Manufacturing Financial News

01.01 / 07:24

Manufacturing Merit blues reports Asian Paints gets tax demand of ₹13.83 crore, penalty of ₹1.38 cr from Tamil Nadu GST authority

₹13.83 crore tax demand, with a ₹1.38 crore penalty from the Deputy Commissioner of State Tax, Chennai, Tamil Nadu. "An order passed under relevant provisions of the Central Goods and Services Tax Act, 2017 and the corresponding provisions... demanding additional tax on outward supplies, disallowance on account of account of Input Tax Credit (ITC) mismatch between the purchases reported by the supplier in GT return and credit claimed by the company....," Asian Paints said.

01.01 / 07:22

Manufacturing Tesla President Chevrolet reports Department Western Anxiety About Chinese EVs Could Prove Self-Defeating

China hawks have the upper hand in the political battle over electric vehicles. They should be wary of overplaying it. The rules for getting a tax credit on EV purchases in the U.S.

01.01 / 05:46

Provident Manufacturing CEO Platform performer country beautiful HUL signals first steps to regain market share from small players

Hindustan Unilever (HUL), the largest fast-moving consumer goods (FMCG) manufacturer in the country, has recently revised its distributor margins. The company has shifted from a fixed margin model of 3.9%-3.3% to an increased variable margin in the 1-1.3% range across various distributor categories. This shift is an attempt to stimulate volumes and reduce distribution costs.

01.01 / 03:05

Manufacturing Stocks to Watch: Zomato, Vedanta, Torrent Power, Yes Bank, Reliance Power

Zomato: The company has received three orders from the sales tax officer, Delhi, and deputy commissioner, Bengaluru, alleging short payment of GST along with applicable interest and penalty under the Central Goods and Services Tax, totalling ₹4.24 crore. These orders are for financial year 2018.

01.01 / 03:05

Booking Manufacturing WhatsApp Experts recommendations Weekend Indian stock market: 6 things that changed for market over weekend - Gift Nifty, FPI buying to China’s factory activity

Asian markets are closed today. The US and most European markets will also remain closed today. Catch Live Market Updates here The domestic benchmark indices ended on Friday, the last trading day of 2023, on a negative note, snapping their five-day winning streak, on profit-booking in select heavyweights.

01.01 / 02:08

Digital Manufacturing Mobile economy Experts electronic information 2024 Predictions for 2024: A $4 trillion economy, creative philanthropy and boost in capital expenditure

inflation remains a worry. ET asked a galaxy of experts to make one prediction each for 2024, the early part of which will be dominated by the general elections. But it’s also a year when the Indian economy is set to cross the $4 trillion mark. Not too surprisingly, in our 24 Predictions For 2024, the most dominant theme was the impact of Artificial Intelligence on businesses and lives, but India’s economic potential figured as strongly.

01.01 / 01:30

Target Manufacturing Strategy Mobile economy concert electronic Evaluating multiple EoIs for OSATs, fabs, modernizing SCL: Rajeev Chandrasekhar

₹10,000 crore—more than $1 billion (about ₹8,300 crore) —and I don’t think we’ll need to take that figure up further. Will local electronics manufacturing in India need concerted efforts to create a component supply chain now, given that we’re assembling a sizeable amount? Even China, which controls 70-72% of the global value chains (GVCs), makes a value addition that is in the low two-digits. Even they, for exports exceeding $1 trillion, import $650-700 billion in components.

31.12 / 18:57

Digital Progressive Manufacturing track country electronic innovations 2024 Predictions for 2024: Hear this! Wearables are poised for a boom time

The year 2024 promises to be a breakout one for India’s hearables and wearables industry, a rapidly growing segment within Indian electronics. Driven by domestic adoption, this sector witnessed modest growth in 2023 and anticipates robust growth.

31.12 / 18:52

Manufacturing reports testing infection Reckitt's Mead Johnson Nutrition recalls baby formula powder from US -FDA

(Reuters) -Reckitt Benckiser Group's Mead Johnson Nutrition (MJN) is voluntarily recalling select batches of Nutramigen Powder from the U.S. market due to a possibility of contamination with Cronobacter sakazakii bacteria in product sampled outside the United States, the Food and Drug Administration said on Sunday.

31.12 / 18:52

Manufacturing economy Healthcare innovations 2024 Predictions for 2024: Space, AI & Medtech to see breakthroughs

technologies coming up. If you are looking at the growth of the Indian economy, and you want the economy to grow at a nonlinear pace, then you will have at least these three technologies on the cusp of momentous growth. The first big prediction for the next year is the growth in the space sector.

