Manufacturing Financial News

12.01 / 13:59

UPS FIVE Manufacturing Enterprise awards country Adani Enterprises receives Letter of Award from Solar Energy Corporation of India

Adani Enterprises on Friday received Letter of Award(LoA) from Solar Energy Corporation of India for setting up manufacturing capacity for Electrolysers in the country under the Strategic Interventions for Green Hydrogen Transition Scheme. The incentive to be allocated over five years from the scheduled commissioning date is Rs 293.78 crore. Twenty companies including Reliance Industries, Adani Group, Jindal India, Larsen & Toubro and Bharat Heavy Electricals submitted bids for incentives to manufacture electrolysers, statements from Solar Energy Corp of India said last year. In July, India invited pilot bid to incentivise production of green hydrogen and manufacturing of electrolysers.

12.01 / 13:21

Progressive Manufacturing economy Food electronic Govt reviews progress of PLI schemes in 14 sectors

PLI) schemes for all the 14 sectors, an official said. The meeting assumes significance as the government has disbursed Rs 2,900 crore till March 2023 under the scheme.

12.01 / 13:03

UPS Manufacturing economy Deloitte show country Updates India likely to clock 6.9-7.2% GDP growth in FY'24: Deloitte

GDP growth in the range of 6.9-7.2 per cent in the current financial year on the back of improving economic fundamentals, Deloitte India said in an update to its quarterly outlook. As per the first advance estimates of national income released by the National Statistical Office (NSO), the Indian economy is estimated to grow by 7.3 per cent in the 2023-24 fiscal, against 7.2 per cent a year ago, mainly due to a good show by mining & quarrying, manufacturing and certain segments of services sectors.

12.01 / 13:03

Provident Manufacturing Software Bottomline reports recommendations HCL Tech to pay Rs 12/share interim dividend; sets record date

HCL Tech Ltd board has recommended an interim dividend payout of Rs 12/share. The dividend payout was considered and recommended along with the earnings for the December quarter. The company has fixed January 20 as the record date to determine eligible shareholders for the dividend payout. The country’s third-largest IT service provider on Friday reported a good set of numbers as the consolidated net profit rose 13.5% sequentially to Rs 4,350 crore.

12.01 / 12:47

markets UPS Manufacturing Enterprise Healthcare BDL 2024 Outlook 2024: 2 key reasons why Jefferies expect subdued pharma returns over 2023

Also Read- HAL, BEL, BDL: 4 fundamental factors that keep 2024 outlook firm for Defence PSU With decreasing margin of safety, they have downgraded Dr Reddy's to Underperform Ratings. They have upgraded Torrent to Buy from Hold on attractive valuations relative to peers.

12.01 / 12:23

Manufacturing Nov India's industrial production growth drops to 2.4% in Nov from 11.7% in Oct

manufacturing, power and mining sector output. The factory output growth measured in terms of the Index of Industrial Production (IIP) had grown by 7.6 per cent in November 2022, the Ministry of Statistics & Programme Implementation said in a press release. Growth in mining sector in November 2023 stood at 6.8 per cent year-on-year, down from 9.7 per cent recorded in November 2022. Manufacturing sector output grew by 1.2 per cent YoY in November last year, after growing 6.7 per cent in November 2022. Electricity sector output stood at 5.8 per cent in November 2023, down from 12.7 per cent recorded in November 2022. (More to come)

12.01 / 09:35

UPS IPO Booking Manufacturing Experts band Australian Australian Premium Solar IPO booked 39 times so far on Day 2; New Swan's issue subscribed 37 times

SME IPO of Australian Premium Solar India was subscribed 39 times so far on the second day of the bidding process. The issue closes on January 15. The IPO is entirely a fresh equity issue of up to 52 lakh equity shares aggregating to Rs 28.08 crore.

12.01 / 09:35

COST UPS Manufacturing economy Highways APM Terminals ties up with JNPA to develop terminal at upcoming Vadhavan Port

APM Terminals has signed an agreement with Jawaharlal Nehru Port Authority (JNPA) to develop a new container terminal at the proposed Vadhavan Port project in Maharashtra. The mega project will be set up at an estimated cost of Rs 76,220 crore and have a capacity to handle annual cargo of 23 million twenty-foot equivalent unit (TEUs)/ 254 million tonne.

