Modi's Make in India dream takes a hit as manufacturing sales fall
Uploading Date : 27-02-2017Despite the government’s efforts to attract investment under its Make-in-India campaign, sales of manufactured goods fell 3.7% during 2015-16–the first decline in seven years–sparking fears of layoffs and debt default in the months to come..............
See full article
Will establish an ecosystem of partners in India: Apple to government
Uploading Date : 25-02-2017Apple has told the government that it plans to make most of its products in India and that it will establish an ecosystem of partners, which may include contract manufacturers and suppliers.............
See full article
Ahead of GST, Spear Logistics to Invest Rs 30 crore
Uploading Date : 25-02-2017France's FM Logisticsowned Spear Logistics plans to spend 30 crore in the next 6-8 months in ramping up specialised custom-built warehouses in anticipation of a surge in seamless inter-state movement of goods once the GST regime rolls out..............
See full article
Good time to exit telecom stocks, say analysts
Uploading Date : 23-02-2017Developments related to Reliance Jio’s freebies and the new tariffs effective April 01 2017, possibility of Vodafone – Idea Cellular merger, and Bharti Airtel’s acquisition of Telenor India – the telecom sector has been buzzing with activity since the last few months............
See full article
Setback for GST: Need for e-permit to be flashed at inter-state borders
Uploading Date : 23-02-2017The revolution the proposed goods and services tax (GST) promised might not be all that rosy because it would be hobbled by the need for an e-permit to be flashed at inter-state borders as the states insisted the old analogue practises continue............
See full article
EESL to export LEDs to Nepal, Bhutan, Sri Lanka and Bangladesh
Uploading Date : 22-02-2017Energy Efficiency Services Ltd (EESL) has received cumulative orders from Sri Lanka, Bangladesh, Bhutan and Nepal for about 25 million LED lamps. It is also in talks with leading banks in India for replacing air-conditioning at their ATMs...........
See full article
Markets extend gains, Nifty hits 8,950; RIL rallies 8%
Uploading Date : 22-02-2017Benchmark indices extended gains with Nifty50 reclaiming 8,950 level amid lack of domestic cues as it readies for expiry of futures and options for the February series...............
See full article
Renault-Nissan, Ford emerge as India's 3rd- and 5th-largest car manufacturers
Uploading Date : 21-02-2017Exports hold the key to Renault-Nissan Alliance having become the country’s third-biggest carmaker and Ford India its fifth-ranked one, testimony to the Centre’s ‘Make in India’ initiative. Both companies have less than 5% share each of the domestic market and are making the most of their manufacturing presence in the country by shipping vehicles overseas, mainly to Europe, Africa and the Middle East..............
See full article