Manufacturing Financial News

15.08 / 09:35

UPS Aware Career Manufacturing Platform Colleges Engineering colleges brace for challenging placement season amid tech downturn

Engineering colleges that have already begun final placements for the Class of 2024 are bracing for a challenging season under the shadow of a tech downturn, where some of the biggest recruiters are hitting the brakes on hiring. Colleges including Delhi Technological University (DTU), NIT Calicut, NIT Jalandhar, NIT Hamirpur and Vellore Institute of Technology (VIT) told ET they expect it to impact campus hiring numbers.

15.08 / 09:27

Provident FIVE Progressive Manufacturing CEO voice Top 5 technologies to look out for in televisions in the next 5 years

By Avneet Singh Marwah

15.08 / 08:57

UPS Manufacturing Enterprise week India's first long-range revolver "Prabal" to be launched this week on August 18

long-range revolver, «Prabal,» is poised for launch on August 18. The revolver is manufactured by the state-owned enterprise Advanced Weapons and Equipment India (AWEIL), based in Kanpur. Distinguished by its .32 bore, the Prabal revolver boasts an impressive firing range of up to 50 meters, more than twice the reach of other rivolvers in India.

15.08 / 08:49

Manufacturing Align Harmonic stage cover classical Returns 2023 Royal Enfield Bullet 350: The icon returns on September 1 with subtle design tweaks

₹1.5 lakh. The 2023 iteration of the Royal Enfield Bullet 350 will retain its established design, with no significant alterations planned by the company. The iconic design, synonymous with the Bullet series, will remain largely unchanged, aligning with Royal Enfield's decision to maintain its distinct visual identity, reported HT Auto.

15.08 / 07:53

UPS Manufacturing Nano Simulation stage Inside Indian Indian Army orders Rs 7,300 cr emergency buy from desi companies to counter China

Army ordered ₹7,300 crore worth weapon systems from Indian manufacturers, using emergency purchase powers, to counter border threat from China. Contracts worth another ₹7000 crore are in final stages of procurement and are likely to be signed in the coming weeks. A range of equipment was ordered mainly from the private sector.

15.08 / 07:27

UPS VISA Manufacturing Gap Intel America is building chip factories. Now to find the workers

CHIPS Act passed last year will see the government dole out $50bn over the next half-decade. A baseline estimate from the Semiconductor Industry Association, a trade body, is that by 2030 America’s chip sector will face a shortage of 67,000 technicians, computer scientists and engineers, and about 1.4m such workers throughout the wider economy. Set this against the total of roughly 70,000 students who complete undergraduate degrees in engineering in America each year, and the scale of the deficit becomes apparent.

15.08 / 07:27

Lowe's Manufacturing Can China escape deflation?

economic reform. Xi Jinping, its leader, is understandably eager to promote “high-quality" growth—innovative, well-paid, green and resilient—rather than “low-quality" growth, such as spending on redundant infrastructure, cheap manufacturing or speculative homebuilding. China’s policymakers know that past stimulus sprees have left behind unoccupied flats and lightly used roads.

15.08 / 07:27

UPS IPO FIVE Manufacturing performer electronic IPOs independence day Independence Day 2023: 33 of 38 mainboard IPOs jump up to 200% in past year

Kaynes Technology India Ltd was at the top of the list with gains of 195.10% from its IPO price of ₹587. The initial public offering had a 34.1 times subscription and a 17.50% listing gain. When it comes to end-to-end and Internet of Things (IoT) solutions enabled integrated electronics manufacturing, Kaynes Technology is a leader with skills spanning the entire gamut of electronics system design and manufacturing services.

15.08 / 05:51

COST FIVE Booking Manufacturing show performer country Selective in pharma and capital goods; will move to overweight in IT on weakness: Trideep Bhattacharya

Trideep Bhattacharya, CIO, Edelweiss MF, says: “It will probably take the next year for that improvement to come through. But the valuations over the next one or two quarters would be such that they may be good to add.

15.08 / 05:29

Manufacturing Samsung Intel Synopsys performer electronic Intel adds Synopsys IP to advanced contract manufacturing

contract manufacturing Intel offers, the companies said on Monday. The deal includes intellectual property owned by Synopsys that is used as off-the-shelf components for chip designers aiming to speed the process.

