Manufacturing Financial News

02.12 / 12:09

Provident Manufacturing Strategy Enterprise performer Wipro Consumer Care Ventures launches second fund with Rs 250 cr-corpus

Wipro Consumer Care — Ventures, the venture funding arm of Wipro Consumer Care and Lighting, on Saturday said it has launched the second fund with a corpus of Rs 250 crore. The Fund II will focus on investing in consumer startups in India and Southeast Asia, a company statement said. «We would look for e-comm driven companies at Pre Series A onwards, with minority stake approach (up to 25 per cent), and continue with our strategy of helping and nurturing the startups as required,» it added.

02.12 / 11:09

Manufacturing economy Remark Yellow Experts show fed rate cut Rate Cut Gold gains sharply on anticipation of hefty Fed rate cut next year

Financial markets construed the much awaited Powell's speech Friday as decisively dovish as he did not seem to push hard against the markets' expectations of hefty rate cuts next year. Powell, in his speech at Spelman College, said that the Federal Reserve's monetary policy is in a restrictive territory and it is too early to time the Fed rate cuts. He added that if appropriate, they are ready to hike rates further.

02.12 / 09:43

Citi FIVE Manufacturing Mobile country innovations reports What Sajjan Jindal's ride on MG Motor means

Sajjan Jindal's JSW Group buying a 35% stake in MG Motor India is a win-win deal for both. MG Motor India is a British brand owned by China’s SAIC. The company had a good start with the launch of its first product SUV Hector in 2019.

02.12 / 09:05

Target Manufacturing CEO economy Healthcare Experts exclusive NOT Not whole mid, smallcap segment expensive; bullish on power sector, says Sandeep Bagla of TRUST Mutual Fund

Sandeep Bagla, CEO of TRUST Mutual Fund says within mid-caps and small-caps, there are significant variations in valuations. He pointed out that the mid-cap and small-cap space will always be a stock pickers’ canvas. In an interview with Mint, Bagla talked about the current market structure and sectors he is positive about.

02.12 / 09:05

Provident Manufacturing Remark performer Aditya-L1 mission: Solar wind ion spectrometer becomes operational, says ISRO

Indian Space Research Organisation (ISRO) on Sunday said that the Solar Wind Ion Spectrometer (SWIS), the second component of the Aditya Solar Wind Particle Experiment (ASPEX) within its inaugural solar mission, Aditya L1, has become operational. "The Solar Wind Ion Spectrometer (SWIS), the second instrument in the Aditya Solar Wind Particle Experiment (ASPEX) payload is operational. The histogram illustrates the energy variations in proton and alpha particle counts captured by SWIS over 2-days," ISRO said in a post on X.

02.12 / 09:04

Manufacturing Fighting Apple Software Qualcomm AMD performer end Is this the end of ‘Intel Inside’?

It might not look like it yet, but Intel is in a fight for its life. The stakes for its employees and investors are high, and are likely to turn on some fierce battles for market share that will play out in 2024 and beyond. For the everyday consumer, what’s at stake is mostly nostalgia.

02.12 / 05:09

Manufacturing economy Remark pandemic show performer IMF Executive Director KV Subramanian predicts 7% growth for FY24, says India 'charting own path'

RBI Governor Raghuram Rajan's comments on India's GDP growth, KV Subramanian, Executive Director of the International Monetary Fund (IMF) and Former Chief Economic Advisor to the Government of India, expressed optimism. Speaking to ANI he highlighted the robust growth of the Indian economy, citing a 7.2 percent growth last year and a 7.7 percent growth in the first half of the current year.

02.12 / 02:25

Provident Booking Manufacturing Mobile show reports travelers 500 Uber, Jabil, and Builders FirstSource set to join S&P 500

Uber Technologies Inc. has been added to the S&P 500 Index, after reporting two straight quarters of operating profits that have fueled a big rally in the ride-sharing company this year. Jabil Inc.

02.12 / 02:25

Reuters Manufacturing Remark WhatsApp show reports US stock market ends higher as Powell raises peak rate hopes; S&P logs highest close of year

US Federal Reserve Chair Jerome Powell bolstered the view that key policy rates have peaked. All three major US stock indexes gained, notching their fifth consecutive weekly percentage gains. The Dow Jones Industrial Average rallied 294.61 points, or 0.82%, to end at 36,245.5, while the S&P 500 surged 26.83 points, or 0.59%, to 4,594.63 -- its highest level since March 2022.

