Manufacturing Financial News

«Commerce Minister Piyush Goyal is in Washington DC to talk trade with the Americans. Meanwhile, President Trump says this...,» he said in a post on X, tagging a video of the US president speaking on trade tariffs. US President Donald Trump said India has agreed to cut its tariffs «way down» as he reiterated his claim that the country charges America massive tariffs that make it difficult to sell products there.

Anand Mahindra has once again highlighted an inspiring Indian success story, demonstrating how small-town entrepreneurs are emerging as global business powerhouses. In a recent tweet, the Chairman of Mahindra & Mahindra shared a video showcasing Morbi, a town in Gujarat, and its dominance in the ceramic industry. The video details how Morbi, covering just 50 by 9 km, has become a global ceramic hub, producing 90 per cent of India's ceramics. According to the video, nearly 1,000 family-owned factories in Morbi have been manufacturing tiles and ceramics since the 1930s, successfully competing with China's pricing and matching Italy’s quality. The video states that these businesses collectively control 13 per cent of the world's ceramic production, creating an industry worth thousands of crores and employing approximately four lakh people.

Trump may be doing more to harm the US economy than to fix it. The labour market remains healthy with a 4.1 per cent unemployment rate and 151,000 jobs added in February, and Trump likes to point to investment commitments by Apple and Taiwan Semiconductor Manufacturing Company to show that he's delivering results. But Friday's employment report also found that the number of people stuck working part-time because of economic circumstances jumped by 460,000 last month. In the leisure and hospitality sectors that reflect consumers having extra money to spend, 16,000 jobs were lost. And the federal government reduced its payrolls by 10,000 in a potential harbinger of the alarm being sounded by the stock market, consumer confidence and other measures of where the economy is headed.

Ajay Devgan, and Tiger Shroff, along with the chairman of JB Industries, over an alleged misleading advertisement for Vimal Pan Masala. The forum has asked them to appear on March 19 regarding claims made in the advertisement that each grain of the pan masala contains saffron, a TOI report stated.

The uncertainty around tariffs and poor winter weather are to blame for Canada’s hiring slowdown in February, economists say, and that likely means more interest rate cuts by the Bank of Canada.

Donald Trump's push to boost American production and exports, ToI reported. However, across-the-board duty reductions may not necessarily translate into higher US shipments to India, as companies are likely to source goods from more competitive markets like China or Southeast Asia. Despite the tariff debates, American brands such as Harley-Davidson and Tesla do not currently manufacture vehicles in the US for export to India. Harley-Davidson, a brand often associated with US presidents, imports its motorcycles from Thailand, while Tesla—on the verge of entering the Indian market—plans to ship its electric vehicles from Germany after Indian authorities discouraged imports from China. Locational advantages, lower freight costs, and economies of scale make it more profitable for companies to manufacture in other countries rather than the US. Many firms also take advantage of India's free trade agreements to ship goods at zero duty.

NLB Services said in a report. Currently, women comprise just a fourth of India's 2,20,000-strong chip design and engineering workforce, but this figure is expected to surpass 30 per cent by 2027, said NLB Services. Despite this, men continue to dominate key semiconductor roles, it added.

Subscribe to enjoy similar stories. Adani Wilmar Ltd (AWL) is doubling down on branded foods with its ₹600 crore acquisition of G.D. Foods Manufacturing (India) Pvt.

Nifty 50’s forward price-to-earnings (P/E) ratio has fallen to multi-year lows, as the ongoing market selloff pushes valuations down sharply. The benchmark index’s P/E for 2025 and 2026 now stands at 18.5x and 16.2x, respectively, marking a significant compression in valuation multiples, brokerage Ventura noted. Historically, Nifty’s forward P/E has seen sharper declines during past market crises, including the Global Financial Crisis (GFC) of 2008 and the COVID 19-induced crash of 2020, when valuations dropped to 10.5x and 15x, respectively. The brokerage warned that if corrective mechanisms are not put in place, the current downturn could mirror past collapses.

Subscribe to enjoy similar stories. Investors on the hunt for high-growth opportunities know that picking the right stocks is more than just chasing short-term gains—it's about identifying businesses with strong fundamentals, industry tailwinds, and the ability to scale over time. As India’s economy surges toward the $5 trillion mark, key sectors like renewable energy, healthcare, digital infrastructure, and technology are presenting massive wealth-creation opportunities.

«What we have seen in the past is whenever there is a tariff or anything like that, the metal prices usually go up in the near term and that is actually positive for companies like Hindalco,» says Parthiv Jhonsa, Anand Rathi Institutional Equities. I want to first really talk about what is happening in the world. We have been speaking with the managements of Hindalco, Nalco, etc. The managements firmly believe that these tariffs will not really impact them. Do you think that is the same? Parthiv Jhonsa: We need to understand that over especially last two months, the entire metal has seen a lot of to-and-fros internationally. Yes, companies like Hindalco where Novelis has a huge presence in USA, something like these tariffs would actually not make a huge difference or a huge dent to them because they have a good presence in USA.

Electronics City elevated expressway from 11 pm to 6 am starting Wednesday until further notice. According to traffic police, the National Highways Authority of India (NHAI) will conduct maintenance work on the expressway beginning on the night of March 5.

