Manufacturing Financial News

20.07 / 13:19

COST FIVE Manufacturing Airlines Boeing cover Deal Air India finalises deal with CFM for 400 aircraft

New Delhi: Air India has finalized the agreement with US-based engine manufacturer CFM International for engines for 400 aircraft, the engine maker said on Thursday. CFM's LEAP engines will power the Tata Group-backed airline's new fleet of 210 Airbus A320neo/A321neos and 190 Boeing 737 MAX family aircraft. The deal was first announced in February. The two companies have also signed a multi-year services agreement that will cover the airline’s entire fleet of LEAP engines.

20.07 / 12:31

UPS Manufacturing guidance Infosys Q1 Result: Revenue guidance trimmed, headcount falls QoQ; six key points from the IT major's Q1FY24 earnings

₹5,945 crore, compared to ₹5,360 crore in the corresponding period last year. Revenue rose 10 per cent YoY to ₹37,933 crore. The company registered an operating profit of ₹7,891 crore which was 14.1 per cent YoY while the operating margin came at 20.8 per cent up 70 bps against 20.1 per cent YoY.

20.07 / 11:25

COST FIVE Reuters Manufacturing country Adani Group clarifies on merging ACC, Ambuja brands, says ‘no plan to merge ..’

ACC and Ambuja cement brands as separate entities and no plan to merge the both, the clarification was given by Ajay Kapur, chief executive officer of both cement companies, said at an annual shareholder meeting. Earlier according to some media reports the Adani Group was looking to merge both Ambuja and ACC cement entity after it acquired them from Switzerland's Holcim in 2022 and is second largest cement producer in the country after the Ultratech Cement.

20.07 / 11:25

UPS Citi Manufacturing POT country How India can become a developed country

primary education and healthcare, and the inclusion of women as equal participants in the nation’s growth. Today, the work participation rate for Chinese women is 60%, about three times India’s figure. Some would add to the socialist achievements the restoration of dignity to manual labour and the building of rural physical infrastructure through communal labour of a kind that market-based cost-benefit calculus would not have justified.

20.07 / 11:25

UPS Provident Manufacturing cover exclusive Premium Tata Motors launches premium variants of Altroz with electric sunroof: XM at ₹6.90 lakh and XM(S) at ₹7.35 lakh

₹6.90 lakh, and the XM(S) trim, priced slightly higher at ₹7.35 lakh, both ex-showroom Delhi. These new top-of-the-line variants bring a host of exciting features to the Altroz, including the much-coveted electric sunroof exclusively available on the XM(S) model. With these latest additions, Tata Motors aims to cater to a wider range of customers, positioning the XM(S) variant between the Altroz XE and XM+.

20.07 / 11:03

Manufacturing CEO Strategy Mobile Align Porsche Highways Game-Changing Partnership: Eve Air Mobility and Embraer Announce Brazil’s First eVTOL Production Facility

Eve Air Mobility and Embraer have joined forces to announce an exciting milestone in the field of electric vertical take-off and landing aircraft (eVTOL). They revealed that the first eVTOL production facility will be established in Taubaté, São Paulo, Brazil, pending final authorities’ approval. This strategic location, situated within Embraer’s existing unit, will undergo expansion to accommodate the new manufacturing plant.

20.07 / 10:49

NASDAQ Manufacturing Tesla performer classical Big tech disappoints, Nasdaq futures slip

A slide in tech behemoths soured the mood Thursday, while the escalating conflict over Ukrainian grain exports prompted traders to temper relief over easing inflation.

20.07 / 10:27

UPS Citi Manufacturing CEO Southern show B'luru, H'bad, Chennai contribute 59 pc to total office leasing across 7 cities in Apr-Jun: Report

Bengaluru, Chennai and Hyderabad — three top southern cities — contributed 59 per cent to the total gross office leasing across seven major cities during the June quarter, according to real estate consultant Vestian. Bengaluru-based Vestian on Thursday released its quarterly office market report The Connect Q2 2023, stating that the combined office leasing in Bengaluru, Chennai and Hyderabad stood at 8.2 million square feet, out of a total of 13.9 million square feet office absorption in the April-June quarter this year.

20.07 / 10:07

Provident Manufacturing performer Cera Sanitaryware, SBI Cards, 5 other stocks cross 20-day SMA

Tata Teleservices (Maharashtra), Cera Sanitaryware, and other prominent companies that surpassed this crucial technical indicator. Let's delve into their recent accomplishments. (Data Source: StockEdge)1. Tata Teleservices Tata Teleservices (Maharashtra) demonstrated robust performance by crossing the 20 SMA on July 19, 2023.

