Manufacturing Financial News

17.07 / 14:07

COST UPS Manufacturing Platform Highways week Commodities Week Ahead: China Holds Back Oil Rally in Replay of 2022

One year ago, when the run-up in oil prices came to a sudden halt, China and its overbearing controls on COVID were blamed. This week, Beijing is again the fall guy as crude loses momentum on its three-week-old rally. This time, it’s not the pandemic but China’s great economic hope itself that’s at fault.

17.07 / 13:17

Microsoft Waters Manufacturing CEO Align Samsung Salil Kapoor appointed as CEO Hindware Home Innovation

New Delhi: Consumer appliances company Hindware Home Innovation Ltd on Monday announced the appointment of Salil Kapoor as the company’s new chief executive officer (CEO), effective 11 July. Kapoor will lead the consumer business overseeing both consumer appliances and retail divisions along with the water heater JV with Groupe Atlantic of France. Kapoor joins from Orient Electric where he was business unit head of appliances.

17.07 / 12:59

UPS Citi Manufacturing global economy A Buoyant Global Economy Is Starting to Sag

The global economy’s brief run of good luck may be ending. Manufacturing activity is weakening across the world. Europe slid into a mild recession earlier this year.

17.07 / 12:59

UPS Provident Manufacturing Assurant Mobile Parke Foxconn to set up new ₹8,800 crore iPhone manufacturing plant in Karnataka? Here's what we know so far

industrial growth, creating huge employment opportunities and propelling Karnataka as a leader in the vertical," tweeted state I-T minister Priyank Kharge who was also in attendance. CM Siddaramaiah and Large and Medium Industries Minister M B Patil, he said, had assured the representatives of a “conducive environment for growth and development". “The state is ready to provide full support, offering land required to set up the manufacturing unit, in the 100 acres of land available in the Japanese Industrial Park near (the district headquarters town of) Tumakuru," tweeted Patil.

17.07 / 11:37

Aware Manufacturing CEO Enterprise Sheela Foam to acquire rival Kurlon and furniture maker Furlenco

Sheela Foam, India’s largest home mattress manufacturer, is set to acquire rival Kurlon Enterprise, the maker of Kurl-on mattress, and furniture rental company Furlenco said multiple people aware of the development. The announcement to buy stake in both companies is likely to be announced in the next few days. Sheela Foam will acquire Kurlon Enterprise at a valuation of Rs 2,200 crore while it would infuse a primary fund of Rs 350-400 crore to buy controlling stake in Furlenco at a valuation of Rs 1,200-1,500 crore, the people said on condition of anonymity.

17.07 / 11:23

COST Citi MET FIVE Manufacturing Parke Allianz Warehousing supply across 8 primary markets likely to grow 13-15% in FY24, says ICRA

ICRA. The incremental absorption is estimated to remain at around 39 million sq ft, the level witnessed in 2022-23. Nearly 52% of the expected supply addition across these primary markets including Mumbai, National Capital Region, Pune, Chennai, Bengaluru, Kolkata, Hyderabad, and Ahmedabad will be in grade A category.

17.07 / 10:31

Lowe's FIVE Ford Manufacturing Strategy Tesla Power Discounts Tesla discounts set to power quarterly revenue growth, hit profit

By Akash Sriram

17.07 / 10:31

Target Digital Aware Manufacturing Apple Apple's India business could be worth $40 billion over the next 10 years - Morgan Stanley

Morgan Stanley analysts hiked the price target on Apple (NASDAQ:AAPL) stock by $30 to $220 per share as they believe India can become an emerging growth driver for the Cupertino-based titan.

17.07 / 10:13

Manufacturing Turnover Maruti Suzuki India aims to double turnover to around 1.68 lakh crore by 2030-31 | Mint Primer

Maruti Suzuki, India's largest car manufacturing f... moreMaruti Suzuki, India's largest car manufacturing firm, aims to double its turnover to ₹1.68 lakh crore by 2030-31, contributing to Suzuki Motor Corporation's goal of achieving a global turnover of ₹4.32 lakh crore.

17.07 / 09:09

Manufacturing Enterprise Manufacturing sentiment positive in first quarter: Ficci survey

New Delhi: Despite global headwinds, Indian manufacturers maintained positive sentiment in the first quarter of fiscal year 2023-24 (Q1FY2024), according to a quarterly survey conducted by the Federation of Indian Chambers of Commerce and Industry (Ficci). The survey findings revealed that the growth momentum witnessed in the previous fiscal year has continued into subsequent quarters.

17.07 / 08:47

Waters Manufacturing L&T secures new orders in water treatment segment

Larsen and Toubro (L&T) on Monday said it has bagged «large orders» in the water & effluent treatment segment in the domestic market. The work order has been received from the State Water & Sanitation Mission, Uttar Pradesh, to construct a water supply scheme for the Hanumanganj multi-group of villages in the districts of Ballia and Firozabad, L&T said in a statement.

