Manufacturing Financial News

20.11 / 19:21
markets COST Manufacturing economy country International Ford to cut 4,000 jobs in Europe as it faces economic headwinds and weak EV sales
Ford is cutting its workforce by 4,000 in Europe and the U.K. by the end of 2027, citing headwinds from the economy and pressure from increased competition and weaker-than-expected sales of electric cars
20.11 / 18:35
COST Provident Manufacturing Yellow Boxing performer Features 10 Best Lawn Mowers in India for a Lush, Beautiful Lawn all Year Round (2024)
The best lawn mowers available online today come with advanced features such as adjustable cutting heights, efficient grass collection systems, and durable blades that ensure a clean and precise cut every time. With convenient online shopping, you can easily compare different models, and find the perfect mower to suit your lawn care needs and budget. From compact, user-friendly designs to robust, heavy-duty machines, there’s an ideal lawn mower waiting for you.
20.11 / 18:35
markets UPS Citi Manufacturing Experts electronic LG Electronics, vendors ready Rs 7k-cr India infusion
LG Electronics and its parts suppliers plan to invest a total of Rs 7,000 crore to build the company's third factory and create a vendor base in Sri City, Andhra Pradesh, said two industry executives aware of the development. LG Electronics will invest Rs 5,000 crore, and its Korean and Chinese parts suppliers the remainder, the executives said. LG, India's largest home appliances maker by sales, has sought 300 acres from the Andhra Pradesh government for the project which will generate over 1,500 direct jobs, the executives said asking not to be named. LG plans to produce air-conditioners, refrigerators, washing machines and televisions in the new facility for the Indian market and exports, the executives said.
20.11 / 16:59
markets Digital Manufacturing awards Trade Experts PAM Thailand, Indonesia raise concerns at India’s QCOs on leather, textiles, restrictions on copper, tyres
World Trade Organization (WTO) India’s quality control orders (QCO) on various products including medical textiles, footwear and viscose staple fibre, and certain measures which restrict its import of copper, wooden boards and tyres. These issues came up at a meeting on market access in WTO on Wednesday. Last year, Canada, Japan, the UK and the EU had raised concerns at India’s QCOs terming them protectionist. “Some new trade concerns pertaining to India’s QCOs were raised at the meeting,” said a Geneva-based official.
20.11 / 16:11
markets Target Manufacturing CEO Strategy President Experts Reflections on a transformative year as Ficci president
My role as Ficci president involved close engagement with GoI to discuss a range of topics related to economic growth. This was enabled by inputs from industry members, ranging from large companies to MSMEs, the in-depth analysis from a fantastic team at Ficci, and most importantly, a gov that is open to listening and working closely with industry. The year began with a meeting with Prime Minister Narendra Modi. We outlined priorities linked to GoI’s ‘Viksit Bharat’ goal. Key focus areas were: Make in India, women-led development, farm prosperity, and sustainability. A set of actions were outlined for Ficci committees, which comprised CEOs across a wide range of industries and companies. McKinsey provided support in developing the framework and enabling key outcomes.
20.11 / 15:29
COST Target Progressive Manufacturing Assurant reports NTPC in talks to sell green hydrogen to Japan's Toyo Engg, Norway's Getek
Subscribe to enjoy similar stories. New Delhi: As state-run NTPC is set start construction of its green hydrogen hub in Andhra Pradesh by the end of the month, the company is in talks with possible buyers of the green molecule. NTPC is in talks with Japan's EPC major Toyo Engineering Corp.
20.11 / 14:57
markets UPS Manufacturing Election electronic Your junk is needed for the new electric era
Subscribe to enjoy similar stories. ROUYN-NORANDA, Quebec—One of the world’s largest miners is digging into America’s junk drawers, old phones and landfills. The quarry: bits of copper to meet the needs of the energy transition and data boom.
20.11 / 09:37
markets Provident Manufacturing Assurant Strategy Hallmark 22K gold rates today: Check gold jewellery rates of Malabar Gold, Joyalukkas, Kalyan Jewellers, Tanishq
hallmarked jewellery provides a third-party assurance of the purity of gold for the quoted price.
20.11 / 06:01
COST UPS Manufacturing Election Trade country American companies are stocking up to get ahead of Trump’s China tariffs
Subscribe to enjoy similar stories. By 9 p.m. on election night, it had become clear to Jason Junod that Donald Trump was returning to the White House.
20.11 / 00:23
markets UPS Manufacturing Justice Department Courts parachuting Edible oil or cosmetic? Small coconut oil packs pose a big tax question
Subscribe to enjoy similar stories. NEW DELHI : A tiny bottle of coconut oil--Would you use it to cook up a meal, or to nourish your hair? The seemingly trivial question is close to being answered, after winding through a tax tribunal, a government department, and India's top court for over 15 years. At stake: Heavy taxes and higher prices if the product is labelled a kitchen ingredient, and potential impact on other dual-use products.
