Manufacturing Financial News

25.10 / 17:19

COST UPS Citi Manufacturing reports Kajaria Ceramics banks on better volume in second half of FY24

Kajaria Ceramics Ltd has had a dull run in the first half of FY24 with year-on-year volume growth at a subdued 7% amid weakness in demand. After the September quarter (Q2FY24) results, the management has toned down expectations, slashing volume guidance for the year to 9-10% from 13-15% earlier. Having said that, the second half of FY24 (H2FY24) would be comparatively better.

25.10 / 17:19

Provident Manufacturing Software WhatsApp 2020 Narayan Murthy reveals why he founded Infosys: 'It was an experiment in...'

Narayana Murthy had established Infosys in 1981 with six other engineers with the idea that the firm is an “experiment in entrepreneurship" – a company of the professionals, for the professionals and by the professionals. Infosys was founded in Pune and is headquartered in Bangalore.

25.10 / 17:11

COST Manufacturing Bill social reports Posthaste: Food banks in 'crisis mode' as visits soar to record on high inflation

Food bank visits in Canada soared to a new record this year as the rising cost of living makes it more difficult for people to afford groceries.

25.10 / 16:37

Manufacturing Chevron President country reports Returns Chevron's Caltex Lubes returns to India after 12 years; HPCL to market it

Chevron Corporation, the second largest oil company based in the United States is making a comeback in the Indian lubricants market after 12 years. Chevron Brands International LLC (Chevron), a subsidiary of Chevron Corporation and state-run Hindustan Petroleum Corporation Ltd (HPCL) have entered into a 10-year long-term agreement to license, produce, distribute, and market Chevron’s lubricant products under the Caltex brand. The companies officially launched the Caltex brand in the Indian market on Wednesday. HPCL’s state-of-the-art manufacturing facility at Silvassa will manufacture Caltex lubricants.

25.10 / 16:37

Manufacturing economy NXT performer country information India has lot of potentiality for growth; government needs to further improve ease of doing business: GP Hinduja

Hinduja family head is confident about the potential of India and firmly believes it will become the third-largest economy in the world by 2030. «At the moment, the best country with a lot of potentiality and growth is India, and it is well protected and secure.

25.10 / 16:37

UPS Waters Manufacturing Strategy stage electronic Daewoo enters Indian consumer electronics & appliance market through Kelwon Electronics

Daewoo has entered into fast-growing Indian consumer electronics and appliances market through its licensee partner Kelwon Electronics & Appliances, which has plans to invest around Rs 300 crore in the next three years. Kelwon, which sells products, including Lithium Hybrid Inverters and LED TVs, will introduce products in sectors such as energy and power, and consumer electronics, under brand Daewoo — now owned by South Korean conglomerate POSCO DAEWOO.

25.10 / 14:15

UPS Waves Career Manufacturing CEO Software reports Tech Mahindra Q2: Profit down 61%, lowest QoQ growth among peers

Tech Mahindra’s net profit for the fiscal second quarter plunged 61.5% on year, missing estimates, due to what it said were unanticipated pressure on capital expenditure and a lack of recovery in the communications domain, the software company’s largest revenue driver. Quarterly net profit stood at Rs 494 crore, with the sharp fall coming at a time when all leading industry peers have given a bleak FY24 guidance due to a delay in decision-making and cuts in discretionary spend.

25.10 / 14:15

UPS Target Progressive Manufacturing Gap economy country High value added steel – a new growth frontier for India

By Ranjan Dhar India, currently the fastest-growing major economy, is set to emerge as the third largest by 2027, propelled by a host of factors, including favourable demographics, stable and progressive policies with a strategic focus on infrastructure, digitisation, manufacturing, logistics, trade, and energy transition. Despite strong global headwinds and rising interest rates, India is still expected to grow between 6.5 per cent and 7.0 per cent by 2030. Steel will be at the heart of industrial expansion, which is why India plans to double steel production to 300 million tonnes per annum by 2030.

25.10 / 13:39

COST Waves Target Manufacturing performer reports week Balkrishna Industries shares hit new 52-week high post Q2 numbers; should you buy?

Balkrishna Industries, one of the leading manufacturers of over-the-highway tyres, extended their winning streak for the second consecutive trading session on Wednesday, rallying 2.84% to register a new 52-week high of ₹2,640. This increase in stock price is attributed to the company's Q2 FY24 performance, which came in line with analyst estimates. The company on Saturday reported a net profit of ₹335 crore for Q2 FY24, in comparison to ₹404 crore in Q2 FY23, while revenues came in at ₹2,226 crore, down from ₹2,704 crore.

