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Manufacturing sector expands for second straight month in February

Manufacturing sector expands for second straight month in February

The Nikkei Markit India Manufacturing Purchasing Managers' Index (PMI) -- an indicator of manufacturing activity -- increased to 50.7 in February, up from 50.4 in January, as output and orderbooks rose at accelerated rates.

Govt examining Apple's request for extra concessions: Nirmala Sitharaman

Govt examining Apple's request for extra concessions: Nirmala Sitharaman

The government is examining extra concessions being demanded by the US-based iphone maker Apple for setting up a manufacturing unit in India.

US manufacturing growth picks up in December: ISM

US manufacturing posted the fourth straight month of faster expansion in December as new orders and output jumped, pointing to a growing economy, the Institute for Supply Management said today.

Govt not in favour of concessions to Apple for setting up manufacturing unit in India: Sources

Govt not in favour of concessions to Apple for setting up manufacturing unit in India: Sources

In what could be a major blow to Apple Inc in its plan to set up a manufacturing unit in India, the Commerce Ministry is reportedly not in favour of concessions to the US tech giant for the same.

India's manufacturing growth dips in December after demonetisation exercise

India's manufacturing growth dips in December after demonetisation exercise

The aftershock of thye 8 November demonetisation took a knock at manufacturing sector in December, which contracted as new work orders and output took a beating for the first time in 2016.

November WPI declines to 3.15% as food prices soften

November WPI declines to 3.15% as food prices soften

The annual rate of inflation, based on monthly WPI, stood at 3.15 percent (provisional) for the month of November, 2016 (over November, 2015) as compared to 3.39 percent (provisional) for the previous month and -2.04 percent during the corresponding month of the previous year. 

Expand manufacturing, services to boost job creation: Nirmala Sitharaman

Expand manufacturing, services to boost job creation: Nirmala Sitharaman

India has adopted a two-pronged strategy to boost employment generation in the country, the government said on Friday.

India's industrial production grows at 0.7% in September

India's industrial production grows at 0.7% in September

India's industrial production grew by a meagre 0.7 percent in September after contracting for two consecutive months in July and August.

New comprehensive policy for capital goods sector soon

New comprehensive policy for capital goods sector soon

Government will soon come out with a comprehensive capital goods policy to create an ecosystem for a globally competitive sector leveraging concepts such as smart manufacturing, automation and IoT.

Land, labour reforms key for manufacturing boost: Pawan Munjal

Land, labour reforms key for manufacturing boost: Pawan Munjal

Confident that the next 25 years will belong to India, Hero MotoCorp Chairman Pawan Munjal Thursday said land and labour reforms are "very important" to boost the country's manufacturing sector.

US manufacturing grew in July, but at slower pace: ISM

US manufacturing grew in July, but at slower pace: ISM

The US manufacturing sector grew again in July, marking five straight months of expansion, but at a slower pace than expected, a private survey showed Monday.

WPI inflation in June inches up to 1.62% Vs 0.79% in May

WPI inflation in June inches up to 1.62% Vs 0.79% in May

The wholesale price index (WPI) rose in June by 1.62 percent, up from 0.79 percent in May.

Bengal to focus on automobile, engineering, manufacturing, says Mamata

The West Bengal government will focus on restore the state's primacy in automobile, engineering and manufacturing sectors, Chief Minister Mamata Banerjee said on Tuesday.

Manufacturing sector likely to slow down in April-June quarter: FICCI

Manufacturing sector likely to slow down in April-June quarter: FICCI

Growth of India's manufacturing sector may decelerate during June quarter due to factors like bleak export outlook, poor demand and high cost of borrowing, a FICCI survey has said.

Invest and make in India: Jaitley to Australian businesses

Invest and make in India: Jaitley to Australian businesses

Inviting Australian businesses to "invest and make in India", Finance Minister Arun Jaitley on Wednesday said sectors like railways, defence and manufacturing now offer huge scope for foreign investments with liberalised FDI norms.

 

India attracts over Rs 1.28 lakh crore in electronic manufacturing: Prasad

India attracts over Rs 1.28 lakh crore in electronic manufacturing: Prasad

Total investments in electronics manufacturing sector in India, one of the world's largest consumer electronics market, has crossed Rs 1.28 lakh crore, Communications and IT Minister Ravi Shankar Prasad said Tuesday.

India's manufacturing activity portends low growth in March: SBI

India's manufacturing activity portends low growth in March: SBI

The yearly SBI Composite Index for March has declined below 50 and is at 49.5, compared with last month index of 51.3. However, the monthly Index jumped to 54.5 in March 2016, from 49.1 in February 2016.

Only 11% investments announced in manufacturing sector recorded: Study

Investments worth only Rs 1.6 lakh crore have been recorded out of the total Rs 15 lakh crore announced in the manufacturing sector until September 2015, according to an Assocham study.

Govt moots lower corporate tax at 25% for new manufacturing units

The government Monday lowered the corporate tax for new manufacturing units at 25 percent with a view to promote industrial activity and generate jobs.

Competitive tax rates needed to make India manufacturing hub: Arun Jaitley

Competitive tax rates needed to make India manufacturing hub: Arun Jaitley

India needs competitive tax rates to become an attractive manufacturing hub that will help create jobs and boost economic growth, Finance Minister Arun Jaitley said Wednesday.