Manufacturing Financial News

Pepsi and Coca-Cola, a staple of countless Indian television advertisements over the decades, seems set to spill over into the Indian stock markets. Ravi Jaipuria, chairman of RJ Group, began his career as a vendor for Coca-Cola before switching allegiance to Pepsi in the 1990s. His group's flagship company, Varun Beverages, now stands as the largest bottler of PepsiCo's beverages globally, outside the US.

Vinit Bolinjkar, Head of Equity Research, Ventura Securities, says he is constructive on Shalby Hospitals and thinks the stock can touch Rs 500 in the next couple of years. The second stock he likes is NTPC and says the NTPC green IPO should lead to a significant re-rating of the stock. He also expects a 50% upside on Senco Gold. He is also gung-ho on Wockhardt where he expects outsized disproportionate returns given that the company is coming out with a new molecule which, once it goes into commercial production, may see the stock double. Now that TCS has kick-started the earning season, what do you make of this quarter that has gone by? We did have some headwinds coming by. There was a heatwave, elections and so lots were happening in this quarter. Give us a generic view and also your specific view on what IT companies are expected to do and how their numbers are expected to look given TCS has come out with a stellar set of numbers. Vinit Bolinjkar: TCS and Tata Elxsi numbers are slightly lower than those reported in the previous quarters, but the growth trajectory that both the companies have guided for is resoundingly strong and the pipeline also seems to be improving and getting better.

Rakesh Sharma, ED, Bajaj Auto, explains the logic behind launching a CNG motorcycle. He says the company expects this to be a pivotal point in the development of the two-wheeler industry in the country. And if we have to take the government at face value, which there is no reason to disbelieve, the CNG network is going to grow even further and faster, every month 100 new pumps are being added. That means CNG will have ubiquitous availability. At this point, their estimate is only 60%, but it will go to 80%. Let us begin with this CNG bike launch. What is the value proposition of this model versus the EV and the ICE models? Rakesh Sharma: Well, for the full lowdown you will have to come to Pune on 5th; by 2 pm we are unveiling the new bike. For now, suffice to say that it is the outcome of a very intense exercise over the last two to three years. We will be showcasing through this, the power of innovation at Bajaj Auto. It addresses a very large market size. Almost 70% of the one million per month market of motorcycles has some level of sensitivity to fuel economy.

electrolyser manufacturing under the production-linked incentive (PLI) scheme, have conveyed to the government that they will be able to commission their units by next year, ahead of the 2026 deadline, said people aware of the development. This will be a boost to India's green ambitions as electrolysers are essential for green hydrogen production. John Cockerill Greenko Hydrogen, L&T Electrolysers, Reliance Electrolyser Manufacturing and Adani New Industries see their manufacturing units ready by 2025.

Adani Group, and India, have scripted history with a big cargo ship called San Fernando from China arriving at Kerala's newly built Vizhinjam International Sea Port. The 300-metre-long San Fernando, operated by Maersk, one of the world’s leaders in shipping and logistics, is the first commercial container cargo vessel to dock at India's largest transhipment port. Kerala Chief Minister Pinarayi Vijayan and Union Minister for Ports, Shipping, and Waterways Sarbananda Sonowal formally welcomed the ship. «The commissioning of Vizhinjam Port has started a new chapter in the development of Kerala. This moment is a matter of pride for our country too,» Vijayan said. «This milestone marks India's entry into global transshipment and ushers in a new era in India's maritime logistics, positioning Vizhinjam as a key player in global trade routes. Jai Hind!» Adani Group chairman Gautam Adani wrote on X. Karan Adani, Managing Director of Adani Ports and SEZ Limited (APSEZ), said in a statement, “San Fernando – now berthed at our harbour — is a symbol of a new, glorious achievement in Indian maritime history… No other port in India – including our own highly advanced Mundra Port – has these technologies. What we have already installed here is South Asia’s most advanced container handling technology. And once we complete the automation and the Vessel Traffic Management System, Vizhinjam will be in a class of its own as one of the most technologically sophisticated transshipment ports in the world.”

Companies making smartphones, refrigerators, wearables and twowheelers said they are producing up to 20% more inventory than last year for the upcoming festive season. They expect a demand revival during the country’s largest consumption period on the back of a good monsoon and stable inflation. “There’s pent-up demand in rural India, which will be unleashed by the monsoon. People there have not bought much in the past five years, which is Covid onwards, while the premiumisation trend is continuing strong in urban India,” said Kamal Nandi, business head at Godrej Appliances.

government scheme to promote adoption of electric vehicles, sections of EV makers said this time they wanted a subsidy policy with a definite timeline, rather than one that would be abruptly cut off like the previous one. «New changes are too sudden, especially for the automobile industry with its long lead times. We would want the new subsidy regime to last for at least two to three years to truly benefit the industry,» Amitabh Saran, chief executive of electric three-wheeler maker Altigreen, told ET. The Faster Adoption and Manufacturing of Electric Vehicles (FAME) scheme was originally launched in 2015 to encourage the adoption of electric and hybrid vehicles. Under it, a subsidy was provided to EV makers who used it to lower the prices of their products. The second edition, FAME-II, was introduced in 2019 and went on till March 2024 when it was scrapped. There has since been a steep slowdown in EV sales, according to a report by the Federation of Automobile Dealers Associations.

