Manufacturing Financial News

Orion India, the India arm of South Korea’s confectionery maker Orion Holdings, is doubling down on its local portfolio of snacking products which include Choco Pie dessert snack and Turtle chips, the company’s managing director Saurabh Saith said. The company, which entered India five years back, is expanding capacity at its existing manufacturing plant in Rajasthan, and adding new snacking products to respond to demand surge, Saith said. The snacks maker has signed actor Palak Tiwari to endorse its Turtle Chips franchise in India. The rising popularity of Korean foods has led to large brands extending their portfolio to Korean brands, including Nestle which extended Maggi to Korean BBQ noodles in recent months and ITC which expanded its portfolio of Bingo chips to include Korean variants last week.

Renault Nissan Automotive India Pvt Ltd on Friday said it has received Platinum category recognition for its efforts on water conservation from internationally accredited body DQS. Germany-headquartered DQS is an internationally accredited ISO certification agency specialising in audits, assessments and training across the globe. The firm conducted a rigorous audit at RNAIPL factory in February 2024, the company said in release issued on World Water Day today, The certification marks the success of Renault Nissan Automotive India Pvt Ltd (RNAIPL) in implementing a comprehensive strategy to reduce the Chennai manufacturing facility's water footprint through extensive rainwater harvesting and recycling of wastewater, among other steps. The company said that it has also set a target of achieving a 21 per cent reduction in water usage by 2030. The Chennai-manufacturing facility uses recycled water for a variety of industrial purposes. «RNAIPL has an unwavering commitment to sustainability and responsible water management.

Uno Minda on Friday said it has tied up with Starcharge Energy to manufacture and sell electric vehicle supply equipment in the country. The company has entered into a technical license agreement with Starcharge Energy Pte for wall-mounted AC chargers designed for home charging. «This collaboration further strengthens our dedication to 'Make in India' and for accelerating the nation's transition to a sustainable and electrified future,» Uno Minda Group CMD Nirmal K Minda said in a statement. StarCharge, a global leader in electric vehicle charging infrastructure and microgrid solutions, operates in 67 countries and regions with manufacturing facilities in the US, Vietnam, and China.

ABB is a technology leader in electrification and automation, enabling a more sustainable and resource-efficient future. The company’s solutions connect engineering know-how and software to optimize how things are manufactured, moved, powered, and operated.

Investing.com — U.S. futures edged higher Friday, ending the week on a positive note after the Federal Reserve reaffirmed its plans to cut interest rates this year, potentially as soon as June.

Tesla (NASDAQ:TSLA) has reportedly scaled back its electric vehicle (EV) production in China as it faces slower growth in the sales of new-energy vehicles and increased competition in the world's largest car market.

MUMBAI : D’Decor, the nation’s leading manufacturer of curtains and upholstery, is set to significantly expand its capacity, aiming to boost its daily output from 140,000 metres of fabric to over 200,000 metres within the next four years, managing director Sanjay Arora said. In an interview, he stressed the importance of meeting rising consumer demand while preserving the company’s competitive edge. "We are a zero-debt company, and all expansion will be funded through internal accruals," he said.

midcap companies, with their share prices tumbling. Interestingly, this downturn has drawn attention from an unexpected quarter: the companies' own promoters, who have seen this as an opportune moment to buy back their shares. This marks a stark departure from the previous month, where the trend was more toward promoter selling.

₹678, indicating an upside potential of 40 percent from its current market price of ₹484.20. "Hindustan Foods Limited (HFL), the largest consumer contract manufacturer in India, has built durable moats by scaling up its manufacturing base, building strong clientele, constructing the widest array of product portfolio and creating operational efficiencies. Over the last four years (FY19-23), HFL has scaled up its sales and EBITDA five-fold, while profitability six-fold.

Investing.com-- Shares of SMIC sank on Friday, leading declines across major Chinese technology firms after the Biden administration suggested that China’s biggest chipmaker may have flouted U.S. export curbs to produce a new chip for a flagship Huawei phone. 

₹200, a premium of 38.89% over the issue price on the BSE SME Markets had been anticipating decent listing gains from KP Green Engineering IPO as was evident from subscription numbers and Grey Market premium (GMP) The grey market premium (GMP) for KP Green Engineering's IPO stood at +50 according to www.investorgain.com. This indicates that the KP Green Engineering share price was being traded at a premium of ₹50 on the grey market. A "grey market premium" denotes the willingness of investors to pay more money than the issue price.

HANOI (Reuters) — U.S. food and drink maker PepsiCo (NASDAQ:PEP) Inc has committed to investing an additional $400 million in Vietnam to build two new plants powered by renewable energy in the country, its government said on Friday.

By Alexandra Alper and Karen Freifeld

Investing.com-- The S&P 500 closed at record highs Thursday, as rally in stocks continued, a day after the Federal Reserve continued to signal three rate cuts for this year.  

₹12 lakh. On developing scalable solutions, energy offers an interesting example. On the production side, India has set a target of half of all energy from renewable sources by 2030.

Mint that Inox Wind, a group company focused on wind energy solutions, plans to set up a C&I vertical to primarily cater to the group’s captive power demand, which is around 500-600 MW. Noida-headquartered INOXGFL Group is present in chemicals manufacturing and renewable energy businesses through Gujarat Fluorochemicals Ltd (GFL); GFCL EV Products Ltd; GFCL Solar & Green Hydrogen Products Ltd; Inox Wind Ltd; Inox Green Energy Services Ltd; and Inox Wind Energy Ltd. Inox Green Energy Services Ltd is one of the major wind power operations and maintenance (O&M) service providers in the country, servicing a 3.2 giga watt (GW) portfolio.

The heads of leading U.S. airlines want to meet with Boeing and hear the aircraft manufacturer’s strategy for fixing quality-control problems that have gained attention since a panel blew out of a jetliner in January

A Communist Party newspaper says Vietnam’s Vice President Vo Thi Anh Xuan will be acting president after the previous president’s resignation

business activity held steady in March, but prices increased across the board, suggesting that inflation could remain elevated after picking up at the start of the year. S&P Global said on Thursday that its flash U.S. Composite PMI Output Index, which tracks the manufacturing and services sectors, dipped to 52.2 this month from 52.5 in February. A reading above 50 indicates expansion in the private sector.

Shyam Metalics & Energy announced its ambitious foray into a greenfield expansion project focused on aluminium flat-rolled products. The Group intends to invest Rs 450 crore in the project. The investment is aimed at capacity expansion of the group while also generate the employment of 1000 direct and in-direct jobs. It will also increase manufacturing of Aluminium flat rolled products to bridge the demand & supply gap making Shyam Metalics group self reliant for the raw materials of aluminium foil business. The plant is to be setup in Odisha. With an annual capacity of 60,000 metric tons per year (KTPA) of flat-rolled products, this expansion marks a significant stride towards sustainable manufacturing and supporting the ever-increasing electric vehicle (EV) sector in India.