Manufacturing Financial News

By Nichola Groom

Small-cap stock below ₹50: Rama Steel Tubes shares have remained under base building mode after ushering in 2023. The stock has delivered paltry 7 per cent YTD return to its shareholders. However, after ushering in the new financial year, the small-cap stock bottomed out and started moving upside.

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Power Finance Corporation Limited (PFC) appointed Parminder Chopra as Chairman and Managing Director (CMD), with effect from August 14, 2023 becoming the first woman to lead the company, the NBFC announced on Thursday. Previously, she was holding the additional charge of Chairman and Managing Director (CMD) since June 1, 2023 and was Director (Finance), PFC since July 1, 2020.

Investing.com — The U.S. dollar edged lower in early European trade Thursday but remains trading near two-month highs after the minutes from the last Federal Reserve meeting offered a hawkish slant.

Japan suffered a trade deficit last month as exports sank for the first time in two years and five months, dragged down by a slowdown overseas

full-time chairman and managing director, effective 14 August. "Previously, she was holding the additional charge of Chairman and Managing Director (CMD) from June 1, 2023, and was Director (Finance), PFC, since July 1, 2020," the company said in a statement. With this, Chopra becomes the first woman to lead India's largest non-banking finance company PFC, the company said.

Amcor, the world’s largest consumer packaging company, says the $US1.1 billion ($1.7 billion) in price rises pushed through to customers in the past 12 months are unlikely to be topped this year, but warned inflation has not been tamed.

Kettlebells come in a variety of colours and shapes, and can easily be stored due to their compact design, which makes them perfect for home workout routines. Here are our picks for 6 of the best kettle bells in India. Read on to know more about each product.

NEW DELHI : Luggage maker Samsonite reported nearly a 38% jump in sales in India in the first half of 2023, a strong indicator of the travel boom translating to sustained demand for hard luggage and travel bags. During the first half of 2023, Samsonite International SA, which covers the Southeast Asian markets for the luggage maker, said net sales in India jumped 38% (constant currency) in India. Net sales in China grew 99% in the same period, the company said in its earnings release for the six months ended 30 June, filed on Wednesday in Hong Kong.

Adani PowerGQG Partners along with other investors picked up 8.1% in Adani Power in a $1.1 billion deal.JSW EnergyGQG Partners Emerging Market Fund bought 10,284,024 shares or 0.6% stake in JSW Energy at Rs 341.70 apiece for Rs 351 crore.Read more: What changed the market while you were sleepingIndiGo The family of IndiGo's co-founder Rakesh Gangwal has sold partial stake in the budget carrier through bulk deals on Wednesday.CiplaThe FDA, Konkan Division, has ordered for suspension of FDA license issued to the company's manufacturing unit at Patalganga (Unit II) for a period of 10 days in December 2023 for non-conformance of good manufacturing practices.Religare EnterprisesInvestment Opportunities fund has sold 2.45 crore shares in the company through block deals on Wednesday.IIFL SecuritiesHamblin Watsa Investment Counsel has sold 1.2 crore shares or 3.9% stake in IIFL Securities in a block deal on Wednesday.Future RetailThe resolution professional of Future Retail has approached NCLT, seeking a further extension till September 15 to complete the corporate insolvency resolution process of the debt-ridden firm.Amara Raja BatteriesAmara Raja Batteries plans to expand into the two-wheeler electric vehicle market, first through chargers and then batteries, as part of an expansion to triple its lithium-ion business this financial year.LupinLupin said it has received approval from the US health regulator to market its generic Bromfenac Ophthalmic Solution used to treat post-operative inflammation in patients who have undergone cataract surgery.

iPhone 15 in India, people familiar with the matter said. The latest iteration of Apple's most popular product, due to be launched globally next month, will be manufactured in India by the Taiwanese company just a few weeks after production starts in China, the country where majority of Apple's products are made. Two industry executives in the know said Foxconn's facility in Sriperumbudur, Tamil Nadu, has started the 'new product introduction' (NPI) process for the upcoming iPhone 15, with mass production set to begin closer to the launch date.

NSE) has asked more than 15 brokers, including some of the leading intermediaries, for a slew of information to track the locations from where equity derivative orders were placed between January 2020 and March 2022 — the pandemic months when there was an unusual surge in futures and options trade volumes and on-boarding of new clients by most brokerages. The member brokers have been directed to share the know-your-customer (KYC) details and ledgers of their clients, ID of devices used to put the trade orders, IP addresses as well as the media access control (or MAC) addresses which is an unique identifier for every laptop and mobile handset manufactured, two people aware of the communique from the bourse told ET.

India to 60-80% in the next five-ten years, people aware of the development told ET. A primary request of the government is that industries operating in India look to implement new production techniques, such as surface-mount technology (SMT) lines, to step up the local value-addition percentage, one of the people said. “So, for example, in the IT hardware production-linked incentive (PLI) scheme, the government wants the industry to go beyond the assembly of components.

Jungle Ventures on Wednesday said it has merged HealthXCapital – a city based-fund in which it is an anchor investor – with itself to kickstart its healthtech foray. Following this move, the $20 million HealthXCapital — with investments in Red Health (formerly StanPlus), Medfin, and THB — will now join Jungle Ventures’ portfolio. The latter is currently investing out of its fourth fund, which boasts a $600 million corpus.

By Anton Bridge

By Jaspreet Singh and Max A. Cherney

The U.S. Air Force is throwing its support behind a program to develop a sleek, futuristic-looking new jet that could provide greater range and efficiency for military tankers and cargo planes

A federal judge has ruled California-based company will pay just under $5 million in fines for discharging wastewater into a publicly owned sewage treatment plant in Mississippi without obtaining a valid state permit

fleet support vessels (FSVs) which are urgently required by the Indian Navy. Vizag-based Hindustan Shipyard Limited (HSL) will manufacture five of the 45,000-tonne warships, the largest ship of its class being built at the defence ministry-owned yard. The Indian FSV project was initially given a go-ahead in 2016 after the Indian Navy projected a requirement for ships that could carry fuel and other supplies for warships at sea. The ships are needed to support warships on long range patrol and can carry a variety of equipment, such as fuel, ammunition and food supplies. They will be able to support ships of all classes, including the two Indian aircraft carriers. The navy has a variety of new ships that are being planned, including next generation missile vessels and counter mine vessels. Three additional Scorpene class submarines are also expected to be ordered shortly.

mandatory quality norms for electric ceiling fans to curb the import of sub-standard goods and boost domestic manufacturing of electric fans. A notification in this regard was issued by the Department for Promotion of Industry and Internal Trade (DPIIT) on August 9.