Manufacturing Financial News

India’s growth forecast for FY24 upward to 6.4% from 6% projected earlier, bringing it in line with RBI’s estimate of 6.5%. The American rating agency, however, lowered the FY25 growth estimate by 0.5 percentage points to 6.4%. It expects the economy to bounce back to 7% growth in FY26 and FY27. The upward revision by the global rating agency follows a similar revision by the International Monetary Fund, which revised India’s growth forecast for FY24 upward to 6.3% in October from 6.1% projected earlier and brings it on par with World Bank (6.3%) and ADB (6.3%). Indian economy likely grew better than expected at 6.7% in the second quarter of FY24, according to a median of an ET poll of 10 economists, compared with 6.5% projected by RBI.

share allotment of Tata Technologies IPO is expected to be finalised tomorrow. Investors received shares on a lottery basis and the whole process was supervised by the registrar. On the allotment date, investors get to know about the number of shares allotted to them as against the bids made. They can check the allotment status through the BSE or by visiting the registrar's website. Here's how you can check the status on BSE. Step 1: Visit the BSE Website Step 2: Please select the issue name, that is the company's name in the drop down. Step 3: Enter the application number or PAN number to check the allotment status.

Over the past five years, Hero MotoCorp, the world's largest manufacturers of motorcycles and scooters, has increased women’s participation in the workforce from 2 per cent to 10 per cent. Going forward, the automotive giant looks to increase its women workforce to 30 per cent by 2030, and boost its leadership diversity to 25 per cent from 8 per cent over the next two years by adopting a pragmatic approach to attracting, retaining and nurturing female talent within the organisation.

By Jamie McGeever

₹21,395 crore. Around 16 of these aircraft will be acquired in a ready-to-fly condition from the final assembly line at San Pablo Sur site in Seville, Spain. The first aircraft was handed over by Airbus earlier this year in the presence of Air Chief Marshal Vivek Ram Chaudhuri.

NEW DELHI : In an extensive interview covering railways, information technology, and telecom, Union minister Ashwini Vaishnaw spelt out the government’s vision on multiple fronts—from making India an export engine of indigenous technologies, to strengthening and expanding the railway network with the right technologies to ensure safe and efficient operations, to ensuring that regulation keeps up with technology and therefore the Digital India Bill, to planning for India to take the lead in 6G where standards are yet to be set. New financial incentives for the components ecosystem may also be considered going forward. Edited excerpts: In every aspect of Railway safety, in the past nine-and-a-half-years, we have invested huge amounts.

Pfizer India Ltd, a subsidiary of the American pharmaceutical major, is set to expand its operations despite the massive cost-cutting initiative by its parent, Meenakshi Nevatia, country president and managing director of Pfizer India said in an interview. “India is a priority market. And Pfizer will only expand in India.

China's Huawei said on Sunday it will move core technologies and resources in its smart car unit, which has chalked up robust sales for a number of new vehicles, to a new joint company owned up to 40% by automaker Changan Auto. The new company will engage in research and development, production, sales and service of intelligent automotive systems and component solutions, Huawei said in a press release. «The new company will… work with partners to promote innovation and leadership in smart car technology and promote the prosperity and development of the automotive industry,» the release said.

Battery giants are starting to put their money on new sodium-based technology, a sign that there could be yet another shakeup in the industry that’s crucial for the energy transition. Sodium — found in rock salts and brines around the globe — has the potential to make inroads into energy storage and electric vehicles because it’s cheaper and far more abundant than lithium, which currently dominates batteries. But while chemically and structurally similar, sodium has yet to be used on a large scale, partly due to the better range and performance of similarly sized lithium cells. That could be about to change.

They said that the present situation is not alarming but if the illness spreads to other parts of the globe, it will have an impact on world trade as China is a hub of global manufacturing and exports. The government on November 24 stated that India is prepared for any kind of exigency that may emerge from the current influenza situation in China and it is monitoring the outbreak of H9N2 and clusters of respiratory illness in children in that country. There is a low risk to India from the avian influenza, H9N2, cases reported in China as well as the clusters of respiratory illness, the Union health ministry has said. Some media reports indicated a clustering of cases of respiratory illness in children in northern China for which the World Health Organization (WHO) has also issued a statement. Leading leather exporter and Farida Group Chairman Rafeeq Ahmed said: “We are cautiously watching the situation. If the diseases spread, it will have an impact on trade”. Sharing similar views, Federation of Indian Export Organisations (FIEO) Director General Ajay Sahai said: “We are definitely concerned and most of the things depend on its spread.

GST, Adhar (govt services), UPI, Datacentre), high infrastructure & govt pending, developing as a manufacturing hub, and sustainable practices to renewable energy as a future source of energy. In manufacturing, it includes sectors that will substitute for and augment new exports, including electric to engineering goods.

