Manufacturing Financial News

China is speeding ahead in the electric-vehicle race. Europe’s antisubsidy investigation into Chinese EV makers reflects this new reality, but tariffs alone aren’t enough to keep Europe’s automakers in the fast lane. The European Union has launched a probe into whether state subsidies have given Chinese EV makers an unfair leg up as they accelerate into European markets.

New Delhi: All smartphones will have to support NavIC by the end of 2025, minister of state for electronics and information technology Rajeev Chandrasekhar said after Apple successfully supported the indigenous navigation system in some of the new iPhone 15 models. 5G smartphones would have to support NavIC, short for Navigation with Indian Constellation, by 1 January 2025, and other phones by December 2025, the minister said.

India can't seem to see the point in their preferred phones being made in India, yet costing more. And, yet, that is precisely the point. It doesn't matter that iPhones are expensive in the country as long as more of them are made here.

₹404, which is a whopping 21% jump on a month-on-month basis, shows data from Nomura Financial Advisory and Securities (India). One cement bag weighs 50 kg. Thus, for Q2, the East is seen leading with a 1.5% rise in prices sequentially.

Abbott on Thursday said it is implementing corrective actions at its Goa-based facility from where it had produced antacid Digene Gel that was recalled from the market due to non-compliance with manufacturing norms. Earlier this month, regulator DCGI cautioned against the consumption of Digene Gel citing safety concerns even as the drug maker recalled several batches of the medicine manufactured at the Goa facility. The drug regulatory body also advised doctors and healthcare professionals to carefully prescribe and educate their patients to discontinue the medicine's use and for reporting of any adverse drug reactions arising due to consumption of the said product.

(Reuters) -Abcam Plc (O:ABCM) founder Jonathan Milner on Thursday said he would vote against medical tools supplier Danaher (NYSE:DHR)'s proposed $5.7 billion acquisition of the company, as it undervalues the protein consumables manufacturer.

Volkswagen AG is cutting temporary workers at its main electric-vehicle factory in Germany after the phaseout of a subsidy in the country caused demand for its EVs to drop.

air pollution including in the Delhi-NCR region, the report said. "We have to see what level of work has been done over the years and whether any additional directions are required to be issued. We see that most of the aspects have been taken care of by various orders passed by this court from time to time," PTI quoted the bench observation.

KaleidEO Space Systems, became the first Indian firm to use edge computing for taking hi-resolution image with the help of an orbiting satellite in real-time. With this, the Bengaluru based startup, achieved a new milestone by becoming first Indian firm to demonstrate Edge computing in space. The company used deep learning based algorithms to analyze imagery in-orbit, as captured by Satellogic - a satellite constellation and data provider company based out of Montevideo, Uruguay.

Hyderabad (Telangana) [India], September 13: GS Caltex, a leading name in the automotive lubricants industry, is proud to announce the launch of its flagship service centers, Kixx Smart Bike Stations, at Kondapur in Hyderabad. With decades of experience, GS Caltex has consistently delivered top-notch lubricants for various automotive and industrial applications. This strategic initiative marks a significant milestone for GS Caltex as it reaffirms its commitment to providing unparalleled service excellence to motorcycle enthusiasts in the region.

U.S. wholesale prices increases accelerated in August, a sign that inflation remains stubbornly persistent despite a series of sharp interest rate hikes by the Federal Reserve

OIML certificates — mandatory certification required for measuring instruments, said Rohit Kumar Singh, secretary, Department of Consumer Affairs on Thursday. The OIML — International Organisation of Legal Metrology — is an international standard-setting body which develops regulations, standards and related documents for use by legal metrology authorities and industry. Established in 1955, headquartered in Paris, harmonises international regulations of measuring instruments like clinical thermometers, alcohol breath analysers, radar speed measuring instruments, ship tanks found at ports, and petrol dispensing units. «It is a single certificate accepted worldwide, » said Singh adding that this would help manufacturers of measuring devices in India help get the certificate faster and also earn foreign exchange for the country as international manufacturers are applying for the certificate in India. India is the 13th country to become an issuing authority.

renewable energy, carbon capture, usage and storage technology with Blast Furnace (BF)/Basic Oxygen Furnace (BOF) or Direct Reduced Iron (DRI)-Electric Arc Furnace (EAF), scrap-based Electric Arc Furnace (EAF) etc. Of these technologies, the green hydrogen-based route is the cleanest method of producing steel. However, green hydrogen is expensive and investing in the technology could render steelmakers uncompetitive as they sell a highly commoditised product.

(Reuters) — Bristol Myers (NYSE:BMY) Squibb said on Thursday it plans to double the number of treatments it is testing in clinical trials, with a focus on cell therapies, over the next 18 months, as it contends with increasing generic competition for two of its top-selling drugs.

U.S. wholesale prices increases accelerated in August, a sign that inflation remains stubbornly persistent despite a series of sharp interest rate hikes by the Federal Reserve

An industrial park being built in Indonesia on the tropical island of Borneo that has attracted billions of dollars in foreign and domestic investment is damaging the environment in an area where endangered species live and migrate

The U.S. Justice Department is pressing ahead with its antitrust case against Google

Small Satellite Launch Vehicle technology, said a top official who termed it a «tremendous response». Chairman of Indian National Space Promotion and Authorisation Centre (IN-SPACe) Pawan K Goenka said on Thursday that they are keen to see how the private sector uses the Small Satellite Launch Vehicle (SSLV) technology. «There has been a tremendous response, 23 companies have (so far) shown interest in applying for this technology.

Crisil said in a report. For FY24, the industry's total volume is expected to rise 5-7 per cent, similar to the last fiscal, and the operating margin will remain healthy at 18 to 19 per cent, ensuring a stable cash flow generation, it added. Moreover, modest capex spending undertaken — mostly for debottlenecking and routine modernisation — will help sustain credit risk profiles, as per the report. The Indian paper industry had reported revenue growth of 30 per cent a year before in FY23. «Indian paper manufacturers could see revenue decline of 8-10 per cent this fiscal, compared with a steep 30 per cent growth last fiscal, with average realisations expected to soften in keeping with lower raw material prices, and given intense competition,» it said.

₹91 per equity share of face value of ₹10 each. Kundan Edifice IPO lot size is 1,200 equity shares and in multiples of 1,200 equity shares thereafter. Kundan IPO, which is worth ₹25.22 crore, is completely a fresh issue of 2,772,000 equity share; there is no offer for sale (OFS) component.

New Delhi: Toy retailer Hamleys, owned by Mukesh Ambani’s Reliance Industries Ltd., has inaugurated its first retail store in Italy with franchisee Giochi Preziosi S.P.A (GP), a prominent player in the European country’s toy manufacturing and distribution industry.. Under the terms of the franchise agreement, GP has secured the exclusive rights to operate Hamleys stores throughout Italy, Reliance Brands Ltd. (RBL), that acquired the British toy retailer in 2019, said in a statement on Thursday Hamleys has made its debut in Italy with a store in Milan at the Corso Vittorio Emanuele II.