Manufacturing Financial News

Subscribe to enjoy similar stories. Mumbai: Softening prices of active pharmaceutical ingredients (API) are likely to stabilise in the months ahead and bring relief to Indian manufacturers, but they will still have to improve their operational efficiency to compete against Chinese rivals, industry executives and analysts said. API prices have been falling for the past 12-15 months, driven mainly by sharp price cuts by Chinese companies, which is impacting the bottom line of Indian API companies.

Subscribe to enjoy similar stories. Investors in the Hindustan Aeronautics Ltd (HAL) stock are jittery. Shares of the public sector aerospace and defence company have declined nearly 30% from their 52-week high of ₹5,674 apiece seen on 9 July and are currently trading at ₹4,075.

Solar Energy Corporation of India (SECI), a relatively low-profile yet pivotal miniratna PSU, has emerged as a key player in India’s renewable energy sector over the past decade. From its modest beginnings in 2014-15 with an awarded generation capacity of 0.75 gigawatts (750 MW), SECI now oversees a massive 65.3 GW of awarded capacity, according to its official data. Out of this, more than 60%—over 40 GW—is solar energy, a sector where India has seen significant growth. The remaining capacity includes 16.3 GW of wind energy and about 9 GW of hybrid energy projects. The organisation has not only facilitated renewable energy growth through competitive bidding and long-term power agreements but also developed its own projects and partnered with state utilities. Also Read:SECI link to Adani bribe, fraud probe: What put India's solar power nodal agency in the dock?

Subscribe to enjoy similar stories. It’s a delicate dance being brothers and running a multi-crore business together. Talking to Gurugram-based brothers Nikhil and Nitin Mohan, co-founders of Indian menswear brand Blackberrys Menswear, will leave you with the impression that they’ve worked out how to accomplish this quite adeptly.

«Markets are likely to react to the preliminary release of November month manufacturing and services PMI of US, Europe and India today. In the near term, we expect the market to remain volatile on account of global geo-political concerns, relentless FII selling and uncertainty around the outcome of state assembly elections in Maharashtra and Jharkhand,» said Siddhartha Khemka, Head — Research, Wealth Management, Motilal Oswal. Here's breaking down the pre-market actions:

Xiaomi reported a 30.5% increase in revenue compared to the previous year, driven by robust sales of both its smartphones and the SU7. As the world's third-largest smartphone manufacturer, Xiaomi introduced the SU7 earlier this year as part of its strategic shift towards electric vehicles. The SU7 is equipped with advanced features such as assisted driving software and remote voice control, which allows drivers to operate household appliances from their car. Priced at 215,900 yuan (approximately $30,000), the SU7 has quickly become a top seller in China, the largest market for electric vehicles globally. In October alone, Xiaomi delivered over 20,000 units of the SU7. The company has now set a new target of 130,000 deliveries for the year, having already surpassed its initial goal. The SU7 has also gained international attention, with Ford's CEO praising the vehicle as «fantastic» and expressing reluctance to part with it after driving one for six months.

“Barbenheimer” was a phenomenon impossible to manufacture

A supplier of fuel for nuclear power plants has announced a $60 million expansion in Tennessee, promising more manufacturing of high-tech centrifuges there to enrich uranium

Subscribe to enjoy similar stories. Wall Street is glued to “The Apprentice: Treasury Edition." The auditioning for President-elect Donald Trump’s Treasury secretary isn’t just great theater. Trump’s choice will be key to where his economic agenda is headed.

Subscribe to enjoy similar stories. My colleague and lead smallcap analyst at Equitymaster, Richa Agarwal, recently wrote this about insider buying amid this market correction. “If you have been following my articles, one of the things I track for my watch list is insider action. Unlike in the case of IPOs, which flourish in overvalued markets allowing promoters to monetise their stake at the best price possible, open market purchases by promoters in listed companies amid a market correction are a good starting point to dig further. As owners of the business, they are the majority stakeholders with the longest-term horizon in most cases. If they are willing to buy a meaningful quantity of stock with their personal money at the market price, it signals confidence." Her analysis is bang-on and I 100% agree with her.

