Manufacturing Financial News

₹70 per equity share with a face value of ₹10 apiece. The United Cotfab IPO will kickstart its subscription on Thursday, June 13, and close on Wednesday, June 19.

Bitcoin (BTC) continued its upward momentum, reaching around $67,900. The Federal Reserve’s preferred inflation measure, the Core PCE Price Index, increased by 0.2% month-over-month in April, aligning with expectations but slightly below the previous month’s 0.3% rise. This modest increase may ease some inflation concerns for the Fed, but consistent readings are necessary to support a potential rate cut by September.

India's border will remain the topmost priority and efforts will continue to take defence manufacturing and exports to greater heights, Defence Minister Rajnath Singh said on Monday shortly after he was retained to helm the key responsibility in the new government. Singh was among the senior BJP leaders, including Amit Shah, Nitin Gadkari, Nirmala Sitharaman and S Jaishankar, who retained the ministries they handled in the previous government.

By Andy Mukherjee

Apple iPhone 5s has been officially discontinued and declared obsolete by its manufacturers. This has sent shockwaves among Apple users as some still possess this device while some have been previous users of this state-of-the-device back in the decade. There are plenty of users who still have that love for the iPhone 5s, which is still a very popular model.

UBS said in a report on Monday.

Maldives Parliamentary Committee has passed a resolution to investigate the previous government's four agreements with India while Maldives President Mohamed Muizzu was here to attend the swearing in ceremony of Modi 3.0.

In an industrial suburb of Montreal, sheets of copper move along a conveyor belt suspended four stories above the floor of a foundry — a metals plant — until they drop into a lava-hot furnace

Karnataka IT minister Priyank Kharge met a top executive of semiconductor company Arm Holdings at London Tech Week to discuss the company's plans in the State on Monday.

NDA government's agenda for its third term includes a continued emphasis on infrastructure development, particularly in the railways sector. As ministries prepare their 100-day agendas, Indian Railways is gearing up to enhance its capacity for both passengers and cargo.

Boat’s parent company, Imagine Marketing India is in talks with three investors to raise funds which co-founder and CEO Sameer Mehta said will be more strategic in nature instead of just raising capital. He said the focus is now on improving financial parameters of the company such as getting back to net profit this fiscal before going ahead with the initial public offering (IPO) to raise about Rs 2,000 crore.

Baroda BNP Paribas Mutual Fund has launched Baroda BNP Paribas Manufacturing Fund, an open-ended equity scheme predominantly investing in manufacturing themes.

₹10,372-crore India AI Mission will focus on developing a manufacturing base of graphic processing units (GPUs) in public-private partnership, multi-modal domain-specific large language models (LLMs), and a unified data platform that will offer an open-source database of non-personal data that can be used to train AI models and market AI applications commercially. This, industry insiders said, would be a crucial element of policy-making and execution as India would be among the few developing nations that have zeroed in on alleviating safety concerns around AI, removing deepfakes and reducing misrepresentation.The India AI Mission already has seven working committees that have suggested the need to create a public-private partnership model, which would be used to develop indigenous compute capacity—an offering that academia and researchers had long clamoured for.

Mint takes a look at some of the key policy changes brought in by Nirmala Sitharaman, an influential voice in the new cabinet, during her first five years as FM. Sitharaman is tipped to retain the finance portfolio in the new government. The union budget for FY24 raised the tax-rebate ceiling under the new personal income tax regime from ₹5 lakh to ₹7 lakh, easing the burden on the middle class.

Reasons to buyReasons to avoidThe Voltas 1.5 Ton 3 Star Fixed Speed Window AC is a reliable cooling device for medium-sized rooms. What can you expect with this AC? A copper condenser for better cooling and durability, along with Turbo Mode for quick cooling. It comes with a 3-star energy rating for decent energy efficiency, making it an economical choice.

Magenta Lifecare IPO Allotment Update: After receiving a robust response from investors during the bidding period from June 5 to June 7, attention now turns to the allotment procedure for Magenta Lifecare.The allotment for the Magenta Lifecare IPO is expected to be finalised today. Investors can monitor their allotment status through the registrar, Cameo Corporate Services, or the BSE website.With oversubscription in the retail category, shares will be allocated to retail individual investors (RIIs) on a proportional basis.

Also Read: Oil posts third weekly loss on delayed US Fed cuts; Brent at $79: Buy or sell?Stocks from these sectors have rallied in anticipation that the drop in crude prices will reduce the companies' operating expenses, leading to improved net profits. Investors are optimistic that lower costs for raw materials will enhance profitability, making these sectors more attractive in the market.Tyre Sector: Crude oil derivatives such as carbon black, synthetic rubber, and nylon tyre cord fabric make up nearly half the cost of producing a tyre.

Apple-like ecosystem and increasing the localization of its supply chain. “Localisation of our manufacturing is created by a combination of supplies from abroad, as well as from India," Muralikrishnan B, presdent, Xiaomi India, told Mint. “Today, we continue to have conversations to figure out how more of our supply chain partners, based in China or elsewhere, come and set up shop in India.

Brakes India and ADVICS, Japan’s leading premium brake system supplier, plan to form a joint venture to design, develop and manufacture advanced braking products for the Indian light vehicle market.

₹164.95, a 21 percent premium to issue price of ₹136 on the NSE. Meanwhile, on the BSE, it debuted at ₹165, up 21.32 percent or ₹29 from the IPO price.The ₹130.15 crore initial public offering (IPO) of Kronox Lab Sciences was open for subscription between June 3-5 at a price band in the range of ₹129-136.

stocks involved with artificial intelligence (AI). From its ability to craft professional headshots to generating captivating content, AI's potential seems limitless. While some trends fizzle out over time, others, like AI, possess the power to transcend fleeting fancies.