Manufacturing Financial News

05.07 / 18:39

Manufacturing Assurant Strategy Toyota Innova Maruti rolls out its costliest product Invicto at ₹24.79L

NEW DELHI : Maruti Suzuki, India’s leading automaker, is diversifying its premium lineup with the launch of the Invicto, a seven-seater hybrid multi-purpose vehicle based on the Toyota Innova HyCross. Priced at ₹24.79 lakh ex-showroom, it is Maruti Suzuki’s most expensive offering in the market to date. The Invicto will be manufactured at Toyota Kirloskar Motor’s facility in Bidadi, Karnataka, where it also produces all variants of the Innova MPV.

05.07 / 18:39

UPS Provident BLOCK Manufacturing Gap ASEAN India pushes for Asean FTA update on trade gap

NEW DELHI : India has initiated talks with the Association of Southeast Asian Nations (Asean) to address concerns over the rules of origin and trade imbalance. The move is part of ongoing efforts to renegotiate the trade agreement following a significant increase in the trade deficit with the 10-member block. In FY23 alone, the trade gap ballooned by 70% to reach $43 billion, according to a government official familiar with the matter.

05.07 / 18:39

Target Booking Manufacturing Align Remark After Harley, Bajaj-Triumph trains guns on Royal Enfield

NEW DELHI : Bajaj Auto and British luxury motorcycle brand Triumph on Wednesday launched their maiden offerings with two 400cc modern classics, strategically designed to woo the Indian youth. With competitive price points, these motorcycles will directly challenge the revered British marquee brand Royal Enfield that has so far maintained an unassailable dominance with over 70% share in the 350cc-500cc segment in India. The Speed 400, priced ₹2.33 lakh, ex-showroom, enters the market with an exclusive offer of ₹2.23 lakh for first 10,000 bookings.

05.07 / 18:39

COST UPS FIVE Waters Manufacturing R&D Centre Centre releases draft roadmap for R&D for green hydrogen manufacturing, storage

New Delhi: The union ministry of new and renewable energy on Wednesday released the draft roadmap for research and development of green hydrogen manufacturing and storage. As per the draft roadmap, the plans to develop efficient, safe, and cost-effective hydrogen storage methods that enable high-density storage, reduce leakage, and allow for easy and quick refueling.

05.07 / 18:07

UPS Citi Manufacturing Volkswagen Solomonic Audi Audi to unveil electric vehicle manufacturing plans in Mexico -sources

By Daina Beth Solomon and Dave Graham

05.07 / 17:25

COST Provident Manufacturing Platform Strategy Boeing Indus Indigenous US-India, brothers in arms: How to best develop India’s indigenous defence capabilities

Narendra Modi's state visit to the US in June has sparked unprecedented momentum in the India-US defence ties. As competition in the Indo-Pacific escalates, the US is keen to give India access to top-grade military technology and flesh out the latter's role as a 'major defence partner'. But, for Delhi, stronger defence ties with the US are not an achievement.

05.07 / 17:07

UPS Manufacturing NXP Qualcomm Microchip Skyworks Earth These 6 semiconductor companies will feel the pinch of China's rare earth limits

China stated this week that it will put limits on the exportation of two rare metals widely used in producing semiconductors, in a move that will impact some U.S.-listed companies in the sector.

05.07 / 16:55

UPS Target Manufacturing Strategy Toyota Turnover Maruti Suzuki targets doubling its turnover in the decade through 2031

Maruti Suzuki is targeting doubling its turnover in the decade through 2031 and, to achieve this, will invest heavily in new technologies, bring on road more products including half a dozen electric vehicles and increase the production capacity, managing director Hisashi Takeuchi said. The country’s largest carmaker will be taking some “mega steps” over the next few years to strengthen its leadership in the Indian market, Takeuchi said. “Looking at the immense potential of the Indian automobile market, our parent company, Suzuki Motor Corp (SMC), has outlined a robust growth plan.

05.07 / 16:52

UPS Target Manufacturing CEO UBS Wind turbines may see new quality rules

New Delhi: India is looking to tighten wind turbines standards and the ministry of new and renewable energy is likely to announce a quality control order (QCO) soon, people in the know said. The standards will be aimed at meeting the requirements for various equipment used in wind turbines, ranging from gears to blades. The QCO route is increasingly being used by the government to take on China, which is known for dumping products in India.

