Manufacturing Financial News

23.12 / 08:17

IPO Booking Manufacturing Experts recommendations Happy Forgings IPO: Check, GMP, refund, demat transfer, listing and other details

Happy Forgings IPO timeline After the allotment gets finalised, investors can expect the transfer of shares in their demat accounts on December 26, Tuesday. For those who did not get allotment, the refunds are likely to be made by Tuesday.

23.12 / 08:09

Provident Manufacturing Mobile Experts exclusive information Customer Jeep India rolls out ChatGPT powered customer service - ‘Jeep Expert’ to offer 24/7 assistance

Chatbot serves the purpose of sparing users from the hassle of sifting through user manuals and brochures to find basic information. Any user who is registered on the Jeeplife mobile app can effortlessly interact with the Jeep Expert application. The notable features of the Jeep Expert include round-the-clock customer support, addressing inquiries related to the brand, product features, basic off-roading capabilities, service advice, user manuals, connectivity features, and more.

23.12 / 07:11

IPO Manufacturing Experts band track recommendations Azad Engineering IPO allotment soon. Check date, GMP and other details

The IPO of Azad Engineering was subscribed 80.6 times on the last day of the bidding process. The category reserved for QIB was subscribed the most at 179 times, followed by NIIs at 87 times.

23.12 / 07:10

Manufacturing Fighting Micron country voice exclusive testing China’s semiconductor situation dictated by their foreign policy: Chris Miller, author of Chip Wars

Chris Miller, author of Chip War: The Fight for the World's Most Critical Technology, a geopolitical history of the computer chip, is one of the global voices on the Chip industry ecosystem. Miller who also serves as Associate Professor of International History at the Fletcher School, where his research focuses on technology, geopolitics, economics, international affairs, and Russia, in an exclusive interview with ET Online Miller explains how ‘Chip Wars’ became real and India’s role in the semiconductor ecosystem.

23.12 / 05:22

IPO Manufacturing Ola IPO: Bumpy road or a smooth ride ahead for investors?

Ola IPO: Ola Electric, the Indian electric vehicle frontrunner, is revving up for its highly anticipated Initial Public Offering (IPO). However, the road ahead for investors isn't entirely clear.

23.12 / 03:05

IPO Target Manufacturing Mobile Citigroup band reports Ola Electric IPO: Founder Bhavish Aggarwal to sell 47.4 million shares

Ola Electric, is set to sell around 47.4 million shares in the SoftBank Group-backed e-scooter maker, as per the company's preliminary draft papers filed with SEBI on December 22. The proposed issue includes a fresh equity share release of up to ₹5,500 crore and an offer for sale (OFS) of 95,191,195 equity shares at a face value of ₹10.

22.12 / 20:33

Provident Digital Manufacturing Google Mobile Align awards Plan in works to recognise skill certification of MNCs, top companies

international standards. While Microsoft, IBM, HCL Tech and the Confederation of Indian Industry (CII) have come on board, talks are on with Google, Meta, Cisco and various sector leaders, a senior government official told ET. «The plan is to have at least 10 international awarding bodies in the next two months and double this to 20 by July 2024,» the official said. The National Council for Vocational Education and Training (NCVET), under the government's Skill India Mission driven by the Ministry of Skills Development and Entrepreneurship, would provide the recognition to these entities. Officials said government recognition would lend credibility to the certification given by private entities and enable greater mobility for employees.

22.12 / 18:23

FIVE Manufacturing Healthcare Experts 2020 FPIs’ monthly investments hit 3-yr high in Dec

₹57,313 crore in Indian shares in the month through 21 December, according to depository data. This is the highest inflow in any month since they pumped in ₹62,016 crore in December 2020, the record for any month.

22.12 / 17:16

IPO Manufacturing Enterprise band week Akanksha Power and Infra IPO opens next week; price band set at ₹52-55 apiece

Akanksha Power and Infrastructure IPO: The initial public offering (IPO) of small and medium-sized enterprises (SME) Akanksha Power and Infrastructure opens for subscription on Wednesday, on December 27, 2023 and closes on December 29, 2023. The public issue's price band is set at ₹52 to ₹55 per share.

22.12 / 16:41

IPO Manufacturing CEO Citigroup Ola Electric IPO: Issue details, objectives & more; check 10 key things to know from DRHP

Ola Electric IPO: SoftBank Group-backed e-scooter maker Ola Electric filed its preliminary draft papers on Friday, December 22, with capital markets regulator Securities and Exchange Board of India (SEBI) to raise ₹5,500 crore through an initial public offering (IPO). This will be the first IPO by an Indian electric vehicle (EV) maker and also the first by a two-wheeler maker in India since the debut of Bajaj Auto in 2008.

22.12 / 15:43

Manufacturing Nov Lexus cover Inside Toyota recalls in 2023: Which models are affected? Check here

Toyota has issued recalls for a total of nearly 2.5 million vehicles in 2023, citing various defects that pose safety risks. The latest recall, affecting 1 million vehicles, stems from a defect that may hinder airbags from deploying, raising concerns about passenger safety. Affected customers are expected to be notified by mid-February 2024. To check if their vehicles are part of the recall, customers can visit toyota.com/recall and enter their vehicle identification number.

