Manufacturing Financial News

28.07 / 20:29

Target MET Cooper Manufacturing country electronic India and Japan look to collaborate in building semiconductors and resilient supply chains

India and Japan are exploring collaboration in critical and emerging technologies, including semiconductors and resilient supply chains, as part of a target $35.9 billion Japanese investment in the country by 2027

28.07 / 20:20

COST UPS Manufacturing Nestle show Food inflation here to stay, but demand to drive India story: Suresh Narayanan, chairman Nestle India

Food inflation is here to stay, but consumption will be the centrepiece of the India growth story, Suresh Narayanan, chairman of Nestle India, said at a round table on Friday. «Consumption will be the centrepiece of India's GDP growth. We will keep having blips up and down, but companies have to have a different mindset on how to engage with consumers,» Narayanan said.

28.07 / 20:20

UPS FIVE Manufacturing Action stage India-made cough syrup case: Gambia panel suggests legal action against India, drug Co

Gambia government to explore legal action against the Indian government, Maiden Pharmaceuticals and a local drug importer for the deaths of 70 children last year due to kidney injury allegedly caused by India-made cough syrup. «It is safe to conclude, without any qualms, that the deaths of the 70 children below the age of five between July and October 2022 related to acute kidney injury (AKI) are a direct result of contaminated medicines found in four cough and cold syrups imported by Atlantic Pharmacy from Maiden Pharmaceuticals in India,» the task force said in its report.

28.07 / 20:18

COST FIVE Manufacturing Toyota Highways cover US proposes to hike vehicle fuel economy standards to 58 mpg by 2032

By David Shepardson

28.07 / 18:23

Digital Manufacturing Compilation Marvell Inside 6 Best OTGs Under 10000 in India for Fast and Easy Cooking

The most popular OTGs under 10000 may take your kitchen to a whole new level while also being light on your pockets. Here, we have compiled our picks for 6 of the best OTGs under 10000 in India. Read on to choose your favourite.

28.07 / 18:21

COST UPS Manufacturing Align Nestle country Nestlé to raise chocolate, coffee capacities in India

₹4,200 crore by 2025 to expand the manufacturing capacity of its noodles, coffee and chocolates portfolio, the packaged foods company’s India chief said, as it spots opportunities in selling both mass and premium products in the country. “If you look at from 2020 till the first half of 2023, about ₹2,100 crore has already been spent on capital investments. These are in terms of augmentation of manufacturing capabilities.

28.07 / 18:21

UPS Target Progressive Manufacturing Micron AMD electronic India should get two semiconductor proposals within 12 months: Vaishnaw

Edited excerpts: You’ve got nearly $2 billion in investment commitments from AMD, Micron and Applied Materials. What’s the next target? We are already in discussion with many more players. So the next target is within the next 12 months.

28.07 / 18:21

Provident FIVE Manufacturing Software Pool Micron AMD AMD commits $400 mn to expand India R&D

Advanced Micro Devices (AMD), which designs but doesn’t manufacture its own chips, will invest about $400 million in India over the next five years to expand research, development and engineering operations in the South Asian nation, Mark Papermaster, executive vice president and chief technology officer said on Friday. “I am pleased to announce that AMD will invest approximately $400 million in India over the next five years," he said. Making the announcement at the Semicon India 2023 conference, the top executive said that AMD will build a new campus in Bengaluru which will be AMD’s largest R&D facility in the world.

28.07 / 17:45

Manufacturing Assurant Mobile Pool Micron AMD country PM pitches India to chip majors, assures reforms

New Delhi: Prime Minister Narendra Modi pitched India to global semiconductor companies, highlighting its expanding talent pool, favourable tax regime, and financial incentives. Modi urged investors to seize the opportunity to invest in India and assured them that reforms to improve the business environment will continue. “Last year, the question people were asking at Semicon India was why they should invest in India, but in one year, the question has changed to why not invest.

28.07 / 17:45

Digital Cooper Ripple Manufacturing Metro country Deal Jaishankar's BIG reveal on US-India military equipment deal, says 'US hesitated...'

Maruti revolution where it wasn't just the Suzuki car coming in, it wasn't only about a car coming in, it was a way actually for the entire lifestyle, it was a thinking, it was an industrial culture which got changed," he said. "The second revolution was the metro revolution. I think it's had a very profound impact on the urban infrastructure of India," Jaishankar said.