05.07 / 15:39

Manufacturing Solar India begins anti-dumping probe into import of Chinese aluminium frames for solar panels

India has initiated an anti-dumping probe into imports of aluminium frames for solar panels from China following a complaint by a domestic manufacturer, according to a notification. The commerce ministry's investigation arm Directorate General of Trade Remedies (DGTR) is probing the alleged dumping of 'aluminium frame for solar panels/modules' originating in or exported from China. The application for the investigations has been filed by Vishakha Metals.

05.07 / 15:39

UPS Citi Reuters Manufacturing Action CME Longer-dated US yields edge up after data, Fed minutes eyed

Treasury yields were modestly higher on Wednesday after a softer-than-expected reading on U.S.-made goods and ahead of the release of the minutes from the Federal Reserve's latest policy meeting in June. Factory orders rose 0.3% in May, shy of the estimate of economists polled by Reuters for a 0.8% increase and matching the revised 0.3% rise in the prior month. The manufacturing sector has struggled under the Fed's rapid rate hike cycle.

05.07 / 15:27

COST UPS Manufacturing CEO Platform Stellantis Stellantis unveils new platform underpinning move to electric vehicles

MILAN (Reuters) — Stellantis on Wednesday unveiled its new 'STLA Medium' vehicle platform, the first of four new electric-centric bases that will underpin all future models made by the world's fourth largest carmaker by sales.

05.07 / 15:27

UPS Target Manufacturing Action Fighting Micron China's chipmaking export curbs 'just a start', Beijing adviser warns before Yellen visit

Janet Yellen. Shares in some Chinese metals companies rallied for a second session as investors bet that higher prices for gallium and germanium, which Beijing's export restrictions target, could boost revenues. Germanium is used in high-speed computer chips, plastics, and in military applications such as night-vision devices as well as satellite imagery sensors.

05.07 / 15:27

UPS Provident Cooper Manufacturing Apple Southern Mumbai Taipei Economic and Cultural Center to come up in Mumbai: Taiwan

Taipei Economic and Cultural Center (TECC) in India's financial capital Mumbai in sync with the broader aim of expanding overall cooperation between the two sides. Taiwan's decision to set up the TECC in Mumbai came at a time when leading Taiwanese companies are increasingly looking at relocating their production bases from China to India, the US and countries in Europe amid Taipei's increasingly tense relations with Beijing.

05.07 / 15:27

Manufacturing Rajnath Singh to preside over day-long 'Chintan Shivir' on domestic defence manufacturing

Defence Minister Rajnath Singh will preside over a day-long 'Chintan Shivir' that will focus on ways to bolster national security and boost domestic defence manufacturing. Last month, the Department of Defence, Department of Defence Production, Department of Military Affairs and the Defence Research and Development Organisation organised separate brainstorming sessions with the aim to enhance their productivity.

05.07 / 14:21

UPS FIVE NASDAQ Manufacturing Micron 3 Stocks That Historically Soar in the Second Half

The S&P 500, though lagging behind the Nasdaq, has performed very well so far this year.

05.07 / 14:21

Lowe's NASDAQ Manufacturing NVIDIA Micron Microchip Wall Street slips as investors await Fed minutes

By Bansari Mayur Kamdar and Johann M Cherian

05.07 / 13:57

Blockchain Provident Lowe's Manufacturing Platform Bitcoin Crypto Whales Are Accumulating Green Crypto Ecoterra Before It Lists on Exchanges – $5.8 Million Raised Already

Green blockchain initiative ecoterra is seeing massive adoption amongst sustainability-centric crypto investors.

05.07 / 13:51

COST Twitter Manufacturing Carl Pei visits Nothing’s manufacturing facility in Chennai ahead of launch

Smartphone startup Nothing's founder Carl Pei visited the company's manufacturing facility in Chennai on Wednesday and took to Twitter to say that there has been a significant improvement at the plant in terms of cleanliness, security, and processes when compared to the previous year. His visit comes close on the heels of the Nothing Phone(2) launch that is expected to happen on July 11 in India and other global markets.

05.07 / 13:15

UPS Manufacturing Silver Gold Prices Gold prices remain flat; silver prices climb ₹200

₹59,280 per 10 gram in the national capital on Wednesday. However, silver climbed by ₹200 to ₹71,500 per kilogram.

05.07 / 13:15

Manufacturing Fallout China Roars Back: Bans Export Of Chipmaking Metals Amid Tech-War With U.S; Impact On India

China has decided to impose an export ban on criti... moreChina has decided to impose an export ban on critical rare elements Gallium & Germanium.

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