Manufacturing Financial News

President Donald Trump has spoken of tariffs as a job-creating behemoth.

Aveo Pharmaceuticals said the company has been issued stop-production notice for non-compliance with manufacturing standards and not for export of opioid-based drugs to West African nations. Arvind Sharma, its managing director, also told ET's Teena Thacker and Vikas Dandekar that the company has valid product permissions from the state food and drug administrator for Tafradol, a combination of Tapentadol and Carisoprodol. Edited excerpts: What is the status of allegations of exports of opioids to West African nations? The allegations that our products are narcotics opioids are false. All our products are legitimate, licensed pharmaceuticals sold under valid prescriptions in numerous countries.

bilateral trade agreements rather than multilateral deals and protect its national interest, especially that of the farmers and small entreprenuers, while negotiating with the US, the Swadeshi Jagran Manch (SJM) said on Monday. The SJM's national council passed a resolution in this regard at its meeting in Chhattisgarh, the RSS affiliate said in a statement. The two-day meeting held in Raipur, which deliberated on a host of issues, including strengthening India's economy amid a changing geopolitical scenario and the Donald Trump administration's policy of reciprocal tariffs, concluded on Monday. «After taking over as US president, Donald Trump has launched a frontal attack on the global free trade system by announcing his intent to impose higher tariffs (on reciprocal basis) on imports from many countries around the world,» the resolution said.

coal-fired power generation grew at a muted pace on the back of a slowdown in manufacturing activity. This is the longest such streak since February 2022, when imports declined for eight consecutive months. Manufacturing activity in the world's fastest growing major economy slowed to its weakest pace in over a year, stifling appetite for seaborne coal in the country and adding to pressure on declining on global thermal coal prices.

Civil Aviation Minister K. Rammohan Naidu said on Monday that the government is in the process of setting up a Special Purpose Vehicle (SPV) aimed at manufacturing regional transport aircraft. During a session in the Rajya Sabha, Naidu assured that India is ready to embark on manufacturing its own aircraft, alongside designing and maintaining them. He highlighted that the necessary policies are already in place to make this vision a reality.

Avaada Group said that Uttar Pradesh Chief Minister Yogi Adityanath has inaugurated its 1.5 GW solar module manufacturing Gigafactory in Noida. The foundation stone has also been laid for Avaada Electro's ambitious 5 GW integrated solar manufacturing unit at Ecotech, Greater Noida, the company said in a statement. The 1.5 GW PV module manufacturing unit in Dadri is a significant step in Avaada Group's commitment to sustainable innovation. Constructed at an unprecedented pace, the first phase of the gigafactory became operational within just 3.5 months, with all utilities and module production lines fully commissioned, according to the statement.

Subscribe to enjoy similar stories. Prince Pipes & Fittings, India’s fifth-largest plastic pipe manufacturing company, reported a decline in its third-quarter earnings due to decreased sales volume, inventory losses, and a weak demand environment. Consequently, the stock has halved in the last one year, and fallen 35% so far in 2025.

Subscribe to enjoy similar stories. India is ramping up its efforts to break China's dominance in the solar supply chain with a $1 billion capital subsidy plan that’s aimed at boosting domestic manufacturing of wafers and ingots—critical components in solar panel production. While the country has made significant progress in solar module and cell manufacturing, wafer and ingot production remains a weak link, with only 2gigawatts (GW)of capacity compared to 71 GW in modules and 11 GW in cells.

Subscribe to enjoy similar stories. US President Donald Trump issued executive orders slapping high tariffs on imports from Canada, Mexico and China. For the rest, he has proposed a reciprocal tariff regime, pushing exporting countries to either reduce their respective import duties drastically or be shut out of the US market.

JSW Steel climbed as much as 2.1% on Monday to a four-month high of Rs 1,032.5 on the BSE, after the company reported a 12% year-on-year (YoY) increase in consolidated crude steel production for February 2025. In a filing to the exchanges on Friday, JSW Steel said its consolidated crude steel production for February stood at 24.07 lakh tonnes, compared to 21.49 lakh tonnes in the same period last year. The company’s domestic operations contributed 23.32 lakh tonnes, reflecting a 13% YoY jump, while its U.S. steel production came in at 0.75 lakh tonnes.

large language model of its own, named FoxBrain. According to a report in The Wall Street Journal, the company designed the model for internal use initially. FoxBrain can perform functions such as data analysis, mathematics, reasoning and code generation. Foxconn said Nvidia has supported the model through its Taiwan-based supercomputer and technical consulting, enabling successful model training.

