Manufacturing Financial News

Astra Air’ to air missile on the combat aircraft. The move, if implemented could prove to be a big step for the ‘Make in India’ initiative, wherein indigenously made weapons would be integrated into the globally popular fighter jet.  The French made Rafale Fighter jets are used by many countries including India, France, Egypt, Qatar and many others along with Greece, Croatia, UAE and Indonesia, have placed orders for these planes.

Ramkrishna Forgings Ltd on Sunday reported a 63 per cent jump in its net profit at Rs 76.97 crore during the June quarter, on account of higher income. It had clocked Rs 47.26 crore net profit in the April June period of the preceding 2022-23 fiscal, Ramkrishna Forgings said in a statement. The company's total income also rose to Rs 835.95 crore from Rs 650.75 crore in the year-ago quarter, posting a rise of 28 per cent.

India is growing at a good pace, driving incremental revenue and production ramp-up plans for Boat, and the company's international blueprint will be set in motion only from FY25 onwards, its cofounder Aman Gupta has said. The overseas plans are currently in the making, but for now, the company is determined to cement its position in the smartwatches segment, its biggest focus this year. «For this year, our focus is not international...we are putting (building) blocks so that by next year, we should start looking at international...This year, we are trying to test the waters with some markets,» Gupta told PTI.

We had positive consideration for a few sectors and optimism for India’s long-term economic progress. However, we recognised the near-term risk of India underperforming the rest of the world, being the most expensive market in the world. We were 100% and 40% overvalued compared to China and EMs at that time.

inflation readings in the US, Australia, New Zealand, and the UK came in short of forecast, which has given rise to a possibility of key central banks soon hitting a pause button in their rate hike mission aimed at reining in inflation. Apart from inflation, the somewhat weaker-than-expected US nonfarm payroll report for June has also played a key role in reinforcing peak rate possibility. The narrative of the peak rate pushed the US yields sharply lower.

₹12 lakh in purchasing-power-parity (PPP) rupees – a tad less than the entry price of a full sedan from Maruti or Honda in India (not the sub-four-metre ‘compact’ sedan that’s unique to India). Instead, a Mercedes C300 in India starts at over ₹65 lakh. The reason? Taxes.

₹18,100 crore and ₹26,058 crore PLI scheme for auto, auto-components, and drone industries. "We have told Tesla that the policies, which are already there for all, they can also apply under that PLI. They are welcome.

Eat your heart out Virgin – it’s Molycop’s turn to strut its stuff.

India is growing at a good pace, driving incremental revenue and production ramp-up plans for boAt, and the company's international blueprint will be set in motion only from FY25 onwards, its co-founder Aman Gupta has said. The overseas plans are currently in the making, but for now, the company is determined to cement its position in the smartwatches segment, its biggest focus this year. «For this year, our focus is not international...we are putting (building) blocks so that by next year, we should start looking at international...This year, we are trying to test the waters with some markets,» Gupta told PTI.

One of the world’s biggest airlines, Turkish Airlines, has been forced to put its plans of expanding services into Australia indefinitely on hold after it failed to win government approval in time for an expected launch of highly sought after capacity to Europe from Melbourne and Sydney.

government so far is not looking to frame a separate policy for providing incentives to US-based electric car maker Tesla, and the company can apply to avail support measures under existing schemes like PLI for auto and advanced chemistry cells, a government official has said. The government has already rolled out the production-linked incentives schemes (PLI) for advanced chemistry cell (ACC) battery storage with an outlay of Rs 18,100 crore and Rs 26,058 crore PLI scheme for auto, auto-components and drone industries. «We have told Tesla that the policies, which are already there for all, they can also apply under that PLI. They are welcome. Generally, the policy will be the same for all. For a single company, the government may not like to make separate policies. So far, there is no plan to give special treatment,» the official said.

Haryana's Ambala has been severely affected by recent floods, with manufacturers staring at losses running into crores of rupees. According to various traders' associations, the scientific instruments manufacturing units suffered an estimated loss worth more than Rs 300 crore. Most of these units supply the instruments to educational and technical institutes, while some are meant for export.

TCS, and Google are actively involved in this space, showcasing the potential for significant returns on investments. So, with this in mind, we highlight 5 popular AI growth stocks to add to your watchlist. #1 HCL Technologies At the top of our list, we have HCL Technologies.

Jill Roberts, University of South Florida Humans get sick with listeria infections, or listeriosis, from eating soil-contaminated food, undercooked meat or dairy products that are raw, or unpasteurized. Listeria can cause convulsions, coma, miscarriage and birth defects. And it’s the third leading cause of food poisoning deaths.

₹61.77 crore for the April-June quarter of 2023-24 driven by higher income. The company posted a consolidated net loss of ₹6.46 lakh in the first quarter of the previous fiscal, the company said in a filing to BSE.

AutoStore will pay 200 million pounds ($257.1 million) to British online supermarket group Ocado as part of a deal between the warehouse tech pioneers to settle all outstanding patent litigation claims, they said on Saturday. Both AutoStore and Ocado license their technology to retailers all over the world and the companies had engaged in numerous legal battles in different countries to defend their intellectual property.

Titagarh Wagons Limited) reported a net profit of ₹61.78 crore in the June quarter against a loss in the corresponding quarter last fiscal. The company reported a net loss of ₹600,000 a year ago. The rail wagon manufacturer's net revenue jumped 107.5% to ₹914.65 crore in the quarter.

consistent rise in promoter holding can tell you many things. After all, promoters are the ultimate insiders, the flag bearers of the company who decide everything. They know the true picture of the existing business, they're well aware of the corporate governance practices, and they understand the business prospects and headwinds.

TVS Motor have offered blockbuster returns to investors in the last 10 years. The shares have risen 3,100% over the decade. Accordingly, if an investor had invested Rs 10,000 in the stock 10 years ago, the investment would have turned to Rs 3 lakh, according to an analysis by ET Markets.

Ambikapur in Chattisgarh faced a pressing challenge in plastic waste management, with over 2 lakh people uncertain about the proper disposal of plastic waste. Additionally, public facilities like roads lacked adequate funding. To tackle these issues, municipal officials devised a brilliant plan.

Apple is likely to end the year with a record 8-9 million iPhone shipments, compared with 6.7 million in 2022. Sales in the first half of the calendar year have almost doubled to about 4 million from the year-ago period, bucking tepid demand in the overall market, which is expected to be flat or grow marginally this year. Market trackers expect Apple to achieve its best-ever market share of 6-7% by the end of 2023, riding on the back of its strongest performance in the first half of year.