Manufacturing Financial News

Reliance Industries Limited (RIL) shares are expected to be in focus on Friday, March 21, after the conglomerate announced that its subsidiary Reliance Strategic Business Ventures (RSBVL) acquired a 100% stake in Nauyaan Tradings Private Limited (NTPL) for a mere consideration of Rs 1 lakh. “Please note that Reliance Strategic Business Ventures Limited (RSBVL), a wholly owned subsidiary of the Company has informed the Company that it has, today, acquired 100% equity stake in Nauyaan Tradings Private Limited (NTPL) for an aggregate consideration of Rs. 1,00,000/- from Welspun Tradings Limited, a wholly owned subsidiary of Welspun Corp Limited (WCL),” the company said in a regulatory filing.

Hero Motocorp shares are set to remain in focus on Friday, March 21, after the company announced that it has made a strategic investment of up to Rs 525 crores (in one or more tranches), in Euler Motors. This move aims to provide Hero MotoCorp with a strong foothold in the fast-growing electric three-wheeler market. “Moving swiftly towards its vision, “Be the Future of Mobility”, Hero MotoCorp, the world’s largest manufacturer of motorcycles and scooters, will make a strategic investment into the electric three-wheeler category by acquiring a significant stake in Euler Motors. The Company's board has approved a strategic investment of up to Rs. 525 crore (in one or more tranches), in Euler Motors Private Limited,” the company informed the stock exchanges.

«As far as other two-wheelers are concerned, by and large, they are doing reasonably well. We have to keep focusing from long-term on Bajaj. I do not see much of a problem there,» says Sudip Bandyopadhyay, Group Chairman, Inditrade Capital. Want to get your view on this entire auto space because today we have news flow coming in from Ola Electric on one end. On the other side, over the last couple of days, we have seen major auto players announcing price hikes that they will be rolling in from next month. How much do you think this price hike could aid the bottom line of these auto companies for FY25 and what is the outlook on the sector in general? Sudip Bandyopadhyay: The auto price hikes are definitely good news as far as the industry is concerned. Obviously, it kind of shows that there is demand, that is how the manufacturers are taking the risk of hiking prices.

The Next Generation Air Dominance (NGAD) program will replace Lockheed Martin's F-22 Raptor with a crewed aircraft built to enter combat alongside drones. The plane's design remains a closely held secret, but would most likely include stealthiness, advanced sensors and cutting-edge engines. Lockheed and Boeing are competing for the winner-take-all engineering and manufacturing development contract, worth more than $20 billion. The winner will eventually receive hundreds of billions of dollars in orders over the contract's multi-decade lifetime. For Boeing, a win would mark a sharp reversal of fortunes for a company that has struggled on both the commercial and defense sides of its business; a loss could be devastating. A victory for Lockheed Martin, the world's largest defense contractor, would keep its high-end offerings — it also makes the stealthy F-35 — on an upward trajectory. An Air Force spokesperson and Boeing and Lockheed representatives did not immediately respond to requests for comment.

In a statement released on Friday, the company said that its sales remain strong, and that it is in the process of clearing the backlog that had caused discrepancies in vehicle registration data. According to Ola, this backlog, which was not caused by any internal operational issues, is being addressed, with daily registration numbers already surpassing 50% of the company’s three-month daily sales average. As of the latest update, 40% of the February backlog has already been cleared, and Ola Electric expects the issue to be fully resolved by the end of March 2025.

Subscribe to enjoy similar stories. New Delhi: India's auto parts manufacturers are bracing for an uncertain future, as large automakers boost production of electric vehicles (EVs) at the expense of petrol and diesel models, in a shift that is transforming the requirements for components and increasing the role of technology.

Subscribe to enjoy similar stories. Following the recent market crash, several small-cap companies are staging an impressive recovery, fuelled by market corrections and renewed investor confidence. These agile firms are leveraging opportunities in niche markets and capitalizing on shifting consumer trends to drive growth.

There was an oft-repeated message in Federal Reserve chair Jerome Powell's press conference on Wednesday: Tariffs will raise consumer prices.

Hindalco's downstream operations are likely to bring in as much as 30-40% of the company's earnings before interest, tax, depreciation and amortisation in three-four years, its chief executive told ET. These operations — copper, downstream aluminium and speciality alumina — currently account for about 10% of the company's Ebitda, Satish Pai said. Once this mix changes, Hindalco's downstream businesses are likely to have an enterprise value of 8-9 times their Ebitda, while the upstream business may continue to be valued at six times. «In India, the downstream players are valued much higher. So that is where the whole game is,» Pai said. Capital-intensive sectors such as metals are generally valued using the EV/Ebitda valuation. Hindalco, a $26 billion company and the world's largest producer of aluminium by revenue, on Thursday unveiled a new brand identity, terming itself an engineered solutions provider instead of a materials supplier. «Hindalco's new identity reflects our role as a catalyst for change, a problem solver, and a co-creator of new solutions that power progress across industries,» chairman Kumar Mangalam Birla said at the launch.

