Manufacturing Financial News

IPO) of TVS Supply Chain Solutions will open for public subscription on Thursday. The company has fixed a price band of ₹187 -197 per share for the issue, which will close on Monday.

Bloomberg News purchased a sample of the syrup at a pharmacy in Baghdad in March and arranged a test by an independent Connecticut-based lab, Valisure LLC. Moreover, Bloomberg also reported the test results to the WHO as well as to Iraqi and Indian authorities last month. Last month, according to a test by Bloomberg News said that, the cold medication that was sold in Iraq is tainted with toxic chemicals.

NEW DELHI : Lupin saw its stock prices scale 52-week highs on Monday, helped by an improved earnings outlook. The stock has gained almost 67% since the end of March. New launches in the US during the last quarter and lower competitive intensity in the base business lifted the company’s overall Q1 FY24 performance as it returned to profits compared to loss in the year-ago quarter, adding to confidence.

Avesthagen is aiming to raise $50 million to fund the global commercialisation of its product portfolio and hire senior executives, its founder, Villoo Morawala-Patell, told ET. «I have been playing out of sheer drive and on thin cash, but people have been good to us and we have made it through that. But we need the $50 million to take this global,» Morawala-Patell, who is also the company's managing director, said in an interview.

₹255 crore in FY23 against a net profit of ₹27.8 crore a year earlier, according to its filings with the Registrar of Companies. The growth was driven by a cost efficiency drive, including strategic pricing adjustments to mitigate the impact of high inflation, it added. The company, which sells Lay’s chips, as well as Mirinda and Tropicana brands of beverages, said its FY23 earnings grew by 28.5% to ₹8,128 crore on the back of higher sales of both food and beverages.

Bajaj Hindusthan Sugar, one of India's largest sugar and ethanol producers, is looking to turn the corner by putting its debt issues behind. In an interview, chairman Kushagra Bajaj told ET's Deborshi Chaki about the group's plans to infuse fresh equity into the business, which will entail zero haircut for the lenders. Edited excerpts:Where are you with your conversations with the lenders of Bajaj Hindusthan to reach a settlement? There was an error of judgment on our part when we defaulted and, by the time we rectified the mistake, the matter had already reached NCLT.

electric vehicle parts, barring EV batteries, to overall auto components supplies to 2.7%, compared to 1% in FY22. India’s EV component sales are dominated by electric two- and three-wheelers, with electric passenger vehicles (four-wheelers) representing just 1.0-1.5% of total EV sales. The auto components segment has been growing at a compound annual growth rate (CAGR) of 4.1% over the last five years.

Reliance Industries Ltd (RIL) said it is committed to double its investment target for green energy to ₹1.5 trillion, as part of the company’s initiatives to expand its renewable energy portfolio. In 2021, RIL announced an investment of ₹75,000 crore to build its new energy business. “Once proven at scale, RIL is prepared to double the investment to scale up its manufacturing ecosystem.

Pfizer manufacturing plant that produced 8% of sterile injectable medicines used by U.S. hospitals. Lobbyists for compounders say they could do more to help with shortages if they had more regulatory flexibility.

₹88 crore for the first quarter ending June 30, 2023. The fertiliser manufacturer posted a net profit of ₹572 crore in the corresponding quarter last year, the company said in a regulatory filing. The total revenue from operation stood at ₹1,652 crore during the period under review, against ₹2,696 crore in the corresponding period of the preceding fiscal.

By Gertrude Chavez-Dreyfuss and Joice Alves

(Reuters) -U.S. trucking firm Yellow Corp filed for Chapter 11 bankruptcy protection on Sunday and said it would wind down, after struggling with a mounting debt load and following tense contract negotiations with the Teamsters Union.

Toshiba has announced a 2 trillion yen, or $14 billion, tender offer in a move that would take it private, as the scandal-tarnished Japanese electronics and energy giant seeks to turn itself around

Profits rebounded at Warren Buffett’s conglomerate along with the value of its $353 billion stock portfolio in the second quarter to hit $35.9 billion

Four new wind farms are being proposed off the New Jersey coast

gut microbiota. These microscopic organisms residing in our digestive tract play a pivotal role in bolstering our immune system and maintaining overall health. Gut microbiota, often referred to as gut flora, is a diverse community of trillions of bacteria.

By Samuel Shen and Tom Westbrook

This association will see Killer’s brand presence on the ground, boosting brand recall and visibility, following on from the exposure the brand registered during Killer Jeans’ stint on the team jersey as the Official Kit Sponsors of the Indian Cricket team until May 31st, 2023 which was stitched together by ITW.KKCL, which has been a listed entity at NSE (KKCL) & BSE (532732) since 2006, is a company that has established themselves as one of India’s leading apparel and accessories manufacturers and proud owner of Killer, Integriti, LawmanPg3, Easies, Desi Belle, Iti and Izel.KKCL, who have achieved the remarkable milestone of 10 Million units sold within one year has an impressive feat of selling a garment every 3 seconds. It is now hoping to further build on this feat and achieve their vision of selling "A-Garment-A-Second" in the near future, with the visibility garnered during the 5-match series which will be played between India and West Indies from the 3rd to the 13th August in 3 venues- Trinidad, Guyana and Lauderhill.Speaking on the occasion, Mr. Hemant Jain, Joint Managing Director – KKCL, said, “With aggressive retail expansion geographically, it's important for us to reach to the maximum audience and we believe that this reach can be achieved with cricket, which has millions of followers that T20 attracts today.

₹1.10 lakh (ex-showroom), Ola is now gearing up to redefine affordability with the upcoming S1X. According to a report by HTAuto, Ola Electric has unveiled a new electric scooter called the Ola S1X. The upcoming scooter is expected to be priced below ₹1 lakh.

The United States and China both have key inflation data this week, with oil bulls looking for a relatively positive outcome on both sides to extend a six-week rally already looking heavy for crude.

New Delhi: The Micro, Small, and Medium Enterprises (MSME) sector in India has continued to demonstrate resilience and growth, as per the latest information received from the ministry of statistics & programme implementation and the Directorate General of Commercial Intelligence and Statistics (DGCIS), said minister of state for micro, small, and medium enterprises, Bhanu Pratap Singh Verma. In a written reply in the Rajya Sabha, the minister said, according to the data presented by the Ministry of Statistics & Programme Implementation, the share of MSME Gross Value Added (GVA) in India’s Gross Domestic Product (GDP) displayed a fluctuating trend over the last three years.