Manufacturing Financial News

₹4,000 crore, Parth Jindal, managing director of JSW Cement Ltd, said in an interview. “In 2024, we are planning to take this company public, for which we will be filing the DRHP (draft red herring prospectus) in the next six months. We will be timing the market listing after the national elections," Jindal added.

Mint brings you the details. One way of calculating GDP is to add up private consumption expenditure, investment, government expenditure and net exports (exports minus imports). Using this, GDP in Q1 was ₹40.4 trillion or 7.8% higher than a year ago.

In such a scenario, how are serious economists to interpret the National Statistical Office's (NSO) April-June 2023 GDP estimates that were released yesterday? Well, with caution. On the face if it, Q1 growth of 7.8% looks strong, especially when compared to the rest of the world.

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By Timothy Gardner

Siddhartha Lal, managing director, Eicher Motors. Speaking a day before the launch of the iconic Royal Enfield Bullet on Friday, Lal said India already accounts for half the mid-weight motorcycles (250-750 cc) globally. “We saw (early on) that markets like India will become more premium with affordability going up,” he said.

India’s economy has clocked up impressive growth of 7.8% in the first quarter of the current financial year, mainly due to good performance by the agricultural and financial sectors

“Rural demand is on a recovery mode and government’s sustained capital expenditure push is crowding in private investments,” said chief economic advisor, V Anantha Nageswaran, on Friday post the data release. While experts point out that growth is likely to slowdown in the coming quarters as the base effect wanes, they indicated that a consumption boost closer to the end of third quarter may provide some succour to full year growth. “We are going to now be entering to run-up to elections, which leads to a sharp increase in consumption expenditure.

₹84 per equity share and the share will be listed on the NSE SME exchange Wednesday, September 13. Saroja Pharma IPO, which is worth ₹9.11 crore, is completely a fresh issue; there is no offer for sale (OFS) component. The company plans to use the net proceeds from the offering to fund the following goals, such as setting up of manufacturing unit, to repay debt, to meet public issue expenses.

By Ahmad Ghaddar

Indian Medicines Pharmaceutical Corporation Ltd (IMPCL). The Government of India holds a 98.11 per cent stake in IMPCL, under the administrative control of the Ministry of Ayush.

Investing.com — Oil prices rose Thursday, boosted by a large drop in U.S. crude inventories and further signs of supply tightness, outweighing a slowdown in China's manufacturing activity.

U.S. applications for unemployment benefits fell slightly last week as businesses continue to retain employees in an economy that has largely withstood rapidly rising interest rates for more than a year

₹6.06 lakh crore as of end-July, according to the CGA data. In the same period of financial year 2022-23, the deficit stood at 20.5% of the budget estimates (BE). In the Budget 2023-24, the Union government had projected to bring down the fiscal deficit at 5.9% of the gross domestic product (GDP) in the current financial year.

₹5,010 crore from the 40 applicants, including global IT hardware companies such as Dell and HP that are participating directly under the revised production-linked incentive scheme. Other major players such as HPE, Lenovo, Acer, ASUS, Thomson were participating through electronics manufacturing services providers or contract manufacturers including Flextronics and Rising Stars, a unit of Foxconn Technology Group in India. Officials added that Indian companies such as Padget, a subsidiary of Dixon Technologies, VVDN, Netweb, Syrma, Optiemus Technologies, Sahasra, Neolync, Panache, Sojo, a unit of Lava mobiles, and Kaynes have also participated in the scheme which will get impetus from the strong IT services industry which was driving the demand within the country.

Chennai, 25 August 2023: Mr K.V. Karthik, Managing Director, Deccan Industries, one of India’s leading pump manufacturing companies, headquartered in Coimbatore, has been elected as the president of Indian Pump Manufacturers Association (IPMA), the country’s premier body representing the US$ 2 billion pump manufacturing sector, for 2023-24. Mr.

Investing.com -- Investors await a fresh slew of U.S. economic data on Thursday after figures earlier in the week bolstered predictions that the Federal Reserve may soon end an aggressive interest rate hiking campaign. Dow futures point into the green, aided by improved guidance from Salesforce (NYSE:CRM), which boosted shares in the software group in premarket trading. Elsewhere, activity in China's key manufacturing sector contracts, spurring on calls for Beijing to take stronger action to support the stuttering economy.

NEW DELHI : India's steel-to-energy JSW Group is in early talks with Chinese automaker Leapmotor to license technology to build electric vehicles in India, according to people familiar with the discussions. Under the technology licensing agreement, JSW would use Leapmotor's platform - the structural underpinnings of a car on which it is built - to manufacture EVs in India under its own brand name, the sources said, in the company's second attempt to enter the growing business. JSW is likely to use a single platform on which it can build at least three mid-sized sport-utility vehicles (SUVs), one of the sources said, adding that Leapmotor will also engineer the cars for the Indian company.

Eurozone inflation remains stubbornly high even as other signs point to a slowing economy, presenting the European Central Bank with the tricky task of cooling already anemic demand without pushing the region into a prolonged recession. The surge in energy and food prices that followed Russia’s invasion of Ukraine has left the eurozone with higher inflation and weaker growth than in the U.S. When ECB policy makers raised the bank’s key rate last month, they signaled that they might pause at their next meeting, which is scheduled for Sept.

Batteries in older Nissan Leaf electric vehicles are getting a new life as portable power sources that can be used to run gadgets on the go or deliver emergency power in disasters

Digital Commerce (ONDC) is set to disrupt digital commerce in the B2B space, especially in the retail, financial services, manufacturing and agricultural sectors, as per a report by Deloitte. ONDC, a government initiative, aims to create an interoperable marketplace for small and medium-scale sellers and democratising the ecommerce market. The buyer and seller can be on different platforms and still trade as long as their platforms are on the ONDC network. Commenting on the report, Sathish Gopalaiah, president, consulting, Deloitte South Asia, said that India's upcoming growth phase will be marked by empowered consumers and small and medium-sized enterprises (SME), which aligns with ONDO's goals. “With a unique proposition built around agility, security and profitability at the same time, ONDC streamlines value chains, bridges gaps and endorses innovation, paving the way for the next generation to explore novel paths,” he said. Currently, ecommerce contributes to 4.3% of the retail commerce sector and ONDC is expected to boost the sector, especially in manufacturing, agriculture and financial services. ONDC paves the way for brands to connect with retailers and help distributors find new markets.