Manufacturing Financial News

Taiwanese voters have shrugged off warnings by China that the election of the independence-leaning Democratic Progressive Party (DPP) candidate Lai Ching-te to the presidency would increase the risk of conflict in the Taiwan Strait, including a potentially violent takeover of the island nation. China’s strong-arm tactics under Chinese Communist Party (CCP) general secretary Xi Jinping, who has vowed that the island’s ‘reunification’ with the mainland is a historical inevitability, have failed for now. But that does not mean that these tactics will not continue or that regional geopolitics is any less precariously placed.

₹3,397.32 crore to this sector, including a substantial boost to Khelo India with ₹1,045 crore. Punit Balan, Chairman & Managing Director of the Punit Balan Group, highlighted the government's commitment to fostering athletic talent.

elected as Taiwan’s president. He thus secured a third term for his pro-independence Democratic Progressive Party (DPP). The vote will shape relations between self-governing Taiwan and China, which wants the island to be governed from Beijing.

Wings India 2024, commencing January 18 at Begumpet Airport in Hyderabad, Hindustan Aeronautics Limited (HAL), the aerospace, and defense equipment manufacturer, is set to showcase its homegrown civil platforms. Among the highlights are the Hindustan-228 aircraft and the upgraded civil variant of ALH Dhruv helicopter. The HAL stall, spanning four days, will exhibit scale models of LUH (civil variant), Hindustan-228, ALH (civil variant), Line Replaceable Units (LRUs), and accessories related to civil aircraft.

Red Sea shipping force them to find alternate routes, logistics firms say, a potential boon for a sector dealing with muted post-pandemic demand and overcapacity. The Red Sea, which leads to the Suez canal, lies on the key east-west trade route from Asia's manufacturing hubs to Europe and onto the east coast of the Americas. About 12% of world shipping traffic accesses the Suez Canal via its waters.

Bajaj Auto has brought Husqvarna Motorcycles much-anticipated 2024 models of Svartpilen 401 and Vitpilen 250 into India. This latest range represents a comprehensive redesign, featuring entirely new engines, chassis, advanced technology, and updated styling. The Svartpilen 401, a dynamic Scrambler, is equipped with a powerful 399 cc 45 HP engine, premium paint finish, adjustable WP suspension, spoke wheels, Pirelli Scorpion tires, Easy Shift technology, and a TFT display. On the other hand, the Vitpilen 250 is an urban Roadster boasting a new 249 cc 31 HP engine, premium paint finish, WP suspension, Bosch ABS, and an LCD display. The 2024 lineup excels in various aspects compared to its predecessor, including road presence, seat height, ground clearance, tank capacity, pillion comfort, and cornering dynamics. In 2019, Bajaj Auto had launched Husqvarna motorcycles in India and has been manufacturing some models at it plants for exports.

cycle industry in Ludhiana dates back to the pre-Partition days and the legacy continues to remain even in contemporary times. Renowned brands such as Hero Cycles and Avon Cycles started their journey from Ludhiana in the ’50s and ’60s. Popularly dubbed as the “bicycle capital” of the country, Ludhiana accounts for 90% of the country’s cycle production and has a host of MSMEs involved in the trade.

SIDBI ET MSME Conclave is now set to enter Punjab. The third session is scheduled to be held in Ludhiana on January 19. The conclave is a series of events being held across the country with the aim to bring together micro, small & medium enterprises (MSMEs), policymakers and ecosystem enablers. To register for the Ludhiana conclave, click here. The first two sessions were held in Indore and Bhubaneswar. Those events had a stellar turnout and were abuzz with participants discussing ideas and policies, and exploring networking opportunities.

GDP growth.” That was the marketing blitz India took to Davos in 2006. The idea was not so much to woo the West overnight as to wean it away from its fascination with China, whose gross domestic product back then was expanding at double-digit rates. Eighteen years later, India is hosting a second coming-of-age party this week at the World Economic Forum in the Swiss Alpine town, though in vastly changed circumstances. For one thing, the most-populous nation no longer needs qualifiers like “the world’s fastest-growing free-market democracy” to highlight its exceptionalism — at 7.3%, it’s expanding quicker than any other major economy. Nor does New Delhi need to apologize for frequent political change.

