Manufacturing Financial News

14.08 / 05:27

UPS Manufacturing Strategy Tesla BMW end India gets the wheels moving on a special plan for high-end EVs

EV strategy on the lines of a phased manufacturing plan (PMP), ToI reported on August 14. This is part of a plan to woo global auto biggies such as Tesla in the high-end electric vehicles market. The new plan is likely to be company-agnostic and cater to the needs of the entire industry, besides playing a role in boosting the EV ecosystem in India, the report said.

14.08 / 04:13

UPS Manufacturing show electronic Is there enough headroom for ITC to rise significantly from here? Jonathan Schiessl answers

Jonathan Schiessl, Deputy CIO, Westminster Asset Management, says “the FMCG side of ITC’s business has always been theITCdarling of the business that will grow one day and become a huge side. Yes, it is clearly a big business. Clearly, it has been accelerating momentum but it is a very competitive space.

14.08 / 03:43

Digital Manufacturing ITC Q1 Results: Net profit likely to rise 16%, revenue may remain flat YoY; Cigarette volume growth to be steady

ITC Ltd, the diversified conglomerate, is set to declare its Q1 results today. The cigarette manufacturer is expected to see decent double digit growth in the net profit for the first quarter of FY24, while its revenue is likely to remain flat on a year-on-year (YoY) basis. ITC Q1 net profit is expected to rise 16.7% on-year to ₹4,886 crore led by steady growth in cigarette and fast-moving consumer goods (FMCG) businesses, as per brokerage poll by Livemint.

14.08 / 02:27

UPS Manufacturing Action Mobile Shell North Korea's Kim Jong Un directs surge in missile production ahead of US-South Korea drills

AP, this action comes shortly before the commencement of the annual joint military exercises between South Korea and the US, exercises that North Korea perceives as practice for an invasion. Kim's efforts to increase weapons production coincide with U.S.

14.08 / 01:59

Lowe's Manufacturing Vodafone Stocks in news: ONGC, SpiceJet, Adani Ports, ITC, Divi's Labs, Vodafone Idea

ONGCONGC has reported consolidated net profit of Rs 14,134 crore for the quarter ended June. Revenue from operations dropped 10% to Rs 1.63 lakh crore in the June quarter.SpiceJetShares of SpiceJet will be in focus as the company's board has deferred its meeting to approve first quarter results to Monday.Patanjali FoodsPatanjali Foods Ltd reported 64% year-on-year fall in net profit for the quarter ended June to Rs 878 crore.

13.08 / 20:01

UPS Target Manufacturing Chase Edison track Life-Space co-founder chases $20m for pet-tech start-up

Craig Silbery is turning to man’s best friend for his next venture. The entrepreneur made his money selling probiotic manufacturer Life-Space group to Chinese health supplements giant By-Health for $700 million in 2018, pocketing about $140 million in the process.

13.08 / 19:27

UPS Target Manufacturing show track Economic woes deepen with housing market slump

China's economy is showing little sign of a rebound, with fresh stress in the property market and deflation threatening the growth outlook. Official data on Tuesday will likely show modest gains in industrial output, retail sales and fixed-assets investment in July from a year ago, although growth rates are still well below pre-pandemic levels. Real estate investment probably shrank further, with confidence shaken by a possible default by a major developer and housing sales continuing to fall as well.

13.08 / 18:43

UPS Target Manufacturing Pool Manufacturing majors look to hire more women engineers

JSW group, Tata Power, Vedanta, among others, have. increased their intake of women engineering graduates at the entry level, even as the sector still remains predominantly male dominated.

13.08 / 18:21

UPS Digital Waters Manufacturing stage electronic Tata Projects to focus on building chip factories

MUMBAI : Tata Projects Ltd expects to earn around 20% of its revenue from building factories for semiconductor manufacturing by FY25-26, its managing director, Vinayak Pai, said in an interview. “One of our strong focus areas is design and EPC (engineering, procurement and construction) of state- of-the-art gigafactory for semiconductor and electronics manufacturing. We can leverage our significant experience in electronics and solar panel manufacturing facilities as well as data centres to deliver value to our customers for semiconductor and chip manufacturing," Pai said.

13.08 / 18:13

UPS FIVE Aware Manufacturing Mobile Samsung electronic Samsung to get up to ₹600 cr as phone manufacturing PLI

NEW DELHI : The Union government is likely to disburse up to ₹600 crore to South Korea’s Samsung Electronics Co. Ltd for the first year under the production-linked incentive (PLI) scheme for mobile phone manufacturing, three people aware of the development said. This would be the largest payout ever under the scheme, the first in a series of similar schemes rolled out to incentivize domestic manufacturing.

