Manufacturing Financial News

Yogi Adityanath on Monday inaugurated the Adani Ammunition Complex and Missiles Complex in Kanpur, the first leg of the state’s defence corridor. The South Asia’s largest manufacturing complex has been dedicated to the brave warriors of the Balakot strike who carried out 'Operation Bandar' in response to the Pulwama attack that claimed the lives of 40 Central Reserve Police Force (CRPF) soldiers. The two units are being projected as a symbol of India's journey towards self-reliance and technological prowess in the defence sector.

Stocks finished the week higher following the Nvidia-led rally on Thursday.

Also Read: Best renewable energy stock: KP Energy vs Inox Wind The installed electricity generating capacity in the country at present is 417 GW, comprising 179 GW from non-fossil fuel sources, which is about 43% of the total installed electricity generating capacity, according to the Ministry of Power. The country has set an ambitious goal of installing 500 GW of non-fossil fuel capacity by 2030, achieving net-zero emissions by 2070, and meeting 50% of its electricity needs from renewable energy sources by 2030, marking a momentous milestone in the global effort against climate change. Currently, the country holds the 4th position globally for installed renewable energy capacity, including large hydro.

chips race, now has to evaluate $21 billion of semiconductor proposals and divvy up taxpayer support between foreign chipmakers, local champions or some combination of the two. Israel’s Tower Semiconductor Ltd. is proposing a $9 billion plant, while India’s Tata Group has put forward an $8 billion chip fabrication unit, people familiar matter said. Both projects would be in Prime Minister Narendra Modi’s home state of Gujarat, the people said, declining to be named as the matter is not public. Semiconductors have grown into a key geopolitical battleground, with the US, Japan and China investing heavily in developing domestic capabilities. Modi’s push to turn India into a global manufacturing hub also includes luring international chipmakers to the country — a bid to catch up in the sector to save money on expensive imports and enhance a growing smartphone assembly industry.

Indian Navy Chief Admiral R Hari Kumar has declared that the BrahMos supersonic cruise missile will become the primary weapon of the Indian Navy, supplanting older missile systems acquired from other countries. In an interview with ANI, Admiral Kumar stated, «BrahMos will be our primary weapon now as the surface-to-surface missile weapon.» He also indicated that the Indian Air Force and its fighter aircraft might adopt BrahMos as their primary air-to-surface weapon. He praised BrahMos for its evolution in range, capabilities, and lethality, emphasizing that the missile is «a very potent missile.» Admiral Kumar highlighted the advantage of BrahMos being manufactured in India. He noted, «It is made in India, so we are not dependent on anybody else. It can be repaired, and spares are available.» This self-reliance, he added, is a significant advantage for the Indian Navy.

NEW DELHI : Prime Minister Narendra Modi exhorted captains of India’s textiles industry to tap the export potential for their products in Africa and the European Union. This draws significance at a time when India is positioning itself as a global textiles sourcing destination by focusing on quality and sustainable manufacturing of apparel. In the first 10 months of the current fiscal year, India exported $27.69 billion worth textile products across the globe.

Exicom Tele-Systems will open for subscription on Tuesday. The issue closes on February 29. Through the public offer, the company plans to raise around Rs 429 crore. Here are 10 things to know about Exicom Tele-Systems IPO before subscribing to the issue.

Alkem Laboratories nosedived more than 13% on Monday, witnessing their biggest single-day fall in at least three years, following reports of a large-scale tax evasion by the drug major. According to reports, Alkem Labs allegedly claimed over Rs 1,000 crore in bogus deductions.

Indian stock market today: Despite weak trends in the Indian stock market today, Gensol Engineering share price has managed to find buyers' interest in the early morning session on Monday. Gensol Engineering share price today opened higher at ₹1,247.60 apiece on NSE and went on to touch an intraday high of ₹1264 per share level, logging an intraday rise of around 4 percent within few minutes of the opening bell.

Also Read: Stocks to buy: Maruti Suzuki, M&M, TVS Motor among top picks in auto sector by HDFC Securities “Our overall stance remains biased towards Manufacturing, and we keep our Underweight call on Financials intact for now. We are staying with most of our winners – Zomato/ Delhivery/ Motherson Sumi, as we still see an upside from current levels.

long-term perspective, presents considerable challenges for many retail investors. The landscape of investment is ever-evolving, posing unique hurdles along the way. Despite these obstacles, Indian retail investors have navigated the terrain with confidence since the market downturn in 2020.

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The February 24 meeting between Indian business tycoon Gautam Adani and Uber's CEO Dara Khosrowshahi hosted a part of discussions for a strategic partnership between the two majors for rolling out the Adani group's electric passenger vehicles on the ride hailing platform. The collaboration aims to increase the conglomerate's super app Adani One's traction. Adani One, launched in 2022, provides a range of services, including booking flights, vacation packages, airport services, and may further help with taxi bookings with Uber integration.

₹6,000 crore in the paints division, intent on making its mark in the market. The company has set up three major production facilities in Panipat (Haryana), Ludhiana (Punjab), and Cheyyar (Tamil Nadu), expected to be operational by March 2024. Plans include three additional plants in Chamarajanagar (Karnataka), Mahad (Maharashtra), and Kharagpur (West Bengal), aiming for all six to be functional by fiscal year 2025 (FY25).

₹232 crores from Power Grid Corporation of India Ltd on Saturday. Transformers and Rectifiers share price today opened at an intraday low of ₹345 and touched an intraday high of ₹358.65 apiece.

investors need to know about the public offer before subscribing to the issue.

Tata Motors, Mahindra & Mahindra and Ola Electric—have already cleared the eligibility criteria for the incentives for multiple products, the certifications for auto parts makers were significantly delayed given a complex process involving auditor certifications for domestic value addition (DVA) at the component makers’ tier-II and tier-III vendors. With the advanced auto parts makers receiving certification confirming they meet the stringent 50% DVA criteria laid down under the scheme, the decks have now been cleared for the government’s move to finally start disbursements under the scheme, which it has said will begin in fiscal year 2025.

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By Jamie McGeever