Manufacturing Financial News

20.03 / 12:49

markets UPS Manufacturing JSW's newest EV bet: e-buses and e-trucks

MUMBAI : Sajjan Jindal-led JSW Group is looking to finalize a partner to manufacture electric buses, and eventually electric trucks, as the conglomerate bolsters its plan to expand into the electric vehicles market to include commercial vehicles. The group will manufacture these electric buses and trucks in Odisha, where it has committed an investment of ₹40,000 crore to set up an integrated electric vehicle manufacturing facility, Parth Jindal, managing director JSW Cement & JSW Paints, said.

20.03 / 12:49

markets Manufacturing security Research War performer reports Birla Opus entry may spark tough paint sector competition, margin concerns; what should investors do?

₹10,000 crore in its decorative paints business, aiming to build six manufacturing plants in India by 2025. In February, Aditya Birla Group chairman Kumar Mangalam Birla said he expected the group's new paints business to turn profitable in three years, as the conglomerate marked its entry into the rapidly expanding ₹80,000-crore Indian decorative paints market. As Mint reported earlier, Birla Opus products will be available in Punjab, Haryana and Tamil Nadu from mid-March and in towns with populations of at least 100,000 by July 2024.

20.03 / 12:23

UPS Manufacturing security awards President 2020 Intel rises as Biden administration awards it $20 billion in grants and loans

The Biden administration, in a push to enhance semiconductor production in the United States, has provisionally agreed to grant Intel (NASDAQ:INTC) up to $8.5 billion in funding through the CHIPS Act.

20.03 / 11:57

UPS Man Citizens Manufacturing Tesla Trade information Pair accused of stealing battery manufacturing secrets from Tesla and starting their own company

Federal prosecutors in New York say two men are charged with starting a business in China using battery manufacturing technology pilfered from Tesla and trying to sell the proprietary information

20.03 / 11:57

UPS Provident Manufacturing Election President reports Department Biden to tout government investing $8.5 billion in Intel's computer chip plants in four states

The Biden administration has reached an agreement to provide Intel with up to $8.5 billion in direct funding and $11 billion in loans for computer chip plants in Arizona, Ohio, New Mexico and Oregon

20.03 / 10:51

markets UPS Manufacturing CEO security reports Intel prepares for $100 billion spending spree across four US states

By Stephen Nellis

20.03 / 10:43

UPS Manufacturing Assurant security electronic hospital Semiconductor manufacturing plant in Assam will put it in global map, says Ratan Tata

₹27,000 crore. Attaching pictures of him, Himanta Biswa Sarma, and Tata Sons Chairman N Chandrasekaran, took to X and said that Manufacturing of semiconductors in Assam will put the state on the global map. "The investments being made in Assam transform the state in complex treatment for cancer care.

20.03 / 09:47

UPS Manufacturing security Strategy President reports Department White House announces almost $20 bn in loans, grants to boost Intel chip production

White House unveiled almost $20 billion in new grants and loans Wednesday to support Intel's US chip-making facilities, marking the Biden administration's largest funding announcement yet as it tackles China's dominance of the crucial technology. President Joe Biden's decision to make the announcement during a trip to Arizona underscores his strategy of highlighting legislative achievements in key battleground states ahead of November's presidential rematch against Donald Trump.

20.03 / 08:33

markets COST UPS Target Manufacturing Experts innovations 3 agrochemical stocks including Dhanuka Agritech can rally up to 23%

Also Read: Insider alert: Top 5 companies in which promoters are increasing their stake In contrast, India's agrochemicals market is expected to witness a higher CAGR of 6.0–6.5% by 2027–28, touching US$ 9.8 billion. According to the brokerage, the country's emergence as the second-largest exporter of agrochemicals globally is notable, driven by a surge in exports to key markets such as the USA and Brazil. It highlights that the regulatory reforms, technological advancements, and sustainability initiatives will be poised to further propel growth in the Indian agrochemicals landscape.

20.03 / 07:47

UPS Manufacturing economy Food show hospital Headlines Inflation to ease, FY24 GDP growth seen at 6.6%: Kotak Bank chief economist Upasna Bhardwaj

int. She expects the headline inflation rate to ease to 4.5% by fiscal year 2025 (FY25) while projecting a GDP growth of 6.6% for FY24, below the government’s optimistic estimate of 7.6%. "The 6.6% itself shows a firm growth, especially in an environment where the global economy could slow down (further)," she said.

