As the government prioritises the infrastructure investments, component localisation in the mining and construction equipment (MCE) industry could offer Rs 25,000 crore annual opportunity to construction equipment vendors by FY30, a report showed on Tuesday. ...
Homegrown Optiemus Electronics on Tuesday announced its foray into telecom equipment manufacturing with Tata Group’s Tejas Networks as a manufacturing partner, at a time when the government has doubled down on indigenous designing and manufacturing of telecom equipment. ...
Despite global macro-economic conditions, India continues to remain a bright spot and is expected to be the fastest-growing major economy this year, a report showed on Tuesday. ...
Driven by the rapid adoption of 5G, the Indian tablet market experienced a robust 23 per cent quarter-on-quarter (QoQ) growth in the April-June period, a report showed on Tuesday. ...
The gross foreign direct investment (FDI) flowing into the Indian economy has surged by 26.4 per cent to $22.5 billion during the April-June quarter of the current financial year compared to the same quarter of the previous year, according to the RBI’s latest monthly bulletin. ...
In a big boost to the ‘Make in India’ initiative, especially the production-linked incentive (PLI) scheme, Taiwanese contract manufacturing giant Foxconn’s business in India has surged to 10 billion dollars till last fiscal. ...
Led by emerging businesses, including solar and wind manufacturing as well as airports and roads, the Adani Portfolio’s net profit soared 50.1 per cent to Rs 10,279 crore (year-on-year) in the first quarter of this fiscal, while EBITDA reached Rs 22,570 crore -- up 32.9 per cent YoY -- the company ...
India saw an uptick in outbound shipments from several sectors in July, led by electronic goods, meat, dairy and poultry products and oil meals, a report said on Monday. ...
The Atal Innovation Mission and Australia’s CSIRO are inviting applications from start-ups and MSMEs for the India Australia Rapid Innovation and Start-up Expansion (RISE) accelerator -- a programme designed to support businesses looking to expand between the two countries, the NITI Aayog said on Monday. ...
The overall headline numbers of India’s economy are strong, reflecting a large amount of public investment which has been a critical factor driving growth, according to IMF Deputy Managing Director Gita Gopinath. ...
