Manufacturing Financial News

16.08 / 01:39

COST Reuters Waters Fox Manufacturing Nov boost guidelines White House issues guidelines to boost use of US-made goods in government-funded infrastructure projects

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16.08 / 01:37

COST Lowe's Manufacturing NIFTY performer ETMarket Fund Manager Talk-More upside left in PSU banks as best in that class still reasonably valued: Spark Asia Investment

MUMBAI — The Indian banking sector exited its worst-ever downcycle after Covid, which led to a major clean-up in the balance sheet across the board. But it’s public sector banks that have seen an almost 360 degree shift in earnings performance, and this reflects in the stock prices, as many of them turned multibaggers since the pandemic. Despite the rally, many of the PSU banks are still reasonably valued, believes P Krishnan, CIO and Managing Director, Spark Asia Impact Managers.

15.08 / 23:53

COST UPS Manufacturing Alembic aims for US rebound with new launches

Alembic Pharmaceuticals expects the US business to bounce back as it gears up for a busy launch schedule in FY24, which includes oncology and non-oncology injectables, derma, and ophthalmic products. Many of these launches will be coming from the new facilities that cleared US Food and Drug Administration (USFDA) inspections. Alembic is also looking at possibilities of taking advantage of drug shortages in the US.

15.08 / 19:59

Manufacturing Parke Hyundai Auburn cover expansion Auto parts maker Shinhwa plans $114M expansion at Alabama facility, creating jobs

Alabama Gov. Kay Ivey's office said Tuesday that an auto parts supplier plans a $114 million investment to expand its facility in Auburn to support the production of electric vehicle parts

15.08 / 19:21

BLOCK Progressive Manufacturing Mobile Positive signals from India-China border talks ahead of BRICS summit to be attended by Modi, Xi

India and China held positive and constructive talks to resolve the border dispute, a statement issued by the Indian Army said on Tuesday. During the corps commander level talks on Sunday and Monday, both sides agreed that a resolution to the disputes on the Line of Actual Control should be expedited. The 19th round of India-China corps commander level meeting was held on the Indian side of the Chushul-Moldo border meeting point.

15.08 / 18:57

UPS Manufacturing Platform country cover M&M bets Oja will help double tractor exports

global market for light-weight, four-wheel drive tractors with its new platform, Oja, unveiled on Tuesday. According to a top company executive, Oja, built at an investment of ₹1,200 crore, is an entirely novel venture for the company, whose expertise has been rooted in “heavy, rugged" tractors. Mahindra will build multiple models on the platform across four categories—sub-compact, compact, small utility and large utility segments—with seven products set to hit the Indian and foreign markets later this year.

15.08 / 18:57

Target FIVE Manufacturing Strategy composer country Mahindra targets Europe, UK with global pick-up, eyes double-digit share in key exports markets

Cape Town: Homegrown automaker Mahindra & Mahindra is looking to tap the 2-million unit market for mid-sized pick-ups with a new global lifestyle pick-up truck that will first be launched in its key existing export markets including South Africa, Australia and New Zealand, Africa, the Middle East and South & Central America, the company announced during its global concept showcase in Cape Town on Tuesday. Mahindra is aspiring to snag a double-digit market share in these countries, where it has a rapidly growing presence, albeit with a single-digit share in the respective markets.

15.08 / 18:17

UPS Progressive Manufacturing show country social blues 'Bidenomics' delivered a once-in-generation investment. It shows the pros and cons of policymaking

There are so many dots on the maps they blur into blobs – each one reflecting trillions of public and private dollars flowing in the U.S. in a nationwide investment

15.08 / 18:17

COST Lowe's Manufacturing Yellow Low HP fails to derail claims that it bricks scanners on multifunction printers when ink runs low

HP Inc. has failed to shunt aside claims in a lawsuit that it disables scanners and other functions on its multifunction printers whenever the ink runs low

15.08 / 18:01

UPS Manufacturing Strategy performer country electronic Why the White House Went to Wall Street to Revive the U.S. Chips Industry

investment bankers, private-equity investors and management consultants. “Markets don’t always work perfectly," said Todd Fisher, a former executive at private-equity firm KKR who leads the investment team of the Chips Program Office. “We are trying to correct a dislocation," Fisher said, because “other countries put their thumb on the scale." Presidents have long gone to Wall Street to fill top jobs, with Federal Reserve chairman Jay Powell and former Treasury Secretary Steven Mnuchin among the recent examples.

15.08 / 17:39

COST UPS Aware Manufacturing awards country Railways plans PLI scheme for train parts

production-linked incentive (PLI) scheme for train component makers as part of its efforts to attract foreign manufacturing firms and reduce dependence on imports, people aware of the matter said. The contours of the PLI scheme will be worked out with the help of a consultancy firm, which will be selected through a bidding process this month, officials told ET. The consultant will prepare a list of components that are largely imported and used in making engines and coaches, also called rolling stock.

