Manufacturing Financial News

The Economist’s parent company), for $1.6bn. The pair will team up to make EVs. To succeed, these efforts must still produce a competitive product with unique features.

“Our equity funds focus on investing in quality stocks with a high growth generation ability aimed at multiplying your money 2x – 3x in 4 – 5 years,” says Vikaas M Sachdeva, MD, Sundaram Alternates. In an interview with ETMarkets, Sachdeva said: “We have set frameworks in place, 3Q – Quality of Business, Quality of Management & Quality of Management & 4 x 4 Wealth Multiplier Themes – Consumer Discretionary, Manufacturing, Phygital & Financial Inclusiveness,”. Edited excerpts: You have recently written a white paper on Quality vs Value. Can you tell us if one has an upper hand over the other? Vikaas M Sachdeva: In the past, stock analysis primarily focused on beta, the risk compared to the overall market. However, the Fama and French study introduced additional factors like size, momentum, low volatility, quality, value, and growth, expanding the discussion beyond beta.

Hudson Institute senior fellow Rebeccah Heinrichs weighs in on Secretary Yellen’s controversial trip to China during an appearance on ‘Varney & Co.’

Newsweek quoted Kameron Jane as saying. The camera moves slowly towards the disc and we find a cooked chicken before the camera again pans towards the woman showing a bottle in her hand with a label saying "Pure Greek Olive." Now, as the camera moves back towards the kitchen counter, Kameron Jane says, "This delicious meal that she spent forever on... only after she finished, did we discover that it's shower gel." And now the camera zooms at the bottle label that reads, "shower gel olive blossom." As per the bottle label, the shower gel is manufactured by Korres, a Greek skincare and beauty brand known for using natural ingredients in its products, including olive oil.

At a time when the global euphoria about AI has propelled a three-fold surge in Nvidia Corp. and a 50% jump in a key US index for semiconductor manufacturers in less than a year, investors are pointing toward emerging markets for better value and a bigger pool of options.

The area of project in Khavda is five times the size of Paris and almost as large as Mumbai. The project was started in December 2022 and the first production was made on December 31, 2023. Adani Green Energy Limited will invest about Rs 1.5 lakh crore and Adani group will invest about Rs 2.3 lakh crore in renewable energy and manufacturing capacity by 2030. The project at Khavda is Hybrid renewable energy cluster where during the morning hours, solar energy is generated and during the evening hours wind generation is generated. It has operationalised capacity of 2,000 MW solar energy.

Thailand’s status as a tourism hotspot into an aviation and logistics hub — has discussed the Schengen-type visa idea with his counterparts in Cambodia, Laos, Malaysia, Myanmar and Vietnam in recent months. The facility is meant to ensure seamless mobility for travellers among the six neighbouring countries. With most leaders positively responding to the single-visa concept, tourism-reliant Thailand aims to generate more revenue per traveller and cushion its economy from headwinds such as sluggish exports and weak global demand that’s hurt its manufacturing industry.

Mint’s Plain Facts section brings out an update on key global economic data to thread together the biggest developments in the world that are worth paying attention to. The accompanying analysis and charts explain how each story is creating ripples on the global stage, where it is headed in the coming weeks, and whether it can impact India. This time, we explain why the Bank of Japan has ended a long era of negative interest rates and what is causing financial stress to citizens of several countries.

It is ChIna’s gravest economic test since the most far-reaching of Deng Xiaoping’s reforms began in the 1990s. Last year the country achieved growth of 5%, but the pillars of its decades-long miracle are wobbling. Its famously industrious workforce is shrinking, history’s wildest property boom has turned to bust and the global system of free trade that China used to get richer is disintegrating.

Abhishek Basumallick, Founder & Chief Equity Advisor, Intelsense Capital, points to two sectors which have not been in the public limelight, chemicals and insurance. “While I am pretty bullish on insurance, chemicals sector is getting to the stage where we are probably seeing bottoming out in the businesses and things could turn around in the next 12 months,” says Basumallick. He also points out that IT and banking may also see a turnaround but that will take longer. Let’s discuss the market momentum right now and it is clearly favouring the small and midcaps. What do you make of the way forward because on one hand, there is always the challenge that it is probably getting towards the frothy zone as the valuations are expensive in smallcap and midcap, but the market mood is such that they clearly want to buy more of that? Abhishek Basumallick: The point that you are making is very true as there is uncertainty in the minds of investors. But personally, I think that small and midcaps could be headed for a pre-election rally and it is going to be very interesting to see how the largecaps behave, but the next couple of months should be very interesting for the mid and smallcaps.

