Manufacturing Financial News

₹0.50 in June 2019. Such substantial gains highlight its consistent and substantial value appreciation trajectory over the years, reflecting its potential as a high-return investment within the penny stock category.Meanwhile, over the span of 3 years, starting from June 2021 when it traded at ₹3.17, the stock has surged by an impressive 955 percent.However, the stock witnessed some correction in the last 1 year.

Avantel, a telecom product manufacturing company, witnessed a 19% spike in its shares during today's intraday trade, reaching a new record high of Rs. 168 apiece.

Rajnath Singh arrived in Visakhapatnam on Friday to review the preparedness of the Indian Navy's Eastern Fleet. He received Guard of Honour at INS Dega in Visakhapatnam. The Defence Minister shared the information about his arrival through on social media platform X, «Leaving New Delhi for Visakhapatnam. Shall visit the Eastern Naval Command and review the defence preparedness. Looking forward to it.»

«We want to increase the exposure to consumption sector as such because that was the sector which we were significantly underweight,» says Daljeet Singh Kohli, Vasuki India Fund. What is the say on defence pack? Yes, the order books of these companies were quite solid. The question was on the execution and then the valuations. Would you still buy afresh? No, I do not think for buying fresh, you will have to look for some differentiated ideas. Maybe within the pack if you can find something which is a supplier to somebody or which is doing some particular component, some parts or some kind of services that they are offering, so those kind of niche ideas one can still look at.

3. Lifelong FitPro LLTM111The Lifelong FitPro LLTM111 is a motorized treadmill designed for home use, offering a peak motor power of 2.5 HP. With a maximum speed of 14 km/hr, it supports up to 110 kg user weight and features 12 preset workout programs to enhance your fitness routine.

Brendan Ferrao, a local doctor, uncovered a human finger in an ice cream he purchased last Wednesday. As per TOI reports, the ice cream was manufactured by Laxmi Ice Creams in Ghaziabad. The wrapper indicated a manufacturing date of May 11, 2024, and an expiry date of May 10, 2025. Police said there was a possibility of contamination during packaging.

Chevron Corp., Shell Plc, BP Plc, TotalEnergies Se, ConocoPhillips and Eni SpA? How about Tongwei Co., GCL Technology Holdings Ltd., Xinte Energy Co., Longi Green Energy Technology Co., Trina Solar Co., JA Solar Technology Co., and Jinko Solar Co.? If the former names are familiar giants and the latter obscure, you might want to rethink how you look at the companies that provide the world with energy. On a reasonable accounting of things, the latter are just as significant — if not more so — than the powerhouses of petroleum.

inflation in India, measured using the Wholesale Price Index, quickened to a 15-month high of 2.61 per cent on an annual basis in the month of May as against 1.26 per cent in April 2023, government data showed on Friday. WPI quickened considerably to 7.4 per cent in May from 5.5 per cent in April and 4.82 per cent in May 2023. Primary articles inflation quickened to 7.2 per cent in May from 5.01 per cent in April.

Suven Pharmaceuticals share price gained more than 5% in the morning trades on Friday post its announcement regarding acquisition of Hyderabad based CDMO firm Sapala Organics on Thursday post market hours.Suven Pharma share price that opened at ₹695.00, higher than previous close of ₹667.95, gained further more to ₹705 levels in the NSE, marking gains of more than 5%.Suven Pharmaceuticals announcement on the exchanges said that that it has executed definitive agreements on June 13, 2024, for acquiring 100% of equity shares (on a fully diluted basis) in Sapala Organics Private Limited.Also Read- Kotak Institutional raises target price for Adani Ports and SEZ to ₹1,650, says outperformance can continue for longThe Hyderabad based Sapala Organics is contract development and manufacturing organizations (CDMO) that is focused on Oligo drugs and nucleic acid building blocks including Phosphoramidites & Nucleosides, drug delivery compounds (including GalNAc), Pseudouridine, amongst others.Suven Pharmaceuticals in its presentation highlighted that Sapala Organics sales stood at ₹67 Crore with more than 45% Ebitda margins in FY24. Ebitda stands for Earnings before, Interest, Tax, Depreciation and amortisation.Sapala Organics has a customer-base across the US, European Union and Japan; partnering on their New Chemical Entity (NCE) programs across project lifecycle.

