Manufacturing Financial News

«If you are taking a three-five-year view, I think that even in capital goods and manufacturing, there are some really lucrative opportunities which have really not done as well as the broader capital goods and manufacturing space and that is where, again, there will be money on the table and you can make substantial moneys from here in the next two to three years,» says Anshul Saigal, Founder, Saigal Capital. What should one do simple? Which are the ideas where you think big money could be made? Which are the stocks which you think one should completely avoid, whether it is because of business risk or valuation risk? Anshul Saigal: I can tell you where I am an investor and where I see opportunity. I can tell you that rural economy is at the cusp of a turn and while we have had a raging bull market, stocks which are leveraged to the rural economy, discretionary rural economy, those are half from their all-time highs, so that segment has been a complete laggard because the broad market has been weak.

Silver ETF is the new kid on the block in the mutual fund (MF) investments landscape. The oldest fund in the group was launched only 28 months ago.

Uno Minda shares appears set to continue, even after 15 consecutive months of upward momentum without significant pullbacks. In today's trade, the shares extended their bull run, reaching a new all-time high of ₹1,188 apiece with a 12.60% intraday gain.This latest spike in share prices followed a report from global brokerage firm Goldman Sachs, which initiated coverage on the stock with a 'buy' rating and set a target price of ₹1,350 apiece.

engineering goods export to the US continues to decline, the Indian government has agreed to study the possibility of signing an FTA (free trade agreement) with Mexico as several US companies, including Tesla, have set up manufacturing bases there. Indian industry wants to access the US market by having an FTA with Mexico as the US is the top destination for India’s engineering exports. Pankaj Chadha, senior vice chairman, Engineering Export Promotion Council (EEPC) said, “Most of the USA’s manufacturing has shifted to Mexico, including Tesla’s new plant. And the only way for India to increase our engineering goods export to the USA is to have an FTA with Mexico.” EEPC, a body affiliated with the commerce ministry, represents one fourth of India’s engineering exports, while engineering goods account for 25% of the merchandise exports from India.

incentive scheme for electric vehicles will be liable to pay penalties in event of non-adherence with laid-down localisation norms, a senior official told ET. Companies certifying vehicles for subsidies under Faster Adoption and Manufacturing of Electric Vehicles (FAME 3) — scheduled to be announced in the upcoming budget — will have to undergo a techno-commercial audit twice a year to ascertain they are meeting localisation guidelines. In the event of irregularities, manufacturers would have to return claimed subsidies with interest at a rate 3% higher than MCLR (marginal cost of funds-based lending rate) in penalties, the official said.

chips that fuel generative AI, do its clients, such as Microsoft and Alphabet (Google), have concrete monetisation plans for the technology? Two, Nvidia has left its much-bigger rival Intel far behind in both earnings and valuations. So, is it right now open to challenges to its temporary computing monopoly? The analogy to Cisco's rise during the dotcom boom is stark. For those of us who remember, the internet delivered, but not the company making the switches connecting it.

Som Group distillery and temporarily suspending the plant's manufacturing licences after the federal child rights agency found 59 children working at the site illegally. Police launched an investigation into Som after the National Commission for Protection of Child Rights (NCPCR) last week found 39 boys and 20 girls working at the factory. The agency also released photos of children's hands it said showed burns due to contact with chemicals. «We have sent the police force to ensure there are no issues during the sealing process,» Vikas Kumar Shahwal, a senior Madhya Pradesh police official, told Reuters.

Crisil highlighting India's significant potential in energy transition and digital infrastructure, on June 19.“The next decade will see us invest more than $100 billion in the energy transition space and further expand our integrated renewable energy value chain that today already spans the manufacturing of every major component required for green energy generation," he said.In addition to constructing solar parks and wind farms, the conglomerate is establishing facilities to manufacture electrolyzers for green hydrogen production, as well as wind power turbines and solar panels.Gautam Adani stated that India will begin adding a trillion dollars to its GDP every 12 to 18 months, setting the country on a path to becoming a $30 trillion economy by 2050.Milestone Alert! Livemint tops charts as the fastest growing news website in the world

office furniture must not only be ergonomic, tech-integrated, and personalized but also, and perhaps most crucially, sustainable. From desks to chairs to storage units, every piece of furniture in your office can contribute to a greener workspace if chosen and managed wisely. «As we spend such a significant portion of our lives in office spaces, the importance of integrating sustainability into office design cannot be overstated,» says Sammeer Pakvasa, Managing Director and CEO of Eleganz Interiors. «By choosing sustainable office furniture, we are not only enhancing the health and productivity of employees but also contributing to a healthier planet. This dual benefit is why sustainability in office design has become a critical focus for us,» Pakvasa said. Here are five actionable steps to transform your office furniture into a more eco-friendly environment:

