Manufacturing Financial News
01.10 / 01:19
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IITs chase recruiters early to avoid a repeat of last year's scramble
Subscribe to enjoy similar stories. Placement teams at India’s top technology schools are chasing potential recruiters early to avoid a repeat of last year’s struggle to land jobs for their graduates, even as companies are still undecided about their hiring numbers. While recruiters from information technology and related services, core industries, manufacturing and banking sectors have started registering with the Indian Institutes of Technologies (IITs), the companies haven’t disclosed their targets for the batch of 2025, according to a placement officer at one of the new IITs.
30.09 / 23:21
markets
Citi
Manufacturing
economy
Kaiser
reports
Schools
economic data
US economic data could be highly bullish this week, says Citi's Stuart Kaiser
Fed rate cuts, and the past jobs data. However, Kaiser can now give a sigh of relief, as the market seems to be taking the course of normalizing and growth, as their is a chance of «hugely bullish» outcome for equities this week.
30.09 / 17:37
markets
UPS
Manufacturing
Trade
country
Schools
Interest equalisation scheme for exporters extended for another 3 months; capped at Rs 50 lakh
interest equalisation scheme on pre- and post-shipment rupee export credit for three more months till December 31 to promote the country's outbound shipments. The scheme, which provides exporters interest benefits, ended on September 30. In a trade notice, the Directorate General of Foreign Trade (DGFT) said, «Trade and Industry is hereby informed that the Interest Equalisation Scheme for Pre and Post shipment Rupee Export Credit, which had earlier been extended till September 30, 2024 has been further extended by three months up to December 31, 2024». It also said the fiscal benefits of each MSME, on aggregate, will be restricted to Rs 50 lakh for 2024-25 till December 2024.
30.09 / 16:57
markets
Manufacturing
performer
Schools
Courts
Relationships
TAFE locked in legal battle with US' AGCO Corporation over use of tractor brand Massey Ferguson in India
TAFE) is locked in a legal battle with US agricultural machinery manufacturer AGCO Corporation regarding the use of tractor brand Massey Ferguson in India. On Monday, NYSE-listed AGCO ‘terminated’ several agreements with TAFE, including the licence agreement of the Massey Ferguson brand in the Indian subcontinent despite a stay order from the Madras High Court, prompting the Indian company to file a contempt of court petition against the former. The latest development follows more than six decades of a commercial relationship between the two companies that has since turned sour.
30.09 / 15:07
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UPS
Manufacturing
economy
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reports
China factory surveys show economy weakening, as Beijing steps up support
The latest surveys of Chinese factory managers show the economy weakening in recent weeks, as the government ratchets up stimulus
30.09 / 14:35
markets
Manufacturing
Boxing
electronic
testing
Schools
Being a class one supplier allows us to get govt orders: TVS Electronics EMS CBO
TVS Electronics' Electronics Manufacturing Services (EMS) facility in Tumakuru, Karnataka that became operational ten months ago has been classified as a class one supplier of electronic components that allows them to get orders from the government and its agencies. Sathya Doraisamy, chief business officer of EMS at the company told ET, “We have been classified as a class one supplier. If you are a class one manufacturer, this means we will be able to get more orders from the government and other agencies.” The Chennai-headquartered company's facility in Tumakuru has an advanced Surface Mount Technology (SMT) line and offers solutions like printed circuit board (PCB) assembly, product testing, box building, and supply chain management.
30.09 / 12:47
markets
Progressive
Manufacturing
Tesla
SpaceX
Scottish Mortgage adds 'dazzling' Hermès and Nubank to portfolio
Baillie Gifford's flagship product, SMT, made a name of itself by being an early investor into some of the biggest drivers of market returns today, including Amazon, Tesla and SpaceX, to name a few. But managers Tom Slater and Lawrence Burns said in their latest ‘Perspectives on Progress' newsletter that «exceptional growth is not just the preserve of newer companies», and classed Hermès in this bracket. Scottish Mortgage carries out more than double its five-year share buyback average in 2024 A French luxury design house and manufacturer established in 1837, Hermès is renowned for...
30.09 / 09:13
markets
Manufacturing
Trade
country
electronic
Schools
Black Diwali for China? Modi's exhortation and India-China trade
Narendra Modi has appealed to the people to use ‘Made in India’ products during the ongoing festive season. Starting with Ganesh Chaturthi, the festive season will last nearly two months and include Navratri, Dussehra, Diwali and Chhath. This is the time when cheap Made-in-China goods flood Indian market. PM Modi has asked people to buy not just earthen lamps. «Merely buying earthen lamps is not ‘Vocal for Local'. You should promote local products made in your area more and more. Any such product, that has been made with the sweat of an Indian artisan, that is made on Indian soil, is our pride –– we always have to lend glory to this pride,” he said.
30.09 / 04:15
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FIVE
Manufacturing
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India’s drone market is soaring. Are these five stocks ready for lift-off?
Subscribe to enjoy similar stories. India is on the brink of a technological revolution, fuelled by its rapidly growing drone industry. Recent global conflicts, from Israel-Hamas to Russia-Ukraine, have demonstrated the growing importance of drones in modern warfare.
30.09 / 02:25
markets
Manufacturing
Platform
Analysis
Research
Trade
band
Rappid Valves shares to list today. Here's what to expect
Rappid Valves will debut on the NSE SME platform today. Ahead of the listing, the stock was commanding a GMP of Rs 90 in the grey market. Considering the upper price band of Rs 312, the stock is expected to list with a premium of 41% over the issue price.
