Gift Nifty will provide Indian investors cues on how domestic markets could react to global events.
New businesses have been secured from the public and private sectors, as well as domestic and international markets.
According to Madhavan, the delivery of the Tejas LCA to the IAF under the Rs 48,000-crore deal will begin from March 2024 and around 16 aircraft will be rolled out annually till the completion of the total supply of 83 jets.
It is baffling how the PM chose the LCH as an indigenous product to celebrate on Rashtriya Raksha Samarpan Parv, even while his Cabinet holds up manufacturing clearance for 15 LCHs on the grounds that they are not Indian enough.
As the economic crisis in Sri Lanka - the world's largest exporter of orthodox tea - continues to rage across the island nation, tea producers in India look to cash in on the opportunity to seize the market. The country's largest tea growing company, McLeod Russel India, expects orders to come in from July. "A huge opportunity is coming up for everyone in India. "McLeod Russel is well placed because we have the capacity for orthodox tea," said Azam Monem, director, McLeod Russel. About 10 per cent of McLeod's production is orthodox tea.
A sample study conducted for the period August-October 2008 by department of commerce for 121 export related companies also revealed loss in export orders to the tune of Rs 1792 crore (Rs 17.92 billion), he said during Question Hour in Lok Sabha.
India's manufacturing sector activity moderated in January amid slower increase in total sales, and headcounts were broadly unchanged amid sufficient staff numbers to cope with current requirements, according to a monthly survey. The seasonally adjusted S&P Global India Manufacturing Purchasing Managers' Index (PMI) fell from December's recent high of 57.8 to 55.4 in January, as factory orders and production rose at sharp, albeit slower, rate. The January PMI data pointed to an improvement in overall operating conditions for the 19th straight month.
The index, however has remained above the 50 mark - below which it indicates contraction - for more than three years now.
Amit Goyal, president, Confederation of Indian Apparel Exporters, plans to reduce the number of companies his group Sarju International
India's manufacturing sector witnessed a slowdown in July - the weakest growth rate since November - because of moderation in domestic and export orders amid sagging global economy, an HSBC survey said.
In contrast with their strong performance in 2020 and 2021, pharmaceutical and healthcare funds experienced a decline in 2022, with returns plummeting by an average 9.8 per cent. This trend has continued in the current year, with year-to-date return remaining in the negative (-4.9 per cent). In the past three months, pharma funds have been hit hard, experiencing a 7.9 per cent decline.
The latest PMI showed inflation pressures ebbed further last month with both costs of raw material and prices charged rising at a slower pace than March.
Exporters can make payment of fees through debit/credit cards.
The government has asked industry to provide a list of Chinese suppliers that would like to shift some capacity to India provided they are willing to set up JVs with Indian companies.
Honda Motorcycle and Scooter India (HMSI), India's second-largest two-wheeler maker, on Wednesday revealed its electric vehicle (EV) roadmap, which includes setting up a dedicated EV factory, launching the first two EVs in 2023-24, and establishing 6,000 battery exchange points in the country. HMSI plans to establish a specialised unit for the manufacturing of electric vehicles (EVs), named 'Factory E', at its Narsapura plant located in Karnataka. Factory E will be created by converting an existing production line that currently manufactures internal combustion engine (ICE) vehicles, said Atsushi Ogata, HMSI managing director and chief executive officer.
The index has remained above the 50-mark, below which it indicates contraction, for more than three years now.
They are both electronic manufacturing services (EMS) companies, also known as contract manufacturers. One is Taiwan's Foxconn group, the undisputed global number one in this business with revenues of $223 billion. The other is Dixon Technologies, the biggest domestic player with revenues of over Rs 10,500 crore.
Input shortages and low inventories, according to Nomura, will likely lead to production cuts and delayed shipments in the September 2021 quarter.
Prices in the domestic market are increasing because there is a demand pull, and internationally, prices have gone up.
A Chinese executive has been sentenced to a year in prison and ordered to pay penalty of $100,000 for conspiring to illegally export high-performance coatings to a nuclear power plant in Pakistan.
The HSBC/Markit purchasing managers index for the manufacturing industry stood at 50.1 in July, slightly more than 50.3 in June, indicating a broad stagnation of manufacturing operating conditions in India.
'We are called artists, just like the film people and dancers and actors. But there's a very little value to what we do as artists.'
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 growth accelerated in April, as strong demand conditions resulted in the fastest increase in new business and output in close to 13 years, a monthly survey said on Wednesday. The pick-up in demand occurred in spite of escalating price pressures. The seasonally adjusted S&P Global India Services PMI Business Activity Index rose from 57.8 in March to 62.0 in April, signalling the fastest expansion in output since mid 2010, amid a pick-up in new business growth and favourable market conditions.
IT and pharma companies again save the day; mask pain in domestic consumption.
They said after examining and analysing the adverse event reports, causal relationship and all related details shared by or to be shared by the WHO, the committee will advise and recommend further course of action to the Drugs Controller General of India (DCGI).
Anil said the company is in the process of signing a contract with the Indian Coast Guard for the first defence order for 14 fast patrol vessels
The court was hearing a petition filed by Nestle India.
'The government should act proactively to instil confidence in the private investors, and also boost the purchasing power of people directly or indirectly by ensuring minimum wages.'
The proposed SEZ will have various facilities including processing centers and cold storage and other critical infrastructure facilities required for marine food exports.
The Baleno is among the top selling cars with unserviced bookings of 55,000 units.
'Today, we have 150,000 orders a month. And a monthly sale of Rs 1 crore.'
Benchmark interest rate hiked by 50 basis points to 3-year high at 5.90 per cent. Economic growth projection for FY23 cut to 7% from 7.2% estimated in August. GDP expected to grow at 6.3% in September quarter, 4.6% each in December and March quarters.
Continuing slide in demand for new cars in Europe has made Maruti Suzuki edgy about business, but the automobile major is still looking forward to bagging export order for hatchbacks from Nissan this year.
President Ram Nath Kovind on Monday said that India has once again established itself as the world's fastest-growing economy. "Due to consistent endeavours, India has again emerged as one of the fastest-growing economies in the world. "GST collection has consistently remained above Rs 1 lakh crore during the last several months," President Kocind said while addressing both Houses of the Parliament at Central Hall ahead of the Budget Session. In the first seven months of the current financial year, the inflow of 48 billion dollars, the President said is a "testimony to the belief the global investor community has in India's growth story."
Out of 389 SEZs notified, 170 are operational, Export Promotion Council for export-oriented units and special economic zones (EPCES) said in a statement.
The Israeli envoy said what is happening in India over Pegasus is an internal matter of the country.
Even as India strives to climb the development mountain, the fact is that the mountaintop is already crowded. If it got there in 2047, India would be very much a late-comer, observes T N Ninan.
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