Manufacturing

JLR’s 2020 volume set to decline Improvement expected in Tata Motors' credit profile will be impacted by COVID-19, expected to hurt global automotive market, said S&P Global Ratings in its assessment on 2 Apr 2020. “Our previous 'B+' rating was...

Country-wide expansion of e-NAM New features have been added to National Agriculture Market (e-NAM) Platform which will be soon expanded to 415 mandis (markets), reaching out to 1,000 e-NAM mandis across the country. The features: Warehouse based trading module in...

PSUs will be worst hurt by weak demand India’s power demand has declined on average 30% year-on-year (yoy) and 25% week-on-week basis on 28 March following the 3-week 25 March lockdown. “Demand from the industrial and commercial sectors are already...

Sequential pickup in H2 Nomura is lowering is 2020 GDP growth forecast in India to -0.5% y-o-y from 4.5%, citing various impacts of coronavirus crisis including further financial stress in the banking sector. “We now expect GDP growth to slide...

Internet-smartphone users drive growth The Indian Online Grocery Market is projected at US$3.6 billion by 2024 from around $569 million in 2018, says a report from ResearchAndMarkets. The growth is driven by rising number of internet and smartphone users, said...

Investment: $156.08bn needed for 300MTPA India’s metal industry is set to witness a 6% Y-o-Y Demand Growth in FY 2020, and an investment of US$156.08 billion is needed to have a 300 million tonne per annum capacity by 2030. Capacity...

Extend 2015-2020 Foreign Trade Policy The Federation of Indian Export Organizations (FIEO) has raised points with the Commerce and Industry Minister Piyush Goyal on 27 Mar 2020 through videoconference. These were: Home Ministry: 1.     All manufacturing companies in exports should...

Sharp downturn in manufacturing Depending on the duration of the lockdowns that have been imposed, ICRA expects Indian GDP growth to range from 4.7% to 5.2% in FY2021 (4.7%E for FY2020). Projecting this on 25 Mar 2020, ICRA said it...

Threat of over dependence on China, warns Sridhar India needs to be a World leader for not just Generic formulations but APIs (active pharmaceutical ingredients) too, according to S Sridhar, Chair, FICCI Pharmaceuticals Committee and MD, Pfizer. India's pharmaceutical import...

Increasing taste for flavoured cashews The India processed cashew market is projected to register a CAGR of 9.33% during the forecast period (2020-2025), according to a ResearchAndMarkets report. The cashew kernel market has witnessed a rapid shift in the consumption...