Manufacturing Financial News

SINGAPORE : Consumer prices in China fell for the second straight month, a deepening bout of deflation that shows Beijing’s efforts to reignite faltering growth are falling short. China’s top leaders telegraphed Friday that more support is coming for the economy, with pledges of new fiscal stimulus and supportive central-bank policy in the months ahead. Still, the Communist Party’s ruling Politburo signaled that stimulus will be measured rather than aggressive, reinforcing expectations for steady if unspectacular growth in 2024 as the economy grapples with a drawn-out property bust and a global backdrop darkened by war and slowdowns in the U.S.

India Bike Week (IBW) began December 8 in Vagator, Goa. Today is the second day and enthusiasts can snag a day pass for ₹2499 through the official IBW website. Organised by Seventy EMG with Gulf Syntrac, the festival has six tracks.

World Trade Organisation (WTO) data. WTO is an intergovernmental organisation that regulates and facilitates international trade. India has been a member of WTO since 1995.

₹750 to ₹790 per equity share of face value of ₹10. DOMS IPO lot size is 18 equity shares and in multiples of 18 equity shares thereafter.

SlateStone Wealth Chief Market Strategist Kenny Polcari discusses how the robust September jobs report could impact the Fed's inflation battle on 'Varney & Co.'

DCGI) has issued an advisory stating that pharmaceutical companies are required to strictly abide by conditions stated in their manufacturing licences and prescribed Good Manufacturing Practices (GMP) to ensure that the products meet parameters of quality, safety and efficacy. The DCGI's move comes a few days after ET reported that industrial excipients are used in manufacturing medicines and over 50 companies manufacturing cough syrups have failed quality tests. The World Health Organization (WHO) said in October last year that the deaths of dozens of children in Gambia from acute kidney injuries might be linked to contaminated cough and cold syrups made by an Indian drug manufacturer. «In order to ensure quality, safety and efficacy of drug formulation, it is of paramount importance that such formulations are manufactured in compliance with the prescribed standards not only in respect of API (active pharmaceutical ingredient) but also various excipients used for manufacturing of the formulations.

MUMBAI : The Nifty and Sensex scaled fresh record highs, driven by FPI buying, as RBI’s rate setting committee kept the repo rate unchanged but raised the economic growth forecast by 50 basis points to 7% from FY24. However, analysts remain divided on the near-term market prospects, with the Fed meeting next week being the only immediate trigger. The Nifty logged the longest winning streak in three years this Friday, hitting a fresh record of 21,006.10 while the Sensex surged to an all-time high of 69,893.80, falling shy of the 70,000 mark by just 106 points as FPIs net purchased shares worth a provisional ₹3,632.30 crore.

Mint. According to a report by the Confederation of Indian Alcoholic Beverage Companies (CIABC), the FTAs, particularly with the UK, will impact premium whisky companies in India. It said annual scotch whisky volumes has grown 40% in India from the previous year to eight million cases during January-June 2023.

Vladimir Putin has pitched for more use of national currencies in bilateral trade and called for ensuring smoother financial transactions between the two countries. The remarks by the Russian President were made at an event, Russia Calling, in Moscow, on Thursday. It may be recalled that Rupee-Ruble trade since the Ukraine conflict has faced obstacles due to accumulation of Rupees by the Russian side in India.

Swan Energy Ltd on Friday said a National Company Law Tribunal (NCLT) appointed monitoring committee has approved the reconstitution of the board of Reliance Naval and Engineering Ltd. In December 2022, the tribunal had approved Swan Energy’s ₹2,133 crore rescue plan for insolvent Reliance Naval. In Friday’s meeting, the committee approved the appointment of Nikhil Merchant as managing director and Paresh Merchant as executive director.

The U.S. labor market unexpectedly strengthened in November with pickups in employment and wages, deflating hopes for the Federal Reserve to cut interest rates early next year.

In November, nonfarm payrolls in the U.S. rose by a seasonally adjusted 199,000, surpassing the Dow Jones estimate of 190,000 and outpacing the October gain of 150,000.

rise of AI has sparked concerns among employees who perceive it as a potential job killer in various industries such as manufacturing and automation, transportation and logistics, healthcare, finance and banking, retail and e-commerce, customer service and support, agriculture, and legal services. According to a report by Goldman Sachs, there could be a loss of 300 million jobs due to AI.

fire broke out in Maharashtra. The blaze erupted around 3:00 pm on Friday afternoon at a candle-making factory in the Talawade area of Pimpri Chinchwad. "Six people have died, eight people injured in a fire incident in a candle-making factory.

RAYONG, Thailand—Ever since Nissan Motors started building cars in Thailand in the early 1960s, Japanese companies have been a driving force in the country’s rise as an auto manufacturing powerhouse. Now, Chinese competitors are moving in to bring it into the electric age. On the outskirts of Thailand’s carmaking capital, Rayong, not far from the industrial zones home to Japanese auto plants, China’s largest electric-vehicle maker, BYD, is developing what industry experts believe will be Thailand’s biggest car plant.

India is front and center of Apple’s plans to diversify production away from China. But shaky infrastructure isn’t the only obstacle. There is another crucial complicating factor: a powerful and independent labor movement.

₹1,000 crore over the next 18 months towards consolidating, building operational excellence, and growth through expansions, chairperson Nandini Piramal told Mint in an interview. “For the second half of the fiscal year, the company plans to deploy around ₹330 crore, focusing on revenue gain, operational excellence, and making the added brownfield capacities more productive," Piramal added. “And then probably on similar lines, ₹660 crore for the full fiscal year.

Nintendo has canceled an upcoming video game event and postponed several others because of persistent threats to the company, its workers and players

The CEO of chipmaker Nvidia views Malaysia as a potential hub for artificial intelligence “manufacturing.”

funding winter this week, with $108 million being pumped into across 12 rounds, according to data from market intelligence firm Tracxn. The week, however, recorded the largest fundraise for an India-based AI startup with a $41 million investment in Sarvam AI. Investment in startups fell 79% in the December 4-8 week, from $514 million across 38 funding rounds in the same period a year ago. Sequentially, however, funding activity saw a surge of 81%, compared to $59 million raised across 18 rounds, last week.

India has a two-to-three year window to capitalise on the global strategy of de-risking from China and the government must come up with a set of policies and programs that make doing business and shifting to India not just attractive but easier also, NITI Aayog vice chairman BVR Subrahmanyam said. “In the next 15 to 20 year time span, India has an opportunity in manufacturing. But the opportunity and the window for India is at best two to three years because supply chains are unwinding, becoming short term and looking for new geographies.