Manufacturing Financial News

18.08 / 15:09

UPS Citi Lowe's Manufacturing country social What’s Holding Back India’s Economic Ambitions?

Many countries have followed a similar economic trajectory: As they develop, women increasingly enter the workforce, further fueling the country’s upward climb. It happened in China, Japan and South Korea in the latter half of the 20th century. The U.S.

18.08 / 14:07

COST UPS Progressive Manufacturing track Pitti Engineering Q1 net profit up 19% at ₹ 13.97 crore

Hyderabad, 17 August 2023: Pitti Engineering Ltd., which is into the manufacturing of traction motors and generators, has reported 19.3% growth in net profit for the first quarter at ₹13.97 crore, as compared with ₹ 11.71 crore in the same period last year. The company’s total revenues for the quarter ended June 30, 2023 was at ₹290.71 crore, as compared with ₹311.06 crore in the year-earlier period, down by 6.54%, on account of softening of raw material prices, EBITDA was at ₹42.43 crore as compared with ₹ 35.45 crore, up 19.69%, the highest-ever EBITDA recorded for a quarter. During the quarter the company has achieved highest ever quarterly sales volume of 9,958 MT.

18.08 / 14:07

Art Manufacturing love classical Vespa Justin Bieber Limited Edition launched in India, priced at ₹6.45 lakh

₹6.45 lakh (ex-showroom). The distinct model, conceptualized and designed by Bieber himself, is now available for pre-order as a completely built unit (CBU) import in India. The limited-edition vehicle is equipped with the classic 150cc engine, now upgraded to meet the latest environmental regulations.

18.08 / 13:33

COST UPS Booking Manufacturing CEO Deere delivers profit beat, lifts outlook on strong tractor demand

By Bianca Flowers and Shivansh Tiwary

18.08 / 13:23

Target Digital Manufacturing band performer country social moody’s Moody’s affirms India’s Baa3 rating with stable outlook

Moody’s Investor Service Friday affirmed India’s 'Baa3' rating with a stable outlook. The ratings agency said that rising growth will contribute to higher income levels and overall economic resilience.

18.08 / 13:07

IPO Booking Manufacturing Platform MER Shoora Designs IPO: GMP, subscription status on day 2 and other key details

₹48 per equity share at the face value of ₹10 each. Bids can be made for a minimum of 3,000 equity shares and in multiples of 3,000 equity shares thereafter. Shoora Designs IPO is a fresh issue comprising 4,23,000 equity shares of the face value of ₹10, aggregating upto ₹2.03 crore.The company intends to utilise the net proceeds from the issue towards working capital requirements and general corporate purposes.

18.08 / 13:03

Provident Fox Manufacturing show country electronic Stocks making the biggest moves premarket: Estee Lauder, Bloomin' Brands, Palo Alto Networks and more

In this article

18.08 / 12:53

UPS Manufacturing Euro zone set for growth over next 'couple' of years - ECB's Lane

FRANKFURT (Reuters) — The euro zone economy will keep growing in the coming years and is unlikely to experience a deep or sustained recession, European Central Bank chief economist Philip Lane said on Friday.

18.08 / 12:43

UPS IPO AXY Manufacturing 500 Happy Forgings files draft papers for IPO with Sebi, to raise Rs 500 crore via fresh issue

Happy Forgings has filed a draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (Sebi) for an initial public offering of shares, which includes fresh issue and an offer for sale by promoter and investor. Through the fresh issue of shares, the company plans to raise Rs 500 crore. Promoter Paritosh Kumar Garg (HUF), and India Business Excellence Fund – III will cumulatively sell 8,054,910 shares in the offer for sale.

18.08 / 12:25

UPS Manufacturing Enterprise social Jewellery Malabar Gold & Diamonds launches its first state-of-the-art jewellery manufacturing facility in West Bengal

jewellery manufacturing facility in West Bengal. The manufacturing unit built with an investment of Rs 150 crore. The facility was inaugurated by Shashi Panja, minister of state Industries, commerce & enterprises, child development and Women Development & Social Welfare.

18.08 / 09:19

IPO Manufacturing Platform band AGRO Crop Life Science IPO: Check GMP, subscription status, other key issue details to know

agricultural chemicals manufacturer, opened today, August 18. The Crop Life Science IPO is an SME IPO and its subscription period ends on August 22. Crop Life Science aims to raise ₹26.73 crore for the IPO consisting of fresh issue of 51.40 lakh equity shares aggregating.