02.12 / 02:13

Aviat Manufacturing economy Interface show performer A strong third quarter on the cards for the Indian economy

economy is set for a strong third quarter after a stellar show in the July-September period, showed a series of high-frequency indicators released on Friday. Manufacturing picked up pace in November, goods and services tax (GST) collections posted another month of robust growth, while auto companies dispatched record-high vehicles to dealers for November. The seasonally adjusted S&P Global India Manufacturing Purchasing Managers' Index (PMI) showed manufacturing activity regaining momentum in November, rising to 56 from the eight-month low of 55.5 in the previous month.

01.12 / 21:58

Manufacturing Enterprise Marvell show performer beautiful reports Stock Market Today: Dow closes higher as rally mode continues into December

Investing.com — The Dow closed higher Friday, as Treasury yields were pressured by growing expectations for sooner rate cuts even as Federal Reserve Chairman Jerome Powell warned against «premature» bets on rate cuts.

01.12 / 21:58

Manufacturing Remark Pfizer Marvell Banner show folk 500 S&P 500 hits 2023 closing high as Powell strengthens peak rate bets

By Stephen Culp

01.12 / 21:58

Provident Manufacturing country reports fall Weekly Oil prices in 6th weekly side as bears sharpen claws after OPEC+ cuts fall short

Investing.com — Oil prices fell for a sixth-straight week Friday, as voluntary output cut agreements from major oil producers that fell short expectations continued to keep worries about oversupply front and centre.

01.12 / 19:51

Manufacturing CEO Tesla Arrow SpaceX shootings travelers elon Why Elon Musk calls Tesla’s Cybertruck 'Apocalypse-proof'? All about it

Tesla has handed over its first Cybertrucks to its new owners. The Cybertrucks were handed over at an event organized at the company's headquarters in Austin, Texas.

01.12 / 19:13

Progressive Manufacturing CEO President country electronic 2020 What is driving Walmart's shift from China towards India for imports?

Walmart to shift its supply chains from China to India, Thailand, and Vietnam. China is Walmart's biggest importer, but the numbers from the country dramatically dropped to just 60% in 2023 from over 80% during the year 2018. "I need resiliency in our supply chains.

01.12 / 17:59

Reuters Manufacturing economy show electronic reports US manufacturing mired in weakness; factory employment declines

By Lucia Mutikani

01.12 / 17:59

Manufacturing economy show Low Canadian factory downturn deepens as new orders hit 15-month low

By Fergal Smith

01.12 / 17:59

Manufacturing economy show UK factory downturn shows more signs of easing- PMI

LONDON (Reuters) — Britain's manufacturing sector showed further signs that it might be turning a corner in its long-running downturn but companies remained cautious and pushed up their prices, according to a survey published on Friday.

01.12 / 17:45

Manufacturing Action pandemic performer social innovations information View: Consumers, employees and society at large seek organisation leaders to cement the trust deficit

Relationships are weakening, while reducing the sense of safety and security, which, in turn, are causing fragmentation and spurring conflicts. This is becoming increasingly evident in both the geopolitical situation and the business world. And stakeholders, be it consumers, employees or the wider community, are looking at organisation leaders to cement the widening trust deficit. The CXO community has become cognisant of this responsibility and appreciate that building and retaining trust is not merely an amorphous 'feel-good' goal, but a very tangible asset that, in today's world, comes at a premium. From a stakeholder's perspective, trust enables transparent communication, creates a sense of security and cultivates confidence.

01.12 / 17:45

FIVE Manufacturing Assurant Micron reports testing Chip away on the manufacturing front

semiconductors. Earlier this week, it announced that three more chip fabrication units in India will be announced in another few months. The total investment will reportedly be of the order of $8-12 billion.

01.12 / 17:45

Target Manufacturing economy show performer track travelers Bright lights of a global bright spot

economy grew by 7.6% year-on-year in real terms in the July-September quarter of FY2024, surpassing projections by all domestic and international agencies. This follows the 7.8% expansion registered in the first quarter. The fact that this has been achieved amid a weak and uncertain global backdrop shows the resilience of the economy. Importantly, this growth performance was driven by construction and industry.

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