Manufacturing Financial News

04.08 / 00:59

UPS IPO Provident Manufacturing Mobile Innova IPOs Companies line up IPOs to raise around Rs 8,000 cr in August

IPOs) are lined up to raise nearly ₹8,000 crore in August, according to investment bankers.Companies such as SBFC Finance, Concord Biotech, Jupiter LifeLine Hospitals, TVS Supply Chain Solutions, Balaji Speciality Chemicals, Yatra Online, Innova Captab, Aeroflex Industries, Rishabh Instruments, and Vishnu Prakash R Punglia are likely to launch their maiden public issue this month. The ₹1,551 crore public issue of Ahmedabad-based pharmaceutical firm Concord Biotech will open today for public subscription, while the ₹1,025 crore Mumbai-based non-banking finance company SBFC Finance public issue opened on Wednesday. The mood in the primary market is better now with a strong secondary market, according to bankers.

03.08 / 19:17

UPS Citi FIVE BLOCK Manufacturing performer North Sydney Bus Charters acquired by EV bus outfit

After almost a year on the auction block, Sydney’s largest privately owned coach charter company has been sold to electric bus outfit TrueGreen.

03.08 / 19:15

UPS Waves Progressive Manufacturing classical Fortress ‘Hard for robbers to breach fortress Royal Enfield built’

Eicher Motors Ltd’s motorcycle brand, Royal Enfield, finds itself in the middle of formidable challenges from the alliances formed by Hero MotoCorp and Harley Davidson, and Bajaj Auto and Triumph Motorcycle, in the highly competitive middleweight segment. However, the brand is confident of “enduring" the onslaught when the “fanfare" around the launch of the new products dies down, considering that it has “built a fortress" which will “not be easy for robbers (rivals) to penetrate".

03.08 / 19:15

VISA Aware Manufacturing SENSEX show fall Data recap: Sensex fall, capex, PSU fines, and more

₹10 trillion capex announced in the budget. ₹2,000 crore:That’s the amount of late submission fee the Reserve Bank of India (RBI) has slapped on ONGC Videsh Ltd, Indian Oil Corp. Ltd, GAIL (India) Ltd, and Oil India Ltd for delayed reporting of their overseas investments, Mintreported.

03.08 / 18:45

COST Lowe's Aware Manufacturing Landmark Strategy Enterprise Adani plans $4-5 bn cement bet after Sanghi acquisition

MUMBAI : Adani Group will invest $4 billion-$5 billion to expand its cement capacity to over 100 million tonnes in two years, two people aware of the matter said, on a day the conglomerate made yet another acquisition. On Thursday, Ambuja Cements Ltd, part of Adani Cement, announced the purchase of 57% promoter stake in cement maker Sanghi Industries Ltd at an enterprise value of ₹5,000 crore.

03.08 / 18:45

UPS Digital Citizens Manufacturing country electronic Make in India: Curbs on computer imports

₹17,000 crore production-linked incentive (PLI) scheme for IT hardware to attract makers of laptops, tablets, and other hardware to India. India has also taken several other steps to curb imports from China by introducing quality control orders (QCO). Electronics imports from China was at $27.6 billion in FY23.

03.08 / 18:45

UPS Provident Aware Manufacturing Platform PwC KKR KKR may bid for Zydus family’s clinical research biz Cliantha

MUMBAI : KKR & Co. is weighing a bid for Cliantha Research, the clinical research organization (CRO) owned by Pankaj Patel and family, the promoters of Zydus Lifesciences Ltd, two people familiar with the development said. The asking price for the asset is said to be in the range of $200 million, Mint reported in May.

03.08 / 18:45

UPS Manufacturing Remark show performer Top of the league

emerging markets, up from sixth position. That’s a remarkable jump.

03.08 / 17:39

Manufacturing performer country electronic Domestic demand, investment to drive growth, says Economic Review

New Delhi: The Indian economy will grow on the strength of domestic demand and investment despite a rise in global uncertainties and moderation in global output, the economic review for June released on Thursday said. However, negative cross-border spillovers and adverse global developments can act as a deterrent to achieving the potential high-growth path in the current financial year, the report added.

