Manufacturing Financial News

01.12 / 06:15

Manufacturing economy show country Asia factory activity weakens, uncertainty on China clouds outlook

By Leika Kihara

01.12 / 06:15

Manufacturing show Russian factory growth steadies as new export orders drop -PMI

(Reuters) — Activity in Russia's manufacturing sector grew at the same pace in November as in October, even as new export orders contracted for the first time since July, a business survey showed on Friday.

01.12 / 06:15

Manufacturing economy vaccine 2020 prevention Markets pin hopes on soft landing, with one eye on recession risk

By Yoruk Bahceli, Dhara Ranasinghe and Naomi Rovnick

01.12 / 05:25

Target Manufacturing Healthcare Experts travelers recommendations Hot Stocks: Brokerages view on Bajaj Auto, LTIMindTree, NTPC and TCS

Bajaj Auto to sell while Macquarie maintained outperform rating on LTIMindtree. Sharekhan maintained a buy rating on NTPC and TCS ahead of the buyback. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: UBS on Bajaj Auto: Sell| Target Rs 5600 UBS maintained a sell rating on Bajaj Auto with a target of Rs 5600.

01.12 / 05:01

Target Manufacturing economy Enterprise Experts country recommendations share price week UltraTech share price gains 1.68% to 52-week high on Kesoram acquisition. Analysts see more upside.

UltraTech Cement share price scaled all time high of ₹9152 on the BSE in the morning trades on Friday gaining almost 1.7% post Thursday's announcement on planned acquisition of Kesoram Industries Cement assets by UltraTech . Analyst see more upside looking at benefits the acquisition will accrue. UltraTech Cement Ltd planned acquisition of Kesoram Industries Cement capacities is intended to strengthen its presence and help gain market share in the South and Western region of the country.

01.12 / 04:41

Manufacturing economy pandemic performer reports SBI Research raises India's FY24 GDP forecast to 7% from 6.7%

State Bank of India (SBI)'s Research 'Ecowrap' has raised India's FY24 gross domestic product (GDP) forecast to 7 percent from 6.7 percent earlier. This comes amid higher-than-expected Q2 GDP numbers. "The strong growth numbers for Q2 released today are a harbinger of interesting times ahead and can reinvigorate the interests of global corporations, policymakers, investment gurus, and fund managers across jurisdictions afresh along themes like investments, infrastructure, consumption, and markets by going Overweight," the research said.

01.12 / 04:41

Manufacturing Action economy Experts shootings performer track India Q2 GDP: Indian economy poised for strong growth in FY24? Here's what top economists say

GDP print came above expectations on Thursday driven by robust growth in the manufacturing, mining and construction sectors. However, growth in the agriculture segment cooled due to an erratic monsoon. India's Q2 GDP grew 7.6 per cent, significantly exceeding the expectations.

01.12 / 03:36

Target Manufacturing economy Enterprise show track cover Chinese manufacturing activity unexpectedly rebounds in Nov- Caixin PMI

Investing.com-- Chinese manufacturing activity unexpectedly rose back into expansion in November, a private survey showed on Friday, as a mild increase in domestic demand helped offset a persistent decline in overseas orders.

01.12 / 03:36

Target Manufacturing Action show country Oil prices slip further as OPEC cuts, China data underwhelm

Investing.com-- Oil prices fell slightly in Asian trade on Friday, extending losses from the prior session as the OPEC+ cut supply by a smaller-than-expected margin, while weak data from China added to concerns over worsening demand.

01.12 / 03:36

Provident Manufacturing economy Nikkei show country Asian stocks Asian stocks sink after stellar November, PMIs offer mixed cues

Investing.com-- Most Asian stocks retreated on Friday, seeing a measure of profit taking after clocking strong gains through November, with focus now turning to an upcoming address from Fed Chair Jerome Powell for more cues on interest rates.

01.12 / 02:24

Manufacturing economy show track Surprise boost: Economy grows 7.6% in Q2, beating estimates

Economists had, in an ET poll, estimated a median 6.7% rise in gross domestic product (GDP) in the quarter. The second-quarter GDP growth is just shy of 7.8% clocked in the June quarter and significantly higher than the 6.2% recorded in the September quarter last year. Growth in the first half of FY24 was 7.7% compared with 9.5% a year earlier. «Manufacturing sustained expansion, endorsed by IIP (Index of Industrial Production) and core infra sector growth,» said chief economic advisor V Anantha Nageswaran. The higher-than-expected growth triggered a raft of upgrades in full FY24 growth estimates. «The latest numbers indicate that the economic recovery is on track despite the adverse geopolitical situation,» said Sunil Kumar Sinha, principal economist, India Ratings.

