Manufacturing Financial News

₹1.5 trillion providing the building blocks for the critical semiconductor value chain of design, fabrication, assembly, testing, marking and packaging. Key among these proposals is the partnership between Tata Electronics and Taiwan’s Powerchip Semiconductor Manufacturing Corporation for a ₹91,000-crore fabrication plant with a capacity of 50,000 wafer starts per month. This chip capacity will grant traction at last to India’s long-standing quest for self-sufficiency in semiconductors, or near freedom from reliance on overseas suppliers.

By Kevin Buckland

Also Read: Week Ahead: Macro data, FII activity, global cues among key market triggers as Nifty 50 eyes 22,600 this week The Indian bourses, BSE and National Stock Exchange (NSE), held a special live trading session on Saturday, March 2, to assess the resilience of their disaster recovery systems. On Saturday, the stock market indices ended with marginal gains after hitting record highs during the day. The Sensex gained 60.80 points, or 0.08%, to close at 73,806.15, while the Nifty 50 settled 39.65 points, or 0.18%, higher at 22,378.40.

MUMBAI : Apples, cashews or the weather? You may soon be able to trade on the prices of these and several more on an exchange platform, with the finance ministry expanding the list of commodity derivatives that can be offered on national stock exchanges. The finance ministry has notified 13 new commodities for derivatives trading, including manganese, freight (road, shipping and airways), weather, cement, bitumen, apple, cashew, garlic, skimmed milk powder, white butter, timber, bamboo and palladium.

SMS Pharma The European Directorate for the Quality of Medicines & HealthCare conducted a GMP inspection of the company’s API manufacturing facility in Andhra Pradesh from February 28 to March 1. A report on the same is awaited.

Mint looks deeper into the third quarter performance and the prospects for the next few quarters. After strong growth in the first two quarters of 2023-24 (8.2% in Q1 and 8.1% in Q2), it was expected that the economic expansion will moderate to 6.5% levels in the third quarter. This was because manufacturing, mining and electricity sectors were showing signs of weakness, and an uneven monsoon was hurting agricultural output.

Pakistan on Sunday protested India's «unjustified seizure» of commercial goods destined for Karachi, saying the consignment was a «simple case» of import of a commercial lathe machine by a commercial entity which supplies parts to the automobile industry in this country. The comments by the Foreign Office came after security agencies at Mumbai's Nhava Sheva port intercepted and seized the consignment of a Karachi-bound ship from China after it was found carrying a dual-use consignment with implications for Pakistan's nuclear and ballistic missile programmes. Customs officials, acting on intelligence, halted the Malta-flagged merchant ship — CMA CGM Attila — en route to Karachi on January 23 and, during its inspection, found that the consignment had a Computer Numerical Control (CNC) machine, manufactured by an Italian company, known for its precision and efficiency controlled by a computer system.

Mint. Established in 2018, IG Drones currently can produce 100 drones per year. It also offers solutions in high-precision drone surveying, mapping, and inspection across industries.

Mint in Barcelona, on the sidelines of the Mobile World Congress. The technology provider intends to meet the demand from Indian as well as global carriers from its India plant. The first pilot of the technology for Vodafone Idea is being conducted in Jalandhar, Punjab to test the equipment and functioning of the network such that it meets all the key performance indicators of the existing networks, while in parallel they're scaling up the number of sites to cover the entire state.

Apple office at Minsk Square in Bengaluru, a bunch of developers are teeming with excitement and nervous energy. They are here to meet Greg Joswiak — better known as ‘Jos’ — Apple’s senior vice-president of worldwide marketing. Joswiak chats with four developers — handpicked by Apple — and listens to their stories intently. “There’s a thirst to be successful in India and there’s a lot of passion for our products in India,” Joswiak told ET in an exclusive chat. Joswiak acknowledged the substantial growth of India’s app economy, which currently supports over a million jobs and continues to expand rapidly. He emphasised the immense opportunities available to Indian developers globally, particularly within the iOS ecosystem, where innovations often debut first.

