Manufacturing Financial News

-Name withheld on request The markets will now gain a lot of confidence from the state election results, which overwhelmingly confirm the continuity of the government in the 2024 elections as well. India is today one of the fastest-growing economies in the world, as most macro data suggests. Therefore, this win strengthens expectations of the continuity of policy reforms that can drive growth higher.

Huawei Technologies Co.’s Mate 60 Pro smartphone shows “significant progress” in China’s domestic design and engineering of radio-frequency chips, according to the latest findings from research firm TechInsights. The Shenzhen-based company’s handsets include RF switches from Maxscend Microelectronics Co. and power-amplification modules from Beijing OnMicro Electronics Co., components most commonly provided by US suppliers Skyworks Solutions Inc. and Qorvo Inc., respectively. The architecture “is tailored for the Chinese industry” and suggests there was design collaboration between Huawei and its suppliers, TechInsights said in a post on Monday.

BSE Sensex. The largest fund, GQG Partners Emerging Markets Equity Fund, bought JSW Energy Ltd., Patanjali Foods Ltd., Macrotech Developers Ltd., Max Healthcare Institute Ltd. and IDFC First Bank Ltd.

Stellantis India on Monday said it has appointed Aditya Jairaj as CEO and Managing Director of the company with effect from Jan 1, 2024. Jairaj, currently Deputy Managing Director, Stellantis India and Head — Jeep India, will succeed Roland Bouchara, who will be assigned to another function in Europe after six and a half years of leading Stellantis in India, the company said in a statement.

Orchid Pharma (ORCD) rising another 23 percent in the next 12 months. The brokerage has initiated coverage on the stock with a ‘buy’ call and a target price of ₹800. ORCD is poised for robust growth in the next three years under the leadership of the new management, Dhanuka Group, effectively implementing a turnaround strategy and capitalising on ORCD's strengths in Cephalosporin APIs.

Two-wheeler manufacturer Royal Enfield has opened its first warehouse in the eastern region to cater to the needs for spare parts, a spokesperson of the company said on Monday. With the establishment of the warehouse near Kolkata, the transit time for the supply of motorcycle parts will reduce significantly and also help develop channel partners.

Respondents to a survey by EdelGive Foundation say the representation of women in corporate leadership is not progressing at a pace that can drive transformative change. The survey — A Study on Pathways to Leadership for Women in Finance and Economics — covered 60 people from corporate, development and academic sectors, with over 95% being women in leadership roles. Highlighting the slow progress in women’s leadership roles in India, the survey notes that 100 of 2,000 (5%) companies listed on the National Stock Exchange have women CEOs. It quotes the differences across sectors mentioned in the Global Gender Gap study. In 2022, the development sector had the highest proportion (47%) of women in senior levels, while the manufacturing sector had a much lower percentage of women leaders (19%). The year 2023 saw the healthcare sector with the highest percentage (50%) of women in senior-level leadership. Manufacturing sector had 25%. In the midst of this, the finance and economics sectors have shown incremental progress, with representation rising from 22% to 24% between 2019 and 2021. Key findings

Vote on Account rather than a full Budget ahead of the General Elections in 2024, there is widespread optimism that the government will prioritise fiscal prudence while unveiling initiatives aimed at fostering economic growth. The full Budget for the next fiscal year, that is, FY25 will be presented in July after the formation of the new government post the General Elections. It is unlikely that the government will make big-bang announcements in the Budget on February 1.

The current GMP is around Rs 465, compared with an issue price of Rs 790. The shares have been in heavy demand in the unlisted market since the announcement of the IPO launch. DOMS IPO comprises a fresh equity issue worth Rs 350 crore with an offer for sale (OFS) of Rs 850 crore.

drugscontrol.org. 1. Nimesulide + Paracetamol Dispersible Tablet 2.

A joint initiative from the United States and United Arab Emirates is announcing an additional $9 billion of funding to tackle agriculture’s role in the climate crisis

The future of fossil fuels that are warming the planet are at the core of negotiations at the United Nations climate summit in Dubai

₹72. The Presstonic IPO lot size is 1,600 shares.

Ministry of Road Transport and Highways (MoRTH) has issued a new notification mandating that all trucks manufactured after October 2025 must be equipped with AC cabins for drivers. The gazette notification, issued on Friday evening, will apply to trucks in the N2 and N3 categories.

Maldives has reported contamination in Pakistsyrups and suspension medicines, Dawn reported. The report prompted the World Health Organisation (WHO) to issue an alert urging countries to step up vigilance and test products manufactured by a Lahore-based pharmaceutical company, according to Dawn.

Indian carmakers have rolled out more sports utility vehicles than all other types of passenger vehicles combined in the last two years and the trend is likely to continue with many new SUVs proving instant hits. The number of SUV launches hit a new high this calendar year at 108, reaching the three-figure mark for the first time. In the overall passenger vehicle segment, though, there have been fewer launches in 2023 than in the pre-pandemic 2019 with hatchbacks and sedans taking a hit, data collated by automotive market research firm Jato Dynamics shows. Only 47 new sedan models hit the road this year (till October end) against 62 in 2019 while the number of hatchback launches more than halved to 21 from 48. The increased focus on SUVs reflects a major shift in the Indian passenger car market in the last few years.

AAP leader Sanjay Singh on Saturday urged a court here to release him, saying no purpose will be served by keeping him in further custody in a money laundering case related to the alleged Delhi excise scam. Singh's counsel made the submission before Special Judge M K Nagpal during the hearing of his bail application.

electrification drive in India's transport sector one of the most significant opportunities, US Special Envoy on Climate Change John Kerry on Saturday said the quicker India pursues this initiative, the more it mitigates greenhouse gas emissions, leading to a reduction in pollution and enhancement of the country's overall security. Kerry said embracing rapid electrification not only aligns with environmental goals but also contributes to a cleaner, more sustainable, and secure future for the country.

desired outcomes such as localisation of medical technologies, bulk drugs, electronics, and specialty steel among others, top government officials said Saturday. Addressing a session during 96th Annual Convention of the Federation of Indian Chambers of Commerce & Industry (FICCI), IT secretary, S Krishnan also said that the Digital Personal Data Protection (DPDP) rules will be ready in a few weeks. “The DPDP Act balances the need for regulation, and personal data being secure against the need for innovation.

₹72. The presstonic IPO lot size is 1,600 shares.

₹290 crore. The massive cash recovered from multiple spots has made the ongoing raid as the “highest-ever" black money haul by any agency in a single operation, reported PTI citing official sources. The tax department has deployed about 40 large and small machines to count currency notes and brought in more department and bank staffers to finish counting process.