OIL RIG MANUFACTURING HUB
How MSMEs are spearheading the digitisation of energy space
Whether it's a smart fuelling station in Mumbai or an AI-driven oil rig in Gujarat, MSMEs are spearheading a digital transformation that promises to redefine the country’s energy future and drive sustainability in the Indian economy.
Beauty secrets: Inside India's booming beauty industry that relies on hundreds of contract manufacturers
Nishit Dedhia, the MD and cofounder of Kain Cosmeceuticals, is leading a tour of his cosmetics manufacturing facility in Khopoli, Maharashtra. The facility produces a variety of beauty products for the growing direct-to-consumer market in India.
Global demand revival: How is India poised?
As the global demand sees some revival, India must get its act together to make the most out of it.
Hiring in tier-2 cities showing consistent growth: foundit
Tier-2 cities in India have seen consistent growth in hiring compared to metropolitan areas, with cities like Kochi, Coimbatore, and Jaipur emerging as key hiring locations. The overall hiring index shifted to 295 in May 2024, with an 11% increase in hiring compared to the previous year. Tier-2 cities are becoming increasingly attractive hubs for businesses seeking expansion opportunities and tapping into diverse talent pools for sustainable growth.
Percentage of women in senior leadership roles increases to 18% in 2023 from 16% in 2016: Report
The report by LinkedIn and The Quantum Hub highlights that while there has been an increase in women joining the workforce, leadership positions still lack gender parity. The representation of women across the workforce rose to 26.8% in 2024, but senior leadership roles only account for 18.3%, showing a decline from the previous year. Industries like education and government administration have higher female leadership representation, while sectors like construction and utilities lag behind.
Staying with good business & strong management: 5 largecap stocks from different sectors with upside potential of up to 37%
After a phase of calm, volatility is back on the street. Somehow word volatility got associated with bearish trend, while it might appear strange to some, the fact is that even volatility has a bias and that can be toward bulls also. That is the reason why in this volatile phase, Nifty made a new high. So, rather than fearing a word it is better to understand it. Similarly when it comes to investing, it is important to understand that while events can impact the price in the short term. In the long term, things which matter is the underlying business, strength and quality of the balance sheet, ability and experience of the management. Whether it is pre-election or post election, always have a look at the above three when investing your hard earned money.
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Stock picks of the week: 5 stocks with consistent score improvement and upside potential of up to 44%
After a short phase where bears were seen on the street, at least on the index level bulls were back in control as they touched a new high. Given the event risk in terms of election results, the market breadth might remain probably in equilibrium territory till the time exit polls come. In this short period if one is not a trader and knows how to hedge, it would be better to be cautious before investing. If one is taking fresh exposure to equity, ensure that there is some level of quality as far as the business and fundamentals are concerned.These selected stocks depict a strong upward trajectory in their overall average score which is based on five key pillars i.e. earnings, fundamentals, relative valuation, risk and price momentum. This implies that there has been a significant improvement in their market outlook in the given time frame.
Vedanta: How an old-age biz is trying to deliver a new-age baby
The complete acquisition of AvanStrate positions Vedanta in the display panel market, with plans to build its own display glass plant in Gujarat. The company is also eyeing partnerships for a potential chip plant. Vedanta's foray into electronics manufacturing, spearheaded by Agarwal's son-in-law Akarsh K. Hebbar, aligns with its core business of metals and mining.
ARTPARK: From legged robots to advanced cargo drones, a look at India's first robotics park
ARTPARK, India's pioneering AI and robotics hub established in 2020 within the Indian Institute of Science (IISc) campus, Bengaluru, aims to foster inclusivity and equitable access to technology. With a core focus on innovation, skilling, and industry collaboration, ARTPARK nurtures startups, supports research, and tackles societal challenges. Backed by substantial funding, it's a nexus for developing cutting-edge solutions and driving India's technological advancement.
India-based pipe and tube manufacturer selects Louisiana for first US facility
Global Seamless Tubes & Pipes invests USD 35 million in Louisiana to create jobs, focusing on carbon, alloy, and stainless steel production for North American customers.
Gulf Oil Lubricants looking at buyouts to boost EV infra play
Gulf Oil Lubricants India is planning to acquire charge point operators (CPOs) and intelligent grid technology companies to become a leader in the electric vehicle charging ecosystem. The company is looking at the complete value chain, from manufacturing to research and technology. The smart grid technology combines hardware chargers and software to boost efficiency of electrical grids or networks by enabling bi-directional communication.
First chip from Dholera plant by 2026 end: PSMC chairman Frank Huang
Frank Huang, chairman of PSMC, told ET that the first semiconductor chip from the new plant being set up by the Tata Group and Taiwan’s Powerchip Semiconductor Manufacturing Corporation (PSMC) in Gujarat’s Dholera, will be ready to roll out by the end of 2026.
ETMarkets Smart Talk: 5 sectors that will turn wealth creators as India moves from $2,500 per capita GDP to $5,000: Sunny Agrawal
India's per capita GDP growth to $5,000 will drive growth across sectors. Sunrise sectors like renewables and nuclear will grow rapidly. EVs, December quarter earnings, and PSU/PSE stocks are expected to generate wealth. Risk factors include geopolitical tensions and recession. Good buy-on-dips opportunities in the energy sector and sectors like banks, auto, cement, power, and pharma.
