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Centre Makes Raw Cotton Import Duty-Free Till September 30 To Support Textile Sector
The Centre has temporarily scrapped the 11% duty on raw cotton imports until September 30, seeking to cool prices and ease cost pressures on the textile industry at a time when exporters face mounting tariff barriers abroad.
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"Make In India Need Not Become Make All That India Needs": RBI Ex-Governor
Sounding a note of caution, former RBI Governor D Subbarao on Monday said that 'Make in India' should not transform into 'Make all that India needs' as it would hurt investments in the country and impact productivity.
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Trump Raises Tariffs To 50%: What It Means For India
US President Donald Trump today announced an additional 25 per cent tariff on goods coming from India as penalty for what he called New Delhi's continued buying of Russian oil.
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PM Modi, UK's Starmer To Sign Landmark Free Trade Deal Soon: 10 Points
Prime Minister Narendra Modi is on his fourth visit to the UK since taking office in 2014 and will hold talks with his UK counterpart Keir Starmer. The two sides will sign the Free Trade Agreement shortly
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US Tariffs On China 'Rare Opportunity' For Indian Tools Industry: Niti Aayog
The US tariffs on China and rising costs offer a rare opportunity to India to redefine its role in the global tools export market, a Niti Aayog report has stated.
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Indian Exports Face Rising Costs Amid Houthi Attacks In Red Sea
The cost of Indian exports has more than doubled due to the Yemeni Houthi militia's attacks on ships in the Red Sea, industry officials said on Monday.
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Stellantis May Come to India to Make Affordable EVs for Europe
Fiat parent Stellantis has concluded it can't currently make affordable electric vehicles (EVs) in Europe and is looking at lower-cost manufacturing in markets such as India, its chief executive told reporters. If India, with its low-cost supplier base, is able to meet the company's quality and cost targets by the end of 2023, it could open the doo...
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India Wheat Export Ban Hits Chewy Chapati Eating Punjabis In Singapore
India's ban on wheat exports since May has hit Singapore eateries serving soft chewy chapati, mostly for Punjabis, as the cost has gone up by three times on imports of the similar in quality staple north Indian basic food material from other countrie
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Grocery Shock For India, Others As Indonesia Bans Cooking Oil Exports
Indonesia's shock move to ban exports of cooking oil will reverberate across the world, threatening to push up costs for the likes of Nestle SA and Unilever Plc and heightening concerns about food inflation.
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"Never Exported Vaccines At Cost Of People In India": Adar Poonawalla
Adar Poonawalla, the chief of Serum Institute of India that manufactures Covishield, on Tuesday said his firm has "never exported vaccines at the cost of the people of India".
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Tesla Assured of Lower Cost of Manufacturing Vehicles in India Than China
The government says that it is ready to offer incentives to ensure that the manufacturing cost of vehicles for Tesla in India would be lower than even China. Union Transport Minister Nitin Gadkari said: “Rather than assembling (the cars) in India they should make the entire product in the country by hiring local vendors. Then we can give higher c...
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Maruti Suzuki’s Q4 Profit Drops By 28.1 Per Cent; Annual Profit Down By 24.7 Per Cent
Maruti says that the slump in profit is due to lower sales volume, higher sales promotion expenses, partially offset by lower operating expenses, cost reduction efforts and reduction in corporate tax rate.
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India Wants To Locally Manufacture, Export Bullet Train Coaches
India has proposed to Japan that it is keen to manufacture and export bullet train coaches which could bring down the cost of operating the Shinkansen trains in the country, a senior official of the Indian Railways said today.
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Ford India Turns Profitable After Nine Years
Ford Motor's India business has finally posted a profit for the first time in a decade in the fiscal year 2018. The American carmaker's India business has posted a profit of Rs. 526 crore in FY18 against the loss of Rs. 521 crore in the previous year, the company has reported to the Ministry of Corporate Affairs. Ford India has taken cost reduction...
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Samsung Opens 'World's Largest Phone Factory' in Noida, PM Modi Inaugurates
The new Samsung mobile factory in Noida was inaugurated jointly by Prime Minister Narendra Modi and South Korean President Moon Jae-in.
