Manufacturing Financial News

Allied Blenders and Distillers received a robust response from investors for its IPO with an overall subscription of 24 times at close. The company will likely finalise the share allotment today. Investors can check the status of their share allotment on the BSE or even by logging in to the registrar website. Firstly, here's how you can know the status on BSE

An analysis of equities over the past four quarters revealed nine stocks that have consistently achieved gains of at least 25% in each of the last four quarters, thereby transforming into multibaggers.

Bharat Heavy Electricals (BHEL), a leading engineering and manufacturing company in the energy and infrastructure sectors, have gained 4% to ₹308 apiece in today's early morning trade after the company secured a significant contract to establish a 1600 MW thermal power plant in Koderma, Jharkhand.Commensurate with the goal of the central government to ensure the energy security of the country, DVC has finalised the tender for the engineering, procurement, and construction (EPC) package of Koderma TPS (2X800 MW) in Jharkhand with Bharat Heavy Electricals for ₹13,300 crore on June 26, 2024, a power ministry statement said.With this investment, which would also have a substantial impact on the local economy and benefit people, the installed thermal generation capacity of DVC would go up to 8140 MW by 2030.The company has secured significant orders in FY24, marking a notable achievement. Among the major orders received last year are the EPC orders for Yamuna Nagar, Lara Super Critical Power Plant, and Raigad Super Critical Power Plant from the Adani Group.Additionally, the company received orders for 80 Vande Bharat trains and 20 super rapid gun mounts for naval ships, with the contractual delivery of Vande Bharat trains set to begin in June 2025.The company has focused heavily on defence, securing a large volume of orders over the past 1.5 years.

Medicamen Organics listed with a premium of 305.44% on the NSE SME platform on Friday. The stock debuted at Rs 137.85, compared with an issue price of Rs 34 Ahead of the listing, the company's shares were trading with a premium of Rs 50 in the unlisted market.

₹137.85 apiece on NSE SME, a premium of 305.44% to the issue price of ₹34 per share.Medicamen Organics IPO listing was stronger than the market expectations. Medicamen Organics IPO GMP today ahead of the listing was ₹70 per share, indicating a listing premium of more than 205%.The initial public offering (IPO) of pharmaceutical dosages manufacturer Medicamen Organics Ltd was launched on June 21 and the bidding ended on June 25.

Vraj Iron and Steel IPO price band of ₹195 to ₹207 per equity share, aiming to raise ₹171 crore from its public offer through the issuance of fresh shares. The strong subscription status in the primary market suggests a positive sentiment towards this mainboard IPO.

«I would say at this point, wait. I know I think markets will react as they are, markets will just be markets and throw volatility at you just to excite you all the time. But I think at some point, we got to wait to get some reaction from the companies and see some numbers in the results,» says Deepak Shenoy, Founder, Capital Mind. Just wanted to get your views on the IT sector that we are trying to get the conversation going with. What is the view? Deepak Shenoy: So, I think we will wait for results. Basically, because the problem right now that you are seeing in the IT sector is that you are not really sure of the spends that are happening abroad. And a lot of places you are having issues, specifically in Japan and in Europe, you are having a different, more recessionary impulse there. America, you are having a different situation where spending has actually slowed down quite a bit and then they are not actually giving you big deals.

semiconductor design company Synopsys will help Tata Electronics ramp up designing of custom semiconductor products, help in factory automation, data analytics, computer-aided design and supply product design kits, and develop intellectual property for chip fabrication, chief executive Sassine Ghazi told ET. Ghazi met Tata Electronics CEO Randhir Thakur and Tata Sons chairman N Chandrasekaran in Mumbai. He also held talks with Ola Cabs chief Bhavish Aggarwal in Bengaluru.

Mexican border using the rules framed under the US-Mexico-Canada Trade Agreement. The average price of an EV vehicle manufactured in the US is $55,000 and the Chinese vehicles are priced at half this rate. The US has many options to tackle what may be termed as an “unfair trade practice”. There are several economic and social consequences, the US will need to deal with. The primary concern is related to job loss. The American automobile industry is threatened by this.

