Manufacturing Financial News

Reliance Retail will take its Campa brand global, starting with Asia and Africa, Isha Ambani said at the Reliance Industries annual general meeting (AGM) on Monday. Campa, which competes with global cola makers Coca-Cola and PepsiCo in India, will be the first homegrown cola to be taken overseas. “We are scaling it (Campa) up further in India, and have also started work to take it global, starting with Asia and Africa,” Ambani, director at Reliance Retail Ventures, said in her address at the AGM. In April, Reliance Consumer Products Ltd (RCPL), the fast-moving consumer goods (FMCG) arm of Reliance Retail Ventures, had inked a strategic partnership with beverage can and filling company Ceylon Beverages, promoted by former cricketer Muttiah Muralitharan, to co-pack and manufacture Campa soft drinks, and this partnership is expected to be leveraged for Campa’s foray in markets outside India as well, executives aware of the plans said. Ceylon Beverages has partnerships with international, national and regional companies, including those making mineral water, energy drinks, soft drinks and juices. Reliance Retail had acquired Campa mid last year from Pure Drinks group for an estimated Rs 22 crore.

ethos pervades everything that we conceive, believe, and achieve at Reliance. Esteemed Friends, In all humility, I would like to say that the new Reliance has been a forerunner of the emerging new India. With soaring ambition, we have set seemingly impossible goals and achieved them.

World Trade Organisation (WTO) website for 60 days, inviting comments from WTO member countries," DPIIT said in a statement. "In order to safeguard the domestic small/micro industries, ensure smooth implementation of the QCO and Ease of Doing Business, relaxations have been granted to small/micro industries in terms of timelines in the Cast Iron Products (Quality Control) Order," it added.

Reliance Industries Ltd (RIL), stated in the 46th Annual General Meeting (AGM) 2023 that the establishment of a giga factory for batteries by 2026 is a concurrent priority for them. In order to create a fully integrated ecosystem, the giga battery will produce battery chemicals, cells, and packs, all the way up to containerised energy storage systems.

By Munsif Vengattil and Dhanya Skariachan

Employment growth in the world’s largest economy probably cooled and wage increases moderated in August, suggesting a further tempering of inflation risks that reduces the urgency for another Federal Reserve interest-rate hike.

₹1.5 lakh. According to several media reports, the upcoming 2023 Royal Enfield Bullet is set to showcase updated aesthetics and is expected to feature additions like new switchgear, an advanced instrument console, a USB port, and other enhancements. Additionally, notable changes will encompass a fresh headlamp, tail lamp, and turn indicators.

Penny stock under ₹5: Despite weak sentiments on Dalal Street, Vikas Lifecare shares have been in uptrend since early morning deals on Monday. The small-cap stock with a market cap of ₹546 crore today opened upside and went on to hit intraday high of ₹3.80 apiece levels on NSE, logging near 12 per cent during Monday deals.

The deadline for applications is August 30. «We have received 58 applications for IT hardware PLI so far, from both global and local companies,» said Alkesh Kumar Sharma, secretary, ministry of electronics and information technology. He said that all major companies have applied for the scheme.

PLI 2.0 scheme that was tweaked for semiconductor making in June this year. His remarks came while addressing the ICEA report launch here. Speaking at the event today, the MeiTY Secretary said, “I am happy with the response to the scheme.

Terry Gou, who founded Apple supplier Foxconn, has announced that he will run as an independent candidate in Taiwan's presidential election, scheduled to take place in September this year. Gou pledged to fix ties with China and added, "I will definitely not allow Taiwan to become the next Ukraine". Gou criticised the ruling Democratic Progressive Party, saying its policies have “brought Taiwan into the risk of war" with China.

draw India closer. In June Narendra Modi, India’s prime minister, undertook a state visit to Washington, where he was feted by the White House, Congress and business leaders alike. Europe, too, has been trying to get cosier.

By Florence Tan and Sudarshan Varadhan

Quelle surprise. ASX-listed can and bottle maker Orora is seeking to acquire high-end glass bottle manufacturer Saverglass, which was founded in 1897 in the historic Bresle Valley in France, where glass has been produced since the 15th century.

Sanjiv Puri, CMD, ITC, talks to ET Now from the sidelines of B20 Summit. Puri says, “if you treat everybody with respect and with fairness and look after the well-being of everything including the planet, a more sustainable and inclusive world would evolve.”On future of the worldAbsolutely.

US Federal Reserve Chair Jerome Powell at Jackson Hole. The local currency opened at 82.55 a dollar as compared to Friday’s close of 82.65. The dollar eased from a 12-week peak as traders weighed the US monetary path after the Fed Chair Jerome Powell left open the possibility of further interest rate increases, while the yen hovered close to its lowest in over nine months, Reuters reported.

Investing.com-- Most Asian stocks rose sharply on Monday, with Chinese shares in the lead after the country rolled out more measures to support its battered equity markets, while focus turned to key indicators from the world's largest economies this week.

Rising trade barriers

Oil prices ticked higher on Monday, along with equity markets, after China took steps to support its flagging economy, though investors remained worried about the pace of growth as well as further U.S. interest rate hikes that could dampen fuel demand. Brent crude rose 22 cents, or 0.3%, to $84.70 a barrel by 0049 GMT while U.S.

Beijing on Sunday announced it would halve the stamp duty on stock trading in the latest attempt to boost the struggling market and revive investor confidence. The help was needed given profits at China's industrial firms fell 6.7% in July from a year earlier, extending this year's slump to a seventh month. Chinese blue chips shed 2% last week to hit its lows for the year so far, and all eyes will be on the official PMI for August out on Thursday. MSCI's broadest index of Asia-Pacific shares outside Japan firmed 0.2%, having eked out minor gains last week to break a three-week losing streak. Japan's Nikkei rose 0.9%, underpinned in part by the persistent weakness of the yen. S&P 500 futures edged up 0.1% and Nasdaq futures 0.2%, extending last week's modest rise. The market did manage to weather a slightly hawkish outlook from Federal Reserve Jerome Powell, who reiterated they might have to raise rates again but promised to move «carefully». «We take this to mean that the FOMC does not intend to hike at the September meeting,» wrote analysts at Goldman Sachs. «We continue to expect that the FOMC will ultimately decide that further policy tightening is unnecessary, making the hike at the July FOMC meeting the last of the cycle.» Futures imply around an 80% chance of a steady outcome at the Sept. 20 meeting, and a 54% probability of a hike by year end. DOWNSIDE RISK ON JOBS Much will depend on the flow of U.S.

By Wayne Cole