-
Centre Makes Raw Cotton Import Duty-Free Till September 30 To Support Textile Sector
The Centre has temporarily scrapped the 11% duty on raw cotton imports until September 30, seeking to cool prices and ease cost pressures on the textile industry at a time when exporters face mounting tariff barriers abroad.
-
"Make In India Need Not Become Make All That India Needs": RBI Ex-Governor
Sounding a note of caution, former RBI Governor D Subbarao on Monday said that 'Make in India' should not transform into 'Make all that India needs' as it would hurt investments in the country and impact productivity.
-
Trump Raises Tariffs To 50%: What It Means For India
US President Donald Trump today announced an additional 25 per cent tariff on goods coming from India as penalty for what he called New Delhi's continued buying of Russian oil.
-
PM Modi, UK's Starmer To Sign Landmark Free Trade Deal Soon: 10 Points
Prime Minister Narendra Modi is on his fourth visit to the UK since taking office in 2014 and will hold talks with his UK counterpart Keir Starmer. The two sides will sign the Free Trade Agreement shortly
-
US Tariffs On China 'Rare Opportunity' For Indian Tools Industry: Niti Aayog
The US tariffs on China and rising costs offer a rare opportunity to India to redefine its role in the global tools export market, a Niti Aayog report has stated.
-
Indian Exports Face Rising Costs Amid Houthi Attacks In Red Sea
The cost of Indian exports has more than doubled due to the Yemeni Houthi militia's attacks on ships in the Red Sea, industry officials said on Monday.
-
Stellantis May Come to India to Make Affordable EVs for Europe
Fiat parent Stellantis has concluded it can't currently make affordable electric vehicles (EVs) in Europe and is looking at lower-cost manufacturing in markets such as India, its chief executive told reporters. If India, with its low-cost supplier base, is able to meet the company's quality and cost targets by the end of 2023, it could open the doo...
-
India Wheat Export Ban Hits Chewy Chapati Eating Punjabis In Singapore
India's ban on wheat exports since May has hit Singapore eateries serving soft chewy chapati, mostly for Punjabis, as the cost has gone up by three times on imports of the similar in quality staple north Indian basic food material from other countrie
-
Grocery Shock For India, Others As Indonesia Bans Cooking Oil Exports
Indonesia's shock move to ban exports of cooking oil will reverberate across the world, threatening to push up costs for the likes of Nestle SA and Unilever Plc and heightening concerns about food inflation.
-
"Never Exported Vaccines At Cost Of People In India": Adar Poonawalla
Adar Poonawalla, the chief of Serum Institute of India that manufactures Covishield, on Tuesday said his firm has "never exported vaccines at the cost of the people of India".
-
Tesla Assured of Lower Cost of Manufacturing Vehicles in India Than China
The government says that it is ready to offer incentives to ensure that the manufacturing cost of vehicles for Tesla in India would be lower than even China. Union Transport Minister Nitin Gadkari said: “Rather than assembling (the cars) in India they should make the entire product in the country by hiring local vendors. Then we can give higher c...
-
Maruti Suzuki’s Q4 Profit Drops By 28.1 Per Cent; Annual Profit Down By 24.7 Per Cent
Maruti says that the slump in profit is due to lower sales volume, higher sales promotion expenses, partially offset by lower operating expenses, cost reduction efforts and reduction in corporate tax rate.
-
India Wants To Locally Manufacture, Export Bullet Train Coaches
India has proposed to Japan that it is keen to manufacture and export bullet train coaches which could bring down the cost of operating the Shinkansen trains in the country, a senior official of the Indian Railways said today.
-
Ford India Turns Profitable After Nine Years
Ford Motor's India business has finally posted a profit for the first time in a decade in the fiscal year 2018. The American carmaker's India business has posted a profit of Rs. 526 crore in FY18 against the loss of Rs. 521 crore in the previous year, the company has reported to the Ministry of Corporate Affairs. Ford India has taken cost reduction...
-
Samsung Opens 'World's Largest Phone Factory' in Noida, PM Modi Inaugurates
The new Samsung mobile factory in Noida was inaugurated jointly by Prime Minister Narendra Modi and South Korean President Moon Jae-in.