12.01 / 09:31

Manufacturing CEO Platform Sustainability social Investment Opportunities Financial Beyond financial returns: How today's youth are balancing profit with purpose with sustainable investment opportunities

renewable energy for a cleaner future, 'Make in India' for domestic manufacturing, and EV infrastructure development. Key in this arena is the rise of green infrastructure, like LEED-certified buildings, which exemplify sustainable real estate practices. ESG (Environmental, Social, and Governance) criteria further enrich this domain, enabling investors to evaluate companies on broader societal impacts.

12.01 / 08:24

markets UPS Manufacturing economy Trade show European stocks rise after UK economy grows; Burberry issues profit warning

Investing.com — European stock markets climbed higher Friday, boosted by U.K. economic growth as investors await more U.S. inflation data and big bank earnings.

12.01 / 06:39

COST Citi Digital Manufacturing Strategy Apple Software Chinese rival to Apple’s Vision Pro raises $70 million, doubles down on new strategy to win consumers

BEIJING — Chinese augmented reality glasses and software company Rokid this week announced it raised 500 million yuan ($70 million) in a funding round led by the government of Hefei city.

12.01 / 06:15

UPS Waters Manufacturing Apple Features Amazon Great Republic Day Sale: iPhone 13 to get a significant price cut, to available under ₹50,000

Amazon has recently confirmed that its Great Republic Day Sale will begin on January 13. During the Amazon Great Republic Day Sale, the iPhone 13 will get a significant price cut and will be available for under ₹50,000. The sale will begin on Amazon at 12pm on January 13 and will run until January 17.

12.01 / 05:41

Manufacturing CEO Volkswagen security Tesla Hyundai Trade fall Shares fall as Tesla announces increased pay for U.S. workers

Shares of electric vehicle giant, Tesla (NASDAQ:TSLA) are down nearly 3% in afternoon trading Thursday morning after it was announced that the company notified workers at its California car plant of pay increases across its US factories.

12.01 / 05:41

Booking Aviat Manufacturing CEO Airlines Boeing Investigations US FAA launches probe of Boeing 737 MAX 9 after mid-air panel incident

By David Shepardson

12.01 / 03:59

Target FIVE Manufacturing Trade reports Department Updates Polycab share price tanks 28% in last five sessions; what should you do?

Polycab India, a leading electrical wires and cables manufacturer to ₹4,300 apiece from an earlier target price of ₹5,809 apiece to factor in the uncertainties due to the IT raid, by cutting the target P/E to 30x December 25E from 38x September. The company shares were in the spotlight over the last few sessions amid circulating reports of tax evasion allegations against the company.

12.01 / 03:21

Reuters Manufacturing Trade show country reports China posts higher-than-expected exports growth in December

BEIJING — China's exports rose more than expected in December, but failed to offset an overall decline for 2023, customs data showed Friday.

12.01 / 02:01

UPS Manufacturing Airlines Boeing Investigations Airbus beats Boeing with record jet orders for fifth year

Boeing seems unable to keep up with its rival Airbus The plane manufacturer delivered 735 airplanes, leaving its order backlog at 8,598. Airbus comfortably broke its previous sales record, set in 2014 on a gross basis. The company’s A320neo family of single-aisle aircraft has been particularly successful, but Airbus has also gained momentum with its A350 widebody model.

11.01 / 23:07

COST UPS Manufacturing security awards President reports Biden awards $623 million in grants to build out electric vehicle charging network

The Biden administration is awarding $623 million in grants to help build an electric vehicle charging network across the nation

11.01 / 20:52

markets UPS Manufacturing economy country reports Chinese auto exports rose 64% in 2023, with strong push by EVs, as makers expanded overseas

An industry association reports that China’s auto exports surged 63.7% in 2023 while sales at home rose 4.2%

11.01 / 20:51

UPS Manufacturing economy Election pandemic Trade NOT Taiwan's election is shaped by economic realities, not just Beijing's threats to use force

Beijing's threat to use force to claim the self-governed island of Taiwan isn't just about missiles and warships

11.01 / 20:51

Cooper Aviat Manufacturing Airlines Boeing reports Investigations US is investigating if Boeing made sure a part that blew off a jet was made to design standards

Federal officials are investigating Boeing's oversight of production of a panel that blew off a jetliner in midflight last week

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