01.12 / 01:49

IPO Booking Manufacturing information reports recommendations Bonus shares 2023: Alphalogic Industries to trade ex-bonus today in 1:1 ratio

Bonus shares 2023: Shares of Alphalogic Industries Ltd will be in focus when the stock market opens on Friday as its Bonus Issue is scheduled for the day. The company will issue Bonus Share in the ratio of 1:1 which means 1 equity share of ₹10 each for every 1 equity share held to its eligible shareholders. The board of directors of Alphalogic Industries Ltd at its meeting held on October 18, 2023 had recommended the Bonus Issue.

01.12 / 01:49

Extreme Manufacturing economy Experts shootings show RBI likely to continue with hawkish stance after Q2 GDP shoots above estimates; Here's what experts say

Bank of India (RBI). Economists now say that with the Q2 GDP growth rate coming in well beyond expectations, the RBI may opt for a hawkish stance in its coming monetary policy committee (MPC) announcement on December 8. The economic growth would give space to the central bank, which held its rates for the fourth consecutive time in October, to focus on food inflation, which it believes is ‘uncomfortably high’.

01.12 / 01:29

Provident Manufacturing Enterprise PwC Southern President country UltraTech to buy Kesoram's cement unit

UltraTech will acquire the cement business of the BK Birla Group's Kesoram Industries in an all-stock deal at an estimated enterprise value of around ₹7,600 crore, which includes debt. The deal will give UltraTech access to two integrated cement manufacturing units in Karnataka and Telangana with a combined capacity of 10.75 million tonnes per annum (MTPA).

01.12 / 01:13

Manufacturing economy show Japan firms' robust Q3 investment eases recession risks

By Takaya Yamaguchi and Leika Kihara

01.12 / 01:13

Manufacturing Marvell Gartner performer beautiful reports Dow futures dip slightly after closing at 2023 high

Investing.com — US stock futures decreased slightly during Thursday's overnight trading, after the Dow Jones Industrial Average reached a new peak for 2023 and wrapping up its best month in over a year.

01.12 / 00:42

Manufacturing economy BURST pandemic show China factory activity contracts in November for 2nd straight month despite stimulus measures

An official survey of Chinese manufacturers shows that factory activity contracted for a second straight month in November

01.12 / 00:42

Digital Manufacturing Chevrolet track GM believes it will start making money on electric vehicles in 2025 as higher margin models arrive

General Motors is losing money on every electric vehicle it sells, but the company says it’s on track to generate mid single-digit pretax profit margins in 2025 as it produces more higher margin EVs, works out kinks in battery manufacturing and sees ba...

01.12 / 00:41

Provident BLOCK Manufacturing CEO Apple Bill prevention Haslam family refutes allegation from Warren Buffett's company that it bribed truck stop chain execs

An attorney for the billionaire Haslam family has called the bribery allegations from Warren Buffett’s company a “wild invention."

01.12 / 00:41

Manufacturing CEO Tesla Porsche show stage innovations Tesla delivers about a dozen stainless steel Cybertruck pickups as it tries to fix production woes

With manufacturing kinks still to be worked out, Tesla has delivered the first dozen or so of its futuristic Cybertruck pickups to customers

30.11 / 20:53

Target FIVE Manufacturing Mobile Apple Xiaomi electronic ‘500,000 jobs via PLI for cellular phone cos’

NEW DELHI : India’s production linked incentive (PLI) scheme for mobile phone manufacturing had generated 500,000 jobs, telecom and IT minister Ashwini Vaishnaw said Thursday, at the inauguration of the Padget Electronics’ new manufacturing plant which will make 25 million phones a year. “Due to PLI, the incremental job creation in the mobile industry is 5 lakh and I’m confident that the number will increase in the next five years," the minister said. Dixon Technologies’ subsidiary Padget Electronics set up its new manufacturing facility in Noida with an investment of ₹256 crore, and had begun production of Xiaomi devices last quarter.

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