Manufacturing Financial News

IPO listing date has been fixed for Wednesday, September 13 on NSE SME. If you applied for the shares, here's how you can check allotment status of Pramara IPO. If you have applied for the Pramara Promotions IPO , you can check your Pramara Promotions IPO allotment status immediately on the website of the IPO registrar, Bigshare Services Pvt Ltd.

Aprilia RS 457 is equipped with a 457 cc liquid-cooled, parallel-twin, DOHC, four-valve engine, delivering 47 bhp. The engine features a 270-degree connecting rod assembly to achieve the desired exhaust note. With a kerb weight of only 175 kg and a dry weight of 169 kg, the bike boasts an impressive power-to-weight ratio.

Billionaire Mukesh Ambani's Reliance Industries has begun exploring a foray into semiconductor manufacturing, a move that could address its supply chain needs and cater to growing chip demand in India, two people familiar with its strategy said. The telecoms-to-energy conglomerate, encouraged by the Indian government, has held early-stage talks with foreign chipmakers that have the potential to become technology partners, said one of the people who has direct knowledge of the plans. "There is intent, there is no timeline," said the person, adding that Reliance has "yet to make a call on whether they want to ultimately invest." The names of the foreign chipmakers could not be immediately learned.

Balaji Speciality Chemicals has withdrawn its draft prospectus filed with Sebi last year, the company's parent Balaji Amines informed the exchanges on Friday. However, the reasons for the withdrawal were not specified. «In connection with the offer, we have been informed by the BSCL that its Board of Directors through a resolution passed in the Board Meeting dated September 8 has decided to withdraw the DRHP filed with SEBI,» Balaji Amines said in a filing. Market analysts were expecting the IPO to be rolled out between late August to early September, but that did not materialise. The company had initially planned to raise Rs 250 crore via the issuance of fresh equity shares, whereas existing shareholders would offload 2.6 crore equity shares from their holding. According to the DRHP, net proceeds were proposed to be used towards repayment of debt, working capital requirements, and general corporate purposes. The company had appointed HDFC Bank and JM Financial Services as the book-running lead managers for the IPO, whereas Link Intime India was to act as the registrar to the issue. Incorporated in 2010, Solapur-based Balaji Speciality Chemicals manufactures niche chemicals, which are used in various end-use industries, such as speciality chemicals, agrochemicals, and pharmaceuticals. The company manufactures niche chemicals such as ethylene diamine, piperazine anhydrous, diethylenetriamine, aminoethyl ethanolamine and aminoethyl piperazine, using the monoethanol amine process. From FY20 to FY22, its customer base grew from 45 to 182, including key names like UPL, Dr Reddy's Labs, Aarti Drugs, and more.

Investing.com — Apple (NASDAQ:AAPL) shares hug the flatline in premarket trading on Friday following a two-day skid sparked by reports that China is telling government officials not to use the California company's iPhone device for work. Elsewhere, two more Federal Reserve policymakers hint that the central bank may skip hiking interest rates at its September gathering, while U.S. Treasury Secretary Janet Yellen suggests that China's post-COVID economic woes may not have a «significant impact» on the United States.

1. Bharat Dynamics Bharat Dynamics Limited surpassed its 50-day SMA of 1154.15, closing at Rs 1185.15 on September 7.

Energy management and automation firm Schneider Electric on Friday said it has made an equity investment in Biofuels Junction. The investment has been made through Schneider Electric Energy Access (SEEAA), Schneider Electric said in a statement. SEEAA is the Asia-focused clean energy fund, co-funded by Norfund, EDFI MC and Amundi, it added. «Schneider Electric...has made an equity investment in Biofuels Junction.

Investing.com — The U.S. dollar edged lower in early European trade Friday, but remains on track for an eighth straight winning week as U.S. economic resilience brings further Federal Reserve rate hikes into question. 

By David Lawder

Narendra Modi and US President Joe Biden will hold a bilateral meeting on Friday evening in advance of the G20 Leaders’ Summit in New Delhi on September 9 and 10. “It will be an opportunity to follow up on Prime Minister Modi’s visit to the United States and we will see meaningful progress on a number of issues like the GE jet engine issue, the MQ-9 Reapers, on 5G, 6G, on collaboration in critical and emerging technologies and progress also in the civil nuclear area as well. So we will mark all of that progress when the two of them meet tomorrow which shows the breadth of the relationship between our countries," said the US national security adviser Jake Sullivan to a gathering of journalists.

