NEW DELHI: As Indian auto industry faces a magnet supply crunch, following restrictions placed by China, a group of companies, including some homegrown advanced material entities, have come forward to build in-house supply chains.The companies have made presentations to govt, including the heavy industries ministry, and assured building of supplies within India to reduce dependence…
The two-wheeler industry in India is set to undergo a massive selling surge, surpassing pre-Covid-19 levels, driven by RBI’s rate cut, strong domestic demand and significant recovery in exports. According to a report by CareEdge Ratings, the sector is expected to register a healthy volume growth of 8–9% in FY26. This follows three years of…
India’s automobile sector has welcomed the Reserve Bank of India’s latest rate-cut move, calling it a timely intervention that could improve financing access, strengthen consumer sentiment, and support overall retail growth.On Friday, the RBI reduced the repo rate by 50 basis points to 5.5% and cut the Cash Reserve Ratio (CRR) by 100 basis points…
BRESCIA: Commerce and industry minister Piyush Goyal on Thursday suggested an exclusive Italian enclave, complete with schools and hospitals, in one of the industrial towns as he sought to woo investors to set up businesses in the country.Goyal said the industrial town in Chhatrapati Sambhajinagar, where Maharashtra govt is eyeing an expansion over 5,000 acre,…
NEW DELHI: Industry associations Solvent Extractors’ Association (SEA) and Indian Vegetable Oil Producers’ Association (IVPA) have welcomed the government’s decision to reduce the basic customs duty on crude edible oils to 10 per cent, calling it a timely intervention that supports domestic refiners and discourages imports of finished products.Announced on Friday, the policy reduces the…
NEW DELHI: From combing regulations at the Centre and in the states to make it easier for companies to invest, tailoring packages, and making investment pitches to global corporations, govt is seeking to ensure that foreign direct investment (FDI) flows into the country remain strong.India saw FDI inflows increase by 13.6% to $81 billion, and…
The jute industry is pinning its hopes on the upcoming Expert Committee on Jute (ECJ) meeting, scheduled for June 3 in Kolkata, as it grapples with high raw jute prices, delayed crop arrivals, and tight supply conditions.The ECJ, under the Ministry of Textiles, will review the raw jute and mesta supply-demand situation for 2024–25 and…
NEW DELHI: India’s pharmaceutical industry continues its rapid ascent on the global stage, driven by affordability, innovation, and inclusivity. Thesector recorded a 7.8 per cent year-on-year growth in April 2025, according to India Ratings, part of the Fitch Group, as quoted by Press Information Bureau (PIB) on Sunday.This growth reflects continued strong domestic demand and…
NEW DELHI: India’s chemical industry is well-positioned to capitalise on ongoing disruptions in European chemical operations, according to a recent analysis by B&K Securities, as reported by news agency ANI. The report highlights that high operational costs across the EU27 have eroded production efficiency, opening a window for Indian chemical manufacturers to expand their presence…
The call from a supervisor came to the steel shop floor in Sheffield, England, on Thursday afternoon: The tariffs were off. “Everything had changed for us,” said Richard Bott, as he stood near stacks of steel slabs still radiating waves of heat from the mill. In a trade deal with Britain announced with much fanfare…