Subscribe to enjoy similar stories. “A strong dollar is in our national interest." The simple message from Robert Rubin, who became treasury secretary in 1994, marked a turning point. For decades, American policymakers had complained about how the weak currencies of their country’s trading partners had made life difficult for domestic manufacturers.

Trump did not confirm whether the U.S. could face a recession in 2025. In an interview with Fox News, he discussed tariffs, stock market fluctuations and economic concerns. He delayed some tariffs but indicated possible increases. Commerce Secretary Howard Lutnick rejected the possibility of a recession.

Haier Appliances India looks to become a USD 2 billion sales company in the next 3-4 years on the back of a high double-digit growth powered by expansion in product category and channels, according to a top official. The home appliances maker has earmarked an investment of over Rs 1,000 crore between 2024-2028 to set up new AC Production and Injection Molding Units. It has already ploughed in Rs 2,400 crore in its plants at Pune and Greater Noida so far. With this new plant, Haier India's capacity would increase to 4 million units per annum from the present 1.5 million units, besides increasing domestic value addition. «Currently we have a capacity of 1.5 million. However, the way the AC market is growing here, by 2027 we will have a shortage in capacity.… The new plant will be 2.5 million units,» Haier Appliances India President NS Satish told PTI on Sunday.

Subscribe to enjoy similar stories. Data-storage company Seagate makes hard disk drive components at its factory in suburban Minneapolis. The fate of an industry is riding on a laser smaller than a grain of salt.

Indian Solar Manufacturers Association (ISMA) has demanded imposition of safeguard duty on import of polysilicon, ingot and wafer to help protect the domestic solar manufacturing industry from dumping and boost local capabilities. Sunlight is converted into electricity through a process called photovoltaics (PV). This involves several key components working together to harness the energy from the sun. At the core are solar cells, which are made from silicon. These are grouped together and mounted on a solar panel or module which captures sunlight and converts it into direct current (DC) electricity. According to ISMA, India is already self-sufficient in module manufacturing, helped by duty protection measures. Also, significant cell capacities are under ramp-up and the country will be self-sufficient by FY27 in cell manufacturing. «Need of the hour is to shift focus towards capital and energy intensive upstream manufacturing which is currently dependent on China with heavy dumping and price manipulation,» ISMA said in a presentation to the Ministry of New and Renewable Energy.

Granules India for failing to maintain buildings for drug storage and avoiding adequate procedures regarding cleaning and maintenance of equipment at its Telangana-based formulations plant. In a warning letter to the company's Chairman and Managing Director Krishna Prasad Chigurupati, the US Food and Drug Administration (USFDA) stated that the company failed to establish and follow adequate written procedures for maintaining equipment at the Medchal-Malkajgiri-based manufacturing facility. The USFDA inspected the facility from August 26 to September 6, 2024. «Our investigators observed significant contamination in multiple ducts of non-dedicated use in the preparation of finished drug products manufactured at your facility,» the USFDA stated.

Subscribe to enjoy similar stories. SCIENTISTS LOOKING to remove carbon dioxide (CO2) from the air cleanly and cheaply have long been interested in metal-organic frameworks, or MOFs: gigantic, sponge-like molecules that can be precisely engineered to capture the gas and then release it on command. Made of metal ions held together by compounds containing carbon, MOFs come in a dizzying array of structures, each with its own distinct properties.

Ashwini Vaishnaw. India will emerge as one of the key players — not only in providing services but also a major technology creator in the age of artificial intelligence, he said at the 25th ET Awards for Corporate Excellence, where he was conferred the Reformer of the Year honour. “India will emerge very powerful, very strong (and) will come out with substantially better conditions,” he said. “The reason for that is the pragmatism with which we are approaching this entire thing.”

Mallikarjun Kharge on Saturday accused Prime Minister Narendra Modi of «lying» to the country, alleging that he has told eleven significant lies during his eleven years in power. Speaking at an event to launch the Kalyana Patha project in Jewargi, aimed at laying 1,166 km of roads across 38 rural constituencies in Kalyan Karnataka, Kharge criticised Modi's promises. The project, which is modeled after the Pradhan Mantri Gram Sadak Yojana, will be implemented at a cost of Rs 1,000 crore. «In eleven years Modi has said eleven big lies, not small ones. First lie is to bring black money from abroad and put Rs 15 lakh each to the bank accounts of the people. Second lie is creating 2 crore jobs every year. Did you get it, no. But I still don't know why our youths support him? Do they do it on the basis of caste, religion, conduct, I don't understand,» Kharge said. Addressing the gathering, he wondered why people don't support those from the Congress party, whose leaders have dedicated their lives serving the poor, sacrificed their lives, and fought for the freedom of the country.

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