CII will have a three-pronged approach. First, the chamber will concentrate on consumers and will urge companies to focus on the end users, says N Srinivasan.
The United States-based Rohm and Haas company, a speciality material major, is targeting a turnover of over $100 million from its Indian operations in the next five years.
Personal computer sales crossed 17.1 lakh (1.71 million) units during the first half of the current fiscal, showing a growth of 37 per cent over the same period last fiscal.
India's manufacturing sector activity witnessed a significant loss of growth momentum in May due to the intensification of the COVID-19 crisis and its detrimental impact on demand, a monthly survey said on Tuesday. The seasonally adjusted IHS Markit India Manufacturing Purchasing Managers' Index (PMI), fell to 50.8 in May, down from 55.5 in April, as companies observed the slowest rises in new work and output in ten months amid intensification of the COVID-19 crisis. In PMI parlance, a print above 50 means expansion while a score below 50 denotes contraction.
Auto Expo 2023 may not trigger a fresh rally in automobile stocks, say analysts, as this year's edition lacks participation from major listed players. It is also owing to the focus on electric vehicles (EVs), a segment where four-wheelers have minuscule market share. "In the passenger vehicles (PV) segment, Maruti Suzuki India and Tata Motors are the only listed players.
Domestic car sales increased by 7.6 per cent in October to 79,403 units as against 73,772 units in the same month last year.
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The "OneLove" armbands FIFA banned at the World Cup in Qatar are suddenly selling like hotcakes.
Marking a significant turnaround in personal computer sales, the desktop PC market clocked 23 lakh (2.3 million) units, registering a 37 per cent growth during 2002-03, compared to a negative growth of 11 per cent last year.
More than Rs 8 crore unaccounted cash has been seized in subsequent raids at various locations by Lokayukta. The arrested officer's father is Madal Virupakshappa, the MLA representing Channagiri constituency in Davangere district of the state.
Personal computer sales in the country are likely to grow 40 per cent during 2004-05 touching 4.2 million units, the Manufacturers Association of Information Technology said on Thursday.
Clock 11% growth in the first 11 months of 2022.
Maruti will launch its first electric vehicle (EV) in the next financial year (FY24), and will roll out six EVs in the country by FY30, the automaker's parent firm Suzuki said on Thursday.
Mumbai-based Indian Semiconductor Manufacturing Company (ISMC) and Singapore-headquartered IGSS Ventures have one strategy in common: They have told the government in their application for semiconductor fabrication plants that they will export the bulk of the chips they make in India in the initial five or 10 years. The third applicant, Vedanta-Foxconn, which is also building a fab plant, has said it will concentrate on the needs of consumer electronics and mobile device markets, and earmark 80 per cent of output for domestic consumption, but has not specified its customers. Finding a viable domestic market could well be the biggest challenge for India's renewed tryst with semiconductors. Fab plants do not sell directly to end users but to intermediary chip design companies - such as Qualcomm or MediaTek.
The number of active Internet subscribers in terms of entities increased marginally to 1.30 million in September 2002 against 1.29 million in March 2002.
Consumer Electronics and TV Manufacturers Association on Thursday said higher cost of inputs like plastic and steel would lead to an 8-12 per cent increase in product prices in the segment.
The Supreme Court on Friday refused to give any further hearing on the pleas of companies which were illegally allocated coal blocks by the government.
'We seem to be in a situation where we can do little, and nothing needs to be done anyway.'
Despite their opposition based on ideology, both the political Right and the political Left possess similar behaviour, observes Shyam G Menon.
Owing to the poor market conditions and tepid sentiments, the size of the show has shrunk compared to the last edition, which took place in 2018. A majority of the two-wheeler makers, and several car and commercial vehicle makers, have opted out of this year's show, which opens for the media on Wednesday.
'India has a lot of potential, not just in commercial aspects, but also in hiring of people and sourcing of products.'
The government on Tuesday said a steel policy is likely to be formulated by this year-end even as it constituted a high level committee to look into the issue of iron ore availability.
Recovery was largely driven by the European Union markets.
Making it clear that relaxations will not be provided to US-based electric vehicles major Tesla unless it participates in manufacturing activities in India, Union Minister Krishan Pal Gurjar on Tuesday said there cannot be a situation where the market is India but jobs are created in China. The minister of state for heavy industries also told the Lok Sabha during Question Hour that the company is yet to apply for schemes as per the government's policy. Last year, the Elon Musk-led company sought a reduction in import duties on electric vehicles (EVs) in India but the Ministry of Heavy Industries asked the firm to start manufacturing its iconic EVs in the country before any tax concessions can be considered.
Domestic tyre production fell by 3.2 per cent in April 2003 as high-volume segments like car, utility vehicle, motorcycle, scooter and tractor tyres recorded a decline in production.\n\n\n\n
India's largest garment hub Tirupur continues to reel from the effects of the pandemic, with almost 10 per cent of its orders for the upcoming season getting diverted to Bangladesh, Vietnam, Cambodia and China. The sector had seen a drop of about 9 per cent in exports during the first wave, but the impact is likely to be more this time, according to industry experts. Being one of the epicentres of Covid cases in the state, a majority of manufacturing units in the textile belt were closed for almost six weeks during the second wave.
