Manufacturing Financial News

04.08 / 17:56

UPS Manufacturing Fighting Enterprise show performer dividend Carl Icahn’s Co. Slashes Dividend in Half on Activist Pressure; Stock Down 30%

Carl Icahn made a multibillion-dollar fortune as an activist investor, bullying companies into changing their businesses. Another activist has now forced him to do the same. Icahn Enterprises, which says it offers small investors a chance to “invest alongside the iconic Icahn," said Friday it was cutting its dividend in half to $1 a share, the first reduction since 2011.

04.08 / 17:56

Manufacturing Mobile stage SC dismisses Oppo appeal against Delhi HC verdict

MUMBAI : The Supreme Court on Friday dismissed a petition by Guangdong Oppo Mobile challenging a Delhi Court order that directed the Chinese smartphone maker to deposit 23% of the amount paid towards “royalty"under a 2018 licensing pact for alleged infringement of the Finnish company’s (Nokia) three standard essential patents in cellular technology. While the top court allowed Oppo three weeks to comply with the high court order, it held that there was no justification to intervene at this stage. India comprises 23% of Oppo’s global sales.

04.08 / 16:13

UPS Provident Manufacturing Entertainment country star From the outside looking in

report about that meeting. And for perspective on why India stands to gain from better relations with Sri Lanka, here's a sharp Snapview. The little else that I have to report back is that the food and tea continue to be sublime.

04.08 / 16:03

Provident Reuters Manufacturing Landmark awards show country Lobby US should extend EV tax benefits to Vietnam, says business lobby

By Simon Lewis and David Brunnstrom

04.08 / 15:11

Provident Target Coca-Cola Manufacturing Apple performer track Holdings Berkshire Hathaway Earnings: Buffett's Top Holdings Hint Positive Q2 Performance

Warren Buffett and Charlie Munger's legendary investment behemoth Berkshire Hathaway (NYSE: BRKa) (BRKb) is poised to reveal its second-quarter 2023 earnings performance during the upcoming weekend, potentially shaping the overall market performance next Monday.

04.08 / 13:21

COST MET Manufacturing Parke show country India still heavily reliant on China for life saving drugs despite PLI booster: Report

India’s overall pharma imports, bulk drugs continue to contribute 55-66 per cent and dependency on China for the same is expected to remain high in the coming years, report from CareEdge showed on Friday. The report revealed that India's 43 per cent of total pharma imports are from China, indicating a heavy dependency and raising concerns due to the on-going geopolitical tensions between the two Asian countries. «The contribution of bulk drug imports from China has exhibited significant growth in both value and volume terms, increasing from 64% and 62% during FY14 to 71% and 75% during FY23, respectively,» the report said.

04.08 / 10:21

Manufacturing Remark performer Positive Breakout: IRCTC, Eicher Motors, 3 other stocks cross 200-day SMA

stock market continues to witness intriguing movements as some stocks have demonstrated remarkable growth by crossing their 200-day Simple Moving Average (SMA) on August 3. Companies like Metropolis Healthcare, Indian Railway Catering And Tourism Corporation, Indiabulls Real Estate, Eicher Motors, and TTK Prestige showcasing strong performance in their respective sectors. Let's explore the performance of these stocks.

04.08 / 10:21

UPS IPO Manufacturing Enterprise band country Concord Concord Biotech IPO: Check subscription status, GMP and other details

Ahead of the IPO, the company has raised Rs 465 crore in the anchor round, which saw participation from marquee foreign and domestic institutional investors, including The government of Singapore, Abu Dhabi Investment Authority, Government Pension Fund Global, UTI Mutual Fund, DSP Mutual Fund, SBI Life among others. Concord, which is backed by Quadria Capital Fund and Rakesh Jhunjhunwala's Rare Enterprises, is one of the leading global manufacturers of select fermentation-based APIs (F-APIs) across immunosuppressants and oncology with a market share of over 20% by volume in 2022. The IPO is completely an offer for sale of 2.09 crore equity shares up, aggregating up to Rs 1,551 crore.

04.08 / 09:47

Progressive Manufacturing show concert rock Jewellery India has the potential to become the world’s market in jewellery: Titan’s CK Venkataraman

jewellery and has potential to become the market for the world, CK Venkataraman, MD, Titan Company, said that all the circumstances are in the country’s favour. “It is what the industry can shape into.

04.08 / 09:29

COST FIVE Manufacturing Vodafone country Top 5 Smallcap Stocks to Watch Out for as India's 5G Revolution Begins

rollout of 5G networks in terms of districts. 5G networks have been rolled out in 717 districts across the country as of 7 July 2023. So far, Reliance Jio and Bharti Airtel have aggressively rolled out the network while Vodafone Idea has been struggling to raise funds.

04.08 / 08:49

UPS Lowe's Booking Manufacturing Platform Strategy How can corporates use the ETCD platform to hedge their forex? Gaurang Somaiya explains

«We are expecting that this low volatility could still continue. So, there has been this tussle which has been going on between the bulls and the bears,» says Gaurang Somaiya, MOFSL.First thing I want to ask about is the volatility in rupee which is at a multi-month low. Now, this is making Indian corporates a bit complacent in terms of the hedging in their currency. Is that what you are seeing? What is your understanding here?Yes, we are seeing a bit of complacency coming in from these Indian corporates and as you correctly mentioned that yes, volatility has been at a multi-year low actually.

