Manufacturing Financial News

Responsive Industries, a leading manufacturer of PVC products with a 'buy' rating and a 24-month target price of ₹436 apiece, citing long-term growth opportunities in the vinyl tiles. The target price implies an upside of 44% from the stock's latest closing price of ₹302.

Britannia Industries and a local bakery to pay ₹60,000 as compensation for selling biscuit packets that weighed significantly less than the declared weight, Bar and Bench reported.A consumer, George Thattil, had purchased two packets of "Britannia Nutri Choice Thin Arrow Root Biscuits" each claimed to weigh 300 grams, from Chukkiri Royal bakery. However, upon weighing, the packets were found to be 268 grams and 248 grams, respectively, much lower than the stated weight, the report added.George lodged a complaint with the Flying Squad of Legal Metrology's Assistant Controller in Thrissur, who subsequently verified and confirmed the shortage in weight.He then filed a complaint with the District Commission in Thrissur, seeking to stop illegal practices and claim compensation for financial, physical, and mental losses due to exploitation and deception.The Commission, led by President C T Sabu and members Sreeja S and Ram Mohan R, noted that there was a significant deficit in the biscuit's net weight in the MO1 package.

services and expansion of new export orders led to India’s private sector activity picking up in May, recording the third strongest increase since July 2010, according to the preliminary results of a private survey released Thursday. The HSBC Flash India Composite Output Index rose to 61.7 in May compared with 61.5 in the previous month. “The latest data showed strength in new export orders for both sectors, which rose at the fastest pace since the series started in September 2014,” said Pranjul Bhandari, chief India economist, HSBC.

NoPo Nanotechnologies, which makes an advanced material that can replace silicon in semiconductors and batteries and is supplying samples to chipmakers in Taiwan and Japan, is scaling up production capacity, its founders told ET. Single-walled carbon nanotubes (SWCNTs), which Bengaluru-based NoPo makes, have applications of a wide range, from EV battery manufacturing, where the material can improve energy density, to design of semiconductors.

Tesla Inc got off to a sluggish start to the second quarter in Europe, where Chief Executive Officer Elon Musk was expecting a much better showing than the first few months of the year. The carmaker registered just 13,951 vehicles in April, the European Automobile Manufacturers' Association said Wednesday, down 2.3% from a year ago and its worst tally since January 2023. Tesla's result was an exception in an otherwise encouraging month for battery-electric vehicle sales, which rose 14% industrywide.

Smart devices like baby monitors, fitness trackers and internet-connected appliances will soon be eligible for labels certifying that they meet federal cybersecurity standards

Prime minister, the 2014 Lok Sabha campaign was strongly anchored in the fight against corruption. In 2019, it was the 'labharthi' model reaching every segment of society, besides the national security imperative that took centre stage. The 2024 Lok Sabha election campaign was expected to be pitched on 'vikas' and 'Viksit Bharat'. But it seems to have turned communal and polarising, your thoughts? Perhaps, you find it polarising because you have not examined the crux of the matter. What is truly communal and polarising is Congress party's manifesto, their issues and their intent. It is my duty to expose them. Just because I am exposing them, you think it is polarising. You noted it correctly that in 2014, corruption was the main issue. In 2019, it was labarthis. In 2024, the main issue is Viksit Bharat. People across the country know that this is an important election which will ensure that we reach Viksit Bharat at the speed of the country's aspirations.

India's electronics manufacturing services (EMS) into sharp focus:

Generations—The History of America’s Future, 1584 to 2069. Social analyst and demographer Mark McCrindle came up with the term Generation Alpha, after the first letter in the Greek alphabet, to indicate they were all born in the 21st century, from 2010 to 2024.) There has been a shift from “collectivism to individualism as society is going through major changes," said Kavil Ramachandran, senior advisor at the Thomas Schmidheiny Centre for Family Enterprise in the Indian School of Business (ISB), Hyderabad. “As an economy develops, business is no longer about survival and children have been insulated from their parents’ struggles.

