Clipped from: https://economictimes.indiatimes.com/prime/technology-and-startups/infy-tech-mahindra-et-al-have-dipped-their-toes-in-metaverse-waters-can-they-cash-in-on-the-mania/primearticleshow/92989378.cms SynopsisInfosys, Tech Mahindra have carved out special centres to cash in on the metaverse mania which promises to offer around 12% higher gross
Category: Industry
‘Steel export duty, a big blow’ – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/companies/steel-export-duty-a-big-blow/article65658231.ece Indian mills are losing valued clients to competing countries, says ArcelorMittal Nippon Steel India The imposition of export duty on Indian steel companies
*****Indian handset makers get Rs 20,000 cr tax bill: Industry players call it retrospective tax | The Financial Express
Clipped from: https://www.financialexpress.com/industry/indian-handset-makers-get-rs-20000-cr-tax-bill-industry-players-call-it-retrospective-tax/2598234/ Industry players said the tax has been levied from 2017 onwards and termed it a retrospective tax. Along with the assembly panels come
*India’s rising medical devices imports hurt small and medium units | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/india-s-rising-medical-devices-imports-hurt-small-and-medium-units-122071801395_1.html China accounts for about one-fifth of FY22 numbers; 41% surge overall The reason Chinese imports rose is that several traders realised that it
*War effect: India’s pharma exports to Russia down 24% in April–May period – The Hindu BusinessLine
lipped from: https://www.thehindubusinessline.com/news/war-effect-indias-pharma-exports-to-russia-down-24-in-aprilmay-period/article65653833.ece Russia is the fourth largest pharma export market for India Indian pharma exports to Russia have dropped 24 per cent due to the
*****Chip issue may continue into next year: Siemens MD Sunil Mathur – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/cons-products/electronics/chip-issue-may-continue-into-next-year-siemens-md-sunil-mathur/articleshow/92941404.cms Synopsis “The availability of semiconductors is a global challenge, and in my assessment this will continue well into next year. We are not
*IT stocks outlook: IT stocks to stay under pressure in the near term: Morgan Stanley – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/stocks/news/it-stocks-to-stay-under-pressure-in-the-near-term-morgan-stanley/articleshow/92912122.cms Synopsis The IT index on the BSE ended down 0.2% at 27,122.90 after hitting a 52-week low during the session. These shares have
*Demand recovery a rosy picture for paint companies in Apr-Jun quarter | Business Standard News
Clipped from: https://www.business-standard.com/article/markets/demand-recovery-a-rosy-picture-for-paint-companies-in-apr-jun-quarter-122071501046_1.html?utm_source=Spotlight&utm_medium=website&utm_campaign=Premium_11072018 Listed paint companies could report over 30 per cent revenue growth year-on-year (YoY), aided by double-digit volume growth in decorative paints and cumulative
*****Steel prices crash 13-15 per cent in July – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/steel-prices-crash-13-15-per-cent-in-july/article65644258.ece Seasonal dip in demand, recessionary pressures across the globe and an impending slowdown in China seen as reasons Global steel prices, including export
*It Stocks today: IT stocks slide after TCS Q1 miss; some feel any further fall could trigger buying – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/stocks/news/it-stocks-slide-after-tcs-q1-miss-some-feel-any-further-fall-could-trigger-buying/articleshow/92814660.cms Synopsis The weaker-than-expected TCS earnings added to existing concerns over a potential US recession that is feared to hurt deal pipeline for IT
*‘Poultry industry faces severe shortage of talent’ – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/agri-business/poultry-industry-faces-severe-shortage-of-talent/article65629703.ece Annually around 5 lakh professionals can enter the industry, says Suguna Holdings CHRO S Harish India’s poultry sector is growing at 8-10 per
*Tractor exports hit historic high in June; production and sales too soar – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/agri-business/tractor-exports-hit-historic-high-in-june-production-and-sales-too-soar/article65627137.ece For the 13th month in a row, tractor exports stay above 10,000 levels; Q1 exports grew 32% June proved to be a strong month
Housing sales fall 15 pc in Apr-Jun in top 7 cities from previous quarter on rise in property, mortgage rates | The Financial Express
Clipped from: https://www.financialexpress.com/money/housing-sales-fall-15-pc-in-apr-jun-in-top-7-cities-from-previous-quarter-on-rise-in-property-mortgage-rates/2578043/ On Wednesday, housing brokerage firm PropTiger released its data, which showed that sales jumped over 4.5 times year-on-year in April-June across eight cities
textile industry: Garment exporters face potential loss of Rs 1,200 crore – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/cons-products/garments-/-textiles/garment-exporters-face-potential-loss-of-rs-1200-crore/articleshow/92343936.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23 Synopsis The textile industry employs around 45 million workers and is expected to be worth more than $209 billion by 2029. But if
*India considers curbing fridge imports to boost local industry: Report | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/india-considers-curbing-fridge-imports-to-boost-local-industry-report-122060900499_1.html Sources say the government is considering mandating that importers seek a licence from the authorities, replacing the existing free-import regime Representative Image India
*How to make India a leader in solar module manufacturing – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/how-to-make-india-a-leader-in-solar-module-manufacturing/article65510177.ece Augmenting domestic research, commercialising evolving technologies, unlocking export markets and making available the required capital are vital The recent power crisis once again
*Tyre exports rise 50% to over ₹21,000 crore in FY22 – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/tyre-exports-roll-up-50-per-cent-to-top-rs-21000-crore-in-fy22/article65510194.ece Tyre exports have jumped 70 per cent in the last two years since the pandemic hit Recording one of the highest growths across
*Domestic tractor sales declined 8% in May on a sequential basis; exports remain robust – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/agri-business/domestic-tractor-sales-decline-in-may-on-a-sequential-basis-exports-remain-robust/article65511016.ece USA, Europe and Asia are likely to remain the focal regions for long-term tractor exports Domestic tractor sales reported an 8 per cent decline in
*****How to make India a leader in solar module manufacturing – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/how-to-make-india-a-leader-in-solar-module-manufacturing/article65510177.ece Augmenting domestic research, commercialising evolving technologies, unlocking export markets and making available the required capital are vital The recent power crisis once again
*****India’s plan to recycle old cars is failing to woo vehicle owners – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/renewables/indias-plan-to-recycle-old-cars-failing-to-woo-vehicle-owners/articleshow/92095693.cms Synopsis The government last year mandated that personal vehicles more than 20 years old and commercial vehicles more than 15 years old will
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