Manufacturing Financial News

Embrace practicality without sacrificing elegance and invest in the best umbrella under 800 that offers both functionality and fashion-forward appeal, all at an incredible value.

The eco-friendly crypto project has raised a whopping $6 million investment from early investors as it gears towards the last lap of its burgeoning presale. 

Department for Promotion of Industry and Internal Trade (DPIIT) has notified Quality Control Orders (QCO) on potable water bottles and flame-producing lighters, which will come into effect six months from the date of notification. “These QCOs aim to strengthen the quality ecosystem in India and enhance public health and safety of consumers,” the commerce and industry ministry said in a statement Tuesday.

Attitudist, a direct to consumer (D2C) footwear brand, aims to generate Rs 100 crore in annual sales by 2025, helped by surging demand for handcrafted vegan products. The company, launched during the peak pandemic period in July 2020, clocked Rs 25 crore in two years after operations, and sources products from small handcrafted manufacturers.

₹1.97 trillion, Industrial Corridor Development Programme and National Logistics Policy, among others, have been successful in achieving their respective goals. The fact that rapid growth in services preceded quick expansion of India’s manufacturing sector, unlike what tends to be the case in most other countries, is an oft-repeated observation. Given this scenario, India’s vigorous manufacturing push is timely and well needed.

The Organisation for Economic Co-operation and Development (OECD) is a 38-member bloc, spanning mostly wealthy nations but also some emerging economies like Mexico and Estonia. There is little evidence the emergence of AI is having a significant impact on jobs so far, but that may be because the revolution is in its early stages, the OECD said. Jobs with the highest risk of being automated make up 27% of the labour force on average in OECD countries, with eastern European countries most exposed, the Paris-based organisation said in its 2023 Employment Outlook.

India is demanding higher standards from small and medium-sized drugmakers, the health minister said on Tuesday, in a bid to improve product quality after Indian-made cough syrups were linked to deaths of children overseas. India's image as the «pharmacy of the world», offering cheaper alternatives to Western products, took a hit following the deaths of at least 89 children in Gambia and Uzbekistan last year after consuming cough syrups made in India.

ITC has hiked the salary of its Chairman and Managing Director Sanjiv Puri to Rs 16.31 crore in the financial year 2023. The salary component comprises performance and long-term incentives of a whooping Rs 12.8 crore. The top executive's salary is also 326 times higher than the median remuneration paid to all employees.

By Stephen Nellis

Bajaj Auto on Tuesday said it will collaborate with top universities and engineering colleges to set up training centres where students can get hands-on experience to upskill themselves. The training centres will impart advanced skill training to engineering graduates — with both degrees and diplomas — and help address the skill gap in the manufacturing industry, Bajaj Auto said in a statement.

Whenever the United Auto Workers union begins negotiating a new contract with Detroit’s three automakers, threats of a strike are typically heard among union members

An industry group says China’s auto sales rose 8.8% over a year earlier in the first half of 2023 as electric vehicle purchases surged

The information has been sourced from StockEdge and data pertaining to stocks which have surpassed 50-SMA on July 11, Tuesday will be updated later today after market hours.1. Gujarat Alkalies and Chemicals Gujarat Alkalies And Chemicals, a leading chemical manufacturing company, experienced notable growth on July 10, 2023. The stock closed at Rs 688.10, surpassing the 50 SMA of Rs 675.94.

The crossing of the 200-day Simple Moving Average (SMA) is important as it confirms long-term trends, identifies support and resistance levels, reflects investor sentiment, and provides signals for potential reversals or continuations, making it a valuable indicator for investors and traders. Let's explore the performance of these stocks and learn about the companies driving their success. (Data Source: StockEdge)1. PokarnaPokarna, a renowned manufacturer and exporter of natural stones, demonstrated remarkable growth on July 11, 2023.

FMCG business has recorded a 21 per cent rise in annual consumer spend to nearly Rs 29,000 crore in 2022-23, according to the latest annual report of the company. ITC operates in the FMCG space with 25 home-grown brands. The company measures annual consumer spend as the sum total of what the consumer spends on buying the goods of the company.

BSE MidCap stocks displayed impressive performance as ABB India, Bharat Electronics, Polycab India, CG Power and Industrial Solutions, Samvardhana Motherson International, Muthoot Finance, Power Finance Corporation, and REC reached new 52-week highs. The data was sourced from BSE at 12.50 pm, and the updates from the real-time data could come with a lag. The below data also pertains only to the time at which it was taken.1. ABB IndiaABB India, a leading global technology company, soared to new heights as its stock reached a 52-week high of Rs 4,521.35.2. Bharat ElectronicsBharat Electronics, a premier defense electronics company, achieved a significant milestone by hitting a 52-week high of Rs 127.95.3. CG Power and Industrial SolutionsCG Power and Industrial Solutions witnessed a remarkable surge as its stock touched a new 52-week high of Rs 398.80.4. Samvardhana Motherson InternationalSamvardhana Motherson International, a leading automotive component manufacturer, achieved a new 52-week high of Rs 93.5. Muthoot FinanceMuthoot Finance, a renowned non-banking financial company, witnessed strong market momentum as its stock surged to a 52-week high of Rs 1,279.35.6. Power Finance CorporationPower Finance Corporation, a leading financial institution in the power sector, demonstrated strong performance as its stock touched a 52-week high of Rs 230.40.7. Polycab IndiaPolycab India, a leading manufacturer of wires and cables, witnessed a significant breakthrough as its stock surged to a new 52-week high of Rs 3,745.95.8. RECREC Limited, a government-owned infrastructure financing company, achieved a new milestone with its stock touching a 52-week high of Rs 171.

₹1,270 (as of July 11), the stock is still up around 90% from its issue price of ₹672. Part of the enthusiasm is undoubtedly due to a strong bull market. However, Ideaforge is a cutting-edge technology company – a market leader in unmanned aerial vehicles (UAV).

Semiconductors and Display Fab Ecosystem." We have been actively reviewing the landscape for optimal partners. We welcome a diverse set of stakeholders, both inside India and abroad, who also want to see India get to the next level and can complement Foxconn’s world-class supply chain management and manufacturing efficiency.

Galaxy Surfactants Ltd, and Anupam Rasayan Ltd, to post better results than players in the bulk chemical and refrigerant gas industries, such as Aarti Industries Ltd, Deepak Nitrite Ltd, SRF Ltd, and Gujarat Fluorochemicals Ltd (GFL). "In the current scenario, we expect players such as PI Industries, Galaxy Surfactants, Anupam Rasayan to continue to witness earnings growth while Aarti Industries, SRF, GFL and Deepak Nitrite faces the earnings downgrade risk," the brokerage added.

The government’s intervention in the east coast gas market has delayed getting much-needed gas to buyers, in some cases by more than 12 months, say chief executives of small producers who point to policy moves that have made developing gas tougher.

Nothing is all set to unveil its second generation flagship smartphone Phone (2) in an Known for its iconic transparent design, Phone (2) comes with Snapdragon 8+ Gen 1 chipset. It will be pre-loaded with Nothing OS 2.0, with a new-and-improved user interface. According to Nothing, Phone (2) is one of the most sustainable smartphones with recyclable materials and plastic-free packaging.