Manufacturing Financial News

15.11 / 17:49

Reuters Manufacturing President Department US unveils up to $3.5 billion funding to boost domestic battery manufacturing

(Reuters) — The U.S. Department of Energy on Wednesday announced up to $3.5 billion to strengthen domestic production of batteries and battery materials from the infrastructure law President Joe Biden signed in 2021.

15.11 / 16:49

Manufacturing President electronic copper Vedanta sets up new copper unit in Saudi Arabia

Vedanta group on Wednesday said in Saudi Arabia it has set up a new copper unit through subsidiary Malco Energy Limited for SAR (saudi riyal) 1,00,000. The new unit has been named as Vedanta Copper International VCI Company Limited, the company said in an exchange filing. In September, Vedanta’s board had approved a plan to split the business into six separate listed entities.

15.11 / 16:49

Manufacturing CEO NVIDIA President AMD Gartner testing GenAI race hots up as Microsoft launches own AI chips

OpenAI, and stave off competition from chipmakers like Intel and AMD. While Microsoft’s Azure Maia AI Accelerator has been optimized for AI- and generative AI-specific tasks, its Azure Cobalt CPU (central processing unit) is an Arm-based processor that will cater to general-purpose tasks on Microsoft Cloud. Microsoft has reportedly been working on developing an AI chip since 2019.

15.11 / 16:49

Manufacturing cover L'Oreal information reports Two Dabur subsidiaries dismissed from US cancer lawsuit

Dabur Ltd have been dismissed from a lawsuit in the United States regarding a potential connection between certain brands of hair relaxer and ovarian and uterine cancer, and other related health issues. A third international subsidiary, Namaste Laboratories, which sells ethnic hair-care products, remains as a defendant along with companies such as L'Oreal, SoftSheen-Carson, Luster Products Inc and Avion Industries, among others.

15.11 / 16:49

Digital Manufacturing show performer country exclusive Muted demand outlook dampens Page’s turnaround hopes

₹1,125 crore in the September quarter (Q2FY24). Page holds the exclusive licence for the manufacture, marketing and distribution of Jockey brand in India and some more countries. It also holds the sole licence for Speedo brand in India.

15.11 / 16:49

BLOCK Manufacturing Merit cover information reports 2 out of 3 Dabur entities get relief in US cancer lawsuits – what is the case all about?

Dabur entities, that were listed as defendants in multiple lawsuits in the United States alleging their products caused cancer, have found relief from the court. The India-headquartered FMCG major, in a statement, noted that Dabur International and Dermoviva Skin Essentials – two of its subsidiaries – have been removed as defendants in the lawsuits filed before the the US District Court for the Northern District of Illinois.

15.11 / 16:41

Provident Digital Manufacturing Strategy Software NVIDIA President Microsoft introduces its own chips for AI, with eye on cost

Microsoft on Wednesday announced a duo of custom-designed computing chips, joining other big tech firms that — faced with the high cost of delivering artificial intelligence services — are bringing key technologies in-house. Microsoft said it does not plan to sell the chips but instead will use them to power its own subscription software offerings and as part of its Azure cloud computing service.

15.11 / 16:17

Manufacturing Tesla President show track reports GM workers at big Texas plant approve UAW deal, boosting chances of passage

By David Shepardson

15.11 / 16:09

Provident Booking Manufacturing vaccine show Catalent sees weight-loss drugs boom driving bookings until FY 2026

(Reuters) -Catalent said on Wednesday it expected a majority of its current and upcoming production capacity for pre-filled syringes until fiscal year 2026 to soon be booked out, driven by booming demand for newer weight-loss drugs.

15.11 / 15:49

Manufacturing Merit cover L'Oreal information reports Two Dabur cos get relief in multiple lawsuits in US court, 3rd entity to face charges

Dabur International and Dermoviva Skin Essentials, have been removed as a defendant in multiple lawsuits filed in a US court over allegations that their hair-relaxer products caused ovarian cancer, uterine cancer and other related health issues. However, lawsuits filed against its third international subsidiary Namaste Laboratories LLC, would continue before the US District Court for the Northern District of Illinois, according to a statement from Dabur on Wednesday.

