Manufacturing Financial News

By Khanh Vu

PTI. Liquor permits are granted to individuals by the health department only if the area medical board issues a certificate.

Tata Coffee: Tata Group company's Tata Coffee will complete the merger with Tata Consumer Products Ltd (TCPL), and Tata Beverages and Foods Ltd (TBFL) on Monday, the company said in its stock exchange filing on Thursday. Tata Coffee shares closed 1.33% higher at ₹308.15 per share on Thursday. J B Chemicals and Pharmaceuticals Ltd: JB Chemicals looks to continue its growth momentum, driven by the geographical expansion of legacy brands, scale-up in Sanzyme, Azmarda, and Razel franchises, MR productivity improvement, scale-up of contract manufacturing business and new product launches across markets.

diesel buses, more than a third of the total on roads, with electric ones over the next seven years. Apart from lowering vehicular emissions, this is also expected to catalyse investments in the electric vehicle (EV) ecosystem in the country. The replacement plan includes 200,000 electric buses for state transport undertakings (STUs), 550,000 for private operators, and 50,000 for schools and employee transportation by 2030, top government sources told ET. Designed to electrify the country's public transport systems, the plan is likely to replace the third leg of the Faster Adoption and Manufacturing Electric Vehicles (FAME) incentive programme and pitch India as a global manufacturing hub for EVs. To put the plan in context, about 138,000 electric buses were sold in China and 4,000 in Europe in 2022. «Replacing diesel buses with electric ones will not only address environmental concerns but also help create an ecosystem for electric vehicles,» said one of the persons cited above.

manufacturing and increasing exports to USD 500 billion by 2030 from 10-11 sectors, including automobiles, pharma, textiles, medical devices and chemicals, a senior official said on Thursday. These issues were discussed during a meeting called by the Commerce and Industry Ministry on Thursday. The meeting was convened by the Department of Promotion of Industry and Internal Trade (DPIIT) in collaboration with Invest India and SCALE (Steering Committee for Advancing Local Value-Add and Exports) Committee to unveil outcomes and recommendations made during the Chintan Shivir for Manufacturing, held on October 12 at Bharat Mandapam here.

Plane manufacturing giant Boeing (NYSE:BA) has urged airlines to inspect more recent 737 MAX aircraft for a possible loose bolt in the rudder control system, the Federal Aviation Administration (FAA) said.

New York court issued a pivotal directive against Alibaba, compelling the Chinese ecommerce giant to confront a lawsuit initiated by a U.S. toymaker. The lawsuit alleges that Alibaba's digital platforms played a role in facilitating the trade of counterfeit Squishmallows, the cherished plush toys manufactured by Kelly Toys Holdings. Judge Jesse Furman, overseeing proceedings at the Southern District Court of New York, rejected Alibaba's motion to dismiss the lawsuit filed by Kelly Toys Holdings, an affiliate of Jazwares, operating under the umbrella of Alleghany Corp., a part of Warren Buffett's Berkshire Hathaway conglomerate.

Germany, Britain and South Korea under its new electric vehicle (EV) policy, an Indian government trade official told reporters on Thursday. «Talks are underway and we aim to bring all countries on board,” the official said, without giving a timeline on the launch of the new policy. The official said the policy will also aim to benefit Indian carmakers. „It should be for everyone.“

Tesla will choose the state to set up a plant and informed communication was on with the firm in this regard. Patel was responding to queries based on news reports suggesting that the US-based electric vehicle maker was planning to set up a manufacturing plant in Gujarat. «The state government is very hopeful of Tesla coming to Gujarat. Even Elon Musk is looking at Gujarat as his first choice. Gujarat is in his mind ever since he began a survey in India to find a suitable location to set up the plant,» said Patel, who is health minister and spokesperson of the state government.

