Manufacturing Financial News

One way or the other, an extended West Asia war will impact earnings growth, said Ajay Tyagi, senior executive vice president and head of Equity at UTI Asset Management Co.He believes, “If markets remain flat or correct further, leading to poor two-three year returns, SIP (systematic investment plan) flows may slow down”.Tyagi, who directly manages about ₹2.5 trillion worth of assets, explained that while the structural shift of household savings into markets remains strong, it will see ebbs and flows rather than move in a straight line.He said that SIP inflows, currently around $3 billion, will have their own cycles and are unlikely to keep rising indefinitely.Edited excerpts:For large caps, the correction is mostly over, as they have reached a fair valuation zone. While not yet ‘cheap’, which would mean falling below long-term averages, they are close enough to offer comfort.

garment manufacturing—especially in the domestic market—has relied on company-defined specifications rather than nationally harmonized benchmarks.India’s shirt market, valued at over ₹39,000 crore and dominated by men’s wear (94%), is expanding steadily, with women’s segments growing at an 11% CAGR (compound annual growth rate), while the trouser market is also witnessing strong growth, driven by rising incomes and urbanization, and is projected to reach ₹78,480 crore by 2027.This assumes significance as India is a major exporter of shirts, with outbound shipments of men’s and boys’ shirts rising from $1.06 billion in FY24 to $1.08 billion in FY25, while exports of women’s shirts increased from $1.04 billion to $1.10 billion during the same period. Despite this, the new standards are unlikely to alter export volumes, as manufacturers will continue to follow the sizing and specification norms of importing countries, while ensuring compliance with BIS requirements for the domestic market.Similarly, exports of men’s trousers rose from $1 billion in FY24 to $1.12 billion in FY25, while women’s trousers saw a sharper increase from $2.84 billion to $3.10 billion during the same period, underscoring India’s strong presence in the global apparel trade.“A uniform standard will benefit exporters, as different buyers currently impose varying testing standards, increasing compliance costs.

₹60,000 crore in revenue, or closer to ₹80,000 crore when the broader Indian ceramic industry is counted. India is the world’s second-largest tile manufacturer, behind China, and Morbi is the engine of that position.The industry’s growth has tracked India’s real estate expansion with unusual fidelity.

From India doubling down on fertilizer imports from non-West Asia sources to the US Federal Reserve decision to pause rates, the leadership crisis at HDFC Bank and youth unemployment in India rising to a four-month high in February—here’s a compilation of this week’s news in numbers.After LPG, fertilizers are emerging as the next major pressure point for India as it navigates the fallout of the West Asia conflict. The government is looking to diversify sourcing by stepping up purchases from countries such as Indonesia, Belarus, Morocco and China, Mint reported.

Jupiter International Ltd (JIL), a Kolkata-based homegrown solar cell manufacturer, has appointed bankers to help raise $300 million through an initial public offering (IPO), three people familiar with the matter said.The company has appointed IIFL, Axis Capital, Nomura and ICICI Securities, the people said, adding that the draft papers are likely to be filed in May. “The issue will be largely to raise primary capital to fuel expansion plans,” one of the people cited above said on the condition of anonymity.Jupiter, IIFL, Axis, and ICICI did not respond to Mint’s requests for a comment till the time of publishing.

MUMBAI: Sewing machine manufacturer Singer India Ltd. plans to focus on premiumization and diversification into consumer products to garner a greater share in the domestic and industrial markets that are currently flooded by Chinese products.“Today we have been able to completely reposition ourselves as a premium product,” Rakesh Khanna, vice-chairman and managing director of Singer India, told Mint.The company plans to invest over ₹100 crore in the next three years in a new plant to increase production of zig zag sewing machines.

New Delhi: As the war in West Asia disrupts global trade flows, the Indian government has launched a sweeping audit of critical supply chains to map vulnerabilities and reduce import dependence, according to three government officials and documents reviewed by Mint.The exercise, which covers sectors such as pharmaceuticals, medical devices, fertilizers and textiles, comes amid concerns that supply shocks could derail India’s growth trajectory.“The plan is to identify structural vulnerabilities in India’s industrial landscape, with a focus on supply chain dependencies and manufacturing capabilities,” the first official cited above said on condition of anonymity.A detailed government questionnaire circulated by the commerce ministry’s supply chain division—reviewed by Mint—to key stakeholders has asked firms to disclose granular data on import dependence, covering specific items, source countries, reliance on foreign suppliers, and whether key inputs are “irreplaceable or non-substitutable”.The questionnaire also seeks production metrics such as HSN-coded output, domestic and export turnover, and constraints to scale, including technology licensing barriers and infrastructure gaps.