22.12 / 15:00

Provident Aviat Aware Manufacturing Airlines economy Boeing Air India set to induct first of long-haul A350s

NEW DELHI : Tata Group-backed Air India is set to induct the first of the 470 aircraft it had ordered, with the Airbus A350 expected to arrive at Delhi airport Saturday morning, people aware of the development told Mint. Air India received regulatory approvals for engineering line maintenance of the A350 aircraft from the Directorate General of Civil Aviation earlier this month. “The aircraft will be put into commercial domestic flight operations for metro-to-metro connectivity by the end of January as it will take at least 3-4 weeks since its arrival in India to complete extensive checks and approvals," an Air India official said.

22.12 / 13:35

IPO Manufacturing Experts performer stage testing Transformers and Rectifiers share price zooms nearly 20% to hit all-time high; what's behind the rally?

Transformers & Rectifiers India (TRIL), one of the leading manufacturers of transformers, have skyrocketed 19.6% in today's trade to record a new lifetime high of ₹226 apiece. This impressive rally was attributed to the company's successful completion of a dynamic short circuit on 105 MVA Transformer. “Transformers and Rectifiers has successfully completed the most stringent ‘Dynamic Short Circuit Test’ on 105 MVA, 400/√3/220/√3/33 kV class single phase auto transformer, forming a bank of 315 MVA.

22.12 / 13:14

Provident Manufacturing Compilation Remark performer cover recommendations Best room heaters priced between ₹1,000 - ₹2,000: Our top 10 picks

₹1000 to ₹2000. These reasonably priced heating choices also referred to as "economic heaters," have become more well-known as economical alternatives to more expensive types. These budget heaters stand out among the top room heater prices under ₹2000 because of their excellent cost-effectiveness and efficiency balance.

22.12 / 12:14

IPO Manufacturing Experts recommendations 2024 SBI, Hero MotoCorp, L&T, Coal India among top 14 picks of Motilal Oswal Broking for 2024

Hero MotoCorp, Spandana Sphoorty, Larsen & Toubro, Dalmia Bharat, Tata Consumer, Syrma, Coal India, Prestige, Zomato, L&T Technology Services (LTTS) , Oil India, Sun Pharmaceutical, Kajaria Ceramics stand among top 14 picks of Motilal Oswal Broking and Distribution for 2024. The Brokerage expects India market outperformance to continue during 2024 led by strong macro and micro fundamentals.

22.12 / 11:31

Manufacturing Platform Strategy outbreak innovations How Beyond Snack is transforming the snacking landscape

Establishing consumption habits: Traditionally, consumers selected banana chips based on trust in specific vendors or the visual appeal perceived through transparent packaging. Beyond Snack recognised the drawbacks of this approach—uncertain product quality, manufacturing processes, and cooking methods— limiting banana chips to occasional consumption.

22.12 / 10:44

Digital Progressive Manufacturing CEO Align electronic information Axis MF accumulates over ₹3,400 crores via Manufacturing Fund NFO. Details here

₹3,400 crores in the Axis India Manufacturing Fund. This thematic fund was introduced to deliver long-term capital appreciation through investments in equity and equity-related securities of companies aligned with the manufacturing theme. From December 01 to December 15, 2023, this new fund offer (NFO) witnessed strong engagement from various investor segments across more than 500 locations in India, accumulating nearly 1,50,000 applications.

22.12 / 09:56

Provident Manufacturing country social reports prevention guidelines Japan prepares for missile shipments after easing arms export restrictions

Japan said on Friday it would prepare to ship Patriot air defence missiles to the United States after revising its arms export guidelines earlier that day, in the pacifist nation's first major overhaul of such export curbs in nine years. The announcement comes as Japan, which had long adopted a stance of not allowing exports of deadly weapons, seeks to boost its defence industry amid an increasingly tense security environment in the Indo-Pacific. «This holds significant meaning in terms of further strengthening the Japan-U.S. alliance.

22.12 / 08:54

Target Manufacturing Strategy economy Experts electronic consequences 2024 budget 2024 Budget 2024: Govt to keep infra development, manufacturing in focus, says Sonam Udasi of Tata Mutual Fund

Sonam Udasi, Senior Fund Manager at Tata Mutual Fund expects the Budget 2024 to continue on its stated path of fiscal deficit targets. Moreover, Udasi does not expect a populist budget ahead of the General Elections 2024. In an interview with Mint, Udasi shared his views on markets and the rise of retail investors.

22.12 / 08:47

Manufacturing Remark country reports Department fall Polycab India shares fall over 5% on reports of Income Tax Department raids at 50 company locations

Polycab India declined over 5 percent in intra-day deals on Friday following searches conducted by the Income Tax Department's investigation wing at nearly 50 locations connected to the company across the country. Reports indicate that residences and offices of top management associated with the cables and wire manufacturer were also subject to raids. The specific reasons behind the Income Tax Department's searches and the nature of the investigation remain unclear at this point.

22.12 / 08:00

Booking Manufacturing Remark Pinnacle reports How India's largest carmaker, Maruti, claimed the throne of the top SUV maker

Maruti Suzuki has swiftly emerged as the leading SUV manufacturer, surpassing its initial goal set in 2022. With an ambitious plan to capture the numero uno spot in the SUV market by the end of FY 2023-2024, Maruti Suzuki not only met but exceeded expectations, doubling its overall SUV market share from 10.5 percent in 2022 to an impressive 23 percent, a TOI report stated. The surge in demand for MSIL's SUVs has been nothing short of extraordinary, with SUV sales now constituting over 49 percent of the company's overall demand.

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