Manufacturing Financial News

23.10 / 17:47

COST Target Ford Manufacturing economy show United Auto Workers strike: Cost to US economy tops $9 billion

Comodo Motors general manager Jordan Baker joins The Big Money Show to discuss the impact on auto dealers and car buyers from the ongoing UAW strike.

23.10 / 17:45

COST UPS FIVE Manufacturing ICE cover Lotte plans to widen ice cream biz

₹550 crore over five years to boost production at Havmor Ice Cream. In 2017, Lotte had acquired Ahmedabad-based Havmor Ice Cream Ltd for ₹1,020 crore and has been consistently upgrading its facilities, systems, as well as the team since then. “We have planned investments of ₹550 crore over the next five years," said Komal Anand, managing director of Havmor Ice Cream.

23.10 / 17:13

UPS Digital Manufacturing Platform WhatsApp Need to create more jobs in farm sector: Ramesh Chand

NEW DELHI : Increasing use of labour-saving technologies such as robotics and artificial intelligence in manufacturing warrants creation of more jobs in agriculture and allied sectors, where new opportunities are emerging, according to NITI Aayog member Ramesh Chand. The idea of labour transition from agriculture to industry was envisaged in the model of economic growth pioneered by British economist Arthur Lewis but the emerging opportunities for job creation in the evolving agriculture sector needs to be explored given that manufacturing is becoming less labour-intensive with adoption of technology, Chand said in an interview. “That (transition of labour from farm sector to industry) was the earlier model of Arthur Lewis.

23.10 / 16:05

UPS Manufacturing country testing Department prevention copper Government rolls out quality mandate for copper products, drums, tin containers

₹2 lakh for the first offence. For subsequent offences the fine increases to a minimum of ₹5 lakh, and up to 10 times the value of the goods in question.

23.10 / 16:05

Provident Manufacturing BURST show country travelers Will the Indian consumer justify our sales optimism this season?

GST) mop-up. As this is a consumption-based tax, if its collections are increasing, it suggests higher consumption. Growth in these first 6 months has been around 11%, which comes on top of 32% growth (which was a blip because of the 2021 covid lockdown).

23.10 / 15:55

UPS Digital Manufacturing Mobile electronic innovations Centre Boat develops indigenous neckband IP with IT ministry's centre of excellence

indigenous neckband IP in collaboration with the Centre of Excellence for Electronics System Design and Manufacturing. The CoE was set up by the Ministry of Electronics and IT (Meity) in partnership with the Uttar Pradesh government and industry body India Cellular and Electronics Association (ICEA) in Noida.

23.10 / 14:23

Target SEC Manufacturing Tesla show reports Department U.S. DOJ seeks Tesla documents on driving range

Tesla (NASDAQ:TSLA) revealed Monday that the U.S. Department of Justice (DOJ) is seeking documents from the automaker related to the driving range of the company’s electric vehicles. The revelation follows reports that the company allegedly exaggerated their potential distance capabilities.

23.10 / 14:21

UPS Manufacturing Enterprise Healthcare cover Department copper Quality control orders for drums, copper products to boost local production

quality norms for copper products, drums and tin containers to curb their sub-standard imports and boost domestic manufacturing. The Department for Promotion of Industry and Internal Trade (DPIIT) issued two separate notifications — Drums and Tins (Quality Control) Order, 2023; and Copper Products (Quality Control) Order, 2023. These orders will come into force with effect from six months from the date of publication of this notification.

23.10 / 13:55

UPS Citi Manufacturing Mobile ICE Tata Motors’ plans to bifurcate the fossil-fuel based and EV biz take off as EV volumes expand

Tata Passenger Electric Mobility Ltd (TPEML), the EV arm of Tata Motors, will start selling electric vehicles through dedicated sales channels in select cities over the next few months and have a shop-in-shop concept at its existing sales channels. The TPG Rise-backed firm will also commence making internal combustion engine (ICE) models and EVs at its Sanand plant in 2024 as part of Tata Motors’ plans to clearly bifurcate the ICE and EV business, the company’s top executive said. TPEML acquired Ford India’s Sanand plant in August 2022 and completed the acquisition in January 2023 for Rs 725.7 crore. The Sanand plant has a manufacturing capacity of 3 lakh units per annum is scalable to 4.2 lakh units per annum. “The Sanand 2 plant will get operationalized next year.

23.10 / 13:38

Blockchain Mining Manufacturing Platform Bitmain Bitcoin reports Aleo Bitmain Diversifies Product Range with Aleo Blockchain Mining Machines

Bitmain, the leading manufacturer of Bitcoin (BTC) mining machines, has announced plans to launch miners designed for Aleo, a privacy-focused blockchain platform that utilizes zero-knowledge proofs (ZKP).

