Manufacturing Financial News

₹133 to ₹140. Accent Microcell IPO lot size 1,000 shares.

DP World, a global leader in trade and logistics, has set its sights on nurturing a vibrant entrepreneurial ecosystem, bringing together innovation, opportunity, and access to a vast network of industry players. This is the story of the India Business Incubator — a venture designed to redefine the rules of engagement for startups in the region «We launched the India Business Incubator with a clear vision in mind,» says Abdulla Al Hashmi, Chief Operating Officer for Parks & Zones at DP World. “The primary aim is to offer startups a supportive environment, with low starting costs, a business-friendly regulatory framework, and the flexibility to scale up as their business grows,” said Hashmi. The incubator, strategically based in Dubai's Jebel Ali Free Zone (Jafza), operates as a part of the larger Jafza network, providing access to industry events and a valuable community of trading and logistics companies. The ultimate vision behind this initiative is to create a thriving ecosystem where Indian startups can scale up, gain a competitive edge, and successfully navigate the challenging global market. The DP World India Business Incubator stands apart in the region for two distinct reasons.

Axis Mutual Fund announced the launch of the Axis India Manufacturing Fund, an open-ended equity scheme representing the Indian manufacturing theme. The scheme opened for public subscription on December 01, 2023, and will close on December 15, 2023. The scheme re-opens for continuous sale and repurchase within five business days from the date of allotment.

Accel Partners, Evolvence India, Sistema Asia Fund, Foundamental Gmbh and Nexus Venture Partners as its other investors. In June 2022, the company raised $50 million in growth capital from Liquidity Group’s MARS Unicorn Fund, valuing it at $2.5 billion. Founded by Souvik Sengupta and Aaditya Sharda in 2016, Infra.Market uses technology to provide a procurement experience for players in the construction ecosystem.

cough syrup linked to the deaths of at least six children in Cameroon have found unidentified quality issues in at least one of the five samples picked up by authorities, two people familiar with the investigation told Reuters. Riemann Labs is one of three Indian drugmakers whose cough syrups have been linked to the deaths of at least 141 children in Gambia, Uzbekistan and Cameroon since the middle of last year. That has cast a shadow on the quality of exports from India, often dubbed the «world's pharmacy» due to its supply of life-saving drugs at low prices to countries that most need them. The World Health Organization (WHO) said in July that a sample picked up from Cameroon of Naturcold syrup, whose maker India has identified as Riemann, contained as much 28.6% of the toxin of diethylene glycol, compared with an acceptable limit of no more than 0.10%. Indian authorities said they had suspended Riemann's production soon after the WHO alert, citing violations of good manufacturing practices.

steel industry is likely to experience a challenging environment during the second half of FY24 amid increased input cost and weakening steel prices, according to Icra. The domestic hot rolled coil (HRC) prices have corrected by 6.7 per cent since early October 2023, while the rebar prices witnessed a fall of 4.7 per cent in the same period, the ratings agency said.

Stock market today: BCL Industries shares witnessed sharp upside move during Monday deals. BCL Industries share price today opened with a huge upside gap and went on to touch life-time high of ₹60.80 per share levels on NSE. While climbing to this nea peak, BCL Industries shares logged an intraday rise of over 12 per cent on Monday.

BMW is recalling a small number of SUVs in the U.S. because the driver’s air bag inflators can blow apart in a crash, hurling metal shrapnel and possibly injuring or killing people

A federal jury in Illinois has delivered a verdict of $17.7 million in damages to several major food manufacturing companies who sued egg producers over a conspiracy to limit the supply of eggs in the U.S. years ago

Americans could have a harder time finding electric vehicles that qualify for a full $7,500 federal tax credit under new rules being proposed

₹1,845, indicating an upside of 10 percent from its current market price of ₹1,679.70. Endurance Technologies Limited serves as a comprehensive solutions provider, specialising in aluminum diecasting, suspension, braking systems, and transmission products. Distinguished as a Tier 1 supplier, the company caters to renowned Indian and global brands across the spectrum of 2-wheelers (2W), 3-wheelers (3W) and passenger vehicles (PV).

shortage of skilled labour is posing major challenges for Indian manufacturers in sectors such as engineering, automotive, electronics, infrastructure, chemical, pharmaceutical and food processing. According to a survey by workforce and HR management service provider Ultimate Kronos Group covering more than 300 manufacturers, 76% of the organisations reported skilled labour shortage hurting their profitability in 2023 – with 35% defining the impact as “severe”.

DOMS Industries IPO: The initial public offering (IPO) of DOMS Industries Limited is going to create history on 13th December 2023. As T+3 listing has become mandatory from 1st december 2023, DOMS Industries IPO will be the first mainboard IPO that is going to hit primary markets in this month. DOMS Industries IPO will open on 13th December 2023 and it will remain open for bidding till 15th December 2023.

BENGALURU (Reuters) — Japanese electronic parts maker TDK (OTC:TTDKY) Corp will manufacture lithium ion (li-ion) battery cells for Apple (NASDAQ:AAPL) iPhones in India, a minister said on Monday.

Hero MotoCorp, Bajaj Auto, Eicher Motors (RE) shined after strong November month sales. Hero MotoCorp, Eicher Motors with gains of close to 2% stood amongst key Nifty gainers while Bajaj Auto with gains of close to 1% was also not much behind on a day when Nifty with gains of more than 1.5% scaled new highs.

Lok Sabha elections will get a boost. This augurs well for macro and policy momentum for India, which, at the moment, is seeing the highest growth among major economies, it added. Read here: SBI, M&M to LT: Motilal Oswal recommends 14 stocks to buy after assembly polls "However, a restraining factor will be the valuations which are high and will get stretched further with the rally gaining momentum.

Indian primary markets in 2023. In the initial months, we saw a muted atmosphere, but as time unfolded, so did the narratives. In recent months, the number of IPO listings has surged remarkably.

Hyundai has not disclosed the precise date of the price revision or the extent of the hike for its models. Hyundai Motor is gearing up for another round of price increases, just months after the implementation of its last hike in August of this year. The prices of models such as Venue, Verna, and Tucson were raised by up to ₹48,000 during the previous adjustment.

«The Drift» author provides insight on the economy and oil prices on «Kudlow.»

RBI) own estimate of 6.5%, in the shade. At 7.6%, Q2 growth came on the back of buoyancy in manufacturing (at 13.9%) and construction (13.3%). Gross value added (GVA), often seen as a better estimate of the true level of activity, grew 7.4%.

Tata Power: Has won the bid to acquire Bikaner-III Neemrana-II Transmission, a project special purpose vehicle set up by PFC Consulting, a subsidiary of Power Finance Corp. The project will be developed on a Build-Own-Operate-Transfer basis to provide transmission service for 35 years from the scheduled date of commercial operations, which is 24 months from the date of the SPV acquisition. The project cost is estimated at ₹1,544 crore.