Manufacturing Financial News

IPO Subscription Status: The initial public offering (IPO) of wires & cables manufacturer RR Kabel has been fully subscribed so far as the issue received decent inventors’ participation. RR Kabel IPO opened on September 13 and will close today, September 15. RR Kabel is a prominent player in the Indian consumer electrical industry, specializing in wires & cables (W&C) and fast-moving electrical goods (FMEG) for over two decades.

Apple iPhone lovers are eagerly waiting to grab the latest iPhone 15 series phones. Preorders for these new-generation iPhones are scheduled to commence on September 15, with the official sale date slated for September 22. What's intriguing about this launch is that the pricing strategy for the new iPhone models, iPhone 15 and iPhone 15 Plus, in India, remains unchanged from their predecessors, iPhone 14 and iPhone 14 Plus. However, a noteworthy price adjustment comes in the form of the Pro models.

Chinese smartphone manufacturer Xiaomi Inc's supplier Dixon Technologies India Ltd will reportedly open a massive new factory on the outskirts of New Delhi, Bloomberg News reported. Chinese-based company Xiaomi has been compelled to partner with Dixon for smartphone assembly because India is pressing Chinese companies to localize everything from manufacturing to distribution of devices. As per the Bloomberg report, Dixon will invest more than ₹4 billion ($48.2 million) over three years in the factory, which is spread over more than 300,000 square feet or the size of six football fields, and will largely produce Xiaomi smartphones.

Tata Motors Ltd on Thursday said it will continue to produce diesel cars as long as customers demand and regulations permit while it accelerates the shift towards electric vehicles. “We have shown the biggest commitment to what the government wants i.e., EVs. It is unfortunate that people are asking questions on diesel and not asking manufacturers who are not moving to EVs but we are asking questions on what about diesel.

solar power and electric vehicles this year is smashing the forecasts of the most bullish analysts, giving hope they are on the net-zero path the world needs. If only the same could be said of other forms of clean energy. Take photovoltaic panels. Solar modules last month hit a record low 16.5 cents per watt, according to BloombergNEF, and will slump further to 14.5 cents by the end of the year.

ipo listing date: Kahan Packaging share price listed on BSE SME at a premium on Friday. On the BSE SME, Kahan Packaging shares were listed at ₹152, 90 per cent higher than the issue price of ₹80. Kahan Packaging IPO opened for subscription on Wednesday, September 6, and closed on Friday, September 8.

Xiaomi Inc. supplier Dixon Technologies India Ltd.

startups in India, its senior official told Bloomberg. The bank plans to work with companies that are pioneers in their sectors, developing new products or services, and is targeting companies with a large consumer orientation in India, as well as abroad, Kaustubh Kulkarni, the senior country officer for India said. “We want to be there first with those companies," Kulkarni said in an interview to Bloomberg.

“The IT and chemical sectors offer attractive risk-reward prospects. A healthy correction in manufacturing, industrial, and PSU stocks presents a solid long-term entry point. In the financial and consumption sectors, selective buying is advisable,” says Sunil Nyati, Managing Director of Swastika Investmart Ltd. In an interview with ETMarkets, Nyati said: “The broader market is demonstrating exceptional performance, primarily attributable to the optimistic outlook for the Indian economy and robust domestic liquidity” Edited excerpts:We saw a steady rise in markets last week with the Nifty50 climbing to 20,000 levels. Do you think the upcoming US Fed meet could play a spoilsport?The market is currently experiencing a robust bullish trend, with the upcoming Federal Open Market Committee (FOMC) meeting poised to be a pivotal global catalyst.

InfosysInfosys said it will consider an interim dividend along with its second quarter results, which will be announced on October 12.United SpiritsFollowing an order passed on applicability of GST rate on royalty income, the company has filed an appeal before Joint Commissioner Of Commercial Taxes (Appeals-1).Read more: Here's the trading setup for today's sessionSeQuent ScientificThe company's Board has approved the sale of API facility in Thane.Gufic BiosciencesThe company has been granted patent for an invention entitled “A Freeze Dried Parenteral Composition Of Omadacycline Tosylate And Process For Preparation Thereof for the term of 20 years effective from April 19, 2021.Alkem LabsAlkem Labs said the income tax department has conducted a survey at some of its offices and subsidiaries.

space sector.Q. What is the core of your research?A. I bring the tools of economics to the rapidly changing space sector.

