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India's Services Sector Activity Surges To 10-Month High In June: Report
The growth in India's services sector activity surged to a 10-month high in June, driven by robust demand in both the domestic and export markets, according to an HSBC survey released on Thursday. Service sector growth also improved recruitment.
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India's Factory Growth Hits 14-Month High On Exports Surge: Report
India's manufacturing activity accelerated to a 14-month high in June, driven by a substantial rise in international sales that boosted output and sparked record-breaking hiring, a business survey showed on Tuesday.
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India's Auto Sector At Risk As China's Rare Earth Magnet Curbs Tighten: ICRA
In order to deal with this risk, India is exploring various options such as importing fully assembled motors from China.
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Centre Scraps Windfall Profit Tax On Crude Oil, Petrol, Diesel Exports
The notification rescinded the June 2022 order and withdrew a levy of special additional excise duty (SAED) on the production of crude oil.
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India Lifts Export Tax On Parboiled Rice As Inventories Surge
India on Tuesday scrapped the export tax on parboiled rice, the government said in an official order, as inventories in the world's biggest exporter of the grain surged and the country is set to produce a bumper crop after copious monsoon rains.
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Zomato Receives Over Rs 11 Crore Tax Penalty Notice
Online food delivery platform Zomato has received a tax demand and penalty order of Rs 11.82 crore related to GST on export services provided to its subsidiaries located outside India from July 2017 to March 2021.
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Dutch Court Orders Netherlands To Stop Export Of F-35 Jet Parts To Israel
The Netherlands must stop delivering parts for F-35 fighter jets used by Israel in the Gaza Strip, after a Dutch court Monday upheld an appeal by human rights organisations.
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Chinese Tech Firms Baidu, TikTok-owner ByteDance, Tencent, Alibaba Order Nvidia AI Chips Worth $5 Billion: Report
China's internet giants are reportedly rushing to acquire high-performance Nvidia chips vital for building generative artificial intelligence systems, making orders worth $5 billion.
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Maruti Suzuki Planning New Plant to Cater to Market Demands, Aims to Introduce Six New EVs by 2030
Maruti Suzuki India (MSI) on Wednesday said it is looking to set up a manufacturing plant with a capacity of up to 10 lakh units per annum in order to cater to the expected increase in demand from domestic as well as export markets. The carmaker also announced that it will be getting a "big three-row strong hybrid model" from Toyota as part of thei...
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US Orders Nvidia, AMD to Stop Selling Top AI Chips to China
The US is restricting shipments of top AI chips by Nvidia and AMD to China. The move would affect Nvidia's A100 and H100 chips and prevent the shipment of AMD's MI250 chips to China.
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UAE To Suspend Exports Of Indian Wheat For 4 Months: Report
UAE's economy ministry has ordered the suspension of exports and re-exports of wheat and wheat flour originating from India for a period of four months, state news agency WAM said on Wednesday.
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India's First Export Order For BrahMos Missiles. Details Here
India got its first ever export order for BrahMos missiles today when the Philippines' Defence Ministry signed a USD 374 million contract with the BrahMos Aerospace Pvt Ltd (BAPL) to supply undisclosed number of missiles, military officials stated.
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India's Sugar Export To Afghanistan Almost Comes To Halt After Taliban Takeover
India's sugar export to Afghanistan has almost come to a halt with Indian merchants reporting cancellation of orders in the wake of the current situation there, a senior government official said on Wednesday.
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North Korea Wants Sanction Eased For Talks With US: South Korea Lawmakers
North Korea wants international sanctions banning its metal exports and imports of refined fuel and other necessities lifted in order to restart denuclearisation talks with the United States, South Korean lawmakers said on Tuesday.
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Export Market At Delhi's Sarojini Nagar Shut For Violating Covid Norms
The export market in Delhi's Sarojini Nagar has been shut until further orders for "grossly" violating COVID-19 norms, a state government order said on Saturday.
