Manufacturing Financial News

11.08 / 13:43

Target Manufacturing Viatris Deal Competition Commission of India clears Kotak-Biocon Biologics deal

CCI has cleared Kotak Special Situations Fund's (KSSF) proposed investment in Biocon Biologics Ltd under the green channel route. In February, KSSF, an arm of Kotak Mahindra Bank, announced a Rs 1,070 crore investment in Biocon to help a subsidiary of the Bengaluru-based company in an acquisition.

11.08 / 13:37

Lowe's Manufacturing show performer electronic India June factory output growth slows to 3.7% from 5.2% in May

New Delhi: India’s factory output growth slowed down to 3.7% in June from a 5.2% rise seen in May, and a 4.5% increase in April, due to weaker manufacturing growth, official data released on Friday showed. Index of Industrial Production (IIP), or the factory output growth, stood at 12.6% in June 2022, mainly due to a lower base effect. “The growth rates over corresponding period of previous year are to be interpreted considering the unusual circumstances on account of covid-19 pandemic since March 2020," said an official statement.

11.08 / 11:55

COST Target Progressive Manufacturing Align show Explainer Mint explainer: Why did RBI revise inflation forecast higher in August policy?

Reserve Bank if India (RBI) revise inflation forecast? Headline inflation projection for Q2 of 2023-24 has been revised higher substantially, primarily due to the price shock from vegetables. Since the last policy in June, inflationary pressures have increased, with headline Consumer Price Index (CPI)-based inflation rising from 4.3% in May to 4.8% in June. Economists are expecting vegetables prices to push headline CPI inflation to above 6% year-on-year (YoY) in July.

11.08 / 11:55

Booking Man Career Manufacturing CEO Celebrity independence day Independence Day: Gritty rags-to-riches stories of Partition refugees

Below are stories of a few of such industrious and brave people who came over from Pakistan during the Partition and built successful businesses from scratch.Dharampal Gulati Mahashay Dharampal Gulati, the king of spices who built MDH, India's leading spice brand, was born in Sialkot, Pakistan, in 1923, and moved to India with his family during the Partition. The old man with a turban and a moustache, who has adorned commercials and packs of MDH spices for decades, became an icon of success in modern India.

11.08 / 11:09

UPS Manufacturing stage electronic PLI scheme: Disbursement to touch Rs 13,000 crore this year, says DPIIT secretary

PLI scheme for certain sectors, the disbursement under the same is expected to touch Rs 13,000 crore this year, Department for promotion of Industry and Internal Trade (DPIIT) secretary Rajesh Kumar Singh said on August 11. It may be noted here that till March 2023, the government disbursed just Rs 2,900 crore out of Rs 3,400 crore claims received under the scheme.

11.08 / 10:03

Manufacturing performer Jindal Worldwide, Nocil, Trident, among 5 counters which crossed 200-day SMA

stock market landscape. Jindal Worldwide, Nocil, Trident, KNR Constructions, Network 18 Media & Investments, and others surged above their 200 SMA, showcasing their strength and resilience in the market. Let's explore the performance of these stocks.

11.08 / 09:57

Provident AXY Manufacturing NIFTY track index Max Life Insurance launches ‘Max Life NIFTY Smallcap Quality Index Fund’: 5 things to know

Life Insurance Company Ltd. (Max Life) has launched the ‘NIFTY Smallcap Quality Index Fund’ in the ULIP segment. This first Smallcap Index Fund of the Life Insurance industry is based on the NIFTY Smallcap 250 Quality 50 Index that has delivered a 22% 10-year CAGR + "We are launching our first-ever Smallcap Index Fund to offer investors a low-cost value proposition.

11.08 / 09:57

UPS Digital Progressive Manufacturing Enterprise stage This is India’s moment: ITC chief

ITC Ltd on Friday said that a progressive policy environment coupled with favourable demographics has helped turn the spotlight on India. “The progressive policy environment together with favourable demographics and India’s growing stature on the world stage, has led to heightened interest in leveraging India as a global hub for manufacturing, services and exports.

11.08 / 09:57

Man Manufacturing Marvell love Features TVS Raider Super Squad Edition launched, inspired by Marvel Super heroes! Check price, features and more

₹98,919 (Ex-showroom- Delhi), and it's accessible at all TVS Motor outlets. As anticipated, the TVS Super Squad Edition featuring Iron Man's graphics is designed in a red and black color scheme, while the version inspired by Black Panther boasts a black and purple color scheme. This marks another collaboration between TVS and Marvel, with previous special editions of their two-wheelers, such as the NTorq 125 scooters, available in four color schemes inspired by Thor, Iron Man, Black Panther, and Spiderman.