Food regulator FSSAI on Thursday said 1,411 prosecution cases have been filed since April against food business operators (FBOs) found to be violating food safety laws. The Food Safety and Standards Authority of India (FSSAI) said in a statement that it has taken stern action against FBOs found to be violating food safety laws. «According to the records, 1,411 prosecution cases have been initiated against FBOs found violating the provisions of the Food Safety and Standards (FSS) Act, 2006, since April 1, 2023,» it said. The prosecution initiated against the FBOs covers different violations committed, including carrying out a food business without a valid license and manufacturing or selling unsafe food. Since the beginning of this financial year, a number of food products across various categories like milk and milk products, spices, packaged drinking water, nutraceuticals, sauces, pickles, chips, jaggery, etc.

BAE Systems and Larsen & Toubro have teamed up to bring the AATV to the country under the 'Make in India' programme, it said. «The two companies have signed an agreement to offer the BvS10 for an Indian armed forces programme», the statement said. Under the agreement, L&T is the prime bidder for the Indian market, with the support of BAE Systems Hagglunds, the Swedish manufacturer of the highly successful BvS10 family of vehicles. «BAE Systems and L&T have upgraded the BvS10 to meet the specific requirements of the Indian armed forces. This new variant will be known as the 'BvS10-Sindhu'.

Wholesale inflation declined for the fifth consecutive month in August to 0.52% from 1.4% in July providing further comfort to the Reserve Bank of India to hold rates ahead of the RBI's Monetary Policy Committee in early October, experts said. «With fall in commodity prices driving deflation in core WPI on YoY basis (which implies lower input costs for producers), currently there is limited pressure on consumer prices, resulting in broadly stable CPI core inflation. This is likely to comfort the RBI,» said Rahul Bajoria, head of EM Asia (ex-China) economics, Barclays. RBI last raised policy rates to 6.5% in February and has not instituted a rate hike since.

Grasim Industries Ltd, an Aditya Birla group flagship, will launch its new paints venture under the brand name, Birla Opus, in the fourth quarter of FY24, it told the exchanges on Thursday. “Our foray into decorative paints is a strategic choice that enables us to tap a high growth market and expand our presence in the vibrant Indian consumer landscape," said Kumar Mangalam Birla, chairman, Aditya Birla Group. “The company, over the last couple of years, built a strong foundation to enable a successful business launch.

₹5.5 trillion. But this hasn’t bothered Rohit Verma, a tech professional in his mid-50s with a big consulting firm, much. “A 10% plus correction after such a stupendous rally in Smids isn’t abnormal.

NEW DELHI : The Union health ministry has proposed sweeping changes to its drug licensing programme, aiming for uniformity across India to boost drug safety, after cough syrups made in the country were allegedly linked to the deaths of children overseas, two people familiar with the development said. The proposal also follows a government expert panel emphasizing the need for uniform implementation of documentation and dossier-based approval processes for drugs manufactured in the country to ensure consistent quality and safety.

You almost have to admire the brass of the Biden White House. The Census Bureau reported Tuesday that Americans are poorer under Bidenomics, and the President quickly changed the subject to blame Republicans for rising child poverty on his watch. As usual, too many in the press corps bought the spin.

Maruti Suzuki India Ltd, which dominates India’s small car segment, is urging dealers to stock up on hatchbacks, as the country’s largest carmaker anticipates a positive impact from its expanding sport utility vehicles (SUVs) portfolio. The move comes amid muted demand for hatchbacks, which has led to ballooning inventory and tied-up working capital at small car dealerships, two people aware of the matter said on condition of anonymity.

manufacturing and agriculture, along with policy reforms, could be a significant driver of growth and job creation over the medium term, an HSBC Global Research report said on Thursday. «India needs to create a whopping 70 million new jobs in the next decade.

RIYADH, Saudi Arabia—American defense giant RTX and a Saudi weapons firm were heading toward a multibillion-dollar deal when it was abruptly called off early this year. The reason, say people familiar with the talks, was RTX’s concerns that its Saudi partner’s companies were pursuing business with sanctioned Chinese and Russian entities. That unease was a deciding factor for an advisory board of retired American military officers to resign from the Saudi company, Scopa Defense, the people said.