Manufacturing Financial News

15.11 / 10:59

Target Manufacturing economy show country electronic Japan Q3 GDP shrinks more than expected as sticky inflation weighs

Investing.com-- The Japanese economy shrank more than expected in the third quarter as sticky inflation and a weak yen dented private spending, while demand in the country’s biggest export destinations also worsened.

15.11 / 10:59

Manufacturing reports Infineon reports better-than-expected 2023 revenue on semiconductor demand

BERLIN (Reuters) -German chip manufacturer Infineon (OTC:IFNNY) reported higher-than-expected revenue for its 2023 fiscal year on Wednesday as demand for semiconductors, particularly in the electromobility and renewable energy sectors, remains unabated.

15.11 / 09:01

IPO Manufacturing WhatsApp Experts band country recommendations ASK Automotive shares debut at 8% premium. Should you buy, sell or hold?

ASK Automotive shares should do it from a medium-to-long-term perspective, a couple of analysts recommended. The stock made a modest debut on the exchanges at a premium of nearly 8% today.

15.11 / 07:35

Provident Reuters Manufacturing Assurant Align performer reports stake Siemens AG to acquire 18% stake in Indian JV for discounted price of ₹18,968 crore

Siemens AG on November 15 said it is planning to purchase an 18 percent stake in the Indian joint venture, Siemens Limited, from Siemens Energy, Reuters reported. The proposed acquisition is valued at ₹18,968 crore (2.1 billion euros or $2.28 billion) and represents a discount of 15 percent based on the average price, it added.

15.11 / 07:07

Manufacturing Action Strategy economy electronic Maple Ridge, B.C. to be home of new $1.05-billion lithium-ion battery plant

battery plant and an anticipated 450 permanent jobs.Prime Minister Justin Trudeau and Premier David Eby made the announcement Tuesday, touting the partnership with battery cell maker E-One Moli as a step towards developing B.C.’s clean economy.Under the deal, B.C. will fund up to $80 million for the new advanced manufacturing facility, which the province said will be the first of its kind in western Canada.The federal government is putting up $204.5 million through the Net Zero Accelerator Initiative, which is aimed at supporting companies that can help Canada reach its greenhouse gas emission targets.The plant will anchor E-One Moli’s North American operations and create a B.C.

15.11 / 06:31

Manufacturing economy Experts reports recommendations SRF, Aarti share prices rise 11-18% from October lows as Morgan Stanley gives a thumbs-up

SRF and Aarti Industries have seen 11-18 % rise in their share prices since their October Lows. The outlook for the specialty chemical manufacturers is improving and they are expected to have seen earnings to have bottomed out. The weak demand from developed markets led to increased concerns about specialty chemical manufacturers during the first half of FY24.

15.11 / 05:55

Manufacturing Software Align country electronic reports testing New policy to boost EV charger manufacturing in India

Phased Manufacturing Program (PMP) for electric vehicle (EV) charger components, aligning with the FAME India Scheme Phase-II to promote domestic manufacturing. In a notification dated November 7, 2023, the government has listed various charger components and specified timelines for their indigenization, signaling a shift toward domestically produced parts. This includes crucial elements such as charger enclosures, internal wiring harnesses, and software for charge point operators (CPO) and management systems (CMS), effective from December 1, 2021.

15.11 / 04:51

IPO Manufacturing WhatsApp Experts recommendations ASK Automotive shares list at 8% premium over IPO price

ASK Automotive listed at a premium of 8% on the exchanges on Wednesday. The stock debuted at Rs Rs 304.9 on BSE, up 8.1% over the IPO price of Rs 282.

15.11 / 02:31

IPO Manufacturing Experts band information recommendations gatherings ASK Automotive IPO listing date today. GMP, experts predict 'decent' debut of shares

ASK Automotive IPO: Listing date of the initial public offering (IPO) of ASK Automotive Limited has been fixed on 15th November 2023 i.e. today. As per the information available on official website of BSE, "....

15.11 / 01:21

Manufacturing economy Experts show performer reports services play India's Q2 GDP growth seen at 6.7% on strong services play

Indian economy likely expected 6.7% in the July-September quarter, according to a median forecast of 10 economists polled by ET, boosted by a strong performance by the services sector. The Reserve Bank of India (RBI) has forecast 6.5% growth in the quarter. Robust manufacturing and construction activity also likely contributed to growth in the second quarter, economists said. Forecasts ranged from 6.2% to 7%.

