Manufacturing Financial News
18.08 / 03:39
IPO
Booking
AXY
Manufacturing
IBC
band
NOT
Pyramid Technoplast IPO opens today. GMP, review, apply or not?
Pyramid Technoplast IPO: The Initial Public Offering (IPO) of Pyramid Technoplast Limited is going to hit primary market today. The public issue has become open for subscribers today and it will remain open for bidders till 22nd August 2023. The company has fixed Pyramid Technoplast IPO price band at ₹151 to ₹166 and one log of the IPO will comprise 90 shares of the company.
18.08 / 03:25
COST
UPS
Provident
Manufacturing
cover
Suncorp inks new prices, funding for wobbling smash giant AMA
Suncorp will provide financial support to smash repair giant AMA in a deal the struggling chain has signed with its key insurance customer.
18.08 / 03:07
Manufacturing
Apple
Forbes
donates
Warren Buffett donates $27 million Berkshire stock
Warren Buffett donated nearly $27 million of Berkshire Hathaway stock this week to an unnamed charity, the latest move in the billionaire investor's plan to give away his fortune. Berkshire disclosed Buffett's donation of 50 Class A shares in a Wednesday night filing with the U.S. Securities and Exchange Commission.
17.08 / 23:31
17.08 / 20:35
UPS
Target
Manufacturing
Platform
Align
Parke
Time
Time for India to take lead in medical devices sector: Mansukh Mandaviya
India has been recognised as the «pharmacy of the world» and it is now time for India to become the leader in the manufacturing of affordable, innovative and quality medical devices, Union Health Minister Mansukh Mandaviya said on Thursday. Mandaviya, during his inaugural address at 'India MedTech Expo 2023', underlined that India is the fastest-growing medical devices market among the emerging markets.
17.08 / 19:55
COST
Progressive
Manufacturing
Remark
Actor
country
Contract talks continue nearly 2 months into strike at Pennsylvania locomotive plant
Contract negotiations between the country’s largest locomotive manufacturer and its striking unions are continuing in Erie, Pennsylvania, nearly two months after some 1,400 workers walked off the job
17.08 / 19:39
UPS
Progressive
Manufacturing
Sarepta
pricing
Government in talks with companies over pricing of rare diseases drugs
drugs used for treatment of rare diseases with pharmaceutical companies including Sanofi, Sarepta and Roche to bring relief to patients who are unable get treatment due to exorbitant prices of drugs. «Discussions relating to pricing and supplies of medicines with various pharma companies are underway,» the government has informed the Delhi High Court that has been hearing a batch of petitions filed by rare disease patients and their caretakers.
17.08 / 19:17
Extreme
Manufacturing
Mobile
Align
Continental
electronic
Top 3 Tech Stocks Poised to Surge Amid Growing Likelihood of Soft Landing Scenario
August hasn't been very kind to U.S. stock indexes so far as they continue to correct. Looking ahead, one of the major factors likely to steer the market in the coming months is the U.S. GDP trajectory.
17.08 / 18:57
UPS
Target
Manufacturing
UBS
country
Supply chain shifts to benefit India, create jobs: UBS report
UBS report released on Thursday. While the report noted that no single country can replicate China's success in manufacturing, it said India could benefit from supply chain shifts and reforms, which could also result in job creation. «Growth could rise to 6.25-6.75% YoY by 2030 under an optimistic scenario and 6.75-7.25% YoY under a blue-sky scenario, leading to job creation,» Tanvee Gupta Jain, chief India economist, UBS, said.
17.08 / 17:51
UPS
Manufacturing
Mobile
Apple
Software
country
Chennai plus one, Apple of the eye
Apple's production in India of the iPhone 15, slated for launch next month, sends out a strong message of intent about its desire to diversify out of China. Near-simultaneous release opens up scope for iPhone shipments from India. By closing the delay in production in the two countries, Apple's contract manufacturers are demonstrating capability to retool supply chains.