18.08 / 07:39

Manufacturing show Why China’s government might struggle to revive its economy | Mint Primer | Mint

China's post-Covid economic recovery has turned ou... moreChina's post-Covid economic recovery has turned out to be shaky rather than robust.

18.08 / 07:39

Provident Manufacturing CEO Strategy PwC Simulation country Sharpen your strategic skills with IIM Kozhikode Strategic Management Programme

Advanced Strategic Management Programme. The 12-month programme is designed for senior to mid-level professionals as well as senior executives who want to sharpen their strategic skills to identify, unlock, and capture disruptive growth for their organisations.The IIM Kozhikode Advanced Strategic Management Programme is one-of-its-kind in the way that it combines leadership thinking, growth strategies, strategy and innovation along with contemporary agendas. According to the 23rd Global CEO Survey - The India Outlook by PwC in 2020, only 40% of Indian CEOs were ‘very confident’ about their revenue prospects and felt the need to re-evaluate their corporate strategy.

18.08 / 07:39

UPS Citi Provident Manufacturing Mobile Metro Intuit Revamping public transport requires more than a subsidy for electric buses

₹57,600 crore over 10 years. It will provide ₹20,000 crore of this, and the rest will come, presumably, from state governments and private investors. There are three things to note about the decision.

18.08 / 06:01

UPS Manufacturing awards show Three Adani group stocks jump up to 5% as Abu Dhabi investor shows interest

Adani Green Energy, Adani Energy Solutions and Adani Power jumped up to 5% in Friday's trade on BSE amid reports that Abu Dhabi National Energy Co. PJSC (TAQA) is looking to double down in India and is evaluating a large exposure in the expansive power businesses of Gautam Adani that span thermal generation to transmission, clean energy and green hydrogen. TAQA, among the largest integrated utilities in Europe, West Asia and Africa and also the second-largest stock on Abu Dhabi Securities Exchange (ADX), is keen to deploy $1.5-2.5 billion in Adani Group firms or in a single entity, people familiar with the matter told ET.

18.08 / 05:23

UPS Manufacturing Time Forget China+1, it is time to look at ‘China+N’ to widen the manufacturing base

China Plus One had become a global buzzword as companies wanted to reduce their dependence on the East Asian giant.

18.08 / 05:11

IPO Manufacturing Platform Premium Srivari Spices SME IPO Listing: Shares double investors money on debut at 142% premium

₹101.50 apiece, a robust premium of 141.66% to the issue price of ₹42 per share. Srivari Spices and Foods shares were listed on NSE Emerge, a platform for SME companies.

18.08 / 05:11

Provident Waters Manufacturing Mobile Orange Indian Indian Railways: Revamped orange-coloured Vande Bharat train likely to be introduced on August 19

Vande Bharat trains are all set to make their debut from the Integral Coach Factory in Chennai on August 19. The new train is expected to come with a slew of innovative safety and technical enhancement features. According to a Free Press Journal report, the new eight-coach Vande Bharat trains will come with a striking orange exterior will come with increased seat reclining angle, better access to mobile charging points, extended footrests for Executive Chair car class coaches and improvements in basin to prevent water splashes.

18.08 / 05:11

COST Booking Siemens Manufacturing Metro track country Indian The Great Indian Railway Boom is Here: 5 Stocks to Watch

Indian railway stocks have done very well in 2023. This rapid price appreciation has caught everyone’s attention in the market. And there’s very good reason for this.

18.08 / 04:25

IPO Manufacturing band open Pyramid Technoplast IPO to open for subscription. Should you bid?

Pyramid Technoplast opens for subscription on Friday, August 18 and will be available for the public to bid till Tuesday, August 22. Most analysts advised investors to subscribe to the issue given the company's diversified customer base along with the comprehensive product portfolio. «At the upper price band, the company is valued at a P/E of 16.21x FY23 earnings with a market cap of Rs 611 crore post issue of equity shares and return on net worth of 29.61%.

18.08 / 04:03

UPS FIVE Manufacturing Apple Chase India's growth story here to stay for next 10 to 15 years: Aditya Shah

«India is now a growth market. We are coming out of a phase from 2018 to 2022 when the economy was not really growing. Now, with the help of government's impetus on infrastructure, on manufacturing, the economy is picking up,» says Aditya Shah, Founder, Hercules Advisors.Typically investors look at stocks that are going to give them high returns over a short period of time and this is typically what the story would have been in midcap stocks but certainly in recent times, the kind of decline that we have seen in the midcap universe over a span of five years, that trend is reversing especially with foreign investors. They have this added interest despite the kind of premium valuations in that universe. Why do you think this is happening?It is very simple.

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