Manufacturing Financial News

08.08 / 10:55

UPS Manufacturing Action Import ban: How govt plans to check laptop, PC price hike

Additionally, the government emphasized that overseas players and domestic suppliers possess the capacity to manufacture these devices in India, which could be put to use. Companies will have the freedom to import as much as they require from multiple locations, without any caps on quantities.

08.08 / 10:23

UPS Progressive Manufacturing Strategy Govt sets up task forces to drive decarbonization, quality enhancement in steel industry

New Delhi: In a move towards a greener and more sustainable future for the steel industry, the government on Tuesday announced the formation of 13 task forces comprising key stakeholders such as industry experts, academia, think tanks, scientific and technological bodies, as well as various ministries. These task forces have been tasked with the mission of deliberating on strategies and recommendations to facilitate the decarbonization of the steel sector.

08.08 / 10:15

Manufacturing performer Gland Pharma’s Cenexi acquisition, new launches to help but execution is key

₹887 crore, excluding its recently acquired Cenexi operations. Notably, a rejuvenating US market has greatly benefited the company with a 23% sequential growth in Q1, albeit a decline on an annual basis, driven primarily by new product launches and its existing portfolio. Given favourable market conditions in the US, the company has planned for multiple launches in the coming quarters, including 60 launches and 23-24 product relaunches in FY24, with several applications for complex injectable approvals in the pipeline.

08.08 / 09:47

COST UPS Target Manufacturing show US inflation has steadily cooled. Getting it down to the Fed's target rate will be the toughest mile

Over the past year, inflation in the United States has tumbled from 9% all the way to 3%, softening most of the price pressures that have gripped the nation for more than two years

08.08 / 09:09

COST Manufacturing Remark Fitch performer This is how muted India Inc earnings, US rating downgrade are impacting the stock market

Tata Motors, which had huge losses in the last year’s Q1, the growth normalizes to 20%, which is good enough. However, some recent blue-chip numbers from FMCG, Cement, IT, and Banks are below par, leading to a downgrade in future earnings. However, we need to notice that the total scenario is good, including the mid and small caps.

08.08 / 08:41

Digital Cooper Manufacturing country India to launch BRICS startup forum for collaborations among entrepreneurs: Piyush Goyal

BRICS startup forum this year to facilitate collaboration and share best practices among investors, incubators and aspiring entrepreneurs, commerce and industry minister Piyush Goyal has said. BRICS is a grouping of Brazil, Russia, India, China and South Africa.

08.08 / 08:25

COST Citi Manufacturing CEO electronic Industrial, logistics leasing jumps 35% across 8 cities in Jan-Jun: Report

New Delhi: Leasing activity in India’s industrial & logistics sector surged to 19.1 million sq. ft. across eight major cities during the first half of 2023 (Jan-Jun), marking a substantial 35% year-on-year increase, according to a report by CBRE South Asia Pvt.

08.08 / 08:09

Blockchain UPS Citi FIVE Manufacturing Platform Strategy Indian Indian IT firms likely to recruit around 50,000 freshers in next five months: Report

EdTech platform, major Indian IT firms are gearing up to recruit approximately 50,000 freshers across various job roles encompassing both IT and non-IT sectors nationwide between July-December 2023. The ed-tech platform said that the rapid adoption of digital transformation initiatives, along with, the emergence of new business opportunities in Cloud Computing, Artificial Intelligence (AI), Cybersecurity, and other cutting-edge technologies, has become a catalyst for substantial growth within the IT industry. According to Shantanu Rooj, Founder and CEO, TeamLease Edtech, "Jobs like AI, blockchain, cloud computing, etc are going to lose their 'exotic' tags soon and will become the tools as common as a calculator or a laptop today...

08.08 / 07:51

Provident Manufacturing country WHO warns against India-made contaminated cough syrup supplied to Iraq

New Delhi: The World Health Organization (WHO) has raised an alert over a batch of contaminated cough syrup found in Iraq and manufactured by an Indian drug company. This is the latest in the series of such warnings about substandard medicines from India. The cough syrup, manufactured by Fourrts (India) Laboratories Pvt Ltd and branded COLD OUT, was found to contain unacceptable amounts of contaminants diethylene glycol (0.25%) and ethylene glycol (2.1%).

08.08 / 06:39

Booking Manufacturing Racing Dreams Harley-Davidson Hero share price Hero MotoCorp share price rallies over 4% as Harley Davidson X440 receives over 25,000 bookings

Hero MotoCorp share price rallied over 4% on Tuesday after the company announced it received more than 25,000 bookings for the recently launched Harley Davidson X440. Hero MotoCorp shares gained as much as 4.58% to ₹3,088.00 apiece on the BSE. In a regulatory filing on Monday, Hero MotoCorp, the world’s largest manufacturer of motorcycles and scooters, said that it received 25,597 bookings for the Harley-Davidson X440, since opening the bookings on the July 4, 2023.