03.08 / 17:39

Citi Target Manufacturing Mobile Align country India’s GDP to grow at 6.7% till FY31 to touch $6.7 tn, says S&P

New Delhi: S&P Global expects India’s GDP to grow 6.7% annually from FY24 to FY31, catapulting it from $3.4 trillion during the current fiscal to $6.7 trillion in FY31, the rating agency said in a report on Thursday. However, India will face macro challenges in the upcoming decade to turn traditionally uneven growth into a high and stable trend.

03.08 / 17:21

Provident Lowe's Manufacturing Recall Two lots of Tydemy birth control pills are under recall. The FDA warns of 'reduced effectiveness'

Federal regulators are warning consumers that now-recalled lots of the Tydemy birth control pill “may have reduced effectiveness” due to decreased levels of a key ingredient of the product

03.08 / 17:21

Manufacturing Parke Hyundai cover electronic Recall Kia Recall park Hyundai and Kia recall nearly 92,000 vehicles and tell owners to park them outside due to fire risk

Hyundai and Kia are telling the owners of nearly 92,000 vehicles in the U.S. to park them outside because an electronic controller in an oil pump can overheat and cause fires

03.08 / 17:21

UPS Provident Lowe's Manufacturing show Low Weekly Weekly applications for US jobless aid tick up from 5-month low

The number of Americans seeking unemployment benefits rose slightly last week but remained at a historically low level that points to a robust job market

03.08 / 16:43

Manufacturing country Regulator tightens cough syrup test norms

NEW DELHI : The drug regulator has warned cough syrup manufacturers not to send samples of the same batch to multiple government-accredited testing laboratories at the same time. In the event of a drug maker found violating the rules, government labs will not test any of their samples, Drug Controller General of India (DCGI) Rajeev Raghuvanshi warned.

03.08 / 16:43

UPS Manufacturing Mobile show electronic E-way bills 3rd highest in July despite rain-led disruptions

NEW DELHI : Electronic permits for goods shipments within and across states—the so-called e-way bills—inched up to 87.95 million in July, up from 86 million in June, suggesting continued momentum in economic activity in spite of heavy rains disrupting mobility in parts of North India. The number of permits raised in July under the GST regime for goods movement is the third highest on record, e-way bill data shows.

03.08 / 16:11

Provident FIVE Manufacturing Action track cover compensation Six years of GST: Compensation cess still needs to be sorted out

GST) marked its sixth anniversary. I wrote a five-year review last year (Mint, 1 July 2022), commending its compliance simplification after a bad start. I also strongly proposed universal access to the Reverse Charge Mechanism (RCM) to help resurrect informal manufacturing and services.

03.08 / 16:11

FIVE Manufacturing Matrix country electronic Latin Infinix says looking to increase offerings in mid, mid-high price segments in Indiaa

PTI, he emphasised India's position being “right at the top" of the company's country matrix. Infinix, which operates in the sub- ₹15,000 segment, introduced gaming smartphones in the mid-premium segment at a price of ₹17,999 in India. “There is a noticeable absence of distinct offerings in terms of both design, innovation, and seamless experience in the smartphone gaming arena.

03.08 / 15:23

Target Manufacturing Support Financial China's central bank to guide more financial resources to support private sector

BEIJING (Reuters) — China's central bank governor pledged on Thursday to guide more financial resources towards the private economy, suggesting refreshed urgency from Beijing to bolster the confidence among private firms as economic momentum weakens.

03.08 / 14:37

Target Manufacturing Kellogg guidance Kellogg raises full-year guidance after topping Q2 estimates

Kellogg (NYSE:K) topped second quarter profit expectations and raised sales and earnings guidance when it reported earnings before the open on Thursday.

03.08 / 14:37

UPS Lowe's Reuters Manufacturing show services US services sector slows in July while prices pick up, ISM survey shows

WASHINGTON (Reuters) — The U.S. services sector slowed in July, but businesses faced higher prices for inputs as demand continued to hold up, suggesting a long and slow road to low inflation.

03.08 / 14:33

Waters Manufacturing performer country Consumption India’s stainless steel consumption grew by 10% in FY23

New Delhi: Stainless steel consumption in India grew by nearly 10% during the past fiscal year, reaching 4 million tonne, as per data unveiled by the Indian Stainless Steel Development Association (ISSDA). Data released by the industry body indicates that India's per capita stainless steel consumption advanced from 2.5 kg to 2.8 kg, driven by heightened demand for the eco-friendly metal in sectors such as Railways, process industries, and ABC (architecture, building and construction).

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