15.11 / 14:43

Citi Cooper Manufacturing economy President electronic Taiwan's participation at APEC forum offers a rare chance to break China's bonds

Taiwan will take part in the Asia-Pacific Economic Cooperation forum in San Francisco this week, a rare opportunity for the self-governing island democracy of 23 million people and its high-tech economy to break the diplomatic embargo on it imposed by ...

15.11 / 14:43

Target Manufacturing pandemic electronic reports travelers Department Retail sales slip in October as consumers pull back after summer splurges

Americans cut back on retail spending in October, ending six straight months of gains, though the decline was partly driven by falling prices for both gasoline and cars

15.11 / 14:43

Manufacturing pandemic Microchip Experts cover electronic Department Energy Department tries to boost US battery industry with another $3.5 billion in funding

The Department of Energy is making a push to strengthen the U.S. battery supply chain — the minerals and parts that go into batteries

15.11 / 14:13

IPO Target Manufacturing Strategy Tesla Nov Factbox-What you need to know about Ampere, Renault's EV unit

PARIS (Reuters) -French car maker Renault (EPA:RENA) is holding an investor day for its electric vehicle unit Ampere, which was carved out from Renault's other operations on Nov. 1 and is set for a market listing next year.

15.11 / 14:13

Provident Target Manufacturing JPMorgan TJX fall Target, JD, Goodyear rise premarket; TJX, Advance Auto Parts fall

Investing.com — U.S. futures traded higher Wednesday, with the positive tone generated by the previous session’s cooler than expected inflation data continuing.

15.11 / 12:15

IPO Target Manufacturing Software Tesla Nov Bill Renault’s EV Maker Ampere Sets $11 Bln Revenue Target as It Gears Up for IPO

Ampere, Renault’s electric-vehicle and software company preparing for a public listing, said it is targeting revenue of more than 10 billion euros ($10.88 billion) in 2025 while it readies to compete with less expensive cars from China and Tesla. The French car maker, which was officially carved out form its parent company on Nov. 1, said on Wednesday that it is aiming to sell around 300,000 vehicles that year.

15.11 / 12:15

Manufacturing CEO Apple Tesla President country reports elon Elon Musk and Jane Fraser are just some of the CEOs hoping to woo China's Xi

Executives from Microsoft Corp., Citigroup Inc., Exxon Mobil Corp. and other large multinationals are converging on San Francisco this week for an audience with Chinese President Xi Jinping and other Asian leaders as long-frosty US-China relations show only tentative signs of warming.

15.11 / 12:15

Target Manufacturing Coherent show track reports recommendations It might be time for India to reconsider its indicator for inflation targeting

Bank of India (RBI) and subsequently through an amendment to the RBI Act. This decision was based on a recommendation of the Urjit Patel Committee to the RBI in 2014. This panel also recommended using the CPI produced by the Central Statistics Office as the indicator for this purpose.

15.11 / 12:09

Manufacturing Airlines President show country Inside travelers UAE president visits Dubai Air Show as Russian arms company shows attack helicopter used in Ukraine

The leader of the United Arab Emirates has toured the Dubai Air Show as a sanctioned Russian arms supplier displayed an attack helicopter used in its war on Ukraine

15.11 / 12:09

Manufacturing economy pandemic President show reports travelers China's economy shows sparks of life, despite persisting weakness in troubled real estate sector

China has reported its economic growth showed more signs of rekindling in October as retail sales and factory output picked up even though the property sector remained sluggish

15.11 / 11:56

Manufacturing awards Amicus innovations Aequs bags 10-year deal to supply parts to Airbus

Aequs has bagged a 10-year contract to make parts for Airbus’ A320, A330neo and A350 aircrafts. Under the terms of the agreement, Aequs will make detailed parts, and parts with bench assembly for wings, fuselage, and pylons for Airbus’ including its popular single-aisle family of aircraft over the period of the contract. Aravind Melligeri, Chairman of Aequs, said, “This contract is a significant moment in Aequs' journey with Airbus.

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