Manufacturing Financial News
04.12 / 02:21
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Russian beverage & aluminium majors eye JVs under Make in India initiative
Russian firms are planning to enter into joint ventures (JVs) in India to set up units in the aluminium and beverage sectors that will give a big push to Make in India. Russia’s premium wine maker Boris Titov is entering into a JV with an Indian partner to set up a unit near Delhi to produce sparkling wine. “I was recently in India to discuss a business plan. I have received a positive response.
04.12 / 01:47
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Toyota plans to expand battery EV line-up in Europe to 6 models by 2026
TOKYO (Reuters) — Toyota Motor (NYSE:TM) said on Monday it would increase its line-up of battery electric vehicles in Europe to six models by 2026 and it expected such vehicles to make up more than 20% of new car sales in the region by then.
04.12 / 01:47
03.12 / 23:09
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Top 5 things to watch in markets in the week ahead
Investing.com — Friday’s nonfarm payrolls report for November will be in focus this week as investors try to assess whether the U.S. economy is remaining resilient in the face of higher interest rates. Oil prices look set to remain volatile and central bank meetings in Australia and Canada could underline the view that rates have peaked.
03.12 / 18:57
Digital
Manufacturing
CEO
Healthcare
performer
2020
reports
TSI bags ₹200 cr via credit fund
MUMBAI : Piramal Alternatives and CDPQ-backed performing credit fund have agreed to extend a ₹200 crore sum to ATM (automated teller machines) operator Transaction Solutions International (India) Pvt Ltd (TSI) in a structured credit transaction, a top executive said. The capital, raised against convertible securities, will help with TSI’s business expansion initiatives and accelerate its ATM deployment and other payment processing plans, the firm said. “With TSI, we had the opportunity to participate in a professionally led business within the high growth consumer payment sector.
03.12 / 12:27
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Manufacturing
Action
Ozon
country
innovations
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India surpasses Montreal protocol targets, leads global efforts in sustainable cooling: New govt report
India has successfully phased out ozone depleting and climate warming chemical HCFC 141b and is ahead of schedule in eliminating another such gas, HCFCs, in new equipment manufacturing, according to a government report launched here on Sunday during the global climate talks. The report, jointly brought out by the Environment ministry and UNDP, during a side-event of the annual climate talks COP28, said that surpassing the 35 per cent phase-out target for HCFCs, India has achieved an impressive 44 per cent reduction, showcasing its commitment to collaboration and innovation to meet climate targets.
03.12 / 12:19
Provident
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Manufacturing
Platform
film
country
reports
Recovery in sight for SRF’s chemicals biz
SRF Ltd is expected to face short-term challenges, but for the long-term, recovery is in sight. The specialty chemicals company’s management indicated in a recent meeting with analysts that the worst seemed to be behind in terms of destocking globally in the agrochemical space. SRF, which has a few active ingredients for agrochemicals in the pipeline, expects demand to pick up in H2FY24.
03.12 / 09:51
Manufacturing
Assurant
Mobile
performer
electronic
information
From Bajaj to Simple Energy: 5 upcoming electric scooters this December 2023
Bajaj Auto initiated the launch with the refreshed Chetak Urbane. The updated base variant features a modified range, drum brakes, and a single Eco riding mode. Additionally, it comes with a more economical price starting at ₹1.15 lakh, and the Tecpac variant, offering enhanced connectivity options, electronic aids, and an extra riding mode, is priced at ₹1.21 lakh (all prices, ex-showroom).
03.12 / 08:55
Manufacturing
Software
pandemic
country
2020
Out of Rs 1 lakh cr worth of FDI proposals from nations sharing land border with India, half is cleared: Official
FDI) proposals worth about Rs one lakh crore since April 2020 from countries sharing land border with India and half of those applications have been cleared so far, a top official said. The remaining are either pending or withdrawn or rejected by the government. In April 2020, the government came out with a press note under which the Centre made its prior approval mandatory for foreign investments from countries that share land border with India to curb opportunistic takeovers of domestic firms following the Covid-19 pandemic.
03.12 / 05:21
Provident
Manufacturing
Mobile
Willing to help other EV players adopt our charging connector free of cost: Ather Energy CBO
Ather Energy is open to provide free help to players in the electric vehicle space to adopt its charging connector, which has been recognised as standard by the Bureau of Indian Standards, to accelerate adoption of electric mobility, the company's Chief Business Officer Ravneet S Phokela said. The electric two-wheeler maker is also working to increase its own charging network to 2,500 by March 2024 from the current 1,600 even as it is in talks with other manufacturers for adoption of its charging connector. «We have an IP on this (charging connector).