31.12 / 18:36

Cooper Aware Manufacturing BAY country 2020 reports India plans linkage to Bangladesh’s Matarbari port in regional connectivity push

New Delhi: India is considering proposals to connect Bangladesh’s strategically important Matarbari port to northeastern states, according to people aware of the matter. Bangladesh expects to boost exports once the country’s first deep sea port is built at Matarbari with assistance from Japan. The port will enhance exports to Southeast Asia, and other Asian markets, and improve its capability to handle cargo from international markets.

31.12 / 18:35

Cooper Manufacturing Strategy economy President country Geopolitics is leading us to fragmentation. Can it be stopped?

Geopolitical pressures and other non-economic factors have put the global economy on a path towards fragmentation. Beyond its inherent risks, this trend will not only have profound implications for economic stability and growth but also could jeopardize efforts to combat climate change. Heightened geopolitical tensions, especially the escalating rivalry between the United States and China, are the primary catalyst of fragmentation.

31.12 / 16:00

Target FIVE Reuters Manufacturing economy show country China Dec factory contraction deepens, more stimulus on the cards

By Liangping Gao and Kevin Yao

31.12 / 15:58

Manufacturing China's Li Auto expects to launch first fully electric EV in March

(Reuters) — China's Li Auto (NASDAQ:LI) Inc said on Sunday it expects to launch and begin deliveries of its first fully electric car in March.

31.12 / 15:35

Target FIVE Manufacturing economy country innovations New India no more tolerant to ‘let it be’ mindset: Defence Minister Rajnath Singh

Defence Minister Rajnath Singh on Sunday said that new India no more tolerant to ‘let it be’ mindset and believes firmly in ‘let's do it’ approach” Singh has said that the Government is developing a strong base of domestic defence industrial ecosystem to make India a strategic economy. Addressing the 21st convocation ceremony of Tezpur University on December 31, 2023 at Tezpur, Raksha Mantri said, the ministry is making all efforts to achieve the target of becoming self-reliant in the defence sector. Singh stressed that for the first time, the import of arms was restricted.

31.12 / 15:33

Manufacturing President show country CMAI expects India’s y-o-y apparel exports to UAE to increase by 10-15%

white label manufacturing for the global brands, now want to take Indian national and local brands to the international markets. The growing strength of home-grown brands, their capacity to offer international standards at reasonable rates than the international brands can help the Indian apparel industry achieve a higher share of the global apparel trade, thinks the Clothing Manufacturers' Association of India (CMAI). As a part of its efforts to take Indian brands to the international markets, CMAI had recently organised its first Brands of India exhibition in the UAE.

31.12 / 13:52

Target FIVE Manufacturing economy country India making defence ecosystem for self-reliance: Defence Minister Rajnath Singh

Rajnath Singh on Sunday said the government is developing a strong base of domestic defence industrial ecosystem to make the country a strategic economy. Addressing the 21st Convocation of Tezpur University here, Singh said his ministry is making all efforts to achieve the target of becoming self-reliant in the defence sector.

31.12 / 12:40

Manufacturing Google CEO Mobile country electronic testing 2024 With more local value additions, electronics manufacturing sector to be worth $115 bn in 2024

electronics manufacturing sector is set to grow 15 per cent to be worth USD 115 billion in 2024, with players continuing to focus more on higher levels of value addition in terms of components and development of products. The production of mobile phones, the poster boy of the country's electronics manufacturing, is expected to surpass USD 50 billion by March 2024 from around USD 42 billion in the previous financial year.

31.12 / 12:37

Progressive Aware Manufacturing reports Department British PM Rishi Sunak keen to clinch FTA with India by April: Report

Free Trade Agreement (FTA) with India in time for Easter, which falls at the end of March 2024, according to a UK media report. The India-UK FTA talks began in January last year, aimed at significantly enhancing the GBP 36-billion bilateral trading partnership. A new round of negotiations, expected to be the last, is set to start early in the new year after the thirteenth round concluded on December 15.

31.12 / 10:35

Provident Manufacturing CEO Platform economy Dreams Experts 2024 2024: Equity market set for eventful journey on Lok Sabha polls, interest rate trajectory

Indian equities are set for an eventful journey in 2024, with a slew of local and global cues — varying from interest rates to Lok Sabha polls to geopolitical happenings. Analysts are of the view that the bull run in the domestic equity market will continue, and over the next 3-6 months, the benchmark indices — Sensex and Nifty — could climb up to 7%.

31.12 / 08:59

Target Manufacturing Dreams Experts stage country reports Year-Ender 2023: Green energy stocks shine bright as India becomes global renewables leader; experts remain bullish

Renewable Energy Stocks: India's sun-drenched fields and windswept coasts are witnessing a silent revolution. Renewable energy capacity has crossed the 179.5 GW mark, making India the 4th largest player globally in both wind and solar power. This rapid green surge isn't just powering homes and industries; it's electrifying stock markets and driving India's ambitious climate goals, according to as the REN21 Renewables 2022 Global Status Report.

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