₹65 to ₹68 per equity share, having a face value of ₹10.The firm manufactures solid surface materials, which are distributed throughout India via a large distribution network of distributors and direct clients, as well as exported to countries such as Dubai, Bahrain, Greece, and Nepal. The firm operates under two names, LUXOR and ASPIRON, which provide a wide variety of solid surfaces.

Hindustan Aeronautics (HAL) on Wednesday announced that it will be considering the payment of the final dividend for the financial year 2023-24 in its board meeting that will be held on June 26. “This is to inform that the Board of Directors of the Company in its meeting scheduled to be held on Wednesday, the 26th June, 2024 will consider, inter-alia, the recommendation of final dividend for the financial year 2023-24,” said HAL in a filing to the exchanges.

Also Read: Dee Development Engineers IPO: GMP, review, subscription status, other details. Apply or not?The engineering company, Dee Development IPO price band has been fixed in the range of ₹193 to ₹203 per equity share of the face value of ₹10.

Ashish Kacholia portfolio: Balu Forge share price has been on an uptrend after bottoming out at around ₹280 apiece. This Ashish Kacholia portfolio stock has continuously risen after ushering in June 2024. Balu Forge share price today opened upside at ₹312.70 apiece on NSE and touched an intraday high of ₹328.20 per share.

₹162 to ₹171 per equity share, with a face value of ₹10 each. The Petro Carbon and Chemicals IPO will begin subscriptions on Tuesday, June 25, and end on Thursday, June 27. The floor price is 16.2 times of the face value and the cap price is 17.1 times of the face value of the equity shares.

A sector’s contribution is traditionally assessed through economic metrics. However, in today’s complex geopolitical landscape, the significance of port infrastructure transcends these measures. This sector holds strategic importance for India’s economic vitality, geopolitical influence and national security.

«Today also I am feeling the same thing that there is a froth in this market, there is a froth in SME, there is a froth in IPO and of course many stocks. The retailer investors, as you say are innocent people, so they should be careful,» says Vijay Kedia, MD, Kedia Securities. What is your view on the market? You have been ever bullish on the markets we know that. But what are the big themes that you are looking forward to because this is the event that we are having after the new government that has been formed, so the kind of themes that are emerging out to the market, is there anything new theme that you are looking forward to? Vijay Kedia: I do not know. I am still following the old themes of infrastructure and manufacturing.

The net proceeds from the fresh issue will be used towards funding working capital requirements, debt repayment, and other general corporate purposes.

State Bank of India: SBI has initiated discussions with market participants to raise around ₹10,000 crore ($1.20 billion) through infrastructure bonds.Indus Towers: Vodafone Group Plc will sell a 9.94% stake in Indus Towers through a bulk deal at a price range of ₹310- ₹341 per share. The sale, which is slated to open on Wednesday, is managed by Morgan Stanley, BofA Securities, Jefferies, and BNP Paribas.Housing and Urban Development Corporation: HUDCO has raised $200 million (JPY 30 billion) in its first venture into the syndicated loan market.

Tech Mahindra through cross-selling and synergies within the group, M&M said during an India investor meet last week. The comments come at a time when Tech Mahindra, India's fifth largest IT firm, is grappling with slowing growth and margins. Tech Mahindra is planning to leverage the group relationships to expand its network, the company said in a presentation to investors. Apart from continuing to service the parent group for its technology requirements, it will leverage the parent's buying power to sell its services to the sellers of the Mahindra group, it said in an additional presentation at the group investor meeting which was also filed with the BSE.

Toyota shareholders have voted in support of all of the company's proposals at their annual meeting, including keeping Akio Toyoda, the grandson of the Japanese automaker’s founder, as chairman of the board

Inconvenience to passengers: