Manufacturing Financial News

New Delhi: Alstom on Tuesday launched its flagship Young Engineering Graduate Program (YEGP) 2023 with a target to onboard 700 young graduate engineers in India over the next two months. This is the highest-ever intake under this initiative in the country.

NEW DELHI : Government laboratories have received around 300 cough syrup samples for quality testing after the embarrassment of toxic syrups causing deaths abroad. Indian-made cough syrups have been linked to the death of dozens of children in Uzbekistan and Gambia, prompting the government to tighten the export policy for cough syrups.

NEW DELHI : Fast moving consumer goods company Dabur India added five new brands with sales greater than ₹100 crore in FY23, the company said in its fiscal 2023 annual report released to the exchanges on Tuesday. “Today, we have a portfolio of 23 billion rupee brands, brands with sales greater than ₹ 100 crore. The year 2022-23 saw five brands joining this list.

Mankind Pharma, a recent entrant to the stock exchanges, has been included in several Nifty indices, including Nifty500, Nifty Midcap150, Nifty Midcap100 and Nifty200. The decision was taken at a meeting of the index maintenance sub-committee. Mankind Pharma, whose IPO was one of the largest this year, made a healthy debut on the exchanges in May.

By Naomi Rovnick and Xie Yu

Hero MotoCorp on Tuesday said it has started bookings for the Harley-Davidson X440 motorcycle across the country with deliveries expected to commence from October onwards. The 440-cc bike, which is being manufactured by Hero MotoCorp at its Neemrana plant, could be booked online with a booking amount of Rs 5,000. The bookings commenced at 4:40 pm on Tuesday.

extend its voluntary output cut of 1 million barrels per day (bpd) to August, while Russia and Algeria volunteered to lower their output and export levels for August by 500,000 bpd and 20,000 bpd respectively. Also, Asian refiners expect Saudi Arabia to lower prices for its crude supply to the region in August, according to a survey by news agency Reuters, even as the top oil exporter pledged to deepen production cuts as part of a broader deal by the Organization of the Petroleum Exporting Countries and its allies, or OPEC+.

New Delhi: Singapore’s sovereign wealth fund GIC will acquire a 74% stake in Genus Power & Infrastructure’s new smart metering solutions venture for $2 billion, the company said in a press release. Post the deal, Gem View Investment, an affiliate of GIC will hold a majority stake of 74% and controlling rights in the platform, while Genus will hold the remaining 26%, it added.

₹600 crore (around $73 million). The fund is managed by JM Financial AMC as Investment Manager. Mumbai-based JM Financial Group will invest debt capital in local companies via a new fund, adding another asset class to its portfolio that already includes private equity, distressed assets, non-banking finance and mutual funds.

Make In India vision, given Alstom’s products and solutions developed in India are deployed globally," Varghese added. The 14 days program focuses on providing an immersive and engaging experience to all the YEGs, while helping them get a better understanding of Alstom’s business, operations and functions through close interactions with the leadership team.

New Delhi: Hewlett Packard Enterprise (HPE) has partnered with original design equipment maker VVDN to begin manufacturing high-volume servers in India under the revised production linked incentive or PLI scheme. The US-headquartered computing technology and solutions provider will make servers worth over $1 billion over next five years from VVDN’s plant in Manesar, Haryana, the company said on Tuesday.

Or are you someone who likes to wear sports shoes even on the regular office or college days? No matter who you are, you can find something for yourself in this article where we have put together a list of the best Puma sports shoes for men in India. All of the products mentioned in this article are readily available on Amazon and you can get them home delivered to your doorsteps within days. We have ensured to put a brief product description for every pair of shoes here. You will also find the Amazon ratings, price and buying links shared in this article which you can use to place your orders. Get ready to upscale your sports shoes experience with these Puma shoes which are stylish, sturdy and comfortable, all at the same time.

FanCode Shop, the merchandising arm of Dream Sports-owned FanCode, has become the official retail partner of the International Cricket Council (ICC) in India for the ICC Men's Cricket World Cup 2023. As part of the exclusive licensing and merchandising partnership, FanCode Shop will curate official fan merchandise and accessories for the ICC Men's Cricket World Cup India 2023. The partnership will leverage FanCode Shop’s sports commerce and tech capabilities to give fans in India the chance to purchase official and affordable ICC merchandise.

Hero MotoCorp unveiled their first collaborative creation, the Harley-Davidson X440 motorcycle, on July 3 (Monday). This majestic vehicle is a fusion of American muscle and Indian engineering prowess. With its launch, the Harley-Davidson X440 makes history as the first premium motorcycle to be introduced under the licensing agreement between these two brands. It will be manufactured at the company’s Garden Factory at Neemrana, in Rajasthan. Following its official launch, several Harley fans shared their reactions on Twitter. A user wrote, «I thought Hero-Davidson lost the first round to Bajaj-Triumph, but it seems like these new entities would expand the entry-level middleweight bikes market (in India context) instead of cannibalizing each other’s share.»

Kenyan President William Ruto has lifted a six-year ban on logging over the concerns of environmentalists

One of several Japanese officials charged in a widespread bribery scandal involving Tokyo Olympic organizers has been found guilty but avoided jail time

China has imposed export curbs on two metals used in computer chips and solar cells, expanding a squabble with Washington over high-tech trade ahead of Treasury Secretary Janet Yellen’s visit to Beijing this week

Q2 as compared to the last quarter, mentioned a latest report by Cushman & Wakefield. According to the report, the office realty sector continues to witness a positive demand momentum with the half-yearly gross leasing volume standing at 33.1 msf, accounting for 46% of full year volume recorded in 2022 that was a historic high. Anshul Jain, Head of APAC Tenant Representation and Managing Director, India & South East Asia, commented – “India’s office real estate market continues with its growth momentum. A significant reason for its ability to buck the global recessionary headwinds is the rise in domestic demand. The entry of new GCCs and the ongoing expansion of the manufacturing and flex space segments are also helping the office sector widen its demand base. We can expect the exuberance seen last few quarters in office real estate to continue, if the momentum holds.” According to the report, Delhi NCR recorded the highest leasing volume of 3.6 msf which is 24.8% higher than the Q1-23 volumes. Pune and Bengaluru also recorded healthy leasing volumes of 3.1 msf & 3.0 msf respectively. Hyderabad, meanwhile, witnessed an impressive 61.7% Q-o-Q growth with the total leasing volume standing at 2.6 msf,” the report mentioned. The IT-BPM sector is the biggest contributor with 31% share of the total leasing volumes i.e around 5.3 msf. The flexible space, as an emerging asset class has a special role to play, the report further highlights. In H1-23, this segment once again contributed 13-14% to India’s GLV. With close to 15,700 seats take-up by enterprises in Q2, H1-23 saw total absorption of 36,500 seats across top-8 cities.

BEIJING — Chinese President Xi Jinping said Tuesday that Beijing opposes «decoupling and breaking links,» according to a CNBC translation of a Chinese-language state media readout.

Investing.com — Oil prices traded higher Tuesday as the decision by a series of top producers to cut supply has boosted sentiment, overshadowing concerns over slowing manufacturing activity.

By Natalie Grover