Manufacturing Financial News

₹936.44 crore. The CCI had penalised Google for alleged abuse of its dominant position in the app store market ecosystem. The NCLAT deferred the hearing to November 28.

The Pentagon wants to acquire thousands of drones over the next two years that can fly to their targets, confuse radar, overwhelm enemy defenses, fire missiles and gather intelligence. But making the uncrewed aircraft quickly and cheaply is another matter. Mass production of large and small drones is crucial to the Pentagon’s plan to build big stocks of weapons and ammunition to deter China, which the Defense Department describes as the U.S.’s prime strategic competitor.

(Reuters) — Contract chipmaker GlobalFoundries said on Monday it has submitted applications for funding under the U.S. CHIPS act to expand capacity and modernize its local manufacturing facilities.

Taiwan authorities have fined a golf ball manufacturer $75,000 and warned of criminal charges after a major factory fire killed nine people and left one other missing

Last year’s spike in inflation, to the highest level in four decades, was painful enough for American households

1) Arabian Petroleum The initial public offer of Arabian Petroleum is completely a fresh issue of Rs 20.24 crore. The IPO is priced at Rs 70 apiece. About 50% of the offer is reserved for retail investors and the rest 50% is set aside for other investors. The company is in the business of manufacturing a wide range of lubricants including specialty oils, coolants, etc., used for application in automobiles and industrial machines and appliances. Net proceeds from the issue will be used for working capital requirements, general corporate purposes, and issue expenses. Hem Securities is the lead manager for the IPO, while Purva Sharegistry India is the registrar.2) Newjaisa Technologies Newjaisa Technologies' Rs 40 crore SME IPO is an entirely fresh issue of 84.96 lakh shares.

Gadkari, on Monday, urged the auto industry to pump in investments in setting up automated testing centres and registered vehicle scrapping facilities and firm up discounts for individuals who scrap their vehicles.

Japan’s Nissan (OTC:NSANY) Motor (TYO:7201) announced Monday that all new models launched in Europe from this point on will be fully electric, with plans to sell only EVs on the continent by 2030.

Investing.com — Oil prices stabilized Monday as investors balanced off concerns about a hit to U.S. economic activity following last week’s Federal Reserve meeting with a tight supply outlook.

Reuters quoted two sources on Monday. The development revives the listing plans for the pharmaceutical company which it shelved in 2022 as Russia's invasion of Ukraine disrupted global markets.

room heaters a preferable choice for many households? Firstly, they are remarkably energy-efficient, converting nearly 100% of the electricity into heat. This efficiency translates to cost savings, as they consume less electricity compared to traditional heaters. Moreover, their energy efficiency contributes to a reduction in carbon footprint, aligning with the growing concern for environmental sustainability.

Air Force Day celebrations in Prayagraj in Uttar Pradesh, officials said on Monday. The annual Air Force Day parade and air display takes place on October 8. The first C295 aircraft was inducted into the IAF on Monday at the Hindon Air Force station in the presence of Defence Minister Rajnath Singh and Air Chief Marshal V R Chaudhari. «The aircraft will be part of the IAF Day celebrations slated to be held in Prayagraj,» a senior official of the IAF told PTI. It is likely to be one of the main attractions at the event, said another official, adding about 70-80 aircraft are likely to be part of the IAF Day celebrations. The annual parade will feature a mix of vintage and modern aircraft, they said. «The Indian Air Force will be celebrating its 91st anniversary on October 8.

By Paul Carsten

Cresset Capital CIO and founding partner Jack Ablin discusses higher interest rates and offers his market outlook on 'Barron's Roundtable.'

By Nick Carey

Investing.com — Here is your weekly Pro Recap of the past week's biggest headlines in the electric vehicle space: Elon Musk claims WSJ report ‘utterly false’; VinFast posts impressive results; and EVs are taking over EU.

Cauvery water to Tamil Nadu, several pro-farmer and pro-Kannada organisations have called for a complete 'Bengaluru bandh' tomorrow (September 26). The discontent over the government's move has prompted widespread participation in this city-wide protest. Local transport organizations have joined in solidarity with the ongoing agitation, further intensifying the expected impact on normal life in the nation's prominent IT hub. The bandh, scheduled for Tuesday, is anticipated to disrupt daily activities across the city.Here's what you need to know about what will remain open and what will remain shut on that day:What's open

SMA). This technical achievement is closely watched by investors as it often signifies short-term trends. Let's explore the performance of these stocks.

₹65.25 per share, 63.13% higher than the issue price of ₹40. Holmarc Opto-Mechatronics shares were locked at 5% upper circuit post listing. Holmarc Opto-Mechatronics share price closed at ₹68.50 apiece on NSE on Monday.

BEIJING — Chinese telecommunications and smartphone giant Huawei didn't reveal any details about its new phone or reported advanced chip breakthrough during a high-profile launch event Monday.

India's limited participation in global value chains (GVCs) hampers its export potential, despite possessing substantial manufacturing capabilities across various GVC-relevant product categories. The integration of Indian companies in the GVCs is fundamental as about 70 per cent of global trade operates within these chains, encompassing a wide range of products, from electronics and machinery to pharmaceuticals and apparel. «India's weak GVC integration can be attributed to poor trade infrastructure, causing delays at ports and customs, which are detrimental to the timely flow of goods in these intricate value chains,» GTRi Co-Founder Ajay Srivastava said. Countries like China, Japan, South Korea, Thailand, and Malaysia have excelled in GVCs due to investments in quality trade infrastructure. The GTRI report has recommended six action points to the government which can help boost the participation of domestic firms in GVCs. The suggestions include automating port and customs procedures, and implementation of green channel clearances for 99 per cent of shipments; analysing the top 10,000 exporters responsible for 85 per cent of India's exports; matching global best practices for ship turnaround times, reducing queues, speeding up transactions, and optimizing infrastructure use; and enhance communication between traders and shipping companies, port operators, and Container Freight Stations (CFS). The report asked for creation of an online platform for all export-import compliance processes. «National Trade Network (NTN) would enable exporters to submit all required information and documents in one place, eliminating the need to interact separately with customs, DGFT (directorate general of foreign trade), shipping