Manufacturing Financial News

Chaurasia has joined Infosys as an associate vice president and will be leading the engineering services for aerospace, automotive, discrete & turbo machinery domains in Europe. He is based in Germany. Chaurasia is moving in from Accenture Industry X, where he led the aerospace & defence domain, along with important clients across automotive & discrete manufacturing domains.

TURIN, Italy (Reuters) — Stellantis (NYSE:STLA)' revenue target for its recycling and reconditioning unit will be raised after growing 25% so far this year, the group's Chief Executive Carlos Tavares said on Thursday inaugurating its first hub for the business.

By Amanda Cooper

The legality of an agreement by the maker of OxyContin to settle thousands of lawsuits over the harm done by opioids is going before the Supreme Court

A federal jury in Illinois has found that several major egg producers in the U.S. conspired to price-fix eggs between 2004 and 2008

Amazon to provide training to micro, small and medium enterprises (MSME) in 20 identified districts to promote exports through e-commerce. As part of the MoU, Amazon and Directorate General of Foreign Trade (DGFT) will co-create capacity building sessions, training and workshops for MSMEs in districts identified by the DGFT as part of the ‘District as Exports Hub’ initiative outlined in the Foreign Trade Policy 2023, in a phased manner. Amazon will provide training by making digital catalogues and tax-related issues, among other services. The capacity building session will allow MSMEs to learn about imaging, digital cataloguing of their products, tax advisory amongst others. “To enable micro, small and medium enterprises (MSMEs) and boost e-commerce exports from the country, DGFT is collaborating with the various e-commerce players to leverage the Districts as Export Hubs initiative and promote e-commerce exports from the country,” the ministry said in a statement. The MoU was signed in the presence of Director General of Foreign Trade (DGFT) Santosh Sarangi, Chetan Krishnaswamy (Vice President, Public Policy Amazon), and Bhupen Wakankar (Director Global Trade Amazon India). “The initiative seeks to link local producers even in rural and remote districts with global supply chains.

Paper imports into India surged by 43 per cent in volume terms in the first half of 2023-24, fueled by a more than two-fold jump in imports from ASEAN countries, according to official data. The Directorate General of Commercial Intelligence and Statistics (DGCIS) data showed that imports of paper and paperboard jumped to 959,000 tonnes in April-September 2023-24 from 672,000 tonnes in the first half of FY2022-23.

Rusk biscuits. Also known as «toast» or «pappe,» Rusk biscuits are a popular accompaniment to chai in India. But have you ever wondered about their manufacturing process? A viral video recently surfaced on Instagram, bringing attention to the shocking process involved in making Rusk biscuits, leaving the online community disheartened.

domestic steel industry will soon introduce Made-In-India branded steel products to the world market, according to Union Steel Minister Jyotiraditya Scindia. This move will ensure standardised quality of products made by Indian steel producers, in addition to making domestic products more attractive to buyers, an official statement issued on Thursday said. This is the first ever initiative by any ministry to introduce labelling and branding for products of a sector. Scindia said the single brand identity for Indian-made steel will represent India’s strong manufacturing potential.

European Union, and the US-led Indo Pacific Economic Framework for Prosperity (IPEF). Inclusion of these issues in trade pacts could have negative impacts, they said, adding that the recent US presidential memorandum of Joe Biden on worker rights indicates a deepening focus on labour standards in trade deals. Negotiations are on fast track with a comprehensive trade agreement with the UK, which seeks to promote trade in goods, services and two-way investments.

Cipla fell as much as 8% in intraday trade on Thursday following a warning letter by the USFDA for various manufacturing lapses at its Pithampur facility. After an inspection at the Pithampur plant, the USFDA issued a warning letter stating that the company's methods, facilities, or controls for manufacturing, processing, packing, or holding do not conform to good manufacturing practices and that its drug products are adulterated. A warning letter is issued when the US health regulator finds that a manufacturer has significantly violated its regulations. «Your firm failed to thoroughly investigate any unexplained discrepancy or failure of a batch or any of its components to meet any of its specifications, whether or not the batch has already been distributed,» the USFDA said. It also pointed out the company's failure to establish and follow appropriate written procedures that are designed to prevent microbiological contamination of drugs purporting to be sterile, and that include validation of all aseptic and sterilization processes. USFDA noted that it has cited similar CGMP observations earlier at the company's other facilities as well. The shares of the company delivered moderate returns to investors so far this year, rising 10% on a year-to-date basis. Despite the pressure in the near term, analysts are bullish on the stock and investors could use this opportunity of declines to consider some buying. Cipla posted strong second-quarter results, led by robust growth across key businesses.

Investing.com — The U.S. dollar retreated in thin holiday-impacted trade Thursday, with traders digesting recent economic data and what it potentially means for the Federal Reserve’s interest rate policy.

By Ceyda Caglayan

GMP: The company's shares in the grey market are trading at a healthy premium of ₹73, indicating an over 43 percent premium at listing. However, one must note that grey market premium is only an indicator of how the company's shares are performing in the unlisted market and can change quickly. The ₹501 crore IPO of Gandhar Oil opened for subscription on November 22 and will close on November 24.

electric vehicles right now. While some are yelling about the impending doom of electric vehicle manufacturers, the bulls are convinced that the top EV companies could potentially generate billions in revenue and profits. Recently, we came acrossa report that says EV penetration in India continues to improve at a healthy pace, spurred by government initiatives and increasing product launches.

Fitspire, a vegan and plant-based personal wellness brand has entered into the $17 billion global skincare market by launching plant-based biotin, collagen, and omega products. While the category caters to the burgeoning demand for cruelty-free skin-care products in India, Fitspire said it aims to tap into Indian consumers seeking vegan, natural, clean, and cruelty-free products to support their lifestyle. “The demand for cruelty-free and eco-conscious choices is gaining momentum, and the rise of vegan beauty products has become a phenomenon. Consumers are now embracing products that are manufactured ethically.

Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content.

Servotech Power Systems saw its shares jump 5% to ₹79.10 apiece in Thursday's early trade. This positive uptick in shares came after the company received an order for EV chargers.

Also Read: Tata Technologies IPO open for subscription: GMP, issue details, 10 key things to know before you invest Tata Technologies is a subsidiary of automobile major Tata Motors and is a pure-play manufacturing focused Engineering Research & Development (ER&D) company, primarily focused on the automotive industry. Tata Technologies IPO issue size is ₹3,042.51 crore which is entirely an offer for sale (OFS) of 6.09 crore equity shares by the promoter and investors.

Stock at upper circuit: NSE listed stock Servotech Power Systems Ltd has been in uptrend after ushering in 2023. In year-to-date (YTD) time, Servotech Power Systems share price has ascended to the tune of 380 per cent. But, it seems that the EV charger stock still has some steam left in it.

wireless EV charging is close, but there are challenges to be overcome to get there. Picture the scene: you're driving your electric vehicle to the shops and notice the battery is running low. Not to worry. You park in an available bay, and while you shop for groceries and have a cappuccino, your car is charging. No cable, no worries. The entire process is automated.