04.08 / 08:23

Manufacturing Apple Samsung country electronic Apple, Samsung stop India laptop imports after sudden curbs: Report

Apple Inc., Samsung Electronics Co. and HP Inc. are among the biggest names freezing new imports of laptops and tablets to India after the South Asian country abruptly banned inbound shipments without a license.

04.08 / 07:49

Lowe's Booking Manufacturing small-cap Penny Small-cap stock below ₹5: Penny stock jumps after this order book update. Do you own?

Small-cap stock below ₹5: Vikas Ecotech shares have been in uptrend since early morning deals. Vikas Ecotech share price today opened flat but soon attracted buying interest by Indian stock market bulls.

04.08 / 07:45

UPS Manufacturing Action Mobile electronic Why govt banned imports of Laptops, computers? How will it help india? Here are all the answers

The action may reduce inbound shipments of these commodities from China and Korea. Importers of these commodities would now be required by the government to get authorization or a license for their inbound shipments. As per government officials, the limitation will allow India to acquire such gear only from «trusted partners.» What does the ban on import of Laptops mean?Companies would now be required to obtain an import license under the new laws.

04.08 / 06:31

UPS Reuters Citizens Manufacturing show electronic week Dixon Technologies shares jump 17% in 2 days, hit 52-week high on ban on import of laptops, tablets, PCs

Dixon Technologies jumped 17% in the last two trading sessions on BSE after the government restricted imports of electronic items such as laptops, tablets and personal computers. Meanwhile, in Friday's trade, shares of Dixon Technologies surged 8.4% to hit a new 52-week high of Rs 4,813 on BSE. In its notification, the Directorate General of Foreign Trade (DGFT) restricted the import of laptops, tablets, all-in-one personal computers and ultra-small form factor computers and servers.

04.08 / 05:53

UPS Siemens Manufacturing Cummins electronic Expect further downgrades to earning expectations in IT sector: Sandip Sabharwal

Sandip Sabharwal, asksandipsabharwal.com, says “there will be further downsides to earning expectations in IT because the earning expectations of analysts are still too high for this sector. We need to monitor this sector as to when we want to buy into it. Right now, I do not think it is the time to buy into it.

04.08 / 03:53

UPS Manufacturing performer cover electronic India reviews production incentive scheme amid overhaul push - source

India's top bureaucrat reviewed a production-linked incentive scheme on Thursday amid a push from industry for faster payouts to improve the programme that aims to boost investment in manufacturing, a government official said. The scheme is crucial to boosting the broader Indian economy which has been starved of private investment for nearly a decade and is struggling to create adequate jobs, particularly in manufacturing.

04.08 / 02:35

IPO Booking Manufacturing band Concord NOT Concord Biotech IPO opens today: GMP, review, other details. Apply or not?

Concord Biotech IPO: The initial public offering (IPO) of Concord Biotech Limited has opened today for subscribers and it will remain open for bidders till 8th August 2023. The public issue aims to raise ₹1,551 crore and the book build issue is completely offer for sale (OFS) in nature. The bio-pharma company has fixed Concord Biotech IPO price band at ₹705 to ₹741 per equity share.

04.08 / 02:23

Manufacturing Google Remark awards film Celebrity exclusive Google Doodle honours Altina ‘Tina’ Schinasi; American artist, designer known for ‘cat-eye’ frames

Also read: Google Doodle celebrates Women's Fifa World Cup 2023 The idea for her iconic "cat-eye" eyeglass frames took root during her tenure as a window display designer. Observing that women's eyeglasses were limited to round and mundane designs. Inspired by the distinctive shapes of Harlequin masks worn during Venice's Carnevale festival, she crafted pointed and stylish frames that accentuated the wearer's face.

04.08 / 01:19

COST Lowe's FIVE Manufacturing country No merger, Sanghi to stay listed for now: Karan Adani

The Adani Group, which announced the acquisition of Gujarat-based cement maker Sanghi Industries on Thursday, plans to increase its overall cement manufacturing capacity to 140 million tonnes in the next five years. Karan Adani, director, Ambuja Cement, told ET's Deborshi Chaki and Nehal Chaliawala in an interview that the group is open to more acquisition opportunities. Edited excerpts:How did this deal come about? There are three unique things about this company.

04.08 / 00:59

UPS FIVE BLOCK Manufacturing Strategy performer Blackstone sets its sights on buying out Hamieds from Cipla

Blackstone, the world’s largest private equity fund, is set to submit a non-binding bid as early as next week to acquire the entire 33.47% promoter stake in Cipla, India’s third-largest generics company by revenues, said people in the know. This will formally start a process which could see the eventual exit of the Hamied family from the company they created in 1935, and which has often been seen as a crusader against Big Pharma’s pricing strategies in emerging markets on account of its championing of affordable drugs. The move by Blackstone, if it comes about, will also trigger an open offer for an additional 26% of the company.

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