Manufacturing Financial News

20.02 / 17:43

markets Provident Manufacturing CEO Food Research stage The onion peel that promises a sugar high

₹5 lakh and prize money of ₹75,000 have been provided to the firm, the second person cited above said. As per the plan, the startup will manufacture the product and make it available at government fair price shops like Kendriya Bhandar stores. The product will also be available in retail stores under the nutraceutical category, the persons cited above said.

20.02 / 17:43

UPS Citi Provident Manufacturing Mobile country Scrapping your old car may fetch more soon

₹10,000 crore and create 35,000 jobs, something that failed to materialize as owners chose to continue to sell old vehicles in rural areas instead. “The reason for the failure of this scheme is lack of incentives," said a government official, one of the two people cited above. "So, the plan is that both the government and automobile manufacturers offer incentives to the consumers—government incentives may come in the form of taxes, and auto manufacturers incentive could come in the form of discounts on the price of the vehicle," the official added.

20.02 / 17:43

markets FIVE Manufacturing Volkswagen Strategy Inside International JSW Group eyes multiple global auto OEM alliances

Tata Motors faltered due to what insiders describe as Volkswagen’s “slow pace" and a reluctance to relinquish operational control, leading to a loss of interest from the Indian players. The company’s India operations are helmed by the Skoda brand in the Skoda Auto Volkswagen India Group, which will soon announce the next phase of its India strategy. “India’s automotive landscape is characterized by a dominance of the top five OEMs, with a highly fragmented tail end of the market.

20.02 / 15:41

Manufacturing Analysis Boeing Trade show Interviews How Nikki Haley—With Help—Made South Carolina an Economic ‘Beast of the Southeast’

Nikki Haley mentions the “Beast of the Southeast" at virtually every campaign stop in her underdog effort to try to stop Donald Trump from winning the Republican presidential nomination. The phrase, which an industry trade publication used in 2013 to describe South Carolina’s robust economic development during her governorship, is a badge of honor for Haley as she explains how her state’s unemployment dropped from 10.8% to 4.4% under her watch. “By the time I left, we were building planes with Boeing, we were building more BMWs than any place in the world, we brought in Mercedes-Benz, we brought in Volvo," she said at a recent appearance ahead of the state’s Saturday GOP primary.

20.02 / 14:53

markets UPS Manufacturing Assurant Food DISH trends Best rice in India- Here are the Top 10 picks just for you

In this article, we present you with a wide range of brands of rice that promise you not just quality but different flavors you can delight in guilt free.

20.02 / 14:53

Manufacturing WhatsApp performer information NCLT allows Tata Steel to withdraw merger with TRF

NCLT has approved Tata Steel's proposal to withdraw merger with TRF Ltd, according to an exchange filing. On February 7, Tata Steel had said that its board has decided not to pursue the amalgamation of TRF Ltd, as the associate company is witnessing a turnaround in its business performance. «We would like to inform that the National Company Law Tribunal, Mumbai Bench (NCLT), vide its order dated February 8, 2024, has allowed the withdrawal of the scheme,» the steel major said in the filing. Tata Steel had earlier announced the amalgamation of nine of its strategic businesses, including Tata Steel Long Products, Tinplate Company of India, Tata Metaliks, TRF, The Indian Steel & Wire Products, Tata Steel Mining Ltd, S & T Mining Company.

20.02 / 14:27

Citi Cooper Manufacturing CEO Research War Ukraine, German manufacturer cooperate on air defence systems

(Reuters) — Ukraine's state arms producer has entered into cooperation with Germany's MBDA Deutschland, part of a missiles joint venture owned by Airbus, BAE Systems (LON:BAES) and Leonardo.

20.02 / 12:37

markets Manufacturing Strategy economy WhatsApp country Focus on exports to achieve 10% growth: 16th Finance Commission chairman Arvind Panagariya

exports to achieve a 10% growth rate for the economy, said Arvind Panagariya, chairman of the Sixteenth Finance Commission. “I’ve looked at successful countries such as Hong Kong, Singapore, Taiwan, South Korea, China, and India – these are the six high-growth examples. My conclusion is very clear – countries that have been open are the ones that have grown rapidly,” Panagariya said. The former vice chairman of Niti Aayog further highlighted that the country needed to follow China’s strategy to increase its per-capita income and wean away from idea of import substitution.

20.02 / 12:37

markets COST UPS Manufacturing country Mass production of LCD displays can start in India in 18-24 months: Innolux

Vedanta and Taiwan-based Innolux can begin mass production of LCD displays in India in 18-24 months after receiving government approval, a senior official of Innolux said. Vedanta has formed a joint venture with Innolux as a technology partner to set up a display screen manufacturing unit at an estimated cost of USD 3-4 billion in the country. The JV has submitted the proposal with the Ministry of Electronics and IT (Meity) under the programme for semiconductor and display fab ecosystem for incentives. Innolux President and COO, James Yang, who has an experience of project rollout, told PTI in an interview that the JV can begin the first phase of mass production of LCD displays within 24 months.

20.02 / 10:21

markets IPO Booking Manufacturing Diversity performer recommendations Vibhor Steel Tubes share price nearly triples on listing day. Should you book profits?

Vibhor Steel Tubes made a stunning debut on the exchanges at a premium of 180%, surpassing the already high expectations of market participants. This stellar performance was fuelled by the company's strong fundamentals and an overwhelming investor response to the IPO, which was subscribed over 300 times.

