Manufacturing Financial News

NARS Cosmetics, part of Shiseido Group from Japan, aims to be among the top five premium makeup brands in India within 3 years of its entry, Nicole Tan, president & CEO of Shiseido APAC, told ET. Shiseido Group has entered into a distribution partnership with Global Ss Beauty Brands, a subsidiary of Shoppers Stop. Shiseido is a skincare, suncare and makeup brand under the Shiseido group and had entered India in 2001 with Baccarose. Apart from online and shop-in-shop stores, the company has also planned to open 3 exclusive brand outlets within this calendar year and double the number next year.

By Stephen Nellis

₹456 crore. In comparison, revenue growth was muted at 5.5% to ₹3,053 crore. Q2 volume growth of 7% was aided by strong demand from original equipment manufacturers for festive inventory.

NEW DELHI : India’s second largest hearables maker Boult Audio is looking to tap the private equity markets in FY25 to raise funds by divesting up to 15%, to expand its footprint in international markets and contract manufacturing capacities. “We will look at capital from private equity next year... we may look at offloading a stake anywhere between single digit to early teens.

IIM Shillong hosted the first CXO Round Table Meet at Delhi that brought together a panel of industry leaders, academicians, and stakeholders to engage in an insightful discussion. IIM Shillong is the only IIM in the entire NE region which was established in the year 2008. The intend was to celebrate its 15 years of commitment to excellence.

Investing.com — U.S. futures slipped lower Tuesday, handing back some of the previous session’s gains as investors digest more influential quarterly earnings.

Pitti Engineering (PEL) with a 'buy' rating, setting a target price of ₹940 apiece. This target price suggests a potential upside of nearly 38% from the stock's previous closing price of ₹684.35 apiece. Notably, the shares, over the last one-year, more than doubled investors' wealth, delivering a return of 135%, and skyrocketed 2018% in just three years.

₹12,841 crore ($1.54 billion) to its parent Suzuki Motor Corp. to fully acquire Suzuki Motor Gujarat Pvt. Ltd.

smartphone market has at long last bottomed out and will recover this year, thanks to strong demand in India and other parts of Southeast Asia, according to mobile industry bellwether Murata Manufacturing Co. Low-priced smartphones are driving sales and the overall market will likely grow by a single-digit percentage on a unit basis both this fiscal year through March and the next, President Norio Nakajima said in an interview Tuesday. Kyoto-based Murata, the world’s biggest maker of multilayer ceramic capacitors, supplies an array of smartphone components used by Apple Inc., Samsung Electronics Co. and Chinese manufacturers, and is seen as a leading indicator of gadget sales. Nakajima’s optimism follows reports of continued lackluster demand in China, the world’s largest smartphone market, that have dented expectations.

(Reuters) — The U.S. auto regulator on Tuesday said Tesla (NASDAQ:TSLA) will recall 54,676 Model X vehicles manufactured between 2021-2023, as the vehicle controller is likely to fail to detect low brake fluid and not display a warning light.

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midcap stocks achieved historic milestones by reaching new all-time highs on October 17. These remarkable performances highlight the strength and growth potential of these companies, offering investors a diverse range of opportunities in both the large and midcap segments. The data was sourced from StockEdge at 1:15 p.m., and the updates from the real-time data could come with a lag. The below data also pertains only to the time at which it was taken.

export-control regime. American sanctions’ global pretensions depend on the co-operation of allies. In principle, democratic governments in Asia and Europe are similarly wary of China, and devising their own export controls.

Multibagger stock: Shares of Jagatjit Industries Ltd have been in uptrend since March 2023. The BSE listed stock bottomed out at around ₹90 and went on to hit ₹150 apiece levels during morning deals on Tuesday. It is one of the multibagger stocks that Indian stock market has delivered in last few years.

Cyient DLM share price rose more than 8% in intraday trade on Tuesday post the company results for July-September period impressed the investors with strong earnings growth. The results were declared post market hours on Monday. Notably the firm reported its first quarterly results since its listing in July.

Embattled A-League club Perth Glory will be run by Melbourne property developer Robert Brij and entrepreneur John Nekic, in a multimillion-dollar deal that will attempt to make the West Australian team financially viable.

top defence stocks from the index or that can be a part of the index in the future. Defence stocks in India are growing in importance, driven by government emphasis on modernisation, increased spending, and the "Make in India" initiative. Defence exports have surged to around ₹160 bn in FY23, a tenfold increase since 2016-17.

Stalled spending on electrical grids worldwide is slowing the rollout of renewable energy and could put efforts to limit climate change at risk if millions of miles of power lines aren't added or refurbished in the next few years

A for-sale sign is up at one of Australia’s last remaining car parts manufacturers, Ballarat-based Bendix Brakes, which is half-owned by German engineering juggernaut Bosch.

scooter sales in India are likely to regain their pre-pandemic peak in the next two years as strong premium-segment demand offsets the drag from weaker entry-level volumes, Diego Graffi, managing director of Italian automaker Piaggio, said. «The domestic two-wheeler industry posted a year-on-year double-digit growth in 2022-23 after three consecutive years of decline. We also expect the ongoing festive season to drive great numbers for the industry,» Graffi told ET.

₹3,800 crore for the transaction, one of the two people cited above said on the condition of anonymity. Aquapharm’s owners are looking to raise ₹4,000 crore- ₹4,400 crore from the stake sale, the two people said. Others in the fray for the Pune-based company include Tata Chemicals Ltd and RP-Sanjiv Goenka Group company PCBL Ltd.