Manufacturing Financial News

Machinery maker Megatherm Induction on Saturday said it has fixed a price band of Rs 100 to Rs 108 per share for its Initial Public Offering (IPO).

EPC company Salasar Techno Engineering Ltd (STEL) on Saturday said its board has a proposal to merge Hill View Infrabuild Ltd with itself.

As finance minister Nirmala Sitharaman gears up to present the vote-on-account budget for fiscal year 2024-25 (FY25) on 1 February, India's economy finds itself at a crucial juncture. The mix of current macroeconomic indicators presents both opportunities and challenges for the finance minister. On the bright side, growth projections are promising.

China's recovery after opening up from its zero-Covid policy has been marred by a deepening property crisis, deflationary risks, and subdued demand; besides other factors such as a recession and joblessness, Reuters reported. Also Read | China: $6.3 trillion wiped out from market value of stocks as investors play the waiting game Expectations of a strong post-COVID rebound in the world's second-largest economy waned amid weak consumer and business confidence, mounting local government debts, and as global economic slowdown weighed on jobs, activity, and investment. China Beige Book International's survey noted a disappointing recovery from COVID-19, suggesting the need for major global upside surprises or more active government policies for acceleration, the report said.

Pran Pratishtha ceremony, Vishwa Hindu Parishad (VHP) president Alok Kumar handed over gifts received from Kashmir, Tamil Nadu and Afghanistan to the 'Yajman' of Shri Ram Temple Anil Mishra. Speaking about those who donated saffron from Kashmir, the VHP president said that though they are from different religions they expressed their happiness at the construction of the Ram temple. «Muslim brothers and sisters from Kashmir came to meet me and expressed their happiness at the construction of Ram temple, and said that even though we follow different religions, our ancestors are the same.

Budget expectations: India’s tryst with manufacturing has finally taken a leap of faith. The country’s ambition to become a $10 trillion economy by the turn of this decade is helping reinvent the real potential of its manufacturing sector.

logistics industry has experienced a significant transformation as consumer demand for sustainability has grown stronger. The era of single-use plastics and excessive packaging waste gradually led to a new paradigm: sustainable packaging. Today, eco-conscious consumers increasingly seek brands that prioritise environmentally friendly practices, making sustainable packaging a crucial factor for business success. Eco-friendly is a catch-all term for all kinds of packaging that is – for one reason or another – considered better for the environment.

HFCL (Himachal Futuristic Communications Limited), a company with diverse operations in telecom infrastructure, saw its shares jump 8.52% in today's early trade, touching a new 52-week high of ₹96.10 apiece following the company's announcement of a strong order win. On Friday, the company said it secured an order worth ₹623 crore for the supply of indigenously manufactured Telecom Networking Equipment for the 5G network of one of the domestic telecom service provider.

NEW DELHI : With the Union Budget 2024-25 on the anvil, the Indian aviation industry hopes for a range of measures to reduce cost burden with respect to aviation turbine fuel (ATF), lower duty structure on import of private aircraft, categorization of airports under priority sector lending and more initiatives to improve regional connectivity in India. “The import duty has to be done away with. It comes to 3% when you import either by purchasing of aircraft or induct it on lease.

Quaker Oats Company and PepsiCo Canada after its Quaker products were recalled in Canada due to potential salmonella contamination.Slater Vecchio LLP launched the lawsuit “on behalf of all persons in Canada” who purchased any of the 38 Quaker products that were recalled, or those who believe they got sick after eating the products.The Canadian Food Inspection Agency issued the initial recall on Jan. 11, 2024, for 38 Quaker products, including granola, cereal, and then later recalled over 30 yogurt and parfait products that contained Quaker granola.“Canadians trust manufacturers to produce packaged foods that can safely be consumed without the risk of illness from contamination,” Sam Jaworski, a partner at Slater Vecchio LLP, said in a statement.“Through a class action, Canadians can access justice to hold suppliers accountable through strength in numbers, even if it would not be economical to pursue a lawsuit at the individual level.”Slater Vecchio LLP is seeking to identify those who believe they got sick from the recalled products, and say they can be contacted here.Salmonella is a bacterial infection commonly transmitted through contaminated food and water and poses a significant health threat, especially to children and older adults, as it can lead to severe gastrointestinal symptoms, dehydration, and, in extreme cases, death.“Salmonella is one of the most prolific pathogens we know,” Keith Warriner, a food safety professor from the University of Guelph, previously told Global News.