All India Majlis-E-Ittehadul Muslimeen (AIMIM) President Asaduddin Owaisi has slammed Prime Minister Narendra Modi for taking a sortie in Tejas when «soldiers were getting killed» in Jammu and Kashmir's Rajouri district. Owaisi's attack came after PM Modi flew a sortie in the indigenously designed, developed, and manufactured Tejas Twin Seat Light Combat Fighter aircraft in Bengaluru on Saturday. Owaisi, who was addressing an election campaign gathering in Hyderabad, said, «It's crazy of Prime Minister that he is taking a joy ride in a fighter jet… Jets are of the country… when soldiers are getting killed in Rajouri,» said Owaisi on Saturday. Five soldiers, including two Army captains, lost their lives in the encounter that broke out between terrorists and a joint team of the Army and the Jammu and Kashmir Police in the Bajimaal area of Rajouri district on Wednesday.

retail investors are late to the party. Many times, their entry is seen as an indication of the peak of an ongoing rally in the stock market. However, the upswing in mid-cap and small-cap stocks is all initiated and funded by retail money.

Jamshyd Godrej, Chairman & MD, Godrej & Boyce, says: “Our vision is to grow 10-12% a year. That is our long term average growth. That has been that way and will stay that way, we hope. We see that all businesses should be profitable from the point of view of not just financial returns, but also from their impact on society. And I think that as we go along, we have to keep on being innovative. You cannot have a thriving company without having innovative products and innovative people. That is at the core of it. But at the same time, you have to be sustainable also. So this confluence of innovation and sustainability is really what is crucial.” First off, you are most passionate on the topic of the environment. There are certain initiatives that Godrej & Boyce has started. I would like you to talk to us a little bit about your environmental initiatives. You said that ESG as a word is clubbed together and misused in a lot of ways. A little bit on that front as well. Environmental issues have been very close to the family for generations now.

Jigar Mistry, Co-founder, Buoyant Capital, says “if you look at the ownership spectrum of largecap versus smallcaps and look at the free float as an additional variable into this, very interesting data is shaping up. There are a few graphics running there but if you look at the free float ownership in the largecaps, FIIs are the predominant investors with almost 42% of the ownership in free float largecaps. But if you look at smallcaps, retail ends up owning 49%.” On Friday, largecaps were pretty quiet but that had been the story for the last few weeks. How are you analysing the construct of the market right now? See, it is an interesting time because if you look at India from a slightly longer term perspective, it looks like it is not just the fundamentals that are reasonably good but we will eventually end up attracting a lot of flows as well.

Spain is ready to supply more C295 defence transport aircraft to India if New Delhi requires them, Jose Maria Ridao Dominguez, Spain's Ambassador to India, told ET. Madrid is seeking to boost its often-understated partnership with India in the fields of defence, technology and infrastructure. “We do not have any political differences with India. Spain stands ready to supply more military transport aircraft to India if the country desires so,” Dominguez said.

Narendra Modi for his «bold and very inspiring» sortie in the indigenously designed, developed, and manufactured Tejas Twin Seat Light Combat Fighter Aircraft, Union Minister General (retd) VK Singh said it further promotes 'Make in India' in the defence sector. The sortie was carried out from the Aircraft Systems Testing Establishment, Bengaluru on Saturday. During the 30-minute sortie, the capabilities of fighter aircraft Tejas were demonstrated to the PM. Singh also highlighted the fact that it is the first time that an Indian Prime Minister has flown a fighter aircraft sortie. «This step by the Prime Minister is quite admirable, bold and very inspiring.

India will likely give rise to job opportunities for mechanical, electrical and electronics engineers in the coming years, experts said. Manufacturers expected to be at the forefront of this job creation include Mercedes Benz, Bosch, Michelin, ABB, Boeing, Airbus, Renault, Volkswagen Group, Schneider Electric, John Deere, Caterpillar, Continental and Collins Aerospace, according to consultants and industry experts. Some engineering college professors said however that cutting-edge roles may not be part of this trend, besides which automation could take a toll. Several MNCs have been shipping out research, design and engineering jobs to India, marking a shift in the profile of offshored jobs from the traditional IT and shared services support to engineering and technical or product-related roles, the experts said.

₹20,000 price segment has been a very crowded market, with smartphone manufacturers competing with each other by offering more and more features to capture the market. Consumers have also started to prioritise getting a good camera smartphone on a budget without compromising on performance. Here's a list of top 5 camera smartphones to buy under ₹20,000: OnePlus Nord CE 3 Lite is backed by a 5,000mAh battery that supports 67W SuperVOOC fast charging, and it includes both a Type-C port for charging and a 3.5mm headphone jack.

LCA) on Saturday, describing the experience as enriching. Modi, who is the first serving PM to fly on an indigenous fighter jet, undertook the sortie in a two seater trainer version of the aircraft, flying from Bengaluru where the LCA is manufactured by Hindustan Aeronautics Limited (HAL). «Successfully completed a sortie on the Tejas. The experience was incredibly enriching, significantly bolstering my confidence in our country's indigenous capabilities, and leaving me with a renewed sense of pride and optimism about our national potential,» the PM posted on social media after the sortie. The PM was flown by Group Captain Debanjan Mondal and videos released after the sortie showed him climbing into the cockpit and flying at high altitude with a chase aircraft in tow.

Thiruvananthapuram: The young Indian bowling unit will have to push behind the timid show in the series opener and find its flow against a forceful Australian batting line-up in the second T20 here on Sunday. India had won the first game at Visakhapatnam by two wickets to take a 1-0 lead in the five-match series, but their bowlers, except pacer Mukesh Kumar, looked incapable of stemming the run-flow. The pitch and conditions at the Greenfield International Stadium will not be massively different, and that makes it imperative for the Indian bowlers to fire collectively.