Piyush Goyal, Union Minister, says Make in India is the fulcrum around which a number of other programmes of the government have helped take up manufacturing to almost twice the size it was 10 years ago. As our economy grew by 90%, so did manufacturing, double, so that we continue to have 17% of the … Read more
Vice President Kamala Harris called Donald Trump a “loser” who failed to grow domestic manufacturing under his watch in one of her strongest speeches yet against the former president. “All told, almost 200,000 manufacturing jobs were lost during his presidency, starting before the pandemic hit, making Trump one of the biggest losers ever on the … Read more
The initial public offering (IPO) of Kross Ltd., which opened for subscription on Monday, was subscribed 2.56 times on Tuesday, the second day of the bidding process. The highest demand was driven by the retail investors, booking the issue by 3.87 times, followed by the non-institutional investors, subscribing to the issue by 2.87 times. The … Read more
Saurabh Gupta, CFO, Dixon Technologies, says the iSmartU acquisition was finished on August 13th. Dixon which has bought a little over a majority stake in the company, will have only seven months’ kind of performance for this year. Gupta expects that at an annual level, this business can generate anywhere between Rs 7,000 crore to … Read more
New Delhi | Kolkata: India needs to raise its game quickly and look beyond production-linked incentive (PLI) schemes to establish itself as a global manufacturing powerhouse and create millions of new jobs, say experts. Time, they say, is ripe for the next wave of big-bang policy measures from the government to ensure that India’s efforts … Read more
New Delhi: India’s merchandise exports growth may slow 4.2% on-year at $111.7 billion in the second quarter of FY25, down from 5.8% in the June quarter, the Export-Import Bank of India (Exim Bank) said Monday. Merchandise exports were $109.9 billion in April-June. “Positive growth in India’s exports could be as a result of India’s continued … Read more
Palmer Luckey has come a long way from hacking together virtual reality headsets in a garage. Today, the Oculus VR founder’s defense tech startup, Anduril, announced that it has raised $1.5 billion in addition to developing a new manufacturing platform to produce “tens of thousands of autonomous weapons” a year. The funding round, led by … Read more
“We will look for companies, at the end of it, it boils down to the company’s availability at the right price. So, you keep looking for your right price and right names and as and when they come, jump in and when we raise the new fund, we are still sitting on some bit of … Read more
“We see good opportunities in the pharma space, especially pharma generic exporter companies which have not performed well for many years. I think there are opportunities in the less popular sectors where money can be made over the next two to three years,” says Abhay Agarwal, Piper Serica.Which stocks are you probably going to keep … Read more
Kolkata: Electric two-wheeler maker Ather Energy is hopeful of increasing its market share as it forays into the family scooter segment, a company official said on Friday. The Bengaluru-based firm has so far been manufacturing sporty scooters. “The company has now entered the family scooter segment to capture a larger share of the market. Ather … Read more