(Reuters) -OpenAI CEO Sam Altman plans to use the billions of dollars he is trying to raise for a chip venture for setting up a network of factories that will manufacture semiconductors, Bloomberg News reported, citing several people with knowledge of the plans.

Georgia Gov. Brian Kemp is telling world business leaders that the state must increase its supply of electricity produced without burning fossil fuels to meet industries’ demand for clean energy

PCBL (formerly Phillips Carbon Black), a leading manufacturer of carbon black, have been on a strong upward trend since April 2020, rewarding their shareholders handsomely. Over this period, the shares have surged from ₹32 apiece to the current price of ₹310, delivering an impressive return of nearly 700%. In CY23, the company's shares witnessed a notable gain of 94%, attributed to the robust performance of the core carbon black business and the strategic entry into the high-growth specialty chemical sector.

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₹218 to ₹230 per equity share of the face value of ₹10. EPACK Durable IPO raised ₹192.01 crore from anchor investors on Thursday, January 18, by allocating 83.48 lakh equity shares at ₹230.

Also Read: Budget 2024 brew: Alcobev players pitch for uniform tax, excise duty cuts; ENA price relief, input tax credit hold key The Gem & Jewellery Export Promotion Council (GJEPC), representing India’s global gem & jewellery trade, has proposed several recommendations to the government ahead of the upcoming budget. “Gem and Jewellery exports have been facing a challenging time on account of the economic downturn in key export markets, geo-political concerns, supply and demand side constraints in the global diamond industry, and unavailability of precious metal in the country among others.

Investing.com — European stock markets rose Friday, continuing the tech-inspired global rally as investors shake off the negative sentiment from earlier in the week. 

made-in-India chip will be out by December, Union Minister Ashwini Vaishnaw said here, crediting Prime Minister Narendra Modi for developing a very strong semiconductor industry in the country in a short span of time with focus on the entire ecosystem. Speaking to PTI at the World Economic Forum Annual Meeting 2024, the minister said PM Modi launched a semiconductor policy in January 2022, adding that when he met senior representatives of the industry here, the one thing they all were surprised about was how this much work could be done in such a short time. «They all appreciated the policy and the fact that PM Modi has always stressed on creating a comprehensive ecosystem because not many countries have this kind of policy and therefore they could not get such success,» he said. The Minister for Communications as well as Electronics and Information Technology said the prime minister has always focussed on developing an ecosystem where there is a lot of focus on talent. «MoUs (Memoranda of Understanding) with 104 universities are already in place, their course curriculum are being revised, there is a lot of focus on design with a separate investment scheme. »Many design companies have got the benefit and they are gradually coming up in the value chain.

Sobha, Brigade Enterprises, DLF, and Macrotech Developers, rallying between 101 percent and 135 percent. Meanwhile, Godrej Properties, Phoenix Mills, Oberoi Realty, Indiabulls Real Estate and Sunteck Realty also jumped between 26 percent and 89 percent each. On the other hand, in the Nifty Energy index, NTPC was the top-performing stock, up over 80 percent in the last one year, followed by Indian Oil, Tata Power, GAIL, and ONGC, up over 50 percent each.

₹6,000 crore in Maharashtra. The Indian unit of the Korean carmaker announced the deal in March 2023. With the acquisition, Hyundai's production capacity is expected to surge to one million from more than 800,000 currently.

Budget 2024: What is Vote on Account? Significance and more… Nirmal Bang expects fiscal consolidation in FY25 with a deficit likely at about 5.5 per cent of GDP, largely driven by moderation in government capex growth at 15 per cent. The brokerage firm highlighted the following six major themes that could dominate the Interim Budget 2024. Take a look: Nirmal Bang expects the fiscal deficit to come in at 5.5 per cent of GDP in FY25, led by moderation in capex growth to 15 per cent from an estimated 36 per cent in FY24.