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Red Sea attacks spark shipping disruptions, pose inflation risk
Following the assault by Iran-backed Houthi militants on commercial vessels in the Red Sea, shipping companies are redirecting their cargoes, opting to sail around Africa instead of using the Suez Canal's shorter route.Read more
IMF projects 6.3% growth for India despite inflation challenges
Contrary to the Reserve Bank of India's (RBI) forecast of 7%, the IMF's growth projection for the ongoing financial year, concluding on March 31, 2024, is slightly lower.Read more
Indian Economy gains momentum by private investments surge
According to the survey conducted in September, two-thirds of the respondents expect a rise in sales and new orders in the second quarter of FY24.Read more
US allocates $15.5 bn to boost electric vehicle transition
The United States Department of Energy is allocating $15.5 billion to facilitate the shift towards electric vehicles (EVs).Read more
EAM to invest $650 mn to establish EV battery components facility in USA
Epsilon Advanced Materials (EAM), India’s leading battery materials company is looking to power 1 million electric vehicles through its proposed facility in USA. The company commits largest Indian investment in USA’s EV battery industry.Read more
Top five equipment manufacturing trends of 2023
From organisational change and employee training and development, to supply chain challenges and the rise of alternative power, the article list down all the manufacturing trends to look forward in 2023.Read more
CARE Ratings estimates GDP degrowth of 6.1 per cent
These are revised observations, considering the lockdown reinstated even in July across many states and manufacturing units operating at half of its capacity. Read more