Manufacturing Financial News
07.11 / 01:47
IPO
Manufacturing
Mobile
Allianz
Experts
band
ASK Automotive raises Rs 250 cr from anchors; IPO opens today
ASK Automotive on Monday said it has mobilised a little over Rs 250 crore from anchor investors ahead of its initial share sale which opens for public subscription on Tuesday. The company has allotted 88.71 lakh equity shares to 25 funds at Rs 282 apiece, which is also the upper end of the price band, according to a circular uploaded on the BSE website. At the price, the company has garnered Rs 250.17 crore from anchor investors.
07.11 / 01:47
Provident
Manufacturing
CEO
Tesla
country
electronic
Department
2024
elon
India looks to fast-track approvals for Elon Musk's Tesla by January 2024
India is pulling out all the stops to get Elon Musk's Tesla to the country with government departments working to provide all the required approvals by January 2024. The Prime Minister's Office Monday held a meeting with top officials to take stock of the next phase of electric vehicle (EV) manufacturing in the country, including Tesla's investment proposal, people with knowledge of the matter told ET. «Though the agenda of the meeting was centred on general policy matters, fast-tracking approvals by January 2024 to Tesla's proposed investment in the country was spelt out,» a top official said.
07.11 / 00:19
Manufacturing
Strategy
Microchip
Department
Intel in lead position for billions in funding for secure defense chip factories
Intel (NASDAQ:INTC) is at the forefront of possibly receiving multi-billion-dollar government funding for secure microchip manufacturing plants serving the U.S. defense and intelligence, according to The Wall Street Journal, which cited people familiar with the matter.
06.11 / 19:21
Cooper
Manufacturing
Volkswagen
performer
country
exclusive
UK springs EV surprise in FTA talks with India
₹33.30-49.9 lakh) price range in a surprising move, given that India had placed EVs on an exclusion list for concessions. The UK’s interest was thought to be in the luxury EV segment. For the UK, access to the Indian EV market remains a priority, and the $40,000-60,000 segment—the so-called premium segment—is thought to be a sweet spot for potential sales and market expansion.
06.11 / 19:21
Manufacturing
Southern
stage
Mother Dairy plans to build ₹500 crore Nagpur dairy plant
₹500 crore to expand its presence beyond North India. The unit is part of its ₹700 crore capex outlay planned for three-four years approved by its board last year. The facility will produce both milk and valued-added dairy products, said Mother Dairy Fruit and Vegetable Pvt.
06.11 / 17:11
Manufacturing
CEO
Align
Patrick
President
Inside
Weekly
Buffett sells BYD shares; a 51% WeWork bid: Insider trades & hedge funds weekly
Investing.com — Here is your Pro Recap of the biggest insider trades and institutional investor headlines you may have missed last week: Berkshire Hathaway sells $25.8 million worth of shares in China's BYD, Cole Capital Funds seeks to acquire 51% of WeWork, and top brass buys at Align Technology, Arbor Realty Trust, Loews, Greenbrier, and Fifth Third Bancorp.
06.11 / 17:08
Target
Reuters
Manufacturing
Airlines
Boeing
reports
travelers
Air Lease doubts if Boeing, Airbus can meet annual delivery targets
(Reuters) — Air Lease (NYSE:AL) on Monday cast doubt on whether planemakers Boeing (NYSE:BA) and Airbus would hit their 2023 delivery targets due to quality issues at their suppliers.
06.11 / 16:37
Aviat
Manufacturing
CEO
Strategy
Apple
performer
reports
fall
Buffett's firm reports $12.8B loss as investments fall, its insurers performed well
Warren Buffett's company has reported a $12.8 billion loss as the paper value of its investments fell, but the companies it owns — particularly the insurers — generally performed well
06.11 / 16:37
Citi
Provident
Manufacturing
Chevrolet
Inside
rock
reports
New vehicles from Detroit's automakers are planned in contracts that ended UAW strikes
Stellantis plans to build a new midsize pickup truck, along with battery-run versions of six Jeep, Ram and Dodge vehicles
06.11 / 16:37
BLOCK
Waters
Manufacturing
Parke
information
2020
reports
U.S. regulators
U.S. regulators will review car-tire chemical that kills salmon, upon request from West Coast tribes
Federal regulators will review the use of a chemical found in tires after a petition from Native American tribes in California and Washington state
06.11 / 16:37
Manufacturing
Enterprise
Battlefield
show
country
testing
evacuation
Ukraine minister says he wants to turn his country into a weapons production hub for the West
Ukraine's newly appointed head of defense industry says he wants to turn the country into a weapons hub for the West
06.11 / 14:49
Manufacturing
Dreams
WhatsApp
Celebrity
Pride
innovations
Jewellery
Sutra Fine Jewellery Redefines Traditional Polki Jewellery with 'Sargam'
Sutra Fine Jewellery stands as a testament to timeless elegance and exquisite design. For women who cherish intricate jewelry and adore making a statement with their attire, Sutra is the name that encapsulates the essence of their style. With their first collection “Sargam," Sutra Fine Jewellery embarks on a mission to make the world of handmade gold-polki jewelry more versatile and accessible than ever before.
