Manufacturing Financial News

₹370 were higher compared to ₹357 in the previous quarter and ₹359 in the year ago quarter. The quarter also saw some moderation in raw material costs. Though demand in certain pockets and regions saw temporary impact due to state elections, labor availability in festive season, rains and floods in the South India, and construction bans in Delhi NCR and some other regions to curb pollution.

the S1 X. While there is no specified timeframe for when S1 X owners can expect to receive this update, the electric vehicle manufacturer has assured that it will be available to them in the near future. The MoveOS 4 from Ola marks the third significant software update released by the electric two-wheeler manufacturer in the past two years.

Hyundai Motor India on Friday said it has completed the acquisition of General Motors India's manufacturing plant at Talegaon in Maharashtra. The country's second-largest carmaker also announced that it will invest Rs 6,000 crore in Maharashtra as part of an agreement inked between the company and the state government in Davos. The acquisition of the Talegaon facility has been completed after the fulfilment of certain conditions and the receipt of regulatory approvals from relevant government authorities and relevant stakeholders, Hyundai Motor India said in a statement.

India is attracting increased attention of global businesses and they have an important role to play in bringing additional investments over and above domestic resources. India wishes to be an important part of global supply chains and is also seeking investments to shore up domestic capability in sectors like semi-conductors, IT and telecom equipment, defence manufacturing, medical equipment, etc. Well-established global corporations in these areas could help bridge the gap in a short period of time. They bring in knowledge and technology, which otherwise can take a long time to develop. The interim budget would be presented in the midst of positive tailwinds for India like geo-political alignment, stable macro-economy (exchange rates and interest rates under control), 100% FDI allowed in most sectors and the Government’s aspiration of making India a developed country by 2047. Despite the tailwinds, the pace of growth in Gross FDI has moderated after touching a high of USD 85 Billion in FY 22. The sentiment however remains strong given that India’s growth is likely to sustain over the long run. The attractiveness of the Indian market together with an easy and competitive business environment can India an unbeatable proposition for global companies. The interim budget can be leveraged to give this message, especially given that investments decisions are made constantly and there are other countries competing with India to attract FDI.

buzz surrounding ITI Ltd. Despite its stock soaring over 4x, a staggering 300% rise from its 52-week lows, the company's fundamentals don't seem to justify such enthusiasm. ITI Ltd has been in the red both in the last financial year, FY23, and the preceding 12 months.

KUALA LUMPUR (Reuters) — Malaysia's economy likely grew 3.4% year-on-year in the fourth quarter of 2023, slightly faster than the previous three-month period, official advance estimates showed on Friday.

Investing.com-- Major Asian chipmaking and technology stocks rose sharply on Friday, tracking better than expected earnings from TSMC and as the chipmaking giant also flagged a positive outlook on AI demand.

Asian shares bounced on Friday, buoyed by a rally in regional chipmakers, while the yen was set to end the week with heavy losses as investors pared back bets the Bank of Japan would soon abandon its uber-easy policies. Oil prices were on edge amid worries about increasing geopolitical risks in the Middle East. The U.S. launched new strikes against Houthi anti-ship missiles aimed at the Red Sea on Thursday, and Pakistan conducted strikes inside Iran, two days after Iranian strikes inside Pakistani territory. MSCI's broadest index of Asia-Pacific shares outside Japan rallied 0.9% on Friday, but was still down 2.9% for the week, the biggest weekly loss since mid-August. Taipei-listed shares of Taiwan Semiconductor Manufacturing (TSMC) surged 5.0% after the chipmaking giant projected 2024 revenue growth of more than 20%.

AI optimism drove gains in Nvidia and other chipmakers. U.S.-listed shares of Taiwan Semiconductor Manufacturing (TSMC) soared nearly 10% after the world's largest contract semiconductor maker projected 2024 revenue growth of more than 20% on booming demand for high-end chips used in artificial-intelligence applications. Heavyweight chipmaker Nvidia rose 1.9% to a record high, and it was the most-traded company on Wall Street, with almost $28 billion worth of shares exchanged. Rival Advanced Micro Devices rose 1.6% and also notched a record high. Broadcom, Qualcomm and Marvell Technology gained more than 3% each.

By Samuel Shen, Casey Hall and Ellen Zhang

₹700 crore, has held talks with strategic and financial investors, three people with knowledge of the development said. “The company has not been able to scale up beyond the initial traction it saw. Merging with a larger player seems to be on the cards," the first person cited above said on condition of anonymity as the talks are private.

More than a half a million beds sold at retailers like Walmart and Wayfair are under recall because they can break during use, which has resulted in dozens of injuries

By Caroline Valetkevitch

Coal India Ltd (CIL) plans to acquire rare earth and critical mineral mines including lithium directly from the government, in addition to bidding for Jammu & Kashmir’s lithium reserves in upcoming auctions. “Coal India is looking to directly take certain rare earth mines. Given that it is a PSU, it can apply for certain mines directly.

₹691 crore in the December quarter as domestic demand rose. Consolidated revenue was flat at ₹9,127 crore, with a 43% increase in (Ebitda) earnings before interest, tax, depreciation, and amortization at ₹1,246 crore. “Due to the Red Sea issue, both our time to Europe and our cost to Europe have increased.

India’s newest airline says it will buy 150 Boeing 737 Max aircraft, in the first major announced sale for the manufacturer since a panel blew out of another Max model in midflight earlier this month

Arnold Schwarzenegger was stopped for hours by customs at Munich Airport after entering Germany with a luxury watch that was potentially to be auctioned at a charity event

3M has started paying out parts of its $6 billion settlement to U.S. service members who say they experienced hearing loss or other serious injuries after using faulty earplugs made by the company

Federal officials have briefed a congressional committee on their investigations into a jetliner that lost a panel of its fuselage in midflight this month and revealed that airlines have inspected 40 identical Boeing planes

France has announced more deliveries of its Caesar artillery system to Ukraine and is accelerating weapons production to avoid depleting its own military stocks while continuing to support the war effort against Russia’s invasion

leather recliner chair apart is its ergonomic design, tailored to provide optimal support for the body. The chair seamlessly combines functionality with style, featuring a reclining mechanism that allows for personalized positioning; ensuring that every moment spent in its embrace is tailored to individual preferences. Whether unwinding after a long day or indulging in a leisurely afternoon read, this recliner adapts to the unique contours of the body, promoting relaxation and alleviating stress.