Manufacturing Financial News

ABB India Limited bagged an order from Reliance Life Sciences (RLS) to automate control solutions for their new biosimilars and plasma proteins manufacturing facilities in its 160-acre plant at Nashik, Maharashtra, the company announced on Monday. «The scope encompasses complete automation of the manufacturing process using ABB’s flagship Distributed Control System (DCS) Ability System 800xA, Remote I/O systems, Batch Recipe Management, and MES Integration,» the company said in a release.

B2B is normally associated with the digital world, but there are many companies whose products go as consumable or what is commonly called as raw material in the manufacturing sector. So for companies which are into supplying industrial consumables it is not an easy task.

Indian hosiery industry will stitch up revenue of Rs 36,000 crore this fiscal, 18-20% higher on-year, riding on a revival in rural demand. Operating margin will expand 300-400 basis points (bps) on softer input prices and improved capacity utilisations. A CRISIL Ratings analysis of 28 hosiery makers, accounting for a third of the industry by revenue, indicates as much.

Vikas Khemani, Founder, Carnelian Capital Advisors, says: “Our average portfolio valuation is about 19-20 times PE and average portfolio growth is about 17-18%. That tells you that you are in this market also able to find growth stories with a reasonable valuation and with the ROC or ROE portfolio upwards of 17-18%. We are not really worried about the lack of ideas in this market.

Titan Company signed a Share Purchase Agreement with the Founder of CaratLane and his family members to acquire all the shares held by them representing 27.18% stake in the company for ₹4,621 crore. CaratLane is an unlisted private company engaged in the manufacture and sale of jewellery and is a subsidiary of Titan. Titan had first acquired a 62% stake in CaratLane in 2016 for ₹357.24 crore, and had subsequently raised its stake in the omni-channel jewellery retailer.

“You come there with your wife, or your brother, or your son and you're designing shirts together. I think the genesis of our stores is, it is an experience center where people come to have a fun couple of hours and walk away with a whole bunch of stuff that they will hopefully like later when it gets delivered to them." says Akshay Narvekar, Founder & CEO. Here’s what they offer, a wide range of customisations on their shirts, beginning from the type of collars, cuffs, buttons, placket and pocket.

India saw 120 per cent growth in electric vehicles (EVs) in the second quarter of this year, driven by a 400 per cent surge in hybrid vehicles, a report showed on Monday. Assistance systems (ADAS) rapidly expanded by 350 per cent (year-on-year) and the adoption of connected and digital cockpit features continue to gain steady traction in passenger vehicles, surpassing 60 per cent, according to the report by CyberMedia Research (CMR). The surge in EV adoption was driven by the introduction of new affordable models, including, for instance, MG Comet EV from MG Motors.

Vikas Khemani, Founder, Carnelian Capital Advisors, says: “I am fully convinced that India will see disproportionately large flows in times to come. In the last two years, we lost close to $40 billion as the interest rates were rising in US and emerging markets and so there was the outflow. But that is all set to reverse.

Honor had stopped selling its smartphones in India and reportedly retreated last year amid limited marketing budget and less prudent portfolio management. «India was never a focus market for the Huawei Technologies-owned Honor until 2020 — when it was forced to spin-off the brand and reassess strategy,» said Neil Shah, vice president at Counterpoint Research.

fundamentally strong companies that efficiently utilise their capital to generate profits. RoCE not only reflects a company's operational efficiency but also its ability to provide attractive returns to its shareholders. This article delves into the world of midcap stocks in India, specifically focusing on the top five high RoCE midcap stocks that have caught the attention of investors.

solar exports from Southeast Asia, saying the move will slow clean energy deployment and harm climate progress. “We’ve gone from toasting the anniversary of the Inflation Reduction Act and its positive impacts on America’s energy transition to lamenting the imposition of harmful solar tariffs that will severely constrict solar availability in the US,” Gregory Wetstone, president of the American Council on Renewable Energy, said Friday in an interview.

DyeCoo says its process for getting colorants onto fabric doesn’t use any water or bonding chemicals — water is still needed for rinsing, though — and can halve a factory’s typical water use and emissions from textile dyeing. (About 95% of the CO2 can also be recycled between jobs.) Since 2010, the company has been working with garment makers in Taiwan, the Netherlands and Southeast Asia, and its backers include Nike Inc.’s venture arm and Ikea.

Finolex Industries, ITD Cementation India, among others. The ex-dividend date is the day on which the equity share price adjusts to reflect the next dividend payout. It is the day the stock becomes ex-dividend, which means it does not carry the value of its next dividend payment from that day forward.

Australia will spend A$1.3 billion ($833 million) to boost its long-range strike capabilities as it finalised on Monday a deal to buy more than 200 Tomahawk cruise missiles from the United States, part of a wide-ranging defence shake-up. Australia will be only one of three nations to have Tomahawks along with the US and Britain, Defence Minister Richard Marles said.

Tata Sons is in discussions with multiple startups as the conglomerate seeks technical know-how for its £4 billion ($5.1 billion) UK battery plant, where it aims to start mass production in 2026. “If you look at the startups that are working in this space, they are at the forefront of technology,” Tata Motors Group Chief Financial Officer P.B. Balaji said in an interview in Mumbai.

IDBI Bank: The proposed sale of the government’s stake in IDBI Bank is unlikely to happen this fiscal, posing a challenge to the Centre’s ability to meet the ₹51,000 crore disinvestment target for the year. The government expected more than ₹15,000 crore from the IDBI Bank stake sale, the financial due diligence for which began in July. It had planned to issue financial bids for IDBI Bank by December and completing the transaction in the fourth quarter of the fiscal.

The a2 Milk Company has met its lower end of guidance for double-digit revenue and earnings growth, but warns the key China market will be more challenging this year with fewer children born.

inflation impacts discretionary spends of the middle-class even as there is an uptick in the spends by upper middle class consumers on premium cars, home renovation, real estate purchases, travel, hotels, tech goods. Inflation has impacted the middle-class consumer's buying power for small cars, and yet there is a long waiting period for high-end cars in 2023, say carmakers. «We might see some transitory loss in consumption due to high food inflation, but this will reverse soon as food inflation subsides as fresh kharif harvest hits the market,» said R Dinesh, president, CII and vice-chairman, TVS Supply Chain Solutions.

IT hardware industry is increasingly concerned about what could be New Delhi’s definition of “trusted hardware”, with the Centre stressing that imposition of import curbs on laptops, tablets and servers is primarily due to national security reasons. Industry executives say that while the government has been successful in restricting Chinese players Huawei and ZTE from participating in India’s 5G rollout after adoption of the “trusted sources” approach, replicating the same for IT hardware won’t be feasible. That’s because unlike telecom equipment, laptops/tablets are consumer devices. More importantly, more than 80% of the market is controlled by non-Chinese firms belonging to the US, Japan, South Korea and Taiwan, which are already trusted trade partners of India, said industry executives. Lenovo is the only Chinese firm. Under India’s new rules for security of mobile networks, telcos are mandated to buy network equipment only from entities labelled by the National Cyber Security Coordinator as a ‘trusted source’ and product designated as a ‘trusted’ one.

MV Murugappan. The terms of the arrangement have been kept confidential. Dr.

NEW DELHI : The government should give incentives for research and development projects on advanced battery technology, said a CII report on Sunday. The report on battery manufacturing and its ecosystem released by the Confederation of Indian Industry (CII), suggested that incentives be given from a dedicated fund for the development of the battery technology ecosystem.