Manufacturing Financial News

Cost-effectiveness: A manufacturing plant situated near to the sources of raw materials, e.g. coal mine or limestone mine, has a cost advantage. If the mine is captive or on exclusive lease, it is difficult for competition to set up a plant with similar cost advantage.

WASHINGTON (Reuters) -The Federal Aviation Administration's top official said on Thursday he will discuss Boeing (NYSE:BA)'s quality control and manufacturing practices at a Washington meeting with company executives, after a panel blew out of a 737 MAX plane in flight in January.

“(PLI scheme for) drones is a small scheme. The companies were happy with the way the scheme is being implemented. Their only ask was to expand the scheme. The industry is looking for a second opportunity for more players to apply and to increase the outlay. In this sector, almost all the beneficiaries are startups and micro, small and medium enterprises,” Pawan Goenka, the chairperson of the Steering Committee for Advancing Local value-add and Exports (SCALE), has told ET. The annual sales turnover of the Indian drone manufacturing industry may grow from approximately Rs 60 crore in 2020-21 to approximately Rs 900 crore by 2024-25, said Minister of State of Civil Aviation Gen. VK Singh (Retd.).

(Reuters) — Futures for Canada's main stock index gained on Thursday, tracking higher prices of base and precious metals, while investors awaited domestic and U.S. economic data for any signs that could influence the central banks' interest rates policy.

rupee consolidated in a narrow range and depreciated by 2 paise to close at 83.04 (provisional) against the US dollar on Thursday, tracking a strong American currency and elevated crude oil prices in the international market. Forex traders said the Indian currency depreciated as foreign fund outflows weighed on the rupee. However, positive domestic markets cushioned the downside. At the interbank foreign exchange market, the local unit opened at 83.00 and finally settled at 83.04 (provisional) against the dollar, down by 2 paise from its previous close.

Investing.com -- U.S. stock futures inch higher, pointing to a continued recovery on Wall Street from a decline posted earlier this week. Cisco Systems (NASDAQ:CSCO) lowers its annual guidance and outlines plans to slash headcount, as executives at the network equipment manufacturer warn of weak future demand. Elsewhere, Warren Buffett's Berkshire Hathaway (NYSE:BRKa) cuts its stake in tech giant Apple (NASDAQ:AAPL).

By Chris Gallagher and Akiko Okamoto

technology, business and entrepreneurship with the creative arts as part of its curriculum for future-ready design professionals, the institute said. BITS Pilani on Thursday announced a foray into design education with the launch of BITS Design School in Mumbai. The school will combine technology, business and entrepreneurship with the creative arts as part of its curriculum for future-ready design professionals, the institute said in a statement.

Kerala-based startups witness 40% surge in seed-stage funding in 2023: Report Tamil Nadu startups also saw a crunch in funding, with an 85% plunge last year. Tamil Nadu-based tech startups secured a total funding of $255 million in 2023 as against $1.7 billion raised in 2022. Karnataka's tech startups attracted late-stage investments worth $2.3 billion in 2023, a 74% decline compared with $8.9 billion in 2022.

BRUSSELS—With a war raging nearby and the threat that a second Trump administration could pull the U.S. out of NATO, Europe has ratcheted up military spending. Arms manufacturers are working around-the clock, and new factories are going up to meet demand.

IPO) of Atmatsco opened for subscription on Thursday, February 15 and will close on February 20, Tuesday. The issue is at a fixed price of Rs 77 per equity share. The equity shares will be listed on the NSE Emerge platform.

HPL Electric & Power, a leading electrical equipment manufacturer in India, saw its shares lock in a 10% upper circuit limit at ₹345.05 apiece in today's trade after the company posted a robust set of numbers for the December-ending quarter. On Wednesday, the company reported an 87.14% YoY growth in its consolidated net profit, reaching ₹11.95 crore. It registered a robust performance YoY, with revenue growth of 21.22% in Q3 FY24 to ₹366 crore as compared to ₹302 crore in Q3 FY23.

Taiwan's stock index hit a record high Thursday, fuelled by a surge in tech titan TSMC after it reported strong sales that lifted optimism for the sector and demand for chips used for artificial intelligence. The Taiex jumped as much as 3.5 percent at the opening, surpassing a January 2022 peak, as traders returned from their Lunar New Year holiday.

economy, Japan slipped below Germany last year to fourth place, official data showed Thursday, although India is projected to leapfrog both later this decade. Despite growing 1.9 percent, Japan's nominal 2023 gross domestic product in dollar terms was $4.2 trillion, government data showed, compared with $4.5 trillion for Germany, according to figures released there last month.

Poland’s National Security Bureau says the country's president has met the CEO of U.S. manufacturer Lockheed Martin about strengthening security in the region and continued U.S. investment in Poland’s military weapons and equipment

The index of industrial production (IIP) has in recent years been coming under increasing criticism for not being relevant for contemporary users. A recent op-ed in Mint (‘India’s IIP is losing its relevance as a lead indicator of economic growth’)(bit.ly/42D5YvE) is a good example. These criticisms are valid, and to better understand the disaffection, it is useful to review the manner in which the series is constructed.

Inflation has pulled back significantly from its pandemic-era peak. In fact, some categories have fallen into outright deflation, meaning consumers are seeing their prices decline instead of rise.

MS Dhoni, the iconic figure in Indian cricket, has sparked considerable interest with his latest bat sticker as the IPL 2024 approaches. As captain of the Chennai Super Kings, Dhoni appears to be gearing up for what could potentially be his final hurrah in cricket. Displaying the 'Prime Sports' logo on his bat serves as Dhoni's gesture of appreciation, reflecting his gratitude and affection for those who have supported him throughout his illustrious career. The owner of Prime Sports, Paramjit Singh, lauded Dhoni's action, describing it as a testament to their strong friendship. This act of appreciation transcended geographical boundaries, gaining recognition even from cricketing legends like Michael Hussey and Adam Gilchrist in Australia. Nevertheless, Prime Sports isn't the sole beneficiary of Dhoni's heartfelt gestures. Somi Kohli, the proprietor of 'Beat All Sports' (BAS), one of India's prominent sports manufacturing companies, disclosed Dhoni's greatness during the 2019 World Cup. Despite the tournament marking Dhoni's final appearance in Indian colors, he opted not to charge any fees for donning the BAS logo on his bat.

By Bianca Flowers and Aatreyee Dasgupta

By David Shepardson

Albinder Dhindsa said while sharing the Blinkit post on X where the man can be seen making the unusual request. The post is quickly getting viral across social media platforms and has accumulated over 2 lakh views on just X. The users sympathized with the man and requested Blinkit to fulfill the request on the occasion of Valentine's Day.