Rekha Jhunjhunwala has trimmed her stakes in smallcap counter Raghav Productivity Enhancers in the quarter ended June 30, 2024. Her holding as on this date stood at 4.98%, down by 8 bps from 5.06% in the previous quarter. The stock has rallied 70% in the last 12 months and its returns in 2024, so far stand at 19%. The outperformance over Nifty is more than two-fold over a 1-year period.

Sudeep Pharma Private Limited's promoters have completed the acquisition of shares from their joint venture partners - JRS PHARMA, regaining 100% ownership of the company. This strategic move represents a significant step in Sudeep Pharma’s ongoing growth and development, enabling the company to pursue its vision.Promoters of Sudeep Pharma, Mr.

TCS, HCL Tech, Anand Rathi Wealth, Prestige Estates, RIL among others will be in focus due to various news developments and first quarter results. HCL Tech, IREDA Shares of HCL Tech and IREDA will be in focus as the companies will announce their respective first quarter results today.

The weight-loss drug Wegovy has been bombarding TV commercial breaks with ads, more than a year after its manufacturer, Novo Nordisk, limited starter-dose supplies in the U.S. to get a handle on demand. An ad titled “Discover the Power," part of a national advertising campaign called “The Power of Wegovy" that was announced in June, aired 6,271 times on national traditional TV between June 3 and June 25, according to TV ad-tracking firm iSpot.tv.

₹7.09 trillion in FY24 from ₹2.58 trillion in FY20 and ₹1.41 trillion in FY15. Kapoor expects this amount to grow significantly as PLI schemes for auto, semiconductors, medical devices, drones, white goods, and computer hardware gain traction.

For the first time in years, car shoppers are having an easier time finding a deal as the auto industry bounces back from supply chain woes — and experts say the outlook could get even better.

Hyderabad (Telangana) [India], July 8: : Hyderabad based leading socks and cotton products manufacturing company Filatex Fashions Ltd has approved 1:5 (5-for-1) stock split to enhance the liquidity in the capital market and widen shareholder base. Approved sub-division of existing 1 equity share of Rs. 5 face value into 5 equity shares of Rs.

HCLTech chairperson Roshni Nadar Malhotra was conferred France's highest civilian honor, the Chevalier de la Légion d'Honneur (Knight of the Legion of Honour), the company said on Monday. The award, which is conferred for outstanding service to France, recognised Nadar Malhotra’s business and sustainability contributions and efforts to promote economic ties between France and India, HCLTech said.

Best leather recliners: 10 picks for ultimate luxury4. Home Centre Emily Fabric 5 Seater Sectional Sofa SetThe Home Centre Emily 5 Seater Sectional Sofa Set provides plenty of seating space with a modern touch. It comes with a three-seater sofa and a two-seater sofa, both upholstered in durable polyester fabric in a calming beige colour.

Bajaj Auto's CNG-run Freedom 125, Roads Minister Nitin Gadkari said that the variant would become the preferred 2-wheeler choice abroad given the cost-savings it offers. The CNG bike will start at Rs 95,000 and will go up to Rs 1.10 lakh. The CNG motorcycle will offer a range of 330 kilometre. It will have a 2 kilogram CNG tank along with a 2 litre petrol tank. The CNG tank is housed under the seat.

IPO) of Emcure Pharmaceuticals will open for subscription today. Ahead of the issue opening, the company raised Rs 582 crore from anchor investors. Marquee investors who participated in the anchor round include HDFC MF, ICICI Pru MF, SBI MF, Abu Dhabi Investment Authority, Goldman Sachs Asset Management, Nomura, HDFC Life among others.

China), said the company's current focus is solely on its Bengaluru facility. “While we acknowledge the complexities surrounding ownership, that is an issue for the future. We will address it when the time comes," he said, replying to a question from Mint on the need for an Indian partner on the sidelines of a media interaction on Wednesday.

commerce ministry on Wednesday clarified that the interest equalisation will be capped at Rs 1.66 crore per IEC (import-export code) for the July 1-August 31 period. Last month, the government extended the interest equalisation scheme (IES) on pre- and post-shipment rupee export credit for two months to promote the country's outbound shipments. The scheme, which provides exporters interest benefits, ended on June 30 this year. In a trade notice, the Directorate General of Foreign Trade (DGFT) said the scheme extended on June 28, 2-24 is applicable only to MSME manufacturer exporters, who are eligible for IES benefit of 3 per cent.

capex agenda and retain focus on fiscal discipline, PSU stocks from the stable of railways and defence are leading the bull run with up to 77% return in just one month. A pre-Budget rally has taken most of these PSU stocks to fresh all-time high levels even as purists find the valuations to be quite bizarre when compared to their fundamentals. The current leg of the bull run has been largely led by Modi stocks — being used to denote scrips related to capex and infrastructure-linked sectors.