Manufacturing Financial News

made-in-India’ chip from the Micron plant is expected in December 2024. This is significant, as chip shortages during the global pandemic lockdowns heightened realisation of India’s dependency on international supply chains. While the start seems promising, the odds appear to be stacked against India, for now at least.

Jeevan Ghorpode, Nashik, Maharashtra Before we understand what logistics mutual funds are, it is important to understand sectoral/thematic mutual funds since logistics mutual funds are a subcategory of sectoral/thematic mutual funds. Thematic/sectoral funds invest in stocks tied to a specific theme or a sector. These funds invest in companies and sectors united by a common idea or concept.

₹189.50 crore KP Green Engineering IPO has been oversubscribed heavily led by retail investors. KP Green IPO is an SME IPO that opened for bidding on March 15 and will close on March 19. Today is the second day of bidding for KP Green Engineering IPO.

Sandip Sabharwal, asksandipsabharwal.com, says “it is important for the froth to go out because there was too much speculation happening in too many segments and although optically the index has hardly fallen, when we talk of the correction on the largecap side the index, there is hardly any fall – 2% off the top. But the real pain has been on the smallcaps and to some extent on midcaps. I would think that valuations in that segment are still somewhat higher. I do not think the entire correction should be over as of now.” Sabharwal further says he is still sitting on 12-15% cash, waiting to see where the entire dust settles because «we have had a correction but there could be some more way to go.» Are we in for a pre-election rally? History tells us that markets in the run-up to the election have rallied. Will 2024 be different? Sandip Sabharwal: It could be different because we have already had a decent size run-up, so if you look at it, one month prior to election is one thing but starting right from October till now, the markets have had a sharp run-up and globally also markets are looking a bit jittery with inflation being sticky and there have been possibilities of a global correction.

electric two-wheelers (e2W) and three-wheelers (e3W) across the country. The scheme has been allocated a budget of ₹5 billion and is set to replace the FAME-2 scheme, which expires on 31 March 2024. It will operate from April to July 2024, with the possibility of being replaced or extended thereafter.

HANOI (Reuters) — The founder of Vietnamese electric vehicle maker VinFast (NASDAQ:VFS) on Monday launched an EV charging stations company, V-Green, which he said would prioritise supporting VinFast vehicles globally.

Jefferies has released a list of 11 stocks that it believes can deliver 15-25% CAGR over the next five years. Stocks with the highest upside include Macrotech, Axis Bank, Max Healthcare and Amber.

BEIJING —  China's economic data for the first two months of the year beat analysts' expectations on Monday.

Investing.com-- Chinese industrial production grew more than expected in the first two months of 2024, as manufacturing output continued to benefit from supportive policies and monetary stimulus from the government.

₹11.1 trillion for FY25 in the interim budget in February. Virmani said expectations of growth beating estimates this year was really the capital expenditure multiplier of the budget working through the system, which will continue over the years and get better. Building infrastructure is helping not just the GDP growth, but has also added more employment for construction workers, he said.

By Sam Nussey, Fanny Potkin and Miho Uranaka

India to geopolitical challenges, cultural adjustments, and the need for businesses to invest in domestic supply chains to counter China, said external affairs minister S Jaishankar, Reformer of the Year, covering a broad range of subjects during a conversation at the ET Awards. Edited excerpts:

Thiruvananthapuram: Ahead of Lok Sabha elections in the country Union Minister and BJP leader Rajeev Chandrasekhar on Sunday said that he is meeting people from all sections of the society, adding to which, he said, «I consider it my duty to meet and hear them.» He further highlighted, «It is also my intention to present to them, how Bharatiya Janta Party (BJP) and Modi govt can change the trajectory of Thiruvananthapuram, from nothing happening in the last 10 years to making Thiruvananthapuram a place where technology, tourism, electronics, manufacturing, research and science that Anandapuri deserves.» He stated that the BJP and I as a candidate will consider people's desire for change, development and progress and will work to deliver that.

₹7.5 lakh per drone, it is an investment of ₹1.5 crore. A chunk of this capital investment was financed through the Agriculture Infrastructure Fund set up by the union government, which provides loans at concessional rates of 6% per year. A year of awareness campaigns and demonstrations seem to have paid off.

