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49,000 MSMEs shut down in 10 years rendering 300,000 people jobless
According to the Ministry of Labour and Employment, the estimated unemployment rate for people aged 15 years and above was 4.2% in 2020-21, 4.1% in 2021-22, and 3.2% in 2022-23.Read more
Budget 24-25: Rs 11.11111 trillion allocated for capital expenditure
To encourage the states to provide support of similar scale for infrastructure, the Finance Minister Smt Nirmala Sitharaman announced a provision of Rs 1.5 trillion for long-term interest free loans this year. Read more
Budget 24-25: 12 ‘plug & play’ industrial parks to be created under NICDP
The Union Budget 2024-25 proposes to revamp ShramSuvidha and Samadhan portals to enhance ease of compliance for industry and trade, with intent to strengthen them and step up their implementation for expediting our journey towards the goal of Viksit Bharat. Read more
Toshiba to invest JPY 10 bn in growing Indian manufacturing unit by 1.5 for T&D equipment
With this investment, TTDI will increase its assembly and test line capacity for distribution transformers and power transformers for the transmission grids and distribution networks. Read more
KEC International secures Rs 11 billion T&D orders globally
The YTD order intake has exceeded Rs 60 billion.Read more
Nothing joins ‘Make in India’ movement with CMF Phone 1 India manufacturing
The goal is to deliver high-quality products while supporting the local economy and creating job opportunities.Read more
India’s defence exports rise 14 times from FY16 to over Rs 210 billion
Initiatives such as ‘Make in India’ and ‘Atmanirbhar Bharat’ have fostered a robust defence manufacturing ecosystem. Read more
Return on equity of Indian manufacturing hits 10-year low; Citi
RoE, or return on equity, measures net profit as a percentage of net worth, indicating a firm's profitability and efficiency in using shareholder funds. Read more
Chip design firm SiliConch bought by L&T Semiconductor for Rs 1.33 billion
The terms of the deal involve a deferred payment of Rs 500 million over four years.Read more
Waaree Energies subsidiary Indosolar, inaugurates 1.30 GW solar module facility
The factory is expected to accelerate employment opportunities, and contribute towards propelling India's journey towards achieving net-zero emissions.Read more