IFCI Preferential Issue Approves by Board up to Rs 100 Crore to Central Govt
The Central government is the company’s promoter and holds a 64.86 per cent stake in IFCI. On 27 September 2022, the board of directors of...
Tag : Manufacturing
India Industrial Production Slows To 2.4% In July
In July, India’s annual growth of industrial production was 2.4 per cent, per data released by the National Statistical Office. In the year 2021, the...
Karnataka CM Declares Launch of ‘Invest Karnataka 2022’ Meet
Chief Minister of Karnataka Basavaraj Bommai has announced the launch of the Global Investor Meet (GIM) called ‘Invest Karnataka 2022’. The event aims to attract...
Manufacturing PMI Boosts to 54.9 in Feb
The Indian manufacturing sector further expanded in February, with the sector’s manufacturing Purchasing Managers’ Index (PMI) increasing to 54.9 in February from 54 in January....
India’s GDP Grows 20.1% in June Quarter of FY22
India’s economy grew in the June quarter occurred due to the low base of the record contraction and a strong recovery in manufacturing and construction....
Hind Rectifiers Zooms 37% in 2 Days
Hind Rectifiers Ltd Shares hit a 52-week high of Rs 209.90 as they rallied 13 per cent on the National Stock Exchange (NSE) in intra-day...
Manufacturing Activity Eases Marginally in Feb, PMI at 57.5
Manufacturing activity in India eased marginally in February and employment decreased further amid the Covid-19 restrictions, a private survey showed Monday. The IHS Markit India...
Blue Ashva Capital Raises $60 Mn for Maiden Fund
Blue Ashva Capital, an investment firm focused on SMEs and startups, said it has raised Rs 454 crore (approximately $60 million) for the initial close of its...
Retail Sales of Passenger Vehicles Plunge 87% in May
Retail sales of passenger vehicles declined a massive 87 per cent year-on-year to 30,749 units in May due to the covid-19 pandemic and subsequent lockdown...
Aurobindo Pharma Gets VAI Classification From USFDA
Aurobindo Pharma said the US health regulator has decided that the inspection classification of company’s injectable formulation manufacturing facility at Hyderabad is voluntary action...