Manufacturing Financial News

aircraft-manufacturing plants in the Seattle area Friday night unless the workers accept the company's last offer on wages. The company said the two sides were far apart in negotiations. It described the lockout as a precautionary move because the union could go on strike at any time once the current contract expires at midnight local time.

A 'Mornings with Maria' panel reacts to the March jobs report, the Fed's expected rate cuts, inflation, A.I. stocks and Biden's 2025 budget proposal.

NEW DELHI : The Union government has become the sole authority for issuing manufacturing licences for new drugs meant for exports, withdrawing the power from state governments amid heightened global scrutiny of Indian made drugs. The sole licensing authority from now on will be the Central Drugs Standard Control Organisation (CDSCO), India's apex drug regulatory body.

The Biden administration softened its proposed limits on tax credits for electric vehicles, letting consumers get up to $7,500 for cars containing Chinese graphite through 2026. That is a two-year extension before some of the most stringent supply-chain requirements kick in. The reprieve gives car manufacturers an easier than expected path to make and sell vehicles eligible for the full tax credit.

Boeing has more parts trouble, but this time it doesn’t stem from manufacturing snafus or the 737 jet. The blame goes to Russia sanctions still rippling through the jet maker’s supply chain. In the opening days of Russia’s invasion of Ukraine, a maker of a temperature-regulating part for Boeing’s 787 Dreamliner ceased its Russian operations and shifted production west.

NEW DELHI : The government is exploring new pricing strategies for the medical device industry and also looking at specific regulations to streamline the licensing, trading, and exporting processes for manufacturers, according to officials familiar with the situation. Medical device licences are currently categorized under the Drugs and Cosmetics Act, and industry associations have long advocated for specific regulations, arguing that the criteria for drug licensing are not suitable for medical devices.

Ambuja Cements, ACC, Dalmia Bharat Q4 earnings performances have remained a mixed bag. While some met expectations and few as UltraTech and even ACC performance came ahead of expectations, Dalmia Bharat and Ambuja Cements Q4 performance remined below expectations on weaker than expected realizations.

«This kind of a dramatic change in price owes itself to many things, but most of all, over-regulation of the market,» Bajaj said while responding to reporters at the launch of the Pulsar NS400Z. He clarified that he did think that norms like BS-VI were good for the society. But at the same time, opined that the government should consider reducing the GST rates charged on these vehicles.

Swiss Military on Friday said it will set up its first fully owned manufacturing unit in India in Haryana with an initial investment of Rs 56.5 crore. The company plans to set up its first fully owned manufacturing unit for luggage and travel gear in Faridabad, Haryana, Swiss Military Consumer Goods Ltd said in a statement. Spread over 1.21 acres and a built-up area of about 85,000 sq ft, the proposed plant will have a production capacity of 10 lakh pieces per year, it added. The targeted completion for the manufacturing unit will be within 8 months by Dec 31, 2024 at an initial investment of Rs 56.50 crore, the company said.

Sprayking has given exceptional returns to its investors in the last 4 years. The stock has skyrocketed around 3,092 percent from ₹1.59 in April 2020 to currently trade at its record high ₹50.75. Meanwhile, the stock has also given multibagger returns, almost 132 percent in the last 1 year.

Piramal Pharma shares jumped 7.35% in today's trading session to a new 52-week high of ₹153.90 apiece, and this was also the stock's highest level in 18 months. They finished the last six out of seven weeks in green, gaining 32% as investors cheered to multiple positive developments. However, despite this recent uptrend, the stock has yet to surpass its IPO price of ₹200, which it hasn't achieved since its listing in October 2022.

₹79,900 in September 2021, but almost 3 years later, the premium smartphone from Apple can be bought for as low as ₹47,499 during the ongoing Amazon Sumer Sale. The iPhone 13 (128GB storage variant) is listed for a price of ₹48,999 on Amazon, and the price can be further reduced by up to ₹2,000 by making the payment through ICICI Bank Credit Card EMI mode. The iPhone 13 (128GB storage variant) is listed for a price of ₹48,999 on Amazon and the price can be furhter reduced by up to ₹2,000 by making the payment through ICICI Bank Credit Card EMI mode, takin effective price of the Apple device to ₹46,999.

