Manufacturing Financial News

Elon Musk's Tesla, which has made the tax break a precondition for setting up its manufacturing plant in the country, the Financial Times reported. According to the Financial Times report, Tesla has sought an initial concession on customs duty levied on imported cars in India.

By Heekyong Yang

Investing.com — US stock futures experienced marginal decreases during Sunday's evening trade after Moody's (NYSE:MCO) Investors Service revised its US credit rating outlook from stable to negative.

Investing.com — Here is your weekly Pro Recap of the past week's biggest headlines in the electric vehicle space: Lucid commits to NACS in 2025; Tesla slumps in China; and XPeng delivers big.

World Cup or on the global macroeconomic stage. If one were to think of the global events that have unfolded over the last one year, one would have anticipated a reasonable correction in the equity market. However, India’s policy stance ensured that global geopolitical tensions didn’t impact India materially.

The Indian office space market has emerged as a beacon of stability and resilience in the year 2023, defying global economic uncertainties. With a remarkable absorption of around 38 million square feet of office space, nearly matching the levels witnessed in 2022, India’s commercial real estate sector continues to demonstrate robust momentum. This dynamic landscape is driven by key cities in the southern region, with Bengaluru at the forefront, along with the National Capital Region, collectively accounting for about half of the total office space demand.

Alphabet and Google CEO Sundar Pichai on Sunday wished Happy Diwali to all who celebrate and shared top trending «why» questions about the Diwali traditions people searching globally. «Happy Diwali to all who celebrate! We're seeing lots of interest about Diwali traditions on Search, here are a few of the top trending „why“ questions worldwide,» Pichai posted on X.

outer space. Two prototype low-Earth orbit satellites made by Hon Hai Precision Industry Co., better known as Foxconn, took off aboard a SpaceX rocket from Vandenberg Space Force Base in southern California on Saturday. The launch of the LEO satellites marks a key moment for the Taiwanese electronics manufacturer as it diversifies into new sectors, a shift that is taking greater urgency as some of its established businesses such as smartphones and laptops struggle. Foxconn is aiming to demonstrate that it has satellite technology to tap growing demand for communications from space. While Elon Musk’s Space Exploration Technologies Corp. has made and launched more than 5,000 LEO satellites for its Starlink constellation, Foxconn is betting it will be able to make satellites primarily for corporate and government clients. The satellites, co-developed with Taiwan’s National Central University, are the size of a backpack, weigh about 9 kilograms (20 pounds) each and carry cameras, communication devices and other equipment. They are designed to orbit Earth every 96 minutes at an altitude of 520 kilometers (323 miles).

Mike Cannon-Brookes’ Sun Cable venture has begun discussions with the federal government’s $15 billion National Reconstruction Fund about support for a cable-manufacturing plant in Tasmania.

Air Quality Index (AQI) stood at 202 at 7 am, the best in at least three weeks. An AQI between zero and 50 is considered 'good', 51 and 100 'satisfactory', 101 and 200 'moderate', 201 and 300 'poor', 301 and 400 'very poor', 401 and 450 'severe' and above 450 'severe plus'. Saturday's 24-hour average air quality index stood at 220, the lowest for the day before Diwali in eight years.

When embattled Tritium chief executive Jane Hunter approached National Reconstruction Fund (NRF) chairman Martijn Wilder in September about the possibility of accessing capital, there was hope the Brisbane fast-charger company could be the “first cab off the rank” from the Albanese government’s $15 billion manufacturing fund.

Indian stock market: Indian Railway Finance Corporation ltd (IRFC), REC Ltd, PFC (Power Finance Corporation Ltd) , UCO Bank, SJVN Ltd stand amongst the top mid cap gainers during Samvat 2079 having given 127-258% returns to investors during last one year. IRFC saw maximum gains followed by others The investor's confidence remained very strong on mid and small caps and the returns given by mid and small Indices have beaten Sensex and Nifty returns. The Sensex and Nifty are up by around 11% during the last year.

women apprentices on their shop floors, prompted by a biting shortage of skilled manpower as well as their drive to address the gender imbalance in their factories. There is a 4-5x surge in demand for young women who have completed Class 10/12 to be appointed as apprentices in the last six months, shows data shared by TeamLease Degree Apprenticeship with ET. “Factories are becoming increasingly gender agnostic as they are facing a big talent shortage,” said Sumit Kumar, chief business officer of TeamLease Degree Apprenticeship. “India has a skill shortage of approximately 130-150 million people across various sectors,” he said.

The British economy flatlined in the third quarter of the year

The Dallas Mavericks are playing a home game in the NBA’s In-Season Tournament for the first time on Friday night

Pressure is growing on Tesla in Sweden, where a trade union is demanding that the Texas-based automaker sign a collective bargaining agreement, which most employees in the Scandinavian country have

Kalyan Jewellers India, one of the country's largest jewellery companies, have soared by 230% since last Diwali. The stock initiated its bullish trajectory in July last year and has maintained the same momentum to date, gaining 465%. Also Read: Diwali 2023: What is ‘samvat’ and why does it hold significance for stock market investors? Over the last five months, Kalyan Jewellers stock has achieved successive record highs, with a recent peak on November 09 at ₹359.15 apiece.

₹63,000 per 10 grams observed ten days ago, and this has encouraged increased purchases, especially in lightweight offerings, it added. Also Read | Gold vs silver: Which is better for Diwali 2023 Muhurat trading — explained Gold prices have witnessed a decline of ₹800-1,500 per 10 grams (24 carats) from the peak level on October 28, reaching ₹61,200 per 10 grams in the national capital on Friday.

India and the United States pledged to strengthen their strategic alliance by enhancing defence and security collaborations and expanding cooperation in the Indo-Pacific region in response to China's growing military assertiveness on Friday. Additionally, they unveiled intentions to collaborate on the joint production of an armoured infantry vehicle.

Defense Secretary, Lloyd Austin, announced on Friday that India and the US are set to collaborate on co-producing infantry combat vehicles, marking a crucial step in their defense industrial cooperation. This announcement comes in the backdrop of both nations intensifying their strategic ties in response to China's growing military assertiveness. During the '2+2' ministerial dialogue, Austin highlighted ongoing efforts to expedite the delivery of MQ-9B drones to India from the US.

A plane that took off from London Stansted Airport in the U.K. was forced to turn around after only half an hour in the air after a crew member noticed one of the cabin windows was damaged.