BENGALURU : Sixth Sense Ventures, which typically invests in early-stage consumer companies, is preparing to chase more ambitious bets as it raises potentially its largest fund ever. Among India’s earliest rupee capital funds, Sixth Sense Ventures is raising ₹2,500 crore for its fourth fund, excluding a greenshoe option that it can use to raise more money subsequently, founder Nikhil Vora told Mint in an interview. The investment firm has backed prominent startups such as Bira, a craft beer maker, Wonderchef, a maker of cookware and kitchen appliances, and Uppercase, a maker of bags and luggage.

₹10,422 crore. Ambuja Cements shares rallied as much as 3.86% to a fresh high of ₹690.00 apiece on the BSE.

Yummo brand ice-cream ordered from Zepto on Thursday adds to the growing list of safety concerns raised over food items delivered by ultra-fast delivery firms. The customer has filed a police complaint.

budget to be presented next month. Electric two, three, and four-wheelers are expected to be supported under the Faster Adoption & Manufacturing of Electric Vehicles (FAME) scheme, which could receive a budgetary allocation of about Rs 10,000 crore, people familiar with the deliberations told ET. “Discussions are on… FAME III could be announced in the full budget,” a senior official said. The heavy industries ministry, which administers the scheme, has already sent a plan for vetting to the Prime Minister’s Office (PMO).

The head of the Federal Aviation Administration has acknowledged his agency should have been more aware of problems at Boeing before a door plug blew off a 737 Max jet during an Alaska Airlines flight in January

Treasury Secretary Janet Yellen says Chinese “overconcentrated supply chains” pose a threat to U.S. jobs and recent investments meant to build up the U.S. green energy sector

Apple expert Ming-Chi Kuo on Medium (via HT Tech), the primary reason for this exclusion lies in the differing hardware capabilities between the standard and Pro models of the iPhone 15 series. The standard iPhone 15 and iPhone 15 Plus are equipped with the A16 Bionic chip, which includes 6GB of RAM.

Bank of Canada governor Tiff Macklem says businesses should be inspired by the “enormous amount of ingenuity” they showed during the pandemic to boost the country’s declining productivity levels, but a failure to keep doing so could make “everything more difficult going forward.”

₹50 lakh each for seven startups in the technical textiles sector under the National Technical Textiles Mission (NTTM).This initiative aims to promote innovation and sustainability while fostering transformative developments in the industry, the Ministry of Textiles said in a statement.The ministry has set a target to support 150 startups to promote innovations in technical textiles. These seven are in addition to one that was approved earlier.Mint on 4 June was the first to report that the textiles ministry planned to give grants of up to ₹50 lakh each to 150 startups that are engaged in making technical textiles and that the ministry will not seek any share of the profits from the business generated.Also read: Centre to fund 150 startups with ₹50 lakh each for developing advanced technical textilesAdditionally, the textiles ministry has relaxed the royalty cap on this scheme.

FISME) has urged the government to review NPA classification rules, third-party rating of MSMEs and Quality Control Orders (QCO). The key body representing MSMEs has also sought the government’s intervention in protecting export-oriented MSMEs and tweaking trade policies to reflect the growing contribution of Asia to global GDP. Classifying loan accounts as special mention account (SMA) if interest or principal is due for 30 days stifles the MSME's growth.

Consumer electronics startup Indkal Technologies has raised $36 million in a funding round led by Mauritius-based Aries Opportunities Fund. The funding, entirely primary, was the first by the 2020-founded firm and was done at an undisclosed valuation.

MUMBAI : Sectoral and thematic funds received over ₹19,000 crore in net inflows in May, according to monthly data from the Association of Mutual Funds in India (Amfi). Nearly half of this amount went into HDFC Mutual Fund’s new fund offer (NFO) – HDFC Manufacturing Fund, which alone garnered ₹9,500 crore from investors. It's not just HDFC MF riding this wave; other fund houses have also launched manufacturing funds recently.