SRM Contractors: The IPO was listed SRM Contractors shares were listed at ₹225 apiece, a premium of 7.14 percent to the issue price of ₹210 per share, on the BSE on April 3. Currently trading at ₹199.15, the stock is below its issue price. The issue was open for subscription between March 26 and March 28 with a price band set in the range of ₹200-210 apiece.

Netweb Technologies, a prominent provider of high-end computing solutions (HCS) in the country, continues its winning streak as its shares hit the 5% upper circuit limit for the second consecutive session on Friday, reaching ₹1852 apiece. This brings them close to their all-time high of ₹1892, with just a 2% difference. This surge in the stock price began after the company reported a strong set of numbers for the March ending quarter and for the full quarter of FY 24.

processed foods have become a convenient option for many. From ready-to-eat meals to nutrition products, different products line our shelves promising quick satisfaction. However, lurking beneath the appealing packaging are hidden dangers that can wreak havoc on our health. India's food and beverage (F&B) industry has undergone a significant change. It is crucial for businesses, policymakers, regulators, public health experts, and industry leaders to educate consumers about scientifically backed information. This is where the labelling of F&B products becomes vital in enabling consumers to make well-informed choices about their nutrition. In the maze of product labels adorning packaged foods, deciphering the fine print can be daunting. However, mastering the art of reading labels is crucial for making informed and health-conscious choices. Here's a guide on how to navigate product labels effectively:

₹419 in intra-day deals today, May 3, 2024. The stock has now advanced 101.5 percent from its 52-week low of ₹207.85, hit on September 28, 2023. Meanwhile, Hindalco touched its all-time high of ₹661.30 last month on April 26, 2024, and is currently just 2 percent away from the peak.

Hindustan Times reported. Also Read | Apple share price jumps 6% as Q2 earnings, forecast beat estimates; unveils record $110 billion share buyback Speaking about the Apple's iPhone manufacturing in India, Hindustan Times reported that Tim Cook emphasised the strategic importance of local production for maintaining competitiveness.

Boeing aircraft has died.Joshua Dean, 45, was a former quality auditor for Boeing supplier Spirit AeroSystems in Wichita, Kan. He worked on the Boeing 737 Max program and filed a formal whistleblower complaint to the Federal Aviation Administration (FAA) in 2023 over improper manufacturing practices he witnessed.

Toothbrushes used to be simple, powered only by your hand so they never broke down

China and Russia to commit to the use of nuclear weapons by only humans and not technology supported by automatic systems such as Artificial Intelligence (AI), as per a report on Independent. Underlining the importance of it, Paul Deans who serves in the State Department’s Arms Control Division stated that the US has a clear commitment to this principle and was supported by Britain and France, in this regard. “We would welcome a similar statement from China and the Russian Federation” said Dean who is the Deputy Assistant Secretary in the Bureau of Arms Control, Deterrence and Stability.

gloves, which are getting dumped in the country from Southeast Asian countries like Malaysia and Vietnam, people aware of the development told ET. The meeting to be held by the department of pharmaceuticals (DoP) will discuss bringing surgical gloves and single-use medical examination gloves under the quality control order (QCO) to ensure better standards for these products whether imported or manufactured in the country, sources said. At present, these gloves are not regulated properly, resulting in import of substandard gloves rejected in other countries. Senior officials from the textiles department, the country's drug regulator, the Bureau of Indian Standards (BIS), and industry associations will attend the meeting. They will discuss issues of importers procuring substandard gloves at prices lower than the manufacturing cost of medical/surgical gloves and dumping of cheap rubber gloves from countries like Malaysia and Vietnam, sources cited above said.