Manufacturing Financial News

19.07 / 19:41

Manufacturing Parke electronic ADB retains India's growth forecast at 6.4% for current FY

ADB) Wednesday retained India's economic growth forecast at 6.4% for FY24, on the back of recovery in consumption demand in both rural and urban areas, but said suppressed exports due to global slowdown will be a drag. The Indian economy grew 7.2% in 2022-23. In an update to its Asian Development Outlook (ADO), ADB lowered its inflation projection for current fiscal year (FY24) at 4.9%, from 5% pegged in April, on softening crude oil prices, even though it estimated core inflation to remain «stubbornly high».

19.07 / 19:41

Provident Booking Manufacturing Action Mumbai Mumbai police files FIR against Italian designer Valentino

Mumbai Police has registered an FIR against Italian fashion design brand Valentino, its billionaire founder Valentino Clemente Ludovico Garavani and some officials, based on a complaint filed on behalf of an Indian-American fashion designer, on the directions of a metropolitan magistrate. The magistrate on July 7 directed the police (Matunga police station) to register an FIR, saying a perusal of the complaint and documents annexed by the complainant reveals that «the cognisable offence has been committed by the proposed accused».

19.07 / 18:13

UPS Manufacturing awards Samsung country Fresh bids for advanced chemistry cells

₹18,000-crore Advanced Chemistry Cells, or ACC project. The scheme aims to incentivize production of 20GWh battery storage capacity, it said on Wednesday. During the initial round of awards under the PLI scheme, three companies qualified for incentives: Ola Electric, Reliance New Energy, and Rajesh Exports.

19.07 / 17:47

Man Aviat Microsoft Manufacturing JPMorgan Software Midday movers: Goldman Sachs, Carvana, Joby Aviation and more

Investing.com — U.S. stocks were rising, adding to recent strong gains as investors digest a deluge of big corporate earnings.

19.07 / 16:45

COST Manufacturing performer Cautious outlook for specialty chemical manufacturers

NEW DELHI : Multiple specialty chemical manufacturers are staring at weak prospects in the near term, led by weak global demand and destocking of inventory. Declining chemical prices and increased competition from China post opening of the Chinese economy are putting pressure on their margins. The only solace for now comes from some decline in raw material prices.

19.07 / 16:45

COST Digital Manufacturing Platform Software electronic Use contextual tools and models to catalyse our climate transition

Climate change is front and centre of the development debate going on around the world. We are finally seeing our economic system account for the cost and impact of air pollution on the environment by putting a value on every metric tonne of greenhouse gas (GHG) emissions. And our transition to a low-carbon economy is being spurred by consumers and governments as well as regulators.

19.07 / 16:45

Waves Aware Manufacturing Action Immunic AMR Govt moves against anti-microbial resistance, a killer

NEW DELHI : The Union health ministry is working on a national plan to combat anti-microbial resistance (AMR) that is becoming a public health threat, a government official aware of the matter said. The ministry has formed a high-level committee to develop a National Action Plan Anti-Microbial Resistance 2.0 (NAP AMR), the official said on condition of anonymity. AMR occurs when bacteria, viruses and fungi become immune to medication over time, making it harder to treat ailments.

19.07 / 16:45

Microsoft Manufacturing Strategy NVIDIA show performer Dispel myths around innovation to create a culture that fosters it

Say the word ‘innovation’ and it is likely to evoke the image of a young entrepreneur in a garage like startup, or that of a scientist in a lab creating a product that magically disrupts the market. These are images that have become associated with innovation—gripping and appealing. Also, somewhat mythical and only half true.

19.07 / 16:45

UPS Manufacturing show Finolex Q1 result: Net profit up 10% to ₹110.88 crore, shows volume growth despite PVC price correction

Finolex Industries is one of the most trusted PVC pipes and fittings manufacturers in India. Today, it presented unaudited financial results for the fourth quarter ended June 30, 2023, at its board meeting. Finolex Industries, a manufacturer of pipes, announced a 10% increase in net profit to ₹110.88 crore in for the quarter ending in June on Wednesday.

19.07 / 15:53

Provident FIVE ETF Manufacturing CEO show social Holdings Your 401(k) likely includes military weapons holdings

Most retirement plans have investments that fund weapons of war, including exposure to the makers of controversial munitions like cluster bombs, according to a report Tuesday from As You Sow.

