Manufacturing Financial News

The South Carolina House has given key approval to a wide-ranging bill that supporters say will make sure the fast-growing state has plenty of electric power

Manufacturers and shippers are scrambling to figure out where they can load or unload cargo while the main operations at the Port of Baltimore remain closed due to Tuesday’s deadly collapse of the Francis Scott Key Bridge

NEW DELHI : Goldman Sachs joined a clutch of investment firms that are seeing higher potential for India’s economic growth, encouraged by a strong spell of investment as well as manufacturing activity in the country. Goldman Sachs on Thursday raised its forecast for India's economic growth in calendar 2024 to 6.6%, up 10 basis points (bp), on the back of higher investment spending and activity data. Rating agency Moody's earlier this month raised its forecast for India's GDP growth in 2024 to 6.8% from 6.1%, reflecting both global and domestic optimism in the country's economy on the back of robust manufacturing activity and infrastructure spending.

NEW DELHI : The output of eight core infrastructure sectors, which account for two-fifths of India’s industrial output, expanded by 6.7% in February—the fastest pace in three months, according to data released by the ministry of commerce and industry on Thursday. The growth in India's eight key infrastructure industries—coal, crude oil, steel, cement, electricity, fertilisers, refinery products, and natural gas—was also revised to 4.1% for January, from 3.7% earlier. During February 2023, core sector output had expanded at 7.4%.

Chinese leader Xi Jinping has called for closer trade ties with the U.S. during a meeting with top American business leaders in Beijing

IPO of Jay Kailash Namkeen opened for subscription earlier today and will close on April 3. The company aims to raise about Rs 12 crore through the SME IPO and list the shares on the BSE SME platform. Here are 10 key things investors need to know about the public offer before subscribing to the issue.

₹$1,000, could be manufactured for less than $5 a month, a new study has suggested. Novo Nordisk charges close to $1,000 per month for the Ozempic injection before insurance in the US market. However, the blockbuster drug's manufacturing cost is much lower than its selling price.

₹395.00 apiece on the BSE. In a regulatory filing on Wednesday, Lokesh Machines said that the Ministry of Home Affairs, Government of India has granted the Arms License in Form VII for the manufacture and In-House Proof testing of small arms. “Subject to the receipt of commercial license.

NEW DELHI : In line with the Indian government’s Make-in-India initiative, Israel Aerospace Industries has launched its Indian subsidiary, Aerospace Services India, with plans to set up a large-scale hub for maintenance, repair and overhaul (MRO) of defence equipment in Gurugram, the Indian subsidiary’s top official said in an interview. “We are planning to build a large MRO in Gurgaon area.

BEIJING — China's economy is ending the first quarter on a «strong» note, according to a business survey published by the China Beige Book on Thursday.

Companies growing more comfortable with artificial intelligence are bringing the latest tools into their supply chains, with goals of cutting costs, speeding up distribution and getting ahead of potential disruptions. The early steps suggest areas where logistics operators see the greatest near-term benefits from generative AI, the developing technology tool that can quickly sort through large amounts of information, make predictions and respond to questions in a humanlike voice.

consumer goods manufacturers. They have launched more premium products than mass-market ones in the last two years in several categories as per data from companies and market researchers. Inflation in the last financial year played a key role, said experts, taking a toll on mass-segment sales as prices went up across products while economic stress in the low to middle income groups hasn't eased up much since the pandemic period. More than 70% of the new products launched by India's largest consumer goods maker Hindustan Unilever in last two years were in the premium segment. Around 65% of all new personal care product launches were in the premium segment for ITC Ltd, doubling the contribution of such products to the division's sales in the last four years to 38%. For the largest biscuit maker Parle Products, around 60-65% of new launches were in the premium segment as compared to 40% pre-Covid.

Treasury Secretary Janet Yellen is calling out China’s excess production in green energy, calling it unfair competition that “distorts global prices” and hurts companies and workers around the world

Edvin Thompson had everything a young designer could hope for: accolades from Vogue and the CFDA, dresses selling at Bergdorf Goodman and a spot on the official New York Fashion Week calendar. Then, with just two weeks’ notice, he canceled his February runway show. His sponsors had fallen through, he said, which meant he’d be paying around $125,000 out of pocket to stage the show—a move that could put his brand in dire financial straits.

investment are going to create more job opportunities during the decade, Chief Economic Advisor (CEA) V Anantha Nageswaran said on Tuesday. The last decade of the century was marked by a decline in capital formation in the economy and moderation in credit growth, he said at an event here. «Hopefully, those things are a thing of the past. Non food credit growth is now running close to 20 per cent, balance sheets of companies and banks are in good shape and hiring (is showing improvement),» he said. Quoting 2021-22 data, he said, employment in agriculture declined by 15 lakh, manufacturing and services added 37 lakh jobs each and the construction sector generated 19 lakh jobs, he said.

Maruti Suzuki India Share Price Today: Shares of India's largest car manufacturer were locked at over three per cent upper circuit to hit a 52-week high mark of ₹12,724.95 apiece on the BSE earlier today as the firm's market capitalisation (Mcap) breached ₹4 lakh crore-mark in intra day trade. On Wednesday, March 27, shares of Maruti Suzuki opened at ₹12,265.05 and gained 3.74 per cent to hit a 52-week high of ₹12,724.95 apiece on the BSE. Shares settled 2.16 per cent higher at ₹12,520.30 apiece on the BSE.

₹426 crore ($51 million) as per IQVIA MAT February 2024. Sanofi said it will continue to own, manufacture and import them to the country. M.V.

Stocks to buy: IndiGo, Adani Ports, Jindal Steel among 5 stocks that can rise 12-53% in next 1 year, say brokerages The analyst expects the strong momentum to continue going forward, led by a further improvement in occupancy and ARR, on the back of a resilient demand scenario, an increase in ARR with the addition of Aurika MIAL and room renovations, and a strong addition of hotel under management contracts. Management expects mid-teen ARR growth with an occupancy rate of over 70 per cent in FY25.

IPO Review: 25 companies hit Dalal Street in March with two more set to list The large-cap space has also performed well in FY24, with a handful of stocks delivering multibagger returns. The benchmark index, Nifty 50, which represents the country’s top 50 blue-chip companies across various sectors, has soared 30% in FY24 so far. It ended 9 out of the last 11 months in the green.

Skipper, which is present in the power, telecom, and water sectors, the essential building blocks of a nation, has experienced remarkable growth in its shares, greatly benefiting its shareholders. Just twelve months ago, each share of the company was valued at ₹90, but now they're worth ₹316.55, marking a substantial increase of 290%.

Tesla to start manufacturing in India, ensures that the king of Indian EVs and the king of American EVs drive in separate lanes but Tata Motors and Tesla may race against each other in the luxury car segment. Posing competition risk to a few of the upcoming models of M&M and Tata Motors at the upper end of the SUV market, the policy allows 8,000 units of electric vehicles above $35,000 (Rs 29 lakh) to be imported annually at lower duty of 15% vs 70-100% currently for 5 years against an investment of $500 million for local manufacturing.