The continued slowdown in global manufacturing activity in June 2023 (at a six-month low of 48.8) and the drop business optimism index to a seven-month low have reignited fears of a global growth slowdown, said the Bank of Baroda in a report on Tuesday. The report stated that activity in China is losing momentum (PMIs, […]
India has recently emerged as a big player in the global manufacturing sector, partly due to positive trends and growth in important industries. As India aspires to become a global superpower, self-reliance in manufacturing is crucial. By nurturing a thriving and independent domestic manufacturing industry, India can establish a strong foundation to achieve its goals […]
Wistron is shutting is iPhone assembly in Kolar, Karnataka and is in the process of selling the facility to Tata Group. The company is one of three global contract manufacturers to start assembling iPhones in India in 2017. But a leading media house said that Wistron’s struggle with component manufacturing and vendor-managed inventory holding was […]
The Economist Intelligence Unit (EIU) reported earlier this month that India was one of the most improved countries in its quarterly forecast of the best business environments in the next five years. In the EIU’s Business Environment Ranking (BER) published on April 13, the South Asian nation climbed six notches on a global basis and […]
Egg prices continue to spike in Japan with the current avian flu season touching a record 16 million birds marked for culling, impacting both the restaurant sector and households already dealing with inflation, Kyodo News reported. More than 90 per cent of the birds being killed are egg-laying hens, and this according to the agriculture […]
