Manufacturing Financial News

space has never been more compelling. Over the past few years, challenges to manufacturing, launching and operating satellites and other space-based assets have diminished significantly.... An important driver of growth in the space sector has been increased private sector investment.

Exxon Mobil is paying almost $5 billion to buy Denbury, a pipeline operator that moves carbon dioxide, increasing its bet that it can make money collecting other companies’ emissions. The deal represents a slight premium for Dallas-based Denbury, which was valued at around $4.4 billion Wednesday. The company emerged from bankruptcy in 2020 and has benefited from the Biden administration’s signature climate bill by expanding its foothold in carbon capture and tapping into billions in government tax credits.

Musk said Indian Prime Minister Narendra Modi was pushing the car maker to make a "significant investment" in the country. He had added that such an announcement was expected soon. (With inputs from agencies)

For decades, selling to China has been a key ingredient in Germany’s recipe for economic success. Now, Berlin wonders if its partner has gotten too close for comfort. On Thursday, Germany released its first-ever “China strategy," an attempt to balance the relationship’s huge economic benefits with the need to manage risks posed by Beijing’s increasing authoritarianism at home and assertiveness abroad.

Lamborghini has unveiled its most technologically advanced race car to date, the Lamborghini SC63 LMDh. This exceptional vehicle will make its debut at the prestigious 2023 Goodwood Festival of Speed. At first glance, the SC63 may not immediately scream Lamborghini, but upon closer inspection, the distinctive design elements come to the fore.

free trade agreement (FTA) talks with the European Union have sparked an interest from overseas investors and manufactures in the country. The World Trade Center (Pune) is receiving 10-15 inquiries every week from European companies who are keen to manufacture or distribute from India. “There is an influx of inquiries from Europe for India for manufacturing and distribution.

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renewable energy (RE) installations in FY24 are to be around 20 GW, led by the solar sub-segment, CareEdge Ratings said on Thursday. This is based on the healthy pipeline of over 55 GW assets under development. The subsequent year is expected to see installations of 25 plus GW, leading to a cumulative increase of 45 GW over the next two fiscal, the rating agency said in a sectoral note. The solar sub-segment is expected to lead the way in terms of installations, followed by wind and hybrid capacity. The commercial and industrial segment is also expected to contribute significantly to future capacity additions. These projections are based on the government's commitment to ensuring the bidding of approximately 50 GW of annual capacity for the next five years to facilitate the achievement of the target of 500 GW capacity through non-fossil fuel sources by 2030. This will require annual RE installations to exceed 40 plus GW. The trajectory for FY24 includes 10 GW of wind capacity and 40 GW collectively from solar, hybrid, and storage-based capacity. Additionally, key states like Gujarat, Maharashtra, and Karnataka, among others, are actively conducting state-specific auctions to support further capacity additions.

Perrigo's contraceptive drug, making it the first non-prescription birth control pill in the United States. The availability of Opill without prescription could allow people to obtain an oral contraceptive without the need to first see a health care provider, the FDA said.

Let's delve into the stocks that crossed their 20 SMA on July 12, 2023, and provide a brief overview of these companies. (Data Source: StockEdge)1. DLF DLF crossed its 20-day SMA of 491.83, closing at 492.4 on July 12, 2023.

Wholesale prices in the United States decelerated again last month, the latest sign that inflationary pressures are easing in the face of the Federal Reserve’s streak of interest rate hikes

New Delhi: India’s renewable energy sector is poised for a major expansion, with projections suggesting an increase of around 45 gigawatts (GW) by the fiscal year 2025, according to a report from CareEdge Ratings. This boom in capacity is attributed to a substantial project pipeline and an attractive bidding roadmap luring developers into the space. CareEdge anticipates annual additions to the renewable energy capacity to oscillate between 20 and 25 GW over the upcoming two fiscal years, driven by a robust pipeline of over 55 GW assets in development.

Sheela Foam Ltd, which owns the popular household brand Sleepwell, expects Vande Bharat sleeper trains to open up business opportunities for mattress makers in the country. "India Railways has been boosting its efforts to improve the infrastructure of coaches and finding new space for import substitution such as the supply of foams to the railways, which were earlier imported. About 400 new energy-efficient Vande Bharat trains will be introduced by 2025, is about ₹40,000 crore of business coupled with jobs and other spin-off benefits," the company said in an investor presentation.

Patanjali Foods was fully subscribed on July 13, 2023. The offer was for a total of 2.53 crore equity shares at a price of ₹1,000 per share representing a 19% discount to the previous close of ₹1,228.05. The offer was open to qualified institutional buyers (QIBs) and non-resident Indians (NRIs).

The politics of inflation took a sharp turn with a new report showing consumer prices rose at the slowest pace since the early months of Joe Biden’s presidency

More than one third of all U.S. energy consumption, and thus a significant source of climate change, is from heating and cooling homes and buildings

China has reported its exports tumbled 12.4% in June from a year earlier as demand weakened after central banks raised interest rates to curb inflation

Also read: India's Moon Mission: As Chandrayaan-3 set to launch tomorrow; team of scientists visit Tirupati temple to offer prayers L&T supplied ground and flight umbilical plates, manufactured at its hi-tech Aerospace Manufacturing Facility in Coimbatore. Mr.

Economy will cross 4 trillion in 2024 -25 and the per capita nominal GDP will also cross $2800, said an analysis conducted by the industry body, PHD Chamber of Commerce and Industry. The pace of economic activity is expected to remain strong on the back of various structural reforms undertaken by the government during the last 3 years, noted the study, showcased during a seminar organised by the PHDCCI yesterday.

Elon Musk finally launched his highly anticipated artificial intelligence startup, xAI. The company's team consists of engineers recruited from major U.S. technology firms, which Musk aims to rival as he strives to create an alternative to ChatGPT.

Mazagon Dock Shipbuilders with France's Naval Group, the report added. The ageing fleet of India's Russian-made platforms, Moscow's inability to perform maintenance work, and delays in India's indigenous manufacturing plans for parallel platforms have necessitated the two new defence deals. Details on the deal value are not known yet, Reuters said.