Manufacturing Financial News

21.07 / 20:13

COST Provident FIVE Manufacturing country electronic Untangling the U.S. From China’s Economy Is Messy

The Biden administration’s attempt to surgically cut economic ties with China is proving difficult to execute. Treasury Secretary Janet Yellen visited Vietnam this week to discuss her push for “friendshoring," a term she uses to call for companies to shift supply chains from China to friendlier nations. Trade between the U.S.

21.07 / 20:07

Amazon Waters Manufacturing show Cupkin children's cups sold on Amazon recalled over newly-detected lead levels

More than 345,000 children’s cups are being recalled due to lead levels that exceed the federal content ban, the U.S. Consumer Product Safety Commission said Thursday

21.07 / 19:43

UPS Manufacturing country Centre Centre rejects Megha-BYD's $1 billion plan for four-wheeler facility

BYD Motors' proposal to set up a $1 billion four-wheeler manufacturing facility in India in partnership with Hyderabad-based Megha Engineering and Infrastructures Ltd. The two companies had in their application to the Department for Promotion of Industry and Internal Trade (DPIIT) proposed to set up an electric vehicle plant in Hyderabad. The DPIIT had sought opinions from other departments on the investment proposal.

21.07 / 18:29

UPS Target Manufacturing Action shootings Hero Hero Moto expects rural demand jump

NEW DELHI : Hero MotoCorp Ltd is banking on growing demand for its entry level motorcycles in the 100cc and 110cc segments, as it looks to “nurture" green shoots in rural demand that began emerging in the fourth quarter of last year. Rural demand contributes to 55% of the total two-wheeler sector’s sales in India. In its annual report, Hero MotoCorp, the world’s largest two-wheeler maker and the largest seller of entry-level motorcycles in India, said it is keeping its price actions in the cost-sensitive segment subdued to aid higher demand, and get ahead of competition to expand its share of this market.

21.07 / 18:29

COST Provident FIVE Waters Manufacturing exclusive Vedanta Q1 net profit falls 41% to ₹3,308 cr

NEW DELHI : Vedanta Ltd posted a 41% drop from a year earlier in June quarter net profit at ₹3,308 crore amid lower commodity prices and higher finance costs. Earnings before interest, taxes, depreciation and amortization (Ebitda) fell 35% to ₹6,975 crore with an Ebitda margin of 24% during the quarter. In a post-earnings interview, Sunil Duggal, chief executive at Vedanta said, “Fundamentally, these commodities have a very strong footing...

21.07 / 17:51

UPS Target Manufacturing Tesla TSLA country Tesla begins sales of EVs in Malaysia

Tesla (NASDAQ:TSLA) officially launch sales of their electric vehicles in Malaysia this week, marking another milestone in the automaker's ongoing efforts to broaden its global presence.

21.07 / 17:51

COST FIVE Waters Aware Manufacturing star It's still about cost, just long-term now

energy efficiency, is a sign of growing maturity. The Indian consumer continues to be price-sensitive. What has changed is his or her understanding of cost.

21.07 / 17:51

UPS FIVE Digital Manufacturing Action country NOT China plus one, not really minus China

India a window of between three and five years to cash in on the opportunity will be well received in policy circles. India has been preparing for this eventuality for a while now. It has, over the past decade, cleaned up bad debts in the banking system, lowered corporate tax rates to internationally acceptable levels, diverted increasing chunks of the government budgets at building physical and digital infrastructure, and has rolled out incentives for local manufacturing and exports in select industries.

21.07 / 17:51

IPO Reuters Manufacturing country Board of pencil maker DOMS approves IPO

DOMS approved an initial public offering (IPO), Italian pencil maker Fabbrica Italiana Lapis ed Affini SpA (Fila) which holds 51 per cent in DOMS said on Friday. Fila has committed to offer 90 million euros worth of DOMS shares for sale while still remaining the company's single largest shareholder post IPO. The listing is expected to close by the end of the year, Reuters reported citing the Italian pencil maker.

21.07 / 17:05

UPS Provident Manufacturing Deal Canada's port workers again announce tentative deal with employers

By Steve Scherer

21.07 / 14:07

UPS Provident Progressive Manufacturing cover REC SJVN inks initial pact with REC to secure Rs 50,000 crore for projects

SJVN Ltd has inked an initial pact with REC Ltd for securing finance of Rs 50,000 crore for projects of its subsidiaries and joint ventures. REC will provide financial assistance to set up new power generating stations based on conventional and renewable sources of energy, according to a statement on Friday.

