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Optiemus Infracom has delivered multibagger returns to the shareholders in the last 365 days, rising 111.71 percent on the BSE.
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Raghuram Rajan also underscored the importance of job creation, particularly through the development of skills and called for greater collaboration between industry and training institutions to ensure that people have the skills needed to be employable.
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The Nifty Manufacturing index climbed to 13,080 intraday. It has touched new all-time highs for the past five sessions. The manufacturing index has gained 57 percent in the last 12 months.
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Furthermore, the manufacturing giants are also expecting the Budget 2024 to propose greater capex push, higher infrastructure allocation, port and digital infrastructure development to boost logistics efficiency and competitiveness.
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The seasonally adjusted S&P Global India Manufacturing Purchasing Managers' Index (PMI) slipped from 57.5 in September to 55.5 in October, the slowest rate of expansion since February.
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In the fiscal year that started in April, the disbursements could rise to nearly 110 billion rupees and to 400 billion rupees by fiscal year 2024/25, one of the two officials said, citing an internal analysis by the government.
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Under the theme of "Innovation, Digitization, Sustainability: Scaling towards Global Manufacturing Excellence," the event underscored the notion that India's ascendancy in the manufacturing realm is underpinned by its commitment to delivering product quality and excellence at a competitive cost
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The success of the PLI scheme in augmenting India’s manufacturing is most visible in electronics, which has seen a multi-fold jump in exports. Product choices could have been more comprehensive or exhaustive for specialty steel, key starting material/active pharmaceutical ingredient and telecom instruments
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Enam Holding's investment director holds a negative outlook on the insurance sector but is optimistic about the potential for growth and profitability in the asset managers operating in the financial savings space and the manufacturing sector.
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The founder of the asset management company says a higher contribution of manufacturing will lead to a higher capex, resulting in higher purchasing power of the people. This will lead to a cycle of wealth creation
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The PLI scheme seeks to provide incentives to the tune of 60 percent based on the investment criteria, incentives will be provided across various facets of the textile industry such as weaving, knitting and spinning, among other segments.
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The Chinese economic growth is expected to moderate to 3.5 per cent this year due to various reasons, including disturbances in the property sector and frequent Covid-induced lockdowns.
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It said the government has implemented several reforms under the FDI policy regime across sectors such as insurance, defence, telecom, financial services, pharmaceuticals, retail trading, and e-commerce.
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The seasonally adjusted IHS Markit India Manufacturing Purchasing Managers’ Index (PMI) stood at 52.3 in August, down from 55.3 in July, indicating a softer rate of growth that was subdued and below its long-run average.
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The seasonally-adjusted IHS Markit India Manufacturing Purchasing Managers' Index (PMI) declined to 48.1 in June from 50.8 in May.
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The seasonally-adjusted IHS Markit India Manufacturing Purchasing Managers' Index (PMI) fell marginally to 57.5 in February from 57.7 in January, indicating that even though the pace of growth eased from January it remained sharp in the context of historical data.
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According to IHS Markit, India’s manufacturing PMI rose to 56.4 in December 2020, a tick higher from November 56.3. However, the survey also brought the bad news of falling employment.
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The proportion of respondents reporting higher output during July-September rose to 24 per cent, as compared to 10 per cent in the previous quarter.
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With an intent to support the manufacturing sector, TKM had put together a team of cross-functional experts to go into minutest details of various operations and create a standard operating procedure that would ensure the "safest possible" restart to manufacturing by securing the workers from any health hazards, a company statement said.
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India has increased import tariffs or imposed duties by withdrawing exempt status of goods over the past few years to encourage local manufacturing.
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In a growing era where countries are inclined to flout the WTO rules and their own commitments, the uncertainty is a case for concern for developing countries like India.
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The IHS Markit India Manufacturing PMI rose to 51.2 in November from 50.6 in October, when it had fallen to a two-year low, indicating only a slight improvement in the health of the sector.
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The Nikkei India Manufacturing Purchasing Managers Index (PMI), fell from 52.1 in February to a five-month low of 51.0 in March, indicating the slowest improvement in operating conditions recorded by the survey since last October.
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The findings were largely at odds with a downbeat official factory activity reading on Wednesday, which raised concerns of a sharper-than-expected slowdown in the world's second biggest economy this year.
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The official manufacturing Purchasing Managers' Index (PMI)is expected to have dipped only slightly to 51.2 in February from January's 51.3, according to a median forecast of 29 economists in a Reuters poll.
