Manufacturing Financial News

31.07 / 18:17

Manufacturing country medicines Bar codes must for top 300 medicines

New Delhi: In order to weed our spurious drugs and medicines, India’s apex drug regulator has called for strict implementation of bar codes or QR codes on top 300 medicine brands such as Allegra, Shelcal, Calpol, Dolo, and Meftal Spas among others from Tuesday. The Drugs Control General of India (DCGI) has directed the pharma companies to strictly follow the new regime failing which stiff penalties will be imposed.

31.07 / 17:41

Provident Manufacturing settlement US asks Supreme Court to delay Purdue Pharma bankruptcy settlement

By Dietrich Knauth

31.07 / 17:19

Lowe's Manufacturing Pool awards Samsung country Minimum capacity may be cut for battery storage PLI

NEW DELHI : The government is considering lowering the minimum capacity threshold for bids under a fresh round of the production-linked incentive (PLI) scheme for advanced chemistry cells (ACC) that are used for battery storage and are key to the electric vehicle ecosystem. The government is looking to allocate 20 GWh (gigawatt hour) capacity to new participants in the scheme, and held consultations last week with a diverse set of firms that included Panasonic, Minda Corp, Ather Energy, Maruti Suzuki India Ltd, Tata Motors’ Agratas, NTPC and M&M.

31.07 / 17:19

Waters Manufacturing FSSAI cracks down on use of chemicals, pesticides in vegetables

NEW DELHI : The Food Safety Standards Authority of India (FSSAI) has directed all states and union territories to intensify surveillance of fresh produce due to mounting concerns over high concentrations of harmful pesticides and chemicals in vegetables and fruit sold in markets. Excessive amounts of chemical are used to prolong the shelf-life of fresh fruit and vegetables, prompting the food regulator to intensify the monitoring of businesses involved in trading, re-packaging, manufacturing and selling fresh produce.

31.07 / 17:19

UPS Digital Manufacturing Racing Microchip country Success with chips will take much more effort

Data may or may not be ‘the new oil,’ but advanced microchips for digital devices are in geopolitical focus as the Indo-Pacific witnesses a contest of glares between China and the West over Taiwan, whose grip on the manufacture of these prized inputs has pushed both sides into a race for supply security. Globally, cutting-edge semiconductors are seen to underlie the current path of tech evolution. India’s effort to break into this field has faced setbacks like a proposed Foxconn-Vedanta venture coming apart, but Prime Minister Narendra Modi has signalled the government’s determination.

31.07 / 17:19

COST UPS Progressive Manufacturing After dull Q1, Exide recharges plans with lithium-ion progress

₹4,073 crore. Ebitda margin expanded by 70 basis points to 10.6%, but recovery was slower-than-expected due to elevated raw material prices. In the near term, the management expects the overall demand scenario across segments to be positive.

31.07 / 16:45

UPS FIVE Manufacturing LinkedIn show White-collar hiring rise in July amid positive domestic economic indicators

white-collar job market showed a significant 18% month-on-month upward movement in July, the highest monthly growth in two years, according to data from LinkedIn and top company job boards. The number of open positions closed with 272,000 in July, up from 230,000 in June, according to data put together by specialist staffing firm Xpheno.

31.07 / 16:41

Manufacturing Battlefield DJI country China curbs exports of drone equipment amid U.S. tech tension

BEIJING (Reuters) -China on Monday announced export controls on some drones and drone-related equipment, saying it wanted to safeguard «national security and interests» amid escalating tension with the United States over access to technology.

31.07 / 16:39

COST Manufacturing Castrol India's second-quarter profit rises 9% on higher volumes

₹13.34 billion. The company focused on increased volumes to drive growth as it expanded its portfolio in the premium auto-care range, Castrol said in a statement.

31.07 / 16:39

Lowe's Booking Manufacturing KEI Industries Q1 revenue rises to ₹1,790.90 crore

KEI Industries Limited on Monday reported a revenue at ₹1,790.90 crore for the first quarter ended June 30, 2023, as compared to ₹1,568.94 crore a year ago. Its sales for the June quarter of fiscal year 2024 stood at ₹1,782.57 crore as compared to ₹1,565.41 crore a year ago.