₹1.5 crore each after subsidies, does not drain state coffers. “Since states may not be able to fund the expense of replacing these buses, there will be a lease model available for states," said one of the persons cited above. That would be similar to the opex model being followed for electric buses in the Faster Adoption and Manufacture of Electric and hybrid Vehicles in India (FAME-India) programme.

I have long been a proponent of ‘techno-legal’ governance—a hybrid system of laws and code where laws and regulations are embedded directly into the technology system. It has become increasingly possible for us to encode legal requirements directly into the ecosystems upon which we depend. Given that neither the laissez-faire approach to governance that the US pioneered nor the regulation-heavy approach taken by Europe has proven successful at regulating digital spaces, I am hopeful that this hybrid approach will offer us new ways in which we can extract the benefits of technology while safeguarding ourselves against its harms.

Tata Motors and M&M have received localization certifications from the government-run testing agency Arai for a range of products with electric powertrains. The incentives will be awarded against evidence of actual sales and audits of the investment made in advanced automotive technologies.

Stent makers have approached the government demanding creation of a separate subcategory and higher ceiling prices for coronary stents with advanced features. This follows several companies shelving plans to launch their next generation stents after major price cuts by the government. Coronary stents became a part of the National List of Essential Medicines (NLEM) in 2022, which made them more affordable.

₹11 lakh, all the way up to ₹20 lakh ex-showroom. Garg expects the SUV to consolidate its leadership in the segment, as well as its contributions to the carmaker’s total sales in 2024, even as competition from manufacturers grows.

By Siddharth Cavale

₹10,800 crore). The firm, which is betting big on green hydrogen, has appointed global consulting firm EY to look for buyers. There is a huge interest in green hydrogen in the country, with 5.8 million tonnes (mt) of green ammonia capacity coming up.

Tata Motors and M&M have received localization certifications from the government-run testing agency Arai for a range of products with electric powertrains. The incentives will be awarded against evidence of actual sales and audits of the investment made in advanced automotive technologies.

India’s first woman finance minister, Nirmala Sitharaman, will deliver her 6th Budget speech on 1 February 2024. She is the fifth finance minister (FM) since the 1980s to have delivered five consecutive budget speeches (for 2019-20 to 2023-24) and now she will present an interim budget ahead of national elections later this year. Other FMs who delivered five consecutive speeches were Manmohan Singh (1991-92 to 1995-96), Yashwant Sinha (1998-99 to 2002-03), P.

U.S. importers are rediscovering the lure of Southern California ports. Trade is swinging back to the ports of Los Angeles and Long Beach after a period in which pandemic-driven shipping disruptions and broader shifts in manufacturing pushed supply chains more heavily toward Gulf Coast and East Coast ports.

smartphones from different brands with amazing features and hardware, offering high-end processors, large displays, and massive batteries without draining your wallet. Each smartphone on this list delivers tremendous value for the Indian consumer. A multiple-camera setup is present to capture various perspectives of your cherished memories.

Mahindra & Mahindra has told the government there must be a level playing field between domestic and foreign players and local manufacturing must be promoted, a top executive said, as New Delhi seeks to lure carmakers such as Tesla. Mahindra and Tata Motors have pressed Indian officials privately not to lower import taxes of 100% on electric vehicles and protect domestic firms and their foreign investors as the government reviews Tesla's plans to enter the market, Reuters reported last month. Asked about Tesla's entry and New Delhi's planned policy to lower import taxes, Mahindra Managing Director Anish Shah said his company had made representations to Indian officials saying global EV makers must be nudged to invest in India. «It should be a level playing field and investing in India is important,» Shah told Reuters in an interview at the World Economic Forum annual meeting, without referring to Tesla by name. «Our approach is essentially to create a stronger industry in India, and not to be in a situation where manufacturing is done outside India, and India just becomes an importer of products,» he added. India sold 4 million cars last year and just 82,000 of those were EVs, but the nascent segment clocked sales growth of 115% versus the previous year. Mahindra has raised around $400 million from Singapore's Temasek and British International Investment, while private equity firm TPG and Abu Dhabi state holding company ADQ invested $1 billion in 2021 in Tata. Shah said Mahindra has plans to list its EV unit, but not before 2029 «because we need to be able to show significant success in that business.» «For us, electric is the future,» he said. Tesla has proposed setting up an Indian factory but also demanded