Manufacturing Financial News

₹3,600 crore, is setting his sights high with plans to launch a new venture—the Bharat Amritkal Fund, a category III Alternative Investment Fund, requiring a minimum investment of ₹5 crore. With this fund, Khemani, a Portfolio Management Service (PMS) manager, aims to capitalize on India's economic trajectory, betting on sectors expected to undergo substantial growth, including manufacturing, banking, infrastructure, and consumption, as the country targets a $29 trillion GDP by 2047, accounting for an estimated 16% of global GDP. This strategy also reflects Khemani's confidence in an outright victory for the Bharatiya Janata Party (BJP)—a thesis that now looks a little shaky.

The U.S. Small Business Administration plans to unveil new government-backed credit lines of up to $5 million for small businesses, SBA Administrator Isabel Casillas Guzman told CNBC.

₹6,012.5 crore. New launches and sustaining sales momentum in ongoing projects translated into highest ever collections of ₹5,915.1 crore in FY24. The outlook for FY25 is also upbeat.

Intel launched its next generation Xeon server processors on Tuesday, as it looks to claw back data center market share and revealed that its Gaudi 3 artificial intelligence accelerator chips would be priced much lower than its rivals' chips.

China's factory activity grew the fastest in about two years in May due to production gains and new orders, particularly at smaller firms, a private sector survey showed on Monday, lifting the outlook for the second quarter.

US PMI data, gold August futures at MCX opened flat at Rs 72,160 per 10 grams down by 0.06% or Rs 43, while silver July contracts stood at Rs 92,099/kg, up 0.07% or Rs 66. Domestic markets settled on a positive note. Gold August futures contract settled at Rs72,203 per 10 grams with a gain of 0.51% and silver July futures contract settled at Rs92,033 per kilogram with a gain of 0.51%.

«But if you are an investor, then you have to take a three- to five-year view. What I like is that if Prime Minister Modi wins then that is just a validation of the political stability, which is a precursor to economic growth,» says Manish Singh, Market Expert. Do you think the fundamentals are strong enough to kind of take these markets further ahead, what is your opinion? I do agree with Mr Subramanyam that it depends upon what sort of investor you are. And with any trade, the key thing is your investment horizon and that pretty much dictates your risk reward that you are going to look at. If you are of trader mentality, you believe that there is going to be a volatile outcome either way, then you benefit from it, so that is one trade one can think of. I do not recommend that because I am a more medium-term investor. But again, if you are a trader, then you can put those trades and benefit from that.

personal loans and credit-card outstanding, has continued to slide in India after the central bank enhanced the risk weighting on such exposures to minimise the likelihood of mounting delinquencies in the banking system.

foreign direct investments (FDI) over the past three years was not limited to Karnataka, but the entire country.

TV9-Bangla news channel. “These exit polls were manufactured at home by some people two months back for the media consumption.

₹2,000 crore to set up a printed circuit board (PCB) manufacturing facility in the country, according to two people aware of the development.The likely investment follows its acquisition of a majority stake in Ascent Circuits, a printed circuit board assembly maker, as the group undertakes backward integration towards becoming a full-fledged electronics manufacturing services provider.“The investment is expected to take place within the next few months," said one of the persons cited above, asking not to be named. Queries sent to Amber Enterprises remained unanswered till press time.Amber Enterprises, which is transitioning from being primarily a residential air-conditioning manufacturer into a diversified business-to-business electronics goods maker, will ramp up backward integration, aided by its pact with South Korean firm Korea Circuit that has long been producing printed circuit boards.

U.S. health officials are warning parents to avoid a brand of powdered infant formula sold by a Texas dairy producer that may contain a dangerous bacteria

Donald Trump and other Republicans say President Joe Biden’s policy to promote electric vehicles is unfair for consumers and amounts to government overreach

₹130.15 crore.Vadodara-based Kronox is a manufacturer of speciality fine chemicals. Many sectors, including biotech, pharmaceutical formulations, active pharmaceutical components, metallurgy, agrochemicals, animal health, and scientific research and testing, employ its products for a variety of purposes.Also Read: Kronox Lab Sciences IPO: GMP, review, subscription status, other details.

iPhone 15 series, where the bezel size decreased significantly from approximately 3.5mm to under 2mm. For the iPhone 16 Pro, this margin will be further minimized, contributing to a sleek and modern aesthetic.

aviation ministry has set in motion the urban air mobility project with the setting up several technical committees to pave the way for India's first ait taxi to take-off by 2026, as was being planned for some time.

Coal India, HAL, BRL, UltraTech Cement, SBI, DLF, BHEL, NTPC, and PFC, among others.Meanwhile, in its structural picks (long-term for 2-3 years), it likes stocks including TVS Motor, L&T, Thermax, Bharat Forge, Trent, Indian Hotels, Sunteck Realty, BPCL, HPCL, etc.The brokerage noted that over the past 10 years, the BJP-led government under Prime Minister Narendra Modi has introduced numerous policy reforms to elevate the Indian economy. Key initiatives include the introduction of RERA and the Insolvency and Bankruptcy Code in 2016, promoting transparency in the real estate sector and streamlining insolvency processes.

To drive growth, India could focus on the export of services provided by its well-educated and skilled population. Though this cohort represents a small fraction of the total population, it still numbers in the tens of millions. Such a strategy would build on India’s strengths.

Mirae Asset Mutual Fund has filed a draft document with SEBI for regulatory approval to launch India's first Exchange Traded Fund (ETF) focused on the Electric Vehicles (EV) and New Age Automotive segment. Mirae Asset Nifty EV and New Age Automotive ETF will be an open-ended scheme replicating/tracking Nifty EV and New Age Automotive Total Return Index. This is the first ETF which is set to offer investors with long-term capital appreciation opportunities by investing in equity of companies that are at the forefront of the dynamic and rapidly evolving automotive sector thereby focusing towards sustainable development. The fund will track the newly launched Nifty EV & New Age Automotive Index, providing investors with a benchmark that truly reflects the innovative and forward-thinking nature of India's electric vehicle and new age automotive industry. The scheme will be managed by Ekta Gala and Vishal Singh.

Heatwaves and rising production costs led to manufacturing activity easing further to a three-month low of 57.5 in May compared with 58.8 in the previous month, according to a private survey released Monday.

«We have been very bullish for railway for actually right from September 2020 when we have a very sizeable exposure in some of the companies, we are a very meaningful stakeholder in most of the government companies, actually we are the largest shareholder in some of the government companies itself, so that level of exposure we already have, maybe closer to this event we have partially pruned down in some of the expensive names particularly in defence space,» says Sandeep Tandon, CIO, Quant Mutual Fund. We are pinching ourselves. We are telling us that this is unreal, but it is real. The markets are up 4%, it is the biggest gap up for Indian markets in its life. So, magical things are happening today. Now as a money manager, what changes in the way you have invested in the past and the way you will invest in future post-election certainty and uncertainty going away? First of all, now it is endorsements of the policies which was followed by the previous government, so which clearly means that infra as a theme, manufacturing as a theme, PSU as a theme will continue.