Manufacturing Financial News

Investing.com — U.S. futures edged higher Tuesday, struggling to maintain the recent rally as Fed officials attempt to rein in elevated levels of optimism of interest rate cuts next year.

Ministry of Electronics and Information Technology (MeitY) said on Tuesday. S Krishnan, Secretary Ministry of Electronics and Information Technology said that even at 15 per cent value addition, the employment potential is immense and the government is prepared to support this endeavour by the entrepreneurs. Speaking at the Merchants Chamber of Commerce and Industry here, Krishnan said «Electronics manufacturing in the country is an important part of the new policy of the government.

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₹100 crore via the issuance of fresh equity shares. The price band for the offer has been fixed at ₹95–100 per equity share, with a face value of ₹10 each. Also Read: RBZ Jewellers IPO opens today: Should you subscribe to the issue? RBZ Jewellers IPO has reserved not more than 50% of the shares in the public issue for qualified institutional buyers (QIB), not less than 15% for non-institutional Institutional Investors (NII), and not less than 35% of the offer is reserved for retail investors.

With all this talk of Goldilocks lately, you might think the economy is out of the woods.

Electric-vehicle startups were flying high just a few years ago. Now many are focused on survival. At least 18 EV and battery startups that went public in recent years were at risk of running out of cash by the end of 2024 as of their most recent filings, according to a Wall Street Journal analysis.

(Reuters) -Car companies with production facilities in the United States are bumping up pay for their non-union workers after the United Auto Workers (UAW) secured record wage hikes and benefits for union workers at the Detroit Three automakers.

Global NCAP, Bharat NCAP is poised to initiate its first round of vehicle testing from the specified date. Formally launched in August, it serves as India's independent vehicle assessment program. India joins the ranks of the United States, China, South Korea, and Japan as the fifth country globally to have its own domestic car crash test facility.

REC Ltd for working capital facilities. In a statement on Tuesday, Suzlon said the partnership is aimed at enhancing the company's capacity to meet its working capital needs, pivotal for executing its extensive current order book and prospective future projects. The renewable energy solutions provider anticipates that these facilities will accelerate its operational activities and optimize the use of its existing capacities.

TOKYO (Reuters) — Japan's government upgraded its view on business sentiment for the first time in two months in December as a central bank survey showed broad recovery in the corporate mood thanks to upbeat profits.

Inox India will likely debut on the exchanges on Thursday, December 21. Ahead of the debut, the company's shares are fetching a premium of Rs 520-540 in the unlisted market.

Coal India, with strong uptick in production, power producers as NTPC, capital goods major BHEL and many others have given strong returns. Also Read- PNC Infratech shares surge over 6% as company bags new hybrid annuity road project The Nifty realty Index has been the largest gainer. Analysts ta ICICI Securities have highlighted that concerns over rising mortgage rates impacting demand have been addressed by all companies under their coverage which clocked record residential sales bookings in FY23 (up 43% YoY in value terms) and momentum sustained in H1FY24 in spite of the absence of big-ticket launches by most developers.

₹10 per bag, showed a dealers’ channel check by Nomura Financial Advisory and Securities (India). One cement bag weighs 50 kg. The trade segment is where cement is sold by the manufacturer to the dealers.

By Anton Bridge and Makiko Yamazaki

By Marius Zaharia

₹1,008.59 crore from the IPO that will end on December 21. Let us check Happy Forgings IPO subscription status, GMP today and other key details: The ₹1,008.59 crore worth Happy Forgings IPO opened for subscription on December 19 and will close on December 21. The IPO comprises a fresh issue of equity shares worth ₹400 crore and an offer for sale (OFS) of 71.59 lakh shares.

hiring numbers in calendar year 2024 compared to the previous year, with manufacturing, automotive and BFSI leading hiring. According to the Taggd India Decoding Jobs 2024 report released on Tuesday, 60% companies plan to hire for hybrid roles in 2024 compared to 56% in 2023. Devashish Sharma, CEO of digital recruitment platform Taggd said, “Positive trends in hiring, especially in sectors like automotive, manufacturing, and BFSI, indicate a dynamic recovery.

Sales of construction equipment — a barometer of economic activity — is expected to grow in strong double-digits for the second straight year to a record this financial year spurred by increased government spending on infrastructure development, ahead of general elections next year, said three of the country's leading construction equipment makers. Sales of construction equipment have risen by nearly a fifth since April and are likely to close the year at 125,000-130,000 units, breaching the previous peak of 107,779 units in FY23, said Dimitrov Krishnan, head of Volvo CE India. Prior to this, construction equipment makers had reported record sales of 98,000 units in the pre-pandemic year of FY19. «Among major markets (for construction equipment), while North America is still growing, China is a big problem with sales declining 50% this year.

Nissan Motor Co. is expanding its research ties with a leading Chinese university as it and other foreign car companies try to claw back market share in the important Chinese market

Iran’s state TV says nearly 70% of the nation’s gas pumps are out of service after possible sabotage — a reference to cyberattacks

U.S. Steel, the Pittsburgh steel producer that played a key role in the nation’s industrialization, is being acquired by Nippon Steel in an all-cash deal valued at approximately $14.1 billion