Laurus Labs will be in focus on Friday after the company approved an investment of Rs 83.3 crore in KRKA Pharma Pvt Ltd, a joint venture. In addition, KRKA d.d., Novo Mesto, Slovenia (the co-venturer), will invest Rs 86.7 crore in KRKA Pharma, thereby maintaining the current shareholding ratio of 51:49 between KRKA d.d., Novo Mesto, and Laurus Labs.

Sudip Bandyopadhyay, Group Chairman, Inditrade Capital, says post correction, some of the larger banks, particularly SBI, is looking very good for somebody willing to build a long-term portfolio, Apart from that, one can look at some of the down-and-out banks which took a hit because of multiple reasons, particularly asset quality issues on the microfinance book. IndusInd Bank is one bank which I will definitely recommend from a little aggressive investors’ point of view. It is a good time to start buying into IndusInd Bank as well. Among pharma companies, one can go for domestic focused pharma companies like Mankind Pharma and pharma companies having significant manufacturing facilities in the US like Piramal Pharma. The other stock Bandyopadhyay likes is a defence PSU. There is a significant opportunity for Bharat Electronics (BEL) to perform and outperform. This correction should be taken as an opportunity to accumulate this stock. Some of the markers seem to be reversing. Crude is on our side and now RBI also is pumping in a whole lot of liquidity in the system. Do you think that is enough to turn around the markets? Sudip Bandyopadhyay: Well, it may not be enough in the long term, but the short-term market is very much excited.

Subscribe to enjoy similar stories. Trump, while addressing a joint session of the US Congress, labelled tariffs, or import duties, imposed by various nations on goods exported by the US as “very unfair". He also singled out “higher than 100%" tariffs that he said India currently imposes on automotive imports from the US.

Combination of trade and strategic dominance makes China an unlikely counterweight to a protectionist US. Trade and geopolitical risks have escalated since Trump assumed office, and the second-order outcome of reciprocal US tariffs is Chinese overproduction. US tariffs on Chinese goods will rise further and China's exports will be diverted to Europe and Asia.

Magellan Aerospace Corporation signed a memorandum of understanding (MoU) with Belagavi-headquartered contract manufacturing company Aequs to establish a sand-casting facility at the Belagavi Aerospace Cluster (BAC) in Karnataka on Thursday. The joint venture aims to meet the sand casting demands in the growing aerospace industry. This increased sand-casting capacity would support both commercial and defence sectors, Aequs said. This new venture aims to enhance sand casting capabilities in Southeast Asia. Magellan is a centre of excellence (CoE) for sand castings in North America, and it can cast complex geometries using the chemically bonded sand process.

Elon Musk's electric car maker Tesla, which has been actively exploring opportunities to enter the Indian market, is opening a showroom in Mumbai’s upscale business district Bandra Kurla Complex (BKC) to sell its imported cars. Tesla has plans to set up a manufacturing plant in Maharashtra. The most popular electric car brand in the world has long been seen as a heavyweight which will disrupt Indian's nascent electric vehicle (EV) market. But Indian automaker don't seem to be scared of Musk's India venture. JSW Group Chairman Sajjan Jindal has doubted Musk’s ability to crack the Indian market, asserting that local giants Tata Motors and Mahindra & Mahindra are now deeply entrenched. JSW Group has a JV with China's SAIC Motor, JSW MG Motor India Pvt. Ltd, which sells EVs such as MG Comet EV, MG ZS EV, MG Windsor EV, MG 4 EV, and MG M9 EV. It is planning to launch several new EV models in 2025, including the Cyberster, an electric sports car. India's EV sales are merely 2.5% of the total passenger vehicle sales. Can Indian EV makers take on the world's biggest EV brand while they are still in their infancy?

CRISIL. The forecast rests on two key assumptions: the continuation of normal monsoon patterns and soft commodity prices. CRISIL expects that these factors, coupled with cooling food inflation, tax benefits outlined in the Union Budget 2025-2026, and lower borrowing costs, will stimulate discretionary consumption. «India’s resilience is being tested again. Over the past few years, we have built a few safe harbours against exogenous shocks — healthy economic growth, low current account deficit and external public debt, and adequate forex reserves — which provide ample policy latitude. So, while the waters can turn choppy, consumption-led rural and urban demand will be crucial to short-term growth. On the other hand, continuing investments and efficiency gains will aid in the medium term. We foresee both manufacturing and services supporting growth through fiscal 2031,» said Amish Mehta, Managing Director and CEO of CRISIL.

Trump has doubled down on the on the tariff war that he's unleashed, pledging to impose similar levies on India and others from April 2. These reciprocal tariffs are in response to, according to him, high import taxes on American goods.

Ola Electric, India's largest electric vehicle company, has achieved a significant milestone by becoming the first two-wheeler automotive electric vehicle (EV) manufacturer in India to receive incentives under the Production Linked Incentive (PLI) Scheme for Automotive and Auto Component (PLI-Auto Scheme). The company has been granted a total incentive of Rs 73.74 crore for the Determined Sales Value of FY 2023-24 under the scheme, according to a stock exchange filing by the company. The PLI-Auto Scheme, launched by the Government of India, aims to boost domestic manufacturing in the automotive sector and promote the adoption of advanced, clean, and sustainable mobility solutions.