23.10 / 11:43

UPS Provident Manufacturing Gap country travelers Extend concessional tax rate of 15% to domestic infra industry, LLPs: India Inc

concessional tax rate of 15% to domestic infrastructure companies and non-corporate taxpayers like LLPs and trusts, exemption from withholding tax on payment of interests on overseas bonds having longer maturity period than 5 years and allowing carry forward and set off of business losses for service industry are some of the prominent direct tax proposals by industry for the Vote on Account. Currently companies set up after October 1 get a concessional tax rate of 15% which are engaged in the business of manufacture or production of an article or things, including generation of electricity. However this concessional tax rate is not available to the domestic companies engaged in the infrastructure sector.

23.10 / 11:43

Manufacturing Pfizer MAT Iqvia infection Lupin gets USFDA nod to market generic antifungal tablets

Lupin Ltd on Monday said it has received approval from the US health regulator to market its generic Fluconazole tablets used in the treatment of fungal infections. The approval granted by the US Food and Drug Administration (USFDA) for the abbreviated new drug application of Fluconazole tablets in strengths of 50 mg, 100 mg, 150 mg and 200 mg, Lupin said in a regulatory filing.

23.10 / 09:53

UPS IPO FIVE Booking Manufacturing Experts open Stationery maker Cello World's Rs 1,900-cr IPO to open on Oct 30

Cello World Ltd is set to launch its Rs 1,900-crore initial share sale for public subscription on October 30. The maiden public issue will conclude on November 1 and the anchor book of the offer will be opened for a day on October 27, according to the red herring prospectus. The issue is a complete offer for sale (OFS) by promoters and other selling shareholders with no fresh issue of equity share component.

23.10 / 09:43

UPS Lowe's Manufacturing performer reports Multibagger: Pearl Global Industries stock zooms 220% in 6 months; up 737% in 3 years

Pearl Global Industries shares have been performing exceptionally well on Dalal Street, rewarding their shareholders massively in a relatively short period of time. In just three months, the stock more than doubled investors' wealth by delivering a return of nearly 121%. Over the last six months, the stock has seen a significant increase in value, climbing from ₹438 apiece to ₹1,404, generating a return of 220%.

23.10 / 09:43

Citi Manufacturing Mobile Shell testing prevention Israel-Hamas War Revives Interest in U.S. Production of Iron Dome Missiles

Israel’s war with Hamas has revived dormant U.S. interest in producing munitions for Israel’s Iron Dome missile defense system, U.S. Army and industry officials said, a development that would help a U.S.

23.10 / 09:11

UPS Manufacturing CEO Nestle Walmart Analysis-Anti-obesity drugs can be boost for food makers, investors say

By Richa Naidu and David Randall

23.10 / 08:43

BLOCK Manufacturing NVIDIA country electronic rock 2020 Graphite stocks surge as Beijing opens new frontier in trade war

Australian graphite stocks surged after China announced export controls restricting supply of one of the key battery minerals required for electric vehicles, opening a new frontier in a trade war with the US and its allied nations.

23.10 / 07:09

Career Manufacturing Align awards innovations information stars BITS School of Management appoints Saravanan Kesavan as new Dean

BITS School of Management, Mumbai (BITSoM) has appointed Saravanan Kesavan as its new Dean. Earlier he contributed as an Associate Dean of the UNC Kenan-Flagler Business School for 16 years at the University of North Carolina (UNC) at Chapel Hill, according to an official announcement.

23.10 / 06:13

Manufacturing CEO Pfizer patient Roche buys Telavant Holdings for $7.1 billion

Roche on Monday said it will buy Telavant, a developer of a new treatment for inflamatory bowel diseases, for an initial $7.1 billion from American biopharma company Roivant Holdings and Pfizer Inc. Under the deal, Roche will gain the right to develop, manufacture and commercialize RVT-3101, an experimental antibody, in the U.S.

23.10 / 05:07

Provident FIVE Manufacturing performer Himadri to run Birla Tyres, fund acquisition through internal cash

Birla Tyres and will make the bulk of the proposed payment to fulfil the resolution plan, a top executive said, after the company’s joint resolution plan with Dalmia Bharat Refractories Ltd was approved by the National Company Law Tribunal last week. Himadri and Dalmia had submitted a resolution plan to acquire Birla Tyres for ₹347 crore. Once executed, Birla Tyres will be a subsidiary of Himadri Specialty Chemicals.

23.10 / 04:55

Manufacturing conductor information reports Vedanta CFO likely to quit months after joining firm: Report

Vedanta Ltd. may lose its third chief financial officer in as many years just as the mining conglomerate controlled by billionaire Anil Agarwal heads into an ambitious restructuring of its businesses, according to people familiar with the matter. Sonal Shrivastava, who joined the company in June, informed Agarwal about her decision to leave last month, the people said, asking not to be named as the information is not public. Agarwal is talking with finance professionals who had earlier stints in the group to replace her, and a decision is expected as early as this week, they said. Shrivastava’s departure will add to Agarwal’s woes as his holding company, Vedanta Resources Ltd., faces about $3 billion of bond repayments in the next two years.

Manufacturing Financial News

popular questions about Manufacturing

What is Manufacturing and why is it relevant?

Where can I find the latest updates on Manufacturing?

How can I verify the accuracy of information on Manufacturing?