Manufacturing Financial News

27.07 / 12:20

UPS Digital Manufacturing Strategy economy wellness country 'We are determined to transform Gujarat into a $3.5 trillion economy by 2047', says Gujarat CM Bhupendra Patel

Gujarat Chief Minister Bhupendra Patel emphasised that Gujarat is advancing towards becoming a USD 3.5 trillion economy by 2047.

27.07 / 07:42

markets Manufacturing Assurant security economy Experts country FPIs pump in Rs 52,910 crore as Budget aims to foster stable investment environment

equity and debt this month (till July 26). FPIs were consistent buyers as the Union Budget 2024-2025 focused on fostering a stable and mature equity investment environment.

27.07 / 01:49

Waves Manufacturing CEO Enterprise wellness electronic exclusive India is doing a factory reset on the jobs scene

India and the government's budget boost for factory jobs might just be the catalyst to turn a swell into a wave.

27.07 / 01:38

Manufacturing Mobile Food wellness cover electronic Pharmaceuticals Textiles and pharma PLI schemes likely to see longer product list

benefits of production-linked incentive (PLI) schemes in textiles, food processing and pharmaceuticals to more products in these sectors, said people with knowledge of the matter. “There are two-three sectors where expansion of products in PLI is proposed which is at the cabinet level. More products are proposed to be added in sectors such as textiles,” said an official.

26.07 / 16:34

Progressive Manufacturing Strategy Apple trends reports Apple supplier Foxconn to lead production of iPhone 16 Pro and Pro Max to be assembled in India: Report

Apple's production operations have been concentrated in China, with major partners such as Foxconn, Pegatron, and Wistron handling much of the assembly. However, this new strategy signals a shift in Apple's manufacturing paradigm, reflecting a broader trend of diversifying production capabilities.

26.07 / 16:20

UPS Target Manufacturing Mobile wellness reports Centre extends EV subsidy scheme EMPS to September-end

Electric Mobility Promotion Scheme (EMPS) 2024 by two months from July 31 to September-end. The scheme's outlay has also been enhanced to Rs. 778 crore from the initial Rs 500 crore meant for subsidising sale of electric two and three wheelers, an official statement said.

26.07 / 14:30

UPS Manufacturing Apple Align reports Apple reduces iPhone prices in India by up to ₹6,000 with a new customs duty structure

cut prices across its entire line of iPhones by three to four per cent. This change is expected to benefit customers purchasing Pro and Pro Max models, who can save between ₹5,100 and ₹6,000.

26.07 / 13:01

UPS Manufacturing CEO community Investigations boating Company says manufacturing problem was behind wind turbine blade breaking off Nantucket Island

The maker of a massive wind turbine blade that broke apart off Nantucket Island says a manufacturing problem was responsible

26.07 / 13:00

COST Citi Waters Manufacturing wellness Fishing Wildlife Monsanto agrees to $160 million settlement with Seattle over pollution in the Duwamish River

Ending an eight-year legal battle, chemical giant Monsanto has agreed to a $160-million settlement with Seattle for its part in polluting the Lower Duwamish River with toxins that posed a threat to humans, fish and wildlife

26.07 / 11:28

UPS Citi Manufacturing stage country innovations Department India to get 12 new industrial cities to boost manufacturing; DPIIT to approach Cabinet

New Delhi: The country will have 12 new industrial cities in different states like the ones developed in Greater Noida, Uttar Pradesh and Dholera in Gujarat to further boost domestic manufacturing, a top government official said. Out of this, two are coming up in Andhra Pradesh and one in Bihar.

26.07 / 10:42

markets Manufacturing Mobile Apple WhatsApp Experts Apple reduces prices of iPhones across models

Apple has cut the prices of iPhones by 3-4% across its entire portfolio allowing customers to save anywhere between Rs 5100 to Rs 6000 if they are buying a Pro or Pro Max model. The Made-in-India iPhones including 13, 14 and 15 have also seen a decrease of Rs 3000 while iPhone SE will be cheaper by Rs 2300.

26.07 / 10:24

Target Manufacturing Sustainability wellness Profiles FY25 Budget confirms new govt's commitment to reducing fiscal deficit: Fitch

Fitch Ratings on Friday said India's post-election budget confirms that the new administration remains committed to reducing the fiscal deficit for FY25 and FY26, despite demands of the coalition government. In the FY25 budget, the government has lowered the Centre's fiscal deficit target for the year ending March 2025 to 4.9 per cent of GDP, from 5.1 per cent in February's interim budget.

26.07 / 10:04

markets UPS IPO Manufacturing security Pharmaceuticals Standard Glass Lining Technology to raise Rs 600 cr via IPO, files DRHP with SEBI

Standard Glass Lining Technology Limited on Friday said it has filed a Draft Red Herring Prospectus (DRHP) with the capital markets regulator Securities Exchange Board of India (SEBI) to raise Rs 600 crore through an initial public offer (IPO). The city-based firm in the DRHP said the public issue comprises a fresh issue of shares with a face value of Rs 10, aggregating up to Rs 250 crore and an offer for sale of 18.444 million shares of Rs 10 each, aggregating up to Rs 350 core.

26.07 / 08:08

markets Digital Manufacturing Enterprise wellness cover Schools ITC announces Rs 20,000 crore investment across businesses

ITC Ltd is going to invest Rs 20,000 crore in the medium term across businesses, chairman and managing director Sanjiv Puri told shareholders on Friday.

26.07 / 06:15

markets Provident Target Manufacturing Enterprise country Department BSNL’s subscriber count is surging. These four stocks could benefit.

Indian telecom market operates as an oligopoly, with a few major players offering similar services and greatly affecting pricing. When one company lowers prices the others typically follow suit, but the reverse is not always true. We saw an instance of this when Reliance Jio entered the market, prompting price cuts across the board.

26.07 / 06:01

markets Citi FIVE Manufacturing Diversity electronic reports Industrial & warehousing demand remains healthy with about 13 mn sq ft of leasing in H1 2024

leasing activity in H1 2024 and 17% y-o-y growth, as mentioned by Colliers in its latest report.

26.07 / 05:45

MET Aviat Manufacturing Sustainability Food Sugar industry body proposes bio-refinery transition plan to govt

Sugar industry body ISMA on Thursday said it has presented a plan to the government to transform sugar mills into bio-refineries, aiming to boost production of sustainable aviation fuel and other green energy sources. The representatives of the Indian Sugar & Bio-Energy Manufacturers Association (ISMA) met with Food Minister Pralhad Joshi to discuss a policy framework for the transition, which would expand beyond current ethanol, bioelectricity, and biogas production, a statement said.

26.07 / 01:30

markets UPS Aware Manufacturing Apple Research wellness Foxconn eyes major expansion in India: Plans to assemble Apple iPads at Tamil Nadu facility

Foxconn is evaluating plans to assemble Apple’s flagship tablet iPad in India, marking a significant expansion of its current operations focused on making iPhones, multiple people aware of the developments told ET.

26.07 / 01:30

markets Target FIVE Manufacturing security Research wellness Brokerage Picks: Stocks likely to gain big from Budget measures

infrastructure spending and increased focus on agricultural research and horticulture. The consumption sector is also expected to benefit from certain incentives announced, while housing finance and cement stocks are likely to be among key beneficiaries. Here are 15 stocks, five each from the large-cap, mid-cap, and small-cap segments from leading brokerages that could be key beneficiaries of the budget measures. JM FINANCIAL SERVICES RESEARCH

26.07 / 01:14