Manufacturing Financial News

Jonathan Schiessl, Deputy Chief Investment Officer, Westminster Asset Management, says if the export-oriented companies have domestic facilities in the US, that is a different story. But with some of the threats Trump was making earlier during the campaign, any business that is exporting equipment or even services into the US has to be having a long hard look at their business models. On the other hand, maybe less regulation in certain parts of the US economy will benefit growth. The US elections, a major event is out of the way. We are seeing that impact on the likely beneficiaries. The manufacturing companies are seeing a sharp run-up, the IT pack, the pharma pack, all are seeing good momentum in trade today. But what is your opinion when you talk about these sectors which are heavily dependent on United States policies? Jonathan Schiessl: The election hopefully will be out of the way in a matter of hours. But the next concern will be what on earth will the policy be? We have heard a lot of talk about potential tariffs, about trying to weaken the dollar but conversely, the dollar has strengthened a bit today. It is all up in the air still. None of us quite know what policies will be followed.

Subscribe to enjoy similar stories. In a move to curb cheap Chinese steel imports and protect the domestic industry, the government is planning to bring additional steel products under the Bureau of Indian Standards (BIS) framework. The plan also involves expanding the classification of existing steel standards to prevent products with minor variations from escaping scrutiny during imports, two persons aware of the development said.

Subscribe to enjoy similar stories. Donald Trump on his return as US president is expected to broaden tariffs against Chinese imports to cover phones and laptops, boosting the Indian electronics manufacturing sector, according to the domestic industry bodies.

Donald Trump’s victory promises to shake up U.S. energy and environmental policy, with sweeping implications for oil production, offshore wind development and electric vehicle sales.

Subscribe to enjoy similar stories. ‘Paisa Vasool’ isn't a phrase that rolls off the tongues of senior leaders of Czech premium carmaker Skoda Auto often. But at the launch of its first, made-for-India compact sports utility vehicle Kylaq, value for money and ‘paisa vasool’ were key phrases to emphasize how serious the brand was to crack the Indian mass market and shed the perception its cars were too pricey for the value-conscious buyer.

Nintendo, the Japanese video game maker behind the Super Mario franchise, said Tuesday that its profit fell 60 per cent in the first half of the fiscal year, as demand waned for its Switch console, now in its eighth year since going on sale.

Royal Enfield will not make India a 'top priority' market for its first electric motorcycle, Flying Flea C6, but is looking at leveraging the country’s manufacturing strength to export electric vehicles, said Siddhartha Lal, managing director of Eicher Motors, which makes motorcycles under the Royal Enfield brand.

ISRO chairman S Somanath on Tuesday urged industry houses to invest in the space sector in a big way to build rockets and allied systems for India to emerge as a space power by 2047. Addressing the Indian Space Conclave here, Somanath voiced concern over the «elusive» investments in the upstream sector of the space industry comprising launch vehicles, hardware and software for ground-based stations, telemetry, tracking and command stations.

Subscribe to enjoy similar stories. MUMBAI : Tata Power Co. Ltd's shares have had a stellar run in the past year, soaring as much as 77% compared to the 25% returns of the Nifty50.

Subscribe to enjoy similar stories. Some of the world’s most-guarded semiconductor technology has ended up in China’s Huawei Technologies’ new artificial-intelligence chips, showing the limits of the U.S.’s broad attempts to thwart such hardware linkups. Core circuitry produced by Taiwan Semiconductor Manufacturing Co.

Subscribe to enjoy similar stories. XI’AN, China—This should be a shining moment for Longi, one of the biggest makers of solar-power equipment in the world. Longi and a few other Chinese companies dominate the solar business globally.

Nintendo, the Japanese video game maker behind the Super Mario franchise, says its profit fell 60% in the first half of the fiscal year, as demand waned for its Switch console, now in its eighth year since going on sale

Subscribe to enjoy similar stories. Once a frontrunner in India’s industrial manufacturing space, this prominent seamless pipes manufacturer has seen its stock plummet over 40% from its peak, as recent challenges strain its market position. Despite the decline, the company’s robust presence across key sectors—such as oil and gas, agriculture, and chemicals—offers a foundation for potential recovery.

A strike by 33,000 Boeing factory workers is coming to an end

Subscribe to enjoy similar stories. When Tesla’s manufacturing executives gathered in Shanghai this January, some were surprised to see Elon Musk’s long-time aide Omead Afshar in attendance. The forum, hosted by Tesla’s most senior automotive executive, Tom Zhu, was designed to get the company’s global leadership team on the same page about best practices and the rising threat from electric-vehicle makers in China.

Boeing were voting Monday whether to accept a contract offer or to extend their strike, which has lasted more than seven weeks and shut down production of most Boeing passenger planes. A vote to ratify the contract on the eve of Election Day would clear the way for a major U.S. manufacturer and government contractor to resume airplane production. If members of the International Association of Machinists and Aerospace Workers vote for a third time to reject Boeing's offer, it would plunge the aerospace giant into further financial peril and uncertainty. In its latest proposed contract, Boeing is offering pay raises of 38% over four years plus ratification and productivity bonuses. IAM District 751, which represents Boeing workers in the Pacific Northwest, endorsed the proposal, which is slightly more generous than one the machinists voted down nearly two weeks ago.

Canadian generic drug manufacturer Apotex Inc. is making plans for a potential initial public offering next year, according to people familiar with the matter.

India's manufacturing activity rebounded in October, marking a positive beginning for the third quarter of the current financial year, driven by new orders, international sales and production, according to a private survey released on Monday. The HSBC India Manufacturing Purchasing Managers' Index (PMI), compiled by S&P Global, rose to 57.5 in October from an eight-month low of 56.5 in September. It was 55.5 in October 2023. A reading above 50 indicates expansion, while below that signifies contraction.

Dixon Technologies Tuesday notified incorporation of a wholly-owned subsidiary Dixon Teletech to make components for IT hardware products. The contract manufacturer is setting up facilities to ramp up laptop assembling under the production-linked incentive scheme for IT Hardware, with orders from the top four laptop brands in the country — HP, Lenovo, Acer, and Asus. «The wholly owned subsidiary has been incorporated with an object to undertake manufacturing and dealing in, inter-alia, all kinds of Information Technology Products including Information Technology (IT) hardware components, related products, equipment and components thereof,» the company said in an exchange filing.

Republican candidate for U.S. Senate in Michigan Mike Rogers expresses confidence in Trump and congressional Republicans to win election majorities and details his priorities to protect Detroits auto industry.