Manufacturing Financial News

05.09 / 19:23

Manufacturing Action DCGI Recall DCGI issues advisory against Digene Gel; raises safety concerns after Abbott's voluntary recall

Drugs Controller General of India has issued an advisory for patients and healthcare professionals to discontinue the use of popular antacid Digene gel due to safety concerns after drugmaker Abbott initiated a voluntary recall of the impugned product. According to the advisory by the drug regulator, doctors and healthcare professionals should carefully prescribe and inform their patients to «discontinue» its use. It has also asked them to report any adverse drug reaction (ADRs) arising due to its consumption.

05.09 / 18:53

COST UPS Provident Target Manufacturing country AIM Aim to make India a refuelling hub for green ships: RK Singh

India a refuelling hub for green ships backed by its target of producing the cheapest green hydrogen, ammonia and methanol in the world, power and renewable energy minister RK Singh said on Tuesday. «The shipping world will go green. Just give it 5-7 years or 10 years.

05.09 / 18:47

UPS Manufacturing Vehicle registrations up nearly 9% in Aug

Bajaj Auto, holding on to nearly 75% share of the e-two-wheeler market. On the other hand, passenger vehicle sales continued to be steady, with supplies normalizing and original equipment manufacturers, or OEMs dispatching higher volumes to dealers, giving rise to concerns over rising inventory levels.

05.09 / 18:11

UPS Provident Manufacturing CEO stage Power Solar Tata Power Renewable Energy to set up 12 MW on-site solar project for Tata Motors in Maharashtra

Tata Power Renewable Energy Ltd (TPREL) will set up a 12 megawatt (MW) on-site solar project at Tata Motors' commercial vehicle manufacturing facility in Maharashtra. In a statement, TPREL said it has already signed a power purchase agreement (PPA) with Tata Motors in this regard. «Tata Motors and Tata Power Renewable Energy Limited (TPREL) have entered into a PPA to develop a new 12MWp on-site solar project at Tata Motors' commercial vehicle manufacturing facility in Pune,» the statement said. The project will generate 17.5 million units of electricity per annum mitigating over 12,400 tonnes of Co2 per annum. «Signing of 12MWp PPA with Tata Motors underlines our critical step forward on the shared goals for a sustainable future.

05.09 / 17:45

UPS Manufacturing Align show electronic boost E-way bills hit record 93.4 mn in Aug, signalling festive boost

NEW DELHI : Electronic permits for goods shipped within and across states shot up to an all-time high of 93.4 million in August, pointing to brisk economic activity which could boost Goods and Service Tax (GST) revenue collections in September. The high frequency indicator aligns with manufacturing PMI data for August which suggested strong demand and output growth in August. The sharply higher e-way bill data points to businesses pushing supplies to the market as the festive season kicks in.

05.09 / 17:45

COST Reuters Manufacturing Remark performer services Services PMI slows down in August

NEW DELHI : India’s services sector growth slowed down in August after registering a 13-year high in July, a private survey said, still recording one of the best sales performances over the same period at a time of elevated inflationary pressures. The S&P Global India services Purchasing Managers’ Index (PMI) fell to 60.1 in August, from 62.3 in July. The figure stood at 58.5 in June and 61.2 in May.

05.09 / 17:01

COST UPS Manufacturing Fighting Huawei country Huawei's new chip breakthrough likely to trigger closer US scrutiny, say analysts

Huawei Technologies' breakthrough in making an advanced chip underscores China's determination and capacity for fighting back against US sanctions, but the efforts are likely very costly and could prompt Washington to tighten curbs, analysts said. Huawei unexpectedly unveiled the latest Mate 60 Pro smartphone last week during US Commerce Secretary Gina Raimondo's visit in China, as the government readies a new $40-billion investment fund to bolster its developing chip sector.

05.09 / 15:45

COST UPS Manufacturing Fighting Huawei country Huawei's new chip breakthrough likely to trigger closer US scrutiny -analysts

By David Kirton and Max A. Cherney

05.09 / 15:15

UPS Target Aware Manufacturing social electronic Experts stress on need to expose manipulations by e-cigarette marketeers

NEW DELHI : E-cigarettes have undergone consistent technological upgrades, resulting in devices that are more functional and visually appealing to children and young adults, experts said on Tuesday. They also stressed on the need to expose the manipulations by e-cigarette marketeers and empower children to resist these influences.

05.09 / 14:53

COST Manufacturing CEO Software Tesla BMW show In EV Transition, German Carmakers Lag Behind Tesla and China

MUNICH—For decades, German carmakers dominated their industry with brands that were bywords for excellence and consumer appeal. But as the sector transitions toward electric vehicles, they are falling behind. Nearly a decade into their electric-vehicle shift, and despite billions in investments, VW, BMW, Mercedes and others have failed to make a dent in Tesla’s share of the growing market.

05.09 / 14:53

Citi Extreme Manufacturing Parke beautiful cover social Technologies Help Cities and Neighborhoods Beat the Heat

Cities across the U.S. have found relief from this summer’s record-setting heat with the help of technologies that shield roofs, pavement and other surfaces from the sun’s scorching rays.