15.08 / 05:29

UPS Manufacturing CEO Limelight country Inside Exports of lab-grown diamonds slump 28.57% YoY despite government backing

lab-grown diamonds have slumped 28.57% year on year in the first four months of the current fiscal despite government backing, but industry insiders expect numbers to pick up this month onward after a price correction in July. Manufacturers of lab-grown diamonds (LGD) – which are 80% cheaper than natural diamond – also claimed that export volumes have increased with the US being the largest importer.

15.08 / 05:15

COST UPS Manufacturing show debate week Biden heads to battleground Wisconsin to talk about the economy a week before GOP debate

President Joe Biden is stopping in the battleground state of Wisconsin to discuss how policies he calls “Bidenomics” are boosting the economy

15.08 / 05:15

Manufacturing Action Illinois governor signs ban on firearms advertising allegedly marketed to kids and militants

Illinois Gov. J.B. Pritzker has signed a law banning firearms advertising that officials determine produces a public safety threat or appeals to children, militants or others who might later use the weapons illegally

15.08 / 05:15

Manufacturing CEO US Steel rejects a $7.3 billion offer from rival Cleveland-Cliffs; considers alternatives

United States Steel Corp. said Sunday that it rejected a $7.3 billion buyout proposal from rival Cleveland Cliffs and was reviewing “strategic alternatives” after receiving several unsolicited offers

15.08 / 04:47

markets Manufacturing Remark Bitcoin show Crypto Bull Run Bull run ‘Evidence is piling’ for a new crypto bull run: Delphi Digital co-founder

Several on-chain metrics and charts are showing signals that could hint at the beginning of a new crypto bull market cycle, according to the co-founder of Delphi Digital.

15.08 / 04:21

FIVE Manufacturing 2024 India to become Kohler’s 3rd largest market by 2024, says David Kohler

bathroom products company Kohler and is likely to become its third largest market by 2024, its chair and chief executive officer David Kohler told ET. Currently, India ranks among Kohler’s top five markets. “India has the fastest-growing GDP in the world among major economies.

15.08 / 02:01

Progressive Waters Aware Manufacturing Celebrity country independence day Independence Day 2023: PM Modi's speech from Red Fort likely to be around India’s foundation for ‘Viksit Bharat’

Narendra Modi will lead the celebrations today i.e. on 15 August from the ramparts of the iconic Red Fort. Around 1,800 people from different walks of life and from all across the country have been invited as special guests to the main celebratory event in the national capital.

15.08 / 00:35

UPS Citi Manufacturing Apple Enterprise electronic Tech giants turn to untapped talent in tier 2 & 3 cities in new twist

Apple are expanding their workforce in India and are recruiting for talent in places like Hubbali, Dharwad. Apple is not alone, there are many other large multinationals which are hiring in tier-2 and tier-3 cities in India. Focus on new areas such as electric vehicles and electronics manufacturing are driving job opportunities in these regions, staffing firms said.

14.08 / 19:37

UPS Citi Manufacturing Highways stage play Smart cities play Clara checks out trucker Sutherlands Transport

Sutherlands Transport, a Cootamundra-based trucking business, has landed on the radar of ambitious infrastructure player Clara, which has proposed a $600 million green hydrogen plant to power trucks plying the Hume.

14.08 / 19:05

Provident Cooper Manufacturing CEO Action Nestle Recall Nestlé Toll House Chocolate Chip Cookie Dough Recall Over Wood Fragments Detected in 'Break and Bake' Bars; Here’s what happened

Nestlé USA has taken swift action to recall specific batches of Nestlé Toll House Chocolate Chip Cookie Dough «break and bake» bars due to reports from consumers regarding the presence of wood fragments in the product.

14.08 / 18:53

COST UPS Manufacturing Apple performer Future Faraday Future delivers first FF91 2.0

California-based electric vehicle manufacturer Faraday Future Intelligent Electric Inc (NASDAQ:FFIE) officially handed over the keys to the first FF91 2.0 Futurist Alliance customer on Monday.

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