Manufacturing Financial News

14.03 / 01:21

markets UPS FIVE Manufacturing awards Trade Stocks in news: ITC, Vedanta, Tata Motors, Cyient, Gopal Snacks, Droneacharya Aerial

ITC, Vedanta, Tata Motors, Cyient, Gopal Snacks, Droneacharya Aerial among others will be in focus due to various news developments. ITC

13.03 / 20:41

Aviat Manufacturing Airlines Boeing President Experts reports audit Boeing promises changes after getting poor grades in a government audit of manufacturing quality

Boeing received bad grades in a government audit of manufacturing quality, and the company says it's making changes to address the situation

13.03 / 20:11

COST UPS Manufacturing community country Department Yellen says Biden tax credits boost clean energy investment in coal country

By David Lawder

13.03 / 18:07

markets UPS Manufacturing Trade pop rights Success in solar energy may be a curse for Chinese panel manufacturers

Ever since photovoltaic cells started popping up on pocket calculators and building roofs a few decades ago, solar power has faced a key drawback: It’s a nice technology, but there’s simply not enough of it to make a difference. Right now, it’s facing the opposite difficulty. A tidal wave of investment in solar-power panels has swelled to the point that it threatens to overwhelm the global industry.

13.03 / 17:07

Manufacturing Micron country electronic information Schools Profiles NOT Day not far when India becomes global semiconductor hub: PM Modi

semiconductor hub and will also raise the country’s profile in the global semiconductor value chain,” Prime Minister Narendra Modi on Wednesday said. Modi on Wednesday laid the foundation stone for India’s first pure-play commercial semiconductor chip manufacturing foundry by the Tata Group at Dholera in Gujarat.

13.03 / 16:39

UPS Manufacturing country electronic innovations testing Chip plants to make India a hub, foster innovation: PM Modi

NEW DELHI : Prime Minister Narendra Modi laid the foundation stone for three semiconductor projects worth about ₹1.25 trillion on Wednesday, saying chip manufacturing will take India towards self-reliance and modernity. “India is set to become a prominent semiconductor manufacturing hub. The three facilities will drive economic growth and foster innovation," he said in a virtual address during the foundation ceremony.

13.03 / 15:27

Provident FIVE Manufacturing cover reports Centre launches ₹500 crore scheme to promote EV sales till July

₹500 crore. This comes just before the ₹10,000 crore Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles (FAME) II scheme ends on 31 March. Under this new scheme, incentives worth ₹333.39 crore have been set aside for electric two-wheelers.

13.03 / 14:48

markets COST Citi Manufacturing President Diversity Tile makers see meagre gains from recent gas price cuts

MUMBAI : Tile manufacturers have warned that the recent gas price cuts by city gas distribution (CGD) companies like Mahanagar Gas Ltd, Indraprastha Gas Ltd and Gujarat Gas Ltd are unlikely to result into significant margin gains for them. Gas accounts for a significant portion of the overall expenses for tile makers. So, lower gas prices should be a reprieve for tile manufacturers such as Kajaria Ceramics and Somany Ceramics, which use it to fuel their kilns.

13.03 / 14:47

markets UPS Progressive Manufacturing economy Trade Mint Primer: Why India must trade up to be a $30 tn economy

Mint looks at the significance of free trade agreements for India going forward. Unlike a possible deal with the European Union (EU) or the US, India’s largest trading partners, the India-EFTA deal is unlikely to boost bilateral trade by much. In the January-December 2023 period, India’s exports to EFTA, which comprises Iceland, Norway, Liechtenstein and Switzerland, was just $1.87 billion.

13.03 / 13:41

Digital Manufacturing pandemic electronic testing International India’s first semiconductor fab to begin production in 2026

NEW DELHI : Tata Group aims to begin commercial production from India’s first semiconductor fabrication unit by 2026, an aggressive timeline considering the country’s long wait to become self-reliant in chips that power technology ranging from smartphones to defence systems. Tata Electronics Pvt. Ltd’s plant in Assam will begin with producing semiconductor chips starting at 28 nanometres, said N.

13.03 / 13:03

FIVE Manufacturing CEO Dreams Southern information Department Tata Motors signs MoU with Tamil Nadu govt for manufacturing plant; to invest Rs 9,000 crore over 5 years

Tata Motors and the Tamil Nadu Government have signed a Memorandum of Understanding (MoU) to build a vehicle manufacturing facility with an investment of Rs 9,000 crore over the next five years, the company said in an exchange filing on Wednesday. The agreement further bolsters employment generation in the state with a dedicated 5,000 jobs. The announcement comes after Vietnamese electric vehicle maker VinFast commenced building a factory in the southern state, marking the second automobile manufacturing investment within a span of just 2 months.

13.03 / 13:03

markets UPS Manufacturing wellness reports Schools Battery recycling firm Lohum raises $54 million in funding

Lohum has raised Rs 450 crore ($54 million) in a primary funding round. Mumbai-based Singularity Growth Fund, which counts CaratLane founder Mithun Sacheti among its backers, led the round in which investors like Baring Private Equity, Cactus Venture Partners and Venture East also participated.