VinFast and homegrown Ola Electric have offered discounts to wean consumers away from internal combustion engine (ICE) vehicles that run on diesel and petrol, with analysts saying the energy crisis could push fence-sitters towards EVs.The crisis has also renewed focus on the Centre’s plans to go beyond the 20% ethanol blending in petrol, with executives indicating that higher blends and flex-fuel vehicles may see faster rollouts as they can cut the country's imports of crude oil.According to analysts at Nomura, crude oil price rise due to the current crisis can make the total cost of ownership equation even more attractive for electric vehicles, which can boost EV sales in the short term.“One beneficiary of higher oil prices could be a quicker shift in consumer sentiment towards EVs. Thus, EV [players] are likely to benefit,” Kapil Singh and Siddhartha Bera of Nomura wrote in a 9 March note.Retail fuel prices have remained steady so far, but risks of an increase persist if the conflict drags on, according to experts.EV sales in the country rose 77% year-on-year in calendar 2025 to nearly 177,000 units, with their share in total sales reaching 4%.

clean energy ministry in December urging banks and other lenders to be cautious on financing new solar photovoltaic module manufacturing capacity. Adding to the sector’s woes is a preliminary 126% tariff recently imposed by the US, which threatens to choke off its primary export market and worsen an already growing domestic capacity glut.“We are now quite cautious on lending to this industry.

₹33,660-crore Bharat Audyogik Vikas Yojna (Bhavya) kicks off in fiscal year 2027 (FY27), aiming to expand India's manufacturing muscle, while creating large-scale employment.The Union Cabinet also approved a series of projects totalling more than ₹45,000 crore, including Bhavya, which will be executed over five years."The scheme is expected to drive large-scale job creation, generating substantial direct and indirect employment across manufacturing, logistics, and services, while catalyzing significant investments. The scheme aims to generate 15 lakh direct jobs by boosting manufacturing-led growth and enhancing infrastructure with ready-to-use industrial parks," said Ashwini Vaishnaw, Union minister for railways, information and broadcasting, and electronics and information technology.The Bhavya scheme will be implemented in partnership with states and private sector players, building on the experience of industrial smart cities developed under the National Industrial Corridor Development Programme.

Mint explains.India is the world’s second-largest fertilizer consumer, but domestic supply hasn’t kept pace.The country imports about 60% of its diammonium phosphate (DAP) requirement and roughly 15% of its urea and nitrogen, phosphorus and potassium (NPK)-based fertilizer demand, along with intermediates such as rock phosphate, phosphoric acid and potash.Even urea relies on natural gas as feedstock, much of which is imported. This leaves domestic production exposed to global energy markets.“Domestic availability is limited for raw materials and intermediaries such as liquefied natural gas (LNG), phosphate rock and ammonia,” said Anand Kulkarni, director at Crisil Ratings.Analysts say this dependence is unlikely to ease without a shift in technology.

BENGALURU: India’s home appliances market is drawing a surge of new entrants from design-led startups to D2C brands, each trying to rewire how Indians cook, clean and live at home.From glass air fryers and smart chimneys to app-enabled kitchen devices, a new crop of companies is targeting urban consumers who are upgrading their homes and are willing to experiment beyond established brands.The surge is mirrored in early-stage funding. EDT, the maker of glass air fryers, raised $4 million from Fireside Ventures in August 2025.Nuuk, which makes fans and vacuum cleaners, among other products, secured $2 million from Vertex Ventures and Good Capital in the same month, followed by chimney maker Beyond Appliances’ $4 million round in December.

green hydrogen annually by 2030 under the National Green Hydrogen Mission.Reliance did not disclose the quantity of green ammonia that would be supplied as part of this deal with Samsung C&T. However, while announcing the deal on Monday, it hinted in a press release that this was the first of a series of such deals that it plans to strike in the coming days.The Korean company is the holding company of the leading chaebol and is engaged in materials trading and construction, among other things.Reliance did not respond to Mint’s query on the quantum of the supply.This is the second large export agreement struck by an Indian manufacturer of green hydrogen.

