The Indian services sector growth touched a six-month high in December, supported by a robust intake of new work and favourable market conditions, a monthly survey said on Wednesday. The seasonally adjusted S&P Global India Services PMI Business Activity Index rose from 56.4 in November to 58.5 in December, highlighting the strongest rate of expansion since mid-2022. For the 17th straight month, the headline figure was above the neutral 50 threshold.
The performance of the auto component industry was impacted by moderation of vehicle sales in India in 2011-12.
IEEMA is again approaching the govt. with hope and puts forth the most critical issues / concerns of the industry requiring urgent attention of the govt.
The government has granted Geographical Indications (GI) tag to various products, including Gamosa of Assam, Tandur Redgram of Telangana, and an apricot variety of Ladakh. The commerce and industry ministry said on Wednesday that the total number of GI has reached to 432. "Famous Gamosa of Assam, Tandur Redgram of Telangana, RaktseyKarpo Apricot of Ladakh, Alibag White Onion of Maharashtra have got their GI tags," it said.
The added burden on manufacturers for recycling e-waste is expected to impact their margins, which may further lead them towards hiking prices of other items.
In about one-and-a-half to two years' time, Fiat's independent showrooms would be present in 20 cities.
'Just the amount of work which is there just to become more and more successful in banking. For this to happen you need to have leaders who understand technology.'
Farmers may be grinning ear to ear as the rain god is smiling on Punjab and Haryana, but industries in these states are busy calculating their losses.
With over Rs 17-crore (Rs 170-million) investment needed per Mw of solar power, an estimated Rs 18,000 crore investment would come in the Phase I.
The exports data for September would be announced next month. The exports data for September would be announced next month.
The total turnover of tyre industry covering 36 companies stood at Rs 22500 crore.
The pre-Budget memoranda of the Indian Drug Manufacturers Association and the Federation of Indian Chambers of Commerce and Industry have said more incentives are needed to spur drug research.
Maruti being the market leader with a disproportionately high share of the passenger car market helped its component makers grow as an industry all these years and hence, the exit from a segment is a jolt if not a big setback.
The reason: Less-than-expected sales to households and enterprises and the rupee losing value against the US dollar, says the latest report of the MAIT. Analysts say the personal consumption of notebooks has come down and enterprises have also stopped new purchases due to the slowdown in hiring. Educational institutes should be buying new machines, but that will happen when the new academic session begins.
Falling demands from household and corporate sector and a strengthening dollar has hit sales of desktops and notebooks in the country, registering a fall of 19 per cent in the October-December period, said MAIT, an IT industry body representing the hardware sector, on Monday.
Tractor makers on Wednesday said they would increase prices as rising steel costs were putting tremendous pressure on margins.
'We had tremendous faith in honorable Modiji in his second term as he was well-settled. Sadly that has been belied.'
Personal computer sales has crossed the five million-unit mark in 2005-06, registering a 32 per cent growth over the previous fiscal.
New participants included Chinese players such as Great Wall Motors and Haima Automobile along with Olectra.
Cement manufacturers' show during the June 2023-ended quarter (Q1FY24) has indicated an intensified slugfest for market share. For instance, Dalmia Bharat (Cement) said it has lost market share in eastern India owing to lack of price discipline. Industry analysts also said that the seasonal weakness in cement prices for Q1 is showing up earlier than usual.
India will export anti-malarial drug hydroxychloroquine, high in demand globally, only to foreign governments and not to private companies, as the product is under prohibited or banned category of exports, sources said. Although exports of this medicine is completely banned, India has decided to export this anti-malarial drug in sync with its global commitment to deal with the coronavirus pandemic.
Considering the government's promise of electricity for all by 2012, the only specific mention in the entire Union Budget for the power sector includes the allocation of Rs 7,000 crore (Rs 70 billion)for RGGVY and Rs 2,080 crore (Rs 20.8 billion) for the RAPDRP programme, Indian Electrical and Electronics Manufacturers Association, said. IEEMA welcomes the continuation of reforms, abolition of the fringe benefit tax and proposed introduction of GST on April 1, 2010.
Australia cricketer Phillip Hughes was wearing an older model helmet when he suffered a serious head injury on Tuesday and the latest version released about a year ago might have offered better protection, the equipment manufacturer has said.
Days after medical representatives said their employers were flouting the government's drug-pricing norms, the pharmaceutical industry has decided to clip their wings. These companies want them to be no longer recognised as "workmen," a classification that gives them the right to form trade unions.
Global Pharma Healthcare is recalling entire lots of eye drop linked to vision loss in the US, according to the US Food and Drug Administration. The Chennai-based company is recalling all lots of artificial tears lubricant eye drops distributed by EzriCare, LLC and Delsam Pharma to the consumer level due to possible contamination, the US health regulator said in a statement. "The Centres for Disease Control and Prevention (CDC) alerted FDA to an investigation of a multi-state cluster of Verona Integron-mediated Metallo--lactamase (VIM)- and Guiana-Extended Spectrum--Lactamase (GES)- producing carbapenem-resistant Pseudomonas aeruginosa (VIM-GES-CRPA) infections possibly associated with the use of the artificial tears manufactured by Global Pharma Healthcare," USFDA said.
Manufacturers Association of Information Technology on Tuesday demanded that excise duty should be halved to eight per cent to provide necessary tax incentive to the languishing sector.
While extending the National List of Essential Medicines will help patients, care has to be taken to ensure this does not lead to a slowdown of production as has happened in case of DPCO drugs.
So far at least eight incidents of EV fires have been reported in just over a month's time.
Hyderabad is likely to lose its status as the pharmaceutical capital of the country if the current political turmoil in Andhra Pradesh continues and the state is bifurcated, according to the head of the Bulk Drug Manufacturers Association (BDMA).
The recorded sales include both notebooks and desktop personal computers as of March 2008. Information Technology consumption in 2007-08 was led by a significant growth in notebook sales, which grew by 114 per cent, industry performance review by Manufacturers Association for Information Technology, the apex body representing India's IT hardware sector said. Western and Southern India recorded a maximum growth in PC consumption at 39 per cent each.
Tata Group-owned Air India is considering buying more than 200 new planes with 70 per cent of them being narrow-bodied aircraft, aviation industry sources said on Sunday. While Air India has zeroed in on Airbus's A350 wide-bodied aircraft for the procurement, the talks with Airbus and Boeing for narrow-bodied aircraft is still on, they said. A wide-bodied plane like Airbus A350 has a bigger fuel tank that allows it to travel longer distances such as the India-US routes.
Indian team's jersey sponsor Byju's wants to terminate its agreement with the BCCI which has asked the company to continue at least until March 2023.
The six billion plastic straws sold with every small tetra pack of juice, milk, lassi, coffee and other drinks can be replaced by paper straws to protect the environment but it will have to be done in phases. That was the message of the presentation made by FMCG companies using small tetra packs last week by their body, the Action Alliance for Recycling Beverage Cartons. The association told the Environment Ministry that companies need 18 months from the ministry's deadline of July 1 - when the ban on the use of single plastics for straws, plates and spoons comes into effect - to make the transition.
The director general of investigations and registration, in its 30-page report submitted to MRTPC, said that industry body CMA was instrumental in fixing prices in the sector.
India 'seriously' considering bid for 2036 Games, says sports minister