25.10 / 13:39

Waves Manufacturing Toyota show reports Toyota Chairman Says People Are Finally Seeing the Reality About EVs

TOKYO—Toyota Motor Chairman Akio Toyoda, asked about electric-vehicle challenges including a recent lull in U.S. demand, said the industry was coming to recognize that there isn’t a single answer to reducing carbon emissions. “People are finally seeing reality," Toyoda said Wednesday, speaking in his capacity as the head of the Japan Automobile Manufacturers Association.

25.10 / 13:27

Lowe's Reuters Manufacturing country reports Turkey sees company balance sheets inflation-adjusted until 2026

By Ebru Tuncay and Birsen Altayli

25.10 / 13:11

COST Manufacturing CEO Airlines Boeing reports Costs Boeing loses $1.6 billion on fewer deliveries of airliners and higher costs for Air Force One jets

Boeing is reporting a loss of $1.64 billion in the third quarter

25.10 / 12:51

Reuters Cooper Manufacturing Browser President information recommendations Taiwan hopeful of reaching tax deal with US next year

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25.10 / 12:23

Provident FIVE Manufacturing WhatsApp Union Cabinet approves NPK fertiliser subsidy for 2023-24 rabi season

₹22,303-crore subsidy for phosphatic and potassic (P&K) fertilisers and the nutrient-based subsidy (NBS) rates for nitrogen, phosphorus and potassium (NPK) fertilisers for the 2023-24 Rabi season amid rising international prices. In the previous rabi season, the cabinet approved a ₹51,875 crore NBS subsidy, including support for indigenous fertilizer (SSP) through a freight subsidy. The subsidy on P&K fertilizers will be based on approved rates to ensure adequate availability and affordable prices for farmers, Union I&B Minister Anurag Thakur said.

25.10 / 11:11

UPS Manufacturing Fighting economy country prevention Oil steadies as Middle East war worries counter demand fears

By Natalie Grover

25.10 / 09:59

Provident Extreme Manufacturing Assurant Mobile country voice Activists demand transparency over Malaysia's move to extend Lynas Rare Earth's operations

Environmentalists have slammed Malaysia's move to let Australian miner Lynas import and process rare earths until March 2026

25.10 / 08:25

IPO Target FIVE Manufacturing Healthcare blues reports Customers Blue Jet Healthcare IPO: Five customers drive 76% of company's revenue

₹329 to ₹346 per equity share with a total lot size of 43 shares. The total IPO size is ₹840 crore, which is completely an offer for sale (OFS). Blue Jet Healthcare is a specialty pharmaceutical and healthcare ingredient and intermediate company, offering niche products targeted towards innovator pharmaceutical companies and multi-national generic pharmaceutical companies.

25.10 / 08:09

IPO Provident FIVE Manufacturing SoftBank electronic Kokusai Electric shares jump 28% in Tokyo debut

By Sam Nussey and Miho Uranaka

25.10 / 07:21

Manufacturing Pfizer WhatsApp MAT Iqvia infection Lupin Q2 Results: Board to meet on November 8 to discuss unaudited results

₹1,144.90, against previous close of ₹1,168. Check our Markets LIVE coverage here On October 23, Lupin said it has received approval from the United States Food and Drug Adminstration (US FDA) to market its generic Fluconazole tablets used in the treatment of fungal infections, the company told the exchanges.

25.10 / 07:21

UPS Waters Manufacturing Apple WhatsApp Flipkart Dussehra Sale 2023: MASSIVE discount on iPhone 13 up to ₹40,000! Here's how deal works…

₹20,000 inclusive of all the offers and discounts. Here is how the offer functions. The Apple iPhone 13 is available on Flipkart at a reduced price of ₹51,999, marked down by ₹7,901.

25.10 / 07:05

Manufacturing Apple President reports Low Foxconn founder Terry Gou lies low in Taiwan election as China tax probe reverberates

TAIPEI (Reuters) — After mastering making iPhones, Taiwan's Terry Gou, the billionaire founder of major Apple (NASDAQ:AAPL) supplier Foxconn, wanted to turn his entrepreneurial skills elsewhere — to be the island's next president.

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