Manufacturing Financial News

Sebi to raise funds through an Initial Public Offering (IPO). The maiden public issue comprises a fresh issue of equity shares aggregating up to Rs 400 crore and an offer for sale component of up to 74 lakh equity shares by promoter NextWave Communications, according to the draft red herring prospectus (DRHP), which was filed on Wednesday.

Boeing’s global president and chief executive Dave Calhoun says the backlog of orders for new passenger aircraft is not going to ease any time soon, with the waitlist stretched well into the 2030s.

₹67,841.77 crore, making him the 20th richest person in India. Dani has also held independent directorships on the boards of several leading listed Indian companies. Dani started his career in 1967 as a development chemist with Inmont Corp (an industrial coatings manufacturer now known as BASF) in Detroit, USA.

most popular stocks in the market right now is Tata Motors. It’s not only up 60% since the start of the year, but also an incredible 150% since the rally began towards the end of March. And if you go back to the bottom of the covid crash, the stock has been a ten bagger.

₹66.90 lakh (ex-showroom). This launch makes the BMW X1 the initial model in the Indian luxury car market to provide choices of petrol, diesel, and electric powertrains. The renowned German automaker has confirmed that the iX1 will be sold in India as a completely built unit (CBU) and can be booked via their official website.

stock market is a dynamic landscape, and investors often rely on technical indicators to identify potential opportunities. The 200-day Simple Moving Average (SMA) is one such indicator, offering insights into long-term trends. On September 27, several major stocks demonstrated their strength by surpassing their 200-day SMA. Let's explore the performance of these stocks. (Data Source: StockEdge) 1. Godrej Consumer Products Godrej Consumer Products Limited is a leading consumer goods company known for its wide range of household and personal care products.

Gentlemen Prefer Blondes. The hardest, shiniest allotrope of carbon has retained this cachet ever since De Beers created a huge demand for diamonds by marketing them as a token of a person’s lasting commitment to another. It did this through an assiduous marketing campaign from the 1930s, in which product placement in Hollywood movies played a significant role.

MRF Ltd. The case relates to the National Company Law Appellate Tribunal's (NCLAT's) December order asking the CCI, India's anti-monopoly watchdog, to reconsider and recalculate the fine it imposed on tyre companies over alleged cartelisation and price manipulation. A bench led by Justice Sanjiv Khanna issued notice on Monday to the CCI, and also tagged the MRF's appeal with that of the one that the CCI had made, ET has reported.

Chromebook devices will be made at the Flex Facility located near Chennai, where HP has been manufacturing various laptops and desktops since August 2020. Production of HP Chromebooks is set to commence on October 02, 2023.

Valiant Laboratories was subscribed 50% so far on the second day of the bidding process on Thursday. At 12.19 p.m., the public issue was subscribed 0.5 times, led by strong demand from retail investors, whose category was subscribed 93%. The issue was subscribed to 17% in the NII category.

SINGAPORE (Reuters) — Singapore state investment firm Temasek's wholly owned unit True Light Capital said on Thursday it raised $3.3 billion in its flagship fund that invests in Greater China and has now closed it to new capital.

Also Read: GOP Debate: GOP Debate: Presidential candidate Vivek Ramaswamy says 'Transgenderism' a mental health issue. 5 Top Updates To illustrate his argument, Ramaswamy mentioned encountering two young women who later had regrets about their gender-affirming surgeries.

What is the business overview of Plaza Wires? The company is engaged in the business of manufacturing and selling of wires, and selling and marketing of LT aluminium cables and fast-moving electrical goods under its flagship brand «Plaza Cables». The company's product mix includes different types of wires and cables, and fast-moving electrical goods such as electric fans, water heaters, switches and switchgear, Poly Vinyl Chloride insulated electrical tape and Poly Vinyl Chloride conduit pipe and accessories.What is the industry overview of Plaza Wires? The cables and wires industry is estimated to have grown to Rs 1.03 lakh crore in FY23, boosted by increased infra spends by the government. In Tier-I cities, increase in demand and the lack of open spaces to set up towers, coupled with rising demand from infra projects like metro has swelled the demand for extra high voltage (EHV) underground cables.What is the size of the Plaza Wires IPO? The IPO is entirely a fresh equity issue of 1.32 crore, aggregating up to Rs 71.2 crore.What is the price band for Plaza Wires IPO? The company is offering its shares at Rs 51-54 apiece. Investors can bid for a minimum of 277 shares in one lot and in multiples thereafter.What is the structure of Plaza Wires IPO? About 75% of the offer is set aside for qualified institutional buyers, 15% is reserved for non-institutional investors and 10% for retail investors.How is the financial performance of Plaza Wires? For the year ended March 2023, the company's revenue from operations rose by a meagre 3% to Rs 183 crore, while net profit jumped 27% to Rs 7.5 crore.What are the objects of Plaza Wires IPO? Net proceeds from the issue are proposed to be utilised towards funding the capex for setting

