Manufacturing Financial News

Subscribe to enjoy similar stories. Your next pack of cookies could be lighter than the one you got for the same price last time. Welcome back to shrinkflation, where manufacturers reduce pack sizes to make up for costlier ingredients.

The U.S. ambassador to Vietnam says U.S. arms manufacturers could help the southeast Asian country build up its armed forces

Carraro India Ltd, the manufacturer of transmission systems for off-highway vehicles and other agricultural and construction equipment, on Thursday said it has garnered Rs 375 crore from anchor investors, ahead of its IPO opening for subscription. Aditya Birla Sun Life Mutual Fund (MF), HSBC MF, UTI MF, Sundaram MF, Motilal Oswal MF, Kotak Mahindra Life Insurance Company, Bajaj Allianz Life Insurance Company, Tata AIA Life Insurance Company and SBI General Insurance Company are among anchor investors, according to a circular uploaded on BSE's website. According to the circular, Carraro India has allotted 53.27 lakh equity shares to 33 funds at Rs 704 apiece, which is also the upper end of the price band. This aggregates the transaction size to Rs 375 crore.

capital expenditure and to invest in overseas subsidiaries, and Rs 325 crore through an offer for sale by promoters and an investor. The promoter group's stake will fall to 51.4% after the IPO from 60.9%. The company has international operations and operates in a high potential sector. However, it needs to show consistency in financial performance. Risk averse investors therefore need to wait for a sustainable trend in financials before making an investment decision.

Subscribe to enjoy similar stories. Mumbai: A stone’s throw away from a Pradhan Mantri Jan Aushadhi Kendra in suburban Mumbai stands another pharmacy, called ‘Mumbai Jan Aushadhi’. Its walls are lined with branded generics—copies of once-patented drugs that are now sold and marketed by pharma companies.

The U.S. Commerce Department’s efforts to curb China’s and Russia’s access to American-made advanced computer chips have been “inadequate” and will need more funding to stymie their ability to manufacture advanced weapons

To tackle Trump's threat of a «reciprocal tax» on Indian goods for high tariffs, some officials of the Indian commerce ministry are ready to consider cuts on certain products such as pork, a senior government source said. Currently India slaps about a 45% import tariff on pork, which is mostly supplied by the U.S. Tariffs could also be reduced on high-end medical devices such as pace makers and luxury motor-cycles, including Harley Davidson, said a second official with direct knowledge of trade issues, citing the 25% to 60% tariffs on these products.

Subscribe to enjoy similar stories. The global economic landscape is becoming increasingly interlinked and dynamic. Despite multiple shifts, 2023 saw global merchandise exports worth over $24 trillion, an increase of 6% over 2019, demonstrating resilience in the face of disruptions.

Hiring in November grew 10% from a year earlier and 3% from the previous month. The momentum, according to Foundit, will continue into next year. Emerging technologies and evolving business priorities will shape India’s job market in 2025. Innovations such as edge computing, quantum applications and cybersecurity advancements are set to transform industries like manufacturing, healthcare and IT, while the rise of retail media networks and AI-driven workforce analytics will reshape talent needs in ecommerce, HR and digital services. Organisations will look for professionals skilled in digital marketing, ad management and HR analytics, its survey has found.

Subscribe to enjoy similar stories. Despite a dull first half of FY25 (H1FY25), shareholders of Coromandel International are brimming with optimism. The fertiliser firm’s stock hit a new 52-week high of ₹1,882 on Wednesday, taking its returns so far this calendar year to 45%.

