Manufacturing Financial News

Federal Reserve poised to lead the charge for richer countries. Traders boosted bets on how aggressively the Fed will lower borrowing costs this year after a report showed prices paid to producers continued to fall in December. Even so, the path to taming inflation will be bumpy, as a measure of consumer prices rose by the most in three months. Similar metrics in Norway and Chile eased in December, while Argentina ended the year with inflation above 200%.

flight landed safely with 59 passengers and six crew onboard. "The crack was not something that affected the flight's control or pressurization," the ANA spokesperson said. The incident comes as Boeing is facing increased scrutiny after the cabin panel detached mid-air from a new Alaska Airlines aircraft last week.

HANOI — Vietnam is set to achieve a 6% growth in its gross domestic product (GDP) for the year 2024, a target that aligns with the projections made by HSBC and the expectations of the National Assembly. The Southeast Asian nation is experiencing an economic upswing, buoyed by substantial foreign direct investment (FDI) inflows, which saw $36.6 billion registered and $23.2 billion implemented in the preceding year.

clean and sustainable energy source: green hydrogen. India is poised well towards meeting the essential climate goals it has set out for itself at different global fora over the last several years. The recent announcement of the detailed guidelines for the Production Linked Incentive (PLI) schemes for green hydrogen production and electrolyser manufacturing by MNRE under the flagship SIGHT programme of the National Green Hydrogen Mission is one such step.

By Pradeep Bhargava

Tesla says it’s temporarily halting most of production at its German factory because of attacks in the Red Sea, a vital global shipping corridor

The Federal Aviation Administration says it will increase oversight of Boeing and audit the production of the 737 Max 9 jetliner after a panel blew off an Alaska Airlines plane in midflight last week

NLC India has awarded a contract to BHEL to set up a 2,400 mw thermal power project at Jharsuguda district in Odisha. The Pit Head Green Field Thermal Power Project of 2,400 MW capacity, comprising three units of 800 MW each, is based on Ultra Super Critical Technology.

Tata Passenger Electric Mobility Ltd (TPEM), a subsidiary of Tata Motors Ltd, on Friday said it rolled out the first Tata badged car from its new plant in Gujarat's Sanand1. The plant was acquired from Ford India last year. «Witnessing the first car roll out of the new TPEM facility in Sanand is a proud moment for us. We have successfully retooled the factory in the shortest span of 12 months, taking it to new level to accommodate a wide range of existing products and future new models to come,» Tata Motors Passenger Vehicles Ltd & TPEM Managing Director Shailesh Chandra said.

Tata Power, Adani Power and Reliance Power. India’s installed power capacity as of May 2023 was about 418 GW. Of this, the overall capacity of fossil-based power plants was about 237 GW, with the share of coal at 205 GW.

Republic Day parade from the Indian Army including the LCH Prachand chopper, Pinaka multi-barrel rocket launchers and Nag anti-tank missiles. The LCH Prachand is the first indigenous Multi-Role Combat Helicopter designed and manufactured by HAL. It has potent ground attack and aerial combat capability.

CES, the annual Consumer Electronics Show in Las Vegas, thanks to wearable tech innovations. Here are some highlights:

Suez Canal. Supply chain struggles are now back on the agenda. Container ships are being forced to avoid the Red Sea and Suez Canal, the main route for shipments from Asia to Europe and an important one for deliveries to the US East Coast, after Iran-backed Houthi rebels started attacking ships as part of a campaign against Israel.

By Valerie Insinna and Tim Hepher

By Nandita Bose and Trevor Hunnicutt

₹10,000 smartphones category, where fewer players are operating. Additionally, it has launched 5G smartphones under ₹15,000. “The company is committed to democratizing 5G technology in India, recognize that 5G products are the choice of people.

As inflation continues to throttle back across the broad U.S. economy, some consumer categories have sunk into outright deflation.

Karnataka's State-Level Single Window Clearance Committee (SLSWCC) led by industries minister MB Patil on Friday approved 73 investment projects cumulatively worth about Rs 3,935.52 crore. These projects have the potential to employ around 15,000 people in Karnataka. Patil said this was an indication of the efficiency that the single-window system had ushered in for the approval process.

By David Shepardson

standalone and consolidated unaudited financial results of the Company for the quarter and nine months ended December 31, 2023," RIL said in a regulatory filing. “A presentation to analysts and media on financial results of the Company for the quarter and nine months ended December 31, 2023, shall be made on the same day after the meeting," it added. The Q3 results will come as the shares of the company recently touched a new 52-week high of ₹2,658.95 on the BSE.

Avalon Technologies on Friday said it is now a strategic manufacturing partner for C-DAC (Centre for Development of Advanced Computing), an R&D organization of the Ministry of Electronics and Information Technology (MeitY) to enhance the indigenous manufacturing capability of High-Performance Computing (HPC) systems as part of the ‘Rudra’ programme, which aims at designing and manufacturing of supercomputers in India. “We are proud to announce that we will be a key partner in assisting with the manufacturing of Rudra HPC servers — India's first ever natively designed server by C-DAC," Kunhamed Bicha, chairman of Avalon said in a statement. «We have been involved in the process of development of RUDRA server by providing advanced manufacturing solutions and are delighted to now take on a strategic role in bringing about the Make in India story.»