11.08 / 09:01

UPS Citi Target Manufacturing show country Government says 18,000 public EV charging stations needed in top nine cities

“As per inputs received from ministry of power, preliminary studies carried out for nine cities having 4 million plus population, namely Delhi, Mumbai, Pune, Ahmedabad, Surat, Bengaluru, Chennai, Hyderabad and Kolkata indicate a requirement of 18,000 nos. of Public EV Charging Stations by the year 2030,” Pandey said. According to a statewise breakup, as of July, Maharashtra had the highest number of EV charging stations followed by Delhi and then Karnataka.

11.08 / 09:01

IPO Booking Manufacturing Citigroup band country Concord Concord Biotech IPO share allotment likely today. Here's how you can check status

Concord Biotech IPO will likely be finalised on August 11. Investors will get shares on a lottery basis and the whole process will be supervised by the registrar. On the allotment date, investors get to know about the number of shares allotted to them as against the bids made.

11.08 / 09:01

Target Digital Progressive Manufacturing Remark stage country India emerges as beacon of growth, to remain fastest growing major economy, says ITC chairman

India has emerged as a «beacon of growth» at a time when the world is grappling with serious issues affecting growth across all major economies, said ITC Chairman Sanjiv Puri. In his address to shareholders in the company's annual general meeting, Puri said the country is buoyed by optimism and deeply engaged in realising that promise, striding on the pathways of clearly enunciated goals and policies.

11.08 / 08:57

COST UPS Coca-Cola Manufacturing country New SPC boss wants a fair go for his baked beans

The new boss of the company behind Ardmona canned tomatoes and Goulburn Valley fruit wants regulators to toughen up country-of-origin labelling so homegrown products can better compete with cheap imports that may have been made with poor labour practices.

11.08 / 08:43

UPS Lowe's FIVE Manufacturing Remark NOT Number of Americans applying for jobless aid rises, but not enough to cause concern

The number of Americans applying for jobless benefits jumped last week, but not enough to cause concern about a still-strong U.S. labor market

11.08 / 08:43

Provident Manufacturing CEO Southern SunPower Solar Singapore solar company plans major US manufacturing plant in New Mexico, pending federal loan

Singapore-based Maxeon Solar Technologies plans to build a major solar panel manufacturing plant in Albuquerque, pending approval of a loan application with the U.S. Department of Energy

11.08 / 08:43

FIVE Waters Manufacturing CEO Southern show EPA weighs formal review of vinyl chloride, toxic chemical that burned in Ohio train derailment

The Biden administration says it could soon launch a formal evaluation of risks posed by vinyl chloride, the cancer-causing chemical that burned in a towering plume of toxic smoke following the fiery train derailment in East Palestine, Ohio

11.08 / 05:39

Manufacturing Platform BMW cover Premium TVS teases its upcoming premium Creon-based e-scooter. All we know so far…

electric vehicle. The imminent electric scooter's specifics are currently limited, but it is speculated that TVS will unveil the production model based on the Creon concept, initially presented at the 2018 Auto Expo. The Creon e-scooter prototype showcased the potential for a high-performance electric scooter that could bring notable advancements to the market segment.

11.08 / 04:47

FIVE Progressive Manufacturing country Peru looks at exporting avocados, fresh grapes, blueberries, gold to India

India and Peru agreeing to resume talks for a free trade agreement, the South American nation is looking to export avocados, fresh grapes, blueberries, and gold to India, Vice Foreign Trade Minister of Peru Teresa Stella Mera Gomez said. She said that technical teams of India and Peru would meet to start talks on modalities and scope of the proposed agreement. The two countries started negotiations for an FTA in 2017.

11.08 / 04:13

Waves Twitter Manufacturing CEO Samsung Xiaomi Xiaomi Mi Mix Fold 3 launch date confirmed. Here's what we know so far

Chinese smartphone manufacturer, has made an announcement on X regarding the official launch date of the Mi Mix Fold 3 foldable smartphone. This highly anticipated device is set to follow in the footsteps of its predecessor. In addition to this innovative foldable smartphone, there are speculations that the company might unveil the Xiaomi Pad 6 Max tablet and the Redmi K60 Ultra smartphone during the same event.

11.08 / 03:37

Provident Manufacturing dividend Dividend Stocks: Bharti Airtel, BPCL, Grasim, among 34 stocks to trade ex-dividend today - August 11

Bandhan Bank, BPCL and Divi’s Laboratories, among 30 others will be in focus on August 11 as they will trade ex-dividend today. The ex-dividend date is the day on which the price of an equity share adjusts to reflect the next dividend payout. Ex-dividend is the day the stock becomes ex-dividend, which simply means it does not carry the value of its next dividend payment from that day forward.

11.08 / 03:37

Manufacturing MSCI Cummins Standard index MSCI Global Standard Index review: HDFC AMC, Ashok Leyland among 8 additions, ACC excluded

HDFC Asset Management Company, IDFC First Bank, Ashok Leyland and Power Finance Corporation Ltd. (PFC), are among the eight stocks that will be included in the MSCI Global Standard Index. The other stocks include REC Ltd, Cummins India, Supreme Industries and Astral, as part of the August Global Standard Index review, effective from September 1, 2023.

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