Manufacturing Financial News

«Various companies are implementing massive projects across the country on green. So far as green is concerned, the discourse has actually changed to 24 by 7 green power, which means the conversations are now about storage,» says Vinayak Chatterjee, The Infravision Foundation. My next question is perhaps based on what you also flagged off right now, which is that new sectors are taking over. Old sectors or traditional sectors are taking a backseat. But the analyst in Bombay also focuses on two big sectors, which is steel and cement. Now, if the new sectors are taking over, old sectors from a private sector capex standpoint, they could take a backseat. So, do you think indirectly, it could have impact on steel and cement demand also, which should grow ideally when the economy is booming, but which may not grow because of new capex? Vinayak Chatterjee: Now, unfortunately, I have to agree with you again.

Tata Electronics has signed a Memorandum of Understanding (MOU) with ASMPT Singapore to collaborate on establishing semiconductor assembly equipment infrastructure and solutions.

A site in New York state has been chosen to build trains for a new high-speed rail line being constructed between Las Vegas and the Los Angeles area

In an interview with ETMarkets, Ramdas said: “India deserves to trade at a premium, and that’s completely alright. There are specific stocks and sectors, however, that investors must be wary of” Edited excerpts:

Apple supplier Jabil will set up an electronics manufacturing facility in Trichy with an investment of Rs. 2000 crore, Tamil Nadu CM MK Stalin said on Tuesday.

₹1.52 trillion ($18.1 billion) under his watch. Going forward, a number of key announcements from the proposals on India’s table are further expected, as a three-day inaugural edition of ‘Semicon India’ gets underway in Uttar Pradesh’s Greater Noida. Ajit Manocha, president and chief executive of US-headquartered global industry body, Semiconductor Equipment and Materials International (Semi), added that the conference is expected to host “over 250 companies from the entire semiconductor ecosystem, from 24 different nations".

Electric Mobility Promotion Scheme (EMPS) till the government launches the third edition of its flagship incentive programme Faster Adoption and Manufacturing of Electric Vehicles (FAME), union minister for heavy industries HD Kumaraswamy said on Monday.

Northvolt AB will cut a large number of jobs and sell or seek partners for its energy storage and materials businesses as Europe’s leading battery hope aims to survive by refocusing on its struggling first gigafactory in northern Sweden.

Air Canada says it’s making plans to suspend flights beginning on Sept. 15 if a new contract is not reached with the union representing more than 5,000 pilots.

Electric Mobility Promotion Scheme (EMPS) till the launch of the third edition of its flagship incentive scheme FAME (Faster Adoption and Manufacturing of Electric Vehicles), Union Minister for Heavy Industries H D Kumaraswamy Monday said. EMPS was scheduled to be in force till Sep 30. But the announcement for benefits to support adoption of e-mobility is likely to take another two months, Kumaraswamy said recently, necessitating an extension. “It will be extended till FAME comes,” Kumaraswamy said at the 64th Annual Session of the Automotive Component Manufacturers’ Association (ACMA).

China deepened its push to further open up the economy, eliminating restrictions on the manufacturing sector and expanding opportunities for foreign investment in the health sector in an effort to revive growth. The Chinese government will reduce its list of industries off-limits to foreign investors to 29 from 31 and fulfill its pledge of zero restrictions on the manufacturing sector, the National Development and Reform Commission and the Commerce Ministry said in a joint statement on Sunday. The new list, set to take effect Nov.

exports could increase to over Rs 80,000 crore in the next four years provided the industry is facilitated with conducive environment, according to a report by AFCI and EY. A report by Industry body Agro Chem Federation of India (ACFI) and EY titled 'Indian Agrochemical Industry: The Story, the challenges and the aspirations' noted that the exports of agrochemicals stood at Rs 43,223 crore in the 2022-23 fiscal. «India's Agrochemical exports outweigh the domestic consumption of the same. The Indian exports by agrochemical industry have witnessed commendable growth in recent times,» said the report which was released at the 7th AGM of ACFI held recently. ACFI said that the government must focus on facilitating a conducive environment which includes streamlining licencing norms and improving infrastructure for storage and sale, incentivise biopesticide production, streamline registration process for new molecules, enter trade agreements with countries with more relaxed MRL norms, introduce PLI-like scheme to attract investment from global players.

