Manufacturing Financial News

This is in stark contrast to one of the toughest placement seasons in recent memory faced by students at the country's top B-schools and engineering institutes as the technology sector — the biggest recruiter of white-collar talent — has cut fresher hiring amid macroeconomic uncertainty.

Also Read: Diwali 2023: What is ‘samvat’ and why does it hold significance for stock market investors? Exactly, the major positive for silver is rise in the industrial demand. The use in 5G technology, green energy and Electric Vehicles (EV) is likely to drive the market up. Nonetheless, China is clearly struggling with an economic downturn, we expect the recovery in the manufacturing activity somewhere in H2 of next year.

Big Issue magazine in celebration of his upcoming 75th birthday. The monarch will use this platform to showcase his Coronation Food Project, which is scheduled to be officially launched on his birthday, November 14.

Mullen Automotive (NASDAQ:MULN) secured a lease for a 121,615-square-foot warehouse located in Fullerton, California, on land that had previously housed a food manufacturing plant for many years.

gifting companies are feeling the freeze of the slowdown in the IT and IT-enabled services sector this Diwali season. IT/ITeS companies — which, with their huge workforces, are among the biggest spenders on Diwali gifts — have slashed their gift budgets by up to 50% and some have done away with gifting altogether, gifting companies such as PrintStop, IGP, Loopify and Swageazy told ET. «There's a blanket reduction in gift budgets. IT typically accounts for about 50% of our clients; there's been a 50% drop in their spends,» said Pratik Shah, cofounder of customised gifting company PrintStop.

Bank of India (RBI) will deduct the amount from their accounts and pay it towards the payment security mechanism (PSM). “Only those states which agree to DDM will be able to participate in PSM. Some states have given consent, J&K, Chandigarh, Haryana, Punjab, Delhi.

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. Tesla has no manufacturing plant in Sweden, but 130 members of the powerful metalworkers' union IF Metall walked out on October 27 at seven workshops across the country where its popular electric cars are serviced.

₹10,000 crore in its born-electric sports utility vehicle (SUV) program, with five EVs slated for launch on its grounds-up electric platform called Inglo. The first of these EVs will hit the market towards the end of 2024. The auto major has also inked global sourcing agreements for key components for the vehicles and has onboarded marquee investors such as British International Investment (BII) and Temasek for its EV subsidiary.

3M India, the local unit of a US-based material science company, on Friday also approved an arrangement to accelerate growth of its healthcare business in India. The company said the licensed manufacturer and reseller model will allow 3M India to continue to have exclusive access to the health care products and IP portfolio of the new entity and to continue to participate in the growing health care market in India. The distribution model will permit 3M India to act as an independent exclusive distributor of the new entity’s products in India, ensuring continued leverage for the health care business. “We are pleased with the arrangement with the new world-class healthcare entity and its affiliates," said Ramesh Ramadurai, managing director, 3M India. «We believe it to be in the best interests of 3M India and all its stakeholders,” Ramadurai added. The agreements have an initial term of five years, and will become effective upon the spin-off of 3M Company’s healthcare business into a standalone, public company. 3M Company expects to complete the global health care spin-off during the first half of 2024, subject to the final 3M Company Board of Directors’ approval and other required conditions.

Investing.com — Nvidia (NASDAQ:NVDA) will likely need «several months» to ramp up production of its new artificial intelligence chip aimed at capturing growing demand in China, according to analysts at Wolfe Research.

(Reuters) -Workers belonging to the United Auto Workers (UAW) at General Motors (NYSE:GM)' Flint assembly plant in Michigan have narrowly voted against a proposed contract with the U.S. automaker, the union's local chapter said.

Reliance Industries has raised Rs 20,000 crore in the largest bond issue by a non-financial Indian firm, paying 7.79 per cent interest rate, the company said on Friday. The coupon rate is 40 basis points more than the government's borrowing cost.

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Camlin Fine Sciences(CSFL): The brokerage has an ‘add’ call on the stock with a 1-year as well as 3-year (bull case) target price of ₹300, indicating an upside of 133 percent. "We bake in vanillin benefits in our FY24F estimates to arrive at an EPS of ₹15.1 for FY24F and ₹21.8 for FY25F. We valued the stock at 20x FY24F EPS to arrive at our higher target price of ₹300 from ₹180 earlier," it said.

Jindal Saw, whose shares have generated a tremendous return of 482%, spiking from ₹82.85 apiece to the current level of ₹482.55. On November 7, the shares hit a record high of ₹485. Also Read: Diwali 2023: What is ‘samvat’ and why does it hold significance for stock market investors? Fertilizers and Chemicals Travancore was the second top gainer in the Nifty 500 index.

As per data available from the industry body Society of Indian Automobile Manufacturers (SIAM), as many as 389,714 cars, sedans and utility vehicles were sold in the month under consideration, which is an increase of 15.9% over 336,330 units sold in the same period in the last financial year. This is the tenth straight month that monthly sales of passenger vehicles have breached the best-ever mark this year. The growth in the passenger vehicle segment was supported by demand for utility vehicles, which now account for more than half the passenger vehicles sold in the local market.

Israel showed interest in taking Indian workers, another nation has now shown its interest in doing the same. Taiwan which has tense relations with its neighbour China has shown interest in hiring nearly 100,000 Indians to work at factories, farms, and hospitals as reported by Bloomberg. A pact with Taiwan doesn’t suggest India is discarding the “One China Policy" — a position that recognizes the island as being a part of China.

₹one lakh crore is a significant milestone for the listed companies. Since last Diwali nine companies have successfully achieved this, demonstrating their resilience in a volatile market. Bharat Electronics crossed the ₹one lakh crore market capitalisation on September 01.

BEIJING — U.S. chipmaking giant Nvidia has reportedly found a way to sell high-end chips to Chinese companies — while remaining compliant with U.S. rules aimed at curbing China's access to the tech.

Gandhar Oil Refinery will open for subscription on November 21 and close on November 23. The allocation to anchor investors will be done on November 20. The company had filed its draft IPO papers last year and received approval for the same in June this year. The offer comprises a fresh equity issue of Rs 357 crore and an offer for sale (OFS) of Rs 143 crore.

Reserve Bank of India Governor Raghuram Rajan said. “We should be going at 8%-8.5% given the needs of the population and the need for jobs,” Rajan said via video link at an event in Beijing on Friday. Economic growth at 6%-6.5% is strong compared with other countries, “but relative to our need for jobs I think it’s still somewhat slow because we have a lot of young people who need to be employed.” While India’s expansion has outpaced that of other major economies, the country isn’t creating enough jobs for the millions of people joining the workforce every year.