13.03 / 12:25

Provident Manufacturing WhatsApp country cover Heavy industries ministry announces Rs 500 cr scheme to promote e-mobility

heavy industries ministry on Wednesday announced a new scheme to promote e-mobility in the country with an outlay of Rs 500 crore for four months beginning April 2024. The new scheme is for 2-wheelers and 3-wheelers. The second phase of FAME-II or Faster Adoption and Manufacturing of Electric Vehicles in India programme ends on March 31, 2024. Announcing E-Mobility Promotion Scheme 2024 (EMPS 2024), Heavy Industries Minister Mahendra Nath Pandey said the Modi government is committed to promoting e-mobility in the country.

13.03 / 12:14

markets IPO Target Manufacturing Strategy Enterprise Diversity Rungta Greentech files IPO papers with NSE Emerge

IPO). NSE Emerge is a separate bourse of the National Stock Exchange targeted at small and medium enterprises only to tap the capital market. The RGL said the IPO will consist of a fresh issue of 38 lakh equity shares, each with a face value of Rs 10.

13.03 / 11:41

UPS Manufacturing security Strategy Camden War To build more missiles, the US looks to an ally 10,000 miles away

ORCHARD HILLS, Australia—At an Australian military base here on the outskirts of Sydney, an unassuming shed-like structure known as Building 215 is set to play an important role in Washington’s strategy for confronting rivals such as China and Russia. Inside, officials plan to establish the first factory outside the U.S. to help make a type of missile that’s been pivotal in the Ukraine war: Lockheed Martin’s Guided Multiple Launch Rocket System, or GMLRS.

13.03 / 10:55

markets Provident Career Manufacturing trends students testing Envisioning a career in manufacturing? Check out this quick guide

manufacturing has lately become a massive contributor to the country’s economic development. The government has implemented numerous initiatives in the sector, and it is set to generate plenty of employment opportunities. This is probably why this sector is today registering a high demand for skilled individuals across various industries such as automobiles, food and beverages, electronics and textiles. There is a promise of attractive compensation packages. However, just like every other industry, it’s important for individuals to first know the in-demand roles, skills, hiring trends, freelance opportunities, and other details in order to build a successful career and thrive in this sector.

13.03 / 07:35

markets Manufacturing economy Matrix electronic reports India's $10-trillion economy goal to be led by manufacturing push

BENGALURU : India's aim to grow into a $10-trillion economy over the next decade will be fuelled by manufacturing in sunrise sectors such as semiconductors, electronics manufacturing, electric vehicles ecosystem, renewable energy and defence, according to a report by Boston Consulting Group and Matrix Partners. The report estimates that the market for electronics is about $500 billion while semiconductors will become a $120-billion market by 2030.

13.03 / 07:35

UPS Manufacturing Micron country electronic testing Dholera, Sanand semiconductor plants to start chip production by late 2024, 2026: Ashwini Vaishnaw

Vedanta-Foxconn joint venture, is expected to have an investment of around $20 billion. In a significant boost to India's efforts to establish a robust semiconductor ecosystem, Prime Minister Narendra Modi on Wednesday laid the foundation stones for three new chip manufacturing plants, two in Gujarat and one in Assam. The event, titled 'India's Techade: Chips for Viksit Bharat,' marked a milestone in the country's endeavour to ramp up its semiconductor industry.

13.03 / 05:47

Manufacturing Platform students country social electronic testing PM Modi lays foundation stone of India's first commercial semiconductor fabrication facility

Modi laid the foundation stone of the chip fabrication unit of Tata-Powerchip Semiconductor Manufacturing Corp at Dholera on March 13. He also inauguated the CG Power-Renesas outsourced assembly and test (OSAT) facility at Sanand (Gujarat) and the Tata OSAT unit at Morigaon (Assam). All three units were inaugurated virtually. On the occasion, the Prime Minister also addressed the youth across the country on the occasion. This is a historic day for India, the PM said, calling it a significant achievement and a first step towards a brighter future. The three projects had received Cabinet nod on February 29 this year.

13.03 / 05:45

Manufacturing Sustainability trends country reports Features Relationships Toyota agrees to biggest wage hike in 25 years in sign of Japan Inc's hefty pay bump

By Tetsushi Kajimoto and Anton Bridge

13.03 / 02:07

Manufacturing students country electronic testing Videos Updates PM Modi schedule today: From Techade address to foundation stone of 3 semiconductor projects | 10 points to know

semiconductor projects worth ₹1.25 lakh crore via video conferencing today, Wednesday. He will also address the youth across the country on the occasion. Here are top 10 updates on PM Modi's scheduled events today, 1) In an official statement, the Prime Minister's Office (PMO) said Modi will lay the foundation for semiconductor projects in the Dholera Special Investment Region, Sanand in Gujarat, and Morigaon in Assam.

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