Hindustan Unilever (HUL) on Thursday said it is acquiring a 14.3% stake in Lucro Plastecycle, a recycled flexible plastics maker, as part of its sustainability goals and to scale up the use of recycled content in packaging. Lucro is a waste management, recycling and product manufacturing company, working to create a circular plastics economy and fits in line with the government's vision of a zero plastic waste future, HUL said. «This investment is a significant step in building the capabilities in recycling and developing the circular economy model for plastic, which is in line with our firm belief that what is good for India is good for HUL,» HUL CMD Rohit Jawa said.

Hero MotoCorp has announced a strategic investment of up to Rs 525 crore in three-wheeled electric commercial vehicle maker Euler Motors. The investment, to be made in one or more tranches, will give Hero MotoCorp a 32.5% stake in Euler Motors on a fully diluted basis, according to a stock exchange filing on Thursday. “Our strategic investment in Euler is a bold step towards realising our vision to «Be the Future of Mobility.» This investment reinforces our commitment to accelerated growth through both organic and inorganic expansion while highlighting the power of collaboration and adaptability in an ever-evolving market," said Pawan Munjal, executive chairman, Hero MotoCorp.

interest rates steady. The Nasdaq Composite gained 0.3%, while the Dow Jones Industrial Average and S&P 500 both rose by 0.2%. This marked a continuation of Wednesday’s rally, which was fueled by Fed Chair Jerome Powell’s reassuring statements on inflation and recession risks. Despite prior concerns, Powell’s projection of two rate cuts later this year encouraged investor confidence.

Subscribe to enjoy similar stories. Foreign institutional investors (FIIs) have been shifting their focus from large-cap stocks to select smaller companies, reshaping investment patterns in the Indian market. In the December 2024 quarter, FIIs increased their stake in only nine Nifty 50 firms while trimming positions in the rest.

Subscribe to enjoy similar stories. The relief rally in small-cap stocks appears to have opened bargain hunting windows for mutual funds that recently avoided investments in new scrips in this segment, as beaten-down stocks begin to look more appealing. Small-caps chased by retail investors over more than two years plunged nearly 24% from their most recent highs, before a rally over the last three days limited losses to 20%.

Subscribe to enjoy similar stories. The Murugappa Group-owned Coromandel International Ltd is betting on its acquisition of NACL Industries Ltd to strengthen its domestic formulations business, Latin American presence and create synergies to establish a foothold in contract drug manufacturing, according to managing director S. Sankarasubramanian.

Subscribe to enjoy similar stories. Mumbai: Global private equity firm TPG Capital and Singapore government’s sovereign wealth fund GIC have entered the race to acquire up to 49% stake in the Indian operations of Chinese consumer durables maker Haier, four people aware of the development said. While TPG has teamed up with the Burman family, GIC is bidding along with the Goenka family of the Welspun Group, these people said.

Some Canadian companies are contemplating moving their operations to the United States as a long-term solution to get around Donald Trump‘s tariff threats and protect the viability of their businesses, according to a new survey by PricewaterhouseCoopers LLP Canada.

But his tariffs could have the opposite effect on the company's suppliers. Trump has imposed a few tariffs so far, but he says more are coming in just a few weeks. That threat has unnerved the aerospace industry, of which Boeing is one of the largest companies. Duties on aluminum and steel, two of the most important raw materials used in aircraft, are expected to raise manufacturing costs. But the industry is far more concerned by tariffs that take effect on goods from Canada and Mexico next month, which could disrupt the highly integrated North American supply chain. «These tariffs are particularly fraught for an industry like aerospace that has been duty-free for decades,» said Bruce Hirsh, a trade policy expert at Capitol Counsel, a lobbying firm in Washington, which has aerospace clients. «Parts are coming from everywhere.» Many companies have been able to avoid costly cross-border tariffs under a short-term reprieve for products covered by a North American trade agreement that Trump negotiated in his first term. But that deal expires in April.

Even as the economy undergoes what may be wrenching changes, the Federal Reserve on Wednesday is expected to signal it could cut its key interest rate twice this year — the same forecast it issued in December

With India’s mutual fund industry hitting the market regulator’s $7 billion overseas investment limit, one door has been shut for Indian investors looking for global diversification. But they have the alternative option of investing overseas through portfolio management services (PMS), which are professionally managed funds with access to international markets.

These high-performing stocks that rallied more than 10% during the session included, Samtex Fashions(14.97%), Tokyo Plast Int(14.44%), Visco Trade Associates(14.20%), Nelcast(14.07%), ideaForge Technology(13.82%), Futuristic Sol(13.82%), Swaraj Engines(13.80%), Loyal Equipments Ltd(13.51%), Bajaj Steel(13.10%) and Birla Cable(12.97%).