Manufacturing Financial News

Subscribe to enjoy similar stories. Few countries have bet as heavily on free trade as Mexico and Canada. Now that President Trump says 25% tariffs will hit both countries Tuesday, their economies are facing a stress test that rivals the global financial crisis and the pandemic.

Subscribe to enjoy similar stories. The U.S. economy entered a new era at 12:01 a.m.

IPO) of NAPS Global India, which opened for public bidding on Tuesday, had an overall subscription of 6% as of 10:59 AM on the first day of public bidding. The company aims to raise Rs 12 crore through a fresh equity issuance of 13.2 lakh shares, with the issue available for investors to bid till March 6. The retail portion of the issue was subscribed by 11%, while the issue was subscribed by 1% in the non-institutional investors category on the first day of bidding. Meanwhile, the qualified institutional buyers had not made any bids yet.

Subscribe to enjoy similar stories. Coming soon after relatively weak gross domestic product data, the purchasing managers’ index (PMI) seems to validate a loss in factory-activity momentum. The HSBC India manufacturing PMI dropped to 56.3 in February from 57.7 in January.

Subscribe to enjoy similar stories. New Delhi: India’s goal of becoming a high-income, developed nation by 2047 is realistic but requires overcoming challenges, Auguste Tano Kouamé, the World Bank's Country Director for India, told Mint. While the target may seem ambitious, historical trends and planned structural reforms make it achievable, Kouamé said.

WASHINGTON — The risks for higher inflation are on the rise, St. Louis Federal Reserve President Alberto Musalem said Monday.

Dalmia Bharat, the country's second-oldest cement manufacturer that began its industrial journey in pre-independent India, is investing significantly to build fresh nationwide capacity to meet surging demand from industries as diverse as housing, public infrastructure, and commercial assets. Puneet Dalmia, MD and CEO, announced a capital expenditure of ₹3,520 crore to take Dalmia Bharat's capacity to 55.5 million tonnes a year, cementing its leadership credentials in the rapidly consolidating home market. «India is one of the fastest growing economies, and it is a large economy. So, it offers the benefit of scale,» Puneet Dalmia told ET. «Average per capita consumption is 280 kg, while the global average is 550 kg. In high growth phases, economies have seen cement consumption grow to 750-800 kg per capita. So, there is potential to go 3x from here.» Dalmia acknowledged that short-term headwinds existed in the form of a price war that was driving down margins of players but believes that doesn't change the long-term view. He attributed the price war to a phenomenon where players were prioritising market share over margins in the backdrop of consolidation in the sector.

Sudarshan Chemical Industries (SCIL) is expanding its international footprint as part of its growth strategy, with an aim to strengthen its position in the global pigment industry, managing director Rajesh Rathi told ET. «Europe and Americas are going to be our areas where we would like to grow more,» Rathi said. «If you look at legacy of Sudarshan, our largest market was India, but as now our largest market would be Europe,» Rathi added.

Returning to America, these ships carried prized Indian products: indigo dye and delicate silk. These imports reshaped American manufacturing, influencing textile production, dyeing methods and fashion trends. This historical exchange illustrates a timeless lesson: trade, at its core, fosters innovation and benefits both sides. Today, that spirit of cooperation is under strain. Donald Trump's administration has embraced protectionism, aiming to bring manufacturing jobs back to American shores through a policy called 'Fair and Reciprocal Plan'. Underpinning this policy is frustration over trade imbalances and unequal market access. As the White House recently highlighted, 'The US average applied tariff on agricultural goods is 5%. But India's average applied tariff is 39%. India also charges a 100% tariff on US motorcycles, while we only charge a 2.4% tariff on Indian motorcycles.' Such tariff disparities have soured economic relations, even as the US and India have grown strategically closer.

The data highlights key industries such as IT, BFSI, Manufacturing, and Healthcare as major contributors to this growth, alongside a rising demand for specialised talent in emerging technology roles. “The Indian job market is evolving rapidly, creating greater access and opportunities for women, particularly in high-growth industries and tech-driven roles,” said Anupama Bhimrajka, VP-Marketing, foundit in a statement.

