Manufacturing Financial News

07.09 / 09:29

Provident Manufacturing CEO Mobile electronic Gurgaon-based VVDN raises ₹259 crore from Motilal Oswal Alternative Investment Advisors

₹350 crore was concluded by India Business Excellence Fund IV. Prior to this, India Business Excellence Fund III had invested ₹250 crore in Jan 2020. “This investment reaffirms MOAIAPL’s faith in VVDN and its business model.

07.09 / 09:15

Manufacturing Apple Software Enterprise Huawei Celebrity Apple iPhone China may broaden Apple iPhone ban to state firms, agencies

China plans to expand a ban on the use of iPhones in sensitive departments to government-backed agencies and state companies, a sign of growing challenges for Apple Inc. in its biggest foreign market and global production base. Several agencies have begun instructing staff not to bring their iPhones to work, people familiar with the matter said, affirming a previous report from the Wall Street Journal.

07.09 / 07:51

Manufacturing ISRO congratulates Japan's JAXA on successful launch of H-IIA rocket carrying lander SLIM to Moon

NASA, and it will involve studying light at various wavelengths, temperature assessments, and analysing the shapes and brightness of celestial objects, AP reported. Mitsubishi Heavy Industries was responsible for manufacturing and launching the rocket H-IIA.

07.09 / 07:09

Provident Booking Manufacturing band track electronic Bharat Electronics, ITD Cementation India among fundamental picks by HDFC Securities; do you own any?

Nifty are up nearly 2 per cent in September so far. While the sentiment seems to have slightly improved, the market has to deal with many headwinds in the short term. The risk of inflation is not gone, interest rates are high and central banks have been saying they can still raise rates.

07.09 / 07:09

Provident Digital Manufacturing Adventure Aprilia RS440 set to launch today. Here's everything we know so far

₹4-4.5 lakh in India, it will compete with rivals like KTM RC 390 and Kawasaki Ninja 400. The bike boasts a sharp design, split-LED headlights, TFT instrument panel, and advanced features like ride-by-wire and traction control. This highly anticipated model will be manufactured in India and cater to both domestic and international markets.

07.09 / 07:09

COST UPS Manufacturing Apple Samsung country Indian Why more Indian manufacturers should emulate TVS Motor’s global ambitions

₹90,000 crore last year. Manufacturing behemoths like Samsung and Apple have not only transferred significant production lines to India but are also producing multiple models in the country, destined for global markets. But, while global manufacturers have shown a willingness to make in India, Indian manufacturers have not been as quick to explore global markets.

07.09 / 05:05

COST UPS Provident Target Manufacturing Racing Explainer Mint Explainer: Can Mukesh Ambani disrupt India's wind energy sector?

Reliance Industries' foray into the wind energy space could disrupt the sector in the same way his group did with refineries, petrochemicals, telecom, and retail. To his credit, Ambani has created the world's largest grassroots petroleum refinery at Jamnagar, Gujarat, doubling its capacity from 33 MTPA in 2010 to over 72 MTPA now. Ambani launched the retail business in 2010 and today Reliance Retail Ltdis the largest retailer in India.

07.09 / 04:55

UPS Target Manufacturing International Buy Syngene International, target price Rs 880: IIFL

Syngene International with a target price of Rs 880. The current market price of Syngene International is Rs 848.05.

07.09 / 04:55

UPS Digital Aware Manufacturing CAD ‘Current rally is comparatively more sustainable’

Indian equity market has witnessed several upswings in recent years, but the current rally is particularly noteworthy for its strength and breadth. Though inflation concerns and risk aversion due to Fitch’s downgrade of US credit rating may have led to some sobering of sentiments in the India Equity, the long-term growth prospects look intact. If we look at the broader macro backdrop in the past cycle, there are notable differences between the current rally vs the pre-covid times — that is, 2013-2018 (especially in mid/small category). The current rally is positively different from the previous rally in the 2013-18 period in several ways.

07.09 / 04:35

IPO Booking Manufacturing Platform Software Enterprise Premium CPS Shapers makes a stellar debut: SME shares lists with a hefty 147% premium at ₹450 per share on NSE Emerge

IPO listing: The shares of CPS Shapers Ltd made a strong debut in the Indian stock market exchanges on Thursday. CPS Shapers shares were listed at ₹450 apiece, a hefty premium of 147.56% to the issue price of ₹185 per share. CPS Shapers IPO listing date was fixed today, September 7, and the company’s shares were listed on NSE Emerge, a platform for Small and Medium Enterprises (SME) companies.

