Clipped from: https://www.business-standard.com/article/economy-policy/pharma-exports-touch-rs-1-83-trillion-in-2021-22-commerce-ministry-122050100288_1.html The exports in 2021-22 sustained a positive growth despite the global trade disruptions and drop in demand for COVID related medicines Pharma exports
Category: Industry
*Vehicle scrappage policy in the pit lane: Where are the scrap yards? | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/vehicle-scrappage-policy-in-the-pit-lane-where-are-the-scrap-yards-122050100906_1.html Analysis shows that four states/Union Territories account for 57 per cent of the older vehicles in the country According to government records, there
*Edelweiss ARC plans to deploy Rs 1,200 crore to acquire bad loans | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/edelweiss-arc-plans-to-deploy-rs-1-200-crore-to-acquire-bad-loans-122050101070_1.html With improving business environment, it has pegged recoveries to between Rs 5,000 crore and Rs 6,000 crore in FY23. Its assets under management
Holcim’s sale of Ambuja Cement, ACC to be biggest exit of an MNC from India | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/holcim-s-sale-of-ambuja-cement-acc-to-be-biggest-exit-of-an-mnc-from-india-122050101047_1.html Ambuja Cement ended Friday with a market capitalisation of Rs 73,836 crore while ACC closed the day with Rs 43,819 crore. The much-talked-about
*E-scooter sales slow down as global chip shortage woes continue | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/e-scooter-sales-slow-down-as-global-chip-shortage-woes-continue-122050100999_1.html The largest drop has been in Hero Electric, one of the largest players in the market The electric scooter juggernaut which has been
*Auto industry fails to pick up pace as chip shortage hurts production | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/auto-industry-fails-to-pick-up-pace-as-chip-shortage-hurts-production-122050100792_1.html Fresh chip scarcity may result in 4th straight year contraction in volumes Photo: Bloomberg Automakers struggled to lift sales in the first month of
*Why wind developers are surrendering capacities won in auctions – The Hindu BusinessLine
clipped from: https://www.thehindubusinessline.com/companies/why-wind-developers-are-surrendering-capacities-won-in-auctions/article65370151.ece Out of 12,740 MW of projects that have been awarded, only 3,126 MW has been commissioned. | Photo Credit: JOSE MANUEL RIBEIRO Ultra-low
**Core sector picks up sequentially; registers double digit growth in March | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/core-sector-picks-up-sequentially-registers-double-digit-growth-in-march-122042901122_1.html A coal shortage could aggravate power cuts in many states, leading to economic growth losing momentum. Growth in eight infrastructure sectors saw robust
***GoM likely to discuss imposing flat 28% GST on online gaming | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/gom-likely-to-discuss-imposing-flat-28-gst-on-online-gaming-122042901532_1.html Set to meet on Monday to iron out issues, including tax ambiguities An empowered group of ministers (GoM) — set up to look
**RBI new ban likely to push up approval cost for property developers | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/rbi-new-ban-likely-to-push-up-approval-cost-for-property-developers-122042901490_1.html The issue could be more worrisome for developers in Mumbai because premium payment and TDR appertain more to the city, experts said. Photo:
India Inc plans greater capex push in FY23, says CEO survey by BS | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/india-inc-plans-greater-capex-push-in-fy23-says-ceo-survey-by-bs-122042601459_1.html More than half the CEOs surveyed say they plan to increase investment by over 25% Companies in India are planning to accelerate investment
Poultry industry to Centre: Allocate 2 mt of damaged grains to be used as feed – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/agri-business/poultry-industry-urges-centre-to-allot-2-mt-of-damaged-grains-to-be-used-as-poultry-feed/article65353094.ece NECC says industry passing through one of the worst crises in history National Egg Coordination Committee (NECC) has stated that thousands of small
Auto majors sitting on 7.5-lakh pending orders – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/todays-paper/auto-majors-sitting-on-75-lakh-pending-orders/article65352121.ece Customers are booking multiple brands and may go for one that is likely to be delivered first, say dealers C_V_SUBRAHMANYAM | Photo Credit:
*Can mobile phone exports be sustained? – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/boosting-mobile-phone-exports-have-we-ticked-the-right-boxes/article65332974.ece The PLI scheme does not incentivise global brands to bring their supply chain to the country | Photo Credit: ANUSHREE FADNAVIS The PLI
*Power sector’s ‘shocking’ trinity to create a scorching summer this year | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/power-sector-s-shocking-trinity-to-create-a-scorching-summer-this-year-122041700787_1.html A new crisis is emerging owing to shortages in domestic coal supplies and railway rakes, coupled with rising electricity demand On April 16,
*Govt plans regulator for skill gaming industry to curb money laundering | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/govt-plans-regulator-for-skill-gaming-industry-to-curb-money-laundering-122041800019_1.html The government is also reviewing the extant legal framework for the online skill gaming industry Different states have different approaches to regulating this
*Domestic airline industry may face a rejig – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/todays-paper/tp-logistics/domestic-airline-industry-may-face-a-rejig/article65330363.ece Indian fleet Fare, capacity and talent wars are inevitable. A rebalancing that will reveal clear winners and losers is in the offing G_P_Sampath
*Coping with fiscal effect of energy transition – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/todays-paper/tp-opinion/coping-with-fiscal-effect-of-energy-transition/article65330384.ece Renewables: Fiscal pressures /iStockphoto urfinguss | Photo Credit: urfinguss Centre and States’ revenues from fossil fuels amount to 3.2 per cent of GDP.
*‘Investment cycle has started to turn’ – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/todays-paper/tp-opinion/investment-cycle-has-started-to-turn/article65330396.ece But industrialist and author Naushad Forbes says for revival, consumption cycle has to start firing Why does India promise so much and deliver
Monsoon forecast cheers sugar industry – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/todays-paper/tp-news/monsoon-forecast-cheers-sugar-industry/article65330381.ece With Skymet and the India Meteorological Department (IMD) predicting a normal monsoon in 2022, the sugar industry is hopeful of another bumper harvest
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