Manufacturing Financial News

₹1 lakh in December 2000 would have been ₹21 lakh today. From the latest intra high of 17,754.05, dated September 12, it went down by 7.25% on October 26, and on November 3, Nifty 50 closed at 17,000.95, which is 4.25% lower. A short-term break in the long-term growing market.

India has cleared the first 100% foreign direct investment (FDI) in the defence sector, with permissions granted to Sweden's Saab to set up a new facility that will manufacture rockets. Sources said the FDI proposal, valued at under ₹500 crore, was cleared last month. India currently allows up to 74% FDI in the defence sector under the automatic route.

Australia’s manufacturing sector requires huge amounts of heat and that hasn’t really changed since our first factories were built. While there’s now plenty of robots and advanced electronics in some industries, heavy industrial manufacturing such as the production of steel and cement hasn’t really changed in over 100 years.

By Joe Bavier

Foxconn to relocate its Apple AirPod manufacturing plant from Hyderabad to Bengaluru is fake. “An FIR has been lodged at the Cybercrime Police Station in this regard,” he said. The two-page letter addressed to Chairman of Hon Hai Precision Industry (Foxconn Technology Group) Young Lu, urged the company that the move would hold several mutual benefits.

Amazon Great Indian Festival Sale at a price tag of ₹999. In terms of features, the Redgear Cosmo 7.1 gaming headset offers immersive virtual 7.1 surround sound, a high-quality noise-canceling microphone, comfortable design with memory foam ear pads, passive noise cancellation, and stylish RGB LED lighting with audio control. The Redgear Pro Wireless Gamepad is priced at ₹1399 during the Amazon festive sale.This 2.4GHz wireless gamepad is claimed to offer up to 10 meters of range, 2-hour gameplay on a single charge, dual intensity motors for realism, force feedback, and illuminated backlit keys for visibility in low light.

Ukraine's newly appointed head of defense industry says he is working tirelessly to ramp up local arms production and wants to turn the country into a weapons production hub for the West. Oleksandr Kamysyhin, the minister for strategic industries of Ukraine, said that Russia's invasion of his country and the Israel-Hamas war raging in the Middle East have highlighted the need for countries to spend on their defense systems. «We're really focusing on making Ukraine the arsenal of the free world,» Kamyshin told The Associated Press in an interview late Friday. Kamyshyn said approximately 500 companies in Ukraine's defense industry are contributing to the country's efforts to increase weapons production in order to counter Russia's attempts to seize more territory. Among those are 70 state-owned factories, over 200 primarily private factories producing unmanned systems, and more than 200 private sector companies involved in the production of various types of weaponry and ammunition. «We are focused on producing all types of weapons and ammunition, and we show that we can test it on the battlefield and make it better during the war,» Kamyshin said.

₹3.50 lakh on models such as the XUV400, XUV300, Bolero, Bolero Neo, and Marazzo, reported HT Auto. Notably, flagship models like the XUV700, Scorpio-N, Scorpio Classic, and Thar are excluded from this month's benefit scheme. Here is a breakdown of potential savings on Mahindra SUV purchases this month.

Microchips are hot. Literally. As engineers cram more functions and power into chips, they require more energy and, thus, produce more heat than ever before.

global market, but it Is crucial to manage expectations as the only modifications made are to the motorcycle's color options. No other changes have been implemented. Two fresh color options, Adventure White and Adventure Orange, have been introduced.

investment proposals worth Rs 4,940 crore from investors for wind energy projects, an official said. This came to the fore on Friday when GRIDCO, a state government undertaking and the nodal agency for the development of renewable energy, in collaboration with its technical partner iFOREST, organized 'Odisha Wind Energy Summit — Investor Round Table' to explore investment opportunities in the wind power sector, the official said.

Warren Buffett says, “A full wallet is like a full bladder; you may have the urge to pee it away!" When there is abundance, many companies add greater capacities than required and some become lax on financial prudence. As a result, good times lay the seeds of tough times. The last large investment cycle that India witnessed was in the 2003-2007 period.

raise tariffs. A lot. He has proposed slapping a 10% tariff on all imported goods, thereby trebling the country’s average and taking American trade protectionism back to its mid-20th-century heyday.

₹3 crore were disbursed in each of the top 20 cities in FY22. In the first six months of this fiscal, more than 50 cities have already met that mark," said Ankit Mehra, co-founder and CEO of NBFC GyanDhan." The founder noted that the loan ticket may be marginally smaller because often the counsellors have access to smaller universities abroad.

Jaishankar has met Italian President Sergio Mattarella and other senior leaders here and discussed ways to further develop the bilateral strategic partnership in areas like defence, cyber security and counter-terrorism. Jaishankar, who was in Rome at the invitation of his Italian counterpart Antonio Tajani, concluded his four-day visit to Portugal and Italy on Friday.

honey manufacturer Tieng Thu Cam Company Ltd is eyeing Indian market for export of honey and actively looking for local distributors. Tieng Thu Cam, which has put up a stall at the ongoing three-day World Food India here, is already exporting honey to Cambodia, Malaysia, Laos and Middle East. «We want to export to India.

Apart from new offers, markets will also see listings of Cello World and Mamaearth, whose IPOs hit the Street a few days ago. Given the massive rush of public issues this year, India’s share (number of IPOs) in the global pie has increased sharply from just 6% in 2021 to 13% in the first half of 2023. Analysts expect this momentum to continue in the near future with the much-anticipated Tata Technologies IPO likely to be launched in the third or fourth week of November. «The stampede to market is expected to keep going well into 2024, with investors encouraged by strong listing gains and a robust economy. This month alone, there are 14 IPOs slated,» said Mahavir Lunawat, MD, Pantomath Capital Advisors. Next week, Protean eGov Technologies and ASK Automotive are planning to raise a cumulative Rs 1,324 crore through their public offers.

Apart from a boom in standalone restaurants, there's a surge in marriages, parties, ceremonies, outdoor catering and corporate events as well as a proliferation of cloud kitchens. All that has led to a spike in demand for restaurant and catering chefs, said industry executives and restaurateurs.

President Joe Biden on Friday welcomed leaders from countries across the Americas to an economic summit by pledging to increase U.S. investment in the region in part to counter China’s influence

Mizoram faces a huge problem of drug abuse and an influx from Myanmar has made cheap drugs available in the bordering state, which is going to assembly polls on November 7. In 2019, after its win, the Mizo National Front (MNF) government passed the Mizoram Liquor Prohibition Bill, 2019, prohibiting manufacture, sale and consumption of liquor. The MNF had promised to bring back the Mizoram Liquor Total Prohibition Act (MLTP), 1995, which was replaced in 2014 by Congress despite opposition from Church bodies and civil society groups.

New Delhi: Intel on Friday announced it will be collaborating with eight electronics manufacturing services companies and original design manufacturers (ODMs) in India to accelerate laptop manufacturing in the country. The eight companies are Bhagwati Products Ltd, Dixon Technologies India Ltd, Kaynes Technology India Ltd, Optiemus Electronics Ltd, Panache Digilife Ltd, Smile Electronics Ltd, Syrma SGS Technology Ltd and VVDN Technologies Pvt.