Manufacturing Financial News

electrical consumer goods such as refrigerators, washing machines, microwave ovens, fans, kitchen appliances, wires and pumps. Major manufacturers such as Samsung Electronics India, Havells, Bajaj Electricals and V-Guard Industries have either increased prices or informed their dealers that they are about to do so, said industry executives.

letters and postcards from Princess Diana written to one of her former housekeepers will be auctioned on June 27 and this is expected to fetch six figures at the upcoming auction. This collection includes letters of correspondence between the Princess and her former housekeeper after Diana’s marriage to the then Prince Charles in 1981. This will also include 14 Christmas and New Year cards that were exchanged in 1981-1985.

“It had come to a point when I was thinking I’d have to quit but now, my office is close enough to nip out in case of anything urgent at home,” says the 33-year-old.

Tyres manufactured in India are succeeding in testing international conditions and are being accepted by global customers, said Apollo Tyres managing director Neeraj Kanwar.

dispatches from the manufacturers to the dealers over the year-ago period, said executives at manufacturers that released the monthly sales figures on Saturday.

US-India ties at the Shangri La Dialogue in Singapore on Saturday, the United States Secretary of Defence, Lloyd Austin said that the relationship with India at present is better than it has ever been, adding that the two nations are co-producing armoured vehicles together.

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.

Electronics magazine, which featured the breakthrough article – Cramming More Components On to Integrated Circuits – by Gordon Moore, an electronics engineer, who went on to run Intel.Often considered the most influential trade magazine article ever published, it foretold the future of modern computing.Some of us do remember an ‘Intel Inside’ sticker on our early laptops and desktops which asserted that it’s all powered by a semiconductor chip – the foundation of modern electronics. A semiconductor (like silicon), as the name suggests is a material that's neither a great conductor (like metal) nor a complete insulator (like plastic).These chips – also known as an integrated circuit or microchip – and typically made from thin slices of silicon crystals, known as wafers, contain tiny electronic components, such as transistors, diodes, and resistors.

An official survey shows that factory activity in China slowed more than expected in May, suggesting further pressure on an economy already burdened by a prolonged crisis in the property industry

India's growth surged to 8.2% in FY24, riding a better-than-expected 7.8% expansion in the March quarter on the back of robust manufacturing, provisional estimates released on Friday showed, underscoring the country's status as the world's fastest-expanding major economy. This is the highest annual growth since FY17, excluding the 9.7% post-Covid rebound in gross domestic product (GDP) in FY22 after the 5.8% contraction in FY21. The advance estimate released in February had pegged FY24 growth at 7.6%. Economists and government expect the high growth to continue though tepid private consumption remains a concern. The data comes ahead of the final phase of polling on Saturday.

issued the alert Friday on Crecelac Infant Powdered Goat Milk Infant Formula, after a sample collected from a Texas store tested positive for cronobacter, which can cause deadly infections in babies. The same bacteria sparked recalls and shortages of infant formula in 2022 after it was detected at a major U.S. formula factory.

Bosch Global Software Technologies has leased 691,320 square feet of space in Bengaluru as it aims to expand its India operations. The property is located at Life Science Park in Electronic City. Bosch will be paying rental at a rate of approximately ₹58 per sq ft with a binding agreement for five years with a hard option to extend by another five years, according to a lease registration document accessed by ET. «The new facility will seat around 8,000 employees and house the KPO operation under Robert Bosch. The annual rent escalation is 5% and Bosch will occupy the ground plus 10 floors in the new facility that is expected to go live by the end of 2024,» said a person with knowledge of the matter.

BENGALURU, India—India is set to be the world’s fastest-growing major economy this year, but economists say the country’s headline growth numbers don’t tell the whole story. The South Asian nation’s gross domestic product grew at more than 8% this fiscal year compared with the previous year, driven by public spending on infrastructure, services growth, and an uptick in manufacturing. That would put India well ahead of China, which is growing at about 5%, and on track to hit Prime Minister Narendra Modi’s goal of becoming a developed nation by 2047.

The number of complaints about grocery weight labelling filed to Canada’s food regulatory authority has gone up in the past three years, data shows, as frustration over the cost of living continues to run high across the country.

India's economy grew at a faster-than-expected pace of 7.8% year-on-year in the first three months of 2024, helped by a strong performance in the manufacturing sector, and economists expect the momentum to continue this year. The highest growth pace among the largest economies globally will bolster the economic record of Prime Minister Narendra Modi, who is hoping to win a rare third term in the national election, with results set to be released on June 4. Investors are looking ahead to the election outcome and the full-year budget in mid-July to see what steps the new government might take to boost the economy.

Aurobindo Pharma on Friday said its wholly owned subsidiary TheraNym Biologics Pvt Ltd (TheraNym) has entered into a master service agreement with Merck Sharpe & Dohme Singapore for contract manufacturing of biologicals. TheraNym is an affiliate of another Aurobindo Pharma subsidiary CuraTeQ Biologics Pvt Ltd. The master service agreement, inked effective May 31, 2024, will see TheraNym contract manufacture biologicals for the domestic and international markets.

India's economy witnessed a robust growth rate of 7.8 per cent year-on-year in the January-March quarter, surpassing expectations due to strong performance in the manufacturing sector. According to government data released on Friday, the GDP growth in the fourth quarter of the FY24, was slightly lower than the revised 8.6% growth in the previous quarter. Furthermore, economists are optimistic about sustained momentum throughout the year.

The U.S. Department of Labor wants a federal judge to prevent Hyundai and two other Alabama companies from what the government contends is the illegal employment of children

'America Reports' co-anchor Sandra Smith discusses fast food price hikes, the Kansas City Chief's invitation to the White House amid the Harrison Butker controversy and the NCAA agreeing to college athlete compensation plan.

TCS is involved in more than 100 Gen AI projects across the companies within Tata Group, Tata Consultancy Services’ chairman, N Chandrasekaran said during his address to shareholders at the annual general meeting on Friday. “All these projects are demonstrating very tangible business impact in terms of greater customer experience, productivity and efficiency. In e-commerce, Gen AI is being used to generate product catalogues, deliver conversational shopping experience, and provide personalised offers. In manufacturing, Gen AI is enabling shop floor workers to troubleshoot complex equipments by asking questions in their native languages, thereby making the availability of the infrastructure very high and improving productivity,” Chandrasekaran said.

subscriber count is seen rising several notches to 20-25 per cent of the overall base in one year, but though telcos are in a «better position» to execute tariff increase, actual visibility on a «meaningful» increase remains uncertain, Ind-Ra said. According to India Ratings and Research (Ind-Ra), this is because globally too 5G has not yielded any major tariff premium over 4G rates. The use cases of 5G in India are still limited to applications such as video streaming and multi-person video calls.