15.11 / 01:21

Provident Manufacturing Mobile Qualcomm Experts electronic reports TV content broadcast proposal: Telecom sector gets wrong signal from Direct-to-Mobile

Telecom operators, chip makers, network providers and handset makers have strongly opposed any hurried decision on a proposed idea to beam TV content directly to mobile phones without a cellular data connection, as the technology is still immature. The smartphone industry is worried that adoption of the proposal making it mandatory for devices to offer support to direct-to-mobile (D2M) broadcasting will increase the cost of devices by $30 (₹2,500) at least.

14.11 / 20:13

Manufacturing Tesla show cover UAW workers at GM's Spring Hill plant vote against tentative deal

(Reuters) — Workers belonging to the United Auto Workers (UAW) union at General Motors (NYSE:GM)' Spring Hill plant in Tennessee have voted against a proposed contract with the automaker, the union's vote tracker showed on Tuesday.

14.11 / 20:01

Aware Manufacturing country 2020 reports Enel picks HSBC to sell India green portfolio

NEW DELHI : Italy’s Enel Group is looking to sell its entire renewable energy business in India and has hired HSBC for the transaction, two people aware of the development said. The proposed deal may have an equity value of around $300 million, the people said. The portfolio of Enel Green Power India comprises 760 megawatts (MW) of operational wind and solar power assets and a development pipeline of 2 gigawatts (GW).

14.11 / 20:01

Manufacturing Platform show InoxGFL bets big on battery chemicals in $1 bn investment

NEW DELHI : The InoxGFL Group plans to invest nearly $1 billion across segments, including battery chemicals, green hydrogen and wind energy services, over the next three to four years, a big chunk of which will go into India’s largest battery chemicals factory it plans to build in Gujarat.. In an interview, Devansh Jain, executive director, InoxGFL said the factory investment is in the initial phase of discussions. The business is housed under GFCL EV Products Ltd, a subsidiary.

14.11 / 16:31

Manufacturing CEO economy Continental pandemic testing Unemployment Was the One Economic Problem Europe Didn’t Have. No Longer.

FRANKFURT—Europe’s labor markets are starting to crack. After a year of near-zero economic growth, job creation is slowing and surveys suggest that more businesses in the region are preparing to lay off workers, threatening to further damp growth and drain public coffers. Germany’s unemployment rate has climbed by 0.8 percentage point in recent months to 5.8%, the highest level since 2017 outside the pandemic period.

14.11 / 15:58

Manufacturing CEO information Department In crowded field of psychedelic startups, Filament CEO makes case for 'natural' drugs

More drugmakers are seeking to harness the medical potential of psychedelics for treating depression, addiction and other hard-to-treat conditions

14.11 / 15:58

Aviat Manufacturing Airlines Boeing President show travelers Long-haul carrier Emirates signals it will hold off on major Airbus purchase over engine worries

Long-haul carrier Emirates has signaled it will hold off on a major purchase of Airbus A350 aircraft over concerns about their Rolls Royce engines, marking a major blow for the European manufacturer as it hopes to close the sale during the Dubai Air Show

14.11 / 15:57

Citi Target Manufacturing Action show country travelers Dubai air chiefs summit, sponsored by Israeli firm, avoids discussing strikes as Hamas war rages

As Israel unleashes one of the most-intense aerial bombing campaigns the Middle East has ever seen, leaders from the world’s top air forces are meeting in the United Arab Emirates to talk about almost anything that isn’t an airstrike

14.11 / 15:57

Manufacturing Landmark President country reports gatherings end Landmark treaty to end global plastic pollution are advancing in Kenya's capital

Efforts to create a landmark treaty to end global plastic pollution are advancing at a meeting where participants are discussing the treaty's draft language for the first time

14.11 / 15:57

Manufacturing Mobile Southern President Exxon Mobil is drilling for lithium in Arkansas and expects to begin production by 2027

Exxon Mobil is drilling for lithium in Arkansas and expects to begin production of the critical material for electric vehicles by 2027

14.11 / 15:57

Manufacturing Racing Software Banner President testing Andretti's F1 effort boosted by General Motors plan to supply engines starting in 2028

General Motors has registered with Formula One’s governing body to become an engine supplier starting in 2028 in what is seen as a huge boost to Michael Andretti’s bid to join the global motorsports series

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