Manufacturing Financial News

₹193-203 per share, will close on June 21. The bidding for anchor investors will be open for one day on June 18.

₹70 per equity share, having a face value of ₹10.The company produces high-quality open-end yarn for the textile industry. The company's manufacturing process meets high quality requirements and is supported by cutting-edge technology and machinery.

industrial growth and the emergence of one of the fastest growing real estate segments in the country, India’s warehousing sector is set to cross the 300 million sq ft mark by 2025 from the current stock of 216 million sq ft, according to a CREDAI-CRE Matrix joint report. During the March quarter, India witnessed a 5% increase in warehousing rentals with the absorption to supply-ratio at 1.4 times. Pune and NCR’s contribution to the pan India Grade A/A+ warehousing demand was 45%, while Mumbai Metropolitan Region (MMR) and NCR jointly had a demand touching 53% in the segment. MMR alone recorded a 52% on-year increase in supply during the quarter.

Mumbai discovered a human finger in an ice-cream cone his sister ordered online. The incident took place in Malad on Wednesday, raising serious concerns about food safety and hygiene standards. The shocking discovery was made by Orlem Brendan Serrao, a 27-year-old doctor, who had consumed half of the butterscotch ice cream when he felt something unusual on his tongue. Upon inspection, he realized it was a human finger. The ice cream had been ordered by his sister via the grocery delivery app Zepto. Mumbai police has registered a case after a customer complained of finding a chopped finger in an ice-cream he had ordered online through an app. Police has seized the severed finger and has sent it for forensic. A case has been registered. Serrao’s sister promptly reported the incident to the police. Initial investigations confirmed that the object found in the ice cream was indeed a human finger. The police have sent the finger for a detailed forensic examination to understand more about its origin.

AMCs have launched 34 thematic/sectoral funds since May 2023, which turns out to be an average of three schemes per month. From 128 such funds in May 2023, the tally went up to 162 in May 2022. During this period, the assets under management (AUM) shot up by 81% to Rs 3,37,280 crore in May 2024 from Rs 1,86,685 crore in the corresponding month of the last financial year. Meanwhile, the number of folios has increased 56% to 2,05,67,662 from 1,32,09,299 in May 2023.

Electric vehicle maker Ather Energy has chosen Aurangabad in Maharashtra for its third plant, according to a report in the Business Standard. The business daily, quoting sources, claimed that an agreement in this regard is expected to be signed soon. Ather plans to invest Rs 1,000 crore in the plant, which will be built in phases across 100 acres, the report said.

Mondelez has partnered Belgian biscuit maker Lotus Bakeries to make, sell and market the latter's flagship brand Biscoff in India.

The European Union is moving to hike tariffs on electric vehicles made in China

Senators criticized top federal officials over the rise of illegal electronic cigarettes in the U.S., a multibillion-dollar business that has flourished in recent years

Dr Reddy’s Laboratories: The company has signed a licensing agreement with US-based Ingenus Pharmaceuticals to commercialise Cyclophosphamide injection, a cancer treatment. Under the agreement, Dr Reddy’s will commercialise the injection for the US market and pay Ingenus 50% of the calculated profit share.Torrent Pharmaceuticals: The company announced on Wednesday that it has received a Form 483 with five observations from the US FDA following an inspection of its manufacturing plant in Indrad, Gujarat.Whirlpool of India, Hindustan Unilever: The two companies announced a new marketing alliance for Surf Excel.

emergency exit door, blew out, causing an uncontrolled decompression of the aircraft. The aircraft returned to Portland and several passengers required medical attention after landing.As a result, the National Transportation Safety Board of the US opened an investigation into the Alaska Airlines incident and weeks later, the NTSB was also investigating another incident in February in which a United Airlines pilot in a Boeing 737 Max-8 reported stuck rudder pedals during a landing.“I think Boeing has work to do.

policy continuity, capital infusion, and fresh PLI schemes to further bolster India as a manufacturing destination of choice for foreign firms as well as to build a robust and resilient supply chain ecosystem.

Penna Cement, Gujarat-headquartered Saurashtra Cement and the cement business of Jaiprakash Associates as well as ABG Shipyard-owned Vadraj Cement, according to people familiar with the matter.

The government is considering launching an incentive scheme to boost domestic manufacturing of toys, keeping in view the high employment potential of the sector. This follows a series of steps taken over recent months to support the industry, including hike in import tariffs to curb inflow of cheaper products from abroad, and tightened quality norms for imports.

Motilal Oswal Asset Management Company (MOAMC) has announced the launch of Motilal Oswal Nifty India Defence Index Fund, India’s first Index Fund offering exposure to defence stocks listed in India. The fund aims to provide investors an opportunity to participate in the growth potential of the defence sector.

One97 Communications, owner of the Paytm brand, will now focus on the distribution of insurance products of other insurers after the sector regulator Irdai has accepted Paytm General Insurance's registration withdrawal application. Paytm General Insurance Limited had approached the Insurance Regulatory and Development Authority of India (Irdai) for the withdrawal of its application for registration as a "General Insurance Company" for being a manufacturer of general insurance products.

China’s exports are still going strong. That has created tension with the West and led to a new wave of tariffs on its eclectic vehicles. But it is also reshaping global trade.

military capabilities, all while adhering to budgetary constraints.

Election Commission into remote corners of the country to airlifting EVMs, the IAF played a vital role in the recently-held general elections, with its aircraft flying more than 1,000 hours in over 1,750 sorties. The Indian Air Force on Wednesday shared details about the helping hand it lent to the electoral machinery in the conduct of the Lok Sabha polls.

«If I talk about the whole India story, as if it is a kind of you can say the Hollywood movie, I think the month of May was kind of a break wherein you had all sort of noise which kind of was an intermission in the whole India story which was unfolding,» says Aniruddha Sarkar, Quest Investment Advisors. Who will blink first in your view, the market or the investors. Everybody was expecting further lows, but it is not obliging the bulk of the participants, market. I would say that, obviously when you have all the noise around the election and the last couple of months, it was actually a very excellent time for the long-term investors because all the noise that gave so much good opportunity to enter into some of the good companies at such valuations which was not visible for the last six-seven months. So, having said that, I think if you look at the flow of the money of domestic investors, the answer to your question is that definitely the domestic investors have understood that on the panic days you deploy. In fact, it is very encouraging to see that on the date of the election results, the domestic fund flow was almost like massive, 22,000 crore, which was I would say was kind of a humongous number. So, having said that, I would say definitely FII money will come back.

global oil demand, the International Energy Agency (IEA) said Wednesday, forecasting rise in consumption by a massive 1.3 million barrels between 2023 and 2030. In its Oil 2024 Report, the Paris-based energy watchdog said India's oil demand is forecast to grow more than any country's other than China between 2023 and 2030.