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Mobile hydraulics market reaches $18.7bn in 2021

Material handling sector accounts for 25% of mobile hydraulics market in 2020Read more

We have already crossed the 2020-21 production mark

Spring washers are an essential component where rotating movement of assembly due to vibration is required to be arrested. Presently, the automobile sector is the single largest end-user and this is resulting in driving demand for spring washers according to Subhash Khanwalkar, Proprietor, Khanwalkar Industries.Read more

Indian labour market in worst condition since April-May 2020: CMIE

CMIE’s data about the Indian labour market states that the Indian labour market is in its worst condition since April-May 2020. The employment rate continues to worsen amidst the COVID-19 second wave.Read more

DPIIT recognises 19896 since April 2020

30 States and UTs have announced specific Startup Policies to support startups. Maharashtra, Karnataka, Delhi, Uttar Pradesh and Gujarat have the greatest number of startups. The sectors which had the maximum registered startups are such as food processing, product development, application development, IT consulting and business support services.Read more

India’s GDP grows 1.6% in Q4 2020-21 aided by manufacturing push

For the entire financial year 2020-21, the GDP contracted 7.3 per cent — a record low. In January-March last year, the economy had grown 3 per cent.Read more

FICCI-IBA Bankers' Survey: Banks report a decline in NPAs in 2nd half of 2020

The survey findings also show that long term credit demand has been growing for sectors such as infrastructure, pharmaceuticals and food processing.Read more

Fall in bankruptcy filing between 2018 to 2020: Anurag Singh Thakur

As per data provided by the National Company Law Tribunal, 8,330 applications in the year 2018, 12,091 in the year 2019 and 5,282 in the year 2020 were filed under the IBC.Read more

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

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