BMW has expressed reservations about investing under India's new electric vehicle (EV) manufacturing policy, citing concerns over the lack of recognition for companies with a long-standing presence in the country. According to Vikram Pawah, President of BMW India, while the policy supports the EV market, it overlooks the contributions of established players like BMW who have been operating and investing in India for years. Pawah explained that the current policy does not create a level-playing field, as it treats new entrants and existing companies alike without considering the latter's prior investments in the country. “The threshold for investment should have been different for a new player versus someone who has already been here. We want our previous investments to be recognized… We need a level-playing field,” Pawah told The Times of India. BMW is among a growing number of companies that are reluctant to engage with the policy, which was introduced in mid-March 2024 to entice foreign carmakers, notably Tesla, to invest in India's burgeoning EV market. However, Tesla remains hesitant, and many other multinational firms, including BMW, have not been enthusiastic about the policy’s current framework.

hyper-growth stocks in India, a few names consistently pop up on investors' radars. One company that has grabbed headlines is Dixon Technologies, and it’s easy to see why. As India’s economy booms and Production Linked Incentive (PLI) schemes provide tailwinds, Dixon has emerged as a frontrunner in the Indian manufacturing story.

These Indian Warren Buffetts are the ones who are known widely for their value investing approach and long-term vision. When they pick stocks, it sends the investor circles and Whatsapp groups in an overclocking mode. So, it makes sense to know about the stocks these Indian Warren Buffets are betting big on, especially now that the Sensex is continuing its bullish run.

BCG index). India, on its part, has a relatively inexpensive but strong talent pool in software engineering, industrial equipment and IC design, and is home to over 2,000 semiconductor design engineers.

«Initially, yes, there is always a resistance to the change. We might see some of that impact happening. Also, we have to understand that market has been moving in one direction for quite a long time. Now, everybody has been waiting for some kind of correction,» says Daljeet Kohli, Head Equity Roha Asset Managers. Do you think aside of the global weakness, part of the fear in the market right now also could be with news around the sebi F&O norms? Daljeet Kohli: Yes, I think that would be one of the considerations because these days markets we know that 95%, 98% of the total market volumes are F&O. So, most people are worried about how things will pan out over the period and the way things are being talked about, more strictness there.

US India Strategic Partnership Forum spoke with ET on potential of the partnership and what to expect from the meeting of top military manufacturers, startups and venture capital firms that are gathering at the Stanford university to identify future military challenges, emerging disruptive technologies and jointly develop solutions for the armed forces. Particular interest is expected in startups that have focused on Artificial Intelligence, cybersecurity and autonomous systems. The summit will take forward the top level Initiative on Critical and Emerging Technology (ICET) initiative signed between the two nations. Question: What is the idea behind the INDUS-X summit and what outcomes are hoped to be achieved? Mukesh Aghi, President USISPF: This edition of INDUS-X is themed “harnessing investment opportunities to enhance cross-border defense innovation ecosystems". It is an exciting intersection since this is the first time INDUS-X is being hosted at Stanford and Silicon Valley, which will be the link for startups and VCs with the defense industry and policymakers and fortify defenses in the 21st-century era of autonomous weapons and new threats.

ET Intelligence Group: Jharkhand-based Kross, a manufacturer of components for commercial vehicles, plans to raise ₹500 crore through an initial public offering. The IPO comprises a fresh issue of ₹250 crore with the proceeds to be used for capacity expansion and loan repayment and an equal amount of shares offered for sale by the promoter. Following the IPO, the promoter's stake will decrease to 68% from 100%.

ET Intelligence Group: Tolins Tyres, a manufacturer of tread rubber and tyres, is aiming to raise ₹230 crore through an initial public offering. The IPO will consist of a fresh issue of shares worth ₹200 crore, which will be used for loan repayment and to enhance working capital, while the rest will come from an offer for sale by its promoters. The company's go-to-market strategy involves utilising dealers and distributors (B2C), focusing on fleet operators by offering quality comparable with leading tyre brands at a significant discount. In contrast, its competitors have concentrated on state transportation businesses (B2G), compressing net margins.

iPhone 16 series will be available across the world within the first few days of the launch of sales, multiple people familiar with the matter told ET. Apple is scheduled to unveil the latest range on Monday and worldwide sales are likely to begin within 10-12 days. Foxconn has commenced production of the iPhone 16 series in India, to be exported and made available in multiple cities and countries, officials said.