Manufacturing Financial News

«We see good opportunities in the pharma space, especially pharma generic exporter companies which have not performed well for many years. I think there are opportunities in the less popular sectors where money can be made over the next two to three years,» says Abhay Agarwal, Piper Serica. Which stocks are you probably going to keep in the family for a long, long time? HDFC Bank used to be considered a part of that family jewel. You also had the likes of Titan, etc. But all of these defensives are under pressure right now. Do you think it is time to churn the portfolio? Or if you have a long view, should you just stick with them? What is your view? Abhay Agarwal: Regarding HDFC Bank, and not just HDFC Bank but all private sector banks, this is not a buy or sell recommendation. We have not had HDFC Bank in our portfolio since January last year, once they announced the merger with HDFC Limited. The reason is that for large-cap private sector banks, the peak Net Interest Margin (NIM) is already behind us.

«Such indiscriminate import of waste/scrap tyres is not only an environmental and safety concern but also undermines the very purpose of Extended Producers Responsibility (EPR) Regulation on Waste Tyres which is in place since July 2022,» it added. Raising the concern, ATMA Chairman Arnab Banerjee said,«The import of waste/scrap tyres into India needs to be restricted through policy measures and, if necessary, allowed only in multiple cut or shredded form.»

Dr Reddy's Laboratories and Sun Pharma are recalling products in the US due to manufacturing issues, as per the latest Enforcement Report by the US Food and Drug Administration (USFDA). According to the report, Dr Reddy's Laboratories is recalling drugs to treat insomnia and gout in the American market. New Jersey-based Dr Reddy's Laboratories, Inc., a unit of Hyderabad-based drug major, is recalling 13,752 bottles of Eszopiclone tablets, the USFDA stated. The affected lot has been produced at Dr Reddy's Bachupally plant in Telangana.

BYD has signed a contract to build a $1 billion factory in Turkey, stepping up its efforts to expand internationally. This calculated action seeks to support BYD's ambition to lead the world EV market. According to a statement shared on X, Turkey's industry minister Mehmet Fatih stated the factory will start production by late 2026. It is anticipated to increase BYD's capability for European vehicle manufacture, with an approximate yearly production capacity of 150,000 vehicles.

Modarres military base and the Khojir missile production complex near Tehran, as reported by Reuters. Key Sites and Developments The imagery from Planet Labs shows structures surrounded by large dirt berms, which are typical for missile production to prevent explosions from spreading. Jeffrey Lewis from the Middlebury Institute of International Studies at Monterey noted that construction at Khojir began in August last year, while Modarres' expansion started in October.

Tampons sold under various popular brands may contain toxic metals such as arsenic and lead, according to a recent study out of the University of Berkeley in California.

electric vehicle (EV) policy to incentivise automakers that have already made investments in the country, people in the know told ET. This comes as US electric carmaker Tesla Inc is still to make any firm commitment on building a factory in India. The policy, which aims to accelerate the local manufacturing of high-end electric cars, currently supports only fresh investments. Consultations are also on with stakeholders on another key issue troubling carmakers. Govt Preparing SOPs The government may potentially consider investments in plants producing both internal combustion engine and electric vehicles as eligible for incentives to add scale and make large investments viable for automakers, the people said. About half a dozen carmakers such as Volkswagen-Skoda, Hyundai-Kia and VinFast have expressed interest in the new policy, the Scheme for Manufacturing of Electric Cars (SMEC), the people said.

Reuters on Wednesday reported that India plans to increase state subsidies on rural housing in the upcoming federal budget by as much as 50% from the previous year to more than $6.5 billion. “The rural development ministry has proposed to aid construction of another 20 million houses under Awas Yojana (rural) in the next five years.

an election year’. Investors looking for stability shifted their focus to strong fundamentals and a few promising sectors rather than betting on the overall market. With the economy battling inflation and high interest rates, companies had to find a way to take advantage of the country's economic growth.

Reliance, while Investec and Morgan Stanley have a 'buy' and 'overweight' call on M&M, respectively. Axis Capital has downgraded ICICI Bank to 'add' from 'buy', while Ambuja Cements received a double upgrade from Nomura. Morgan Stanley has maintained an 'overweight' call on IndiGo. We have collated a list of recommendations from top brokerage firms from ETNow and other sources:

₹10,000 crore to fund 7,090 buses, 500,000 three- wheelers, 55,000 cars and 1 million two-wheelers. This scheme ended in March 2024. An electric mobility promotion scheme (EMPS) was launched in the interim before a third version is rolled out in the budget.

Mint soon after a town hall with engineers at Siemens Ltd, the conglomerate's Indian subsidiary. On Thursday, Siemens shares touched a lifetime high of ₹7950, marking an 112.43% return on investment over the past year. India's economic growth rate of 6-7% significant and speaks for itself; however, if the share of industry in India's GDP grows from the current 17% to 25%, this would add a potential $1 trillion to the economy, he added.

Reasons to buyReasons to avoidThis diaper bag by Baby Bucket combines functionality with adorable design, featuring a spacious interior for organizing baby essentials like diapers, wipes, and bottles. It includes multiple compartments for easy access and organization, making it ideal for outings and travel.

SME IPO of Ganesh Green Bharat will open for subscription today and will close on June 24. The company aims to raise about Rs 125 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. 1) About Ganesh Green Bharat

Indian stock market has emerged as the undisputed champion of global equities in the past year. Leaving even the tech-heavy NASDAQ in the dust, the MSCI India index has skyrocketed over 36%. This isn't just a story of the big players.

₹11,000 crore container PLI scheme to be spread over a nine-year period, beginning 2024-25. The plan was to manufacture 20 feet and 40 feet length containers of various configurations. The aim of this scheme was to raise domestic manufacturing of containers so that India could potentially compete with China over it and garner at least 10% of demand from global liners.

artificial intelligence to enhance its processes across the project life cycle, company's chairman and managing director S N Subrahmanyan said on Thursday. To fuel this innovation, the company has launched a collaborative platform connecting aspiring data scientists with domain experts and technology champions to develop cutting-edge, future-proof solutions, Subrahmanyan said during 79th Annual General Meeting. «Generative artificial intelligence (GenAI) has emerged as a game-changer, and the company is leveraging its power to enhance its processes across the project life cycle — from tendering to contract management to design, execution, and operation & amp;maintenance,» he said.

Nikki Ferreira had been married to her husband Steve for 20 years. They worked together, raised a daughter and knew one another’s quirks, and what she unequivocally understood about her spouse was that it was next to impossible to talk him out of any idea that got lodged in his brain.

IPO) of Bansal Wire sailed through on the first day of the bidding process, driven by robust interest from retail and non-institutional investors. Both NII and retail categories were fully subscribed, while the QIB portion lagged with no bids. The public offer is being conducted via the book-building process, with approximately 50% of the issue reserved for qualified institutional buyers, 35% for retail investors, and 15% for non-institutional investors.

BEIJING — China's real estate problems may be massive, but analysts expect the upcoming Third Plenum to focus on other areas — such as high local government debt levels and a push for advanced manufacturing.

Due to a shock hazard, a California company is recalling nearly 1 million power adapters sold with sound machines marketed to help infants and young children sleep