Manufacturing Financial News

Just when it is becoming easier to find a car, along comes another potential supply shock: a United Auto Workers strike. Labor Day this year comes at an unusually tense point in relations between U.S. vehicle assemblers and General Motors, Ford and Chrysler-owner Stellantis.

₹200 crore to develop the new range in order to cater to the evolving needs of farmers. “Swaraj brand's resonance in the hearts of Indian farmers is a source of immense pride. Through this new Tractor range, we're offering latest features and technology to elevate mechanization in Indian agriculture and empower farmers to achieve higher yields and reduce effort, fostering growth and prosperity," a press note quoted Hemant Sikka – the President of the Farm Equipment Sector at M&M – as saying.

By Paul Carsten

solar panels and rechargeable batteries. The Buffett name and the promise of 300 jobs helped the companies overcome resistance in a state where coal provides more than 90% of the electricity. West Virginia has in the past year approved some $400 million in funds for three renewable-energy projects, including Berkshire’s.

Investing.com — Oil prices edged lower Monday, handing back some of the previous week’s strong gains but remaining near three-week highs on expectations that major producers will keep supplies tight.

French tier 1 supplier Valeo says the automotive industry is facing its biggest revolution as cars become more electric and more intelligent. To accommodate these new trends, cars include more software and car manufacturers are moving from a hardware-based architecture to a software-based architecture, the Software Defined Vehicle. 

made-in-India' iPhone 15. As per information reported by the Economic Times, Apple is striving to achieve a new milestone in India by introducing its latest model.

Australia’s critical minerals alliance with the United States will be bolstered after American giant Albemarle won over the Liontown Resources board with a $6.6 billion offer, and Mineral Resources snatched the Bald Hill mine from the clutches of a Chinese-linked bidder.

Global Market Intelligence, said in the survey. "Companies' strategic focus towards a global orientation were evident via a sharp and quicker expansion in international sales.

Tesla ending a 10-year absence to jostle for the spotlight with Chinese rivals as the race for electric dominance heats up. Chancellor Olaf Scholz will officially inaugurate the IAA mobility show, held in Germany every two years, on Tuesday.

In 2009-10, India’s civil aviation sector, including both scheduled and non-scheduled airlines, recorded just under 44 billion revenue passenger kilometre (RPK) - the total distance flown multiplied by the total number of fare-paying passengers. In 2022-23, Indigo airlines alone recorded more than double that figure, a staggering 93.9 billion RPK. That is a telling statistic that underlines the radical transformation of India’s civil aviation industry.

Kotak Securities on Monday said that crude oil prices witnessed over 7% upside last week, biggest since March, as Russia signaled that it would extend export curbs and bets that Saudi Arabia will extend in October its voluntary monthly production cut of one million barrels per day introduced in July. Ravindra Rao, head of commodity research at Kotak Securities said, “WTI Crude oil futures surged more than 7% during the previous week and closed at $85.55 per barrel, as signs of tightening physical markets and continued efforts by Chinese authorities lifted the sentiments." The price of India oil crude basket rose 7.54% in August, reaching $86.43 a barrel. Analysts believe that despite recessionary concerns, output cuts, stimulus measures in China, and hopes of improved winter demand may keep the prices elevated.

RBI) projection of 8%. Several economists were also expecting higher growth. Meanwhile, a few economists pointed out that statistical peculiarities may have inflated NSO’s growth estimates.

Traditional car manufacturers including Volkswagen, Honda, Renault and Volvo are forecast to lose more than 20 per cent of their market share by 2030 because Chinese EV specialists such as BYD are making vehicles that are already 25 per cent cheaper.

Vinati Saraf Mutreja, MD and CEO, Vinati Organics, was honoured as the recipient of the Business Leader of the Year award category. In the final segment of the awards night, during the Grand Felicitation Ceremony for the fourth edition of the prestigious ETPrime Women Leadership Awards (ETPWLA) 2023 programme, the esteemed ETPWLA guest and CEO of Pantaloons, Sangeeta Pendurkar presented the award for the Business Leader of the Year award category to Vinod Banwarilal Saraf, the Executive Chairman of Vinati Organics. He received the award on behalf of his daughter Vinati Saraf Mutreja, MD and CEO, Vinati Organics as she couldn’t be present for the ceremony. Esteemed personalities, ETPWLA jury members, veteran leaders from India Inc and dignitaries from across the realms of services, governance and social advocacy and beyond convened to honour and celebrate the achievements of 19 winners across 15 award categories at the Grand Felicitation ceremony, resonating with the theme of women power.

artificial intelligence tools like ChatGPT may revolutionise the way both the public and private sector use data to ferret out risks and opportunities in the $32 trillion global trading system. During the pandemic, government agencies and industries like financial services and telecommunications accelerated their adoption of machine-learning tools. But many involved in trade were caught in analog, paper-laden transactions playing catch-up. Now, after three years of historic trade disruptions, generative AI and language-learning models have emerged just when governments and companies need them to better manage the world’s convoluted supply lines. “On the longer time horizon, we’ll see highly accurate predictive analytics and forecasting driven by integrated data from each step in the supply chain,” said Julie Gerdeman, chief executive officer of supply-chain risk assessment firm Everstream Analytics.

rupee ended 7 paise higher at 82.72 a dollar. Among other currencies, the Japanese yen strengthened 0.03% to 146.18 per dollar. The euro rose 0.05% to $1.0778, while sterling was last at $1.2596, up 0.06% on the day.

Ratnaveer IPO: The initial public offering (IPO) of Ratnaveer Precision Engineering Limited has opened today and it will remain open for bidding till 6th September 2023. The engineering company has fixed Ratnaveer IPO price at ₹93 to ₹98 per equity share and it aims to raise ₹165.03 crore from this public issue. The book build issue is proposed for listing on BSE and NSE.

Sensex and Nifty, ended with healthy gains on Friday, boosted by all-around buying in light of broadly positive global cues ahead. “Domestic markets made significant gains, buoyed by favourable global cues, a higher-than-expected domestic manufacturing PMI, and positive GDP growth data. This robust economic outlook propelled key manufacturing sectors to lead the rally, while strong sales figures generated increased interest in auto stocks," said Vinod Nair, Head of Research at Geojit Financial Services.

The UK government is investing £100 million in an effort to strengthen its foothold in the global AI chip market. This initiative is geared towards creating a robust AI infrastructure in the UK, akin to developments in the US and other nations. The allocated funds will be channeled towards purchasing essential components from top chip manufacturers, including Nvidia, AMD, and Intel.

About a third of first-time car buyers in the Indian market now drive home an SUV compared to less than a tenth a decade ago, when hatchbacks ruled the country's roads, according to industry data. The share of additional and replacement buying in the category during this period has fallen to 69% from a whopping 92% in 2014. «There is not only an increased preference for the body type, with the introduction of more compact models there is a price overlap between entry SUVs.