Thailand is steering an initiative for a joint-visa program with countries that together hosted about 70 million tourists last year as Prime Minister Srettha Thavisin ramps up initiatives to attract more long-haul and high-spending travelers. Srettha — who’s pledged to elevate Thailand’s status as a tourism hotspot into an aviation and logistics hub — has discussed the Schengen-type visa idea with his counterparts in Cambodia, Laos, Malaysia, Myanmar and Vietnam in recent months. The facility is meant to ensure seamless mobility for travelers among the six neighboring countries. With most leaders positively responding to the single-visa concept, tourism-reliant Thailand aims to generate more revenue per traveler and cushion its economy from headwinds such as sluggish exports and weak global demand that’s hurt its manufacturing industry.

sitars and tanpuras of Miraj, a small town in Maharashtra's Sangli district known for its craftsmanship in making musical instruments, have been awarded the coveted Geographical Indication (GI) tags. These instruments made in Miraj are much in demand among some of the prominent artistes, including those renowned in the field of classical music as well as film industry, the makers claim. The GI tag denotes the product comes from a particular geographical area, and often enhances its commercial value. The tradition of making sitars and tanpuras in Miraj goes back more than 300 years, with over seven generations of craftsmen having worked towards making these string instruments, the makers say.

Li Qiang on Sunday that the ability to have difficult conversations has put the two economic superpowers on «a more stable footing» over the past year. As they began a meeting in Beijing, Li responded that the two countries needed to respect each other and should be partners, not adversaries, adding that «constructive progress» had been made during Yellen's trip.

Ather Energy will continue to require external capital for a few more years for growth, cofounder and chief executive Tarun Mehta said on Saturday. At the same time, the overall two-wheeler EV industry would require government subsidies to continue to grow at a healthy rate, he added. Urging for a third version of the Faster Adoption and Manufacturing of Electric Vehicles (FAME) subsidies, Mehta said that a “critical and sunrise sector” like two-wheeler EVs “could see degrowth with some products becoming unviable” if subsidies are pulled back too quickly.

China agreed to hold talks that will address a key American complaint about China's economic model, Treasury Secretary Janet Yellen said Saturday on the second day of an official visit to China. The two sides will hold «intensive exchanges» on more balanced economic growth, according to a U.S. statement issued after Yellen and Chinese Vice Premier He Lifeng held extended meetings over two days in the southern city of Guangzhou.

US lauds India's policy of ‘forcing’ Russia to sell oil at bigger discounts "Agreed that the US and China will hold intensive exchanges on balanced growth in the domestic and global economies. These exchanges will facilitate a discussion around macroeconomic imbalances, including their connection to overcapacity, and I intend to use this opportunity to advocate for a level playing field for American workers and firms," Yellen said. On Friday, Yellen chided China for “unfair" treatment of American and other foreign companies.

China -U.S. Treasury Secretary Janet Yellen said on Saturday that she and Chinese Vice Premier Hi Lifeng agreed to launch exchanges on balanced growth in domestic and global economies, an effort she said partly aimed at addressing U.S. concerns about China's excess manufacturing capacity. After two days of economic talks in China's southern export hub of Guangzhou, Yellen said she and He also agreed to start a forum to cooperate on anti-money laundering efforts in their respective financial systems.

Certain kinds of liquid laundry detergent pods from Procter and Gamble are being recalled in Canada due to concerns over potential damage to child-resistant packaging.

Irdai) is increasing its scrutiny of venture-funded startups that are aiming to become insurance companies, following the spate of financial irregularities at several new-economy firms, people aware of the matter said. To begin with, companies seeking a licence are required to liquidate any holding company structures and instead accept investor funding directly in the entity that is submitting the application, they added.

Hero MotoCorp, Bajaj Auto, TVS, Ather Energy, Ola Electric Mobility, and Kinetic Green have received approvals to sell two-wheelers and claim subsidy under the newly unveiled Electric Mobility Promotion Scheme (EMPS), 2024. According to government officials aware of the development, these prospective subsidies can be claimed for sales made in the upcoming four months. The move is aimed at addressing any industry concerns about financial support going away after the second leg of Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles in India (FAME II) scheme that lapsed on March 31, 2024.

₹1 to ₹1.5 lakh for the entire certification process, depending on the size of the drone," Khare told Mint. This fee is the lowest in the industry, making NTH an attractive choice for manufacturers looking for affordable certification services, the secretary said. Currently, only a few private agencies are engaged in testing these sub-parts and they charge between ₹10 lakh and ₹14 lakh for the certification.