[ad_1] India’s key manufacturing scheme received investments of nearly $19 billion as of November last year, the trade ministry said on Saturday, a day after Reuters reported New Delhi will let the $23-billion incentive program lapse amid disappointing results. The incentive scheme will not be expanded beyond 14 pilot sectors and production deadlines will not […]
Lip-Bu Tan’s ‘New Intel’ is the last throw of the dice: Dave Lee – CNBC TV18
[ad_1] After a search for a new chief executive officer that lasted more than three months, Intel Corp. has decided Lip-Bu Tan is the best choice to salvage the company’s future. He’ll take up the most difficult job in the chip business, Bloomberg News reported on Wednesday evening. In a letter, Tan told his new […]
Expect growth-oriented budget focusing on manufacturing, consumption, and capex: Experts – CNBC TV18
[ad_1] The countdown to Union Budget 2025 is underway, marking Finance Minister Nirmala Sitharaman’s first budget under the NDA 3.0 government. She faces a challenging task, considering the state of the economy and the prevailing global environment. According to advanced GDP estimates, India is poised for 6.4% growth in FY25. However, this signals the need […]
Exclusive | India’s Road Ahead: Policymakers discuss growth, inflation & investments – CNBC TV18
[ad_1] The country’s policymakers on Wednesday, November 20, discussed the way forward for India, which aims to become a $5 trillion economy by the end of the decade. The speakers, Ajay Seth, Secretary of Economic Affairs; Rajesh Kumar Singh, Secretary of Defence; S. Krishnan, Secretary of MeitY; Rachna Shah, Secretary of Textiles; and Sandeep Poundrik, […]
Economy Process Solutions secures ₹100 crore in Series A funding to expand F&B solutions and manufacturing capabilities – CNBC TV18
[ad_1] Mumbai-based vacuum and process solutions company, Economy Process Solutions, has raised ₹100 crore in Series A funding from Stakeboat Capital. This financial boost will enable the company to scale operations, diversify its product portfolio, and make strategic inroads into new market segments such as food and beverage (F&B) solutions. The company plans to allocate […]
Trust MF CIO explains strategy behind new small cap fund amid valuation worries in the space – CNBC TV18
[ad_1] Trust MF has launched a new small-cap fund amid concerns about expensive valuations in the space, with some stocks trading at 25-30% premium to the broader market. In an interview with CNBC-TV18, Chief Investment Officer, Mihir Vora, who manages over ₹1,700 crore in funds, explained that not all small caps are overpriced. Also, the […]
Technology is key to Sona Comstar’s expansion into the future of mobility, says chairman Sunjay Kapur – CNBC TV18
[ad_1] As Sona Comstar, one of India’s leading automotive component manufacturers, celebrates its 25th anniversary, the company’s journey has been marked by remarkable growth and global expansion. The company currently has 10 manufacturing facilities spread across India, Mexico, China, Serbia, the United States, and other key countries. In an interview with CNBC-TV18, Sunjay Kapur, Chairman […]
Philips’ air fryer venture thrives on word of mouth – CNBC TV18
[ad_1] Known for its home appliances and televisions, Philips has set its sights on the air fryer segment. Philips told CNBC-TV18 that it pioneered the air fryer category in India nearly 12 years ago and has effectively influenced perceptions of healthy eating, leveraging its first-mover advantage to establish a strong foothold in the market. As […]
Eli Lilly expands manufacturing capacity with $4.5 billion investment in advanced drug development centre – CNBC TV18
[ad_1] Eli Lilly is pouring another $4.5 billion into expanding manufacturing and development as the drugmaker rakes in billions from new product sales. The diabetes treatment maker said Wednesday that it will build a new center for advanced manufacturing and drug development a few miles from its Indianapolis headquarters. The company said its Lilly Medicine […]
Rana Gupta flags two key risks that could weigh on the market – CNBC TV18
[ad_1] Rana Gupta, Senior Portfolio Manager and India Equity Specialist at Manulife Investment Management, identified two key downside risks for the Indian market. The first risk comes from the potential oversupply of equity paper. Gupta mentioned that several large initial public offerings (IPOs) are planned for October and November, and if these issues do not […]