Manufacturing Financial News

Subscribe to enjoy similar stories. A prominent economist once told me that macroeconomic policy debates are all about the prime mover, to which other variables respond. The implication, he explained, is that “You can invert policy prescriptions simply by claiming a different forcing variable." A paper by Stephen Miran, published before he was nominated to chair US President Donald Trump’s Council of Economic Advisers, does precisely this.

Subscribe to enjoy similar stories. Where is a Toyota Camry or iPhone made? There is a label that identifies the country in which the final product assembly takes place, but it says nothing about where the product is actually ‘made.’ It is unable to do so because for goods that have inputs (material or intellectual) that are traded across international borders, the answer is never a single country.

IPO comprises fresh issue of equity shares aggregating up to Rs 190 crore and an offer for sale (OFS) of 71.55 lakh equity shares by promoters, according to the draft red herring prospectus (DRHP). Those selling shares in the OFS are Kantilal Ramanlal Patel and Manisha Bipin Patel.

A preliminary March survey of consumers showed sentiment sank by more than projected, while long-term inflation expectations jumped as the Trump administration pushes forward with higher duties on foreign goods just as price pressures showed signs of easing. Meanwhile, the UK economy shrank unexpectedly at the start of the year on weaker manufacturing and construction. In China, the economy remains hamstrung by persistent deflation.

The report noted that the Indian government’s initiatives over the last few years, to boost semiconductor fab and OSAT investments by inviting global firms, has created awareness about the importance of global supply chains and led to increased interest among domestic suppliers. We take a look at the potential opportunities and challenges facing the sector.

US recession. A raging tariff war. Supply chains in disarray. Companies grappling with uncertainty. Governments on tenterhooks. It hasn't even been two months since Donald Trump was sworn in as US President and it has been more dramatic than an episode of his reality show The Apprentice. On March 5, Trump underlined this with his plan forreciprocal tariffs on countries such as India and China. “Whatever they tariff us, other countries, we will tariff them. That’s reciprocal, back and forth,” Trump said in his first address to the joint session of Congress.

Skoda Auto's India unit is targeting 2026 sales of more than 100,000 vehicles, which will be more than twice its annual sales in recent years. That number may still seem small when compared with the sales volume of Maruti Suzuki, the local market leader that sells one and a half times as many cars and SUVs each month in India. But in a market where European automakers have long been pushed to the sidelines by their Japanese, Korean and local rivals, the Skoda target is a formidable one. Skoda and other European mass-market brands like Volkswagen, Renault and Citroen are trying to carve out a space for themselves in the crowded but fast-growing Indian market through strategic positioning and niche offerings with premium features, latest technology and competitive pricing. «The Indian automotive landscape is experiencing nuanced shifts, even with Japanese brands holding a strong lead. These shifts signal growing opportunities for global players to respond to evolving consumer preferences,» said Ravi Bhatia, president at Jato Dynamics.

Fincantieri is one of the largest shipbuilding companies in the world, with over 230 years of history and more than 7,000 ships built. Fincantieri is the exclusive supplier for the Italian Navy, a partner of the US Navy and numerous foreign navies, and a key player in some of the most important European Defence partnership programs. In an exclusive interview with ET’s Dipanjan Roy Chaudhury, Pierroberto Folgiero, Managing Director and CEO of Fincantieri SpA, explores shipbuilding opportunities & IMEEC partnership with India. India is emerging as a global hub for shipbuilding. How does Fincantieri see opportunities for partnership with Indian shipyards and industry players? India’s growth from primarily a domestic focus to a global player in shipbuilding, in tandem with its rise to the fastest-growing large economy in the world, brings exiciting opportunities for collaboration, and we view this as an invitation to share knowledge and build upon complementary strengths.

Participating at the inauguration of a manufacturing factory of Zetwerk Electronics at Sriperumbudur, Vaishnaw said he was lucky as he got a professor by name Sadagopan while pursuing his academics at IIT Kanpur who taught him about the Tamil language. Greeting the audience with a traditional 'Vanakkam' (Namaste) in Tamil language at the beginning of his speech, Vaishnaw said, «Tamil is a very very sweet language. All I know is three words — Vanakkam, Eppadi Irukeenga (How are you) and Nandri (Thanks).» Referring to his interaction with Sadagopan at IIT Kanpur, the Minister said, «Sadagopan introduced me to Tamil language and in North India, Tamil is generally known as masala dosa, right?.. He taught me so many facets of Tamil culture… It is a very, very deep culture, very ancient culture. We all respect Tamil culture and we all respect the Tamil language.» «This is one of our assets of our country and this is also one of the assets of the world and lets take pride in that. Let's take joy in that and let's enjoy all the Indian languages. And that is the spirit with which our Prime Minister (Narendra Modi) is working today making sure that every Indian language gets its big place under the Sun and make sure they get the respect which is due to them, make sure that they get the exposure,» he said.

annual cash bonus of up to $2 million, the company said in a regulatory filing on Friday. The company named Tan as the CEO on Wednesday, tasking the industry veteran to lead a faltering transition to a successful chip manufacturing firm as well as chip design house. He will take charge on March 18. Tan's employment agreement includes a three-year performance target, making him eligible to keep two-thirds of his stock awards if a «change in control» or a significant shift in the ownership takes place within 18 months of his joining.

