Manufacturing Financial News

stocks rallied as much as 15% in Mumbai trading on Wednesday even as equity benchmarks, BSE Sensex and NSE Nifty, traded in the green amid brisk buying in frontline bluechip counters. Stocks that surged in excess of 15% included, Devki Leasing(20.00%), Brooks Labs(20.00%), Ksolves India(19.99%), United Credit(19.99%), GRSE(19.99%), Ador Multiprod(19.98%), Vibhor Steel Tubes(19.96%), Sindhu Trade(19.94%), Asian Oilfield(19.40%) and Panchsheel Org(17.72%).

Subscribe to enjoy similar stories. The decade ending 2023-24 shows an interesting trend of a distinct decline in the contribution of manufacturing to India’s overall story of economic growth. While it may not exactly be called ‘de-industrialization,’ given the high level of sophistication we have reached in terms of the spread and quality of products, a grand shift to services is discernible and may prove quite challenging to reverse.

renewable energy (RE) sector may soon face regulatory pressures taking cues from Europe and China to combat emerging challenges such as grid disturbances, subsidy-driven incentives, and negative energy prices, according to a report by JM Financial. The report refers to the situations arising in Western countries, including China, which is a major player in international renewable energy. «As the share of RE in the supply mix in India increases, we expect domestic policies to be influenced by global experiences in the next 3-4 years,» the report added.

Bajaj Auto will be in focus on Wednesday after the company’s board extended the appointment of Rajivnayan Rahulkumar Bajaj as the Managing Director & Chief Executive Officer for a further five years, starting April 1. They have also sanctioned an infusion of up to Rs 1,500 crore into the company's subsidiary, Bajaj Auto Credit, to be made in one or more tranches. The company informed on Tuesday that the current five-year term of appointment of Rajivnayan Rahulkumar Bajaj as the Managing Director & Chief Executive Officer of the Company is expiring on 31 March 2025. And, based on the recommendation of the nomination & remuneration committee, the Board of Directors has approved his re-appointment for another term of five consecutive years with effect from 1 April 2025.

Deven Choksey, MD, DRChoksey FinServ, says whenever the market has made a panic bottom in the past, in the following 3 months to 9 months or 12 months, some of the stocks would give a very smart recovery as high as 70-80% and as low as 25% to 30% in most of the cases. Should that particular trade hold this time around, then from the 21,800, 21,900 kind of a level which Nifty saw a few days back, market should have a recovery back to 24,200, 24,800 kind of levels. Choksey says it is time to buy the value. Some of the NBFCs, HFCs, manufacturers supplying to renewable companies and power utilities or companies in engineering R&D, have some brilliant propositions in the corrective downside. We have had an over 1,000-point recovery on Sensex from the lows. How believable and sustainable is it looking to you? Deven Choksey: The question that should be asked is why should it sustain? The most important part, technically, the market has been in an oversold situation for a long period of time and that oversold situation was continuing largely because of the constant selling by the FPIs. Now, the selling of the FPI has muted, it has come down to a greater extent, largely also because of the fact that the currency is also not depreciating.

Zydus Lifesciences shares will be in focus on Wednesday after the company secured final approval from the US Food and Drug Administration (USFDA) to manufacture a generic version of Apalutamide tablets, used to treat prostate cancer. The approval covers Apalutamide tablets of 60 mg strength, the company said in a regulatory filing. The drug will be manufactured at Zydus Lifesciences' SEZ facility in Ahmedabad.

Considering the GMP of Rs 3, the stock will likely be listed at a premium of nearly 3% over the issue price. However, this could change depending on the market sentiments when the debut actually happens.

Samsung Electronics said on Wednesday it is looking to drive growth as it faced tough questions from shareholders after its failure to ride an artificial intelligence boom made it one of the worst-performing tech stocks last year. The South Korean firm has been suffering from weak earnings and sagging share prices in recent quarters after falling behind rivals in advanced memory chips and contract chip manufacturing, which have enjoyed strong demand from AI projects. «I have never been to a Samsung AGM since I became its shareholder in 2000, but I wanted to see what executives have to say (this time) and what they will do,» a 65-year old shareholder who only gave his family name, Lee, told Reuters ahead of the meeting. «They should go all-in on the memory chip business, where they can excel, or do something about the foundry,» he said. In internal meetings, Samsung has acknowledged it has lost ground. This is particularly true in semiconductors, where it lags SK Hynix in high bandwidth memory (HBM) chips that Nvidia and others rely on for AI graphic processing units.

Subscribe to enjoy similar stories. During the wee hours on Sunday mornings, there isn’t much traffic on the Yamuna Expressway. Most people stay indoors, preferring the comfort of their homes as the mercury rises steadily.