17.08 / 17:31
UPS
Citi
Waves
Manufacturing
country
Samsonite says it grew 40 pc in first half of 2023; eyes Rs 3,600 crore sales by December
Samsonite has grown close to 40 per cent in the first half of 2023 and it aims to touch Rs 3,600 crore sales by December, a top company official has said. Samsonite, having 35 per cent share in the Rs 15,000-crore domestic organised luggage market, leads the premium segment with its various products labelled with the original name as well as under the brand of American Tourister.
17.08 / 17:17
17.08 / 17:17
17.08 / 17:13
IPO
Manufacturing
Platform
MER
Shoora Designs IPO: GMP, subscription status on day 1 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.
17.08 / 16:55
COST
UPS
Waters
Manufacturing
Parke
Investment cycle gaining momentum, envisaged capex to jump over 80 pc in FY24: RBI Paper
capital expenditure is set to jump by over 80 per cent to Rs 1.71 lakh crore in the current fiscal, according to an article by Reserve Bank of India (RBI) staffers. The article by Shreya Bhan, Rajendra N Chavhan and Rajesh B Kavediya, which was published on Thursday, said improvement in capacity utilisation of the manufacturing sector, pick-up in credit demand and improving consumer sentiments are helping the capex cycle.
17.08 / 16:47
UPS
Progressive
Manufacturing
show
stage
Divi’s needs more than margin rise
₹1,778 crore, lower by 21%. “Compared with about $65 million sales in Q1FY23, we estimate nil molnupiravir sales by Divi’s in Q1FY24. On an ex-molnupiravir basis, Divi’s topline grew at a disappointing pace of just 1.5% y-o-y," said Kotak Institutional Equities analysts in a 14 August report.
17.08 / 16:47
COST
Manufacturing
Action
Remark
ICE
country
end
India can usher in the beginning of the end of an ICE Age globally
Narendra Modi perfectly summarize where we as a nation are headed. As India embraces its 77th year of independence, we must understand the magnitude of the potential that the future holds. India has one of the world’s largest and fastest growing domestic markets, supported by strong policy momentum, entrepreneurial and innovative companies, world-class talent and capital access.
17.08 / 16:33
Manufacturing
India, Korea work for migration agreement
Mint earlier reported that a migration pact is being planned with Taiwan. In addition, India also maintains a Specified Skilled Workers (SSW) scheme with Japan to allow workers to migrate in 14 fields including nursing, manufacturing, construction, shipbuilding, fisheries and automobile maintenance.
17.08 / 16:33
IPO
Manufacturing
Mobile
Samsung
show
electronic
Data recap: Inflation, IPO revival, millets in diet
Plain Facts publishes a compilation of data-based insights, complete with easy-to-read charts, to help you delve deeper into the stories reported by Mint in the week gone by. Retail inflation unexpectedly surpassed the 7%-mark in July due to high vegetable prices, Samsung will receive the highest payout under the government’s production-linked incentive (PLI) scheme for mobile manufacturing, and Russia surpassed Iraq as India’s largest supplier of crude oil. Retail inflation in India hit a 15-month high of 7.4% in July on account of a sharp rise in vegetable prices.
17.08 / 15:49
UPS
FIVE
Coca-Cola
Manufacturing
Apple
Warren Buffett gives $27 million in Berkshire Hathaway stock to an unnamed charity
Warren Buffett donated 50 Class A shares of Berkshire Hathaway stock worth $27 million to an unnamed charity this week
17.08 / 15:27
COST
UPS
Manufacturing
Action
ICE
Demand for electric two wheelers slowing down due to reduced government subsidy: Report
FAME subsidy is slowing down demand for electric two wheelers and the manufacturers will now have to focus on achieving price reduction through R&D and innovation, a report said on Thursday. The medium term sales trajectory for two wheelers, which include e-two wheelers as well, is anticipated to be modest, characterised by uncertainties and driven by a host of factors, it said.
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