06.11 / 13:28
IPO
Provident
FIVE
Manufacturing
Mobile
band
reports
ASK Automotive IPO opens tomorrow: GMP, issue details, review, 10 key things to know
CRISIL Report, the company's brand 'ASK' is acknowledged as the top brand in the 2W IAM with respect to production volume for Fiscal 2023 in India. With effect from Fiscal 2022, the company has been providing commercial supplies to Indian 2W EV OEMs, including as TVS Motor Company Limited, Hero MotoCorp Limited, Ather Energy Private Limited, Greaves Electric Mobility Private Limited, Bajaj Auto Limited, and Revolt Intellicorp Private Limited.
06.11 / 13:28
Manufacturing
Micron
Coherent
show
electronic
reports
testing
The ambitions of Tata and Vedanta in electronics are a study in contrast
Vedanta Ltd a lesson on the better path toward industrial expansion. Taipei-based Wistron is slowly exiting its business of assembling Apple’s marquee product. Two years ago, it sold a Chinese unit that makes iPhones to Luxshare Precision Industry Co.
06.11 / 13:01
Target
Reuters
Manufacturing
Tesla
BioNTech
reports
fall
Tesla, BioNTech, Berkshire Hathaway rise premarket; Dish Network fall
Investing.com — U.S. futures edged higher Monday, as investors awaited the release of more quarterly corporate earnings as the new week starts with a positive tone.
06.11 / 12:01
Provident
Reuters
Manufacturing
Tesla
Occidental
blues
reports
Dow futures edge higher amid Fed pause bets; more earnings due
Investing.com — U.S. stock futures traded slightly higher Monday, continuing last week’s positive tone with investors looking ahead to a fresh batch of corporate earnings.
06.11 / 10:05
Manufacturing
economy
pandemic
show
2020
reports
UK construction sector shrinks again as house-building slumps - PMI
LONDON (Reuters) — Britain's construction industry suffered a second month of shrinkage in October as higher borrowing costs hit house-builders and worries about the weak economy put clients off new investment, a survey showed on Monday.
06.11 / 09:17
Provident
Manufacturing
economy
show
performer
German service sector activity contracts in October - PMI
BERLIN (Reuters) — The German service sector slipped back into contraction in October amid persistent weakness in demand, a survey showed on Monday.
06.11 / 09:17
Manufacturing
Compilation
economy
Continental
show
2020
Q4
Euro zone economy started Q4 on back foot, stoking recession fears -PMI
LONDON (Reuters) — The downturn in euro zone business activity accelerated last month as demand in the dominant services industry weakened further, a survey showed on Monday, suggesting there is a growing chance of a recession in the 20-country currency union.
06.11 / 08:37
Citi
IPO
Manufacturing
economy
Experts
show
performer
IPOs
India's economic resilience causing a strong influx of IPOs, says Mahavir Lunawat of Pantomath Capital Advisors
Mahavir Lunawat, MD of Pantomath Capital Advisors believes India's economic resilience and its attractiveness as an investment hub are causing a strong influx of IPOs. In an interview with Mint, Lunawat said the IPO trend will continue in H2 2024, with a strong pipeline of over $9 billion. Edited excerpts: Compared to most of the other major economies, India stands out distinctly as one of the bright spots in the world today.
06.11 / 08:09
Citi
Manufacturing
economy
Remark
show
country
Ft
Indian warehousing records 23 million sq ft deals, rental growth in April-September
Pune and Chennai at 4% and Ahmedabad with a 3% growth in six months were markets with the most growth, showed a Knight Frank India study. Total 23 million sq ft space transacted in the first half ending September across the top eight markets represents a 10% on-year drop in volume.
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