'As long as economic growth remains steady, creating jobs and generating stable incomes, the rise in home loans should not create problems.' 'If the growth trajectory changes course over the medium term and interest rates rise along with inflation, the expanding trend in home loans may not sustain.'
Adani Enterprises, the flagship of Adani Group, said on Wednesday new businesses of renewables, data centres, airports and roads account for more than 33 per cent of earnings and it will complete all infrastructure projects on time. "We are laser focused on continuing our business momentum, in this market volatility. "We are confident in our internal controls, compliance and corporate governance.
While an estimated 3.3 lakh tonnes of e-waste is generated in India, about 50,000 tonnes is imported or dumped in the country. Only 40 per cent of India's total e-waste is recycled, and the rest is left in storehouses due to an inefficient collection system.
India Inc has suffered a massive loss of over Rs 43,000 crore (Rs 430 billion), in the recently concluded financial year due to non-availability and mismanagement of power, a study says.
The "opaque" electoral bonds scheme for funding political parties will "destroy democracy" as it promotes corruption and does not allow a level playing field between the ruling and opposition parties, the petitioners challenging the validity of the scheme told the Supreme Court, which on Tuesday observed election funding was a "complicated issue".
According to the Auto Component Manufacturers Association, the apex body of component makers in India, global sourcing of components from the country will double from $2.95 billion to $5.9 billion in 2008-09, and is slated to hit $20 billion in seven years.
India's total value of defence production breached Rs 1 trillion-mark in the fiscal year 2022-23 (FY23), up 12 per cent year-on-year (YoY). At the bourses, this has been well reflected in related-stocks from the sector as they gained considerable ground during this period. Shares of Hindustan Aeronautics (HAL), Mazagon Dock Shipbuilders, MTAR Technologies, Bharat Electronics (BEL), and Bharat Dynamics (BDL) have skyrocketed up to 160 per cent in a year, as against a 14 per cent jump in the S&P BSE Sensex.
The personal computer sales during the first quarter ended June 30, 2003 crossed 640,000 units, a growth of 26 per cent over the year-ago period, according to the Manufacturing Association of Information Technology.
The government on Monday banned use of potassium bromate as a food additive following a CSE study that found its presence in bread as causing cancer.
Maharashtra, which contributes between 12 and 15 per cent of appliances sales, announced lockdown-like curbs, meaning there will be no business for the second half of the month as well from the state.
According to Puneet Gupta, general secretary of the Ambala Scientific Instruments Manufacturers' Association, the frequent variations in the value of the rupee against the dollar have hit the already squeezing margins. He added that the value of exports of individual units is not large enough to resort to the modern banking instruments like hedging.
Eyeing the inevitable construction boom in India, cement companies in Pakistan are readying for huge exports to the neighbouring nation now.
Industrialists in Nasik have strongly opposed the power regualtor's proposal to have 18-32 hours of load-shedding in the industrial areas and implement five-day week to save electricity in Maharashtra.
The personal computer market is set to grow by 22 per cent in this financial year and may record sales of 6.5 million units.
"On space, we will be able to announce that India is signing the Artemis Accords, which advance a common vision for space exploration for the benefit of all humankind," a senior administration official said hours before the meeting between Prime Minister Narendra Modi and President Joe Biden in the Oval Office.
The industries in Nashik, which bore the brunt of violence after MNS chief Raj Thackeray's arrest in Mumbai, have suffered losses to the tune of Rs 400 crore. The incidents of stone-pelting, arson and exodus of North Indian workers from the region have hit the local industries hard, Prashant Sathe, general secretary of Nashik Industries Manufacturers' Association (NIMA) said.
Sales of PC declined by seven per cent to 67,90,000 units from 73,40,000 units in 2007-08, an annual review by the Manufacturers Association for Information Technology said. Sales of desktops declined four per cent at 52.7 lakh units. The net book appeared to be better insulated from the prevailing market sentiment with sales of netbooks exceeding 70 thousand units in fiscal 2008-09.
Better marketing, more recyclers needed, say hardware makers.
Though the Patidar-dominated Morbi Assembly seat in Gujarat is considered a stronghold of the Bharatiya Janata Party, the poll equations this time may change due to many factors, including the recent bridge tragedy which claimed 135 lives, political observers say.
DGCA's move seeks to ban perfumes for pilots as they have alcohol and can affect the results of breathanalyser tests. But the FAA and EASA have different standards, says senior journalist Shobha John.
'Continue with your SIPs to get the benefit of lower average prices in this challenging market environment.'
The steep rise in prices of key components, coupled with a ban on the import of finished sets, is expected to hit prominent Chinese brands, such as OnePlus, Xiaomi, TCL, and Realme.
The Rs 1.5-trillion-a-year industry has ended the year with a 30 per cent fall in sales because after a steady recovery in the festive season, multiple factors dashed its hopes of revival at the end of the year.
'Counter terrorism does not appear to be good guys fighting the bad ones; it is about people being picked up, detained and charged with crimes they did not commit.'
Exports of textiles and jewellery from India may register negative growth this year thanks to the appreciation of Rupee against the US dollar.
Several Indian traders, hawkers, as well as transport and gig workers' unions will join a global campaign by Make Amazon Pay coalition happening across close to 40 countries on Black Friday to protest alleged exploitative practices by the tech giant. Employees in the US, the UK, India, Japan, Australia, South Africa and across Europe are demanding better wages and working conditions as the cost-of-living crisis deepens, as part of the campaign. Trade unions, including Bharatiya Udyog Vyapar Mandal, Hawkers' Joint Action Committee, Gig Workers' Association, and All India People Science Network, will join the campaign.
Despite the national capital recording its best air quality on Diwali day in eight years, pollution levels may rise due to low night temperatures and sporadic burning of firecrackers though there is a ban on their manufacture, storage, sale and use within the city.
Indian exporters are keeping their fingers crossed on account of rising Covid infections in China and other countries as it could again disrupt supply chains and affect demand for goods. Federation of Indian Export Organisations (FIEO) director general Ajay Sahai said that if the cases continue to increase in the coming days, it may have implications on imports. "We are keeping our fingers crossed," he said.
Sales of PCs are likely to reach 72.5 lakh units this fiscal following a steady demand from various industries.
For India to be atmanirbhar, domestic manufacturers cannot remain merely assemblers of imported parts. Manufacturing in India cannot survive on support of imports forever.
P N Dhoot wins 'Man of Electronics' award
The Centre has asked traders and resellers of medical devices to register in an attempt to expand the ambit of regulating the medical devices industry in the country. The move can have far-reaching consequences for both consumers and traders alike as products like face masks or prophylactics - now sold through grocers and other channels - may face issues of availability. In a notification dated September 30, the union ministry of health and family welfare said anyone wanting to sell, stock, exhibit or offer for sale or distribute a medical device, including in-vitro diagnostic medical device, will need a certificate of registration.
According to industry analysts, this will have a marginal effect because hardly 10 per cent of the cement sold in the country has the maximum retail price of Rs 250 a bag (50 kg). H M Bangur, president, Cement Manufacturers' Association and managing director of Shree Cement, said: "Such a measure will have impact on certain regions of the country where the prices are on the higher side. This will include the north-east, Tamil Nadu, Kerala and Mumbai."
'The world over, everybody is asking for the same medicines, same APIs, same KSMs.' 'However, there is just one supplier -- China -- for the entire world.'
