Manufacturing Financial News

Introduction In a world dominated by fully automatic washing machines,Samsung 7kg semi-automatic washing machine models hold their own. These machines offer a unique blend of affordability, efficiency, and user control, making them a compelling choice for many households. Unlike their fully automatic counterparts,Samsung semi-auto washers require some manual intervention.

Hero MotoCorp, the world’s largest manufacturer of motorcycles and scooters, crossed ₹4,000 apiece in today's trade after six years. The last time the stock reached this level was in September 2017. Remarkably, the stock concluded eight out of the last nine months in positive territory, and November stood out with the highest monthly gain of 23.66%.

Empower India have given extraordinary returns to their investors in 2023 following the record high streak of the Indian market despite multiple headwinds such as the Russia-Ukraine war, the Israel-Hamas war, peak global inflation, rising crude prices, peak US 10-year yield, and consumption slowdown. However, continued foreign and domestic investor inflows, improving macros and the possibility of the incumbent government returning to power kept the markets resilient. Penny stock Hemang Resources proved to be resilient and gave massive returns.

Chief minister Yogi Adityanath on December 25 approved the draft Uttar Pradesh lift and accelerator bill, 2023, paving the way for new regulations on the matter. The CM issued a set of fresh directions to officials, instructing them to ensure «safety and proper maintenance of lifts and escalators installed in multi-storey buildings, especially at public places». As per the bill, it will be mandatory to install an auto rescue device in a lift/escalator mandatory so that in case of an outage or any other fault, passengers trapped inside reach the nearest landing, and the door opens automatically. Also mandatory will be emergency bells, CCTV cameras, adequate lighting and communication system in lifts and escalators mandatory for communications with people outside. «The safety of lifts is very important. For this purpose, it is necessary to strictly ensure adherence to prescribed procedures for construction, quality, built-in safety features, installation, operation and maintenance of lifts and escalators,» the CM instructed. Yogi's statement generated high interest in light of frequent reports of mishaps involving lifts in urban residential complexes, which have become regular occurrences in a number of apartments in places such as Noida. According to an official release, complaints are received about lifts and escalators installed in public places with high footfall, regarding their design as well as improper operation and maintenance . The CM regretted that at present there is no law in this regard in the state.

RBZ Jewellers will list on the exchanges on Wednesday. Ahead of the listing, the company's shares are commanding a premium of Rs 0 in the unlisted market. If we consider the upper price band of Rs 100, the stock is expected to see a lacklustre debut and it can even list at a discount. However, it is important to note that grey market premia are just an indicator as to how the company's shares are stacked up in the unlisted market and are subject to change rapidly. Also Read: Bumper Start! Motisons Jewellers shares list at 98% premium over issue price RBZ Jewellers IPO subscription The public offer of RBZ Jewellers was subscribed 16.72 times at close.

₹95,000 crore in investments were channeled through the PLI scheme in 2023, generating employment for about 640,000 individuals, according to a statement on Tuesday from the ministry's department for promotion of industry and internal trade (DPIIT). The ministry in 2023 approved 746 applications under the scheme, which targets 14 key sectors, including mobile manufacturing, telecom, pharmaceuticals, and the burgeoning drone industry. Overall, DPIIT said it is working with 24 sub-sectors, including furniture, aluminium, agrochemicals, robotics, and gym equipment, to promote domestic manufacturing, boost exports and reduce imports.

₹100 crore, which is a completely fresh issue. The company proposes to use the net proceeds from the fresh issue to fund additional working capital requirements and general corporate purposes. Also Read: IPOs this week: 6 new public issues to hit Dalal Street, 10 stocks to debut The company shares are set to make their stock market debut on Wednesday (December 27).

public markets since the start of 2023. We saw an approximate 10% drop in indices at the start of the year. This was followed by an epic rally, off the bottom, that was fuelled by multiple factors primarily because of FII buying.

₹89. AIK Pipes IPO lot size consists of 1,600 shares.

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Sunil Bohra, Group CFO & CEO, UNO Minda, says “we are expecting to build a land bank in each of the auto regions. We already bought around 86 acres of land in Pune, in Maharashtra, we are working to acquire land in Gujarat, in Haryana and also in Tamil Nadu. So overall, in addition to Rs 700-800 crore of capex, we might be spending somewhere around Rs 500 to 600 crore on land in next six to nine months.” Let us talk about the new plant that you are putting up because it is an entry into seat recliners for four-wheelers and the passenger vehicle space. What about the new products that you will start manufacturing there? What is the revenue potential that you foresee? Sunil Bohra: So, the new plant, which we have just commissioned in Gujarat, is for a mechanism for seat recliners, not even the full recliners. When we entered into a JV with Tachi-S, which is the global major in seating, PV seating, our endeavour was to move into seating business step by step. We already are present in the seating business through Harita seating, which we acquired two years back. We are already in two-wheeler seating, CV seating, off-road seating, but we are not in a big way in PV seating. So, that was the background for the joint venture with Tachi-S.

