Manufacturing Financial News

28.07 / 13:53

COST UPS Manufacturing guidance CNH profit rises on strong equipment demand, shares down as guidance held

By Bianca Flowers

28.07 / 13:53

UPS Reuters Manufacturing show Canada economy up 0.3% in May, most likely down 0.2% in June

OTTAWA (Reuters) — Canada's economy grew by 0.3% in May, in line with expectations, as demand for services overshadowed the impact of raging wildfires on the energy sector, Statistics Canada data showed on Friday.

28.07 / 13:51

Reuters Ford Manufacturing country exclusive BYD tells India partner to table $1B EV investment plans

According to an exclusive report from Reuters on Friday, BYD (SZ:002594), China's top automaker in terms of sales, has communicated to its joint venture partner, Megha Engineering and Infrastructures, that they will be putting on hold their intentions to invest $1 billion in constructing electric cars in India. The decision came about after their investment proposal underwent careful examination by authorities in New Delhi, as revealed by two individuals familiar with the matter.

28.07 / 13:49

UPS FIVE Manufacturing HON country Taiwan India's most trusted partner in semiconductor plans: Foxconn chairman Young Liu

Foxconn chairman Young Liu on Friday said India and Taiwan could be partners in the development of a robust semiconductor ecosystem in India. Speaking at the Semicon 2023 in Gandhinagar, Gujarat, Liu said that he was optimistic about the direction and the roadmap of India's semiconductor plan.

28.07 / 13:49

UPS Manufacturing HON Vedanta to roll out first made-in-India chips within 2.5 years: group chairman Anil Agarwal

Vedanta Group is in talks with three different partners to set up a semiconductor foundry, a packaging and testing unit and a chip designing unit, the group's chairman Anil Agarwal said. Speaking to reporters on the sidelines of the Semicon 2023 event in Gandhinagar, Gujarat, Agarwal said that the company was looking to roll out the first made in India chips within the next two-and-a-half years.

28.07 / 13:33

UPS Provident Manufacturing Auburn show country Executive executive order Biden will sign an executive order in Maine encouraging new inventions to be made in the US

President Joe Biden plans to sign an executive order to encourage companies to manufacture new inventions in the United States

28.07 / 13:33

Citi Provident Man Manufacturing Action Hudson New York City crane collapse linked to company and operator with history of safety violations

As authorities continue to investigate a crane collapse that rained thousands of pounds of steel debris onto a busy Manhattan street, the owner and operator of the failed crane are facing scrutiny over past safety failures

28.07 / 13:33

UPS Manufacturing Align country cover electronic Latin Bolivia is the latest South American nation to use China's yuan for trade in challenge to the dollar

Bolivia is using the yuan to pay for imports and exports, becoming the latest country in South America to regularly use the Chinese currency in a small but growing challenge to the hegemony of the U.S. dollar

28.07 / 12:31

UPS Provident FIVE Manufacturing Assurant Vedanta to invest $5bn in first phase for semicon fab, comfortable in debt position: Anil Agarwal

Vedanta will invest $5 billion in the first phase of setting up its semiconductor fab, packaging testing unit and display fab unit, for which capital allocation will be done through a mix of debt and equity, the group’s chairman Anil Agarwal said in an interaction with Mint. “The first phase will be $5 billion. We will take will the structuring because it will be now the main company, and Vedanta has a good cash flow.

28.07 / 12:17

UPS Ford Manufacturing ExxonMobil Chevron Intel fall Intel, Roku and Procter & Gamble rise premarket; Chevron, Ford fall

Investing.com — U.S. futures rose Friday, boosted by Intel's surprising profit ahead of the release of the Federal Reserve's preferred gauge of inflation.

28.07 / 11:39

Manufacturing Gap country Standard India's GDP to reach $6 trillion by 2030: Standard Chartered Research

New Delhi: India's GDP will nearly double in the next seven years to $6 trillion, and per capita income will increase to $4,000 by 2030, Standard Chartered Bank Research said in a report on Friday. India's GDP currently stands at about $3.5 trillion and per capita income at $2,450 during CY 2022.

28.07 / 11:25

Provident Progressive Manufacturing Platform Chemical, petrochemical industry crucial for India’s economy: Goyal

New Delhi: Commerce and industry Piyush Goyal has said that the chemical and petrochemical industry plays a crucial role in India’s economic progress and is expected to continue being a key driver of growth. While addressing the session on ‘FTAs – Connecting the world- Vasudhaiva Kutumbakam- One Earth, One Family, One Future’ at the 3rd Edition Summit on ‘India: Global Chemicals and Petrochemicals Manufacturing Hubs’ (GCPMH 2023), Goyal lauded the contribution of the chemical and petrochemical industry to India’s economy, innovation ecosystem and employment generation.