20.07 / 10:07

COST FIVE Manufacturing Adani to continue using ACC, Ambuja brands; 'no plans to merge' cement units

Adani Group will continue to use its ACC and Ambuja cement brands to sell cement products and has no plans to merge the two entities, Ajay Kapur, chief executive officer of both cement companies, said at an annual shareholder meeting. The group became India's second-largest cement producer in 2022, behind UltraTech Cement, with its $10.5 billion acquisition of both Ambuja Cements and ACC from Switzerland's Holcim. Media reports had said earlier this year that the Adani Group was exploring a merger between the two companies.

20.07 / 09:59

Cooper Progressive Manufacturing Platform Remark Counter-Strike country US working with India on co-producing extended-range artillery to address threats posed by China: Senior Pentagon official

extended-range artillery and infantry vehicles to meet its operational requirements along its border with China and address its «coercion and harassment», a top Pentagon official said on Thursday. The Indian and Chinese troops are locked in an over-three-year confrontation in certain friction points in eastern Ladakh.

20.07 / 09:59

Provident Manufacturing Highways KFC performer Avenue Supermarts, Cera Sanitaryware among 9 stocks surpass 50-SMA

Cera Sanitaryware, Avenue Supermarts, and others showcased their strength and positive momentum by surpassing this indicator.1. Cera SanitarywareCera Sanitaryware, a leading player in the sanitaryware industry, demonstrated strong performance by crossing the 50 SMA on July 19, 2023. With its stock price reaching Rs.

20.07 / 09:29

UPS Ford Manufacturing Tesla show country foreign The Biggest Winners in America’s Climate Law: Foreign Companies

The 2022 climate law unleashed a torrent of government subsidies to help the U.S. build clean-energy industries. The biggest beneficiaries so far are foreign companies.

20.07 / 09:21

Provident Digital SUN Manufacturing TCS RIL, SBI, TCS among 10 Nifty50 stocks with Golden Crossover pattern

Golden Crossover is a powerful technical indicator which occurs when a stock's short-term moving average crosses above its long-term moving average, signifying a potential bullish trend ahead. On Thursday, July 20, Trendlyne reported 45 Nifty50 stocks that experienced this bullish pattern. From this list, ETMarkets has handpicked 10 stocks that have formed the Golden Crossover.

20.07 / 09:21

UPS Target Manufacturing HAL country India's desperate struggle to get into a first-world exporter club

Exporting fighter aircraft is not just business: it, of course, brings a lot of money to the exporting country, being a big-ticket item, but it also prepares the ground for developing strategic ties with the buyer countries. Big defence deals are often part of overall strategic ties.

20.07 / 09:21

Provident Manufacturing Entertainment Enterprise ICICI Bank, Keystone Realtors among 10 overbought stocks with bearish RSI

Relative Strength Index (RSI) provides essential insights into a stock's momentum, overbought or oversold conditions, and potential price movements. On Wednesday, July 19, StockEdge reported over a dozen stocks trading in the overbought zone with a bearish or declining RSI trend. These stocks witnessed a decline in RSI below the critical 70 mark.

20.07 / 09:17

UPS Manufacturing CEO Tesla DAX European stocks mixed; corporate earnings in focus

Investing.com — European stock markets traded in a mixed fashion Thursday, as investors digested more corporate earnings with the tech sector particularly fragile following weak cues from Wall Street.

20.07 / 08:47

COST UPS Manufacturing Racing Strategy Australia cannot afford to ignore offshore subsidies

The Productivity Commission has been chided as “naive” over its criticism of government subsidies for batteries and other clean energy products, with proponents of the support saying Australia has little choice even in areas where it has comparative advantages.

20.07 / 08:11

COST UPS FIVE Booking Manufacturing performer country Indian Top 5 Indian Stocks with Consistently Rising Operating Margins

operating margins. Operating margin measures the percentage of revenue a company keeps as operating profit. It indicates the profitability of a business and facilitates competition among competing businesses or different industries.

20.07 / 08:11

IPO Manufacturing 2024 ‘Nifty may climb to 21K peak in pre-Lok Sabha election 2024 rally’

real estate (interest rates likely to come off next year), and IT (global recovery next year). The growth in these spaces is just taking off and valuations are still reasonable. Manufacturing should do well driven by massive capex driven by govt spending (rail, defense etc).

20.07 / 07:33

Reuters Manufacturing Platform Compilation country Chinese professor says youth jobless rate might have hit 46.5%

Chinese professor that the country's youth unemployment rate might have hit close to 50% in March has revived a debate about official statistics and focused attention on a weak labour market. The National Bureau of Statistics said that month's jobless rate for people between the ages of 16 and 24 was 19.7%, less than half of what Peking University professor Zhang Dandan estimated. If 16 million non-students «lying flat» at home or relying on their parents were included, the rate could have been as high as 46.5%, Zhang wrote in an online article in Caixin, a respected financial magazine.

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