Manufacturing Companies

Manufacturing companies record lower sales growth in Q3: RBI data

Listed manufacturing companies recorded lower sales growth of 10.6 per cent in the December quarter of the current fiscal compared to 20.9 per cent in the previous quarter, according to data released by the Reserve Bank of India (RBI) on Thursday. The moderation in the manufacturing companies was broad-based across the industries, except for cement. Over all, sales growth of listed private non-financial companies moderated to 12.7 per cent in third quarter of 2022-23 from 22.6 per cent in the previous July-September period. The Reserve Bank of India (RBI) has released data on the performance of the private corporate sector during the third quarter of 2022-23 drawn from abridged quarterly financial results of 2,779 listed non-government non-financial companies. However, Information technology (IT) companies remained on high growth trajectory and recorded 19.4 per cent rise in sales. Also, revenue growth for non-IT services companies was supported by steady performance in trade, ...

Majority of employers in manufacturing sector keen to hire in Q4: Report

Majority of manufacturing companies plan to hire more people in the next three months amid increasing domestic demand, according to a survey. A TeamLease 'Employment Outlook Report' for the fourth quarter on Tuesday said the positive higher hiring sentiment is driven by large scale enterprises (69 per cent), followed by medium (44 per cent) and small (39 per cent) businesses. The findings are based on a survey of 301 manufacturing companies across 14 cities in India. More than 60 per cent of employers in the manufacturing segment aim to recruit and expand their resource pool. The overall intent to hire for both the manufacturing and services sectors combined has grown to 68 per cent in the said quarter from 65 per cent in the third quarter, it said. "The global employment rate has increased considerably post the last Covid-19 wave and is poised to grow stronger in the coming quarters. With domestic demand increasing, despite stringent external conditions, the manufacturing industr

India Inc's profit declines sharply to 3.48% of GDP in Q2 of FY23

Ratio for manufacturing firms at 9-quarter low of 0.93%

Zetwerk set for over $1-billion revenue in FY23 on China Plus One

Zetwerk's acquisition of Unimacts will provide the company with immediate access to marquee solar and wind-power customers

India to be a semiconductor manufacturing hub: Rajeev Chandrasekhar

Chandrasekhar said India is well positioned to emerge as a major player in electronics and semiconductor products manufacturing as part of the 'China Plus One' diversification strategy

Central government to introduce 7-8 PLI schemes in next Budget: Report

The new PLI schemes will likely cover segments like textiles, electronic components, furniture, toys and leather

Eveready Industries' Q2 profit halves; revenue from operations up 5.3%

Eveready Industries India Ltd on Friday said September quarter profit more than halved, hit by a charge related to a loan repayment and higher input costs

Net profits of manufacturing companies surged by 50.2% in FY'22: RBI

Net profit also increased for the information technology (IT) companies, whereas the non-IT services sector continued to record losses at the aggregate level

Tech, engineering, manufacturing firms lead office space in Chennai: Report

As per the latest office report 'CBRE India Office Figures Q1 2022', the total office leasing for the quarter (ending March 31, 2022) was at 2.3 million square feet in Chennai

Sales of manufacturing companies grow 27.3% in December quarter: RBI data

Maintaining their growth momentum, information technology companies recorded 20.7 per cent increase (y-o-y) in sales during the third quarter of 2021-22

Azad Engineering to set up third manufacturing plant, to invest Rs 500 cr

The company said it plans to invest the money over the next three years on this plant

Manufacturing firms list green goals; environmentalists say more needed

Tata Power was the first power company to declare a net-zero target for itself

Cosmo Films net profit up 84% to Rs 53 crore in September quarter

Cosmo Films Ltd has reported an 83.65 per cent increase in consolidated net profit to Rs 52.71 crore in the second quarter ended September.

NTPC opens up its plant premises for manufacturing units, invites EoIs

BHEL had floated a similar EoI, inviting global firms to leverage its facilities and capabilities to set up a manufacturing base in India.

Operating profits of manufacturing companies declined in Q4FY20: RBI

The operating profits of services companies (IT and non-IT) decelerated due to moderation in sales growth during the last quarter of 2019-20, it said

Covid-19 impact: India looks to lure more than 1,000 US firms out of China

In talks with Medtronic and Abbott on relocating units

Manufacturing firms want partial lift on Covid-19 lockdown to reduce losses

Most of the exporters have the required manpower and had sourced the raw material before the lockdown. All they need now is permission to produce their goods

Corporation tax cut benefit unlikely for 90% manufacturing enterprises

The gap is even wider with new manufacturing companies, which will be taxed at 17.2%

Industry 4.0 is India's second big opportunity

In this plethora of concepts and technologies, where does the India advantage lie?