15.08 / 16:33

UPS Digital Cooper Manufacturing stage electronic ‘Agri business cooperatives for every village to strengthen rural economy’

NEW DELHI : The government will set up agriculture-focused cooperative societies in every village where one doesn’t exist now, and will develop them into multi-sector units, giving a major fillip to the cooperative movement, NITI Aayog member Ramesh Chand said. “A big movement toward rural cooperatives is happening. The government plans to set up one cooperative in agri-business in every village, where they are not there.

15.08 / 15:27

COST UPS Target Manufacturing cover Cochlear investors hear siren call of higher profits

Hearing device maker Cochlear aims to boost margins and revenues this year, amid plans to boost market penetration for its products.

15.08 / 14:55

Manufacturing Strategy Mobile performer country electronic Our curbs on computer imports constitute a bold strategic move

Narendra Modi government for India’s economic transformation has paved the way for world-class manufacturing. Production linked incentives (PLIs) have been instrumental in both boosting domestic manufacturing and curtailing a burgeoning trade-deficit in electronics and other manufacturing goods. With an outlay of over ₹2 trillion, the PLI scheme launched in March 2020 began with mobile phones and components, electrical components and medical devices, and was later extended to 14 sectors, including electronics and IT hardware, white goods, drones, telecom, pharmaceuticals, automobiles and auto-components.

15.08 / 14:55

Provident Manufacturing Racing Hallmark Infinity performer Mahindra & Mahindra unveils new brand identity for electric vehicles. Details here

SUV factory in Chakan near Pune which will have a capacity to manufacture around 200,000 electric Sport Utility Vehicle(SUVs) a year. The plant is likely to be ready by next year. The company is also planning to create a battery assembly plant to supply batteries to electric vehicles.

15.08 / 13:41

Provident Manufacturing Mobile performer Indian 500 9 Cordless Drill Machines for Indian homes starting at just Rs.1,500

With the freedom to move unhindered by cords, these tools become your trusted companions in various tasks, from mounting shelves to crafting. Whether you're a seasoned DIY enthusiast or just beginning your journey, these affordable options offer a gateway to convenience and creativity. Join us in exploring this array of cordless drill machines that blend affordability and functionality, ready to bring a new level of efficiency to your Indian home projects.

15.08 / 13:37

UPS Siemens Manufacturing Landmark country Solar Siemens to make solar energy equipment for US market in Wisconsin

(Reuters) — German conglomerate Siemens (ETR:SIEGn) said on Tuesday it will start producing solar energy equipment in the United States in 2024 through a contract manufacturer in Wisconsin.

15.08 / 13:37

COST Manufacturing Tesla Tencent NVIDIA fall Home Depot, Tesla, Tencent Music fall premarket; Nvidia, DR Horton rise

Investing.com — U.S. futures fell Tuesday, ahead of the release of key retail sales data, while weak Chinese economic data raised concerns about slowing global growth.

15.08 / 12:57

Manufacturing Pool DISH country Singapore allows restaurants to hire cooks from India to combat manpower shortage

Singapore has added cooks from India to its list of permissible hires, widening its recruitment pool for certain job positions in the services and manufacturing sectors. Traditionally, employers in Singapore's services and manufacturing sectors have primarily sourced work permit holders from China, Malaysia, Hong Kong, Macau, South Korea, and Taiwan. The Ministry of Manpower has recently unveiled the application process for cooks in Indian restaurants in the city-state.

15.08 / 10:45

COST UPS Provident FIVE Manufacturing Balaji Amines delays quarterly results due to unavailability of management

Balaji Amineswhich is engaged in manufacturing specialty chemicals in an exchange filing said that in accordance with the SEBI Master Circular, we would like to submit that there has been a delay in the preparation of the Consolidated Financial Results on account of theunavailability of the management. “Therefore, the Company’s Un-audited Standalone and Consolidated Financial Results for the quarter ended June 30, 2023 will be approved subsequent to August 14, 2023 and that the Company will endeavour to get the same approved at the earliest," the statement added.

15.08 / 10:45

Manufacturing Apple Samsung AirPods Xiaomi electronic Apple to begin AirPods manufacturing at Foxconn's Hyderabad factory: Report

Foxconn Hyderabad factory will make AirPods and the factory is expected to begin mass production by December, PTI reported. In the realm of true wireless stereo (TWS), Apple's AirPods take the lead on a global scale. Research company Canalys reported that during the last quarter of 2022, Apple held approximately 36 percent of the TWS market share, securing its dominance.

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