Indian stock market remains attractive, say experts, suggest stocks to buy for long term Recently Fitch Ratings has raised its forecast for India's economic growth to 7 per cent for the next financial year (FY25). The ratings agency underscored that India witnessed a GDP growth of more than 8 per cent for three consecutive quarters and the growth growth momentum may slightly moderate in the final quarter of the current fiscal year due to which, India's growth could come at about 7.8 per cent for FY24.

Lok Sabha elections is a mammoth exercise that entails the biggest peacetime movement of men and material in the world through waterways, air and land across India to ensure no voter is left behind. The Election Commission, mandated to hold the gigantic democratic exercise starts preparing for the polls at least one-and-a-half years in advance by training officials, poll personnel and ramping up the supply of required EVMs and indelible ink, besides other equipment. The elections for the 18th Lok Sabha will begin on April 19 followed by subsequent phases on April 26, May 7, May 13, May 20, May 25 and June 1. Nearly 97 crore registered voters across 543 constituencies will cast their ballot at 10.5 lakh polling stations.

Mother Dairy will invest Rs 650 crore to set up two new plants for processing of milk as well as fruits and vegetables to expand its business amid rising consumer demand. Mother Dairy, which is a leading milk supplier in Delhi-NCR, will also invest another Rs 100 crore to expand capacities of its existing plants. «In our endeavour to expand our distribution and reach to our consumers, we have earmarked a capital expenditure (capex) outlay of over Rs 750 crore to enhance our dairy and F&V (fruits and vegetables) processing capacities across key locations,» Mother Dairy Fruits and Vegetables Pvt Ltd MD Manish Bandlish told PTI. Mother Dairy is coming up with a big dairy plant in Nagpur, Maharashtra with an investment of around Rs 525 crore, he said.

geopolitical risk globally which is leading to higher defense budgets b) Indian government policy of “AtmaNirbhar” or depending on self for ones’ requirement and hence domestic manufacturers getting a higher market share in the Country’s capex spent c) The companies now have strong longer term Order books, a good return ratios and promising profit outlook. How has India fared against its global peers? The equity markets world over have been very strong and polarized with the best performing market being Nikkei (Japan) up 16% in just ~75 days in 2024 and MSCI China down 2% a huge differential of 18% for the investor. The Indian market despite being expensive on a relative market seems to be going from strength to strength, with MSCI India up 6%, in line with MSCI World. The mid and smaller cap indices have started showing clinks in their armor, especially small cap which is flat CYTD underperforming the broader indices. This could be largely due to the stupendous performance of 54% in the last year for small cap and 6-0% for midcaps and profit booking.

Mayur Patel, Fund Manager, 360 ONE Asset, says “if somebody is willing to take a slightly long-term view, then the equity market outlook seems positive despite premium valuations. In the short term, the risk has gone up manifold in the small and midcap space and that is where we do see material downside in the short to medium term.” After the last two-three very good years, now the market is giving some kind of reality check to the investors which were spoilt by very handsome returns, in largecaps, midcaps and smallcap. Now things are looking slightly shaky for a variety of factors. Are your conversations capturing all of that? Mayur Patel: The equity market performance is never linear and predicting short-term performance is a futile exercise. So, instead we assess the risk-reward by evaluating the price-to-book valuation of the market vis-a-vis fundamental factors.

energy tech startup, chargeMOD, has announced its expansion plans and said it will deploy 1,200 more EV chargers across India and 600 more in Kerala. The company, in an announcement made earlier this week, said it was planning to set up an additional 1,000 slow chargers and 200 fast chargers across various states in India and to establish an additional 500 slow chargers and 100 fast chargers in Kerala. It said this was excluding the existing 1,500 charging stations in Kerala and 2,000 stations across India.

Narendra Modi on Saturday talked about “breaking the social psyche" of people who wonder if women drive tractors in villages, saying daughters can operate drones too. Addressing the India Today Conclave here, PM Modi asserted that he distributed agricultural drones to 1,000 drones to women's self-help groups in villages under the Namo Drone Didi Yojana, aiming to empower them technologically and economically. “People are still surprised when daughters operate tractors in villages.