31.07 / 14:31

UPS Manufacturing Mobile country electronic Government initiatives boosted electronics production, exports: MoS IT Rajeev Chandrasekhar

Electronics exports grew nearly by 400% since 2014 — from Rs 38,263 crore in FY15 to Rs 1,89,934 crore in FY22-23 — suggest numbers presented by minister of state for electronics and information technology Rajeev Chandrasekhar in Rajya Sabha. Electronics production, too, grew at over 300%, from Rs 190,366 crore in FY15 to Rs 825,000 crore in FY23.

31.07 / 14:31

Manufacturing CEO Software country Paytm Chief Vijay Shekhar seeks PLI scheme for payment devices

Fintech company One97 Communications, which operates under the Paytm brand, wants the government to bring payment segment devices under the production-linked incentive scheme to boost local production, a top company official said on Monday. Paytm founder and CEO Vijay Shekhar Sharma said the company has started manufacturing soundbox devices in India even though local production attracts higher taxes compared to imported ones. While announcing the launch of two new models of payment soundboxes, Sharma said that India is a services-dominated country and there is a need to go towards manufacturing for job creation.

31.07 / 13:49

FIVE Manufacturing CEO NVIDIA Intel show China’s Tech Distress Grows as U.S. Chip Sanctions Bite

China’s tech sector is showing the strain from last year’s sweeping U.S. export restrictions, which seek to stall Beijing’s ambitions in cutting-edge industries such as artificial intelligence and supercomputing. Semiconductor imports to China are falling.

31.07 / 13:23

COST Provident Lowe's Manufacturing ADP show U.S. Stock Market Rally Threatened by Rising Treasury Yields

This week will feature a ton of economic data that will likely reveal that the job market remains strong and the economy remains robust. Initial jobless claims have consistently decreased in the past few weeks, and the Indeed job openings have increased in July.

31.07 / 13:23

UPS Provident NASDAQ DOW Manufacturing Apple open Wall St set to open higher, eyes monthly gain on U.S. soft landing hopes

By Johann M Cherian and Bansari Mayur Kamdar

31.07 / 12:53

FIVE Manufacturing Assurant Strategy Align stage cover foreign NOT IMF packages, foreign bailouts will not suffice to keep Pakistan economy afloat: Report

IMF agreement has prevented Pakistan from going into default, at least temporarily, it has also set off a vicious cycle that has happened a few dozen times before in the nation's history, reported The Diplomat. Saudi Arabia made a USD 2 billion deposit into the State Bank of Pakistan (SBP) after the IMF agreement, and the UAE had already committed to making a USD 1 billion contribution.

31.07 / 12:29

UPS Citizens Manufacturing Fighting show country Small Investors Are a Big Problem in China

China’s 200-million-strong army of individual investors has turned away from the stock market. The country’s benchmark CSI 300 index lost around a fifth of its value last year, and has risen much less than major indexes in the U.S., Japan and elsewhere in 2023. That is creating a sense of despair among the office workers, civil servants and other ordinary citizens who are responsible for the bulk of trading in China’s stock market.

31.07 / 12:27

UPS Citi Provident Manufacturing country cover social Mexico's 'super peso' puts squeeze on US remittances

By Lizbeth Diaz and Noe Torres

31.07 / 12:27

COST UPS Lowe's Manufacturing RIG show country week Commodities Week Ahead: After July, OPEC Will Fight to Keep Oil Up

Scoring the biggest gain for oil in 18 months is one thing; keeping it going is another. That’s what OPEC will attempt this week as the world’s biggest crude producers sit again to strategize how to manipulate the market their way, as top importer China continues to show signs of economic weakness.

31.07 / 12:27

UPS Target Reuters Manufacturing show performer Italy GDP unexpectedly shrinks in blow to Meloni

By Antonella Cinelli and Giuseppe Fonte

31.07 / 11:45

UPS Provident Booking Manufacturing Nissan Inside Customers Nissan announces free monsoon check-up camp for its customers: Details inside

Nissan and Datsun vehicles across India to get free check-up of their vehicles. Customers can book a service appointment for the camp through the NissanConnect app or Nissan India website.

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