Industry - general

Government plans overhaul of SEZ Act, proposes reduction in tax incentives, and increased integration

Government plans overhaul of SEZ Act, proposes reduction in tax incentives, and increased integration

09 Nov 2023

The government seems poised to refrain from introducing fresh direct tax incentives for businesses in special economic zones (SEZs).

Piyush Goyal is scheduled for a meeting with Tesla CEO Musk to discuss potential market entry

Piyush Goyal is scheduled for a meeting with Tesla CEO Musk to discuss potential market entry

09 Nov 2023

In a significant development, Indian Commerce Minister Piyush Goyal is scheduled to meet with Tesla CEO Elon Musk in the United States next week.

Walmart prepares for 'Open Call' event in India as it aims for $10 billion annual export goal by 2027

Walmart prepares for 'Open Call' event in India as it aims for $10 billion annual export goal by 2027

08 Nov 2023

Retail giant Walmart is seizing the India-first opportunity in the global sourcing landscape as it prepares to host a groundbreaking mega sellers' summit in New Delhi on February 14 and 15, 2023.

The National Industry Quarterly report states 8.6% volume growth in the FMCG sector

The National Industry Quarterly report states 8.6% volume growth in the FMCG sector

08 Nov 2023

India's fast-moving consumer goods (FMCG) industry has experienced a significant uptick in growth during the July–September quarter of fiscal year 2024 (Q2 FY24).

Kinder Morgan is set to acquire Texas pipelines from NextEra Energy Partners in a $1.82 billion deal

Kinder Morgan is set to acquire Texas pipelines from NextEra Energy Partners in a $1.82 billion deal

07 Nov 2023

Kinder Morgan, a U.S. gas pipeline operator, stated that it would acquire NextEra Energy Partners gas pipelines in South Texas. This statement was announced on Monday, 6 November 2023. The deal is said to be worth $1.82 billion.

India's automobile retail sales witnessed an 8% dip in October, but Navratri boosted the sector

India's automobile retail sales witnessed an 8% dip in October, but Navratri boosted the sector

06 Nov 2023

In a mixed bag for the Indian automobile sector, the latest data from the Federation of Automobile Dealers Associations (FADA) reveals that the country's automobile retail sales for October 2023 have experienced an 8% decline compared to the same period last year.

Shell to cut more low-carbon jobs and cut back on investments amid an overhaul

Shell to cut more low-carbon jobs and cut back on investments amid an overhaul

26 Oct 2023

Shell Oil Corporation, one of the largest in the world, will cut at least 15% of the workforce in its low-carbon solutions division and cut back

Honasa Consumer, parent company of Mamaearth, set to launch IPO on October 31

Honasa Consumer, parent company of Mamaearth, set to launch IPO on October 31

25 Oct 2023

One of India’s fastest-growing startups, Mamaearth’s parent company, Honasa Consumer Ltd., will launch its initial public offering (IPO) on October 31, 2023.

Kotak Mahindra Bank faces uncertainties with new external CEO and potential acquisition

Kotak Mahindra Bank faces uncertainties with new external CEO and potential acquisition

23 Oct 2023

Kotak Mahindra Bank Ltd. has released its September 2023 quarter results, which stood up to expectations. The bank reported a 24% growth in profit

Netflix raises prices and gains subscribers amidst strikes

Netflix raises prices and gains subscribers amidst strikes

19 Oct 2023

Streaming giant Netflix has increased subscription prices for some plans in the U.S., Britain, and France. These new prices became active on Wednesday

India-UK free trade deal unlikely by month's end

India-UK free trade deal unlikely by month's end

19 Oct 2023

India and the United Kingdom are unlikely to agree on the expected trade deal by the end of October. It was reported that negotiations are still ongoing

China’s Belt and Road Initiative will shift to a greener approach after a decade of big projects and big debt

China’s Belt and Road Initiative will shift to a greener approach after a decade of big projects and big debt

17 Oct 2023

The Belt and Road Initiative, which was undertaken by China a decade ago, looks to become smaller and greener.

Sir Jim Ratcliffe close to buy 25% of stake in Manchester United Football Club

Sir Jim Ratcliffe close to buy 25% of stake in Manchester United Football Club

16 Oct 2023

After months of negotiations and several bids being rejected, Qatari prince and investor Sheikh Jassim bin Hamad bin Khalifa Al Thani pulled out of the race

Reliance in talks with potential partners for chipmaking foray: report

08 Sep 2023

Oil-to-retail conglomerate Reliance Industries Ltd (RIL) is reported to be in talks with global leaders in semiconductor business in a bid to explore a possible entry into the high technology business

G20 leaders’ summit buzz: Biden may question laptop import restrictions

G20 leaders’ summit buzz: Biden may question laptop import restrictions

04 Sep 2023

While visiting New Delhi to participate in the upcoming G20 Leaders’ Summit this week, US President Joe Biden is expected to engage in discussions with Prime Minister Narendra Modi regarding India’s import restrictions on items such as laptops and other electronic products, according to individuals familiar with the matter.

President Biden issues order restricting technology investments in China

President Biden issues order restricting technology investments in China

10 Aug 2023

On 9 August 2023, US President Joe Biden signed an executive order that enforces restrictions on certain new American investments in China, specifically targeting sensitive technologies such as computer chips. The order also mandates government notification for investments in other technology sectors in China.

Indian government imposes restrictions on laptop and PC imports to boost local manufacturing

Indian government imposes restrictions on laptop and PC imports to boost local manufacturing

05 Aug 2023

In a move to promote domestic production in the electronics sector and especially curbing imports from China, the Indian government has imposed immediate restrictions on importing laptops, tablets, and personal computers falling under the HSN 8741 category.

India allows export of drones for civilian use

01 Jul 2023

Govt revises guidelines for MSME cluster development

30 May 2022

CBIC introduces liberalised customs duty package for MSMEs

14 Jan 2021

Maharashtra lets industries except in the red zones restart operations

12 May 2020

Govt to soon decide on MSME status to retailers, construction professionals: Gadkari

10 May 2020

Small business will soon be credit-rated on data: Nandan Nilekani

Small business will soon be credit-rated on data: Nandan Nilekani

06 Dec 2019

Banks will assess small businesses on the basis of their personal data, which include bank statements, tax returns, and home loan repayment records, for lending purposes, says Infosys chairman and co-founder Nandan Nilekani

US auto union UAW begins nation-wide strike against GM

US auto union UAW begins nation-wide strike against GM

16 Sep 2019

GM said UAW wages and benefits are expensive compared with competing non-union auto plants in southern US states and also justified plant shutdowns saying market shifts, especially the switchover to electric vehicles, demanded solutions for the Michigan and Ohio assembly plants that are non-productive

Suresh Prabhu dedicates 1,000-cr commerce ministry projects to nation

22 Feb 2019

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