Manufacturing Financial News

IMF report to flag «tepid» private investment growth in India, the Congress on Thursday said the way out of the current "economic slump" needs measures to boost consumption, enhancing policy predictability, and rationalising trade policy. Congress general secretary in-charge communications Jairam Ramesh said the International Monetary Fund (IMF) has devoted an entire section to «Reigniting Private Investment in India» in its just-released annual India Article IV Consultation Report. «Somewhat unusually, it is a strong--if implicit- critique of the Modi government's policies and actions,» he said in a statement. «The report underscores the tepid private investment growth in India, noting that 'private corporate investment has been sluggish especially compared with historical averages.'

Ontario will impose a 25 per cent tariff on power it sends to 1.5 million homes in Minnesota, Michigan and New York in response to fresh United States levies, Premier Doug Ford announced Tuesday.

Tata Electronics will set up a display chip manufacturing unit in Gujarat in partnership with Taiwan-based PSMC and Himax Technologies, a top official of the company said on Wednesday.

skills development and entrepreneurship will soon come up with a detailed action plan for setting up the national centres of excellence (CoEs) for skilling, defining roles and responsibilities of government, industry, and global institutions and establishing collaboration mechanisms between stakeholders, skills secretary Atul Kumar Tiwari said. Speaking at a post-budget webinar jointly organised with the Department for Promotion of Industry & Internal Trade (DPIIT) on Wednesday, Tiwari said the action plan will also look at seamless integration between industry and the government in curriculum design and training delivery. “A structured framework for training instructors incorporating continuous learning programs, certification mechanisms, and incentives to attract and retain skilled trainers will also be put in place,” he said .

female workforce participation by 2047 as it is pivotal for building a Viksit Bharat and will help unlock immense economic potential and foster growth, labour and employment secretary Sumita Dawra said. Speaking at the Women in Services Sector — the Confederation of Indian Industry (CII) Dialogue 2025 on Wednesday, Dawra said over the past six years, the labour force participation rate for women has risen from 23% in 2017-18 to approximately 42% in 2023-24. “This uptick is evident across various sectors, including agriculture, manufacturing and services, with a notable increase in educated women joining the workforce,” she said.

Malaysia on Wednesday to bolster the Southeast Asian country's efforts to produce high-end semiconductors amid the US-China tech trade war. Malaysia is a key player in the vital chips sector but has been largely focused on packaging, assembly and testing services — the lower end of the market. The agreement will see Softbank-owned Arm provide chip designs and other technology, helping Malaysia to move into more value-added production such as wafer fabrication and integrated circuit design.

Infrastructure major Larsen & Toubro (L&T) on Wednesday said one of its verticals has bagged 'significant' projects from a reputed developer to construct residential towers. The building and factories vertical of Larsen & Toubro will construct residential towers in Mumbai, Bangalore and Chennai, L&T said in a regulatory filing. All the projects are to be executed within stringent timelines, the filing said. According to Larsen & Toubro's classification, a 'significant order' refers to a project valued between Rs 1,000 crore and Rs 2,500 crore.

Subscribe to enjoy similar stories. Target boss Brian Cornell and his team were walking through a New York City conference center Monday night when the news broke: President Trump was following through on his tariff threats. The retailer’s executives huddled sitting on sofas in a greenroom next to the stage where they would meet with their biggest investors on Tuesday.

Tata Electronics will set up a display manufacturing unit in Gujarat in partnership with Taiwan-based PSMC and Himax Technologies, a top official of the company said on Wednesday. Speaking at IESA Vision Summit, Tata Electronics CEO Randhir Thakur announced signing of a tripartite agreement with the Gujarat government for the plant. «Today, I am delighted to announce signing of an MoU between Tata Electronics, PSMC and Himax to revolutionise India's display product and technology ecosystem. With PSMC's proven technology, Tata Electronics will manufacture display chips for Himax in Dholera, Gujarat,» Thakur said. With foray in display manufacturing, Tata Electronics will have presence in all three top semiconductor manufacturing segments.

Here are this year’s winners who exemplify extraordinary leadership, innovation, and contribution: Reformer of the Year: Ashwini Vaishnaw, Minister of Railways, Electronics & Information Technology and Information & Broadcasting Ashwini Vaishnaw, a Wharton Business School alumnus and former IAS officer, has driven India's transformation into a manufacturing hub. Under his leadership, Indian Railways is undergoing a historic modernization push with significant capital expenditure. From encouraging local production of mobile phones and IT hardware to upgrading rolling stock for railways, his vision creates a conducive environment for public and private investment. Business Leader of the Year: Kumar Mangalam Birla, Chairman, Aditya Birla Group Under Kumar Mangalam Birla's visionary leadership, the Aditya Birla Group has reached remarkable milestones, surpassing $100 billion in market capitalisation. The group expanded its footprint across cement, paints, and branded jewellery while strengthening its core sectors. Known for his focus on scale and innovation, Birla’s legacy as a transformative business leader continues to thrive.

Subscribe to enjoy similar stories. NEW DELHI : As India ramps up efforts to expand its nuclear power capacity, Belgium-headquartered engineering firm John Cockerill is positioning itself to supply key services and equipment for upcoming projects, chief executive Francois Michel said in an interview. The company, which has deep roots in the nuclear sector, is also looking to establish cooling towers for these plants through its subsidiary, John Cockerill Hamon.

