Manufacturing Financial News

Subscribe to enjoy similar stories. Balancing fiscal prudence with the need to provide a growth impetus has been a hallmark of our government over past Union budgets. Tax buoyancy has improved, while taxation has been simplified and ease of paying taxes enhanced.

HDFC Securities has a buy call on BEML Ltd. with a target price of Rs 4155 (base value) and Rs 4397 (fair value). The current market price of BEML is Rs 3982.35 Time period given by analyst is 6-9 months when BEML Ltd. price can reach the defined target. BEML, incorporated in 1964, is a Mid Cap company with a market cap of Rs 16,524.54 crore, operating in the Engineering sector. Financials

Investors have allocated large sums of money to thematic and international funds over the 12 months to October 31. Data from the Franklin Templeton industry dashboard showed that sectoral and thematic funds accounted for ₹1.4 lakh crore or 40% of the total flows of ₹3.5 lakh crore to the mutual fund industry during this period. Sectoral and thematic funds command the largest assets under management of ₹4.52 lakh crore in the equity mutual fund category, followed by the flexi-cap category (₹4.27 lakh crore). Sectoral and thematic indices often tend to fall higher than the broad-based indices. Compared to the Nifty 50, which fell 7.8% from its 52-week high, the Nifty India Defence index fell 24.7%, Nifty Energy fell 17.8%, Nifty Auto fell 14.6% and Nifty PSE fell 14.7%.

Other than the need to import gold and oil, the heart of our trade deficit stems from imbalanced trade with Asian economies. Of these, the biggest is our trade deficit with China, at over $83 bn a year. Our industrial machine can’t compete with the Chinese one as they sell to us 6× what we sell to them. Is this all a result of free trade? Not quite. What really exists are state-backed national manufacturing systems that compete for the best industries in the world economy. And that is where China, along with other East Asian nations, has had tremendous success.

Subscribe to enjoy similar stories. China’s industrial overcapacity became an issue of global concern even before the election of Donald Trump. Now his threat to place tariffs of 60% or more on Chinese exports will elevate the issue even further.

Kia India on Monday said it is eyeing markets in the Middle East and Africa as it aims to double the export of completely knocked down (CKD) units by 2030. To date, the automaker has exported one lakh units of CKD vehicles since it began shipments in June 2020 from its manufacturing facility at Anantapur in Andhra Pradesh. Kia India is one of the key export hubs for the South Korea-based Kia corporation, accounting for 50 per cent of the its CKD exports worldwide. In a statement, Kia India Chief Sales Officer Joonsu Cho said the automaker is grateful for the government's export-friendly policies, which have played a crucial role in strengthening country's position within the global automotive value chain.

Subscribe to enjoy similar stories. For years, through carefully choreographed dinners and meetings, Apple CEO Tim Cook did something that has eluded many other corporate leaders: He developed a personal relationship with President-elect Donald Trump. Their rapport has been built, in part, by zeroing in on areas of mutual interest between Apple and Trump’s agenda.

acquisition of its advanced computing activities for an enterprise value of 500 million euros ($524 million), it said on Monday. Atos, which secures communications for the French military and secret services and manufactures servers to make supercomputers, is undergoing a restructuring to tackle its large debt. The government has for months been making a concerted effort to reach a deal to retain control over Atos' strategic technology assets within the country. The target is to have a share purchase agreement signed by May 31, when an exclusivity period ends, Atos said in a statement, adding that an initial payment of 150 million euros would be made when the deal was signed.

Universal Account Number (UAN) and seeding of Aadhaar to bank account is must for employees who wish to claim benefit of Employment Linked Incentive (ELI) scheme, which is administered through the Employees Provident Fund Organisation (EPFO). This mandatory exercise needs to be completed by November 30, 2024, if you want to get the benefits of the ELI scheme. Finance minister Nirmala Sitharaman announced this new scheme during the Union Budget 2024 in July and there are three types of ELI schemes (A, B, and C). «Since the benefits under Employment-Linked Incentive (ELI) scheme, will be disbursed through Direct Benefit Transfer (DBT) to eligible employees, Employers are urged to ensure UAN activation and Aadhaar seeding in Bank Account by 30th November 2024 in respect of all their employees who have joined in the current financial year, starting with the latest joinees,” the Ministry of Labour and Employment said in an EPFO in a circular dated November 22, 2024.

