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Why MSMEs want a review of Section 43B(h)?
Section 43B(h) of Income Tax Act - mandating payment to micro and small enterprises (MSEs) within 45 days of supply - was welcomed when announced in Budget 2023-24. However, MSEs are now facing a peculiar problem of losing orders from large firms because of it. Rakesh Rao explores more on this issue and the road ahead.Read more
JLR Range Rover to be manufactured in India
This strategic move comes on the heels of a remarkable 160% surge in Range Rover sales in India for the current fiscal year.Read more
Siemens to invest over Rs.10 billion to expand operations in India
The company aims to meet the growing demand in critical sectors such as industry, infrastructure, and power distribution by expanding two of its factories. This strategic move includes the establishment of a state-of-the-art metro train manufacturing facility in Aurangabad and the expansion of the Smart Infrastructure Operations in GoaRead more
Manufacturing expected to be a key driver of expansion in India; OPEC
Consumer confidence rose to 98.5 in March from 95.1 in January, driven partly by the on-going election cycle, expected to bolster spending, particularly in rural areasRead more
ARC Industry Forum Asia 2024 to focus on AI, cybersecurity and sustainability
The annual event will be held in three cities - at Tokyo (Japan) on 4 July 2024, Bengaluru (India) on 10-11 July 2024, and Singapore on 1 August 2024.Read more
Rail Europe envisions 25% growth from India operations
Rail Europe Executive Chairman & CEO Bjorn Bender talks about the India market.Read more
Jindal Aluminium produces 115,920 MT of aluminium extruded products in FY23-24
Operating three cutting-edge manufacturing plants located in Bengaluru, Dabaspet (Karnataka), and a newly acquired facility in Bhiwadi (Rajasthan), Jindal Aluminium boasts a total manufacturing capacity of 2.35 lakh tonnes per annum. Read more
India to build small arms manufacturing unit in Sri Lanka; defence collaboration
Sri Lanka could benefit from studying the Indian model and expressed interest in exploring Sri Lanka's own manufacturing capabilities in the defense sector, echoing the sentiment of drawing lessons from India's experience.Read more
India to become landfill for Chinese products amid US Beijing tariff war; GTRI
These tariffs include a 100% duty on electric vehicles, a 50% duty on semiconductors, and a 25% duty each on electric vehicle batteries originating from China.Read more
Global semiconductors battle deepens between EU & US; $81 billion subsidy surge
The surge in semiconductor spending stems from mounting concerns over China's rapid technological advancements, particularly in key electronic sectors. Read more