Best stocks to buy today (all buy trades are rates of equity and sell rates are based on F&O)Federal Bank Ltd: Buy above ₹266 | Stop ₹250 | Target ₹289 (multiday)Aurobindo Pharma Ltd: Buy above ₹1,298 | Stop ₹1,245 | Target ₹1,410 (multiday)Vardhman Textiles Ltd: Buy above ₹555 | Stop ₹525 | Target ₹610 (multiday)On 17 March 2026, Indian equity markets closed on a positive note with midcap and smallcap indices advancing steadily. The Nifty Midcap Index rose by 1%, while the Smallcap Index added 0.65%, reflecting broad-based buying interest.

India’s goods and services tax (GST) still struggles with a basic design problem: the integrity of its input tax credit (ITC) chain. The recent rate rationalization simplified slabs, but its merger of the 12% category with the 5% slab largely applies to supplies where ITC is restricted or unavailable. In such cases, the system resembles cascading turnover-style taxation and weakens the value-added tax (VAT) principle of seamless credit and tax neutrality.

NEW DELHI: The civil aviation ministry proposes to offer as much as ₹1,800 crore as incentives to manufacture drones in India, increase adoption across defence and civilian sectors and reduce reliance on component imports from China.The tentatively titled Mission Drone Shakti is expected to set aside ₹1,600 crore-1,800 crore over five years to fund and support research and development and local manufacturing of components including critical parts and incentivize drone sales and adoption, an official aware of the discussions said.The plan is to introduce the scheme in FY27, targeting private Indian companies. The details are being finalized and after the finance ministry’s approval, it will be presented for the consideration of the Cabinet.The proposed Mission Drone Shakti mirrors India’s production-linked incentive schemes across 14 sectors such as electronics, textiles, pharmaceuticals and automobiles, which had a cumulative outlay of ₹1.97 trillion.

trade deficit of nearly $100 billion with China. Local production funded by FDI could substitute a part of these imports.Second, net FDI inflows have fallen significantly in recent years, making new sources of capital increasingly valuable.Third, the Israel–Iran war has once again exposed India’s energy vulnerabilities.

auto parts imports from India to about 25%, from roughly 2%.Mint reported in December that stress among European auto part makers has created opportunities for Indian component manufacturers such as Sona BLW Precision Forgings (Sona Comstar) and Samvardhana Motherson.“Per companies’ management commentary, step-up in closure of EU foundries on labour shortage, rising energy cost, worsening financial stress is creating opportunity for Indian suppliers offering huge benefits on the inherent low manufacturing cost,” Emkay said in its 9 March note based on takeaways from management interactions.“The trend is intensifying, as EU OEMs (original equipment manufacturers) are aggressively seeking alternative sourcing options. In North America, Indian players offer 20-30% benefit despite tariff headwinds; this helps gain share with existing clients, catering to new clients,” they added.Chennai-based MM Forgings makes steel forgings for commercial and passenger vehicles, while Noida-based Uniparts India manufactures driveshafts and precision machine parts.

Mint. “That creates an alternative to the China supply chain."For a company best known for consumer products, the shift marks a strategic expansion into the enterprise segment and reflects a broader shift in India’s manufacturing landscape.Many core components used in appliances, particularly motors, compressors and electronic controllers, have historically been imported largely from China.

Jindal SAW Ltd: Buy above ₹199 | Stop ₹187 | Target ₹223 (multiday)State Bank of India: Buy above ₹1,070 | Stop ₹1,020 | Target ₹1,165 (multiday)Astral Ltd: Buy above 1,625 | Stop ₹1,510 | Target ₹1,785 (multiday)On 16 March 2026, Indian equity markets staged a sharp rebound after three consecutive sessions of losses, with the Nifty 50 closing firmly above the 23,400 mark. The day began on a cautious note, with indices swinging between gains and losses amid heightened volatility.

stock market has maintained a negative trend in 2026.The BSE Sensex has delivered a negative return of 9% in the last one month.However, the stock of PG Electroplast has been down 16% over the same period. Is this the end of the fall for PG Electroplast, or is there more downside left?Let’s examine the fundamental factors that can influence the stock price.Due to the war in West Asia, gas production and supply have been impacted.Qatar, which is one of the largest LNG suppliers, has faced production disruption and has informed its clients about the shortage of gas supply.PG Electroplast uses the gas across its manufacturing process, and it's one of the most important raw materials for the company.In an exchange filing, the company has mentioned that LPG allocation to PG Electroplast has been reduced by its supplier.