Manufacturing Financial News

semiconductor chips continues to impact the issue of chip-baseddriver’s licences and automobile registration cards, to the frustration of new vehicle owners. During most of 2022 and the beginning of 2023, disruption in the supply chain and the Russia-Ukraine war caused a shortage of chips that meant that smart drivers’ license were not issued, said Pethi Sarguru, CEO of Versatile Card Technology( VCT) one of the largest manufacturers of smart cards used for PAN cards and voter IDs. Tenders for manufacture of these smart documents are yet to be floated in multiple states, said several persons aware of the situation.

Narendra Modi's visit to Paris mentioning support for the proposal. «In the future, India and France will extend their ground-breaking defence cooperation in advanced aeronautical technologies by supporting the joint development of a combat aircraft engine,» the roadmap document issued as part of the visit stated. Safran has been in talks with India to jointly develop a new 110 kilonewton powered engine for next generation advanced multiple combat aircraft since 2016, as part of the offsets contract for the Rafale fighter jet purchase by the Indian Air Force. However, talks had hit a road bump over technical talks, with Safran and DRDO finding it difficult to come to an agreement on how to develop a sufficiently powered engine. In the meantime, USA emerged as the frontrunner for the Indian fighter jet engine requirement, with GE bagging a deal to manufacture its F 414 engines in India as part of the Tejas Mk 2 program. The deal have an edge to GE for offering technology to develop a higher powered 110 kn engine. India has a requirement of several hundred fighter jet engines to power not just the AMCA but other future aircraft like aircraft carrier-based fighters.

Lithium is the new gold. This soft, silvery white metal is essential for a range of products — from batteries of electric vehicles, mobile phones and laptops to hydrogen fuel storage, air conditioning systems and pharmaceuticals. Even though a vast array of industries hinges on this single metal, India does not produce even a kilogram of it.

Chinese Auto major BYD Co wants to invest a billio... moreChinese Auto major BYD Co wants to invest a billion dollars to set up EV manufacturing and battery factories in India.

Play Games on your PC, it is essential to ensure that your computer meets specific requirements. Additionally, there are several other important factors to consider when downloading Play Games on your PC. To download Play Games on your PC, follow these steps: To ensure smooth gameplay of mobile games on your PC, you need to enable virtualization settings in Windows.

Jeep SUV owners in the country can avail a complimentary 40-point health check-up for their vehicle. In addition, the auto manufacturer is giving a free alignment and balancing with four tyre replacements.  Jeep SUV owners will also get 10 percent discounts on select accessories and spare parts along with car care treatments.

Hindustan Times, the focus of PM Modi was to marry India's talent and workers with the high-end technology of France to produce platforms for the time to come. Despite the media's exclusive attention on 26 Rafale M fighter jets and three Scorpene submarines, the two leaders reached an agreement to construct compact diesel-powered attack submarines for nations in the Indo-Pacific region that face aggression from China.

New Delhi: A majority (90%) of urban consumers surveyed in India want food and beverage brands to prominently display the use of artificial sweeteners, wherever applicable, on the front of the pack, according to a survey by LocalCircles. The survey findings suggest that 38% urban Indians consume artificial sweeteners, while one in three consume it every month in the form of diet soda or chewing gum. Sugar-free chocolates and ice cream are other most popular foods with artificial sweeteners among consumers, the survey findings revealed.

₹90,000 camera lens. Earlier this month, Arun Kumar Meher ordered a Sigma 24-70 f 2.8 lens from Amazon. Mehre received the order on 6 July but as he opened the package, he alleged that instead of the camera lens, it contained quinoa seeds, Indian Express reported.

Narendra Modi's visit to France, New Delhi, and Paris signed an MoU to fabricate submarine and surface combatants and parts in Mumbai and Kolkata respectively for export. The move will boost PM Modi’s “Make in India" initiative as Mazagon Dockyards Limited will jointly develop and manufacture Scorpene class submarines with French Naval Group for a third country. In addition to this, a Memorandum of Understanding (MoU) was also signed between Garden Reach Shipbuilders and Engineers Ltd.

