Manufacturing Financial News

Two of Japan’s largest automakers – Nissan and Honda – announced on Monday that they plan to work toward a merger, which would make the combined entity the third-largest vehicle manufacturer in the world.

Subscribe to enjoy similar stories. New-age sectors such as green hydrogen, electric mobility and digital infrastructure have quickly emerged as high-growth stories that investors cannot ignore. These sectors are at the forefront of India’s economic transformation, driven by the government’s push for sustainability and technological advancement.

Squid Game, Netflix’s global phenomenon, is all set to stream on the OTT platform. While the series presents a fictional account of desperate individuals competing in deadly games for a massive cash prize, its origins are deeply rooted in real-life events, inspired by the violent Ssangyong strikes of 2009. A factory transformed into a war zone, riot police wielding tasers, and an activist enduring 100 days atop a chimney—the real-life unrest that inspired Netflix’s most successful show bears all the elements of a gripping TV drama.

A powerful government panel has failed to reach consensus on the possible national security risks of a nearly $15 billion proposed deal for Nippon Steel of Japan to purchase U.S. Steel

Newmalayalam Steel would be finalised later today, with the company's shares set to debut on the NSE SME platform on December 27. The Rs 42 crore SME IPO received a decent subscription of over 50 times at close, driven by strong bidding from retail investors. Firstly, here's how you can know the status on NSE

Concord Enviro Systems IPO is likely to be finalised later today or tomorrow morning. Investors will get shares on a lottery basis and the whole process was supervised by the registrar. On the allotment date, investors get to know about the number of shares allotted to them as against the bids made. They can check the allotment status through the BSE or by visiting the registrar's website. Here's how you can check the status on BSE or even on the registrar's website.

Subscribe to enjoy similar stories. India’s external trade, navigating a phase of uncertainty owing to the European Union's new carbon tax on imports and slowing consumption in Europe, is set face further pressure. The US will likely seek lower tariffs in the coming year as President-elect Donald Trump, who has charged New Delhi with imposing high tariffs, assumes office in January.

Subscribe to enjoy similar stories. Homemade bullet trains may belt down specialised railway corridors in the not-too-distant-future.

Subscribe to enjoy similar stories. After two consecutive quarters of sluggish economic growth, policymakers and economists are banking on a turnaround in the second half of the fiscal year, driven by increased government spending, a boost from the ongoing festive season, and resilient rural consumption.

A chemical company official has been charged in connection with the unauthorized discharge of oil that left a miles-long dark, oily sheen on the Flint River in Michigan

customs duty exemptions for certain imported components such as bulk drugs used to manufacture certain insulins, raw material to produce rough lab grown diamonds, plastics used to manufacture optical fibre, components used in LED and LCD TV panels and goods required for coal mining and power generation to boost their local manufacturing.

industrial projects with a total investment of Rs 9,823.31 crore, which are expected to create approximately 5,605 jobs. The projects were approved at the 64th meeting of the State High Level Clearance Committee (SHLCC), headed by Karnataka Chief Minister Siddaramaiah.

Subscribe to enjoy similar stories. Some are calling it a “Lost Decade." More than 10 years into the Xi Jinping era, it has become clear that much of China’s growth under his watch was driven by unsustainable borrowing, real estate speculation and investments in factories and infrastructure the country didn’t really need. Difficult reforms that could have unlocked more durable growth, such as steps to increase consumer spending, were neglected in favor of policies designed to bolster Communist Party control.

Fertilizers & Micronutrient Mixtures for agricultural needs, proposes to open its Initial Public Offering on December 26, 2024, aiming to raise Rs 44.80 crore with shares to be listed on the NSE Emerge platform. The issue size is 3,20,00,000 equity shares with a price band of Rs 13 — Rs 14 per share and face value of Rs 2 each. The lot size is 10,000 equity shares.

offer for sale (OFS) worth Rs 179 crore, with the issue set to close on December 23. Subscriptions from retail investors stood at 77.42 times, while non-institutional investors had subscribed 121.49 times on the final day. Meanwhile, qualified institutional buyers subscribed to 4.90 times the allotted portion.

thematic funds receiving the highest inflows in 2024, experts believe that investors should keep an eye on market trends or sectoral changes or invest in a good diversified or flexicap fund and let the experts manage it for them. An expert believes that sectoral and thematic funds have gained a lot of attention due to their ability to tap into specific growth areas as visible in their performance in calendar year 2024. Now whether they will continue to be investors’ favourite depends mainly on the economy and market movement. Also Read | Gold ETF vs Silver ETF: With both offering 20% returns in 2024, where should you allocate more?

₹149.5 crore via its anchor book, which was initiated on December 20, prior to its IPO. The company has allocated half of the total issue size for qualified institutional buyers (including a portion of up to 60 percent designated for the anchor book), 15 percent for non-institutional investors, and the remaining 35 percent for retail investors.The Initial Public Offering (IPO) of Unimech consists of a fresh equity issuance of up to ₹250 crore alongside an offer for sale (OFS) not exceeding ₹250 crore by selling shareholders from the promoter and promoter group.

₹179.39 crore, will close for subscription on Monday, December 23. After two days of bidding the issue was booked 37.34 times.The Qualified Institutional Buyers (QIB) portion was subscribed 4.74 times, the Non-Institutional Investors (NII) segment was booked 49.45 times, and the Retail segment was subscribed 50.55 times.

Sumit Gupta, AVP-Research, Centrum Broking, says the government is providing a push towards manufacturing and R&D. Indian pharma has technical know-how. Now, the government wants to do technical ‘know-why’. Say Indian companies are currently doing CDMO manufacturing for MNC players. The government wants us to do R&D, build on some basically blockbuster drugs and then outsource that to some other countries. In one of your recent reports, you say that the government policies are expected to aid the long-term growth of the pharma space. The government is focusing on the R&D side, they are focusing on building and promoting bulk drug parks. How do you see the domestic companies benefit out of the same and amongst this whole sector, which particular segment is expected to benefit the most? Sumit Gupta: The government is focusing on promoting R&D and manufacturing in the pharmaceutical sector and these policies will be catering to or helping the overall sector for the medium to long term. So, the policies like bulk drug parks or the PLI for the pharma scheme or PLI for manufacturing critical APIs, drug intermediaries and KSMs or PLL for medtech. These are some of the sectors which are expected to benefit from government schemes.

Subscribe to enjoy similar stories. Deep Tech encompasses groundbreaking ideas rooted in science and engineering, tackling major global challenges. These innovations stem from fundamental research with specific commercial applications.

Subscribe to enjoy similar stories. A dozen companies including state-run Bharat Heavy Electricals Ltd (Bhel) and the Indian entity of Korean automaker Kia Motors will be excluded from the production-linked incentive (PLI) scheme for automobiles and auto components, two people aware of the matter said, since these companies have made no investments under the scheme since it was launched in 2021. Some of these companies including Kia India Pvt.