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Gujarat's IT/ITeS sector gears up for transformative growth and global collaboration
In the fiscal year 2021-22, Gujarat achieved a remarkable 14% annual growth in IT/ITeS exports. As part of its strategic plan, the state aims to boost these exports to Rs 25,000 crore over the next five years.Read more
India’s GDP rises by 7.6% in Q2 FY24, manufacturing, construction led the growth
The growth was much higher than expected, mainly driven by investments and government consumption. However, private consumption growth was muted due to weak rural demand and some moderation in urban demand amid elevated inflationary pressures in Q2.Read more
Auto dealers to clock 8-10% revenue growth as volume normalises
Sales volume growth will normalise this fiscal from the 17.3% surge last fiscal, due to the high-base effect (especially in the commercial vehicle [CV] and passenger vehicle [PV] segments) as well as factors specific to different vehicle segments.Read more
ITeS industry poised for steady growth amid global challenges
The industry's expansion is expected to be driven by transition to non-voice services within the CRM segment, a surge in digital payments in the transaction services sector, and the evolution of analytics-based offerings in the KPO domain.Read more
Toyota expands manufacturing in Karnataka with Rs 3,300 cr investment
This new facility, boasting a capacity of 100,000 units, will be situated approximately 35km from Bengaluru and has the potential to generate employment opportunities for up to 2,000 individuals.Read more
Global MRO Giant StandardAero explores JV in India with surging aviation growth
Safran, a French engine manufacturer, plans to establish its largest MRO facility for commercial aircraft engines in Hyderabad by 2025.Read more
Industrial Growth dips to 5.8% in September, experts optimistic for October rebound
In October, the government experienced a 13% increase in Goods and Services Tax revenue, marking its fastest pace in 10 months, reaching Rs 1.72 lakh crore.Read more
Indian Construction Equipment Industry sales for Q2 FY24 record 31% YoY growth
Total equipment sales in Q2 24 increased to 30,078 units, against 22,941 units sold in Q2 of FY 2022-23. Of these, domestic sales accounted for 27,423 units while 2,655 units were exported.Read more
Yogi Adityanath promotes 'Make in UP' for aviation sector
Several prominent Indian and international companies, including those from the US, have expressed keen interest in establishing their manufacturing and assembly facilities in UP.Read more
KPIT Technologies Expands Mobility Focus, Eyes 2W and Global Growth
The company also collaborates with global commercial vehicle manufacturers, with a growing interest in off-highway vehicles driven by technological advancements and consumer preferences.Read more