Manufacturing Financial News

27.07 / 01:01

UPS Manufacturing CEO RAI electronic recovery Discretionary demand on the mend in June-July; cos see full recovery in second half of fiscal year

There has been a further acceleration in demand recovery in July, they added, attributing the pick-up to a slowing in inflation among other drivers. They are confident of a complete recovery in the second half of the fiscal year, as festive season spending kicks in.

26.07 / 23:01

UPS Waves Aviat Manufacturing Airlines performer IndiGo’s Pratt & Whitney woes resurface

In another wave of engine trouble in India, IndiGo, the country’s largest airline, will need to send some of its Airbus A320neo family aircraft using Pratt and Whitney engines for inspection as the US engine maker has suggested accelerated inspection of 600 aircraft worldwide. “We are in receipt of the information from the OEM Pratt and Whitney (P&W) regarding the outcome of the latest inspection of their engine. We are working closely with P&W to assess and minimize any potential impact to our fleet," a spokesperson for IndiGo said.

26.07 / 18:57

COST UPS Manufacturing Intel electronic Elusive quest for semiconductor self-sufficiency

Semiconductors are the life blood of modern electronics, and their demand is increasing exponentially. India, a large consumer of electronics, is importing almost all its semiconductor needs to the tune of $24 billion a year (demand is expected to touch $110 billion by 2030). Massive supply disruption during the pandemic and emergence of virulent geopolitical tensions across the world, is forcing nations to seek self-reliance for accessing this precious commodity.

26.07 / 18:25

COST Aware Manufacturing Fighting show performer Hedge Funds Seek to Cut Off $1 Billion Meant for Opioid Victims

A group of hedge funds is devising a plan to cut off about $1 billion meant to help victims of opioid addiction, opening the way to keep some of the money for themselves. Mallinckrodt, one of America’s largest manufacturers of opioids, last year agreed to pay $1.7 billion to resolve thousands of lawsuits brought by state and local governments and opioid-addicted individuals, who accused the company of helping cause a public-health crisis.

26.07 / 18:25

UPS Lowe's Manufacturing Platform Tesla country Inside Low Tesla eyes Asian mkts with upcoming low-cost model

Elon Musk, is eyeing new opportunities in Asia with its cutting-edge ‘new-gen platform’, which seeks to introduce more budget-friendly compact and sub-compact electric vehicles (EV) that have the potential to drive large volumes across developing Southeast Asian markets. According to Tesla’s Q2 investor deck, it is working on developing its next-generation EV platform across multiple locations. Industry insiders said the new product, which is projected to be priced around $25,000, may debut by 2023-end, although some analysts expect a 2025 launch.

26.07 / 18:13

UPS Digital Manufacturing Vodafone country Telecom gear worth ₹6.9k cr exported under PLI till May

Telecom equipment worth ₹6,911 crore was exported by companies selected under the production linked incentive (PLI) scheme till May, the government said on Wednesday. «The companies under the scheme have made an export of ₹6,911 crore up till May 31, 2023,» minister of state for communications Devusinh Chauhan said in a written reply in the Lok Sabha.

26.07 / 18:13

UPS Manufacturing India readies for talks with EU on refurbished items

Brussels has insisted that such items should be treated at par with new ones and be eligible for tariff concessions, while New Delhi has concerns it will lead to dumping of e-waste and impact India's domestic manufacturing. Remanufactured goods are those which have undergone transformation through recovery processes such as cleaning and testing to meet the same specifications as a new good. People privy to the development said there is also a view that import of plastic waste should be discouraged as India already has enough plastic that can be recycled.

26.07 / 18:13

Provident Manufacturing Platform film Odyssey HAL Defang AI, or make it toothless?

When it comes to AI, Asimov's 'force' can be interpreted as blunt restrictions, or rejection of the technology. But this approach doesn't truly solve the issue at hand, but may lead to more conflicts and challenges. On June 14, the European Parliament approved its position on the proposed AI Act.

26.07 / 17:37

UPS Provident Manufacturing Entertainment country ‘Space industry can grow up to $100 bn’

New Delhi: India has the potential to develop a $40-$100 billion space industry by 2040 on the back of rising space budget, increased number of launch services from the country, entry of private players and startups, and boom in India’s satellite internet market, consultancy firm Arthur D. Little said in its latest report. Currently, India’s space industry is valued at $8 billion with a 2% share in the global space economy.

26.07 / 17:37

Manufacturing Time Drug firms move ministry over FDC ban, seek time to sell stock

. Queries to the health ministry remained unanswered till press time.

26.07 / 17:05

UPS FIVE Aware Manufacturing Airlines 5 IndiGo aircraft will need engine change by September due to Pratt & Whitney issue: Sources

IndiGo aircraft will need immediate examination due to a technical issue that has cropped up with Pratt and Whitney’s (P&W) geared turbofan engines. People aware of the development said that while 11 aircraft of the airline have been identified for examination by September, six are already grounded due to lack of spares. While the airline has 136 aircraft in its fleet fitted with P&W engines, 47 aircraft are grounded due to maintenance work, and shortage of engines and spares.