Cars, trucks and SUVs in the U.S. keep getting older

The families of 19 of the victims in the Uvalde elementary school shooting in Texas have scheduled a news conference ahead of the upcoming second anniversary of one of the deadliest school shootings in U.S. history

₹0.14 in May 2020 to ₹7 currently. However, it has witnessed strong correction in the last one year and in 2024 YTD (year-to-date) as well. The stock has declined over 52 percent in the last 1 year and over 32 percent in 2024 YTD.

Balu Forge Industries Ltd (BFIL) has acquired three forging lines having a combined capacity of producing 72,000 tonnes of heavy forged products annually for an undisclosed amount. The units are located in Karnataka, Balu Forge Industries said in a statement on Wednesday. BFIL announces the acquisition of three forging lines in a combination of hammers and presses capable of producing 72,000 tonnes per annum of heavy forged products, it said. BFIL Executive Director Trimaan Chandock said, «The acquisition also provides level playing footing with all global majors in critical engineering product space & equally compete with them at global level in terms of precision, product and pricing. These newly acquired production lines complements the existing precision machining capacity of 32,000 tonne.»

filed the lawsuit to prevent Telsa Power from using the "Tesla" trademark. It argued that Tesla Power's use of the trademark in India was causing confusion among consumers and potentially harming its business interests. It claimed Tesla Power not only had a similar trademark but also advertised itself as an EV company in newspapers.

Hero Electric Vehicles, Okinawa Autotech, and Benling India Energy and Technology, has revealed violations of the FAME-II norms, according to a Hindu Businessline report. It added that contrary to speculation, the companies have not been cleared of wrongdoing. Sources from the Ministry of Heavy Industries (MHI) told the paper that a new committee led by the Additional Secretary has been examining these issues.

government is likely to consider addressing the issue of inverted duty structure for certain products like paper, furniture, washing machines, solar glass, and air purifiers to promote domestic manufacturing, an official has said. Inverted duty structure refers to taxation on inputs at higher rates than finished products that result in the build-up of credits and cascading costs. The official said the Commerce and Industry Ministry has shared a list of products with the Finance Ministry to look at the inverted duty structure issues. The list was shared after holding detailed consultations with industry associations and export promotion councils.

Modi has highlighted economic growth as one of his biggest achievements. He has «guaranteed» the voters that he would make India the third largest economy, two notches higher than its current position if he gets a third consecutive term. He has said that the development done in the last 10 years was just an appetizer and the main course would come in the third term Click here to participate in our Lok Sabha Elections Survey to gauge the mood of the nation Confident of a win even as many analysts too see him cruising to a third term, Modi has also set an ambitious 100-day agenda if he returns to power. Addressing an election rally in Mumbai about a week ago, he announced that the blueprint for the first 100 days of his third term is ready. He stated that his 100-day plan would begin promptly after June 4 to avoid any delays in decision-making.

BCCI) has signed Wonder Cement as the official umpire partner for the Indian Premier League (IPL). Sources privy to the development said Wonder Cement will pay Rs 250 crore for the deal, which will begin with IPL 2024 play-off games and run until 2028. Wonder Cement, which replaces Paytm, is the sixth brand to join the IPL sponsor roster this year after Tata Sons, My11Circle, AngelOne, RuPay, and Ceat.

Small-cap stocks are making headlines again, but not for the reasons they were in March. Back then, comments from markets regulator, the Securities and Exchange Board of India (Sebi), had triggered a sell-off. Now, the narrative has flipped.

Bangalore (Karnataka) [India], May 20: In the fast-paced world of food and beverage, where trends shift with the wind and consumer preferences evolve rapidly, adaptability is key. Amidst this ever-changing landscape, Stonefield Flavors stands out as a beacon of innovation, reshaping the industry with its unwavering commitment to speed and creativity. Under the leadership of CEO Sandeep Devgan and his ‘Dream Team, as he calls it, the company has swiftly risen to prominence, becoming the fastest-growing flavour manufacturing multinational from India, a testament to its visionary strategies and dedication to excellence.

China is the runaway leader in supplying the world with the hardware to gather solar power