08.08 / 06:37

COST McDonald's Manufacturing CEO Beyond Meat revenue plummets in the second quarter due to flagging US demand

Beyond Meat said its revenue plunged 30.5% in the second quarter as consumer demand for its plant-based meat substitute fell despite price cuts

08.08 / 06:37

UPS Provident Cooper Manufacturing Action show country Japan raises concerns over Iran's nuclear enrichment and drone supplies to Russia for Ukraine war

Japan has expressed concerns over Iran’s advancing uranium enrichment program and its suspected supplying of combat drones to Moscow for Russia’s war on Ukraine

08.08 / 06:37

UPS Manufacturing Action shootings track Illinois to ban advertising for guns allegedly marketed to kids and militants

Illinois will soon outlaw advertising for firearms that officials determine produce a public safety threat or appeals to children, militants or others who might later use the weapons illegally

08.08 / 06:11

UPS Manufacturing Maruti Suzuki to issue preferential shares to parent firm Suzuki Motor for Gujarat plant acquisition

Also Read: Maruti Suzuki plans to add 28 different models in next seven years Maruti Suzuki's board approved the issuance of equity shares to the SMC on Tuesday. The company said that the decision would be subject to applicable regulatory and statutory approvals, as may be required. After the acquision, SMG will become a wholly owned subsidiary of Maruti Suzuki.

08.08 / 05:33

Booking Manufacturing Harley-Davidson Persona show performer Hero ‘Overwhelming response’: Hero Motocorp receives more than 25,000 bookings for Harley Davidson X440

Hero MotoCorp, the world’s largest manufacturer of motorcycles and scooters, has received 25,597 bookings for the Harley Davidson X440, since opening the bookings on the 4th of July, 2023. The booking window has now been closed, and the new booking window will be announced soon. Hero MotoCorp will start production of the Harley-Davidson X440 in September 2023 and commence customer deliveries from October onwards.

08.08 / 05:25

Manufacturing Maruti Suzuki approves issue of shares to Suzuki Motor Corp

Maruti Suzuki Tuesday said its board has approved issue of equity shares of the company on preferential allotment basis to Suzuki Motor Corporation (SMC), as consideration for the acquisition of a 100% stake of SMC in Suzuki Motor Gujarat Private Limited (SMG). This will be subject to applicable regulatory and statutory approval(s), as may be required, including requisite approval of shareholders.

08.08 / 05:05

UPS Siemens Manufacturing Time We may see a time correction or a price correction in short term: Sridhar Sivaram

«So, for the US, I do not see it going below 2, at least in the next 6 to 8 months. And even for us to go below 4, I do not see it almost for a year,» says Sridhar Sivaram, Enam Holdings.How would you paint the scenario for us?Our broad view for the market is that in the short term, we could see a time correction or maybe a price correction more from the fact that the macro data, both in the US and in India, especially on the inflation side, is still looking a bit sticky. So, for the US, I do not see it going below 2, at least in the next 6 to 8 months.

08.08 / 04:29

COST UPS Siemens Manufacturing Racing Discover Wind 'Turbinegeddon' is a troubling climate omen

Siemens Energy AG’s woes stem chiefly from technical issues with a new generation of onshore wind turbines. Wind power is vital to cutting carbon emissions, and the industry has raced to launch bigger and more powerful machines. But the Siemens Gamesa wind business moved too fast and has now discovered abnormal vibrations arising from blades and bearings which may have to be replaced.

08.08 / 04:05

COST UPS Manufacturing Dreams etmarkets ETMarkets Smart Talk- Global macro, FII flows among top 5 factors that will drive markets: Kedar Kadam

market declines,” says Kedar Kadam, Director — Listed Investments, Waterfield Advisors. In an interview with ETMarkets, Kadam said: “We expect the momentum to continue in small & midcaps though we suggest investors be selective and avoid the FOMO factor in picking stocks at the current market levels” Edited excerpts: We are seeing some nervousness at record highs for Mr Market. How do you see things moving – have we hit the top for the moment? When you are in your nervous 90’s, expect bouncers and choose your shots carefully.

08.08 / 04:05

COST UPS Reuters Manufacturing Platform Gap India bars makers of military drones from using Chinese parts

India in recent months has barred domestic manufacturers of military drones from using components made in China over concerns about security vulnerabilities, according to four defence and industry officials and documents reviewed by Reuters. The measure comes amid tensions between the nuclear-armed neighbours and as New Delhi pursues a military modernisation that envisages greater use of unmanned quadcopters, long-endurance systems and other autonomous platforms.

08.08 / 04:05

UPS Provident BLOCK Digital Manufacturing Should you jump on the manufacturing stocks bandwagon? Jitendra Arora answers

Jitendra Arora, Sr EVP & Fund Manager, ICICI Pru, says in manufacturing, India still has a lot to catch up with a lot of economies and we can see the government providing a lot of thrust on that side with the most recent being the PLI on IT manufacturing. However, these things take time because the first is to move the manufacturing of the end product which will start with assembly then we will start getting the components to be manufactured into India.

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