Manufacturing Financial News

IPO listing is scheduled to take place on Tuesday, September 26 on NSE SME. If you have applied for the Kundan Edifice IPO , you can check your allotment status immediately on the website of the IPO registrar, Cameo Corporate Services Ltd. You can check the Kundan Edifice IPO allotment status of your application on this Kundan Edifice IPO allotment link- https://ipo.cameoindia.com/ Visit Kundan Edifice IPO's registrar's website - https://ipo.cameoindia.com/ Select the name of the company 'Kundan Edifice' from the dropbox Pick one of all three options to check the status: Application No., Demat Account, or PAN.

Grip Invest founder Nikhil Aggarwal and former Cars24 India chief executive Kunal Mundra have joined hands to set up Electrifi Mobility, a full stack commercial electric vehicle (EV) solutions provider. The new entity offers planning, acquisition, asset selection, deployment, utilisation, maintenance, optimisation, renewal, decommissioning and disposal-related services. It partners with lenders, fleets and original equipment manufacturers to carry out these services.

Royal Enfield Rental will be accessible in cities such as Ahmedabad, Mumbai, Gujarat, Maharashtra, Chandigarh, Dharamshala, Leh, Manali, Haridwar, and Rishikesh. Additionally, the manufacturer will extend its motorcycle rental services to Udaipur, Jaipur, Jaisalmer, Goa, Kochi, Bhubaneswar, Thiruvananthapuram, Visakhapatnam, Delhi, Chennai, Bengaluru, Hyderabad, Shimla, Nainital, Bir Billing, Siliguri, and Dehradun. The company says that it intends to include more cities to this roster as part of its expansion plans.

Narendra Modi is likely to flag off nine Vande Bharat express train on Sunday i.e. on 24 September, ministry officials told News18. Among these nine trains, the Indian Railways is set to launch two trains for West Bengal’s Howrah and Tamil Nadu’s Chennai while one each for Kerala, Odisha, Telangana, Gujarat and poll-bound Rajasthan.

₹66 to ₹70 per equity share of face value of ₹10 each. Madhusudan Masala IPO lot size is 2,000 equity shares and in multiples of 2,000 equity shares thereafter. Madhusudan Masala IPO, which is worth ₹23.80 crores, is completely a fresh issue of 3,400,000 equity share; there is no offer for sale (OFS) component.

By Tim Kelly and Nobuhiro Kubo

Climate change is upon us and there are no two ways about it. Tackling climate change requires decarbonisation of electrification, industry and transportation sectors which contribute around 90% of CO2 emissions. This article is focused on sustainability in commercial and industrial(C&I) sector which is responsible for over 30% of annual global CO2 emissions.

Ford, GM, and Stellantis last week. They stopped the car factories in Michigan, Ohio, and Missouri where they make cars like the Ford Bronco, Jeep Wrangler, and Chevrolet Colorado. Union representatives and company management continued their discussions on the sixth day of a planned strike.

Apollo Tyres share price dropped over 2% on Thursday's session following the news of tyre production been suspended at Limda, Gujarat, manufacturing site owing to a labour disagreement. Apollo Tyres shares opened at ₹369.85 apiece on BSE. The company stated in an exchange filing that the manufacture of bias and OTR tyres at its factory in Limda, Gujarat has been stopped due to some concerns among shop floor employees on the renewal of the long-term settlement agreement.

Nvidia Corp. Chief Executive Officer Jensen Huang visited four cities, dined with tech executives and researchers, took numerous selfies, and sat for a one-on-one conversation with Prime Minister Narendra Modi about the AI sector. Huang’s India itinerary was so crammed that he confessed to surviving entire work days on spicy masala omelets and cold coffees. Huang may have been treated like a head of state, but the trip’s purpose was all business. For Nvidia, whose graphics processors are vital to the development of artificial intelligence systems, the South Asian nation of 1.4 billion people presents a rare opportunity.