-
India's Services Sector Activity Surges To 10-Month High In June: Report
The growth in India's services sector activity surged to a 10-month high in June, driven by robust demand in both the domestic and export markets, according to an HSBC survey released on Thursday. Service sector growth also improved recruitment.
-
India's Factory Growth Hits 14-Month High On Exports Surge: Report
India's manufacturing activity accelerated to a 14-month high in June, driven by a substantial rise in international sales that boosted output and sparked record-breaking hiring, a business survey showed on Tuesday.
-
India's Auto Sector At Risk As China's Rare Earth Magnet Curbs Tighten: ICRA
In order to deal with this risk, India is exploring various options such as importing fully assembled motors from China.
-
Centre Scraps Windfall Profit Tax On Crude Oil, Petrol, Diesel Exports
The notification rescinded the June 2022 order and withdrew a levy of special additional excise duty (SAED) on the production of crude oil.
-
India Lifts Export Tax On Parboiled Rice As Inventories Surge
India on Tuesday scrapped the export tax on parboiled rice, the government said in an official order, as inventories in the world's biggest exporter of the grain surged and the country is set to produce a bumper crop after copious monsoon rains.
-
Zomato Receives Over Rs 11 Crore Tax Penalty Notice
Online food delivery platform Zomato has received a tax demand and penalty order of Rs 11.82 crore related to GST on export services provided to its subsidiaries located outside India from July 2017 to March 2021.
-
Dutch Court Orders Netherlands To Stop Export Of F-35 Jet Parts To Israel
The Netherlands must stop delivering parts for F-35 fighter jets used by Israel in the Gaza Strip, after a Dutch court Monday upheld an appeal by human rights organisations.
-
Chinese Tech Firms Baidu, TikTok-owner ByteDance, Tencent, Alibaba Order Nvidia AI Chips Worth $5 Billion: Report
China's internet giants are reportedly rushing to acquire high-performance Nvidia chips vital for building generative artificial intelligence systems, making orders worth $5 billion.
-
Maruti Suzuki Planning New Plant to Cater to Market Demands, Aims to Introduce Six New EVs by 2030
Maruti Suzuki India (MSI) on Wednesday said it is looking to set up a manufacturing plant with a capacity of up to 10 lakh units per annum in order to cater to the expected increase in demand from domestic as well as export markets. The carmaker also announced that it will be getting a "big three-row strong hybrid model" from Toyota as part of thei...
-
US Orders Nvidia, AMD to Stop Selling Top AI Chips to China
The US is restricting shipments of top AI chips by Nvidia and AMD to China. The move would affect Nvidia's A100 and H100 chips and prevent the shipment of AMD's MI250 chips to China.
-
UAE To Suspend Exports Of Indian Wheat For 4 Months: Report
UAE's economy ministry has ordered the suspension of exports and re-exports of wheat and wheat flour originating from India for a period of four months, state news agency WAM said on Wednesday.
-
India's First Export Order For BrahMos Missiles. Details Here
India got its first ever export order for BrahMos missiles today when the Philippines' Defence Ministry signed a USD 374 million contract with the BrahMos Aerospace Pvt Ltd (BAPL) to supply undisclosed number of missiles, military officials stated.
-
India's Sugar Export To Afghanistan Almost Comes To Halt After Taliban Takeover
India's sugar export to Afghanistan has almost come to a halt with Indian merchants reporting cancellation of orders in the wake of the current situation there, a senior government official said on Wednesday.
-
North Korea Wants Sanction Eased For Talks With US: South Korea Lawmakers
North Korea wants international sanctions banning its metal exports and imports of refined fuel and other necessities lifted in order to restart denuclearisation talks with the United States, South Korean lawmakers said on Tuesday.
-
Export Market At Delhi's Sarojini Nagar Shut For Violating Covid Norms
The export market in Delhi's Sarojini Nagar has been shut until further orders for "grossly" violating COVID-19 norms, a state government order said on Saturday.