Subscribe to enjoy similar stories. Being ‘not China’ may have been the easy part. A big manufacturing pitch in several Asian economies was that they enjoyed cordial relations with Beijing and solid historical ties to the US.

Subscribe to enjoy similar stories. The benchmark NSE Nifty 50 index has experienced a significant correction of nearly 15% from its peak in September 2024, making investors anxious. But the stock market is a place where volatility and opportunity go hand-in-hand.

Subscribe to enjoy similar stories. President Trump’s tariffs on top U.S. trading partners are set to take effect in coming days.

Subscribe to enjoy similar stories. Hard data is supposed to be cold and impersonal but also has the capacity to evoke myriad feelings. Consider the series of national-accounts data released on 28 February: India’s gross domestic product (GDP) for the quarter from October to December 2024, second advance GDP estimates for 2024-25, first revised estimate for the previous year and the final estimate for 2022-23.

Wopke Hoekstra, the European Commissioner for Climate, Net Zero and Clean Growth, feels when it comes to the India-EU partnership, «the sky truly is the limit for the future». This comes at a time when countries are grappling with challenges on multiple fronts-geopolitical headwinds, the need to secure industrial competitiveness while also tackling climate change. Bullish on India's efforts to transition to a low-carbon economy while expanding the country's economic output and bridging development gaps, Hoekstra, who was in Delhi last week, spoke of the potential for increased India-EU cooperation in areas like renewables and batteries, building the clean manufacturing industrial base in India and Europe, and delivering on the promise of carbon markets.

Subscribe to enjoy similar stories. New Delhi: When the government announced the production-linked incentive (PLI) scheme for semiconductors in 2021, with an outlay of around $10 billion, it was perhaps fitting that it was the largest of all schemes to promote hi-tech manufacturing in India announced by the government. The world over, governments love semiconductors, as a target for industrial policy.

Subscribe to enjoy similar stories. New Delhi: Chhattisgarh is courting defence firms from Russia and the US to set up manufacturing units in the state under its new Industrial Development Policy 2024-30, as it looks to position itself as a key player in India’s defence supply chain. "Numerous companies from Russia, the US, and other countries participated in our investment summit in Mumbai, and these investments will come to Chhattisgarh," chief minister Vishnu Deo Sai told Mint in an interview.

Subscribe to enjoy similar stories. Four years ago, Xiaomi was a successful smartphone business and its car business consisted of nothing more than a plan approved by the board and a vow by billionaire founder Lei Jun to make it work. This year, the company’s assembly lines are set to turn out 300,000 vehicles, and it has already shipped more than 135,000 in less than a year on the market.

high-security registration plates (HSRPs), as per officials. The government has made HSRPs mandatory for vehicles registered before April 1, 2019, to curb vehicle theft and bring uniformity in identification, placing the onus on manufacturers to install them before handing the vehicles to customers. It extended the deadline to fit HSRPs till April 30. The state government has also mandated HSRPs for an estimated 2.10 crore older vehicles registered before April 1, 2019.

pharmaceutical industry say levying tariffs may make generic drugs marginally costlier for the US patients and even lead to drug shortages. Dilip Shanghvi, chairman and managing director at Sun Pharma, India's largest drug maker by sales and market cap, told an industry gathering that his company sells products between $1 and $5 per bottle in the US and a tariff of 10% or 25% may marginally change that cost. «Possibly it will not justify relocating manufacturing,» Shanghvi said, responding to Trump's frenetic calls to either set up manufacturing bases in the US or face tariffs. He added the profit margins for drugs sold in the US are so low that the ability to absorb tariffs is limited. «Ultimately it will get passed on to the consumers,» he noted. For FY24, Sun Pharma had 32% of its total sales of ₹47,800 crore from the US, a notch higher than 31% that came from its home market India.

Mahindra & Mahindra (M&M), driven by strong demand for its range of SUVs, raced past Korean rival Hyundai Motor in February to grab the second spot in India's passenger vehicle market behind leader Maurti Suzuki. The Mumbai-based manufacturer of the XUV700 and Thar Roxx SUVs sold 50,420 passenger vehicles, up 19% from a year earlier, in a month when industry sales were estimated to be subdued, growing just around 2% amid tepid consumer demand.