Manufacturing Financial News

«I have been very constructive on software for a while now. And the underlying hypothesis is the fact that we generally believe that inflation was always a supply side problem,» says Nirav Sheth, Emkay Global Financial Services.Let us start with technology then. Do you think technology space has bottomed out or not yet? I have been very constructive on software for a while now.

Renault Nissan Automotive on Thursday said it has crossed 25 lakh unit production milestone at its Chennai-based manufacturing plant. The plant is spread over 600 acres and caters to both domestic and export market requirements for Renault and Nissan.

₹947 on NSE, reflecting a steep jump of 89.4 per cent as against the issue price On BSE it debuted at ₹942.5 apiece, 88.5% higher. Netweb Technologies IPO opened for subscription on Monday, July 17, and ended on Wednesday, July 19. The company has fixed the price band at ₹475 to ₹500 per equity share for the proposed initial public offer.

inflation and growing evidence of an economic downturn pull policymakers in opposing directions. Fighting off a historic surge in prices, the ECB has lifted borrowing costs by 4 percentage points since last July and essentially promised another quarter-point increase this month, making the outcome of Thursday's meeting a near-certainty.

Foldable smartphones in India will grow at over 65 percent year-on-year while the foldable segment and Samsung will have an edge due to its brand salience and market stewardship, CyberMedia Research (CMR) Industry Intelligence Group Head Prabhu Ram was quoted as saying by news agency PTI. The Galaxy Z Flip 5 has two models.

Samsung will be making its latest foldable smartphones locally in India, serving a growing base of premium smartphone users, and pursuing an aggressive market strategy with presence across 10,000 retail stores to tap into the hinterlands, senior executives of the company said. «The new devices were made possible because of world class R&D and manufacturing capabilities, especially in India. I am happy to announce that both the Galaxy Z Flip5 and Z Fold5 will be manufactured in our Noida factory in India,» Samsung Southwest Asia CEO, JB Park said. Park added that Samsung is the fastest growing smartphone brand in the premium segment in India. «More and more Indians are looking to upgrade to premium devices,» he said. Now in its fifth iteration, the latest foldables that includes the Samsung Galaxy Z Flip5 and ZFold5 comes with incremental upgrades such as a faster processor, thinner and lighter body, and a brighter display.

Indian stock market witnessed a blockbuster rally as both the Nifty 50 and BSE Sensex reached all-time highs, not once but thrice. The Nifty 50 traded near 19,300, while the Sensex surpassed 65,000 by the end of the month. This impressive performance was driven by strong inflows from foreign institutional investors (FIIs), robust corporate balance sheets, moderating inflation, and positive expectations for economic growth buoyed by anticipated normal monsoon conditions.

(Corrects day in paragraph 1 to «Thursday» from «Friday», and dateline to July 27)

Investing.com — Most Asian stocks rose on Thursday as appetite for risk-driven markets was boosted by the Federal Reserve raising interest rates as expected and downplaying the prospect of a U.S. recession this year.

PLI) scheme for chemicals and petrochemical sector, said union finance minister Nirmala Sitharaman on Thursday. Sitharaman also said that the country has set its sight on becoming energy independent by 2047 and achieving net zero by 2070. «Net Zero can’t be achieved unless each industry and sector contribute to it.

Cipla share price rallied more than 8% in the early trade on Thursday after the pharma company reported robust earnings for the first quarter of FY24. Cipla shares jumped as much as 8.82% to ₹1,163.00 on the BSE. Drug major Cipla posted a 45.1% rise in its consolidated net profit in Q1FY24 at ₹995.7 crore as compared to ₹696.4 crore in the corresponding quarter of the last year.

The Federal Aviation Administration says it's giving manufacturers more guidance on safety information that they must disclose when seeking certification of new large planes

Advocates for the self-driving vehicle industry are asking Congress to expand their ability to test and eventually sell autonomous cars and trucks

A military court in Moscow has sentenced a dual Russian-Ukrainian citizen to 22 years in a penal colony for blowing up a railroad track last summer allegedly at the behest of Ukraine

Food manufacturers who deliberately add sesame to their products and include it on their labels are not violating a new federal allergy law

Pankaj Murarka, Founder, Renaissance Investment, says “the rise in stock prices across smallcap indices has been pretty sharp over the last few months and it is not a bad idea to reallocate some money from smallcaps to largecaps so as to reduce the risk of the portfolio because all of us know that when markets rise, smallcaps rise much more or much higher than largecaps. But when markets correct, smallcaps also fall much more sharply than largecaps.”How do you see the outperformance of the broader markets? Do you believe that the bull run of 2020 or 2021 post Covid is back once again with the same feel and how do you spot the broader market space?Also, is this the right time to book profits or should one stay invested?There are multiple questions in your one question. So let me address them one by one.

the future of the semiconductor industry in both India and Gujarat," the release further noted. The Semicon India event will be inaugurated by Prime Minister Narendra Modi on July 28 and will attended by delegates from 23 countries.

Investing.com-- Gold prices rose slightly on Thursday after reacting positively to the Federal Reserve’s rate hike in the prior session, with weakness in the dollar offering more breathing room to metal markets.

BEIJING (Reuters) — China's industrial profits extended this year's double-digit pace of declines into a sixth month as waning demand took a toll on companies' profit margins, bolstering the case for additional policy support measures.

Investing.com — The Federal Reserve raised interest rates by a quarter-point on Wednesday, signaling the need to put a further squeeze on elevated inflation after skipping a hike last month.

Foxconn Industrial Internet (FII)'s CEO Brand Cheng and other company representatives met last week with Tamil Nadu Chief Minister MK Stalin and other government officials to discuss the investment in the southern state. FII has shared a plan with state officials to initially invest $180 million to $200 million in the facility, Reuters said citing sources. The Taiwan-based company aims to complete the plant by 2024, with further investments expected afterward.