India’s manufacturing sector growth gained momentum in August with the Purchasing Managers Index (PMI) posting 58.6 as compared to 57.7 in July. The indices vary between 0 and 100, with a reading above 50 indicating an overall increase compared to the previous month, and below 50 an overall decrease. According to S&P Global’s India Manufacturing […]
Centre has reportedly imposed a 20 per cent export duty on parboiled rice as the paddy production is under a cloud due to excess rains in Punjab and Haryana and deficient showers in east India. According to the report, the move was aimed at maintaining adequate local stock and keeping the check under domestic prices. […]
According to government data released on Tuesday, China’s trade numbers decreased in July, an indication that the country’s economic recovery was dragging despite efforts by leaders in Beijing to boost development, according to the New York Times. After the United States, China has the second-largest economy in the world, and its exports have now plummeted […]
The sculpture business that preserves age-old traditions has been booming in Bhutan as the demand for statues and sculpting products is on the rise, reported Bhutan Live. One such prosperous sculpture company is run by a 40-year-old resident of Punakha City in Bhutan. Despite the fact that his business is booming nowadays, he frequently struggles […]
Maruti Suzuki India plans to double its production capacity to four million (40 lakhs) units in nine years from now, said Chairman RC Bhargava, hinting at what could be said to be the start of ‘Maruti 3.0’. Addressing shareholders in the company’s annual report for 2022-23, Bhargava said the company will, as soon as possible, […]
The Indian manufacturing sector maintained strong growth momentum at the start of the third quarter (July-September 2023) amid ongoing buoyant demand. According to S&P Global’s India Manufacturing Purchasing Managers’ Index, it marginally fell from 57.8 in June to 57.7 in July. The indices vary between 0 and 100, with a reading above 50 indicating an […]
Indian Oil Corp reported a first-quarter profit on Friday, as the country’s top refiner benefited from higher fuel sales and marketing margins. The state-owned company’s net profit was Rs 13,750 crore for the quarter ended 30 June, compared with a loss of Rs 1,993 crore, a year earlier. IOC said its domestic product sales rose […]
Adani Group-owned company ACC’s net profits (profit after tax) more than doubled (rose 105 per cent) on a yearly basis during the April-June 2023 quarter at Rs 466 crore. In the same quarter last year, the net profits were Rs 227 crore. The company’s net revenue during the quarter rose 16 per cent to Rs […]
The technical textile segment in India has in recent years shown robust growth, both internationally and in the domestic market, and the market is likely to double in the next five years, said Rachna Shah, Secretary, Ministry of Textiles. “Within India, the market size is around USD 22 billion, and the goal of the government […]
According to a credit research company, Japan will see a price hike on 30,009 food and beverage products by October as the country’s currency Yen weakens as well as weaker Yen pushing up import prices, Kyodo News Agency reported. Adding that, the company also cited another reason to be a surge in electricity and labour […]
