Manufacturing Financial News

05.12 / 17:19

Manufacturing economy Remark Enterprise Moodys country 2020 Moody's cuts China credit outlook to negative, cites slowing economic growth, property crisis

Credit rating agency Moody’s has downgraded its outlook for Chinese sovereign bonds to negative, citing risks from a slowing economy and a crisis in its property sector

05.12 / 17:19

Manufacturing economy Bitcoin KeyCorp show track reports economic data Stock market today: Wall Street hangs near its best level in 20 months following mixed economic data

Wall Street is hanging near its 20-month high after a mixed set of reports kept questions alive about whether the U.S. economy can pull off a perfect landing that kills high inflation and avoids a recession

05.12 / 15:47

Manufacturing Parke Nio unit, state owned firm wins bid for JAC assets

Anhui Jianghuai Automobile (JAC) announced Tuesday that Nio’s (NIO) Anhui division and a state-owned entity under the Hefei government of China successfully secured assets from JAC valued at a total of 4.58 billion yuan ($641.2 million).

05.12 / 15:21

Manufacturing Healthcare President electronic CoreEL Technologies secures $16 million in maiden funding round from 360 ONE

₹133.4 crore) in a Series A funding round from 360 ONE Asset Management Ltd (formerly IIFL Asset Management Ltd). The funds will be used for research and development (R&D), product expansion and increasing manufacturing capacity. This is the firms's first funding round.

05.12 / 14:19

Manufacturing Enterprise President electronic 2020 CoreEL Technologies raises $16 million from 360 One Asset

360 One Asset Management, formerly known as IIFL Asset Management, on Tuesday said it will invest $16 million in CoreEL Technologies. The funds will be used to accelerate CoreEL’s growth plans including research and development, new products development and augmenting manufacturing capacity, it said in a statement.

05.12 / 14:07

Provident Manufacturing social fall Your Money: Don’t fall for the marketing spiel

People usually do not buy good investment products, but buy stories and packaging. If the provider says “it is a good equity fund” it may not attract people. If they say “it is an equity fund run on a proprietary model back-tested for adverse market conditions with an objective of generating superior alpha” it sounds attractive. Since a market has been created by people, expecting stories and taglines, manufacturers have come forward to fulfil that space.

05.12 / 14:03

Manufacturing Action economy show track country moody’s China credit outlook cut to negative by Moody’s

Moody’s Investors Service cut its outlook for Chinese sovereign bonds to negative, underscoring deepening global concerns about the level of debt in the world’s second-largest economy.

05.12 / 13:55

Manufacturing CEO Remark information Adani Group-owned Ambuja Cement shares jump 7% after Sanghi Industries acquisition

₹510.40 on NSE on Monday’s trading session after the company informed the completion of the acquisition of Sanghi Industries Limited (SIL) on December 5, in an exchange filing to Indian bourses. Meanwhile, the share price of Sanghi Industries hit 5% upper circuit, traded at ₹129.90 per share on Monday. ACL has secured a commanding 54.51% stake in SIL, emphasizing its dedication to harnessing operational synergies from this acquisition.

05.12 / 13:55

Target Booking Manufacturing economy information recommendations Multibagger Pitti Engineering likely to see another 30% rise, says Axis Securities – key reasons

Pitti Engineering (PEL) surging another 30 percent going ahead. The brokerage has initiated coverage on the stock with a ‘buy’ call and a target price of ₹915, implying a potential upside of 31 percent. The recommendation is supported by key factors: a.

05.12 / 12:47

Manufacturing Action economy show track country moody’s Moody’s cuts China credit outlook to negative on rising debt

Moody’s Investors Service cut its outlook for Chinese sovereign bonds to negative, underscoring deepening global concerns about the level of debt in the world’s second-largest economy.

05.12 / 12:41

Reuters Manufacturing economy show country reports U.S. futures dip, JOLTS data ahead - what's moving markets

Investing.com -- U.S. stocks point lower as markets gear up for fresh job openings data that will serve as a precursor to Friday's much-anticipated nonfarm payrolls report. Elsewhere, the Reserve Bank of Australia leaves interest rates unchanged and flags some uncertainty around the global outlook, while a private survey shows that activity in China's services sector expanded at a faster than expected rate in November.

05.12 / 11:49

Target Reuters Manufacturing Apple show country electronic Apple warns India's EU-style charger rules will hit local production target

NEW DELHI : Apple has told India its local production targets will be hit if New Delhi follows the European Union and requires existing iPhones to have universal charging ports, a government document shows as the US tech giant lobbies for an exemption or delay. India wants to implement a European Union rule that will require smartphones to have a universal USB-C charging port, and has been in talks with manufacturers about introducing the requirement in India by June 2025, six months after the deadline in the EU.

05.12 / 11:49

Reuters Manufacturing economy show reports testing Low Low oil prices could fuel the next phase of India’s growth

Reuters reported. Another development favouring soft oil prices is the record production of US crude oil, which set a record for the second month running in September. India also resumed imports of crude from Venezuela in October, ending a three-year hiatus forced by US sanctions that have since eased.

05.12 / 11:49

IPO Provident Booking Manufacturing Inox India gets SEBI approval to raise funds via IPO

₹2) made by selling shareholders, including the promoter, and other selling shareholders. As per the DRHP, the promoters are Pavan Kumar Jain, Nayantara Jain, Siddharth Jain, and Ishita Jain.

05.12 / 09:19

IPO Manufacturing Healthcare pandemic performer track Manufacturing, energy, pharma to be in focus this Budget, says Mahavir Lunawat of Pantomath

Mahavir Lunawat, Managing Director, Pantomath Capital Advisors, expects domestic manufacturing, energy, healthcare, pharma and technology to be in focus in this Budget. These would help sustain the economic growth in the coming years, he added. In an interview with MintGenie, he also forecasted that the IPO momentum will continue in 2024.

05.12 / 09:01

Manufacturing Enterprise beautiful reports sanitizer Wipro Consumer adds three more soap brands with its 15th acquisition

NEW DELHI : Wipro Consumer Care and Lighting has acquired personal care brands Jo, Doy, and Bacter Shield from VVF (India) Ltd, marking the company’s 15th acquisition till date and the third in the last twelve months. The acquisition signals further expansion for Wipro Consumer Care in the personal wash segment, where it already sells brands such as Santoor and Chandrika.

05.12 / 08:21

Manufacturing Racing track reports Two-wheelers race ahead in November, but sustainability key

Motilal Oswal Financial Services in a report on 1 December. The broking firm prefers two-wheelers within the sector, followed by commercial vehicles (CV). They turned cautious regarding the passenger vehicle (PV) segment amid a slowdown in demand, and a high base effect.

05.12 / 08:21

Provident Manufacturing Compilation services Low Services sector activity in India hits one-year low in November on slower order growth, output: PMI

India fell to a one-year low in November on softer expansions in new work intakes and output, despite receding price pressures, a monthly survey said on Tuesday. The seasonally adjusted S&P Global India Services Business Activity Index fell from 58.4 in October to a one-year low of 56.9 in November. Despite witnessing a month-on-month decline, the rate of expansion was stronger than its long-run average.

05.12 / 07:55

BLOCK Manufacturing NVIDIA country exclusive reports Department U.S. export controls need to 'change constantly' even if it's tough for businesses, Secretary Raimondo says

BEIJING — More controls on tech exports to China will be coming as needed, despite business concerns, U.S. Commerce Secretary Gina Raimondo told CNBC in an exclusive interview.

05.12 / 05:33