'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.'
The apex court raised the ceiling limit of iron ore mining from 28 MMT to 35 MMT for Ballari district, and from 7 MMT to 15 MMT for Chitradurga and Tumkur districts.
India's services sector activity witnessed a sharp upturn in August on the back of stronger gains in new business, ongoing improvements in demand conditions and job creation, a monthly survey said on Monday. The seasonally adjusted S&P Global India Services PMI Business Activity Index rose from July's four-month low of 55.5 to 57.2 in August, amid a quicker upturn in business activity and the sharpest rise in employment for over 14 years. For the thirteenth straight month, the services sector witnessed an expansion in output.
With a million-odd electric vehicles (EVs) - two-wheelers, e-rickshaws, buses and passenger cars - expected to hit the road this calendar year, the shift from gasoline-powered vehicles has become irreversible. Now the question is whether the supply chain is ready for this shift. Key components - the high-powered lithium-ion battery and the cells which go with it, the electric motor, and the electronics powered by chips - account for nearly 60 per cent of the cost of an EV.
Companies, which are jumping into the bandwagon, include MNCs. For instance, the world's leading component company Bosch has committed an investment of Rs 2,650 crore (Rs 26.50 billion) through four subsidiaries in India. Funds will be used to set up manufacturing facilities for gasoline systems, electronic control units and ABS systems.
Over 50 pharmaceutical companies have scaled down operations in Maharashtra and Gujarat and are moving out to states like Uttaranchal and Himachal Pradesh following steep hike in excise duty in the Union Budget.
A terror operative who was the main shooter in the grenade attack on the Punjab police intelligence headquarters in Mohali last year has been arrested from Uttar Pradesh, an official of the National Investigation Agency (NIA) said on Wednesday.
For the first time in 13 years, since Jet Airways' A330 planes exited the airline's fleet in around 2010, an Indian wide-body aircraft will have a Rolls-Royce-powered engine, with Air India ordering 40 Airbus A350 planes. On Tuesday, Air India announced its mega aircraft order for 470 aircraft, including A350 planes. The A350 aircraft, which will come in two variants, are powered solely by Rolls-Royce Trent XWB engines and the local team has begun work to assist Air India with its aircraft-induction plans.
Information technology majors like Hewlett-Packard, Canon and Intel have joined hands with the Manufacturers' Association of Information Technology to form the IT anti-counterfeit coalition to curb hardware counterfeiting market in India.
AzaadiSAT had around 75 small payloads developed by schoolgirls of 75 rural schools.
Following good demand from domestic sector, cement shipments have come down by almost 30 per cent this year.
As many as 48 companies, including Reliance Retail, Jindal Power Ltd and Adani group, are in the final list of eligible prospective resolution applicants for acquiring debt-ridden Future Retail Ltd. The Resolution Professional of Future Retail Ltd (FRL), which is currently going through an insolvency resolution process, on Monday came out with the final list of 'Eligible Prospective Resolution Applicants'. On April 10, FRL's RP updated a list of 49 companies, which had submitted Expressions of Interest (EoIs) after the company's lenders decided to invite fresh bids after dividing its assets into clusters.
According to industry sources, domestic toy manufacturers are seeing a sharp rise in sales during the current financial year. On January 1, 2021, India had banned the sale of toys that are not certified by the Bureau of Indian Standards (BIS). This meant that all factories churning out toys to be sold in India had to be certified by the bureau along with mandatory product testing, including for units abroad.
Apple is hoping to assemble in India 25 per cent of all iPhones produced globally to reduce its heavy dependence on China.
The NIA on Thursday filed a chargesheet against six people in connection with the October 2022 Coimbatore car bomb blast, saying the prime accused of the terrorist attack was "inspired by ISIS ideology".
'Having India as a credible deterrent vis-a-vis Chinese ambitions in the Indian Ocean and South Asian region is a desirable short-term outcome.'
Personal computer penetration in the country has almost trebled from 6.3 per 1,000 people in 2000-01 to 18 per 1,000 in 2005-06, according to data provided by the Manufacturers' Association for Information Technology.
Buoyed by increased consumption and price-drop, the personal computer sales touched 30 lakh units (3 million) in 2003-04, registering a growth of 32 per cent over the previous fiscal.
Personal computer sales crossed 36.3 lakh units during 2004-05, registering a growth of 20 per cent over 2003-04 on the back of strong household sales.
The Consumer Electronics and TV Manufacturers Association on Thursday strongly objected to reports suggesting levy of cess on television sets, saying it would cripple sales.
The Central Bureau of Investigation has arrested the commercial head and production controller of India Ahead News in connection with a probe into the alleged Delhi excise scam, officials said Monday.
The CBI has alleged that Singh had transferred funds through hawala channels to Chariot Media that was handling the AAP's publicity campaign during the Goa elections, the officials said.
Fuelled by rising passenger traffic and reviving local economies, the global airline industry is projected to record a net profit of $9.8 billion this year, IATA Director General Willie Walsh said on Monday and also made a strong pitch for having global standards for a Sustainable Aviation Fuel (SAF) book and claim system to help reduce carbon emissions. While addressing the Annual General Meeting of the International Air Transport Association (IATA) here, Walsh also flagged concerns about supply chain issues that are raising costs as well as limiting the ability of airlines to deploy aircraft. He also pointed out that decarbonising aviation is a serious issue and governments must not be allowed to use it to shore up exchequer finances.
The Consumer Electronics and TV Manufacturers Association on Friday asked the government to roll out conditional access system in the remaining zones of Delhi, Mumbai and Kolkata and clear the present uncertainty on its implementation.
The number of active Internet subscribers during 2003-04 increased 64 per cent to 23 lakh (2.3 million) from 14 lakh (1.4 million) in the previous fiscal, according to the Manufacturers Association for Information Technology.
'Geopolitical risks and their impact on oil prices, if any, are another concern for global markets, particularly for India.'
Needed: Speedy implementation of infrastructure related projects and liberalisation of private sector participation in the infrastructure sector.
Indian Bottled Water Manufacturers' Association said on Monday that industry players were ready to upgrade technology to ensure better quality of water, entailing additional investments and 30-40 per cent hike in prices.
'Instead of ACs, the government should do something to increase our salary.'
'If you wish to make a big-ticket purchase on EMI without having to pay additional charges, no-cost EMI would be the right choice for you.'
Government has initiated an anti-dumping investigation against imports of Titanium Dioxide from China.