It is happening across businesses and states, with the taxman snooping around for transaction details with organisations in financial services, hospitality, healthcare, real estate, manufacturing, and those linked to telecom and direct-to-home services. The aim is to collect evidence of tax evasion, misreporting, and racketeering by verifying various dealing records with the claims made by individuals and entities, under the scrutiny of the I-T Department. «The request for information spans multiple sectors, highlighting an increased dependence on third-party information, documents, and confirmations,» said Ashish Karundia, founder of CA firm Ashish Karundia & Co. Use of Sec 133(6) Multiplies

Thangam Thennarasu presented the DMK government’s fifth state budget since coming to power in 2021 under chief minister MK Stalin. This is Thennarasu’s second budget after taking over as finance minister in May 2023 during a Cabinet reshuffle.

Subscribe to enjoy similar stories. Alcohol has landed on the front lines of a global trade war, throwing French wines, Irish whiskeys, Kentucky bourbon, Japanese beer and Mexican tequila into the crossfire between the U.S. and its biggest trading partners.

Treasury chief Rachel Reeves before a key statement about the state of the public finances later this month. Official figures Friday showed that the economy, the world's sixth-largest, saw output drop by 0.1% during the month, in contrast to expectations for a modest increase and December's solid 0.4% gain. The Office of National Statistics said the weak performance was largely due to bad weather affecting the manufacturing and construction sectors, despite a solid performance by the services sector, which accounts for around 80% of the British economy. Though monthly figures are notoriously volatile and prone to future revision, the decline puts in sharp relief the struggles the Labour government, elected last July after 14 years in opposition, is having in generating growth. Prime Minister Keir Starmer has said raising the U.K.'s economic growth is his government's number one priority over the next five years. Since the global financial crisis in 2008-9, the British economy's growth performance has been historically lackluster.

Subscribe to enjoy similar stories. India’s biggest telecom operators—Reliance Jio and Bharti Airtel Ltd—turning marketing agents for Elon Musk’s satellite broadband project, Starlink, is a welcome development. The government must explicitly assist in this with funds from the Universal Service Obligation Fund, now dubbed the Digital Bharat Nidhi, to make satellite broadband connection affordable even for low-income communities in rural areas.

Subscribe to enjoy similar stories. When it comes to the world of wristwatch designs, every watch enthusiast has their favourite. Many would go for the more robust sports watch designs—solid stainless steel cases, big, legible, lume-filled hour markers, attached to robust stainless steel bracelets, and boasting of an at least 100m of water resistance.

Subscribe to enjoy similar stories. The benchmark Nifty 50 has recently experienced a significant correction of nearly 14% from its peak in September 2024. This led to a sell-off in many sectors, including automobile.

Subscribe to enjoy similar stories. US President Donald Trump and his team are sending a message: Hang in there through the economic turmoil, and better days will come. A little sacrifice for the greater good may not be such a bad thing.

compressor shortage seems to have been well managed. The industry faced a shortage of high-value intermediaries, i.e., compressors and copper during 3QFY25 which came as a surprise to the manufacturers as BIS certifications for certain players were not extended and imports got impacted.

Intel surged nearly 15% on Thursday, as Wall Street cheered its decision to name former board member Lip-Bu Tan as CEO, who left in August over differences about the chipmaker's direction, after several years of market underperformance. Tan will be tasked with reviving the company's fortunes after it missed out on the artificial intelligence-driven semiconductor boom while plowing billions of dollars into building out its chip-making business. Intel has posted several quarters of market share losses in data centers and PCs, as well as billion-dollar losses in its manufacturing business, and over the past five years, the stock has lost about 60% of its value, a period of time when the Nasdaq Composite Index and S&P 500 have both more than doubled. «Tan in as CEO at Intel was as good as stakeholders could have hoped for,» said TD Cowen analysts, noting that he has «deep relationships» across the chip ecosystem that could draw customers to the company's contract manufacturing business. Tan will take the helm next week — three months after Intel ousted CEO Pat Gelsinger. Tan had been brought into the board two years earlier to help turn the company around, but left due to disagreements over the size of the company's workforce and its culture. Skepticism about Intel's future has deepened in recent months amid reports that rivals, including Broadcom, were evaluating the chip design and marketing business, while TSMC has separately studied controlling some or all of its plants.

Subscribe to enjoy similar stories. Passenger vehicle sales in February held their head above water, but only just. Wholesale dispatches for the month climbed 1.9% from a year earlies to 377,689 units, according to data put out by the Society of Indian Automobile Manufacturers (SIAM) on Thursday.