Manufacturing Financial News

Piyush Goyal will hold discussions with representatives of top 100 companies on July 22 in Mumbai on ways to increase share of domestic manufacturing and boost the country's exports, an official said. Senior officials from the Department for Promotion of Industry and Internal Trade (DPIIT) including Secretary Rajesh Kumar Singh are also expected to participate in the deliberations. In the discussions, the ministry would seek suggestions from the industry on ways to increase share of manufacturing in India's GDP; increase exports of goods and services; and reforms to further unlock economic development and improve business environment, the official added.

Companies Reaching New 52-Week Highs on Wednesday, July 19:ICICI Lombard General Insurance (LTP: Rs 1,366.80, 52 Weeks High: Rs 1,386.50): ICICI Lombard General Insurance is a leading insurance company, offering a wide range of general insurance products and services.IndusInd Bank (LTP: Rs 1,422.00, 52 Weeks High: Rs 1,443.35): IndusInd Bank is a prominent private sector bank in India, catering to retail and corporate customers with a diverse range of banking services.Reliance Industries (LTP: Rs 2,838.00, 52 Weeks High: Rs 2,845.00): Reliance Industries is a conglomerate with significant interests in refining, petrochemicals, telecommunications, retail, and more. Tata Motor DVR (LTP: Rs 345.20, 52 Weeks High: Rs 346.95): Tata Motor DVR represents differential voting rights shares of Tata Motors, an automobile manufacturer known for its diverse range of vehicles.

Jeep India has recently removed specific variants of the Meridian from its official website, leading to speculation about the discontinuation of these particular models. Presently, the Meridian is offered in four trims: Limited (O), Limited Plus, Upland, and X. However, the Limited MT and Limited AT variants have been taken off the website.

Ice Make Refrigeration Limited, a manufacturer of refrigeration equipment has bagged a contract worth Rs 65.48 crore from the West Bengal Livestock Development Corporation Limited (WBLDCL), a government-owned corporation focused on the development and promotion of livestock in West Bengal. Under this contract, Ice Make will be responsible for the Dairy Project, which includes the design, supply, installation, and commissioning of civil, mechanical, and electrical work for 1.0 LLPD (expected to expand to 1.5 LLPD) on a turnkey basis at Haringhata in West Bengal.Chandrakant Patel, CMD of Ice Make Refrigeration Limited, said in a statement, «Given the strong long-term growth opportunities, the outlook for our business moving forward is promising.

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Central Drugs Standard Control Organisation (CDSCO) to do so. As of now, all manufacturing activities relating to drugs and cosmetics are regulated by only the state governments through their drug control organisations, official sources told PTI. The draft bill also mentions that the Central government may regulate, restrict or prohibit selling, stocking, exhibiting or offering sale or distribution of any drug online by notification.

New Delhi: Retail sales grew 7% year-on-year in June, according to the 41st edition of the Retail Business Survey by the Retailers Association of India (RAI). “Retailers witnessed a modest growth of 7% in the month of June 2023. Food and grocery and footwear showed a growth at 15% while jewellery has shown a 14% growth.

SUV-coupe variant of the XUV500, at the Auto Expo back in 2016. Recently, exciting news has emerged as the test mule of this vehicle has been spotted on Indian roads for the very first time.  Alongside it, another test mule, that of the XUV700, was also seen during the testing phase. This development has sparked anticipation and curiosity among automotive enthusiasts, eager to witness the innovative design and features that these new models may bring to the market.

Investing.com — European stock markets traded higher Wednesday after cooler-than-expected U.K. inflation, while investors await more earnings from major U.S. companies.

Google, and Best Buy (BBY.N), will introduce an initiative aimed at enabling Americans to identify devices that have a lower vulnerability to cyberattacks. According to a statement from the White House, this new certification and labeling program will establish higher cybersecurity standards for smart devices such as refrigerators, microwaves, televisions, climate control systems, and fitness trackers. Manufacturers and retailers will affix a "U.S.