New Delhi: To bolster transparency in the drug regulatory system, the union health ministry has directed all state drug controllers to profile pharmaceutical companies within their jurisdiction. Around 10,500 entities are currently producing varied dosage forms and active pharmaceutical ingredients (APIs) in the country. The objective is to ascertain the types of drug formulations being manufactured, imported, and exported, giving the central government a clear picture of the industry's landscape.

The maker of an extremely spicy tortilla chip says it is working to remove the product from stores as Massachusetts authorities investigate the death of a teen whose family pointed to the One Chip Challenge popularized as a dare on social media as a co...

India's upcoming import restrictions on laptops, t... moreIndia's upcoming import restrictions on laptops, tablets, and personal computers, effective from November 1, have broader implications.

Cochin Shipyard share price surged almost 10 per cent in morning trade on Friday to hit their fresh all-time high of ₹1,258 on BSE. The stock opened at ₹1,195 against the previous close of ₹1,146.15 and jumped 9.8 per cent to its fresh peak. The stock has given a bewildering return in the last one year.

China’s exports are faltering and its consumers are spending less at home, the country is flooding the world with cars. Overseas demand for inexpensive vehicles made in China, mostly gasoline-powered models that Chinese consumers now shun in favor of electric cars, is so great that the biggest obstacle to selling more abroad is a lack of specialized ships to carry them. Chinese automakers have leaped to dominance in Russia since war began in Ukraine, transporting cars by train. The companies have also captured large shares of markets in Southeast Asia, Australia, South America and Mexico.

Gross domestic product rose only 0.1% in the three months through June, compared with a prior increase measured at 0.3% — an outcome that had surprised to the upside when first published in late July. Economists had anticipated that the reading would be repeated in fuller data, according to the median estimate in a Bloomberg survey. The report on Thursday will provide European Central Bank policymakers with harder evidence of the weakness taking hold in the euro-zone economy, a week before they prepare to decide whether another interest-rate increase is warranted to tame inflation. There was a worry at the last ECB meeting in July that stagflation may be threatening to take hold — a prospect that the new numbers may make more ominous.The remainder of the year looks similarly bleak, with PMI data signaling private-sector activity in contraction and surveys pointing to further anemic expansion of just 0.1% in the current quarter.

G20 Summit, a global consensus is emerging among investors recognising the potential of India's economic and industrial prowess, making several sectors attractive to global investors. We reached out to money managers to filter out P20 (20 portfolio) stocks as the India growth story, which is the best among large economies, is getting wider attention and appreciation with the G20 presidency.Sonam Srivastava, smallcase manager and founder of Wright Research1) InfosysThe IT sector has been India's flagship in showcasing its global prowess. Companies like Infosys and TCS reflect the country’s strength in digital solutions, IT services, and software development, aligning with digital discussions in G20.2) Tata MotorsAs India pushes for electric vehicles, Tata Motors, with its growing EV segment, stands out.

The number of Americans applying for unemployment benefits last week fell to the lowest level in seven months, another sign that the labor market remains largely unaffected by higher interest rates

VedantaRepresentatives of Vedanta Resources are traveling to Singapore and Hong Kong to meet bondholders, as the junk-rated Indian miner faces repayment of about $2 billion of notes next year.LTIMindtreeLTIMindtree has launched two industry solutions, AdSpark and Smart Service Operations, to accelerate the time-to-market for businesses on the Salesforce platform.Read more: Here's the trade setup for today's sessionJB ChemicalsLakshay Kataria, Chief Financial Officer of the company, has resigned due to personal reasons and he will be relieved from his duties effective end of business hours on November 30, 2023.Mazagon DockMazagon Dock has signed a master ship repair agreement with the US government. The agreement is expected to open-up voyage repairs of US Navy ships at the company.Tata SteelAVAADA Group said it has signed an agreement with Tata Steel Special Economic Zone Ltd (TSSEZL) to set up a green hydrogen and ammonia manufacturing unit in Odisha.Adani Total GasAdani Total Gas will set up a compressed biogas plant in Uttar Pradesh, according to an ET Now report.Shemaroo EntertainmentCGST and the central excise department carried out search operations at the company's premises on September 5 and detained top executives.

Reliance Industries: Viacom18, controlled by Reliance Industries Ltd, has picked up exclusive media rights for televising and live-streaming Indian Super League (ISL) football matches for the next two seasons. The 10th season of the ISL is set to start on 21 September with a match between Kerala Blasters FC and Bengaluru FC in Kochi. For the first time, India’s premier football league will be aired by Viacom18, replacing Disney Star, which had been the official broadcaster for the last nine seasons.

wage hike and two additional 3% annual lump sum payments over four years in its offer to the union ahead of the Sept. 14 contract expiration. GM shares closed down 0.8% to $32.57.