The output of India’s eight core sector industries increased by 12.1 per cent (provisional) on a yearly basis in August 2023. The production of all eight core industries — cement, coal, crude oil, electricity, fertilizers, natural gas, refinery products and steel — recorded positive growth in August over the corresponding month of last year, according […]
Adding a stride to ‘Make in India’ initiative, major electronic manufacture HP on Thursday announced a partnership with Google to manufacture its Chromebooks in India. The devices will be manufactured at the Flex Facility, which is located near Chennai, where HP has been producing a range of laptops and desktops since August 2020. The company […]
The Central Board of Indirect Taxes and Customs (CBIC) Chairman, Sanjay Agarwal, has announced that India is prepared to implement a 28 per cent Goods and Services Tax (GST) rate on online gaming starting from 1 October. This move comes with the consensus of all Indian states and follows the recent passage of amendments to […]
The mineral production sector in India witnessed a significant upswing in July 2023, with a remarkable 10.7 per cent increase compared to the same month in the previous year. These findings are based on the latest data released by the Indian Bureau of Mines (IBM), indicating a positive trajectory in the country’s mineral production, read […]
India has allowed the export of non-basmati white rice to the tune of 75,000 tonnes to the UAE. Notably, the export of non-basmati white rice was prohibited from 20 July to check the domestic prices and ensure domestic food security. The exports to UAE are permitted through National Cooperative Exports Limited, the Directorate General of […]
About 4.5 million televisions were shipped to India in the first half of 2023 with an increase of 8 per cent on a yearly basis. According to a report by International Data Corporation (IDC), frequent sales by e-tailers, multiple new launches, and clearing of old inventory before the festive season starts, fuelled the growth. IDC […]
Apple is reportedly planning a substantial expansion of its production operations in India, to increase its production value to approximately USD 40 billion over the next four to five years, as per undisclosed government sources cited by news agency PTI. These sources indicate that in the previous fiscal year, Apple achieved a production milestone by […]
Rising oil prices are a concern for the Indian economy but its outlook remains bright after better September monsoons and a retreat in the prices of some key food items, the government said in its monthly economic report on Friday. The comment comes as oil prices rose to 10-month highs earlier this week before easing, […]
Taiwanese electronics major Foxconn aims to double its workforce and investment in India by next year, a company representative based in India said on Sunday. “Under your leadership, Foxconn has grown smoothly and rapidly in India. We will work even harder to present you with a greater birthday gift next year, aiming for another doubling […]
India’s vegetable oil imports have increased by 33 per cent year-on-year (YoY) to reach 18.66 lakh tonne in August. This is attributed to lower duties and a revival of demand after a decline in domestic rates, as reported by the Solvent Extractors’ Association (SEA). India is the world’s leading vegetable oil buyer, and its imports […]
