Manufacturing Financial News

Subscribe to enjoy similar stories. In Guillermo del Toro’s new film adaptation of Mary Shelley’s Frankenstein, when Dr Victor Frankenstein (Oscar Isaac) demonstrates his method for re-animating dead tissue, the assembled noblemen are outraged. “Ungodly", “an abomination", “a crime against God".

Subscribe to enjoy similar stories. For a decade, one company has maintained a near-total stranglehold on the business of selling the advanced computer chips that power machine learning and artificial intelligence: Nvidia. Armed with the most advanced blueprints for graphics processing units, or GPUs, and helped by the rapid pace of innovation at Taiwan Semiconductor Manufacturing, the contract fabricator that makes 90% of the world’s advanced AI chips, Nvidia has become synonymous with AI processors.

Subscribe to enjoy similar stories. In October, when the Indian cricket team walked on to the pitch in Ahmedabad during the Test series against West Indies with the Apollo Tyres logo on their shirts, it was a moment of intense pride for Neeraj Kanwar. “It’s not just a logo.

While the rest of the world frets over artificial intelligence and how it could hollow out demand for human effort, a zeitgeist-defying idea is taking hold in India. Several corporate bosses have publicly said that at India’s stage of development, a 70- or even 90-hour workweek is a national imperative.

Subscribe to enjoy similar stories. After four years of blistering growth, PG Electroplast Ltd seems to be moving past its phase as a small-cap dream stock. Between FY21 and FY25, the company’s operating revenue jumped from ₹703 crore to nearly ₹4,870 crore—a growth of more than 62% a year.

Subscribe to enjoy similar stories. U.S. Steel plans to resume steelmaking at an Illinois plant where the Trump administration intervened last summer to keep production going.

Subscribe to enjoy similar stories. Sabitgarh: At a time when India’s auto industry is pushing for electric vehicles (EVs) as the clean transport of the future, Japanese carmaker Toyota Kirloskar Motor believes the government should help incentivize hybrid flex-fuel technology powered by ethanol as the best clean fuel bet. Such a fuel would be insulated from geopolitical uncertainties at a time when China has put hurdles in the development of EVs, according to a senior executive of the company.

Subscribe to enjoy similar stories. NEW DELHI: Two homegrown firms, including a Tata Group company, along with a US chip design major, have bagged a ₹4,500 crore project to enable India’s sole semiconductor fabrication plant, Semi-Conductor Laboratory (SCL) in Mohali, to make more modern industrial chips used in critical sectors like power and energy. On Thursday, Tata Semiconductor Manufacturing Pvt.

Subscribe to enjoy similar stories. Dr Reddy’s Laboratories Ltd (DRL) received a shot in the arm on 2 December, when the Delhi High Court allowed it to export the weight-loss drug semaglutide, which is set to become patent-free in several countries including Canada, China and Brazil from January 2026. While the order restricts sales of semaglutide in India until it goes off-patent here in March, this window will help DRL prepare for the domestic launch.

Subscribe to enjoy similar stories. MUMBAI : NRB Bearings Ltd, India’s largest maker of needle roller bearings, signalled one of the most defining shifts in its nearly six-decade history with the announcement of a strategic joint venture with Italy-based Unitec Group on 1 December. The partnership marks the company’s formal entry into industrial cylindrical roller bearings—an expansion long envisioned by chairperson and managing director Harshbeena Zaveri, but delayed due to factors rooted in her family’s business legacy.

Subscribe to enjoy similar stories. India's aviation regulator is investigating how Air India operated an aircraft for two days in November without a valid Airworthiness Review Certificate (ARC), a document that ensures compliance with safety standards. The regulator did not name the aircraft type but referenced the registration code of an Airbus A320 (VT TQN), implying that it was a single-aisle (narrow body) jet.

Subscribe to enjoy similar stories. From the industrial belts of Gujarat to the outskirts of Bengaluru, factories are churning out solar panels by the millions, their glassy surfaces stacked and shipped across the country. Utility developers, homeowners and farmers are lapping them up, feeding the surge in India’s clean energy push.

