Manufacturing

Cash flow would be adequate for Rs.90bn capital expenditure S&P Global Ratings has raised Tata Steel rating to 'BB-' on deleveraging and strong operating momentum, putting the outlook at stable as strong cash flow supports the management commitment to lower...

DRDo develops technology to protect naval ships The Industry is set to produce in large quantities a Defence Research and Development Organisation's (DRDO) recently developed Advanced Chaff Technology to safeguard the naval ships against enemy missile attack to the industry...

COVID-19 costs Indian economy Rs.20trn Indian businesses can expect a promising 2021 as household spending in India are expected to grow by 7.9% year-over-year, having seen a 12.6% decrease in consumer spending during the COVID-19 hit 2020, according to a...

Puri calls for adoption of modern technology The Production Linked Incentive Scheme for Food Processing Industry (PLISFPI) will facilitate expansion of processing capacity to generate processed food output of Rs.33,494 crore by 2026-27, according to Sudhir Sitapati, Co-Chairman, CII National...

Electric 4W trucks production from next year Hyderabad's Gayam Motor Works (GMW), a pioneer in the Indian electric mobility space and the largest exporter of electric 3Ws (or e-tuktuks) from India, has announced US$50 million investment commitment from Luxembourg-based GEM...

Indian service providers get access to around 115 sub-sector The India-Mauritius Comprehensive Economic Cooperation and Partnership Agreement (CECPA) came into force on 1 April 2021, covering exports of 310 Indian items and giving preferential market access to 615 products from...

Showrooms being planned across India The Swedish home elevator manufacturer, Cibes Lift Group is in talks to open more showrooms across India, having already opened offices in Gurugram, Mumbai as well as Bengaluru, and citing the country's rising household incomes...

Advantage India in promoting value-added products The Union Cabinet has approved the Central Sector Scheme, "Production Linked Incentive Scheme for Food Processing Industry (PLISFPI)", to support creation of global food manufacturing champions commensurate with India's natural resource endowment and support...

Indian health industry seen act $372bn in 2022 Tier-2 and tier-3 locations, beyond metropolitan cities, offer attractive investment opportunities for expansion of private hospitals, according to a NITI Aayog report which sees India's health care industry at US$372 billion in...

Valuable inputs has been received from the US VC ecosystem, says Satak Bangalore-incubated technology Giga Mesh, which gives fibre like bandwidth at fraction of cost of fibre to help telecom operators deliver reliable low-cost internet services to suburban and rural...