Manufacturing Financial News

Health Minister Mansukh Mandaviya on Tuesday met representatives from Pharma Companies from the MSME sector. During the meeting, Mandaviya emphasised that it is important for MSME Pharma Cos. to be alert to the quality of drugs and expeditiously move towards Good Manufacturing Processes (GMP) through self-regulation.

“In order to establish more MSMEs in the area of manufacturing production or in the service sector or the businesses sector, we have come up with Mukhya Mantri Udyam Kranti Yojna. Under this scheme, we are giving 3% interest subvention for loans ranging between the amount of Rs 50,000 to Rs 50 lakh.

BSE SmallCap stocks showcased exceptional performance on Tuesday, July 11 as Apollo Tyres, Bombay Burmah Trading Corp, KIMS Hospitals, CCL Products, Chalet Hotels, IIFL Finance, Kalyan Jewellers, Manappuram Finance, and Mazagon Dock Shipbuilders reached new 52-week highs. The data was sourced from BSE at 1.15 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. Apollo TyresAutomotive tyre manufacturer Apollo Tyres soared to new heights as its stock reached a 52-week high of Rs 433.15.2. Bombay Burmah Trading CorporationDiversified conglomerate Bombay Burmah Trading Corp achieved a significant milestone by hitting a 52-week high of Rs 1,159.85.

New Delhi: Renewable energy solutions provider Suzlon Group has bagged order for a 47.6 MW wind power project from KP Group in Gujarat, the company said in a statement on Tuesday. The project, located at Vagra in Bharuch district in Gujarat, is expected to be commissioned in 2024.

New Delhi: Actor and entrepreneur Suniel Shetty has invested in a new healthcare venture The Biohacker, a full-service integrative health and wellness clinic founded by Lalit Dharmani. “I’m excited about ‘The Biohacker’ as it is definitely my wisest collaboration till date since it explores the impact of the approach of biohacking on our personal health and society. There is rapid growth in the healthcare and fitness sector to improve the lifestyle of people, and, ‘The Biohacker’ interests me because of their approach towards wellness, starting right from the diagnosis to therapeutic treatments by using high-end technology," Shetty said in a statement.

China is escalating its chip war with the United States by imposing export controls on the overseas sales of gallium and germanium, elements essential to making semiconductors, CNN Business reported. China's trump card is seen as the counter-attack to potential US tightening of [its] AI chip ban. «We see this as China's second, and much bigger, countermeasure to the tech war, and likely a response to the potential US tightening of [its] AI chip ban,» said Jefferies analysts as cited by CNN Business.

Cilio Technologies, LLC, has acquired AutomationFactory.AI, the company said on Tuesday. AutomationFactory.AI is a Noida-based, end-to-end digital transformation and product development firm.

Bajaj Auto, Bharti Airtel, HDFC Life, JSW Steel, Reliance Industries, and Tata Motor DVR hit new 52-week highs. The data was sourced from BSE at 12.15 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. Bajaj Auto Bajaj Auto, a leading two-wheeler and three-wheeler manufacturer, soared to new heights with its stock reaching a 52-week high of Rs 4,952.2. Bharti Airtel Bharti Airtel, one of the largest telecommunications companies in India, achieved a significant milestone by hitting a 52-week high of Rs 893.3. HDFC Life HDFC Life, a leading life insurance company, witnessed a remarkable surge as its stock touched a new 52-week high of Rs 684.70.4. JSW Steel JSW Steel, a major player in the Indian steel industry, demonstrated strong market momentum as its stock surged to a 52-week high of Rs 817.65.5. Reliance Industries Reliance Industries, a conglomerate with interests in various sectors including petrochemicals, telecommunications, and retail, achieved a significant milestone by hitting a 52-week high of Rs 2,764.50.6. Tata Motor DVR Tata Motor DVR, a differential voting rights (DVR) stock of Tata Motors, touched a new 52-week high of Rs 337.50.

In a bid to expand its operation in India, Electronics giant Foxconn is planning to apply separately for setting up a semiconductor manufacturing unit in the country, the company said on Tuesday. Taiwanese electronics manufacturing giant Foxconn is working to apply separately for setting up a semiconductor manufacturing unit in India, the company said on Tuesday.

₹10 lakh to ₹20 lakh vehicle category for the financial year 2022-2023. The company has reportedly become the number one player in the segment. As reported by Autocar India, the company’s market share rose to 22% in the first quarter of FY24 (April-June 2023), thanks to more demand for its premium SUVs.

Tata Group is closing in on an agreement to acquire Apple's supplier factory in India. The factory could be acquired by August and once closed this will be the first time a local company will start assembling iPhones.

Berlin | Mining and clean-energy billionaire Andrew Forrest is poised to set up a new battery manufacturing hub in the US, as Fortescue Future Industries tries to reap the benefits of President Joe Biden’s $US369 billion ($550 billion) Inflation Reduction Act.

weather conditions can pose risks to our safety and well-being. Thankfully, modern smartphones offer the capability to receive important weather alerts directly to our devices.

New Delhi: Larsen & Toubro (L&T) on Tuesday said it has signed a master ship repair agreement (MSRA) with the United States Navy. In a statement to stock exchanges, the engineering behemoth said that the agreement follows an elaborate assessment of the company’s state-of-the-art Kattupalli shipyard near Chennai, undertaken by the US Navy and the Military Sealift Command. The shipyard is also qualified by the Indian Navy and the Indian Coast Guard for warship refits.

Vedanta declined almost three per cent in morning trade on BSE on Tuesday, a day after Taiwan-based firm Foxconn said it had decided to pull out of a $19.5 billion semiconductor joint venture (JV) with Vedanta. The stock opened at ₹275 against the previous close of ₹282.25 and fell 2.6 per cent to ₹274.90 soon.

Investing.com — Heavyweight Chinese technology stocks rose on Tuesday, extending a recent run of strong gains as traders bet on a clearer regulatory outlook for the sector, while expectations of more stimulus measures also aided sentiment.

₹1114.45 apiece in NSE, logging around 18 per cent loss from its life-time high of ₹1343.95 apiece. So, after bumper listing on Friday, this drone maker company's share price has fallen around 18 per cent that may attract bargain hunters of Indian stock market.

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Hurriyat and banned Jammu Kashmir Liberation Front in Kashmir. The police made the arrests in a case registered at Kothibagh police station in Srinagar under sections 10, 13 of Unlawful Activities Prevention Act and section 121A of IPC. The police claim that the arrested persons and others were allegedly planning to revive these organisations on the directions of Pakistan based handlers.

Rep. Mike Lawler, R-N.Y., discusses U.S. tech titans attending the state dinner for India Prime Minister Narendra Modi and China's rising aggression.

Vedanta: Foxconn Technology Group has pulled out of its joint venture with Vedanta Ltd which had planned to invest $20 billion in India for setting up a semiconductor fabrication unit, display unit and semiconductor assembly and testing unit. The 60:40 partnership could have set up the country’s first semiconductor manufacturing unit under the $10 billion government-backed financial incentive scheme and was once estimated to be ahead of two other consortia in the fray for getting the sops.