SanchiConnect, a deeptech accelerator, in partnership with YourNest Venture Capital, on Thursday, announced an investment of Rs 48 crore for its DeepTech accelerator programme- Velocity Accelerator Program. The seven-month-long program has received 1,280 applications from 23 states and six Union Territories. Out of these, eight startups were selected for their disruptive potential across various sectors such as manufacturing, logistics, agriculture, healthcare, enterprise solutions, and artificial intelligence. The eight selected startups include Induz- which leverages AI tools to automate and unify large-scale enterprise data; LeanWorx which offers cloud-based productivity monitoring systems for the manufacturing sector; Think Metal has developed a compact, cost-effective 3D metal printer that delivers 10x faster production at half the cost; Presage Insights uses advanced AI for predictive analytics to improve decision-making across industries; Superfone is an app-based business phone number platform for SMBs, integrating telephony with business software; and CargoFL which employs AI-powered logistics solutions to optimise supply chains and improve operational efficiency.

Micromax Informatics has inked a joint-venture partnership with Taiwan-based Phison to design and manufacture storage modules, in a bid to boost the country’s electronics component ecosystem. The collaboration will leverage Micromax’s customer relationships within India and Phison’s expertise in NAND storage technology for offerings across enterprise, consumer, embedded, AI, and security applications within India’s burgeoning tech ecosystem and specific agreed-up regions, the two companies said in a joint statement. The joint-venture entity, called MiPhi, will also offer support and RMA services, along with a sales channel to India and other agreed-upon regions.

Subscribe to enjoy similar stories. The Indian textile industry plays a pivotal role in the nation’s economy. The sector contributes 2.3% to India’s GDP and generates 10.5% of export revenue, according to India Brand Equity Foundation.

U.S. safety regulators have backed away from seeking a recall of nearly 50 million air bag inflators

revealed he was practicing under a name he adopted following his conviction for helping Iran evade sanctions.Dr. Aurash Cohen is no longer entitled to practice in the province, according to the Royal College of Dental Surgeons of Ontario, which said it cancelled his certification on Nov.

Subscribe to enjoy similar stories. Honda put nostalgia to the fore on December 18th when it announced that the Prelude, a nameplate last produced some 25 years ago, now being relaunched as a hybrid-electric, would come with the option of a system that simulates gear changes and combustion-engine noises. The message, however, was quickly drowned out by news with far more bearing on the Japanese carmaker’s future.

Subscribe to enjoy similar stories. If every cloud has a silver lining, the glow around India’s data that shows November’s trade deficit at a record high of $37.9 billion is the remarkable performance of service exports. According to provisional numbers released by the government, service exports are projected to overtake merchandise exports in November 2024.

Speciale Invest. The deep tech startups, however, need to consider alternative funding such as venture debt, asset financing, and project financing during their initial stages to address the science risk, the firm's founding partner Vishesh Rajaram told ET. Speciale has been investing in seed-stage startups, and GalaxEye Space, Agnikul Cosmos, ePlane Company, Uravu Labs and CynLr are some of the investee startups. The VC firm’s report titled 'India's Deep Tech Revolution' on the sector, which is slated for release on Thursday and accessed by ET, highlights that the global market share of funding in Indian deep tech startups (1.30%) is significantly lower than the overall funding available to Indian tech startups (3.86%) which needs to be encouraged. It also added that back home, Indian corporations are still warming up to the idea of innovation through deep-tech startups and are yet to see an acquisition of a deep-tech startup.

Transrail Lighting, Sanathan Textiles, DAM Capital Advisors, Mamata Machinery and Concord Enviro Systems will open for subscription on Thursday. Here are key details investors need to know before subscribing.Transrail Lighting IPO Transrail's IPO includes a fresh equity sale of Rs 400 crore along with an offer for sale of 1.01 crore equity shares by promoter Ajanma Holdings. The company has priced the IPO at Rs 432 at the upper end.

Subscribe to enjoy similar stories. The year 2024 was far from stellar for Indian stocks, particularly in retaining foreign investment. Towards the end of the year, as markets experienced a significant correction, foreign institutional investors (FIIs) began pulling their funds from Indian equities.

Sai Life Sciences will debut on the exchanges on Wednesday. Ahead of the listing, the company's shares were trading with a GMP of Rs 72 in the unlisted market. Considering the upper price band of Rs 549, the stock is expected to see a premium of just over 13% on listing.