Industry

Finance Minister Nirmala Sitharaman on Wednesday said the industry will have to realign its policies keeping in mind political and strategic decisions of the country. Outlining the priorities of the economy for the next decade, Sitharaman also said attempts should be made to restore global calm and normalcy and noted that war or any form of disruption should be avoided. Sitharaman said the economy has to "clawback" more to regain its strength after the Covid pandemic and any skirmish or war will impact the supply chains and food value chains. "The world is facing challenges which are reflected in the economy," the Minister said at the CII Global Economic Policy Forum here. Talking about ways to tackle supply chain disruptions, Sitharaman said currently there is a need to blend economic priorities with politics and strategic needs. "When we talk about restoring supply chains to frictionless supply chains, let's not forget it's not just economics, it's more than that... We have to b

The CMAI said that the proposed GST rate revisions pose a significant threat to the apparel industry, which is facing challenges like drop in consumer demand, profit erosion and working capital issues

Despite soaring passenger numbers, Indian airlines can't raise fares due to fierce competition, rising costs, and price sensitivity, leaving them struggling to stay profitable

Indian firms lead in-office work trends with 90% requiring more than three office days weekly; over 54% of Indian companies expect an increase in office attendance by 2030, compared to 43% globally

October's layoff numbers reveal a continuing decline, maintaining the trend established in previous months and marking one of the lowest points for layoffs since 2023

The Himachal Pradesh government is ensuring that Himachalis are provided employment in all industrial, power and tourism units in the state, Industries Minister Harshwardhan Chauhan said here on Friday. Presiding over a review meeting of the labour and employment department here, Chauhan reiterated the resolve of the government to accelerate the pace of development and instructed the director of labour and employment to ensure 80 per cent employment to Himachalis in industrial units in the private sector, an official statement said. Expressing satisfaction over the digitisation of 100 per cent employment exchanges of the state, he said that the registration and renewal can now be done online and private employers can upload the details of vacancies in their organisations on the 'eemis' portal. Chauhan added that at present, 567 private organisations are registered on this portal. An amount of Rs 16.83 crore has been provided to 18,404 beneficiaries of the unemployment allowance sch

As Indian companies enhance the capacity to manufacture 5G technology products at scale, they will be prioritised for 'Make in India' procurement orders, ensuring these goods are sourced domestically

The decline is said to be mainly due to a 79% drop in investments in the office sector

Ratan Tata, the former chairman of Tata Sons, passed away on Wednesday at the age of 86 in Mumbai. Under his leadership, the Group transformed from an Indian-focussed entity to a global powerhouse

The industry is buoyed by policy continuity as the CII Business Confidence Index soared to a two-quarter high of 68.2 for the July-September period this fiscal, the lobby grouping said in its first survey after the Lok Sabha polls. The 128th round of the CII Business Outlook Survey was conducted in September 2024, covering more than 200 firms of varying sizes across all industry sectors and regions. Economic momentum has gained speed post the general elections, the industry body stated. India's economic growth has held up well despite global challenges, CII said, asserting that the upcoming festive season portends well for fortifying growth prospects further. However, it cautioned that the "uncertainty in the global scenario persists, necessitating a careful watch on the evolving economic conditions". A few niggling business concerns have been highlighted by the respondents in the survey, with protracted geopolitical tensions, spike in global commodity prices and slowing external

The Delhi government will next week launch a single window facility for faster clearances of investors' applications, boosting ease of doing business in the city. The beta version of the single window system will be launched by Industry Minister Saurabh Bharadwaj on Monday, said a government statement. "The platform aims to streamline pre-operation approvals, reduce compliance, promote sector-specific reforms, shorten project timelines and enhance ease of starting and doing business in Delhi," Bharadwaj said. The portal will help realize objective of speedy processing of clearances and providing investor-friendly environment to business, he added. So far, 59 services across 12 stakeholder departments have been onboarded on the platform. Specifically, 37 services from seven departments namely labour, MCD, Delhi Pollution Control Committee, weights and measures, DJB, power discoms and industries were onboarded on the single window system in the first phase of the plan, the minister

Gujarat Chief Minister Bhupendra Patel on Thursday urged industry leaders to aim for "100 per cent" disposal of chemical waste in a scientific manner while stressing on the need to protect the environment. Patel made the appeal while addressing industrialists and other stakeholders at the 'Chemical & Petrochemical Conclave' organised here by the Associated Chambers of Commerce & Industry of India (ASSOCHAM) Gujarat Council. "After the success of Make in India, we are moving towards Made in India. When we aspire to be global leaders in different sectors, we should also focus on sustainable development and how we can take care of our environment in our daily life," he said. "Time has gone when we used to only think about growing our businesses. Today, I want to urge the chemical industry to find out ways to ensure 100 per cent disposal of chemical waste in a scientific manner so that it does not affect the environment," the CM added. There was a time when some industries used to

Inbound shipments into the country rose 3.3 per cent to $64.4 billion during the month, leading to a trade deficit of $29.65 billion

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In a huge endorsement of its highly conducive business ecosystem and transparent and inclusive service delivery mechanism, Kerala has emerged as the country leader in two categories of business-centric reforms and seven categories of citizen-centric reforms in the ranking of the Union Ministry of Commerce and Industry. The award was presented at the Conference of State Industries Ministers held on Thursday at Palash Hall (Grand Ball Room) of the Yashobhumi Convention Centre, New Delhi, according to an official release here. Union Minister of Commerce Piyush Goyal presented the Business Reforms Action Plan '22 (BRAP 22) award of the Department for Promotion of Industry and Internal Trade (DPIIT) to P Rajeeve, Minister for Industries, Law and Coir, Government of Kerala, at the conference, Udhyog Sangam 2024, said the release issued by the Kerala State Industrial Development Corporation (KSIDC). Union Minister of State for Commerce & Industry and Electronics & Information ...

Sebi chief Madhabi Puri Buch on Thursday said there has been a positive response to small and medium REITs (real estate investment trusts) and industry players came forward for regulations on such entities. Recently, the Securities and Exchange Board of India (Sebi) implemented regulations for small and medium real estate investment trusts (SM REITs) aimed at significantly increasing investor interest in fractional ownership of real estate assets. Speaking at the Global Fintech Fest 2024, Buch spoke about compliances and the role of the regulator and said that industry players came forward for regulations on small and medium REITs. The remarks by the Sebi chairperson came days after the US short-seller Hindenburg Research alleged that recent amendments to Sebi's REIT Regulations 2014 were made to benefit a specific multinational financial conglomerate. However, the markets regulator had stated that Sebi (REIT) Regulations, 2014 has been amended from time to time. Also, Hindenburg

Questions Amazon's India investment strategy, says it is to make up for losses

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Former West Bengal chief minister and a front-ranking Marxist leader Buddhadeb Bhattacharjee will go down in the country's history as a pragmatic communist who kept aside his ideological convictions to woo capital for the industrialisation of his state. The CPI(M) stalwart - a quintessential Bengali 'bhadralok' with an incorruptible image - will be ironically remembered also for the fall of the 34-year-old Left regime in the state in 2011. He oversaw the end of an era in which he helmed the longest democratically elected communist government but failed to lead the Left Frong to victory for the eighth time in a row in the highly politically polarised state. Bhattacharjee who died on Thursday in his Kolkata home was 80. He left behind his wife and a daughter, who has declared to be undergoing gender change. Bhattacharjee, who was the seventh chief minister of the state, pushed hard to shed his party's anti-industry image and promote industrialisation to breathe new life into Bengal's

The e-commerce majors are also bullish on the state trading and industrial landscape for growth