Manufacturing Financial News

Chinese automaker BYD plans to build a new electric vehicle plant in Hungary, its first car factory in Europe, as part of its rapid global expansion

The Biden administration released its highly anticipated proposal for doling out billions of dollars in tax credits to hydrogen producers Friday, in a massive effort to build out an industry that some hope can be a cleaner alternative to fossil fuel power

Engine manufacturer Cummins Inc. has agreed to pay an over $1.67 billion penalty to settle regulatory claims that the company unlawfully altered hundreds of thousands of pickup truck engines to bypass emissions tests

Mint’s Emerging Markets Tracker provides a summary of economic activity across 10 large emerging markets based on seven high-frequency indicators. With a composite score of 70, India topped the EM league table in November. Brazil and Mexico were second and third, respectively.

Bengaluru dominated office space absorption, but Chennai surprised everyone with over 2x growth and a record 10.5 million sq ft uptake, landing it in the top 3 for the first time, according to a report by Colliers India. Additionally, Bengaluru, Chennai, and Hyderabad registered the best performance since the COVID-19 pandemic. "Indian commercial real estate and office markets will continue to witness steady interest from domestic as well as foreign-origin occupiers.

The earnings growth of Nifty100 index in H1FY24 was 35%, while price performance was 15%, indicating undervaluation. We anticipate favorable returns on non-equity assets too, by taking low risk, including debt and commodities. High interest income and changes in monetary policy have improved the outlook for debt paper.

MOSCOW (Reuters) — Russia was short of around 4.8 million workers in 2023 and the problem will remain acute in 2024, the Izvestia newspaper reported on Sunday, citing experts and research from the Russian Academy of Science's Institute of Economics.

industry is driving into the new year aware of a lurking moderation in sales growth but ready to embrace green technologies, led by electric vehicles. Passenger vehicle sales are expected to cross 40 lakh units this year and prices are set to rise from January. Veteran industry leader and Maruti Suzuki India Chairman RC Bhargava said the sales are expected to moderate a bit next year compared to 2023.

Yogesh Patil, Chief Investment Officer -Equity at LIC Mutual Fund. In an interview with Mint, Patil talked about the market's performance in 2023 and the outlook. Edited excerpts: The government has already announced many measures such as production-linked incentives (PLI) to propel economic growth.

₹5,500 crore, on Friday, December 22. This marks the inaugural IPO from an Indian electric vehicle (EV) manufacturer and is notably the first IPO by a two-wheeler maker in India since the introduction of Bajaj Auto in 2008.

Click here to read the full report Apple has begun ramping up production of its Vision Pro mixed reality headsets at the company's facilities in China in recent weeks, with the goal of having customer-bound units ready by the end of January, while the headset could be launched in February, Bloomberg's Mark Gurnman noted in a recent report, citing sources. However, the report noted that last-minute production problems and other issues could derail the planned launch schedule.

Indian restaurant abroad, taken a bite and thought, “Wow, that’s really spicy!” This can just be the sharp contrast, if it’s in a country where the other food we’ve been eating has been bland. But Indian restaurants abroad can be surprisingly spicy, in ways we don’t expect with our home food. This is true of British curry houses, with their curries ranked by hotness, from mildKormas to medium-hot Madras, hotter Vindaloo and painfully hot Phaal (an invented term).

The year started on a negative note as the equity bulls were nearly thrashed out by the bears. But the bulls picked themselves up from the ground and the run that they began in March was simply unstoppable. This tug-of-war between the bulls and the bears on Dalal Street was influenced by a zillion factors that unfolded during the course of the year. In this special year-ender 2023 section, ETMarkets has tried and wrapped all of those events. So, let’s do a recap of all of those movers and shakers on D-Street. January Just when investors were grappling with a high inflation and interest rate situation, US-based Hindenburg Research on January 25, threw a fireball on D-Street through a 106-page report filled with allegations against the Adani Group. The short seller accused the group of financial forgery, corporate misgovernance, stock price rigging, and highly leveraged balance sheets.