US Treasury Secretary Scott Bessent on Tuesday said Washington could hold off reciprocal tariffs for countries that halt practices it deems unfair, adding that officials will produce a list of levies on April 2. This is the date on which President Donald Trump has promised reciprocal duties set to affect both US allies and competitors, with tariffs tailored to each trading partner. «What's going to happen on April 2 — each country will receive a number that we believe represents their tariffs,» Bessent told Fox Business in an interview, adding that the level could vary. «We are going to go to them and say, look, here's where we think the tariff levels are, non-tariff barriers, currency manipulation, unfair funding, labor suppression,» he added. If they stop these practices, Bessent said, «we will not put up the tariff wall.»

Federal Reserve said in a statement. This was significantly above market expectations for a 0.2 percent rise, according to Briefing.com. President Donald Trump has embarked on a trade war since taking office, hitting top US trading partners like Canada, Mexico, and China, in a move that has unsettled the financial markets. Trade uncertainty has lingered for months, but it seems that tariff-sensitive sectors like autos have looked to produce more goods while they still face lower trade barriers. There was a steep rise in manufacturing output, which was «boosted by a jump of 8.5 percent in the index for motor vehicles and parts,» the Fed said.

revenue and profit is to check their relative financial performance and pick up companies that have reported growth in these parameters. According to the ETIG analysis, there are nine companies in ET 500, which have reported revenue and net profit in nine months to December that exceeded the corresponding numbers for the previous fiscal year, that is FY24. The list includes brokerage firm Motilal Oswal Financial Services, AU Small Finance Bank, infrastructure companies such as GMR Power, Texmaco Rail and Engineering, and Suzlon Energy, electronics manufacturer Dixon Technologies, new age companies Zomato and PB Fintech, and Gokul Agro Resources, which manufactures edible and nonedible oils.

Respondents to the March CNBC Fed Survey have raised the risk of recession to the highest level in six months, cut their growth forecast for 2025 and raised their inflation outlook.

Pallavi, turned the tables on the sharks in the latest episode of Shark Tank India. Walking into the tank seeking investment for her biodegradable plastics business, she left with a deal far beyond her original ask. The judges, known for grilling contestants, found themselves in an unexpected bidding war, each vying for a piece of her “earth-shattering” innovation. Pallavi’s startup specializes in biodegradable plastics that are not only environmentally friendly but also significantly cheaper than existing alternatives. Her products have already gained traction, securing deals with major clients like Maruti Suzuki and Berger Paints. But what truly set her apart was the immense potential of her technology, which extends beyond plastics to paints and emulsions. Recognizing the scale of her vision, investor Anupam Mittal of Shaadi.com described it as a once-in-50-year breakthrough, comparing it to transformative inventions like the telegraph and computer chips.

India is making significant strides towards becoming self-reliant in solar cell and module manufacturing. As per estimates from Rubix, an analytics services provider, imports of solar cells and modules declined by 20 per cent and 57 per cent respectively in the first eight months of 2024-25.

Subscribe to enjoy similar stories. For Global companies, there is no place quite like America. As growth in China and Europe has slowed, its economy has continued expanding at a decent clip.

Hindustan Unilever (HUL) will be in focus on Tuesday after the Competition Commission of India (CCI) approved the company’s proposal to acquire Uprising Science, the parent company of beauty and personal care brand Minimalist, on Monday. Jaipur-based Uprising Science specializes in manufacturing and selling beauty, personal care, baby care, and hair care products under the 'Minimalist' brand.

Audi said Monday it will cut 7,500 jobs by 2029 in Germany, citing «immense challenges» as the country's auto industry battles slowing electric vehicle demand and rising Chinese competition. The cuts — amounting to about eight percent of Audi's global workforce — were aimed at boosting «productivity, speed and flexibility» at its factories in its home market, the manufacturer said. «The economic conditions are becoming increasingly tougher, competitive pressure and political uncertainties are presenting the company with immense challenges,» Audi, a subsidiary of Volkswagen, said in a statement. It is the latest bad news from the ailing auto sector in Europe's biggest economy, which has been hit hard by a stuttering shift to electric cars, fierce competition in key market China from local rivals and weak demand. Audi, headquartered in the Bavarian city of Ingolstadt, said the cuts would be in areas like administration and development and be carried out in a «socially responsible» manner, meaning there would be no compulsory redundancies.

Ford is understood to have finalised plans to use its mothballed factory near Chennai to manufacture and export engines and related components, people aware of the development told ET. Details of the plan will be announced in the second quarter of this year, they said. Vehicle manufacturing is not part of the India strategy. “Ford is going to be making engines at the Chennai plant,” one of the people said. “It (the facility) will be repurposed for export-focused production. This decision is part of Ford's broader global strategy.”

Zomato is facing an insolvency plea from uniform supplier Nona Lifestyle, alleging unpaid dues of Rs 1.64 crore, as reported by Bar and Bench on March 17. The National Company Law Tribunal (NCLT) has adjourned the case to April 3, requesting the petitioner to clarify its next steps. According to the report, B2B apparel manufacturer Nona Lifestyle has approached the NCLT to initiate the corporate insolvency resolution process (CIRP) against Zomato over alleged non-payment for supplied uniforms and merchandise, including ICC World Cup 2023 apparel.