20.11 / 00:23
UPS Citi Manufacturing Software Metro Food International Slowdown? Here’s what rich Indians are spending on
Subscribe to enjoy similar stories. Maruti-Suzuki, India’s largest carmaker, told investors last month that demand for cars remained “muted" and that it was planning higher discounts to push sales. It is also pinning hopes on sales of premium cars in rural areas, as is Hindustan Unilever, the country’s largest mass consumer packaged goods firm.
20.11 / 00:13
markets Digital Manufacturing Strategy Experts PAM electronic India faces potential summer shortage of ACs, fridges due to BIS refusal of Chinese suppliers
The Bureau of Indian Standards (BIS) certification of factories of manufacturers, including component makers, is compulsory under government rules. The appliance makers termed the decision “unexpected” and said it needed calibration for such import substitution, even as a BIS official said the move was aimed at promoting local manufacturing.
19.11 / 16:59
markets Citi Digital Manufacturing CEO Experts reports Donald Trump seen picking Howard Lutnick for Commerce chief, Punchbowl reports
Trump is expected to pick Wall Street firm Cantor Fitzgerald CEO Howard Lutnick to serve as Commerce secretary, a Punchbowl reporter said in a post on X on Tuesday, without citing any sources. With Lutnick, Trump is tapping a long-time friend who backs the Republican's vision to bring manufacturing jobs back to the U.S. and promote the adoption of cryptocurrency. As co-chair of Trump's transition team, Lutnick had been seen for weeks as a possible candidate for a position in the Trump administration.
19.11 / 16:15
MET Booking Manufacturing Bill President Interviews Bill Clinton explains why philanthropy fills his post-presidential life in his new book 'Citizen'
Former President Bill Clinton talks about how philanthropy has allowed him to continue making changes in the world to help others in his new book, “Citizen: My Life After the White House,” published Tuesday by Knopf
19.11 / 09:05
markets Target Digital Manufacturing awards Experts reports Subsidies on cargo e3w extended but at reduced rate
electric three-wheelers (e-3w of L5 category) after ET reported they were stopped since PM E-DRIVE targets were achieved. According to officials aware of the move, subsidies for eligible e-3w (L5) sales in the country will now be available at a reduced rate of Rs 2,500 per KiloWatt (kW), capped at Rs 25,000 per unit. This is half the original subsidy disbursed by the Ministry of Heavy Industries (MHI) to incentivise locally made e3w (L5) units. A reduced subsidy will also be offered for electric two-wheelers (e2w) after PM E-DRIVE targets under this category for the current fiscal are expected to be achieved by February 2025 itself.
19.11 / 07:45
markets UPS Digital Manufacturing wellness reports Income Tax Rule Change: Relief for companies, trusts and others for claiming benefit of lower tax, tax audit and others with new condonation of delay rules
All of these forms relate to trusts and educational institutions. While Form 10B and 10BB relate to tax audits by chartered accountant report, Forms 9A and 10 are used to get relief from income tax. CBDT through another circular issued on the same date has decided to condone delay in filing form 10-IC or Form 10-ID. These forms are used by domestic companies for applying for a lower rate of income tax.
19.11 / 05:21
markets Manufacturing Mobile Trade Experts electronic exclusive PG Electroplast shares soar 15% on EV and battery assembly venture
PG Electroplast today rallied 15% to their new 52-week high of Rs 718.35 on the BSE after the company’s wholly-owned subsidiary PG Technoplast has signed an agreement with Spiro Mobility for an exclusive partnership for manufacturing Spiro’s EV in India. “PG Electroplast Ltd. (PGEL), one of the pioneers and leaders in Electronic Manufacturing Services and Plastic Molding, through its wholly owned subsidiary, PG Technoplast Pvt. Ltd., has signed a Definitive Agreement with Spiro Mobility to become an Exclusive Manufacturing partner for manufacturing of the EVs of Spiro Mobility (Spiro) in India,” said the company in a filing to the exchanges.
19.11 / 00:47
markets Manufacturing CEO security Strategy Healthcare International Deeptech startup Theranautilus raises $1.2 million in round led by Pi Ventures
Theranautilus, which develops nanorobotic solutions for healthcare, has raised $1.2 million in seed funding from Pi Ventures. The funding round also saw participation from Golden Sparrow Ventures and angel investors including Lalit Keshre, CEO of Groww, and Abhishek Goyal, founder and CEO of Tracxn. With the new funds, Theranautilus, incubated at the Indian Institute of Science (IISc), plans to establish an International Organisation for Standardisation (ISO)-certified manufacturing facility to commercialise nanorobotics-based medical devices, initially focusing on dental care applications and filing new international patents.
19.11 / 00:31
Man Manufacturing Nov Inside information reports Investigations Family of worker killed in Kentucky plant blast mourns and hires attorneys to investigate
The family of a worker killed in an explosion at a Louisville manufacturing plant says they begged authorities to search the wreckage for his remains after they were told all employees were accounted for
18.11 / 22:31
COST FIVE Manufacturing Nov wellness Bus maker Lion Electric mulls sale of the company amid cash woes
MONTREAL — Lion Electric Co. is opening the door to a possible sale of the company as the electric bus maker struggles to staunch an ongoing cash bleed.

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