21.07 / 13:53

Provident Target Manufacturing Apple Shell Apple iPhone iPhone 15 Planning to upgrade to Apple iPhone 15 series? You may have to wait until October

Apple is likely to be delayed this year. Traditionally, Apple unveils its new iPhone models in September, making them available for purchase a few days later in the same month. However, the iPhone 12 series experienced a delay in its launch due to the COVID-19 pandemic in 2020. This year, the upcoming iPhone 15 series might face a similar postponement, with the possibility of hitting the markets only in October instead of September. According to Bank of America (BoA) analyst Wamsi Mohan, who accessed supply chain audits, the launch of the iPhone 15 could be pushed back by a few weeks, shifting the debut into the December quarter.

21.07 / 13:49

UPS Citi Manufacturing CEO Southern performer Bengaluru, Hyderabad, Chennai account for 59% of total office leasing across 7 cities in Apr-Jun: Vestian

India’s three key southern cities — Bengaluru, Chennai and Hyderabad — dominated office demand with contribution of 59 per cent of the total office leasing across the top 7 cities during the quarter ended June, according to the quarterly office market report by real estate consultant Vestian, titled ‘The Connect Q2 2023’.

21.07 / 13:25

Lowe's Target Amazon Manufacturing SpaceX Shell Amazon builds $120 million satellite processing hub in Florida

By Joey Roulette

21.07 / 13:25

Manufacturing Intel Microchip IBM electronic Q3 Intel Earnings Preview: Facing Continued Headwinds, Chipmaker Eyes Q3 Comeback

On July 18, 1968, two brilliant engineers at Fairchild Semiconductor, Robert Noyce and Gordon Moore, came together to establish N.M. Electronics, which later became known as Intel Corporation (NASDAQ:INTC). Their first-year revenue was $2,672 – not bad for a start!

21.07 / 13:25

Manufacturing Intuit CSX fall Amex, AutoNation, Carvana fall premarket; Scholastic rises

Investing.com — U.S. futures edged higher Friday, with sentiment boost by a largely positive start to the quarterly earnings season, ahead of next week's crucial Federal Reserve meeting.

21.07 / 12:57

UPS Amazon Microsoft Manufacturing Google NVIDIA AI Alone Can’t Save the Chip Industry From a Downturn

Nvidia may be able to sell every artificial-intelligence chip it can make. Unfortunately for the chipmaking industry, there is only one Nvidia. That conundrum is already apparent at the start of the second-quarter earnings season.

21.07 / 12:13

Manufacturing DISH track safe Are plastic or electric lunch boxes safe for kids? Here are some answers

Plastic Tiffin Boxes:Plastic tiffin boxes have been a popular choice for packing children's meals due to their lightweight, portability, and affordability. However, not all plastic containers are created equal, and some types may raise safety concerns.Potential Risks of Plastic Tiffin Boxes: One of the main concerns regarding plastic tiffin boxes lies in the materials used during manufacturing. Certain plastics, such as those containing bisphenol-A (BPA) and phthalates, have raised health alarms.

21.07 / 12:13

UPS Manufacturing Compilation love 6 Best CCTV Cameras Under 2000 for Efficient Surveillance

A best-selling CCTV camera under 2000 can offer you the best possible security for your personal belongings and loved ones. Here, we have compiled our picks for the best CCTV cameras under 2000 in India. Read on to take your pick.

21.07 / 11:45

UPS PayPal Manufacturing electronic Deal KKR KKR boosts chemicals portfolio with $1.3 billion deal for Chase

(Reuters) -KKR & Co said on Friday it would buy chemical maker Chase in an all-cash deal valued at about $1.3 billion including debt, to help the private equity firm bolster its holdings in the specialty chemicals sector.

21.07 / 11:37

Provident Manufacturing Metro clean energy PFC signs MoU worth ₹ 2.37 trillion in clean energy space

₹2.37 trillion with 20 companies both in public and private sector, the company said in a statement on Friday. These MoUs were signed with solar, wind power, green hydrogen, battery storage, electric vehicle companies as well as manufacturers of green energy equipment among others in the clean energy space.

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