28.07 / 17:31

UPS Aware Manufacturing Tesla BMW Celebrity Tesla execs press for duty cut in meet with govt officials

New Delhi: A delegation of senior Tesla executives, comprising leaders of its public policy, supply chain and business development teams, is visiting India to actively engage with all government stakeholders to gain insights into the market. People aware of the matter, seeking anonymity, said that the representatives held meetings with Piyush Goyal, the commerce and industry minister, to discuss the incentives and benefits for selling its electric cars in India. The officials were also part of the celebrations on the sidelines of the inauguration of the India Trade Promotion Organization complex Bharat Mandapam, organized by the ministry, in the presence of Prime Minister Modi and Goyal.

28.07 / 17:31

UPS Reuters Manufacturing show track country Weekly Oil on track to score fifth straight weekly gain; Brent hovers at $84/bbl-mark

US Federal Reserve and European Central Bank are nearing the end of policy tightening campaigns, boosting the outlook for global growth and energy demand. Brent crude slipped 24 cents to $84.00 a barrel, while U.S.

28.07 / 17:31

COST UPS Manufacturing Mobile lawsuits 5 E2-wheeler cos face lawsuits over FAME-II

₹469 crore in remaining subsidies. The companies willing to return the subsidy amount are electric two-wheeler motorcycle manufacturer Revolt ( ₹24 crore) and Noida-based e-scooter manufacturer Amo Mobility ( ₹83 lakhs). The allegations against the seven original equipment manufacturers (OEMs) are that they flouted the phased manufacturing plan rules laid down in the FAME-II incentive scheme.

28.07 / 17:23

UPS Manufacturing CEO Airlines country Supply chain woes: IndiGo working closely with airframe, engine makers to minimise impact

IndiGo has been experiencing supply chain issues related to the availability of spare engines for its neo aircraft and is working closely with airframe as well as engine manufacturers to ensure there is minimum economic and operational impact, according to its annual report. The airline, which aims to carry 100 million passengers in the current financial year, is also taking steps to prepare its sales and distribution for further international presence.

28.07 / 17:23

UPS MET FIVE Manufacturing country Changes in labour, physical capital and productivity norms can help India hit 8% growth

To assess India's growth potential, we undertook a growth-accounting exercise. Created by Nobel-winning economist Robert Solow in 1957, it breaks down GDP growth into contributions from its basic drivers — labour (workforce adjusted for their skills), physical capital (machines and infrastructure) and productivity. A business-as-usual approach, in which these drivers evolve in line with recent trends, may not make for an exciting future.

28.07 / 16:33

Microsoft NASDAQ Manufacturing Software show AI mentions on the rise in tech earnings calls as recession talk fades

artificial intelligence this earnings season, signaling that companies are increasingly optimistic about a soft economic landing. With nearly half of the Nasdaq 100 firms having reported, executives are less frequently using words like headwinds, inflation, and recession in calls with analysts and investors, according to a Bloomberg analysis.

28.07 / 15:31

COST UPS SEC Manufacturing performer accounting Training How a Common Accounting Rule Leads to More Layoffs and Less Job Training

Financial accounting isn’t always the easiest topic to get fired up about. But that’s a mistake, especially these days. Accounting rules increasingly are driving companies to make bad decisions about how they hire, fire and develop their workforce.

28.07 / 14:55

UPS Booking Manufacturing show country boost France and Spain give euro zone economy a boost before outlook darkens

(Corrects first paragraph to show Spanish resilience, not German)

28.07 / 14:55

Citi Waves Manufacturing Remark Celebrity Auburn cover Biden to tout 'Bidenomics' in Maine as GDP grows, inflation falls

By Jarrett Renshaw and Steve Holland

28.07 / 14:41

UPS Manufacturing Mobile show track week Oil on track for fifth week of gains

By Natalie Grover

28.07 / 14:27

UPS Manufacturing Merit Assurant Parke stage Chemicals-petrochemicals firms must focus on quality, global competitiveness: Mansukh Mandaviya

Chemicals and Fertilisers Minister Mansukh Mandaviya on Friday asked chemicals and petrochemicals players to focus on quality and become competitive in the global market to make India a manufacturing hub. Addressing a summit on 'Global Chemicals and Petrochemicals Manufacturing Hubs in India' here, the minister asserted that India is the best destination for global investments and the industry should encash this opportunity to boost manufacturing. Mandaviya said he has given direction for establishing chemical parks for making India an investment hub and added that «the work is happening in this regard».

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