03.12 / 01:15
Digital
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Manufacturing
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Indus
Placement season: At IITs, startups score advantage points
Placements have started at the old IITs on December 1, also known as Day 1, with a good line-up of startups.
03.12 / 00:09
Provident
FIVE
Manufacturing
cover
electronic
travelers
prevention
Railways’ Kavach tech can be exported in five years
Indian Railways is gearing up to install Kavach technology in its entire network of 68,000 route km, Minister of Railways Ashwini Vaishnaw has said. He added that the indigenously developed technology also has the potential to be exported in five years. “In 2024, we will install Kavach in 2,500 km route.
02.12 / 17:35
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Safety first: How well can Kavach protect you during your train travel?
railway signal engineers, including him, were over the moon when an indigenously developed signalling equipment was successfully tested on a passenger train that chugged along the Telangana-Karnataka border. By then Mansukhani had spent over four years in a laboratory in Lucknow’s Research Designs and Standards Organisation (RDSO), a railway arm, to figure out an alternative to the popular European Train Control System (ETCS).
02.12 / 17:25
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India Inc taking steps to build a future for people with disabilities
As the world marks the International Day of Persons with Disabilities on December 3, companies including Accenture, Amazon, KFC, ITC, L&T, Mercedes Benz Research and Development India and Marico are adopting a 360-degree approach towards PwD inclusion. On one hand, they’re working to overcome barriers and biases that set back employees with disabilities and provide them with leadership opportunities, mentoring and future career pathways; on the other, they’re accelerating hiring efforts, as overall PwD representation in the workforce remains dismally low.
02.12 / 15:53
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Manufacturing
Weekly
Oil down 2%, posts weekly loss as investors see limited effect of OPEC+ supply cuts; Brent at $78/bbl
₹6,231 per bbl, having swung between ₹6,210 and ₹6,409 per bbl during the session, against a previous close of ₹6,281 per barrel. Also Read: Stock Picks: ONGC, Oil India among top picks for Motilal Oswal in upstream sector, Indian Oil among OMCs -OPEC+ producers agreed on Thursday to remove around 2.2 million barrels per day (bpd) of oil from the global market in the first quarter of next year, with the total including a rollover of Saudi Arabia and Russia's 1.3 million bpd of current voluntary cuts.
02.12 / 15:53
Manufacturing
shock
New Kawasaki Eliminator 450 teased ahead of launch; here's what to expect
Kawasaki Eliminator 450 continues to maintain a dedicated fan base in the Indian market. The introduction of the Kawasaki Eliminator 450 signifies a nostalgic return for the Japanese motorcycle manufacturer in India. This marks a full circle, considering that the bike was previously available in India through the Bajaj-Kawasaki partnership.
02.12 / 15:53
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Axis Securities initiates coverage on smallcap stock with ‘buy’ rating, sees 40% upside; do you own?
Pitti Engineering Ltd Share Price: Shares of Pitti Engineering Limited (PEL) have soared more than 2000 per cent in the last three years, showing a strong uptrend over the company's increasing capacity and global footprint along with a robust order book. Domestic brokerage firm Axis Securities has initiated coverage on PEL with a ‘buy’ rating, setting a target price of ₹915.
02.12 / 14:07
02.12 / 12:25
Digital
Manufacturing
Assurant
Apple
Software
MacRumors
reports
Apple may add tetraprism zoom lens to both iPhone 16 Pro models: report
Apple is likely to bring tetraprism camera technology to both iPhone 16 Pro models next year, which will enable at least 5x optical zoom and 25x digital zoom on the Telephoto lens. In order to assure manufacturing yields for the higher number of units necessary, Apple will add LG Innotek as another supplier of the folded zoom module utilised in the technology, reports MacRumors.
02.12 / 12:13
IPO
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Booking
Manufacturing
performer
Kross Ltd files DRHP with SEBI to raise ₹500 crore via IPO; check details
₹500 crore through an initial public offering (IPO). The maiden public issue of the Jamshedpur-based company comprises a fresh issue of shares worth up to ₹250 crore and an offer for sale (OFS) of shares aggregating up to ₹250 crore by promoters, according to the Draft Red Herring Prospectus (DRHP). The OFS portion consists of equity shares to the tune of up to ₹168 crore by Sudhir Rai and ₹82 crore by Anita Rai.
02.12 / 12:09
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500
Kross Ltd filed draft papers with SEBI for Rs 500 crore IPO; here are the details
Kross Ltd has filed a draft red herring prospectus with the Securities and Exchange Board of India (SEBI) to raise funds through an initial public offering (IPO) of shares. The Rs 500 crore worth IPO comprises fresh issue worth up to Rs 250 crore, and an offer for sale aggregating upto Rs 250 crore by the promoters – Sudhir Rai and Anita Rai.
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