Manufacturing Financial News

Mint examines Tesla's aggressive trademark-protection strategy and how India's trademark regime shields foreign companies operating in India from infringement by domestic entities. We also explain how this case could set a precedent for future trademark-infringement cases in India’s growing EV market. On 4 May, Tesla Inc sued Tesla Power India Pvt Ltd, accusing the Gurugram firm of infringing on its trademark and misleading consumers by implying association with Tesla Inc's electric vehicle (EV) batteries.

demat accounts. Also Read: Finelistings Tech Listing: Stock makes muted market debut, lists with a mere 3.25% premium at ₹127 Individuals who received shares will have their demat accounts credited on Tuesday, May 14.

₹3.5 per share in January 2024. With a consistent dividend payout over the past 15 years and an average dividend yield of at least 2% since 2018, the company is on a solid trajectory. Also, the company is executing several plans that will grow its revenue in the medium term.

Chuck Heinle, a small-business owner in Maryland, was thrilled when electric-vehicle startup Fisker reached out to rent one of his warehouses outside Baltimore. He ended up signing a lengthy lease with the company early last year to use the space as a vehicle-delivery center. “As soon as they contacted me to lease the building, I invested quite a bit of money" in Fisker stock, Heinle said.

₹75, which is 141.9% higher than the issue price of ₹31. The subscription period for the Refractory Shapes IPO began on Monday, May 6, and ended on Thursday, May 9. The price band was set between ₹27 and ₹31 per equity share with a face value of ₹10 apiece.

shares of Refractory Shapes debuted on the NSE SME platform with a premium of 142% on Tuesday. The stock was listed at Rs 75 as against an issue price of Rs 31. Ahead of the debut, the company's shares traded with a premium of Rs 15 in the unlisted market.

Northern Lights: Why do we get auroras on Earth after eruptions occur on Sun? NASA says THIS Moreover, NASA has proposed a solution for transporting regolith mined for ISRU consumables (H2O, LOX, LH2) or construction materials, as well as for moving payloads around the lunar base and to/from landing zones or other outposts. They introduce FLOAT — Flexible Levitation on a Track — to address these transportation needs. The FLOAT system utilizes unpowered magnetic robots that levitate over a 3-layer flexible film track.

Having displaced the US, China is back in the top spot as India’s biggest trade partner, with bilateral trade hitting $118.4 billion in fiscal 2023-24, according to Global Trade Research Initiative data. This was made up of $101.7 billion in imports by India, up 3.2%, and $16.7 billion in Indian exports, up 8.7%.

Shriram Finance: US-based Warburg Pincus has acquired a majority stake in Shriram Housing Finance Ltd (SHFL) for ₹4,630 crore, marking its largest deal in India. The acquisition was made through its affiliate Mango Crest Investment Ltd from Shriram Finance Ltd (SFL) and other sellers. The deal is expected to be completed by February 7, 2025.

Tesla lays off over 16,000 employees; many face H-1B visa deadline Last month, Musk had planned his visit to India but he later postponed it. However, just days later, the billionaire visited China and won concessions for Tesla. Musk was due to meet PM Modi around April 22 and announce an investment of up to $3 billion in a car plant but cancelled saying there were "very heavy Tesla obligations".

A tiny, low-priced electric car called the Seagull has American automakers and politicians trembling

Nayara Energy is planning to invest ₹600 crore to set up two ethanol manufacturing plants in the country, said a senior company executive. Each plant will have a production capacity of 200,000 kilo litres of ethanol per day. These will be set up in Andhra Pradesh's Naidupeta and Madhya Pradesh's Balaghat, and are slated for commissioning by 2026. The company will use broken rice and maize for feedstock. In the long run, the company plans to have five ethanol manufacturing plants. «We have big plans on the ethanol front. By 2025, we have to blend 20% ethanol, so we have a mission for 100% sourcing. We aim to have at least five ethanol plants in the long term but to start with, we are setting up two,» said Prasad Panicker, executive chairman at Nayara Energy.

Public sector banks (PSBs) will identify one "champion sector" in their business plans, to expand significant presence in it by developing specific sector capabilities, said officials. The lenders will also look to design tailored products for segment-specific lending and build internal capacities such as stress testing and early warning signals, they said. «We are discussing these metrics with PSBs as part of their business roadmap till 2026-27,» said one of the officials, who did not wish to be identified. This initiative is part of the Viksit Bharat (developed nation) strategy for PSBs, which includes onboarding sector-specific advisors and developing credit underwriting models to expedite loan approvals. The move seeks to complement the government's efforts under the Production Linked Incentive scheme that seeks to develop manufacturing capabilities in select identified areas. «Banks will focus on non-traditional sectors and collaborate to leverage the expertise developed among them,» said another official.

₹44 crore in Q4FY24 from ₹30.6 crore during the year-ago quarter. The company's revenue increased 17% year on year from ₹235 crore to ₹276 crore during the period under review. “With numerous historic milestones crossed, FY24 continues to delight us and our stakeholders.

Tier-2 cities or non-metros are giving tough competition to top metro cities in the country in terms of infrastructure development, as a result attracting NRIs and resident Indians to invest.

By Ruchir Sharma

rice that is distributed free to the poor under the Pradhan Mantri Garib Kalyan Anna Yojana (PMGKY), two officials said. The proposal was seen as too expensive and labour intensivein the absence of sifters, graders and other machinery. Proposals on the table now includes increasing the allocation of rice under PMGKY, giving free food to employees of the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS), and reducing the price of rice under the open market sales scheme (OMSS).

₹700 crore ($85 million) in brownfield expansion through FY25. This capital expenditure (capex), she revealed, will mostly be assigned towards the contract development and manufacturing organisation (CDMO) segment of the company. “The plan for the next year will be to uphold our continued focus on revenue growth, brownfield organic expansion, Ebitda and net debt to Ebitda ratio improvement.

Voltas, Daikin and Blue Star said there is a shortage of products or models in the industry, due to unprecedented demand amid the heatwave conditions prevailing for the past month and a half.

Former President Donald Trump rewrote the consensus on trade policy, so much so that President Biden largely copied it: Prioritize domestic manufacturing, deprioritize trade deals, sideline the World Trade Organization and embrace tariffs. Other than Trump himself, no one did more to refashion that consensus than his trade ambassador, Robert Lighthizer. He has unfinished business.

₹67/share. Mandeep Auto Industries' IPO lot size is 2,000 shares. The equity share allocation for the IPO is as follows: non-institutional investors (NII) can pick up to 17,88,000 equity shares, retail individual investors can buy up to 17,90,000 equity shares, and market makers can get up to 1,90,000 equity shares.