Manufacturing Financial News
21.07 / 03:29
COST
Digital
Aware
Manufacturing
Appliance maker Versuni goes full throttle as it sees blockbuster festival season ahead
Philips Domestic Appliances, is planning big for the upcoming festive season in India with both television and digital campaigns even as it bids to make more consumers aware of emerging categories such as air fryers, garment steamers, among others, a top company executive said. Versuni’s chief commercial officer Ozlem Fidanci told ET that the India market has been growing and has been open for new trends culturally, to try new solutions and product lines. “It makes India an attractive opportunity for Versuni and our brands.” The Amsterdam-based company renamed itself in February, after a disentanglement from Royal Philips in September 2021 following a sale to Hillhouse Capital, a global investment firm.
21.07 / 03:07
21.07 / 02:05
UPS
Citi
Manufacturing
Drop
TSMC
fall
TSMC shares fall more than 3% after it flags full-year sales drop
TAIPEI (Reuters) — Shares of Taiwanese chipmaker TSMC slumped more than 3% on Friday after the world's largest contract chipmaker flagged a 10% drop in 2023 sales and said production due to start next year at its first plant in Arizona would be delayed.
21.07 / 00:57
21.07 / 00:57
Provident
Manufacturing
Software
SAP
Enterprise
MSCI
Global tech stocks surge as US rally triggers a rush for winners
stock euphoria is spilling over to the rest of the world. Beaten-down shares of tech companies — from software and IT services providers to hardware manufacturers to ecommerce plays — are making a comeback across the word, as the headline-grabbing Wall Street rally in the US prompts a relook elsewhere. The MSCI Japan IT index has surged 36% so far this year, while the MSCI Taiwan and Europe IT indices have rallied 30% and 25%, respectively.
20.07 / 22:41
20.07 / 22:31
20.07 / 21:19
UPS
Digital
Progressive
Manufacturing
show
country
Rural auto demand set for festive revival
rural markets — which had remained weak in the past three years due to the economic impact of the pandemic — are revving up and expected to spur demand for passenger cars, motorcycles and tractors as the country heads into the festive season later this quarter. Moderating rural inflation, higher non-agricultural income and an increase in minimum support price for all kharif crops are expected to put more money in the hands of consumers in rural markets, boosting demand and bridging the divergent recovery seen in the country since the easing of Covid, said several senior industry executives.
20.07 / 21:19
Provident
MAIL
Aware
Manufacturing
Platform
India resurgence fund in talks to acquire Ind-Swift's API business
India Resurgence Fund (IndiaRF), an India-focused distressed and special situations investment platform sponsored by the Piramal group and Bain Capital Credit, is in talks to acquire the active pharmaceutical ingredients (API) business of the debt ridden Ind-Swift Laboratories (ISLL), said two people aware of the development. The investment size could be in the range of ₹1,000 crore, said sources. The company will use the money to restructure its existing debt.
20.07 / 19:53
UPS
Provident
FIVE
Manufacturing
Strategy
Pool
Micron
India, Japan sign MoU on semiconductor development
New Delhi: India and Japan signed a memorandum of understanding (MoU) on semiconductor development, which will include design, manufacturing, equipment research and talent development. Union Minister Ashwini Vaishnaw said that the agreement as a substantial step to create a resilient complete value chain. "The MoU is on five fronts, viz. semiconductor design, manufacturing, equipment research, talent development, and bringing resilience to the semiconductor supply chain," said Vaishnaw.
20.07 / 19:05
Lowe's
Manufacturing
CEO
Tesla
IBM
Midday movers: Netflix, Tesla, IBM, Johnson & Johnson and more
Investing.com — U.S. stocks were mixed on Thursday, as investors digested a deluge of corporate earnings, especially from tech giants.
20.07 / 17:43
COST
Extreme
Manufacturing
Strategy
Mobile
Apple
Oil demand growth could near zero globally by 2028 — fossil fuel subsidies are a hidden problem in the green energy transition: Arthur van Benthem
Q. What is the core of your research?A. I am the co-director of the Wharton Climate Center.
20.07 / 17:33
20.07 / 17:33
Provident
Target
Manufacturing
Sky News
show
performer
exclusive
Geopolitical tensions
3 Defense Stocks Poised to Keep Flourishing Amid Heightened Geopolitical Tensions
A few months after the outbreak of war in Ukraine, Sky News collaborated with the Stockholm International Peace Research Institute (SIPRI) to publish a report revealing the details of NATO States' deliveries to Ukraine. The report highlighted that Britain and the United States were the top suppliers of new weapons.
20.07 / 17:25
UPS
Fox
Manufacturing
Fallout
Pfizer
Tornado damage to Pfizer plant will probably create long-term shortages of some drugs hospitals need
U.S. hospital drug supplies may be strained further after a tornado ripped open the roof of a Pfizer factory this week
20.07 / 16:53
UPS
Progressive
Manufacturing
electronic
Vedanta yet to submit application for chip unit, find partner
Vedanta Group's application for semiconductor manufacturing has become invalid after exit of Taiwanese electronics manufacturing major Foxconn and the company is yet to submit a fresh application, an official source said. According to the source, Vedanta has not shared any information about a new technology partner that it needs to rope in for semiconductor manufacturing.
20.07 / 16:49
Provident
MAIL
Cooper
Manufacturing
Nano
country
Latin
A Defence Partnership between India and Argentina
By Dr Aparaajita Pandey
20.07 / 16:21
COST
UPS
Target
Manufacturing
ICE
country
View: Setting the agenda for a zero emission freight transition in India
Clean Energy Ministerial and the G20 Energy Transitions Working Group meetings kicked off this week hosted by India, we saw unprecedented focus on clean transportation transitions, bringing together national and sub-national governments as well as industry and research. A stand-out theme has been a clear intent to address hard to abate segments, specifically medium and heavy duty vehicles (MHDV) and freight operations.
20.07 / 16:15
Provident
Cooper
Citizens
Manufacturing
Platform
country
social
Future
BRICS Nuclear medicine experts brainstorm in Moscow for future solutions
BRICS Expert Forum on Nuclear Medicine was recently held in Moscow. The Forum brought together over 200 representatives from Russia, Brazil, India, China and South Africa.
20.07 / 14:27
Manufacturing
Align
electronic
Govt to rebid PLI for 20GWh ACC manufacturing
₹18,100-crore programme to boost local battery cell production. The Ministry of Heavy Industries (MHI) will facilitate a stakeholder consultation with industry representatives on 24 July for inputs and suggestions before the start of the re-bidding process.
20.07 / 14:01
COST
Citi
Waters
Manufacturing
Action
Climate change: Delhi may suffer losses of Rs2.75 trillion by 2050
₹2.75 trillion by 2050 due to the impacts of climate change, with changes in precipitation and temperature patterns posing significant threats to the lives of the most vulnerable populations. "At an aggregate level, the total cost of climate change for Delhi by mid century is expected to be ₹2.75 trillion," the draft action plan states.
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