China said on Wednesday it would boost support for the application of artificial intelligence (AI) models and the development of venture capital investment, in a bid to foster more technology breakthroughs and become more self-reliant. The plans were included in a government document prepared for the annual meeting of the National People's Congress (NPC), China's rubber-stamp parliament. The country wants to foster «industries of the future» including biomanufacturing, quantum technology, embodied AI and 6G technology, the report said. To do so, China plans to explore new models for national laboratories as well as give strong support and «important responsibilities» to young scientists and engineers.

Subscribe to enjoy similar stories. Nifty 50 extended its losing streak for the 10th consecutive session on Tuesday despite a strong recovery from its early losses. Tracking global market cues, the index had a gap-down opening at 21,974 but quickly rebounded from the day's low, reclaiming 22,000 within the first hour of trading.

Two thirds of businesses say they can withstand a tariff war with the United States that lasts more than a year, according to a new survey released on Tuesday by KPMG in Canada.

Tata Group and its Chairman Emeritus, Late Ratan Naval Tata, the Assam Cabinet meeting has approved the naming of the entire area covered by the Assam Semiconductor & Electronics Logistics Park (ASELP), Jagiroad Tata OSAT Center, and the proposed township with social infrastructure as Ratan Tata Electronics City (RTEC), Jagiroad. The state government stated, “In recognition of the unparalleled contribution of the Tata Group and its Chairman Emeritus, Late Ratan Naval Tata (the first Assam Vaibhav awardee), the Cabinet has approved the naming of the entire area covered by the Assam Semiconductor & Electronics Logistics Park (ASELP), Jagiroad Tata OSAT Center, and the proposed township with social infrastructure as Ratan Tata Electronics City (RTEC), Jagiroad.” The Cabinet has passed a resolution expressing gratitude to Prime Minister Narendra Modi for his guidance and support to Assam in successfully organizing the Advantage Assam 2.0 Summit.

electric vehicles globally by 2030, José Muñoz, President & CEO of the Hyundai Motor Company (HMC) said. Munoz, who was in India to review operations at the Indian subsidiary Hyundai Motor India Limited (HMIL), said, the company is committed to make EVs more accessible and suited to needs of Indian consumers. “With HMC’s target to sell 2 million EVs by 2030 globally, India will play an important role in achieving this milestone”, Munoz said, adding, “HMC will continue to support HMIL to expand its EV offering and invest in the necessary infrastructure to support this shift.” Hyundai Motor India — which launched the Creta EV earlier in January this year targeting customers in the mainstream market — plans to launch three more EVs in the coming years. Prior to the launch of the Creta EV, the company had a sole electric vehicle Ionia 5 on sale (at the upper end of the local passenger vehicle market).

Finance Minister Nirmala Sitharaman on Tuesday said the government remains steadfast in reducing regulatory burdens, besides enhancing trust-based governance and taking steps to make India a «seamless, export-friendly» economy. A robust manufacturing sector free from unnecessary regulatory bottlenecks will further attract both domestic and foreign investments, driving economic growth, positioning India as a trusted global player, Sitharaman said while addressing a post-budget webinar on 'MSMEs as engine of growth, manufacturing, exports, regulatory, investment and EoDB Reforms'. «Our government remains steadfast in reducing regulatory burdens and enhancing trust-based governance to improve the ease of doing business. Through the budget announcements, we are taking various steps towards making India a seamless, export-friendly economy, one where businesses are free to focus on innovation and expansion, and not paperwork and penalties,» Sitharaman said.

Reliance Industries electric vehicle battery-making unit has asked the federal government for more time to set up its manufacturing plant as part of a production-linked incentive scheme, the Mukesh Ambani-led conglomerate said on Tuesday. The conglomerate did not specify the length of the extension sought or the reason for the delay. In March 2022, Reliance secured incentives under the government's production-linked incentive (PLI) scheme to establish 5 gigawatts (GW) of local manufacturing capacity for advanced chemistry cells (ACCs).

Subscribe to enjoy similar stories. BSE Ltd stock is down about 20% since closing at ₹5,609 on 24 February, owing to a new consultation paper from markets regulator Sebi later that day. The fear is clear: trading volumes may drop further if Sebi’s recommendations are implemented.

exports are facing mounting pressure from aggressive trade policies by partners such as the United States and the European Union, a senior trade ministry official said on Tuesday. Citing the U.S. decision to raise import tariffs and initiatives like the CHIPS Act, Santosh Sarangi, head of the Directorate General of Foreign Trade (DGFT), said it was «high time India also looked at our trade and industrial policies comprehensively». U.S. President Donald Trump's proposal to impose reciprocal tariffs from early April on trading partners including India is worrying Indian exporters in sectors ranging from autos to agriculture, with Citi Research analysts estimating potential losses at about $7 billion a year.

Subscribe to enjoy similar stories. With tariffs poised to take effect on Tuesday on products from Canada and Mexico, plus threats of levies on imports from the European Union, one thing is clear: President Donald Trump likes the number 25. All of those tariffs are set at 25%, assuming no last-minute deal to lower them.