India’s manufacturing sector showcased encouraging growth in May and painted a positive picture for the industry. According to S&P Global’s India Manufacturing Purchasing Managers’ Index, it rose from 57.2 in April to 58.7 in May, indicating the most robust improvement in the health of the sector since October 2020 or a 31-month high. Not only […]
JSW Steel is entering into an equal joint venture with JFE Steel Corporation of Japan to manufacture grain-oriented steel sheets. These sheets find a use in the electrical industry. According to information, in Vijaynagar, Karnataka, where JSW runs a 12 million-tonne steel plant, the downstream facility will be built. The companies did not disclose the […]
JSW Steel on Wednesday said that its USA unit (JSW Steel USA) plans to invest USD 145 million in upgrading its manufacturing operations in Mingo Junction, Ohio, according to the company’s regulatory filing. The move is aimed at meeting the demand for quality steel products “melted and manufactured in the US,” in alignment with President […]
In a series of meetings with the Union government and Prime Minister Narendra Modi, Apple Chief Executive Officer Tim Cook has expressed confidence about a long-term working relationship with India. After the meeting with Prime Minister Modi, Tim Cook on Wednesday tweeted, “Thank you Prime Minister @narendramodi for the warm welcome. We share your vision […]
The domestic wholesales of passenger vehicles rose 26.7 per cent to over 38.9 lakh units in 2022-23, according to SIAM report. It was 30,69,523 units for 2021-22. Domestic sales of passenger vehicles (PVs) grew 4.47 per cent to 2,92,030 units in March 2023, against 2,79,525 units in the previous year’s March, according to the report. […]
India’s smartphone exports more than quadrupled to USD 11.1 billion (approximately Rs 91,000 crore) in 2022-23 (FY23) from USD 5.48 billion (Rs 45,000 crore) the previous year, according to figures from the India Cellular and Electronics Association (ICEA). “With the doubling of smartphone exports to over Rs 90,000 crore, India is well on its way […]
Sugar manufacturer EID Parry on Monday declared the second interim dividend of Rs 4 per share for its investors for the just concluded financial year 2022-23. A dividend is a reward that companies often provide to their shareholders, though not mandatory, from a portion of their earnings. The decision was taken at a meeting of […]
Indian smartphone export is likely to have crossed USD 10 billion (over Rs 82,000 crore) in the previous financial year 2023, according to the new industry data. Apple’s ‘Make in India’ smartphones now constitute 50 per cent of total exports, followed by Samsung with 40 per cent of mobile exports and other smartphone players constituting […]
Attractive government incentives have boosted local manufacturing, setting the stage for smartphone exports from India to reach USD 10 billion (over 82,000 crore) in the fiscal year ending 31 March, according to industry data released on Wednesday. The Indian Cellular and Electronics Association (ICEA) reports that Apple’s ‘make in India’ smartphone now makes up 50 […]
PM MITRA Parks are path-breaking efforts to attract large-scale investments and accelerate the pace of exports in the textile Value Chain. Welcoming the announcement of the PM Mega Integrated Textile Region and Apparel Parks to be set up in Tamil Nadu, Telangana, Karnataka, Maharashtra, Gujarat, Madhya Pradesh and Uttar Pradesh, Sunil Patwari, Chairman, TEXPROCIL (The […]
