Manufacturing Financial News

CBRE, the Industrial & Logistics (I&L) sector is likely to touch a 5-year high absorption mark and touch 36 – 38 million sq ft in 2023 across the top 8 cities in India. “With the surge in quality supply additions, robust festive demand, and the completion of pent-up projects, we anticipate the overall absorption to touch a 5-year high, reaching an impressive 36-38 million square feet by the end of 2023. The active participation of larger developers backed by institutional funds, contributing around 40% to the completed projects, underscores the sector's growth potential,” said Anshuman Magazine, Chairman & CEO — India, South-East Asia, Middle East & Africa, CBRE.

Ravi Dharamshi, CIO, ValueQuest Investment Advisors, says “when it comes to Sasta, achcha and growth and outlook being good, he is bullish on financials and manufacturing & capital goods where the tailwind is strong; manufacturing and capital goods. However, the valuations in the recent past have really gone through the roof. So some amount of correction consolidation is warranted over there. But the outlook still continues to remain very-very strong.” We had our first interaction in 2013 and from then to here, it has been 100x for the firm? Yes. I am not a very superstitious fellow, but I do believe in maintaining the humility for the returns and the AUM growth that we have seen. All those things get into your head and that can be harmful for future returns. Anyway we will pat ourselves on the back the day. Our job is to generate returns for the clients and that is what we want to focus on. Everything else is just output of what we do.

Blue Jet Healthcare IPO: The initial public offering (IPO) of Blue Jet Healthcare Limited has opened today. The book build issue will remain open for bidding till 27th October 2023. This means Blue Jet Healthcare IPO date to apply is from Wednesday to Friday this week.

By Rae Wee

Investing.com-- Oil prices fell slightly on Wednesday, extending sharp losses after a swathe of weak economic readings raised concerns over demand, although other data showed a sustained decline in U.S. inventories.

Goa government is working on attracting more 'digital nomads' and technology investment to the state by bolstering its electronics and accommodation infrastructure. This quarter, co-working shacks called 'sea hubs' will be set up along the beach, the state's minister of tourism and IT, Rohan Khaunte, told ET. «They can go and surf in the water, they can go to the shack and have some good Goan food, and then go and work at a workstation,» he said. High-speed internet connectivity in rural areas is crucial for both 'digital nomads' and the success of Goa's homestay policy, which the state government plans to roll out next month to take tourism to the hinterland.

By Hyunjoo Jin and David Shepardson

Qatar Airways’ outspoken chief executive, Akbar Al Baker, will leave the airline after 27 years, sparking hopes that his replacement could strike a more conciliatory tone in Canberra.

Sentiment was a little more cheerful during Tuesday’s session, following Monday’s recovery in stock and bond markets, and the return of the selling in precious metals and oil markets. European indices and US futures were trading higher as yields dipped further lower after the US 10-year could not hold above the key 5% level for long on Monday.

tech centre for agricultural and construction equipment manufacturer Case New Holland (CNH industrial) Global Chief Information and Digital Officer Marc Kermisch told ET, adding that the talent in the country touches «every single aspect» of the Group's ecosystem. CNH — which has 600 engineers working at the India Technical Centre (ITC) in Gurugram (Haryana) — is in the process of hiring an additional 400 over the next 12-24 months. «India is already 6X larger (in size than the average R&D centres globally) and will be quickly 10X larger.

₹1,500 crore in 2022-23, is looking to cut its reliance on Chinese raw material, even as it expands to Latin American markets. In an interview, Bhavesh Shah, managing director of the Gujarat-based firm, shared his views on how erratic rains dampened kharif sales as well as the concerns arising out of the improper use of pesticides by farmers. Edited excerpts: Kharif was not good due to (erratic) rainfall.

NEW DELHI : Japan's Suzuki Motor Corporation (SMC) on Tuesday said it is targeting the sales of 3 million passenger vehicles in India, its single-largest market, by 2030, reiterating its plans to double its manufacturing capacity in the country to 4 million units over the next decade. It expects India's total passenger vehicle market to have increased to 6 million units by then, up from just over 4 million units in 2023-24.

(Reuters) -Indivior on Monday agreed to pay $385 million to settle lawsuits in the U.S. brought by drug wholesalers on claims it illegally suppressed generic competition for its opioid addiction treatment Suboxone.

By Kirsty Needham

For decades, Apple has navigated an escalating series of challenges in China, from fake stores and factory protests to tightening censorship and app rules. Now, the iPhone maker risks getting dragged into the most volatile issue in U.S.-China relations: the future of Taiwan. On Sunday, Taiwanese contract manufacturer Foxconn Technology—one of Apple’s largest suppliers—said it is cooperating with Chinese authorities after state media reported China had opened tax and land-use probes into the company.

New Delhi: Swapnil Jain and Tarun Mehta didn’t know each other when they entered the portals of Indian Institute of Technology (IIT) Madras in 2007. By the time they graduated a few years later, the two design engineers had become friends. For a time, they went their separate ways, with Mehta going to Ashok Leyland while Jain ended up in General Motors.

multi-pathway approach in terms of green technologies in cars in a country as big and diverse as India to achieve carbon neutrality goals, a senior Toyota executive said on Tuesday. Multiple technology solutions at different price points are required to cater to different sets of customers in order to cut carbon footprint, he noted. In an interaction here, senior Toyota executives emphasised on the need to treat all technologies fairly to achieve carbon reduction goals.

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₹1.15 lakh ex-showroom in Bengaluru and Chennai (it’s priced at ₹1.20 lakh ex-showroom in other cities) as it looks to ramp up sales to 10,000 units a month, after having slashed the price from ₹1.45 lakh to ₹1.30 lakh just a couple of months ago. TVS Motor Company, which sells the popular iQube electric scooter, is advertising festive offers worth ₹10,000, including cashback. Hero MotoCorp's Vida V1 comes with benefits worth up to ₹21,000 including a ₹2,000 cash discount.

₹900 crore from ₹600 crore estimated earlier. The incremental amount would be spent on setting up a mould manufacturing capacity at Bhuj.

Malaysia’s government says it will allow Lynas Rare Earths to continue to import and process rare earths until March 2026