Los Angeles County has 88 cities. Ten million people. Two hundred-plus languages spoken. And a nine-letter sign that, for much of the world, defines the entire region: HOLLYWOOD. Los Angeles has long been regarded as the global «company town» for show business, and as a rare actors strike upended the signature industry this week, the potential for cascading economic impacts across Southern California has emerged as a critical local issue. But economists disagree on just how extensively the simultaneous actors and writers strikes will be felt. Even by the most generous estimates, Hollywood has never supported more than about 5% of employment in a region where many more people work in trade, health care, government and even Southern California's diminished manufacturing sector. Yet Hollywood pervades Los Angeles life in ways as big as a movie backdrop or as small as a street detour on some awards night. For many, the ceased productions and darkened premieres are not just a threat to the flow of dollars to restaurants and retailers that cater to film crews, but also a blow to the region's cultural heart. «To the extent that Hollywood defines America's idea of where I live, Hollywood's troubles become my troubles,» said D.J. Waldie, a cultural historian in Southern California. «When Hollywood stops, a great many things stop here, and not just a few studios.»

investing in drone stocks has attracted significant attention. One such drone company, in particular, has gained significant investor's attention by surging over 45% in the past three days. The company is none other than Zen Technologies.

CEPA a historical landmark, considering that it was signed within 88 days of negotiations, but it also provided a blueprint for other ongoing trade negotiations, including with the Gulf Cooperation Council (GCC) countries. CEPA envisions to grow the total value of merchandise trade between both countries to $100 billion by 2027.

India and the UK are working to iron out differences on issues like intellectual property rights (IPRs) and rules of origin under the free trade agreement being negotiated by the two countries, a top government official said on Friday. The 11th round of talks is underway in the UK for the agreement. Negotiations for the trade agreement started in January 2021.

Defence Staff (CDS) General Anil Chauhan said on Friday. Addressing the inauguration of the DRDO Directors' Conclave here in New Delhi, General Chauhan said that the need to perform, reform, transform, inform and conform to meet the emerging challenges. Referring to the «Technology Requirements emerging from Theaterisation», he said superiority in technology and tactics is the need of the hour and Indian Armed Forces are investing in new technologies to win engagements.

Rafale fighters to equip the Indian Navy with the advanced combat jets. According to French aerospace company, Dassault Aviation, 26 Rafale fighters for the Indian Navy will add to the 36 advanced fighters that are already in service. «This decision comes after a successful trial campaign held in India, during which the Navy Rafale demonstrated that it fully met the Indian Navy's operational requirements and was perfectly suited to the specificities of its aircraft carrier,» Dassault Aviation said. «This selection confirms the excellence of the Rafale, the exceptional quality of the link between Dassault Aviation and the Indian Forces, and the importance of the strategic relationship between India and France,» it added. India's Defence Acquisition Council (DAC), chaired by Defence Minister Rajnath Singh, granted Acceptance of Necessity (AoN) for the procurement of 26 Rafale Marine aircraft for the Indian Navy on Thursday.

Nirma Ltd. and PAG-backed Sekhmet Pharmaventures are among the shortlisted bidders for a controlling stake in Glenmark Life Sciences Ltd., according to people familiar with the matter. The suitors have entered the final round of bidding for a stake of about 83% in the Mumbai-listed company held by Glenmark Pharmaceuticals Ltd., said the people, who asked not to be identified as the information is private.

BYD and Hyderabad-based Megha Engineering and Infrastructures Limited (MEIL) have submitted a joint proposal for setting up a 10,000-15,000 unit four-wheeler making factory in Hyderabad. According to officials aware of the development, the investment will be close to $1 billion and proposals have been pitched to the Department for Promotion of Industry and Internal Trade (DPIIT). «Investment for the project is going to be made by Megha while the technology and knowhow will come from BYD,» one of the persons associated with the plan told ET, adding that equity structure of the joint venture and mechanisms to send back royalty to BYD are being deliberated.Olectra Greentech, a unit of MEIL has already developed electric buses with technical support from BYD.

₹355, lower than ₹358 in previous quarter and ₹365 a year ago, as per Motilal Oswal Financial Services data. According to analysts, companies are chasing volumes amid strong demand, and the quest for market share is putting pressure on prices. Analysts expect no significant improvement in per-tonne profitability of cement manufacturers, even though lower energy costs cushion operating profits.

₹15.4 crore. This order marks the company's largest single order to date. Inflame Appliances will manufacture and supply the chimneys from its plant in Panchkula, Haryana, with the execution expected to be completed within the next two months.

El Niño, the warm current in the Pacific Ocean that is exacerbating bad weather in the Global South. Check out this Plain Facts piece and its 6 charts to understand why the world could be staring at a food shortage. On the other side of the coin, Sayantan Bera explained why India should consider limiting the advertising of junk food, based on the World Health Organisation's recommendations.