Strong consumer demand will help India retain its spot as the fastest-growing economy in 2024 despite global headwinds, industry body Associated Chambers of Commerce & Industry of India said Thursday. The chamber noted that consumer demand would likely drive investment in construction, hospitality, and infrastructure, including railways and aviation. “India Inc., led by financials, construction, hotels, aviation, automobile and other manufacturing areas like electronics, are on a strong pitch to further improve performance in the new year,” the body noted in a statement, pointing to low crude oil prices helping drive growth. Construction and infrastructure-related sectors have received a push, with the government capex spending rising so far in FY24. “Sectors like construction have several related industries which too have gained momentum.

₹ 401.7 crore show-cause notice from the Directorate General of GST Intelligence for delivery charges collected over two and a half years. The notice, dated 26 December, asks why Zomato shouldn't be liable for this tax amount, including interest and penalties, for the period from 29 October 2019 to 31 March 2022. Zomato, in a notification to stock exchanges on Thursday, refuted the claims, arguing that it was “not liable" to pay any tax on the delivery charges, as these are collected on behalf of delivery partners.

Women's Watch offers a wide range of stylish options. Both the Kate Spade New York Holland Watch and the Emporio Armani Gianni T-Bar Quartz Watch are elegant and modern, making them suitable for a variety of preferences and situations. Every trendsetting female watch has its style, whether it is the Stuhrling Original Womens Dive Watch's classic simplicity or the Swarovski Octea Nova Watch Swiss Made's elegant understatement.

Vietnam's Ho Chi Minh City to the Australian city of Melbourne, he did not imagine he would see. He got a strange sight out of the plane window that has baffled the social media users. He uploaded it on TikTok and it has been seen more than 14 million times since early December. It is believed that he caught footage of Vietnam’s dragon fruit farms, which are lit up at night to trigger flowering and fruiting and extend the growing season.

watches for women in 2023. From classic designs with leather straps to modern styles with stainless steel bands, there is something for every taste and budget.

Mazagon Dock Shipbuilders Ltd (MDSL) has been on an order-bagging spree of late. On 20 December the company signed a contract worth ₹1,600 crore with the Ministry of Defence – its third order win just this month. MDSL is among the key beneficiaries of indigenisation in the defence sector and its robust order prospects are attracting investors, causing its stock to jump 186% just this year.

A US$700-million investment barely burns a hole in Rio Tinto Ltd.’s pocket. The sum is less than five per cent of its 2022 annual income of roughly US$16 billion and isn’t supposed to dominate headlines from a financial perspective.

businesses ranging from world's largest single-location oil refining complex to nation's largest mobile network operators in just few years, billionaire Mukesh Ambani says his group Reliance Industries Ltd will never be complacent and will grow to be among the top 10 business conglomerates of the world. Addressing employees on Reliance Family Day — the birthday of the group's founder Dhirubhai Ambani, he said Reliance is now aiming to consolidate a place among global leaders in digital data platforms and AI adoption. «Today, the domestic and global environments for business are changing very fast. There is simply no room for complacency,» he said. «Reliance was never complacent in the past, and Reliance will never be complacent in future.»

Rishi Kohli, CIO - Hedge Fund Strategies at InCred Alternative Investments, told Mint that Nifty may hit the 25,000 level by the end of 2024. The market is witnessing tailwinds which can propel it to unprecedented levels.

BEIJING (Reuters) — China's manufacturing activity likely contracted for the third consecutive month, a Reuters poll showed on Thursday, weighed by soft demand for manufactured goods, a reading that would embolden calls for more policy support.

Budget 2024: What will the market look for in Vote on Account? Mint collated the views of 10 experts on what they expect from the upcoming Budget. Here's what they said: The Budget will largely be a non-event as it will be a Vote on Account and hence largely a report card with the election commission not permitting any major announcements on account of the ensuing general elections. That being said the fiscal numbers are likely to be in line with the budget estimates.

₹720 apiece on the National Stock Exchange (NSE), a premium of 37.40% to the issue price of ₹524 per share. On BSE, Azad Engineering shares began trading at ₹710.00 apiece, witnessing a premium of 35.50% to the issue price. Azad Engineering IPO received strong demand from investors across all categories as the public issue was subscribed 83.04 times in total.