17.07 / 08:47

UPS Amazon Manufacturing Apple Parke Karnataka offers 100 acres to Foxconn subsidiary in Tumakuru, talks in early stages

Karnataka on Monday offered 100-acre plot to Foxconn Industrial Internet (FII), a subsidiary of the world's largest contract manufacturer Foxconn at the Japanese industrial park (JIP) in Tumakuru district. The Foxconn unit makes electronic devices, cloud service equipment, industrial robots, and counts Apple, Amazon, Lenovo, Huawei and Dell among its clients.

17.07 / 08:33

UPS Target Progressive Manufacturing Harmonic week Chinese yuan Dollar stabilizes after last week's selloff; Chinese yuan hit by weak GDP

Investing.com — The U.S. dollar stabilized in early European hours Monday after suffering its worst weekly drop this year, while weak Chinese growth data pressured the yuan.

17.07 / 08:09

Aware Manufacturing Toyota Bharat NCAP, India's own car crash safety rating to come into effect from October 1

Maruti Suzuki and Toyota have termed the upcoming rating as a bold step in the right direction for the domestic industry. In a statement to news agency PTI, Velusamy R, President - Automotive Technology and Product Development, Mahindra & Mahindra said “We at Mahindra believe it is one of the bold steps by the Ministry of road transport and we welcome the implementation of Bharat NCAP." This initiative of MoRTH will generate equal opportunities and create healthy competition among OEMs to make safer models for Indian customers, he added.

17.07 / 08:09

MAIL Manufacturing Apple Software Apple set to unveil M3 series powered iMac with 3nm processed chips, predicts Mark Gurman

Mark Gurman. Alongside the excitement surrounding the futuristic Vision Pro and the iPhone 15 series featuring USB-C connectivity, Apple is rumored to be preparing for the launch of its next-generation M3 computers, with the iMac leading the way. Unbox.ph reported that these chips are likely to be manufactured using a highly advanced 3nm process.

17.07 / 07:19

COST Manufacturing Strategy Bumper start to FY24 earnings! Nifty50 Q1 consolidated PAT likely to grow by over 20% YoY

Nifty50 Q1 consolidated PAT is forecasted to grow by more than 20% YoY. This is a transformed perspective compared to the subdued presumption the market had a couple of quarters ago. The domestic market was presumed to face the dark side of the global recession, imprinting a slowdown in the domestic economy.

17.07 / 06:53

Provident Manufacturing Mobile Will replaceable batteries in smartphones return? This is what report suggests…

EU with user replaceable batteries, reported NDTV. As per the report from the publication, upon approval from the Council and Parliament, the law is expected to come into effect in early 2027. In addition to facilitating battery replacements, the recently approved regulations by the European Council also include requirements for rechargeable batteries used in electric vehicles and mobile devices such as smartphones and tablets. Reportedly, these batteries will need to provide information about their carbon footprint, feature a label, and include a battery passport when sold within the EU region.

17.07 / 06:53

UPS Lowe's Manufacturing Gap Backed small-cap Small-cap stock below ₹5: FII-backed stock Vikas Lifecare jumps after announcement of JV with IGL

Small-cap stock below ₹5: Vikas Lifecare shares are one of those penny stocks that has attracted investment from foreign institutional investors (FIIs). In August 2022, two global investment firms AG Dynamic Funds Limited and Citrus Global Arbitrage Fund made investment in this small-cap stock.

17.07 / 06:53

COST UPS Provident Manufacturing Indian Indian cos more confident on business outlook vs peers; watch out for headwinds

emerging market averages but trailing the global reading (+28%). The net balance is derived by subtracting the percentage of respondents expecting a decrease or deterioration in a variable over the next twelve months from the percentage expecting an improvement or increase. Nevertheless, India emerged as one of only four countries to witness a rise in output prospects, while confidence dwindled in the remaining eight countries with comparable data, added the report.

17.07 / 06:53

COST UPS Manufacturing Racing Enterprise Full Update on India's Top Green Hydrogen Stocks and How They're Faring in 2023

Hydrogen (H2) is an industrial fuel with multiple applications such as the production of ammonia, steel, electricity, and refineries. Currently, hydrogen is produced through natural gas and coal, leading to carbon dioxide emissions (CO2) into the atmosphere. The hydrogen produced through this method is known as grey hydrogen.

17.07 / 05:47

UPS Citi Disney Manufacturing Southern Without Hollywood, What happens to Los Angeles?

Los Angeles County has 88 cities. Ten million people. Two hundred-plus languages spoken.

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