20.03 / 07:37

Digital Manufacturing classical Department Features International Sporting MG Motor, JSW unveil 'world's first electric sports car' Cyberster. Here are likely price & launch date, speed, other details

JSW Group and Chinese car manufacturer SAIC Motor-owned MG Motor India today unveiled the Cyberster, an all-electric convertible roadster, in India. This vehicle, touted as the world’s first fully-electric super gaming car, is powered by dual motor. The company said that the Cyberster can accelerate from 0-100 km/h in just 3.2 seconds. Commenting on the launch, Sajjan Jindal, Chairman of JSW Group said that they want to launch one electric vehicle every 3-4 months. «The idea is to create a Maruti moment,» Jindal said. MG Motor, a British brand owned by SAIC Motor, entered into a joint venture with the JSW Group. Jindal’s JSW Group hold 35 per cent of the company’s India operations. MG Motor today displayed three new EVs — MG 4 EV Hatchback, alongside MG 5 and MG Cyberster.

20.03 / 07:37

markets UPS Manufacturing Mobile WhatsApp country We will create a Maruti moment with MG: Sajjan Jindal

JSW MG Motor India Pvt Ltd — the newly formed entity owned by Sajjan Jindal owned JSW Group and SAIC's MG Motor India — plans to sell a million units of the new energy vehicles (NEVs) by 2030, said Sajjan Jindal, chairman JSW Group. «With MG we can create a new energy Maruti moment, Jindal said in Mumbai at an event to announce the road ahead for the new entity. »At JSW we will not only produce the EVs with MG, we will address the entire ecosystem," said Jindal.

20.03 / 06:23

markets Target Manufacturing Platform Trade Cycling rowing Eicher Motors shares jump 6% on UBS upgrade

Eicher Motors jumped 6% on Wednesday to hit the day's high of Rs 3,940 after UBS upgraded the stock to 'Buy' from an earlier 'Neutral' rating while raising its price target to Rs 5,000 from Rs 4,300. With today's gains, the rally has extended to two sessions in a row. Over 13 lakh shares were trading on the NSE around 10:15 am with the traded value standing at Rs 531.50 crore. It was also the top Nifty gainer around this time.

20.03 / 01:21

Manufacturing security economy Trade country reports EU-China trade relations are in a 'slow-motion train accident,' business group says

BEIJING — Trade tensions between Europe and Beijing will likely escalate due to China's growing ability to manufacture more cheaply in strategic industries, according to Jens Eskelund, president of the European Union Chamber of Commerce in China.

19.03 / 22:49

markets UPS Manufacturing Courts Investigations International court approval Drugmaker Endo receives US court approval for bankruptcy restructuring

(Reuters) — Bankrupt drugmaker Endo International (OTC:ENDPQ) said on Tuesday a U.S. Bankruptcy Court has approved its restructuring plan and related opioid settlements to emerge from bankruptcy, which began in 2022.

19.03 / 22:35

markets COST Manufacturing Strategy Boeing reports Exclusive-Boeing mulls shedding Airbus work in potential Spirit Aero deal

By Mike Stone, David Carnevali and Allison Lampert

19.03 / 18:03

markets UPS ETF Manufacturing show performer 4 Small Caps That Clocked 30%+ Gains Already and Show No Signs of Stopping

Smaller stocks offer opportunities beyond the big tech companies and the Magnificent 7.

19.03 / 16:37

markets COST UPS Manufacturing Audi country rights India EV policy to encourage local production of premium electric cars: Audi official

Indian government would encourage local production of premium electric cars in the country, a senior Audi AG executive said on Tuesday. Audi AG Vice-President, Sales Overseas, Andre Konsbruck said the Indian government is taking the right steps to accelerate the adoption of EVs in the country. «The government seems to be very committed to sustainability and to the electric future,» he said in an interaction here while referring to the new electric policy. Konsbruck said that India is perhaps the first market where a specific regulation is targeted towards premium cars.

19.03 / 15:37

UPS IPO Booking Manufacturing Food band Chatha Foods IPO: Issue subscribed 1.25 times on day 1, retail & NII portion fully booked, check GMP and other details

Noida-based Interarch Building Products Limited files DRHP with SEBI for IPO The Chatha Foods IPO was subscribed over 1.25 times on the first day of bidding. The SME IPO received 53,26,000 applications against 42,64,000 shares on March 19. The retail category was subscribed 1.40 times, meanwhile, QIB and NII portions were subscribed 0.87 and 1.36 times on the first day of bidding.

19.03 / 15:01

UPS Manufacturing security NVIDIA Research Trade Super Micro shares dip as AI server maker looks to raise $2 billion through equity sale

(Reuters) — Super Micro Computer (NASDAQ:SMCI) disclosed on Tuesday it will sell 2 million shares that could fetch about $2 billion, sending the artificial intelligence (AI) server maker's shares 9% lower in trading before the bell.

19.03 / 14:55

Provident Waters Manufacturing Landmark Action Death President EPA bans asbestos, a deadly carcinogen still in use decades after a partial ban was enacted

The Environmental Protection Agency has announced a comprehensive ban on asbestos, a deadly carcinogen still used in some chlorine bleach, brake pads and other products

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