Finland is looking to attract 15,000 international students a year by 2030 and increase the level of work-based migration to 30,000 per year. «The Finnish society is ageing; therefore, the country needs more young people to join the labour market,» Glenn Gassen, Director of Immigration Affairs, Helsinki, told TOI in an interview. «We see India as one of our focus countries and want to intensify our partnership,» he added. «India has a growing young population, and a lot of untapped talent and Finland has had excellent experiences with Indian students, researchers, entrepreneurs, and professionals. There is an active Indian business community across Finland, and we have seen that Indian newcomers integrate quickly and emerge very successful.» «There are open positions across many sectors, for example, the healthcare and elderly care is on a lookout for workers. Similarly, several manufacturing industries is hoping to get international skilled labour,» Gassen said. Finland attracts top talent from around the world to its knowledge-intensive industries- mostly from the US and the UK.

₹3.50 crores, from an illegal unit located in Pooth Khurd village, Delhi. Acting swiftly on the provided tip-off, the police raided the specified location and successfully seized a substantial quantity of fake pesticides linked to the aforementioned aggrotech companies. The police registered a case under Section 420 IPC and Sections 103/104 of the DP Act at PS Bawana, Delhi.

Industrial equipment used to make semiconductors, solar cells and electric vehicles presents a great way for corporate executives, bank managers and government bureaucrats to keep the wheels turning even as consumers balk at spending money and foreign buyers cut purchases of Chinese exports. The US-China tech cold war and continuing trade tensions serve as the perfect excuse to rack up expenditures that can support local businesses, keep people employed, and add to the economy. Only one line item in China’s industrial output figures, out of almost two dozen, consistently posted double-digit growth figures in recent months.

China used for years as it turned into the biggest EV market on Earth. Beijing’s success is breathtaking. EVs accounted for a quarter of all passenger cars sold in China last year, far ahead of the roughly one in seven in the US and one in eight in Europe.

Amazon.com Inc.’s carbon emissions ticked lower for the first time since the company began reporting the figure, thanks to increased purchases of renewable electricity and a big slowdown in the retailer’s sales growth. The Seattle-based giant emitted 71.27 million metric tons of carbon dioxide equivalent in 2022, down 0.4% from the previous year, Amazon said in its annual sustainability report, published on Tuesday. The company achieved the improvement by using more solar and wind to power its operations and benefited from a decrease in emissions from construction and third-party transportation.

Q1 results today: Investors and market watchers are extremely cautious about the Q1 2023 results due to the strong results season in the January to March 2023 quarter. At a time when the global market was struggling from the heat of the economic slowdown in Q4FY23, Indian companies managed to provide stronger numbers. From April to June 2023, the Indian economy saw outstanding GST collections, better-than-anticipated GDP figures, inflation under control, etc.

HONG KONG (Reuters) -Chinese e-retailer Temu said on Wednesday it has been the target of rival Shein's «unlawful exclusionary tactics» since Temu's U.S. launch in 2022, ramping up a feud between the fast-fashion competitors days after a lawsuit was filed.

Also read: Johnson & Johnson proposes nearly $9 billion settlement of talc cancer claims The $18.8 million award to Valadez could complicate J&J's efforts to convince other talc victims to accept an $8.9 billion settlement offered as part of the bankruptcy case filed by its LTL Management unit. This settlement was intended to cover all existing and future lawsuits alleging that J&J knowingly sold talc-based baby powder containing asbestos.

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Gold prices pulled back on Wednesday from a 1-1/2-month high scaled in the previous session even as investors bet that recent U.S. economic readings make the case for a pause in the Federal Reserve's interest rate-hike stance. * Spot gold was down 0.1% at $1,978.09 per ounce by 0043 GMT, after hitting its highest since May 24 at $1,984.19 on Tuesday.

The Biden administration and major consumer tech players are launching an effort to put a nationwide cybersecurity certification and labeling program in place