Subscribe to enjoy similar stories. Artificial intelligence (AI) is taking off in India. The country is now the second-largest market for OpenAI, whose ChatGPT service has 700m active users worldwide.

Subscribe to enjoy similar stories. NEW DELHI: The heavy industries ministry has proposed new localization rules for e-ambulances under the ₹10,900 crore PM E-drive scheme, allowing manufacturers to import traction motors fitted with rare earth magnets till 3 March 2026, the ministry said in response to Mint’s email query.

Soon after its order on keeping chat apps linked to phone SIM cards even for web access to such messaging platforms, India’s Department of Telecommunications (DoT) issued a fresh directive aimed at tightening network security further. This one is likely to ruffle even more feathers.DoT has asked smartphone makers to pre-install a government-run cybersecurity app called Sanchar Saathi on all new devices. This app must be placed prominently to catch attention the first time a phone is used.

Subscribe to enjoy similar stories. NEW DELHI : Problems in renewal of visas for Chinese technicians have slowed the pace of buildout of India’s lithium-ion battery manufacturing factories for electric vehicles and energy storage, according to two people aware of the matter. The issues are happening despite bilateral relations between India and China having eased in the past few months.

Subscribe to enjoy similar stories. The Delhi High Court on Tuesday allowed domestic drugmaker Dr Reddy’s Laboratories to manufacture and export its generic version of semaglutide to countries where the patent-holder Novo Nordisk does not have patent protection. Notably, semaglutide is the compound behind the Danish drugmaker’s blockbuster weight-loss drug Ozempic.

Hindustan Aeronautics Limited (HAL) is looking to outsource work worth around Rs 25,000 crore to the private sector firms. The Cabinet Committee on Security on Friday cleared the mega Rs 62,500 crore deal, and the contract between the Defence Ministry and the HAL was signed on the same day. «We are going to follow the Light Combat Aircraft manufacturing model in this programme as well. The HAL would soon be issuing tenders for involving the private sector in a big way in the Light Combat helicopter (LCh) project,» defence officials told ANI. In the LCA project also, different sections of the aircraft like fuselage, wings etc have been given to different private sector companies like Larsen and Toubro and Vem Technologies, they said. Around 40 per cent of the work share in the Rs 62,500 crore project is planned to be outsourced to the private industry. This is also going to help in further expanding the defence industrial ecosystem in the country at all levels, the officials said

Subscribe to enjoy similar stories. Chennai: In 1947, the US led 23 nations into signing the General Agreement on Tariffs and Trade (GATT). The effort was to lower trade and tariff barriers among nations.

Subscribe to enjoy similar stories. New Delhi: The ministry of heavy industries has identified ports, steel, cement and logistics as sectors to generate demand for electric trucks (e-trucks) under the PM E-Drive scheme after turning up empty-handed in the first half of the scheme, according to two officials aware of the development. The ₹500 crore, two-year scheme for e-trucks is set to end in fiscal year 2026 (FY26).

Indian toy industry is ready to take advantage of the high tariffs imposed by the US on competitors such as China and Vietnam, and the domestic players have already begun work on expanding capacity and forming joint ventures with global firms, exporters said on Sunday. They added that India has emerged as a winner in the recent US tariff hikes, as the exporters are better positioned to absorb the impact compared to competitor countries that are facing higher import duties in America. While the US has imposed an additional 26 per cent import duty on India, its competitor Vietnam is facing 46 per cent tariff, Bangladesh 37 per cent, China 54 per cent, Indonesia 32 per cent, and Thailand 36 per cent. «Huge opportunities are there for our exporters now. Vietnam's exports are about USD 6 billion and China's are USD 80 billion. Now their items will face higher duties in the US than that of Indian toys. All big toy firms are exploring opportunities to set up plants in India,» the CEO of Playgro Toys India, Manu Gupta, said. India's toy exports are hovering in the range of USD 326 million to USD 348 million for the last three years, according to the industry. He said that early conclusion of a bilateral trade agreement with the US will also help Indian toy players to increase shipments.