Vasu Naren, Chairman & Managing Director, Sona Machinery Limited, says SMEs have fared quite well with their IPOs due to the interest of investors to opt for emerging and non-conventional businesses that are backed by strong fundamentals and established track record of consistent financial performance. “They are perceived as having a lower risk on investments with a better performance, while giving good pricing and quality of offerings. Another crucial and deciding factor for SMEs is their proven business model, which is bundled with a clear understanding of their markets and customers, and a demonstrated ability to generate revenue with sustainable operations in the longer run,” he says. Sona Machinery Limited, a Ghaziabad-based agro-processing original equipment manufacturer, recently announced the filing of its draft red herring prospectus (DRHP) with NSE Emerge, the SME platform of the National Stock Exchange (NSE).

J B Chemicals & Pharmaceuticals with a target price of Rs 1800. The current market price of the stock is Rs 1593.15. J B Chemicals & Pharmaceuticals Ltd, incorporated in the year 1976, is a mid-cap company (having a market cap of Rs 24672.02 crore) operating in pharmaceuticals sector.

ownership dispute between Bharat Forge chairman & MD Baba Kalyani and his sister Sugandha Hiremath has reached a turning point at chemical company Hikal. After a shareholder vote, Baba's extensive 31-year tenure as a board member has come to an end. The cause of this change lies in the requirement for non-executive, non-independent directors, like Baba, to secure a certain percentage of votes for continued tenure.

₹426 to ₹448 per equity share of face value of ₹10. Innova Captab IPO lot size is 33 equity shares and in multiples of 33 equity shares thereafter.

electric vehicles (EVs) into the next financial year and is likely to seek additional resources in the interim budget to expand its corpus. With the third edition of the Faster Adoption and Manufacturing Electric Vehicles (FAME) scheme yet to get a nod from the finance ministry, possibilities are being explored to extend the current edition till a new supporting framework is put in place, sources aware of the details told ET. «Additional funds for FAME II can be sought in a vote on account,» said a person aware of the matter. The extension would not require multiple approvals as needed for a fresh scheme and will help maintain momentum in the market in the interim, he added. Next year's budget will be a vote on account as general elections are due in April-May.

Indian economy is likely to grow 6.7% in FY24, according to a median forecast of 11 economists, staying resilient despite external headwinds as domestic demand and improving investments provide support. Prospects have improved from a month ago, when an ET poll pegged the current fiscal year's expansion at 6.3%. However, the median is still short of the recent Reserve Bank of India (RBI) estimate.

RIL Reliance Industries Ltd (RIL) and Walt Disney Co signed a non-binding term sheet in London last week to move ahead with plans to create India’s largest media and entertainment business, ET reported. Aurobindo Pharma The US FDA conducted a pre-approval inspection (PAI) at a new injectable facility of Eugia US Manufacturing LLC (a step-down wholly owned subsidiary of Aurobindo Pharma). The inspection closed with 10 observations. Vedanta Vedanta arm Bharat Aluminium Co (BALCO) received Rs 84 crore GST demand from Bilaspur authorities for FY17-18 on account of various interpretational issues. Infosys A global company terminated the MOU for a $1.5 billion deal with Infosys.

RV stocks have been struggling to regain traction following the social-distancing craze that drove them to record highs. The problems were rising prices and an inventory glut compounded by high interest rates.

Guerilla 450 is anticipated to be a potential forthcoming roadster derived from the new 450 platform, promising an enjoyable riding experience. The compact, liquid-cooled engine boasts high performance, making it particularly engaging on a lighter motorcycle. There's also speculation about a potential variation of the Himalayan featuring a distinct color scheme, although this is mere speculation as Royal Enfield has not officially confirmed these details.

₹2,630.93 crore, with operating loss at ₹1,100 crore. In the first quarter of this financial year, the company’s operating loss was at ₹182 crore. Ola Electric is looking to raise ₹5,500 crore via a fresh issue of 95,191,195 equity shares in its IPO, targeting a valuation of $7-8 billion (about ₹62,000 crore) in early 2024.