Nitin Raheja, ED, Julius Baer Wealth Advisors, says “OMCs are short-term tactical plays and that is how we look at them. If in the next couple of months, before the election code comes into play, crude remains benign, then they will be good, in fact, for a good part of the next year. But fundamentally, the fact that they do not really have complete freedom and there is interference from the government and the ministry, means they can’t be long-term strategic compounders.” This year has been marked by the comeback of the oil and gas PSUs. What is your take on this because there was always a regulatory overhang which challenged the institutional investors not to participate in these stocks in a big way. Do you think some of those worries are getting abated now? Nitin Raheja: I do not think so. I do not see anything which has significantly changed from a regulatory perspective. These are good short-term tactical plays. OMCs are benefitting from the fact that crude has remained relatively benign, so they have not faced those pressures. If in the next couple of months, before the election code comes into play, crude remains benign, then they will be good, in fact, for a good part of the next year. But fundamentally, the fact that they do not really have complete freedom and there is interference from time to time from the government and the ministry do not make them long-term strategic compounders. They are good short-term plays that is how we look at it.

Ukrainian Defence Ministry has been apprehended on charges of embezzling USD 40 million (1.5 billion Ukrainian hryvnia) related to a contract for artillery shells, CNN reported the Ukrainian Security Service (SBU). The SBU alleged that the official, in December of the previous year, entered into an agreement with a specialised export company for the procurement of a substantial batch of artillery shells. Subsequently, a more advantageous contract for the supply of these shells, excluding intermediaries, thereby reducing delivery time and costs, was later signed with the same manufacturer, CNN reported. According to the SBU, the defence official extended the original, costlier contract, resulting in the transfer of funds amounting to USD 40 million to the accounts of a connected foreign intermediary firm. The SBU claimed that it is in possession of documents substantiating these illicit activities, with the accused facing a potential prison sentence of up to 15 years if proven guilty. The Ukrainian Ministry of Defence has initiated efforts to recover the misappropriated funds.

Santosh Kumar Singh, Fund Manager, Motilal Oswal AMC, says “I still find IT very attractive, I am very bullish on capital markets and I think that the biggest financialisation is going to get played through the capital markets. Also, health has been a place where the market has been very, very bearish for multiple reasons. I think it is a space which has got very high longevity. And at the same time, this is a space where the competitive edges of the company can stay for a very long period of time. So yes, those are the two spaces I am really liking.” Talk to us about the valuation of the market. What went through your mind when you were looking at the screen the day before yesterday? All of us thought that the much-awaited correction, cleansing of froth would happen. But we barely corrected for a day and everything came back? Santosh Kumar Singh: Yes, so see if I am looking at the market, it seems the valuation is inching closer to one standard deviation on the Nifty side, right. And that is where my view is. Above that, I do not see a re-rating. Above that, a lot of froth starts to pick in so I am not expecting it to go above that. That is where the EPS growth of the market comes into play. The EPS growth seems to be doing okay, around 13-14% EPS growth for the next couple of years. So the market may give that sort of return.

economic conflicts, such as worker strikes, have been on the wane, the vicious circle of low employability, leading to few jobs, mass unemployment and frustration, is now showing up in new forms of social conflict,” former RBI governor Raghuram Rajan and economist Rohit Lamba write in their new book Breaking The Mould. They cite the conflict over reservations in Manipur and the substance abuse problem among Punjab’s youth as examples of how these frustrations are being channelled.

ANI on Thursday, Smriti Irani was asked about the criticism she faced over her "menstruation not handicap" remark in Parliament last week. Irani said one of the questions asked to her in Parliament was about the LGBTQIA+ community.

Furthermore, in this article, we will discuss all the top 10 shortlisted laser lights with their effective specifications and valuable pros & cons. So, stick till the end to get all the precise information on each product.

Global NCAP conducts annual crash tests on several cars available in the Indian market. As reported by HT Auto, in the latest round of tests conducted in 2023, a notable achievement has been witnessed as five cars demonstrated exceptional safety performance. These vehicles not only met but surpassed the stringent safety standards set by Global NCAP, further emphasizing the industry's commitment to producing safer vehicles for the Indian market.

CBI inquiry into the alleged procurement and supply of «non-standard» drugs in Delhi government hospitals, Raj Niwas officials said on Saturday. When asked about the matter, Delhi Environment Minister Gopal Rai told that the government will come out with a detailed response. He also alleged that there is an attempt to obstruct the work of the government through such inquiries.