Manufacturing Financial News

18.01 / 04:11

markets Manufacturing Strategy economy trends country isolate ‘India has robust financials, is on every investor’s radar’: Kenneth Andrade

Mint, Andrade, shares his perspective on the firm’s upcoming new fund offer (NFO)—the Old Bridge Focused Equity Fund—and provides valuable insights into his investment approach and strategy. With 27 years of experience in Indian capital markets, including a decade as chief information officer (CIO) at IDFC Asset Management, he now serves as CIO at Old Bridge Asset Management Company. Andrade, who recently established his own asset management company, says the firm concentrates on identifying businesses early into a cycle.

18.01 / 03:41

Manufacturing Fighting Inside information Features Videos Vande Bharat train viral video: Passengers fight over luggage space, Railway police step in

Vande Bharat train over luggage space. As other passengers in the coach watch, the dispute escalates when a woman intervenes to support one of the men.

18.01 / 01:51

Reuters SUN Manufacturing security performer 2020 stake Sun Pharma to buy remaining stake in Taro Pharma for $347.8 million. Details here

Also Read | Nifty Pharma hits all-time high; 10 stocks including Lupin, Cipla, Glenmark Pharma, Divi's Labs touch one-year peaks The offer from Sun Pharma totals approximately $347.8 million, according to Reuters calculations, and represents a 4.2% premium to Taro's closing share price on the preceding January 17. Sun Pharma, which presently holds a 78.5% stake in Taro, had initially proposed to purchase the remaining stake at $38 per share in May.

18.01 / 01:51

UPS Manufacturing Mobile Software Bill budget 2024 Budget 2024 may see FAME III be unveiled

India could unveil an expanded third phase of the incentive scheme for electric vehicles in the upcoming interim budget on February 1, enhancing it to support mass transport and alternative fuels, a top government official told ET. The budget could set aside ₹10,000-12,000 crore for the third instalment of the Faster Adoption & Manufacturing of Electric Vehicles (FAME) scheme. «FAME III will be focused on mass transport such as buses, and personal mobility for two-wheelers while also encouraging adoption of alternative fuel vehicles like hydrogen-powered ones,» said a ministry of heavy industries official. Industry demands new scheme

18.01 / 01:51

UPS Manufacturing Airlines Boeing Kirklands show US regulators US regulators complete inspections on 40 grounded Boeing's 737 MAX 9 aircraft

Boeing 737-800 aircraft makes emergency landing due to cockpit window crack In the January 5 incident, a Boeing 737 MAX operated by Alaska Airlines executed an emergency landing after a panel known as a "door plug" blew out mid-flight. There were no fatalities or serious injuries.

18.01 / 01:01

UPS Manufacturing CEO Boeing President Schools Jeh Aerospace raises $2.75 million in funding round led by General Catalyst

Jeh Aerospace has raised $2.75 million in a seed funding round led by San Francisco-based venture capital firm General Catalyst. Pratyush Kumar, former president of Boeing India, and Dwarakanath Srinivasan, former CEO and managing director of Airbus India, also participated in the round.

18.01 / 01:01

UPS Provident Manufacturing wellness Schools International International Battery Company raises $35 million in RTP Global-led round

International Battery Company (IBC), which manufactures lithium-ion cells for electric vehicles and plans to set up a factory in Karnataka, closed its maiden funding round at $35 million, led by RTP Global. The round has also seen participation from Beenext, Veda VC along with other strategic Korean and US investors and supply partners.

18.01 / 01:01

markets IPO Manufacturing Experts band open Nova Agritech IPO to open on January 22

MUMBAI: The 140.81-crore initial public offering (IPO) of Telangana-based Nova Agritech will open for subscription on January 22 at a price band of 39-41 apiece. The IPO will close on January 25.

17.01 / 23:59

COST BLOCK Manufacturing Healthcare Department Courts Freelancers file first lawsuit challenging Biden independent contractor rule

By Daniel Wiessner

17.01 / 23:59

UPS Manufacturing economy wellness show Headlines Plunge in NY Fed Manufacturing Index Shows Recession Monster Is Alive and Well

The sharp drop in the New York Federal Reserve’s Empire State business-conditions index in January triggered a wave of warnings.