Subscribe to enjoy similar stories. Getting allotment in a small and medium enterprises (SME) initial public offering (IPO) in early 2024 felt like hitting the jackpot. For many investors, it was enough to fund a grand wedding or a dream vacation.

China over the past year has often felt like watching a looking-glass parody of the US. In America, electric vehicles have been in retreat all year. General Motors Co. and Ford Motor Co. have scaled back expansion plans and cut jobs amid flagging demand for battery cars. Analyst expectations for Tesla Inc.’s fiscal 2024 net income are barely a third of what they were two years ago. Even Apple Inc. junked its 10-year, multi-billion secretive project to build a revolutionary EV. On the other side of the Pacific, things couldn’t be more different. Battery and plug-in cars, which made up just 5% or so of the market in 2020, comprised 49.8% of all car sales in October, and only one out of the top 10 sellers came without a plug. Even the threat of tariffs from trade partners has barely slowed manufacturers’ global ambitions. What’s more, phone companies have, almost overnight, become major players.

Subscribe to enjoy similar stories. Federal and state governments have been trying to persuade Americans to buy battery-electric vehicles using mandates and taxpayer-financed incentives. These policies aren’t working, and the sale of EVs has stalled.

Subscribe to enjoy similar stories. New Delhi: India's production sops programme which powered a ₹13 trillion manufacturing boom may not add any more sectors soon in the wake of slowing disbursements, two people aware of the matter said.

World Gold Council. AI is fast becoming a cornerstone of modern technology, driving advancements across various industries. The considerable electronics infrastructure required to power this rapidly growing sector directly impacts industrial gold demand.

Aurobindo Pharma on Saturday said its US-based subsidiary has inked a licensing agreement with a global pharma major for development of respiratory products. Aurobindo Pharma USA Inc has entered into a collaboration and licence agreement with a global pharma major for development and commercialisation of products, the Hyderabad-based drug firm said in a regulatory filing.

supply chain landscape is undergoing significant transformation, driven by geopolitical shifts, technological advancements, and strategic policy reforms. These changes are reshaping India's economic sectors, influencing stock performance across various industries. Read on to learn more about the impact of global supply chain reconfiguration on sectoral stock performance in India, supported by data and analysis.

Indian craftsmanship and modern design excellence, DIVIANA says it has opened a luxury furniture flagship showroom in Milan, Italy. Situated in the Montenapoleone Fashion District in Via Monte di Pieta, this 3200 sqft. The company says the showroom is a testament to India’s growing leadership in global design.

Subscribe to enjoy similar stories. Boosting manufacturing is critical to India becoming an economic powerhouse. It now has a fresh shot at that with the election of Donald Trump, whose promise to levy sky-high import tariffs on Chinese goods could send more manufacturers to the South Asian nation.

The Swiss government says it is barring exports to a Polish military hardware supplier after concluding that some 645,000 rounds of Swiss-made small-caliber ammunition ended up in Ukraine in violation of Swiss law

Subscribe to enjoy similar stories. Indian textile exports are showing signs of recovery in FY25, with demand from European markets playing a crucial role in boosting figures, according to data from the ministry of commerce and industry. Exports to Europe during the April-October period reached $5.66 billion, marking a 6.39% increase compared to $5.32 billion in the same period of FY24.

India's electronic production has more than doubled in the last six years to $115 billion in 2024, led by growth in mobile manufacturing by global firms such as Apple and Samsung. It is now the world's fourth-largest smart phone supplier. But the sector faces criticism for its heavy reliance on imported components from countries such as China.