Manufacturing Financial News

By Maria Martinez

A look at the day ahead in European and global markets from Kevin Buckland

Kajaria Ceramics and Somany Ceramics - with a buy call. Somany Ceramics share price has gained about 24 per cent while Kajaria Ceramics share price has risen about 13 per cent in the last one year.

Wagner chief Prigozhin plane crash may be deliberate, says Kremlin AP said it could not verify Putin's statement. While an investigation has been launched, no findings have yet been released, AP reported. Russia had also rejected an offer of joint inquiry by Brazil, where Prigozhin's jet was manufactured.

(Reuters) — An updated rule curbing exports of U.S. chipmaking equipment to China is in the final stages of review, according to a government posting and a source, a sign the Biden administration is poised to soon tighten restrictions on Beijing.

BHP says electric vehicle manufacturers are not yet willing to pay a “green premium” to recognise the sustainability credentials of nickel mined in Australia, at a time when surprisingly large volumes of Indonesian nickel have dragged down prices for the metal to a two-year low.

NEW DELHI : Inox Air Products Pvt. Ltd, India’s largest industrial gas producer, is planning to invest ₹300-500 crore to build ultra-high purification facilities and a supply chain for gases used by semiconductor fabrication facilities in India.

The U.S. government appears poised to order a recall of millions of air bag inflators due to a manufacturing flaw that could send metal shrapnel rocketing through a car interior

Florida-based Carrier, a global heating, ventilation and air conditioning giant, is looking to ramp up investments in India, chairman and chief executive David Gitlin tells ET's Mohit Bhalla in an interview. Edited excerpts: What do you make about the general business environment in India? We've been very positive about the business environment for decades. We established a presence here in 1987.

By David Shepardson

Bell Rock Capital Management, the major Whitehaven Coal shareholder campaigning against the proposed purchase of two BHP mines, says it believes UBS has given the transaction an “excessive valuation”.

NEW DELHI : The drug regulator said it found 48 critical medicines, meant for domestic consumption, as “not of standard quality" in August. The samples were collected across the country. Some of these drugs are: MOL-PCB syrup given to children for pain relief; Nifedipine sustain release tablets I.P.

Hyundai announced its plans to adopt Tesla's electric vehicle (EV) charging standards. This strategic decision positions Hyundai alongside other automotive giants such as Ford, General Motors, Honda, and Polestar, all seeking to provide their drivers access to Tesla's rapidly expanding supercharger network as the electric vehicle competition intensifies.

Cytiva on Thursday opened a new manufacturing facility and Experience Centre in Pune. The new facility will double Cytiva's manufacturing capacity in India and provide critical training programmes to accelerate the development of novel therapeutics.

Samia Suluhu Hassan is planning a trip to India early next week as India and Tanzania aim to upgrade ties to strategic partnership. Defence ties with Tanzania have received a major boost in the last few years as the South East African state has shown keenness to purchase Indian military equipment and expand maritime security partnership, officials told ET. The Indian Army chief visited Tanzania this week. In recent years, India and Tanzania have been cooperating in the field of defence training in Indian institutions.

Softbank CEO Masayoshi Son on Wednesday said he believes artificial intelligence (AI) will surpass human intelligence within a decade, urging Japanese companies to adopt it or be left behind. Son, speaking at a corporate conference in Tokyo, said «artificial general intelligence will surpass the total intelligence of humankind by 10 times in 10 years.»

Tesla Inc., this was supposed to be the year that traditional automakers finally put up a fight for electric cars. General Motors was committing its biggest brands to a new line of electric models; Ford and Volkswagen were ramping up production of EVs designed for the masses. It was, many predicted, time for the automotive world order to re-assert itself. Things haven’t turned out that way.

Eastern Command of the Indian Army will host a Mega Defence Event East Tech 2023, showcasing the latest in defence technology in Guwahati on 10th and 11th October, the first such event in the state. It is an initiative to identify cutting-edge technologies needed for solving operational challenges in the Eastern Sector and the Indian Army as a whole. As per the official statement, the aim of the event is to facilitate Eastern Command in meeting its operational challenges by incorporating contemporary indigenous technology. In the true spirit of 'Atma Nirbhar Bharat', the event strives to engage a large number of Indian Manufacturers including MSMEs, DRDO, DPSUs, R&D Organisations and Academia, to showcase their latest and the most advanced weapon & equipment technology at the event. It is also an initiative to promote and provide a platform to various start-ups and major players of the defence Industries belonging to Assam and other North Eastern States to showcase their latest innovations in the defence sector. The two-day-event cum demonstration is being carried out for the first time in the entire North East Region.

Our future looks increasingly robotic—whether we like it or not. But the investment craze in robotics stocks may already be getting ahead of itself. The latest example: South Korea’s Doosan Robotics, whose shares nearly doubled in value on their first day of trading Thursday.

Investing.com — U.S. futures fell Thursday, handing back some of the previous session’s strong gains ahead of the release of more important labor data.

WASHINGTON (Reuters) — The number of Americans filing new claims for unemployment benefits rose moderately last week, while layoffs declined in September, pointing to still-tight labor market conditions.