Dixon Technologies surged 2% to hit a new 52-week high at Rs 5,379.8 in Thursday's trade on BSE after its wholly owned subsidiary- Padget Electronics Private Limited entered into an agreement with Xiaomi to carry out manufacturing of smartphones and other related products for Xiaomi. The manufacturing will take place at Padget’s manufacturing facility in Noida. Analysts say the deal will help Xiaomi India leverage Dixon’s status of being cleared to receive sops under the government’s production-linked incentive (PLI) scheme for mobile manufacturing. And for Dixon, it will mean another big-ticket contract, assuring revenue for its mobile manufacturing business, which contributed the largest — 46% — to its total revenue of FY4Q. Under the PLI scheme, Dixon has so far received around Rs 110 crore as incentives for meeting the incremental production targets.

London | Australia’s journey out of French President Emmanuel Macron’s diplomatic doghouse took another step forward on Thursday (AEST), as the two countries signed a pact to work more closely on supply chains for critical minerals.

Cipla: Promoters of India’s fourth-largest drugmaker are in advanced talks with two consortiums—one led by Torrent Pharmaceuticals Ltd, with the participation of prominent family offices, and the other a group of buyout firms led by BPEA EQT and General Atlantic—to sell a controlling stake for $6-7 billion, two people with direct knowledge of the matter told Mint. Dixon Technologies: The company said its subsidiary, Padget Electronics entered into a strategic agreement with Xiaomi Technology India. This agreement encompasses the manufacturing of smartphones and various related products exclusively for Xiaomi.

Dixon Dixon's arm Padget Electronics said it has entered into an agreement with Xiaomi to carry out manufacturing of smartphones and other related products for the company. KP Energy KP Energy has commissioned a further 10.5MW (Phase-V) ISTS connected wind power project comprising 5 numbers of WTGs of 2.1MW each at Sidhpur site in Devbhoomi Dwarka. Read more: Here's the trade setup for today's session Barbeque Nation The company has entered into a share subscription and share purchase agreement to acquire the equity shares of Blue Planet Foods by the company and its subsidiary Red Apple Kitchen Consultancy. L&T L&T said the settlement of bids, return of unaccepted equity shares and payment of consideration to eligible shareholders who participated in the buyback will take place on September 28 instead of September 29. KEC International The company has received orders from various GST authorities on September 13 and September 16. Tata Power Tata Power's subsidiary Tata Power Renewable Energy will set up a 41 MW captive solar plant at Thoothukudi, Tamil Nadu for TP Solar Limited (TP Solar) new greenfield 4.3 GW solar cell and module manufacturing facility located at Tirunelveli. ONGC ONGC has inked an agreement with NTPC to develop clean energy, ET Now reported.

Apple expanding local manufacturing operations in India at the cost of China has triggered scores of reactions on social media platforms such as Weibo and X (formerly known as Twitter) questioning the quality of the latest iPhone 15s being made in the South Asian nation. Indian users and industry executives have, however, been quick to rebuff the comments, pointing to how the locally made devices were as good as any manufactured elsewhere. For the first time, India-made iPhone 15 and 15 Plus devices were made available on the first day of sale on September 22, along with China units, across the world, underlining the US smartphone maker's rapid expansion of its manufacturing operations in the world's second largest smartphone market. India is now easily the second largest assembler of iPhones globally. The launch of the latest India-made iPhones though sparked an adverse reaction in China, marked by social media posts and reactions on Chinese state media. One post on Weibo alleged that the India-made iPhone 15 units are being diverted to China after being rejected in Europe for having quality issues. State media in China denied claims of diversion.

By Marion Giraldo

Nickel explorer Chalice Mining is smarting from a 55.5 per cent slump in its share price since the release of last month’s scoping study, but its strategic partner search is ticking along.

Check out the companies making headlines in extended trading.