Manufacturing Financial News

Subscribe to enjoy similar stories. The Indian Air Force (IAF) is not only short of an adequate number of aircraft to protect our skies, but will see its capabilities weaken over time, unless corrective action is taken immediately. In my estimate, a significant proportion of IAF’s fighter aircraft fleet is down due to a shortage of Russian spares, and the rest are sparingly used to ensure that they don’t fly into a spares crunch.

Union Budget: As India plans to work towards being a viksit nation by 2047, industry body Confederation of Indian Industry (CII) has put forward a 10-point specific suggestion before Prime Minister Narendra Modi-led government for the upcoming Budget 2025 to enable ease of doing business. As per the industry body, all regulatory approvals — central, state and local levels — must mandatorily be provided only through the National Single Window System (NSWS), which they believe will help bring about transparency and speed in the processes. In the first stage, CII suggested that it should be completed for all central ministries within the next six months, followed by bringing on the platform, states, in a phased manner. A dedicated central budget could be allocated for the purpose, especially from the point of view of incentivizing states to shift completely to the portal. Read More: Budget 2025 can position India as the world’s China Plus One hub with manufacturing prowess

Tata Consultancy Services expects its retail and manufacturing clients in North America to step up spending on tech, following a similar upturn in its banking and financial services segment, a top executive of the nation's No. 1 software-services exporter, said. «We have heard about good holiday season sales (in the U.S.) that should boost consumer sentiment and manufacturing has some of the labour issues behind them,» CFO Samir Seksaria told Reuters. «If these three verticals (along with banking) improve overall, we should see a good recovery,» he said.

women in the space is rising. From 20% in 2020, women are now close to a fourth of India’s chip design and engineering workforce of more than 220,000. Their share is expected to rise to over 30% by 2027, while the total workforce is expected to increase by 18-20% over this period, according to data sourced by ET from staffing firm Teamlease Digital. Semiconductor companies like Micron and NXP say that the expansion of the sector will open up more opportunities for women. They are investing in supporting and retaining female employees, expanding the talent pool and creating a pipeline of senior women leaders by chalking out career advancement paths. Micron, which has over 4,000 employees, including contractors, in India, has 28% women’s representation across groups and functions, with IT having the highest share at 30%, said Sharmila Khan, country head, people organisation. Functions like procurement, data science, design engineering are also seeing healthy representation, she said.

Indian gem and jewellery market, currently valued at USD 85 billion, is poised for rapid growth, projected to reach USD 130 billion by 2030 according to the Gem & Jewellery Export Promotion Council (GJEPC), the apex trade body of the gem and jewellery industry. While addressing a press conference Vipul Shah, chairman of GJEPC said “GJEPC has invested Rs 150 crores in the global generic promotion of diamonds till date. To strengthen this effort, GJEPC partnered with De Beers to promote diamonds through Retail Alliance in India, with a formal MoU signed on January 7."” De Beers Group, the world’s leading diamond company, and GJEPC announced the commencement of a strategic collaboration to strengthen the natural diamond narrative within the Indian gem and jewellery trade.

Universal Account Number (UAN) and linking your bank account with Aadhaar to January 15, 2024. The UAN activation and linking of bank account with Aadhaar is necessary to avail of benefits under the EPFO's Employment Linked Incentive (ELI) Scheme. Originally deadline was set for November 30, 2024, it was previously extended to December 15, 2024, before it was extended by one month. PF claim settlement rule change: Now EPF members will get more interest money on EPF withdrawal, faster settlement Employees looking to claim monetary benefits under the Employment Linked Incentive (ELI) scheme must activate their UAN) and link their Aadhaar to their bank account. This mandatory process, overseen by the Employee Provident Fund Organisation (EPFO), is essential for availing the scheme's benefits. The ELI Scheme was announced by Finance Minister Nirmala Sitharaman during the Union Budget 2024 in July. The ELI scheme comprises three variants: A, B, and C.

Subscribe to enjoy similar stories. The first advance estimates released on Tuesday forecast India's growth at 6.4%, the slowest in four years. However, this number will undergo repeated revisions in subsequent releases.

Subscribe to enjoy similar stories. India’s commercial real estate skyrocketed last year primarily on the back of swelling demand from global firms scouring the country for office spaces, according to reports by top property consultants.

Subscribe to enjoy similar stories. New Delhi: The Union government is looking to fire up manufacturing activity—a crucial engine of economic growth that’s significantly slowed—by announcing factory clusters near major infrastructure projects and changes to tax and customs duties in the upcoming Budget.

Signs of strength in Canada’s labour market to close out 2024 are fuelling doubts among some Canadian economists about whether the central bank will deliver another interest cut later this month.

Syrma SGS has signed a pact with Taiwanese PC brand MSI to manufacture laptops for the Indian market. As part of the agreement, Syrma will assemble laptops for MSI at its Chennai facility. The company will be taking a phased approach to localise manufacturing for MSI in India, starting with assembly with a technology transfer from MSI, the company said in a statement Friday. «It not only bolsters our IT hardware manufacturing portfolio but also underscores our ability to deliver high-quality, innovative solutions that meet the needs of global leaders like MSI,» said Satendra Singh, CEO, Syrma SGS.

Subscribe to enjoy similar stories. Tata Consultancy Services Ltd (TCS) delivered what the Street had been eagerly awaiting—an optimistic demand outlook. The management of the IT services major highlighted early signs of recovery in discretionary demand across key sectors such as banking, financial services and insurance (BFSI), and consumer, during its December quarter (Q3FY25) earnings call.

Newron Pharmaceuticals S.p.A. and Myung In Pharm Co. Ltd. on Friday announced that they have entered into a license agreement to develop, manufacture and commercialize Newron’s innovative modulator of the excessive release of glutamate, evenamide, an add-on therapy for treatment-resistant schizophrenia (TRS) and poorly responding patients with schizophrenia, in South Korea.

AI stocks through the years, 2023 and 2024. The S&P 500 index has also become a major gainer in this regard, as it has relied heavily on he likes of Apple, Nvidia, Meta Platforms, Amazon and other Magnificent 7 stocks for its optimum growth in 2024.

US penny stocks in January 2025 itself.

Electric vehicle demand is expected to keep rising this year, but uncertainty over policy changes and tariffs is clouding the forecast

A senior official says Canada is looking at putting retaliatory tariffs on American orange juice, sinks, toilets and some steel products if U.S. President-elect Donald Trump goes ahead with his threat to impose 25% on all Canadian products

electric vehicle industry and meet growing energy storage demand.

Ashwini Vaishnaw on Thursday said that the hydrogen fuel-run train engine developed by Indian Railways has the maximum horsepower in the world. Vaishnaw, who is also the Union Minister in charge of Information and Broadcasting and Electronics & Information Technology, said this while speaking at a plenary session titled «Green Connections: Diaspora's Contribution to Sustainable Development» of the Pravasi Bharatiya Divas convention here.

Kaynes Technologies' (KAYNES) position as a fast-growing, diversified, and backward-integrated player in the electronics manufacturing services (EMS) sector, Motilal Oswal has increased its target price to Rs 9,100, signaling a 31% upside. Kaynes is the only rapidly growing (over 50% growth guidance), well-diversified (catering to over seven end-user industries), and backward-integrated player (OSAT/PCB facilities to commence by FY26) within the EMS space, with a strong focus on value addition (42% box-build share in FY24).