Page 2 - Manufacturing Companies
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
 "Net profits of manufacturing companies surged by 50.2% in FY'22: RBI")
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
 "Tech, engineering, manufacturing firms lead office space in Chennai: Report")
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
 "Sales of manufacturing companies grow 27.3% in December quarter: RBI data")
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
 "Azad Engineering to set up third manufacturing plant, to invest Rs 500 cr")
Manufacturing firms list green goals; environmentalists say more needed
Tata Power was the first power company to declare a net-zero target for itself
 "Manufacturing firms list green goals; environmentalists say more needed")
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.
 "Cosmo Films net profit up 84% to Rs 53 crore in September quarter")
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.
 "NTPC opens up its plant premises for manufacturing units, invites EoIs")
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
 "Operating profits of manufacturing companies declined in Q4FY20: RBI")
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
 "Covid-19 impact: India looks to lure more than 1,000 US firms out of China")
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
 "Manufacturing firms want partial lift on Covid-19 lockdown to reduce losses")
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%
 "Corporation tax cut benefit unlikely for 90% manufacturing enterprises")
Industry 4.0 is India's second big opportunity
In this plethora of concepts and technologies, where does the India advantage lie?
 "Industry 4.0 is India's second big opportunity")
