpectedly slowed in September, curbing a trade rebound that has been a bright spot for a weakening economy that policymakers are relying on manufacturing to power. Exports climbed just 2.4% in dollar terms from a year earlier to almost $304 billion, the lowest level since May, the customs administration said Monday. Shipments to key markets including Japan, South Korea and Taiwan all fell, while exports to the European Union and the US marked their slowest rise in at least four months as politicians ramped up tariffs. Russian purchases of Chinese goods soared to a record $11 billion, as Beijing continues to shield Moscow from economic isolation after Western companies producing everything from cars to phones quit President Vladimir Putin’s nation due to sanctions to punish his military aggression.

UBS has initiated coverage on Ramkrishna Forgings with a 'Buy' rating and a target price of Rs 1,500, indicating an upside potential of 46% from the previous closing price of Rs 1,030 per share. UBS pointed out visible earnings drivers that suggest the potential for future upgrades. Despite Ramkrishna Forgings holding a global market share in the low single digits, this indicates substantial growth potential.

Shiv Texchem will debut on the BSE SME platform later today. Ahead of the listing, the company's shares traded with a GMP of Rs 65. Considering the upper price band of Rs 166, the stock is expected to list at a premium of 39% over the issue price.

Subscribe to enjoy similar stories. Google will back the construction of seven small nuclear-power reactors in the U.S., a first-of-its-kind deal that aims to help feed the tech company’s growing appetite for electricity to power AI and jump-start a U.S. nuclear revival.

Auto manufacturers competing to persuade drivers to go electric are rolling out cheaper, more tech-rich models at the Paris Motor Show

Subscribe to enjoy similar stories. Asia is scrutinizing China’s unprecedented efforts to keep its economy humming. If Beijing doesn’t succeed, the fallout will ripple across the region, just as economies there get onto firmer ground.

Subscribe to enjoy similar stories. Manesar, Haryana-based electronics design and manufacturing services provider VVDN Technologies plans to invest $100-200 million over the next three to four years to set up manufacturing facilities for making printed circuit boards, camera lens, displays and connectors, in a bid to ensure its own availability of components and reduce dependence on imports from China. VVDN president Vivek Bansal said in an interaction with Mint that the new facility will supply components across its lines of business which includes 5G telecom radio equipment, IoT, automotive, industrial use cameras, EV chargers and upcoming businesses of data centre servers, laptops, smartphones, and smart meters.

Boeing is announcing layoffs

Delhi Pollution Control Committee on Monday ordered complete ban on manufacturing, storage, selling and bursting of all kinds of firecrackers upto January 1, 2025 in the national capital. The ban comes ahead of festive season that can result a surge in pollition in the union territory. Delhi's air quality worsened to the 'poor' category on Sunday, the day after Dussehra, with the Centre deciding to closely monitor the situation before taking anti-air pollution measures under Stage 1 of the Graded Response Action Plan (GRAP). Delhi's 24-hour average Air Quality Index (AQI) reached 224 on Sunday, according to the 4 pm AQI bulletin from the Central Pollution Control Board. GRAP is categorised into four stages based on Delhi's air quality: Stage I — 'Poor' (AQI 201-300); Stage II — 'Very Poor' (AQI 301-400); Stage III — 'Severe' (AQI 401-450); and Stage IV — 'Severe Plus' (AQI >450).

Third Bridge global head of analysts Peter McNally discusses how the Boeing factory workers strike is impacting business on 'The Big Money Show.'

Subscribe to enjoy similar stories. Ola Electric Mobility Ltd. had a muted debut on the stock exchange in early August.

vaccine doses manufactured and distributed across the world in the last one year alone, half of them were manufactured in India, said Union Health Secretary Punya Salila Srivastava. She said this while addressing the annual India Leadership Summit 2024, organised by the US-India Strategic Partnership Forum here today. Punya said India has emerged as a global leader in pharmaceuticals, being the third-largest producer and a key supplier of generic medicines. This sector's success has resulted in substantial savings for healthcare systems worldwide, including a notable contribution to the US healthcare system.

Subscribe to enjoy similar stories. I see a personal trainer five days a week, and I am now in the best shape of my life. I could not have afforded Doug when I was younger—and I wouldn’t be able to now, either, but for technology.

Fisher-Price is recalling parts of over 2 million infant swings across the U.S., Canada and Mexico