Manufacturing Financial News

West Bengal Chief Minister Mamata Banerjee on Friday urged the business community in Spain to invest in Bengal, referring to “skill” as the biggest “game changer” of the state and showcased tourism, manufacturing as potential investment sectors. She also highlighted good infrastructure, road and port connectivity, power availability and land bank in Bengal. The West Bengal government organized a business summit at Madrid in Spain. “Skill is the game changer in Bengal.

By Ellen Zhang and Joe Cash

Wells Fargo remains bullish on autonomous driving tech company, Mobileye Global Inc (NASDAQ:MBLY) with an Overweight rating and a 12-month price target of $50.00 on the stock after the company announced a strategic partnership with FAW Group.

₹45,000 crore, including ones to acquire 12 Su-30 MKI fighter jets, maufactured by Hindustan Aeronautics Limited (HAL). The ₹11,000 crores project would include the aircraft and related ground systems, defence officials have said. “The aircraft would include more than 60 per cent indigenous content as per the requirement.

WASHINGTON (Reuters) — Production at U.S. factories barely rose in August as motor vehicle output dropped and activity could plunge in the months ahead after the United Auto Workers (UAW) union embarked on strikes at three factories on Friday.

Germany saw a 75% jump in imports of vehicles and vehicle parts from China, whereas trade in the opposite direction declined, highlighting the growing challenges faced by Europe's largest automotive manufacturing hub.

WPI inflation print marked a five-month high, according to data released by the commerce and industry ministry on Thursday. It was at -1.36% in July, -4.12% in June, -3.48% in May and -0.92% in April. A year ago, WPI inflation rate stood at 12.41%.

Bharat Electronics Limited on Friday announced that it has received an order of Rs 2,118.57 crore from Cochin Shipyard Limited for supply of various equipment for Indian Navy. The order consists of consisting of Sensors, Weapon equipment, Fire Control systems and Communication equipment for six numbers of Next Generation Missile Vessels (NGMV), class of anti-surface warfare corvettes. The project will have participation of Indian electronics and associated industries, including MSMEs, which are sub vendors of BEL. The equipment manufactured by BEL are part of 'Aatmanirbhar Bharat' program. The The Bengaluru-headquartered defence major recently also received additional orders worth Rs 886 crore and the said orders pertain to upgrade of AFNET SATCOM N/W, upgrade of Akash Missiles with RF Seeker, Inertial Navigation System and other equipments with accessories and spares etc. Earlier in June, the comoany had bagged defence and non-defence orders worth Rs 2,191 crore.

Delhi High Court Thursday said existing rules on mandatory insurance cover, wearing of headgear on two-wheelers and penal action for non-compliance are already applicable to electric vehicles. The high court directed the Delhi government to continue ensuring that the subsidy offered by the government for electric vehicles registered in the national capital is being disbursed in a timely manner. The high court's order came while dismissing a public interest litigation (PIL) seeking directions to the authorities to make insurance cover compulsory for electric two-wheelers in accordance with the provisions of the Motor Vehicle Act. The PIL also sought the court's direction to the authorities for mandatory wearing of helmet on all types of electric motorcycles and scooters.

The record date for the purpose of determining the members eligible to receive the interim dividend has been fixed as September 29. The declared interim dividend will be credited or dispatched on or around October 13. Shares of Bajaj Holdings will likely trade ex-dividend on the day or a day before the record date. When a company goes ex-dividend on a particular date, its stock does not carry the value of the next dividend payment.

Pureit Water Purifier, you may discover the simplicity and magic of water filtration. This is a Hindustan Unilever production popularly known as Hul Pureit Water Purifier and takes you to a world where crystal-clear water is more than just a necessity, it's a life-changing experience. Pureit is a beacon of innovation and wellness.

It’s a confusing time to buy a car. After three years of surging prices, limited choices and long waits, the new and used markets were starting to stabilize. Now, a United Auto Workers strike of General Motors, Ford Motor and Jeep-maker Stellantis is poised to worsen the already tight supply of popular models, dealers and industry analysts say.