13.08 / 16:13

COST UPS Provident Fox Manufacturing country US manufacturing sector reaping benefits of reshoring

FOX Business’ Lydia Hu discusses the Reshoring Initiatives efforts to encourage companies to return manufacturing to the U.S.

13.08 / 15:55

Target Manufacturing Walmart Nordstrom Lowe’s show week Top 5 things to watch in markets in the week ahead

Investing.com — Wednesday’s minutes of the Federal Reserve’s July meeting will be closely watched as investors look for guidance on the near-term path of interest rates. Retail sales data and retail earnings will give insights into the health of consumer spending while data out of China is expected to underline concerns over the faltering recovery in the world’s number two economy. Here’s what you need to know to start your week.

13.08 / 15:03

Booking Progressive Manufacturing Near-term headwinds loom for PI Industries after a good Q1

[email protected] Investors in PI Industries Ltd stock are treading carefully. The management’s cautious view on near-term outlook could be one reason. Shares of the company are lower by about 1% in the past two trading days even though June quarter (Q1FY24) results were better-than-expected.

13.08 / 13:43

Manufacturing track end Bond market sees no end to tumult as Fed casts a hawkish shadow

Bloomberg . Even so, some investors have been pouring into the Treasury market, drawn by the higher interest rates and concern that this year’s stock market rally is unsustainable. That’s put US Treasuries on course for a record year of inflows, according to Bank of America Corp.

13.08 / 13:33

UPS Provident Manufacturing Align Enterprise performer Netweb Technologies Q1 Results: Profit declines 9% YoY to Rs 5 crore, revenue drops 13%

Netweb Technologies on Sunday reported a profit after tax of Rs 5.1 crore for the June quarter of the financial year 2023-24. This is a decline of 9.2% from Rs 5.6 crore clocked in the corresponding quarter of last year. On a quarter-to-quarter (QoQ) basis, Netweb Technologies posted a 51.6% decline in profit after tax at Rs 5.1 crore in Q1 FY24 compared to Rs 10.5 crore in Q4 FY23.

13.08 / 12:41

UPS IPO AXY Manufacturing EPACK Durable to raise funds through IPO, files papers with Sebi

₹400 crore and an offer-for-sale (OFS) of 1.3 crore equity shares by promoters, promoter group members, and existing shareholders. Under the OFS, two investor shareholders -- India Advantage Fund S4 I and Dynamic India Fund S4 US1 -- will be offloading shares, apart from promoters. The proceeds of the initial public offering will be used to fund capital expenditure for setting up of manufacturing facilities, payment of loans, and general corporate purposes.

13.08 / 12:41

UPS Manufacturing stage country electronic ACC battery market demand in India to rise to 220 GWh by 2030, says CII report

Ashok Leyland and JCB. Sondhi added, "It is imperative for India to not only strengthen the national battery raw materials and manufacturing set-up but also to become a globally trusted supplier of high-quality, innovative battery materials to counter the Chinese supremacy in the domain." The CII report recommended development of domestic mines as several raw minerals such as cobalt, nickel, and copper have a negligible reserve, production, and refining capacity in the country.

13.08 / 10:33

UPS Manufacturing Mercedes-Benz Toyota Highways Nissan The South is fast becoming America’s industrial heartland

industrial heartland (see map). The shifting of American factories has been years in the making. When Japanese and German carmakers started production in America in the 1980s and 1990s, most chose the South.

13.08 / 10:33

Manufacturing CEO TATA Steel ‘not keen on any new acquisitions’: CEO T V Narendran

Indian market by the year 2030, an increase from its existing capacity of approximately 22 MTPA. The CEO also spoke on the operations of TATA Steel UK and said, "We are (still) engaged with the UK government to find a solution.

13.08 / 08:25

UPS Provident Manufacturing Rural growth outpaces urban demand, trend to continue over next 6 months: Pidilite MD Bharat Puri

Rural growth, which was lagging after the pandemic, has outpaced urban demand and this trend is likely to continue over the next six months led by a good monsoon, Pidilite Industries Managing Director Bharat Puri said. Moreover, as the inflationary pressure cools down after two years of volatility, Puri said now he sees 'stability' in input prices, which is providing him with a lot more elbow room to invest back into the marketplace.

13.08 / 08:17

COST UPS Manufacturing awards show Department Energy Department announces largest-ever investment in 'carbon removal'

The Department of Energy announced Friday it is awarding up to $1.2 billion to two projects that promise to remove carbon dioxide from the air in what officials said was the largest investment in “engineered carbon removal” in history

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