05.09 / 13:47

IPO Manufacturing Software band show performer CPS Shapers IPO allotment: Latest GMP, here's how to check allotment status

https://ipo.bigshareonline.com/ipo_status.html Login at direct Bigshare link — https://ipo.bigshareonline.com/ipo_status.html Select "CPS Shapers IPO" in company name section. Select 'Application No/CAF No or Beneficiary ID or PAN Number. Click at 'Search' Your CPS Shapers IPO allotment status will become available on your computer monitor on the display of your cell phone.

05.09 / 13:47

Manufacturing Mobile Pool Parke Simulation Celebrity Aptiv Announces Grand Opening of New State-of-the-Art Facility for Its Technical Center in Pune, India

Aptiv, a global technology company, today announced the grand opening of a new state-of-the-art facility for its Technical Center in Pune, India. With a focus on developing safer, greener and more connected mobility solutions, the Aptiv Technical Center will play a pivotal role in shaping the future of mobility in India and around the world."India is a thriving economy with great growth potential and a highly skilled talent pool, making it an attractive market for expansion and investment, said Mr. Mattias Carlsson, Vice President, Global Engineering, Connection Systems & Electrical Distribution Systems, Aptiv. The new Technical Center in Pune demonstrates Aptiv's commitment to expanding its footprint in India.

05.09 / 13:47

Lowe's Manufacturing Mobile NIFTY band exclusive services Financial Jio Financial Services is to be excluded from Nifty50, other indices from 7 September

Reliance group, will be dropped from Nifty50, other indices, on September 7, the stock exchange NSE said on Tuesday. NSE Indices Limited vide its press release dated July 17, 2023 had announced inclusion of Jio Financial Services Limited (JIOFIN or spun-off entity) on account of demerger of financial services business from Reliance Industries Limited (RELIANCE) in various indices effective from July 20, 2023 (close of July 19, 2023). After demerger, JIOFIN was listed on August 21, 2023 at the National Stock Exchange Ltd.

05.09 / 13:47

UPS IPO Manufacturing country Stanley Lifestyles files for IPO

₹200 crore through an initial public offering (IPO). The IPO comprises a fresh issue of shares worth ₹200 crore, and an offer-for sale of up to 9.13 million shares by existing shareholders, including the promoter group. The sofa maker said that founders Shubha Sunil and Sunil Suresh plan to sell up to 1.18 million shares in the OFS, while Oman India Joint Investment Fund II plans to offer up to 5.54 million shares.

05.09 / 12:49

Provident Manufacturing Mobile electronic recommendations Trai issues recommendations on matters related to FM radio broadcasting

The Telecom Regulatory Authority of India has released recommendations on issues related to FM radio broadcasting including removal of linkage to non-refundable one-time entry fee and extension of the existing FM license period of 15 years by three years. Further, representatives of Association of Radio Operators for India (AROI), had raised issues for consideration of the authority, such as permitting private FM Radio channels to broadcast independent news bulletins and availability of FM radio receivers in mobile handsets.

05.09 / 11:39

UPS Manufacturing Mobile Hyundai stage country Explainer Mint Explainer: Navigating India's electric vehicle surge

Mint explains the current developments in the EV industry in the country: Even though the Indian EV industry is in its early stages, the growth plan under the ‘Make in India’ initiative aims to make the country a manufacturing hub for various sectors including the EV industry. The government aims to achieve 100% local production of EVs under this initiative.

05.09 / 11:19

Digital Manufacturing Mobile Pool Parke Coherent electronic Centre US electronics manufacturer Coherent Corp establishes first global centre of excellence in Chennai

Coherent Corp, a Pennsylvania (US) based manufacturer of electronics, and instrumentation devices, on Tuesday said it has entered into a memorandum of understanding (MoU) with Guidance Tamil Nadu and IIT Madras Research Park (IITMRP) to start its first global centre of excellence (COE) in Taramani, Chennai. The centre will be located on the IITMRP campus and focus on research and development (R&D) of products and services used in lasers, optical networking components and systems, EV batteries, and compound semiconductor devices for the markets supported by mobile, intelligent, and electric applications.

05.09 / 09:25

Provident Cooper Manufacturing performer Department Income tax department issues clarification on mistaken notices for Section 80P deductions. Read here

After several income taxpayers received notices for wrongly claiming income tax deductions under Section 80 P, the Income Tax Department (ITD) clarified that they were sent to them by mistake. The ITD added that «an email communication regarding this will be sent to you shortly».

05.09 / 06:35

Progressive Manufacturing Platform Huawei social Huawei and SMIC unveil advanced 7nm Processor for Mate 60 Pro, signaling China's chipmaking progress

Huawei commenced sales of its Mate 60 Pro smartphone. While the specifications highlighted its capability for satellite calls, details regarding the chipset's power were conspicuously absent, adds the report. This processor marks a significant milestone as it is the inaugural utilization of SMIC's cutting-edge 7nm technology.

05.09 / 05:41

UPS Manufacturing Tesla Toyota show country tax breaks Tesla boss calls on Chalmers to give tax breaks for lithium processing

Tesla chairman Robyn Denholm has urged Treasurer Jim Chalmers to lure at least 30 battery-grade lithium processing facilities to Australia with tax breaks or risk the country losing out to North America and Europe.

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