Manufacturing Financial News

FINER) will hold Northeast Renewable Energy & Electric Vehicle Expo-2024. Scheduled from the 19th to the 21st of January 2024, the event will take place at the Sarusajai Stadium in Guwahati, Assam. FINER said the Northeast Renewable Energy & Electric Vehicle Expo-2024 will serve as a significant platform strategically designed to highlight and showcase the latest advancements and innovations in the field of renewable energy and electric vehicles. Featuring more than 100 stalls, the exposition promises to showcase cutting-edge technologies, products, and services in renewable energy and electric vehicles, providing a comprehensive display of transformative technologies, from solar panels to electric vehicles and charging infrastructure. The expo will bring together manufacturers, developers, and service providers to showcase technologies, products, and services related to renewable energy and electric vehicles.

Washing Machine, while a reliable workhorse, is facing tough competition from a range of top load alternatives that cater to those seeking a more tailored solution for their laundry needs. These smaller models not only promise efficiency but also boast features that cater to the evolving needs of modern households. Beyond the realms of Samsung, various other top brands have stepped into the arena, offering their own compact washing solutions that aim to redefine the laundry experience.

₹1.15 lakh per year. In real terms (adjusted for higher prices of goods and services), that is 6.7% higher than in 2019-20, the last pre-covid year. After the steep decline in incomes in absolute terms in the covid years of 2020-21 and 2021-22, all states staged a recovery in 2022-23, as areas emerged from lockdown, and consumers opened their wallets.

IPO, which will be launched later this month. The SME IPO will include a fresh equity issue of 41 lakh shares. Beeline Capital Advisors is the book-running lead manager, and Skyline Financial Services is the registrar of the issue. The Mumbai-headquartered EPC contractor specialises in delivering full-scale project management, procurement support and comprehensive engineering services for various electrical infrastructure, instrumentation, and automation projects across India and abroad. Its services are applicable in several manufacturing industries, such as oil & gas, refinery, steel, cement, pharmaceuticals, textiles, hospitals, and health care, both domestically and internationally. Konstelec Engineers has a strong order book of over 50 major projects worth around Rs 565 crore in order value that are in various phases of implementation. The company’s ongoing projects include electrical, construction power work and instrumentation work for leading corporates such as JSW Vijayanagar Metallics Ltd, Rajasthan Refinery Project, HRRL Pachpadra, Mangalore Terminal Expansion Project, Karnataka State and Benue Cement Plant in Nigeria. The company counts leading corporate conglomerates, including Reliance Industries, Engineers India, JSW Steel, Indian Oil, BPCL, among others as its clientele. Majority of the funds raised will be used to meet the working capital expenses for procuring high-quality products for its long-term projects and to provide collateral security to various clients. «Our robust order book and long-standing client relationships demonstrate our dedication to delivering high-quality, safe and innovative solutions,» said Biharilal Ravilal Shah, chairman and managing director of Konstelec Engineers. In

Southern Petrochemical Industries Corporation Ltd (SPIC Ltd) on Monday said it will invest Rs 1,900 crore in Tamil Nadu over the next two years following a memorandum signed with the state government as part of the Global Investors Meet (GIM) in Chennai. The investment would be made across SPIC Ltd, Greenstar Fertilizers Ltd, and Tuticorin Alkali Chemicals and Fertilizers Ltd, the company said in a statement.

Farm Equipment manufacturer TAFE Ltd on Monday signed a memorandum of understanding with the Tamil Nadu government to invest Rs 500 crore in the state. The investments would be utilised for taking up expansion of the Chennai-headquartered company's farm equipment division besides enhancing its manufacturing facility for the assembly and exports of 'Silent Generators', the company said.

Can Indian inflation fall below 4% and economic growth remain strong in 2024? Here's what experts say "Some base effects should also help pull down inflation in the clothing and footwear, and miscellaneous categories. Households' near-term (three months ahead) inflation expectations also have declined, though one-year ahead expectations have risen. Input and output price PMIs for the manufacturing sector for December also remain contained," Barclays said.

LONDON (Reuters) -Boeing shares listed in Frankfurt fell almost 8% early on Monday after the U.S. Federal Aviation Administration ordered the temporary grounding of some Boeing (NYSE:BA) 737 MAX 9 jets.

Investing.com — European stock markets traded in a mixed fashion Monday, with risk appetite subdued at the start of a week that includes the release of key inflation data from the U.S., Japan and China. 

Boeing 737 Max 9 plane still in the climbing phase, according to various media reports. An unused emergency exit door blew out, causing a significant loss of cabin pressure and resulting in a gaping hole in the fuselage. Fortunately, the passengers escaped serious harm as the aircraft was at a relatively low altitude of around 16,300 feet, revealed a BBC report.

Hyundai Motor India Ltd on Monday said it will invest Rs 6,180 crore on various initiatives, including establishing a hydrogen resource centre, in Tamil Nadu. The fresh investment by the automaker is in addition to the Rs 20,000 crore it plans to deploy over a period of ten years (2023- 2032) to augment its efforts in electric vehicle manufacturing, charging infrastructure and skill development. The company inked an MoU with the state government regarding the new investment during the Tamil Nadu Global Investors Meet 2024.

Also read- MSCI EM Index: India surges to second place; weightage likely to cross 20% by mid-2024 The third quarter witnessed healthy demand across the segments, as volumes are expected to grow 18% YoY, said analysts at Motilal Oswal Financial Services in their preview report. The two wheelers outperformed other segments and are likely to rise 20% YoY while volumes for three wheelers, passenger vehicles, and commercial vehicles are likely to improve 15%, 12%, and 3% YoY, respectively, while the same should decline 4% YoY for tractors, as per MOFSL estimates.

Chambal Fertilisers buyback: The board of directors of Chambal Fertilisers and Chemicals Ltd is going to consider and approve the proposal for the buyback of shares. The company board will discuss the bonus issue proposal in its meeting scheduled on 8th January 2024 i.e.

Boeing 737 Max 9 aircraft sees window blowout on Alaska Airlines. Top 10 Updates Alaska Airlines on Saturday said it will ground its entire fleet of Boeing Co. 737 Max-9 aircraft temporarily.

₹4,600 per equity share. The previous Bajaj Auto share buyback size was ₹2,500 crore done through the open market route.

By Valerie Insinna and Tim Hepher

Here is your Pro Recap of the top takeaways from Wall Street analysts for the past week: upgrades for Verizon and GM; downgrades for Apple and PayPal.

In the last year, Suzlon Energy's shares have rallied 277% while Benchmark Sensex gained 19%. The company is now debt-free and generating cash. Chief executive officer, J P Chalasani tells ET the company wants to insulate itself from being a cyclical organisation and build an annuity business model through its services business. Edited excerpts: Suzlon's shares rallied in the past year. What do you attribute this to? The answer is investor confidence.

(Reuters) — A piece of fuselage tore off the left side of an Alaska Airlines-operated Boeing (NYSE:BA) 737 MAX 9 jet as it climbed following takeoff from Portland, Oregon, en route to Ontario, California, forcing pilots to turn back and land safely with all 171 passengers and six crew on board.

electric vehicle facility in Tamil Nadu. The automaker, eyeing to break into the world’s third-largest automobile market, confirmed its commitment to invest $2 billion in the state. The company has earmarked an initial investment of $500 million, the EV giant said in a statement, for the first phase of the project, spanning five years from the commencement date.

₹50 trillion for the first time in November last year. Many factors have contributed to it. The pace of new orders has been slower than in previous months.