17.01 / 20:55

Citi Extreme Manufacturing Patrick innovations testing Helmet manufacturer: Mahomes' shattered lid in playoff game 'did its job'

The manufacturer of the helmet that Chiefs quarterback Patrick Mahomes shattered during their AFC wild-card game with Miami says it “did its job” by protecting him on a helmet-to-helmet collision Saturday night

17.01 / 20:27

markets FIVE Progressive Manufacturing Healthcare Amicus International Amicus Capital hits first close of second fund at $146 mn

₹1,215 crore). The fund plans to invest $10-30 million each in 10-12 middle market companies across five key sectors—financial services, consumer, healthcare, technology & business services, and specialty manufacturing, a company statement said. European Investment Bank, US International Development Finance Corporation, Self-Reliant India (SRI) Fund, HDFC Fund of Funds, large domestic insurance companies & financial institutions, family offices and HNIs from across the world are some prominent investors that participated in the second fund.

17.01 / 17:57

Manufacturing Platform Align Hyundai Trade Department International Tata Motors warns against lower GST for hybrid vehicles

Tata Motors, the country’s leading passenger electric vehicle maker, cautioned on Wednesday. Shailesh Chandra, managing director, Tata Motors’ passenger vehicles and passenger EV divisions, said hybrid vehicles use a small battery pack and a motor that relies heavily on a fossil-fuel engine, effectively making them gasoline-run vehicles.

17.01 / 16:15

Aviat Manufacturing PTC wellness President reports week Smallcap stock locked at 10% upper circuit to hit 52-week high on signing supply deal with France's Dassault Aviation

PTC Industries Share Price: Shares of PTC Industries were locked at over 11 per cent upper circuit to hit its fresh 52-week high mark of ₹7,663.25 apiece on the BSE after its subsidiary signed a new supply deal with France-based Dassault Aviation on Wednesday, January 17. The company's wholly-owned subsidiary Aerolloy Technologies signed a long term purchase agreement with Dassault Aviation for supply of full range of titanium cast parts made in India for the Rafale multirole fighter aircraft.

17.01 / 16:13

markets UPS Manufacturing Fallout testing Foxconn, HCL announce JV to set up semiconductor OSAT in India

Vedanta Ltd last year. The JV had planned to invest $20 billion in India for setting up a semiconductor fabrication unit, display unit and semiconductor assembly and testing unit.

17.01 / 13:41

BLOCK Progressive Manufacturing Volkswagen Airlines Entertainment Tesla fall Tesla, Walt Disney and Spirit Airlines fall premarket; Instacart rises

Investing.com — U.S. futures slipped lower Wednesday on concerns that interest rate cuts by the Federal Reserve could be further away than earlier anticipated.

17.01 / 12:59

markets COST Manufacturing Research Trade blues stars week Blue Star share price gains 1%, trades near 52-week highs; firm volume, earnings outlook for AC producers

Blue Star share price gained 1.7% in intraday trades on Wednesday and closed with gains of almost 1%. Voltas share price also ended the day with gains of 0.16% on the BSEon a day when benchmark indices were down more than 2%.

17.01 / 10:26

markets Target Manufacturing economy wellness Trade reports fall Rate Cut European stocks fall on rate cut uncertainity, weak Chinese growth data

Investing.com — European stock markets fell sharply Wednesday on increased uncertainty over the likelihood of early interest rate cuts as well as disappointing Chinese growth data.

17.01 / 08:27

markets COST Target Manufacturing WhatsApp Trade Updates Financial Bajaj Finance to see earnings downgrade, market share loss on Jio Financial entry, says UBS; assumes coverage with Sell

Bajaj Finance with a Sell rating and a target price of ₹6,800 per share, implying a downside of 9% from Tuesday’s closing price. It expects Bajaj Finance’s yields to be under pressure in urban consumer financing business, which formed 37% of standalone Assets Under Management, 45% of interest earned and over 60% of core fee income in FY23.

17.01 / 08:27

markets IPO Manufacturing Platform Food reports testing Qualitek Labs IPO: Issue price set at ₹100 per share; check key dates, lot size and other details

₹100 per equity share with a face value of ₹10. The initial public offering (IPO) will open for subscription on January 18 (Thursday) and close on January 22 (Monday). Through the issue, the company aims to raise ₹19.64 crore via the issuance of 19.64 lakh fresh equity shares.

17.01 / 07:53

markets UPS Manufacturing performer reports Multibagger: Up 1845%, this stock turned ₹10,000 into ₹1.94 lakh in a year

Jai Balaji Industries have given exceptional returns to their investors in the last 1 year. The stock has delivered phenomenal returns surging over 1845 percent to ₹1,046.90 from ₹53.8 in January 2023. This implies that an investment of ₹10,000 in this penny stock in January 2023 would have turned into ₹1.94 lakh now.

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