20.02 / 09:47

markets UPS IPO Booking Manufacturing Trade Pharmaceuticals Zenith Drugs IPO subscribed 2.12 times on Day 2. Check GMP and other details

The category reserved for retail investors was subscribed 6 times, while that for NIIs was booked 80%.

20.02 / 09:11

Manufacturing Gap Sustainability Experts innovations information rowing Mukul Agrawal's portfolio stock Gensol Engineering hits 52-week high on third day in a row

Mukul Agrawal portfolio: Gensol Engineering share price has been on an uptrend since the early morning session. Gensol Engineering share price today had a gap up opening at ₹1290 apiece on NSE. After an upside opening, the engineering stock went on to touch an intraday high of ₹1,376 apiece, which tuned out its new 52-week high.

20.02 / 07:57

markets FIVE Manufacturing security Experts information stake FII raises stake in this multibagger defence stock. Details here

Apollo Micro Systems Ltd are one of the multibagger stocks that the Indian stock market has delivered in recent years. However, it seems that foreign institutional investors (FIIs) still see some upside in this defence share. As per the shareholding pattern of Apollo Micro Systems Ltd for the recently ended December 2023 quarter, FIIs are owning 11.01 percent stake in this multibagger defence stock.

20.02 / 04:33

markets UPS IPO Manufacturing Diversity track Vibhor Steel Tubes stock lists with 179% premium over IPO price

premium of 178.8% on the exchanges on Tuesday. The stock debuted at Rs 421 as against an issue price of Rs 151 on BSE. Meanwhile, the stock debuted at Rs 425, up 181.5% on NSE. Ahead of the debut, the company's shares had a GMP of Rs 140 in the unlisted market.

20.02 / 03:01

UPS BLOCK Manufacturing Airlines Sustainability Whirlpool Courts Stocks to Watch: JSW Steel, Whirlpool, SpiceJet, Coal India, Titagarh Rail Systems

JSW Steel: The steelmaker is in talks to pick up a 20% stake in Australia’s Blackwater coal mine from Whitehaven Coal for around $1 billion, said two people aware of the discussions. The companies are yet to decide on the final valuation.

20.02 / 01:07

markets COST Provident Manufacturing Mobile economy trends Bosch to boost R&D, local electric two-wheelers components

NEW DELHI : Bosch Ltd is looking to boost investments in R&D and increasing local production of components such as hub motors used in electric two-wheelers (e2w), a top company official said, as adoption of green mobility widens in the world’s fifth-largest economy. The local arm of Germany’s Bosch GmbH also aims to expand its research and development efforts for passenger car electrification in India. “We are looking at continued investments in the passenger car segment.

19.02 / 20:43

UPS BLOCK Aware Manufacturing show prevention Acre puts Nagarjuna Fertilizers up for sale at double buy price

debt aggregator Acre Asset Reconstruction Company (ARC) has put Nagarjuna Fertilizers and Chemicals on the block less than a year after taking over the ₹3,858 crore debt of the company. Acre is seeking ₹1,600 crore from bidders — double the ₹811 crore it paid to a seven-bank consortium in March last year, documents accessed by ET showed. The bidding will begin later this week. In a sale notice, Acre ARC said that it plans to sell Nagarjuna as a composite asset including the Kakinada urea plant and three other units. That will include movable fixed assets, plant and machinery and other accessories of the company.

19.02 / 20:27

Target Progressive Manufacturing Strategy Sustainability Election How important are consistent governmental policies in promoting economic growth?

As we welcome the year 2024, it’s important to recognise its unique significance in the global political landscape. This year marks a pivotal moment, as 50 nations, including key players like the United States, United Kingdom, Russia, South Africa, and India, embark on the critical process of electing new governments. The democratic exercise of elections not only embodies the foundational principles of democracy but also exerts a profound influence on the corporate sector. The stability and predictability offered by consistent governmental policies are indispensable for fostering long-term economic growth.

19.02 / 19:29

UPS Provident Manufacturing Airlines Bill cover Courts 'No more extensions, SpiceJet must pay Credit Suisse'

₹10,000 crore, and an expected compensation from engine manufacturer Pratt & Whitney for faulty engines. The legal dispute with Credit Suisse traces back to November 2011 when SpiceJet, then under the ownership of Kalanithi Maran, entered into a 10-year aircraft servicing agreement with SR Technics, a Swiss company providing maintenance, repair and overhaul services for aircraft.

19.02 / 17:15

Reuters Manufacturing Action Nikkei reports testing prevention Toyota Industries faces crackdown for engine emissions cheating - Nikkei

(Reuters) — Japan's transport ministry is preparing action against one of Toyota Motor (NYSE:TM) Corp's largest units for cheating engine emissions tests, including possibly withdrawing certification for some engine types, news agency Nikkei reported on Monday.

19.02 / 16:39

markets IPO Booking Manufacturing Trade band medicines Zenith Drugs IPO Day 1: Check subscription status, GMP and other details

₹40.68 crore from anchor investors from six anchor investors on February 16, by allocating 12,88,000 shares at ₹69 per share. Zenith Drugs Limited specialises in manufacturing and trading high-quality, affordable medicines, including generic drugs. Also read: Purv Flexipack IPO: Price band, issue size, GMP, key details to know Zenith Drugs Limited's revenue increased by 24.85 percent and profit after tax (PAT) rose by 64.7% between the financial year ending with March 31, 2023.

Manufacturing Financial News

popular questions about Manufacturing

What is Manufacturing and why is it relevant?

Where can I find the latest updates on Manufacturing?

How can I verify the accuracy of information on Manufacturing?