Manufacturing Financial News

New Delhi: Ensuring women comprise 50% of the labour force could be the best way for India to increase its its GDP growth rate by 1% and touch the 8% growth it needs to become a $5 trillion economy by 2030, World Bank India director Auguste Tano Kouame said in an exclusive interview with Mint, adding however that the global environment is not conducive to its ambitions. Kouame said investments worth about $7 billion could come to India even before Indian securities are included in the JPMorgan emerging markets bond index in 2024. After the inclusion, investments worth more than $25 billion are expected.

Bengaluru: In the 2009 Bollywood movie 3 Idiots, Aamir Khan, who plays an engineering student named Rancho, guides a drone with four rotors to the window of a classmate’s hostel room and catches him unguarded… and unclad. The drone, technically known as an unmanned aerial vehicle or UAV, was an early vertical take-off and landing (VTOL) prototype manufactured by Mumbai-based startup ideaForge Technology. The company has come a long way in the years since and is now India’s largest drone startup.

Saraswati Saree Depot, Exicom Tele Systems, and Vibhor Steel Tubes — have filed their draft prospectus papers with Sebi to launch their respective IPOs. Saraswati Saree Depot The IPO of Saraswati Saree Depot includes a fresh issue of 72.45 lakh shares and an offer for sale (OFS) of 35.5 lakh shares. Under the OFS, promoters Tejas Dulhani, Amar Dulhani, Shevakram Dulhani, Sujandas Dulhani, Tushar Dulhani, and Nikhil Dulhani will offload shares. The offer is being made through the book-building process where 75% of the issue is reserved for qualified institutional buyers, 15% for non-institutional investors, and 10% for retail investors. Saraswati Saree Depot is a key player in the sarees wholesale (B2B) segment, and its origin in the sarees business dates back to 1966. It is also engaged in the wholesale business of other women’s apparel wear such as kurtis, dress materials, blouse pieces, lehengas, bottoms, etc. On average, more than 90% of the company's total revenues are generated from the sale of sarees.

India automobile major Maruti Suzuki on Tuesday received a draft assessment order from the Income Tax department for FY 2019-20 amounting to Rs 2,159 crore. In an exchange filing, the manufacturer said that «certain additions/disallowances amounting to Rs 21,597 million with respect to returned income (the income disclosed by the Company in its Income Tax return) have been proposed.» Maruti Suzuki said that it planned to challenge the October 3 order and that business would not be affected by it.

The Rs 640-crore IPO of Updater Services was subscribed 2.9 times overall at the close. The issue comprised fresh equity of Rs 400 crore and an offer for sale (OFS) of 80 lakh shares by promoter and other selling shareholders. The company priced the IPO in the range of Rs 280-300 per share.

Krypton Solutions is likely to invest $100 million (Rs 832 crore) to set up a Printed Circuit Board (PCB) fabrication unit in Karnataka. Semiconductor manufacturing company Texas Instruments also affirmed its commitment to research and development (R&D) expansion in the state during a meeting with the state industries minister MB Patil in the US on Monday. Krypton Solutions, which plans to invest in Bommasandra for a new PCB facility in Karnataka, has already completed preliminary discussions with the government.

₹1.76 lakh crore business conglomerate, is heading for a split in an amicable manner, a report said on October 3, citing persons privy to the development. The two factions between whom the 126-year-old business giant is set for a split are – Godrej Industries & Associates, which is headed by brothers Adi and Nadir Godrej, and Godrej & Boyce Manufacturing Company (G&B) led by their cousins Jamshyd Godrej and Smitha Godrej Crishna, the Economic Times report said.

room heaters, on the other hand, offer a reliable and efficient solution to tackle the winter cold. They come in a variety of types, from ceramic heaters to halogen heaters, each equipped with energy-efficient features and multiple heat settings. Some even offer additional features like humidifiers, ensuring not just warmth but also comfort and improved air quality.

Maruti Suzuki India in September decreased by 1 per cent to 1,74,978, the company said on Tuesday.

By Howard Schneider

₹7,196 crore, with a profit of ₹5.93 crore. During the year, the company sold 28.62 million cases of alcohol; it has a share of 7.4% in the India-made foreign liquor industry, according to the company’s annual report for the year.

electric detonator from April 2025 in view of security concerns and public safety. In a notification, the Department for Promotion of Industry and Internal Trade (DPIIT) has said that the central government is of the opinion that electric detonator is of a «dangerous» character.

stock market exhibited signs of strength and resilience on September 29 as several large and midcap stocks crossed their 200-day Simple Moving Averages (SMA). This milestone often indicates a positive shift in market sentiment and investor confidence in these companies. Let's explore the performance of these stocks. 1. Grindwell Norton Grindwell Norton Limited is a leading manufacturer of abrasive products, ceramics, and silicon carbide.

Let's explore the performance of these stocks. (Data Source: StockEdge) 1. Torrent Pharmaceuticals Torrent Pharmaceuticals Limited is a leading player in the pharmaceutical industry, known for its diverse portfolio of high-quality medications.

MRC), Indian Institute of Science (IISc), have developed a new type of enzyme mimetic that can degrade toxic chemicals in industrial wastewater effectively in the presence of sunlight. Enzymes are proteins that catalyse a majority of biological reactions in living systems. However, the practical use of natural enzymes is greatly hindered by certain inherent limitations.

International Astronomical Union (IAU) unveiled a surprising revelation: what many had thought was a celestial body turned out to be the BlueWalker 3 prototype satellite. The IAU expressed concerns about the satellite's excessive brightness, which poses significant challenges to astronomers worldwide. BlueWalker 3 is a crucial component of AST SpaceMobile's ambitious 5G communications system.

Investing.com — No market operates in a vacuum — including oil, no matter what the proponents of higher crude prices think.

By Brigid Riley and Alun John

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₹26,000 crore in Bastar's Jagdalpur. He dedicated to the nation NMDC Steel Ltd's steel plant at Nagarnar. Addressing an event in Bastar today, PM Modi said, “Physical, digital, and social infrastructure are crucial parameters for a developed nation..." “Chhattishgarh is known for steel manufacturing.

Manufacturing Purchasing Managers' Index, compiled by S&P Global, fell to 57.5 last month from 58.6 in August. September data showed a let-up in the recent surge in costs faced by Indian goods producers. After quickening to a one-year high in August, the rate of inflation receded to its lowest mark in over three years.