Manufacturing Financial News

The US Dollar Index rallied for the eighth consecutive week, which is its longest winning streak since 2005. The Greenback gained as the US economy is presently doing better than its peers, especially the European economies.

Dalal Street. Not just today, but since the last 1-2 years, both foreign and domestic investors are increasingly betting on the domestic growth story and the potential that India holds to become a global powerhouse. A reflection of this can be seen in the performance of the S&P BSE Bharat 22 index, which has more than doubled in value in 3 years. In fact, the index hit a lifetime high of 6118.08 points on Friday. At a time when the sword of a recession was hanging over developed economies such as the US and Europe, India became the fastest growing economy in the world. The euphoria drove a whopping 28% rally in the Bharat 22 index on a year-to-date basis. “India continues to be one of the fastest-growing major economies in the World for the 3rd year in a row.

Europe appears to be headed for a recession if it’s not there already, and matters are worse if you ask: Who will save it this time? Maybe Europe will have to fix itself. Previous dismal estimates for gross domestic product in the second quarter of the year were revised down to abysmal Thursday. The European Union had zero growth quarter-on-quarter, and 0.4% year-on-year.

Deep tech represents a captivating fusion of cutting-edge science and revolutionary engineering. It encompasses a wide array of advanced technologies, such as artificial intelligence (AI), machine learning (ML), nanotechnologies, quantum computing, and more empowering organizations to address intricate problems, ignite innovation, and build commercially viable solutions — shaping a sustainable and intelligent tomorrow. Within the manufacturing domain, deep tech ecosystems are essential for keeping the engines running, bolstering shop floor operations, and seamlessly integrating back-end and front-end functions, positioning companies for unrivaled success.

Taiwan will remain the world’s “indispensable and irreplaceable” source of the world’s most advanced microchips, the island’s US representative said, even as the Washington looks to ease its reliance on foreign partners for semiconductors.Hsiao Bi-Khim, the Taiwan government’s top emissary to the US, said Taiwan Semiconductor Manufacturing Co.’s move to build chip-making facilities in the US is an “important effort to further consolidate secure and stable supply chains.” At the same time, “we still see Taiwan as indispensable and irreplaceable,” Hsiao said in an interview on Bloomberg Television with Annmarie Hordern and Joe Mathieu. “It’s taken us decades to build the ecosystem that fosters the environment for very competitive production of semiconductor chips.” “As of now we don’t see anyone replacing that capacity that Taiwan has built over the years,” she said.TSMC, the world’s leading chipmaker, has committed to building a $12 billion facility in Arizona with the goal of making high-end semiconductors on American soil by late 2024.

₹1.5 lakh crore) each, will be a long-term investment for Australia. These subs are not expected to be operational until past the midpoint of the century. Meanwhile, ‘Ghost Sharks’, which are expected to cost just above AUD$23 million (around ₹123 crore) each, are planned for delivery by mid-2025.

China as a money spinner. They gushed about its hundreds of millions of consumers, called it «one of the biggest opportunities» and made predictions that this would be «China's century.» Now, those executives have come away from recent visits to the country with a more sober view. Western companies doing business in China are facing pressures that were unimaginable several years ago.

Nvidia and Reliance Industries, India’s largest company by market cap, will together build a foundational large language model (LLM) — an artificial intelligence algorithm —that will be trained on an array of diverse Indic languages used by the country’s 1.4 billion people, chief executive Jensen Huang announced on Friday. The $27.5-billion company, which is the world’s best-known maker of hardware and software for AI tools, also said it will partner with the salt-to-software conglomerate Tata Group to advance AI infrastructure in India.

The Kroger Co. has agreed to pay up to $1.4 billion to settle lawsuits over the toll of opioids

Investigators say one of the engines on a United Airlines jet broke up over Denver in 2021 because of wear and tear on a fan blade that wasn't adequately inspected for signs of cracking

Mullen Automotive (NASDAQ:MULN) saw a spark of life in early trading Friday when the share price jumped 2.2% after the opening bell, before quickly returning to the red. Part of the reason for the jump appears to be encouragement that Mullen management is fighting back against NASDAQ’s delisting announcement by attempting to appeal the decision.

Narendra Modi and US President Joe Biden reaffirmed their nations’ close ties and commitment to developing robust global semiconductor supply chains during their meeting before the G20 Leaders’ Summit in New Delhi, building on discussions from their June bilateral meeting. Biden also reiterated America’s support for India’s longstanding demand for a permanent seat on the UN Security Council and expressed support for India’s candidacy for another term in the UNSC as a non-permanent member in 2028-29.

Narendra Modi and US President Joe Biden on Friday vowed to 'deepen and diversify' the bilateral major defence partnership while welcoming forward movement in India's procurement of 31 drones and joint development of jet engines. In their over 50-minute talks, the two leaders deliberated on India's G20 presidency, cooperation in nuclear energy, critical and emerging technologies such as 6G and artificial intelligence, and ways to fundamentally reshape multilateral development banks. The US president is visiting India primarily to attend the two-day G20 summit beginning Saturday.

Narendra Modi and US President Joe Biden picked up from where they left off in June during their bilateral meeting on Friday in advance of the G20 Leaders’ Summit in New Delhi. “The leaders called on their governments to continue the work of transforming the India-U.S.

₹300 crore in the next three-four years to further expand their Sri City manufacturing plant in Andhra Pradesh with an aim to increase India exports, the company’s management said in a press briefing. “So, we have already invested 300 crores in our new Sri factory. And we plan to invest a total of 600 crores in the five years' bracket which is 2021 to 2025.

Employers hired more workers than expected in August, but the unemployment rate held steady due to a population increase of 103,000, so the surprise gain likely won’t bring policymakers off the sidelines when it comes to interest rates, economists say.

₹23 per equity share and the share will be listed on the NSE SME exchange Thursday, September 21. Jiwanram IPO, which is worth ₹17.07 crore, is completely a fresh issue of 74,22,000 equity share; there is no offer for sale (OFS) component. The face value of the equity shares is ₹10 each and the issue price is 2.30 times of the face value.

By Davit Kirakosyan

By David Ljunggren and Steve Scherer

Investing.com -- Shares in Apple (NASDAQ:AAPL) climbed in early U.S. trading on Friday, paring back some losses from two straight days of declines that wiped around $200 billion off of the tech giant's market value. Media reports suggesting that government officials in China have been barred from using Apple’s iPhone and other foreign-branded mobile devices at work have sparked concerns that Beijing is willing to sideline American companies in favor of Chinese players. China is a crucial market for Apple, with the country accounting for nearly a fifth of its total sales. 

Kfin Technologies Ltd. Investors can find out if and how many shares they have been given through the basis of allotment. The initiation of the refund process will start on Monday, September 11, for individuals not given shares.