26.07 / 17:05

UPS MET Manufacturing CEO Parke country GreenH Electrolysis plans to set up 1 GW electrolyser manufacturing in India

GreenH Electrolysis on Wednesday announced its plans to set up an electrolyser manufacturing plant with a capacity of 1 gigawatt (GW) in India. GreenH Electrolysis is a joint venture company between Spain-based H2B2 Electrolysis Technologies and GR Group of India. «GreenH Electrolysis announces its first, 1 GW, state-of-the-art, PEM electrolyser manufacturing plant in India,» the company said in a statement.

26.07 / 16:57

UPS Booking Manufacturing Inside blues 500 10 Best Laptop Bags in India Starting Just at Rs. 500

However, it is natural to feel overwhelmed by the sheer number of options available in the market. Here are our picks for the best laptop bags in India, varying in price, quality and design. Go through this article to choose a laptop bag based on your preferences.

26.07 / 15:31

UPS Waves Aviat Manufacturing Airlines performer Pratt & Whitney woes return for IndiGo, airline plans minimum impact

New Delhi: In another wave of engine trouble, India’s largest airline IndiGo will need to send some of its Airbus A320neo family aircraft run on Pratt & Whitney engines for inspection as the US-based engine maker has suggested accelerated inspection of 600 aircraft worldwide. “We are in receipt of the information from the OEM Pratt and Whitney (P&W) regarding the outcome of the latest inspection of their engine. We are working closely with P&W to assess and minimise any potential impact to our fleet," an IndiGo spokesperson said.

26.07 / 15:23

UPS IPO Provident Booking Manufacturing band Will Netweb Technologies deliver strong listing gains on Thursday? Here's what GMP signals

Netweb Technologies will be listed on the exchanges on Thursday and grey market trends indicate strong returns to investors on the listing day. The company's shares are commanding a premium of around Rs 390, and considering the upper price band of Rs 500, the stock is likely to debut at a solid 78% premium. However, it is important to note that grey market premiums are just an indicator as to how the company's shares are stacked up in the unlisted market and are subject to change rapidly.

26.07 / 15:23

Cooper Manufacturing Platform Remark track country cover Cooperation India, UK hold first Defence & Military Tech Cooperation workshop

India and the UK in the defence and military technology sector and work as a catalyst to enhance bilateral cooperation in the sphere. The UK-India Defence and Military Technology Cooperation workshop, organised by the London-based think tank International Institute for Strategic Studies (IISS) in partnership with India's Bharat Shakti defence platform on Tuesday, explored collaborative defence research and industrial production partnerships between the two countries.

26.07 / 15:01

IPO Provident Manufacturing band Yasons Chemex Care IPO: GMP, subscription status on day 3, and other key details

₹40 per equity share and the share will be listed on the NSE SME exchange Thursday, August 3. The Yasons Chemex Care IPO, which is worth ₹20.57 crore, is completely a fresh issue; there is no offer for sale (OFS) component. The fresh funds through the IPO will be put to use for general corporate needs and for the company's working capital requirements.

26.07 / 15:01

UPS Provident Target Manufacturing Entertainment country India can have a $40-100 billion space industry by 2040: Arthur D. Little

New Delhi: India has the potential to develop a $40-$100 billion space industry by 2040 on the back of a rising space budget, increased number of launch services from the country, entry of private players and startups, and a boom in the country's satellite internet market, consultancy firm Arthur D. Little said in its latest report. Currently, India’s space industry is valued at $8 billion with a 2% share in the global space economy.

26.07 / 14:18

IPO Lowe's FIVE Digital Manufacturing PAM show Flair IPO: Rewriting the pen sector’s growth story?

₹745-crore initial public offer (IPO) by leading pen manufacturer Flair Writing Industries has put the spotlight on the sector’s prospects in today’s times. Various studies around the world have suggested better learning and stronger brain activity using traditional writing tools compared to smart digital writing devices. A 2014 study by US researchers Pam Mueller and Daniel Oppenheimer showed that longhand notes lead to better learning against typing out on a laptop.

26.07 / 14:17

UPS Target Manufacturing performer Jindal Stainless Q1 net up 45% at ₹738 crore

₹738 crore during the first quarter of the current financial year, a 45% year-on-year (YoY) rise on the back of growth in the domestic market. The company further reported 25% YoY growth in net revenue from ₹8,119 crore in the same period last fiscal year to ₹10,184 crore in the current fiscal year. The company’s standalone sales volume for the quarter stood at 548,613 metric tonnes (MT), up 54% YoY, buoyed by macroeconomic factors, notwithstanding the global slump in sales and market volatility.

26.07 / 12:55

UPS Lowe's Manufacturing CEO performer Syngene Q1 Results: PAT up 26% to ₹93 crore, revenue rises 26% to ₹832 crore

Syngene International on Wednesday announced the results for the quarter ended June, 2023, and reported a PAT (profit after tax) of ₹93 crore, which is 26% up YoY. Apart from this, the firm also reported that the quarterly revenue was up 26 percent year-on-year to ₹832 crores, it said in a stock regulatory filing.

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