Anand Tandon, Independent Analyst, says “if one has to be in two-wheelers, again, the premiumisation is definitely a longer-term theme. But that said, again, the number of new players that have come in and the new vehicles that are being launched will automatically put a kind of a spoke in the wheel, as it were. It will be a while before the market shares etc. settle down there. Broadly, I am not very bullish on that sector.”Let us begin by discussing the auto sector because of late it has been doing quite alright for itself. Bajaj Auto management told us how demand has seen a solid pickup from the months of July-August onwards. They are saying demand is fairly broad-based across rural as well as urban India. But within the two-wheeler space itself, what would you go for? Would you go for the mass themes like TVS, Bajaj, Hero or is the premiumisation play at Royal Enfield?I would not go for two-wheelers in the first place. I think the valuations for most of these companies are 50-60% higher than they were at a time when they were doing very well a few years ago compared to what they are doing today where they are still struggling to achieve growth and where the competition has actually doubled up quite considerably because of technological changes.

coronavirus cases. HHS Secretary Xavier Becerra said, "Biden-Harris Administration, in partnership with domestic manufacturers, has made great strides in addressing vulnerabilities in the US supply chain by reducing our reliance on overseas manufacturing." This highlights President Joe Biden's endeavour to strike political balance.

In the ongoing debate over the soaring food prices in Canada, it’s tempting to lay the blame at the feet of the most visible players — the grocery stores, suppliers, farmers and fishers. However, as someone deeply entrenched in the food industry, both as a supplier and distributor and a food brand owner, I can tell you that the situation is far more complex than it appears.

global manufacturing over the past five years, with its exports to the US surging by $23 billion, a 44% increase from 2018 to 2022, while China experienced a 10% decline in exports to the US during this period, according to a BCG study on global manufacturing shifts. The study, titled 'Harnessing the Tectonic Shifts in Global Manufacturing', said the shifts in manufacturing and sourcing occurred in a range of industries as global companies have had to rethink their manufacturing and sourcing strategies due to trade wars, the pandemic, geopolitical tensions and supply bottlenecks. And as companies reconfigured strategies, India became one of the preferred manufacturing spots. Semiconductor and material shipments from India to the US surged by 143% over the past five years, albeit from a modest starting point, while China saw a 29% decrease in these exports.

pharmaceutical companies to implement revised Good Manufacturing Practices (GMP) to improve quality in the face of children said to have died from toxic cough syrup and eye drops that allegedly caused infections. The notification is likely this month, people in the know told ET.

electric vehicle (EV) tech startup MoEVing, said two people aware of the development, seeking anonymity. The potential deal is likely to facilitate Stride’s entry into the last-mile EV financing sector, which is expected to witness significant growth in the coming years. The deal could value MoEVing at ₹100-120 crore and will facilitate early investor JSW Ventures’ exit, they added.

NEW DELHI : As many as 42% of graduates under the age of 25 remained unemployed after the covid-19 pandemic, while the pace of job creation decreased following the global economic slowdown, a report on the labour market released on Wednesday said. The report, ‘State of Working India 2023: Social Identities and Labour Market Outcomes’ by Bengaluru-based Azim Premji University, said that a large variation in the rate of unemployment exists even among people with higher education, though post-covid figures remain below the pre-covid levels. It cited data from the Periodic Labour Force Survey (2021-22), which is carried out by the National Statistical Office (NSO).

growing partnership, Israeli Foreign Minister Eli Cohen has said that his country was willing to create more platforms of joint Research & Development to identify shared challenges, discuss and find solutions together, and even manufacture them together. Cohen also said that the scope for trade opportunities between India and Israel was huge and there is a strong desire to finalise a free trade agreement that will further strengthen the bilateral economic ties. «The Indo-Israeli defence relationship has been a key pillar of the growing partnership.

₹35,000 crore. “We believe with domestic thrust towards manufacturing and the company’s efforts towards improving its balance sheet, BHEL’s business can stage a strong turnaround given its strong technical track record," said analysts at ICICI Securities in a report on 20 September. Plus, limited competition—the other key company being Larsen & Toubro Ltd—brightens BHEL’s prospects.

industrial growth, especially manufacturing growth continues to be tepid," the report said. The Indian economy grew at 7.8% in the first quarter of the current fiscal year on higher government and private capital expenditure, and strong services growth. “All these risks will continue to weigh and restrict India’s GDP growth to 6.2% in FY24 (FY23: 7.2%), and the quarterly GDP growth, which came in at 7.8% in 1QFY24, is slated to slow down sequentially in the remaining three quarters of FY24," said Sunil Kumar Sinha, Principal Economist, India Ratings and Research.

Investing.com -- A United Auto Workers strike against the so-called Detroit Three carmakers are heading into their sixth day, with the union warning that it will expand the scope of the labor actions on Friday if no progress is made in talks over pay hikes and compensation.