GDP growth print for 3Q contrasts the grim reality of household consumption and income situation. The latest national expenditure survey (2022-23), released after a lag of 11 years shows real consumption grew modestly at 3% over the past 11 years and the PLFS data indicates flat real incomes over the past four years. Also, most consumer companies have shown a lackluster demand situation. What is not surprising is that the persisting discordance has accentuated in the 3Q print and reflects in a) the large contribution of the discrepancy component, b) a sharp rise in net indirect taxes translating into enlarged expenditure GDP, and c) a disproportionate decline in imports relative to the decline in consumption.

In the late 1990s and early 2000s, the U.S. and the global economy experienced a “China shock," a boom in imports of cheap Chinese-made goods that helped keep inflation low but at the cost of local manufacturing jobs. A sequel might be in the making as Beijing doubles down on exports to revive the country’s growth.

Godrej & Boyce is aiming to invest about Rs 40 crore over the next three years to expand its distribution footprint for its consumer brands in the tier-II and tier-III cities. The fresh investments by the company, which sells interior solutions, furniture, appliances and locks, will see its footprint getting doubled to more than 400 towns by FY27, a senior official has said. «G&B plans to spend around Rs 10-15 crore every year on store expansion and renovation for the next three years,» a company spokesperson told PTI. The company is targeting to grow its topline by 15-20 per cent per year, and it hopes for the store expansion to be one among several initiatives to realise its aim, the spokesperson added.

semiconductor chip, that is used within the Bluetooth and Wi-Fi component of your phone, could’ve crossed international borders as many as 70 times before it reached you. And this entire process can take up to 100 days, 12 of which are spent in transit between various supply chain steps. And this is just one tiny component that makes up the lifeline of the digital world. Components are as critical as the final device. But most of the components currently come from countries such as Taiwan, China, South Korea and the US. This is going to change soon, however.

Security agencies at Mumbai's Nhava Sheva port intercepted and seized the consignment of a Karachi-bound ship from China after it was found carrying a dual-use consignment with implications for Pakistan's nuclear and ballistic missile programmes, officials said on Saturday. Customs officials, acting on intelligence, halted the Malta-flagged merchant ship — CMA CGM Attila — en route to Karachi on January 23 and, during its inspection, found that the consignment had a Computer Numerical Control (CNC) machine, manufactured by an Italian company, known for its precision and efficiency controlled by a computer system. A Defence Research and Development Organisation (DRDO) team examined the consignment and confirmed its potential usage in Pakistan's nuclear initiatives, notably in manufacturing crucial components for missile development, the officials said.

Mansukh Mandaviya on Saturday inaugurated 40 new facilities across the country to manufacture bulk drugs and medical devices to enhance self-reliance and reduce dependence on imports for such critical materials and equipment. Speaking at the inauguration ceremony here, Minister for Chemicals and Fertilisers Mansukh Mandaviya said the country has taken a big step towards self-reliance, with the commissioning of 27 new bulk drug facilities and 13 medical device manufacturing plants. The facilities, owned by various companies, were commissioned under the PLI Scheme for bulk drugs and medical devices, respectively.

Ranging from classic and plain styles to modern and contemporary design formats, these dressing tables are sure to add on to the elegance of your bedroom. This list features some of the most coveted products by reputed companies so make sure to read till the end.

Equity markets had a strong start to March, with indices scaling to record highs. In Saturday's trade, shares of Jio Financial, Paytm, Axis Bank, Torrent Power, among others, will be in focus due to various news developments.

Ashwini Vaishnaw, minister for electronics and IT, communications and railways. Vaishnaw told ET that the government will be focused on execution of India’s first semiconductor fab project, by the Tata group, along with two other chip assembly proposals, in record time.

Boeing said Friday that it is in "preliminary discussions" to buy Spirit AeroSystems, which builds fuselages for Boeing 737 Max jetliners, including the one that suffered a door-panel blowout on an Alaska Airlines flight in January. Boeing used to own Spirit, and it said that bringing the manufacturer back into the Boeing fold would improve plane quality and safety, which has come under increasing scrutiny by regulators, Congress and airlines.

(Reuters) — The latest black eye for Boeing's (N:BA) top-selling 737 MAX aircraft occurred in January when a cabin panel blowout forced an Alaska Airlines flight to make an emergency landing.     U.S. regulators briefly grounded certain planes for safety checks, a move less severe than the grounding of all MAX-family jets worldwide nearly five years ago following a pair of fatal crashes.