Skydio plans to bring commercial drones to India following defence tie-up
Skydio, an American drone manufacturer, plans to introduce its commercial drones in India following a recent tie-up with an Indian company to produce unmanned aerial vehicles (UAVs) for defence customers in the Indo-Pacific region. While the company initially focuses on defence products in new markets, it aims to expand into non-military and non-government sectors over time. Skydio's collaboration with Aeroarc will develop small uncrewed aircraft systems (SUAS) for the Indian defence ministry and other global defence customers, showcasing its commitment to advancing drone technology in India.
Global oil, gas demand will sustain for decades, says Saudi Aramco top executive
Saudi Aramco, a long-standing supplier of crude oil to India, has been actively seeking investment opportunities in India's downstream sector. Despite the failure of its $15 billion bid for a 20% stake in Reliance Industries' oil-to-chemicals business and ongoing developments with the Ratnagiri refinery in Maharashtra, Fahad Al Dhubaib, Senior Vice President of Strategy and Market Analysis at Saudi Aramco, emphasizes India's significance as a key market.
How Gujarat is becoming the hub for EV manufacturing in India
Gujarat's EV ecosystem is expanding owing to investments in manufacturing, charging infrastructure, and battery technology. MG Motors, Maruti Suzuki, and Tata Motors has set up their plants in the state. Besides, public charging stations have also increased to over 600. Many startups are also contributing to the EV ecosystem of the state.
India to be number 1 auto manufacturing hub in 5 yrs
Under the leadership of Prime Minister Narendra Modi, the government aims to secure a majority in the next general elections. The focus is on good work, progress, and development, transcending caste, creed, sex, religion, and language.
Can Budget 2024 give a fillip to India's budding semiconductor industry?
India's Interim Budget may include sops to boost the semiconductor industry, with an upgraded version of the SPECS plan that may have a corpus of Rs 10,000 crore. The Indian Semiconductor Mission has attracted investment from companies like Micron Technologies and Foxconn, while discussions are ongoing with TSMC and Japan's TMH Group for semiconductor fabrication units.
India's journey to sustainability and safe EV manufacturing
As India aspires to solidify its status as a manufacturing hub, it must address a pressing issue within its rapidly expanding automotive sector supply chain: thousands of workers annually fall victim to injuries on the job.
Operating profit of offshore rig operators may jump 30% in FY25: Report
Crude price, which averaged at USD 55 a barrel between fiscals 2016 and 2021, increased to USD 86 a barrel on average since fiscal 2022. Higher crude prices have, in turn, incentivised increased capex in offshore exploration and production activities, driving up demand for offshore rigs.
Future of manufacturing is phygital as human-robot collaboration rises: Twyn’s Avi Dahiya
As manufacturing in India is quickly adapting new-age technologies, a Noida-based company is working to accelerate the adoption of Industry 4.0 in India.
Oil prices take a small loss in seesaw session
The market tumbled earlier in the session after a New York Federal Reserve Bank manufacturing survey showed a third month of declines in new orders, which could be a sign of weaker demand for oil in the coming year.
Oil climbs as Mideast tension back in focus
Brent crude futures climbed 28 cents, or 0.4%, to USD 79.16 a barrel by 0018 GMT, while U.S. West Texas Intermediate crude futures were at USD 74.36 a barrel, up 29 cents, or 0.4%.
A business strategy called addiction
Right now, the smartest brains in the world are working on technology to ensure you are addicted to your app, your screen, your technology, that you get adequate dopamine highs so that you cannot live without your phone, your internet, your likes and impressions on your social media posts. Even the rich and powerful and the old are addicted. Everyone wants to be seen. Attention is a drug milked by all.
Indian conglomerate Essar plans regional hub in Saudi Arabia
Indian conglomerate Essar Group is planning to make Saudi Arabia a hub for its expansion in the region. The group, led by CEO Prashant Ruia, is setting up a 4 million metric tonnes per year steel plant and port facilities in Ras Al-Khair. The move is in line with Saudi Arabia's goal of becoming an electric vehicle manufacturing center. Essar Group also plans to open an office in Riyadh and offer a minority stake in the steel plant to investors.
NCLAT set aside CCI order imposing penalty on 18 sugar mills, 2 trade associations
The National Company Law Appellate Tribunal (NCLAT) has set aside a penalty of Rs 38.05 crore imposed by the Competition Commission of India (CCI) on 18 sugar mills and two trade associations. The penalty was related to bid rigging in a joint tender for ethanol procurement. The NCLAT ruled that the CCI's order was illegal and did not comply with the principles of natural justice.
India has unique opportunity to become global manufacturing hub this decade: Survey
At present, India's manufacturing sector accounts for about 15-16 per cent of the country's GDP and there is an aim to increase it to 25 per cent in the coming years.
The Semiconductor Moment: India eyes becoming chip hub as demand for "new oil" heightens
Even if one large semiconductor fabrication unit becomes operational soon, India will need at least 40 of those by 2030. If it can attract smaller units, the country may need 80-90 such fabrication units just to meet domestic consumption targets.
Drillmec India bags oil rig orders worth $1.5 billion from Oil India & ONGC
The US$ 1.57 Billion order book was achieved on the basis of orders from Oil India Ltd amounting to $ 143 million for five land based oil drilling rigs at a per unit price of $28 million per rig. MEIL already has a $860 million order from ONGC in addition to orders for ancillary equipment, spares and components.
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