07.09 / 04:17

Booking Manufacturing Action Bonus stock: Multibagger stock JTL Industries in focus as share trades ex-bonus today

JTL Industries shares will be on investors’ radar on Thursday as the stock will trade ex-bonus today. JTL Industries share price has jumped over 114% in the last one year period, doubling investors’ money. The board of directors of JTL Industries had earlier declared bonus shares in 1:1 ratio and the fixed record date for issuance of bonus shares on September 7.

07.09 / 04:17

UPS Target Progressive Manufacturing Enterprise NIFTY Nifty Metal up 5% in September so far; can metal stocks sustain these gains?

Nifty Metal index has gained approximately 5 per cent, while the benchmark Nifty has risen by about 2 per cent. With the exception of August, when the metal pack fell by 1.5 per cent, the index has witnessed significant gains since March this year, driven by hopes of a revival in demand both from China and domestically as economic growth picks up. Since September last year, the metal pack ended in the red only four times on a monthly basis.

07.09 / 02:57

UPS SUN Manufacturing CEO Pool Forrester Grok Sun Cable in revamp as Cannon-Brookes’ Grok takes charge

The Sun Cable solar export venture will this month apply for a licence in Singapore to import energy as it pushes ahead with the project after the completion of the sale on Thursday to billionaire businessman Mike Cannon-Brookes’ Grok Ventures.

07.09 / 01:07

UPS FIVE Manufacturing Mobile show country Chinese automaker SAIC looks at local co-drivers to navigate India market

SAIC Motor Corp is weighing multiple options to partner an Indian company for expanding its presence in the growing automobile market, said Chen Hong, chairman of China's largest automaker. The company didn't comment when asked about the prospect of an alliance with JSW Group. ET reported in its June 14 edition that a private company owned by Sajjan Jindal, chairman of JSW Group, aims to buy a stake of as much as 48% in MG Motor India. Talks between SAIC, the parent of MG Motor India Pvt Ltd, and one of the potential Indian investors are likely to conclude in a few months, said another senior executive.

07.09 / 01:07

UPS Manufacturing Foxconn planning to make EVs in India; Tamil Nadu on radar

Foxconn is exploring opportunities to manufacture electric vehicles (EVs) in India and Tamil Nadu is one of the states it is considering to set up a plant, the Taiwanese contract manufacturer’s local representative said.Company chairman Young Liu has spoken about regionalised production for cars, V Lee told ET, referring to the company’s decision to set up an EV factory in Ohio in the US and build another one in Thailand.

06.09 / 20:09

UPS Manufacturing RAI businesses open G20 Summit: Retailers, traders seek 2-hour window to open businesses in Delhi

New Delhi district has been declared a «controlled zone» during September 8-10 due to security reasons and to avoid traffic congestions. All commercial establishments will also remain closed. The Retailers Association of India (RAI) has written to the Delhi government requesting permission to keep the outlets open for a brief time.

06.09 / 19:45

Waves Extreme Manufacturing performer cover Your Expired At-Home Covid-19 Tests May Still Work

Don’t throw out that seemingly outdated at-home rapid Covid-19 test just yet. It may still be good. The Food and Drug Administration has been extending expiration dates for some authorized at-home, over-the-counter Covid test kits, meaning some unused tests may still be viable.

06.09 / 19:05

COST Target Reuters Manufacturing Strategy track Latin reform Analysis-Tax slump in outperforming Brazilian economy scrambles reform plans

By Marcela Ayres and Bernardo Caram

06.09 / 18:53

UPS Ball Manufacturing Discover cover Tennis balls may take 400 years to decompose; Environmentalists, game's governing body clueless

tennis ball and about 330 million tennis balls are made worldwide every year. About 100,000 tennis balls are used every year in Grand Slam tournaments. It has perplexed tennis lovers as well as environment experts. What should be done? Should one stop playing tennis because the balls cannot be decomposed?

06.09 / 18:37

COST Booking Manufacturing show Inflation eases on slowing goods price growth; consumers shift to borrowing: Fed

By Yasin Ebrahim

06.09 / 18:25

UPS Target Manufacturing CEO Gap boost 'Need incentive scheme for wind energy components to boost capacity'

renewable energy components, industry stakeholders have suggested that a production linked incentive scheme for components and sub-components makers in the wind energy would boost the sector. Speaking at a press briefing here, Amit Kansal, CEO and MD of Senvion India, said that if PLI scheme is implemented for components and sub components manufacturers, it will ensure scaling up of the manufacturing capacities installed. “The government of India’s scheme will also help in job creation and will give a boost to initiatives like 'Atmanirbhar Bharat' and 'Make In India'," Kansal added.

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