Adani Group, helmed by billionaire Gautam Adani, bounced back from the attack by American short-seller Hindenburg Research, which had accused it of stock manipulation and fraud, the conglomerate has suffered a massive hit as prosecutors in the United States charged Gautam Adani with helping drive a $250 million bribery scheme. Stocks of Adani Group companies fell up to 20% on Thursday after Adani and seven others faced charges in the US. Prosecutors have alleged that the group bribed Indian officials to secure solar energy contracts. The US prosecutors have charged Adani and others because they allege the defendants concealed the plan to pay more than $250 million in bribes to Indian government officials to win solar energy contracts as they sought to raise money from US investors. The mega Adani deal that has landed in controversy

Hyundai Motor India Ltd (HMIL) on Thursday said it will set up two renewable energy plants at its vehicle manufacturing unit in Tamil Nadu as part of the company's move to transition to 100 per cent renewable electricity across manufacturing operations by 2025. The company has signed a power purchase and shareholder agreement with Fourth Partner Energy Ltd (FPEL) for the purpose of setting up of a 75 MW solar plant and a 43 MW wind power plant to cater to its renewable energy requirements, Hyundai Motor India Ltd (HMIL) said in a statement. These facilities will operate under a group captive mode with a special purpose vehicle (SPV) formed for engineering, procurement, construction, operations and maintenance. HMIL will hold 26 per cent and FPEL will hold 74 per cent equity stake in the project, it added. This long-term agreement will ensure a 25-year supply of renewable energy to HMIL, the company said.

Subscribe to enjoy similar stories. With the incoming Trump administration’s new Department of Government Efficiency under Elon Musk and Vivek Ramaswamy in the US, the issue of government efficacy is in focus. India has been steadily leading its own quiet revolution through rigorous process reforms, systematically streamlining governance and dismantling bureaucratic red tape.

Subscribe to enjoy similar stories. Each year China makes as much steel as the rest of the world combined. The vast scale of its output—around 1bn tonnes a year—is obscured by the fact that most of it stays in the country.

Subscribe to enjoy similar stories. The half-year ended (H1FY25) earnings of recently listed Waaree Energies Ltd, the largest solar module manufacturer in India, came as a rude shock to investors. The stock fell 10.5% since results were announced on 18 November.

Subscribe to enjoy similar stories. BENGALURU : Enterprise e-commerce unicorn Moglix has acquired Uttarakhand-based Khatema Fibres Ltd, a manufacturer of eco-friendly paper products, for approximately ₹80 crore, as part of its strategy to bolster its sustainable packaging portfolio and cement its leadership in the industrial procurement space. The deal, announced by Moglix founder and CEO Rahul Garg, adds a suite of specialty packaging products—including high-strength kraft paper, food-grade packaging solutions, and machine-glazed papers—to its offerings.

A Philadelphia jury has awarded $11 million to a man whose holstered Sig Sauer pistol went off by itself while he was going down the stairs

Subscribe to enjoy similar stories. For India's steelmakers facing the lowest prices in the last four years, things may get worse before they get better. Top manufacturers including Tata Steel Ltd and the Steel Authority of India Ltd (SAIL) are bracing for a challenging December quarter, with a recovery expected only in the fourth quarter.

Subscribe to enjoy similar stories. Piramal Pharma Ltd is confident that the company’s American facilities can help it navigate the volatility in its largest market US following Donald Trump’s comeback, according to chairperson Nandini Piramal. Trump’s second inning is likely to spell uncertainty for pharma companies, she told Mint, referring to his plan to impose import tariffs to make American industry stronger.

Subscribe to enjoy similar stories. India’s retail investor landscape is undergoing a dramatic transformation. While a diverse range of stocks has captured the fancy of individuals fishing in the equity markets, the mid-cap and small-cap segment—perceived as riskier but with higher potential returns—remains a key draw.

Workers hired for an electric vehicle battery production complex in Kentucky have launched a campaign to join the United Auto Workers