30.09 / 02:25
markets
IPO
Manufacturing
Analysis
Research
Trade
Experts
Paramount Dye Tec IPO: All you need to know before subscribing
SME IPO of Paramount Dye Tec will open for subscription today and close on October 3. The company aims to raise nearly Rs 28 crore through the SME IPO and list the shares on NSE SME platform. Here are 10 key things investors need to know about the public offer before subscribing to the issue.
30.09 / 02:25
markets
Provident
Manufacturing
Platform
Analysis
Research
Trade
WOL 3D India to debut on NSE SME platform today. Check GMP ahead of listing
WOL 3D India will debut on the NSE SME platform today. Ahead of the listing, the stock was commanding a GMP of Rs 75 in the grey market. Considering the upper price band of Rs 150, the stock is expected to list with a premium of 50% over the issue price.
29.09 / 13:17
Provident
Manufacturing
Highways
Death
Bill
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California governor vetoes bill requiring speeding alerts in new cars
California bill would have required new cars to beep at drivers when they speed.
29.09 / 12:29
COST
UPS
Provident
Manufacturing
Assurant
Why texpreneurs are unable to capitalize on the shift from China & Bangladesh
Subscribe to enjoy similar stories. Coimbatore/Tiruppur/Erode: It was a call that made perfect sense. In November 2010, Narendra Modi, then the chief minister of Gujarat, visited Chennai and called on Tamil Nadu’s textile entrepreneurs to set up spinning units in his state.
29.09 / 10:25
markets
Provident
Digital
Manufacturing
security
country
Govt considering foreign investment regulatory mechanism for FDI supervision
«It has been observed that all countries do oversight on the FDI (foreign direct investment), which is coming into their country. People suggest that in India also, there should be an oversight mechanism. It's a kind of oversight on money, which is coming up in the country as FDI,» one of the sources said. It can help ascertain that the FDI coming into the country is beneficial to the economy and originates from legitimate sources.
29.09 / 06:21
markets
Manufacturing
Sustainability
wellness
RAI
reports
Schools
NLC India eyes critical mineral mining capacity of 1 MTPA by FY30
NLC India has said it is in the process of participating in the upcoming auctions of critical mineral resources and aims to achieve the annual capacity of mining one million tonnes of such materials by 2029-30. NLC India's core business include mining of coal and lignite as well as power generation. Having critical mineral capacity assumes significance amid increasing demand of these resources for a wide range of activities from semiconductor manufacturing to renewable energy projects, including those related to production of solar panels, wind turbines and advanced batteries for storage and transportation. «With the recent developments in renewable energy sector and the strategic importance of the critical minerals required for RE (renewable energy), we are in the process of participating in upcoming auctions and envision achieving a critical mineral mining capacity of 1.0 MTPA by 2029-30,» the company said in its recent report.
29.09 / 05:09
markets
UPS
Manufacturing
performer
country
India drops to 6th among emerging market peers after ruling at 1st for months
Subscribe to enjoy similar stories. India dominated Mint’s Emerging Markets Tracker holding the top rank for seven consecutive months, but fell to sixth position in August despite strong economic growth, robust manufacturing activity and moderating inflation.
29.09 / 01:35
UPS
Provident
Waters
Manufacturing
stage
information
Features
Amazon Great Indian Festival 2024: Up to 60% off on the best water purifiers from Aquaguard, Pureit, Havells and more
Best water purifiers in India: Top 8 RO and UV options for safe and pure drinking waterThe Livpure Allura Premia Water Purifier features 10-stage advanced purification technology, ensuring the highest water quality for your family. With a 7L storage tank, it includes an Alkaliser that enhances pH levels for optimal hydration.
28.09 / 21:17
markets
Manufacturing
CEO
trends
Schools
International
Pharmaceuticals
The CEO search challenge: Why finding top executives is taking longer than ever
It now often takes 9-12 months to fill a vacant CEO or CXO position, especially when the search is for seasoned professionals in specialised areas such as renewables, semiconductors, chemicals, hightech manufacturing, automotive and electric vehicles, pharmaceuticals and hardcore product engineering, they said. Usually, a senior executive search used to be closed in 3-4 months in times when the demand-supply mismatch was not so acute as it has been in the last one year. There is an increasing trend among senior professionals to have exploratory chats. Some may also not accept the offer made at the very last minute. It is all a result of a leadership market where demand for talent — especially in some of the newer areas — far out surpasses supply,” said the head of HR at a large industrial company, who did not wish to be named. This is one of the reasons why companies are increasingly building a leadership pipeline nternally, the HR head said. The internal candidate in such cases is given preference over an external executive even if the former is only 60% ready to take charge. But in case of specialised roles, often there is no option but to look for professionals outside.
28.09 / 11:07
UPS
Provident
Manufacturing
Align
Boxing
recommendations
Features
Amazon Great Indian Festival 2024: Minimum 50% off on Furniture and Mattresses
Additional Savings: SBI Bank cardholders can enjoy an instant discount of 10% on their purchases, plus you can enjoy a flat Rs. 600 cashback on a minimum order of Rs. 6,000, subject to certain terms and conditions. This is a fantastic opportunity to save even more during the Amazon Great Indian Festival, making your shopping experience both rewarding and budget-friendly! Best Deals on Furniture at
28.09 / 08:17
markets
Manufacturing
Platform
Remark
Experts
reports
Schools
Quick Commerce sale in India surge by 280 per cent over two years: Report
quick commerce industry has witnessed remarkable growth, with sales surging by more than 280 per cent over the last two years, according to a report by financial services firm Chryseum. The report highlighted that the Gross Merchandise Value (GMV) of quick commerce in India increased from USD 0.5 billion in FY22 to a staggering USD 3.3 billion in FY24, which is a 280 per cent increase. Quick commerce, which refers to the rapid delivery of small orders within a short time frame, is growing at a much faster pace than traditional e-commerce.
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