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Contraction in global manufacturing output lower than expected at 3.9% in 2020

India, China, Japan, and the US have together racked up in excess of $ 200 billion in lost MIO (Manufacturing Industry Output) potential in 2020, says Interact Analysis report. Machine tools were the biggest casualties globally, while semiconductors and electronics machinery sector emerges virtually unscathedRead more

B&Rs openAutomation Challenge 2020 attracts huge participation

The challenge brought in participation from countries elite colleges with teams demonstrating innovative ideas. Read more

Proposed Indian Ports Bill, 2020 aims to attract investments and boost economic activity

Formulation of specialised tribunals, affordable grievance redressal mechanism and a dedicated tribunal to curb any anti-competitive practises in the port sector are some key reforms to empower exporters in the long run. Read more

October exports show degrowth of 5.4 per cent due to supply challenges: FIEO

FIEO also observed that the current industry is also showing signs of revival as both order booking position and Manufacturing PMI have risen.Read more

NTPC ranks first among Indian PSUs in Forbes World's Best Employer 2020

The final list comprised 750 multinational and large corporations headquartered in 45 countries. The employers were also judged based on their Covid 19 responses, image, economic footprint, talent development, gender equality and social responsibility. Read more

New DRDO Procurement Manual 2020 encourages participation of MSMEs, start-ups

The new DRDO Procurement Manual will facilitate the indigenous defence industry by simplifying the processes and ensure their participation in design and development activities.Read more

6th India Construction Festival 2020 to laud best equipment companies

The India Construction Festival Online, to be held virtually for the first time ever due to the ongoing pandemic, on October 15-16, 2020Read more

HARTING Han® 1A receives iF DESIGN AWARD 2020

The competition was intense as 7,298 entries were submitted from 56 countries in hopes of receiving the seal of quality.Read more

Be prepared for Tax Collected at Source from 1 Oct 2020

Any seller of any goods whose turnover in the preceding financial year exceeds Rs 10 crore is liable to collect TCS at 0.1% of the sale value (0.075% for Oct 2020 to Mar 2021 period) from the buyer if the buyer purchase goods for the value exceeding Rs 50 lakhs.Read more

Anil Saboo inducted as President of IEEMA for 2020-21

IEEMA also announced other office bearers for 2020-21Read more

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