19.07 / 15:33

Manufacturing Century Textiles Q1 Results: Net loss widens to ₹5.9 crore, revenue down 6% to ₹1,117 crore

₹5.88 crore, compared to a profit of ₹46.3 crore in the corresponding period last year. The Aditya Birla Group company's revenue from operations for the first quarter in current fiscal stood at ₹1,117.3 crore, registering a decline of 6.1 per cent, compared to ₹1,189.8 crore in the year-ago period. The textile and paper manufacturer's earnings before interest, taxes, depreciation, and amortization (EBITDA) in the June quarter came in at ₹126.3 crore, reporting a decline of 9.2 per cent, compared to ₹139 crore in the same quarter last year.

19.07 / 15:13

UPS Manufacturing small-cap Stocks to watch: These small-cap stocks will be in focus for tomorrow!

₹3,176 crore for the quarter ended June 2023, up 151 percent from a year ago, driven by the streaming of the Indian Premier League (IPL) on JioCinem. The stock price of TV18 Broadcast Ltd on July 19, closed at ₹42.87 per share, up 8.97% from the previous day's close of ₹38.15 per share.

19.07 / 13:21

UPS Provident Reuters Manufacturing Nissan performer week Renault India unveils a week-long monsoon camp: Dates, benefits and other details

Renault will provide complimentary car check-ups to its customers to guarantee peak performance. Additionally, the company will offer discounts of up to 50% on specific accessories, 15% off on labor charges, and 10% off on selected parts. Talking about the initiative, Sudhir Malhotra, Vice President, Sales and Marketing, Renault India, said, “We are delighted to announce the nationwide launch of the Renault monsoon camp for our valued customers across India.

19.07 / 13:15

BLOCK Manufacturing Platform Action Pinduoduo track exclusive Chinese e-retailer Temu files lawsuit in US against rival Shein, alleging antitrust violations

Chinese e-commerce retailer Temu has filed a lawsuit accusing its rival Shein of violating U.S. antitrust law by blocking clothing manufacturers from working with Temu

19.07 / 13:15

Provident Manufacturing Mobile country India's Tata will build a $5-billion new electric car battery factory in the UK

India’s Tata Sons has confirmed plans to build a 4-billion-pound, or $5.2-billion, electric car battery factory in the U.K. The plant is expected to become one of Europe’s largest battery cell manufacturing sites when it begins production in 2026

19.07 / 12:35

UPS IPO Manufacturing band Premium share price Kaka Industries share price hits 5% upper circuit after listing at 90% premium; details here

BSE SME exchange at a premium on Wednesday. The stock was listed at ₹110.20 per share, 90 percent higher than the issue price of ₹58 on the BSE SME exchange. Kaka Industries shares extended gains and were locked at 5% upper circuit after making a stellar debut.

19.07 / 12:35

Manufacturing performer Govt to table new drugs, medical device bill in monsoon session

New Delhi: The Centre will likely table the New Drugs, Medical Devices and Cosmetics Bill, 2023, in the Parliament in the monsoon session that starts Thursday. There are 21 new bills and seven old bills listed for discussion during the session which will last till 11 August.

19.07 / 12:25

Target Digital Manufacturing Platform Interface country Hero Hero MotoCorp eyes 30 per cent sales via digital channels by 2030

Hero MotoCorp, has set a target to achieve 30 per cent of its sales on digital platforms by 2030. The company, which sold 54 lakh units of motorcycles and scooters in the last fiscal year, is also looking to have 30 per cent women workforce in the organisation by 2030.

19.07 / 11:51

UPS Digital Manufacturing Dreams stage country India's Semiconductor Dream: Is It Becoming a Reality?

Semiconductors have become the unsung heroes of the digital age. They silently power the devices that have become essential to our lives. These tiny wonders are the backbone of everything from smartphones, computers, advanced medical equipment, and transportation systems.

19.07 / 11:49

Provident FIVE Manufacturing Remark Fastenal week MRF, Polycab India among 5 S&P BSE 150 Midcap stocks which soared to 52-week highs on Wednesday

BSE 150 Midcap stocks as 11 companies soared to reach their 52-week highs. Out of this remarkable feat, ETMarkets has handpicked five stocks for a closer look, offering potential investors valuable insights to inform their investment decisions. In this article, we will delve into these companies and the significance of reaching new 52-week highs, empowering investors to capitalise on these exciting opportunities.

19.07 / 11:07

COST UPS Reuters Manufacturing ASML second-quarter net profits beat estimates amid strong Chinese demand

Investing.com — ASML (AS:ASML) posted higher-than-anticipated net profit in the second quarter and lifted its full-year sales guidance as the Dutch semiconductor equipment maker was boosted by solid demand in China.

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