28.07 / 11:25

COST Provident Lowe's Manufacturing Strategy performer symphony Low 5 fundamentally strong stocks trading near 52-wk low. Can they rebound?

fundamentally strong company with a decent moat is trading near its 52-week low, smart investors know those are great deals. But picking the right stock is tough - how do you determine which ones are likely to rebound? After all, catching a falling knife has many times resulted in steep losses where investors waited for years, only to see their investment value go down even more. Buying the dip is not a simple strategy and requires cautious consideration.

28.07 / 11:23

UPS Manufacturing Nestle Nescafe stage country Nestle investing Rs 4,200 crore by 2025, to set up its 10th factory in Odisha

Nestle India has «strong commitments» for local manufacturing with plans to invest Rs 4,200 crore by 2025, including in its 10th plant in the country at Odisha, its Chairman and Managing Director Suresh Narayanan said on Friday. Nestle India, the maker of popular Maggi noodles, KitKat chocolate and Nescafe, is investing to create capacity as it sees «fairly robust» demand in coming years in the Indian market. «The investments done are fairly significant… till the first half of 2023, about Rs 2,100 crore already been invested on capital investments,» said Narayanan in a media roundtable here.

28.07 / 11:20

UPS Manufacturing CEO TikTok Intel social The overstretched CEO

sanctions. TikTok, a Chinese-owned short-video app, is in the sights of American lawmakers. The Biden administration’s plans to curb outbound investment will encompass private-equity giants and venture capitalists.

28.07 / 11:20

UPS Citi Manufacturing Apple stage country India sets steady path toward local semiconductor industry

semiconductor sector. Prabu Raja, president of the US company’s semiconductor products group, said India is on its way to becoming a major hub for semiconductor packaging and assembly. That should create a solid foundation for the industry, setting the stage for the country to move into more challenging — and expensive — semiconductor manufacturing.

28.07 / 11:12

UPS Manufacturing Gap Micron AMD exclusive Vedanta to tie up with 3 firms for semiconductor biz, first chip in 2.5 years: Anil Agarwal

Vedanta chairman Anil Agarwal on Friday said that the company is in discussions with three firms to have separate tie-ups for foundry, chips and packaging and testing, for its semiconductor unit in India. In an exclusive conversation with Mint, Agarwal said that the tie-ups should happen in a few months.

28.07 / 11:06

Maxim Progressive Manufacturing CEO Micron electronic boost Micron’s investment will boost India’s tech chops and spur economic growth

Job creation and skill development: One of the primary benefits of Micron's investment in India will be the creation of high-value jobs. With its state-of-the-art semiconductor manufacturing facilities, Micron will not only hire top-tier talent but also collaborate with local educational institutions, fostering the development of skilled professionals in microelectronics. This transfer of knowledge and expertise is crucial to nurturing indigenous innovation and allowing homegrown technology companies to flourish.

28.07 / 10:42

UPS Manufacturing Volkswagen Toyota Hyundai Nissan Renault-Nissan set to produce two new electric vehicles: Report

electric vehicle that Renault-Nissan plans to launch in the Indian market remains unclear. However, they already offer an electric version of the Kwid called the Dacia Spring in the global market. The Dacia Spring features a single electric motor generating 44 hp of maximum power in its base variant, and it claims a driving range of 230 km on a single charge.

28.07 / 08:51

UPS Manufacturing Arrow show Billionaire Bastas’ Arrotex posts near 50 per cent rise in profit

Arrotex Pharmaceuticals, the country’s largest generic drug supplier, has recorded a near 50 per cent rise in profits in the year to the end of March as the supply of rapid antigen tests to New Zealand pushed up earnings.

28.07 / 07:37

Digital Manufacturing Strategy Micron AMD country PM Modi invites global semiconductors majors to invest in the country

Prime Minister Narendra Modi on Friday invited global semiconductors majors to come and invest in India and asserted that whosoever comes forward will have a “first mover’s advantage," while speaking at the 'Semicon India 2023' event.PM Modi said that India wants to emerge as a trusted partner for the semiconductor industry and is keen to be a chip supplier for the world. He told investors," You have to develop a chip-making ecosystem for Indians. I believe whosoever comes forward will have a first mover’s advantage." The event was aimed at bringing together global leaders from industry, academia and research institutions.

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