China for solar energy equipment. With nearly 90% of it being imported from China, India has been in a hurry to build up domestic manufacturing capacity under Make-in-India programme and with the ambitious scheme of Production-linked Incentives (PLI). Now, India's solar economy seems to be slipping out of China's grip.

Axiscades Technologies has partnered with Singapore-based Cantier to provide automated manufacturing solutions to industrial players across sectors. As part of the partnership, the entities will provide end-to-end automated manufacturing solutions to corporates coming from various sectors, including semiconductor, electronics, aerospace, and food processing, among others, Axiscades Technologies said in a statement on Friday. «By integrating Cantier's innovative MES 4.0 with our engineering and technology solutions, we are poised to transform the core of industrial manufacturing. »We're not just enhancing workflows but also creating a new period of manufacturing excellence with real-time insights and seamless digital integration," Arun Krishnamurthi, CEO and MD of Axiscades, said. Commenting on the partnership, Prabakar Selvam, Founder & CEO of Cantier, said it is a step towards autonomous manufacturing and a true digital transformation.

HDFC Asset Management Company (AMC) the investment manager to HDFC Mutual Fund, has launched HDFC Pharma and Healthcare Fund. In a statement, the AMC said HDFC Pharma and Healthcare Fund is an open-ended equity scheme that will invest in pharma and healthcare-related companies with a bottom-up approach for stock selection.

(Reuters) — The United Auto Workers union launched simultaneous strikes at three factories owned by General Motors (NYSE:GM), Ford (NYSE:F) and Chrysler parent Stellantis (NYSE:STLA) on Friday, kicking off the most ambitious U.S. industrial labor action in decades.

persons with disability to avail assistive technology services to reduce the out-of-pocket payment.NITI Aayog has started discussions with the Indian Council of Medical Research (ICMR), World Health Organisation (WHO) and stakeholder ministries to firm up the blueprint for a national integrated policy on assistive devices, a senior government official told ET. India has an estimated 30 million persons with disability as per the 2011 census and over 5% of the people aged 60 years and above have some form of disability. Assistive technology (AT) includes any item, equipment, software programme or product system that is used to increase, maintain or improve the functional capabilities of persons with disabilities (PWDs). Besides this, ATs are also used to overcome the functional-loss related to senile changes such as a decrease in vision or hearing or locomotor disability in the human body and also in overcoming disabilities owing to intelletual or learning disabilities. “The Aayog is currently assessing the unmet need and potential of the sector following which it will propose targeted policy measures to improve access and reach of ATs in India and integrating them with the national health policy,” the official added. The idea is to come up with an economically viable model for assistive devices to enhance their affordability, adaptability and functionality while also strengthening indigenous research and development and promoting mass manufacturing of assistive devices in India. Under the United Nation Convention on the Human Rights of Persons with Disabilities (UNCRPD), access to appropriate AT is a fundamental human right and India has ratified the Convention. The existing Rights of Persons with Disabilities (RPwD) Act

₹1,200 crore by FY27-28. The confidence stems from the belief that the IT sector which is poised to grow strongly has its focus on reskilling as a critical priority and NIIT is well-positioned to absorb the benefits and expand its business into emerging sectors through organic as well as inorganic growth. The company has cash reserves of ₹700 crore, which it has earmarked for potential mergers and acquisitions.

Tata Motors Ltd. is in the process of creating specialized dealerships in India, specifically designed to cater to electric vehicles, as part of its strategy to further strengthen its position in the fast-growing electric vehicle market, as per Bloomberg. “We felt the need to create a different brand philosophy and personality for EVs.

V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services believes the real worry is that many small and micro caps of doubtful quality are also participating in the bull run, driven purely by emotion and momentum. In this segment, a crash is inevitable. In an interview with Mint, Vijayakumar explained why he thinks the market is ignoring risks. The market is buoyant with a year-to-date (YTD) return of about 11 per cent in the Nifty.

₹488 apiece on BSE, and touched intraday high of ₹522.20. According to Rajesh Bhosale - Equity Technical and Derivative Analyst, Angel One, Strides Pharma Science Limited share price has experienced a significant increase in both price and trading volume, breaking through a key resistance level at 490 with an Bullish gap, which suggests a up trend. It is possible that prices can continue to rise in the short term, with a potential resistance level at 560.