Adani, Azure top bidders for manufacturing-linked solar tender
Adani has bid for 1.5 GW solar cell manufacturing capacity and 6 GW generation capacity and Azure Power bid for 500 MW solar cell manufacturing capacity and 2 GW generation capacity.
Wholesale price inflation rises to 2.59% in December
A sharp rise in food articles inflation drove India’s wholesale inflation to 2.59 per ce...
India proposes incentives to woo Apple, Samsung suppliers
India is mulling a plan to offer interest subsidy on local borrowing by mobile hand...
Snapdeal to add another 5000 manufacturer-sellers to its platform in 2020
The ability to sell directly also means that producers get prompt feedback from the users, allowing them to make appropriate decisions regarding future demand and trends.
India's lack of electronics manufacturing ecosystem is hurting Isro's space plans
The absence of a robust homegrown electronics ecosystem is hurting its ambitious targets.
US manufacturing slows sharply in December: ISM
Despite the disappointing result, there are indications an improved trade outlook -- after a deal with China, and another with Canada and Mexico -- could boost the sector, which has softened for nine months, according to the Institute for Supply Management's monthly survey.
Auto sales at 20-year nadir in 2019: SIAM
In passenger vehicles, an easing in the pace of decline in December, though on a low base, and an improvement in the rolling average in the last three months of the year led the industry to suggest that the worst may be over.
Samsung signs agreement with Dixon to manufacture TV sets in India
ET had reported last year November about Samsung and Dixon entering into an agreement for local production of television sets in the country. This was after the government scrapped 5% import duty on open cell TV panels last September.
Government mulls tax break for Indian pharma companies
The government had introduced a weighted tax deduction of 200% on expenditure on R&D in the 2010 budget, in order to boost innovation in the country. However, the government slashed the benefit to 150% from 2017 onwards and 100% from 2020.
J K Tyre & Industries aims to reduce debt by over 50% in three years, banks on exports and replacement mkt to de-risk biz
Already sitting on a debt of Rs 5000 crore, the company has decided to defer Rs 675 crore investment by a year in Cavendish Industries (a firm it acquired in 2016 from B K Birla Group) to ensure lean operations. With series of cost cutting initiatives and expected improvement in capacity utilisation, the company’s CFO Sanjeev Aggarwal said J K Tyre is planning to pare its debt to more than half in the coming three years.
MAN Industries bags export orders worth Rs 400 crore
shares of the company were trading at Rs 47.70, up 0.74 per cent on BSE.
I-T searches at Dishman Carbogen Amcis offices, manufacturing units
"The officials of Income-Tax Department conducted a search at the Company''s Offices and Manufacturing sites. Company has extended full co-operation to the officials during the search and provided all the information sought," the company said in a regulatory filing.
Go for power utilities, steer clear of manufacturers: Nischal Maheshwari, Centrum Broking
March 31 deadline for BPCL divestment was a very aggressive timeline.
Pakistan rolls out first batch of dual-seat fighter jets manufactured in collaboration with China
To mark the occasion, a grand ceremony was held at the Aircraft Manufacturing Factory in Kamra near Islamabad on Friday, the Pakistan Air Force (PAF) said in a statement.
Budget may rejig duties to boost local manufacturing
Commerce & Revenue depts are in discussions on the matter and will take a final call closer to the budget, which is likely to be presented on Feb 1.
Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service