Raghuvanshi on Thursday said the risk-based inspections based on revised Schedule M of the Drugs and Cosmetics Act will begin from July 1. «We will make a framework (for the risk-based inspection). We will switch the checklist and the questions which we look at when we go there (for audits),» Raghuvanshi said on the sidelines of an Indian Pharmaceutical Alliance (IPA) event. Raghuvanshi said there would be surprise inspections, which would take 3-4 days.

Tesla must fix air quality problems at its electric vehicle manufacturing facility in the San Francisco Bay Area after racking up more than 100 violations for allegedly releasing toxic emissions into the atmosphere over the last five years

One of the benefits often cited by small-business owners is the ability to write off various expenses for tax purposes. The misconception about what can be legitimately written off brings to mind one of my favourite Seinfeld episodes, The Package, in which Kramer convinces Jerry to say his stereo was broken during shipping to collect a $400 insurance payment from the post office.

Radhakishan Damani and related entities sold around 6.91 crore shares or about 24% stake in India Cements to Ultratech Cement through a block deal. The total stake sold by Damani and his entities comes to around 24% and the sale was done at an average price of Rs 277 apiece. Through the deal, Damani and his controlled entities bagged around Rs 1,914 crore.

Understanding water contaminationBefore you finalise a water purifier, it is important to understand the different technologies used to ensure pure and safe drinking water. Following are some of the popular purifications methods used in modern water purifiers:Livpure Glo Pro Plus RO + UV + UF + Mineraliser Water Purifier, 7L:Livpure Glo Pro Plus offers a comprehensive 7-stage purification process with RO, UV, and UF, making it suitable for various water sources.

It is the blessing that can help determine a climate startup’s fate: backing from Bill Gates, one of the biggest investors in efforts to transform the world’s energy use. Since 2015, Breakthrough Energy, the climate-investment firm founded by Gates, has lavished $2.2 billion on more than 160 startups and other initiatives, seeking both returns for investors and emissions reductions. He has also made investments separately outside the firm.

NEW DELHI:The upcoming budget for 2024-25 will unveil major economic reforms and present a roadmap for Viksit Bharat, the government’s push to propel India towards ‘developed nation’ status by 2047, President Droupadi Murmu said addressing the joint session of Parliament on Thursday.“Along with significant economic and social decisions, this budget will include many historic steps as the government prepares to present its first budget in the forthcoming session. It will be an effective document outlining the government’s far-reaching policies and futuristic vision," Murmu said.Union finance minister is expected to present the budget for financial year 2024-25 next month.Murmu said reforms in infrastructure development, manufacturing and industrial policy, digital economy, green energy transition, agriculture, healthcare, and financial sectors have helped strengthen India’s economy.Also read |Unemployment and inflation call for revising budget priorities“In a decade, India has risen from the 11th to the 5th largest economy," Murmu said.

₹500 to currently trade around ₹2,649.70.Moreover, the stock hit its record high of ₹2,712 in intra-day deals in the previous session, June 26, 2024. It has now soared almost 260 percent from its 52-week lows of ₹739.70 hit in October 2023. It has gained about 121 percent just in 2024 YTD, giving positive returns in 5 of the 6 months so far this calendar year.

Sylvan Plyboard (India) IPO Allotment Update: After receiving a robust response from investors during the bidding period from June 24 to June 26, attention now turns to the allotment procedure for Sylvan Plyboard.The allotment for the Sylvan Plyboard IPO is expected to be finalised today. Investors can monitor their allotment status through the registrar, Bigshare Services Pvt.

MUMBAI : India has long relied on global giants for medical devices to equip a healthcare network burdened by a lack of doctors, expensive treatments, and inadequate technology. Now, domestic medtech firms are taking the fight to their international peers, attracting interest from top-tier global investors and pharmaceutical giants. According to Indian government estimates, India is the fourth-largest market for medical devices in Asia.

Investing in penny stocks can be a high-risk, high-reward proposition, but for those with a keen eye for market trends, it offers the potential for significant gains. As the market continues to show signs of recovery and growth, certain low-priced stocks are catching the attention of savvy investors. A select few of these are showing strong potential of rebounding.

demat accounts will be done today, Thursday, June 27. In addition, the process of refunding shares to individuals who have not yet received them will be completed today.On Tuesday, June 25 the final day of subscriptions, the luxury furniture firm Stanley Lifestyles' initial public offering (IPO) received 96.98 subscriptions, as per BSE data.