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Apple explores diversified manufacturing in India, discusses partnerships beyond China

Presently, Tata Electronics stands as Apple's sole vendor in India, with plans to double its casing facility.Read more

India's Long-Term Foreign Investment Outlook Strong despite Recent Dip: DPIIT secretary

Rajesh Kumar Singh, the secretary in the Department for Promotion of Industry and Internal Trade (DPIIT), emphasised that ongoing geopolitical conflicts and economic challenges in advanced economies would not significantly impact foreign direct investment (FDI) flows to India.Read more

India's Trade Deficit Narrows to $20.58 bn in November, Imports Drop 4.3%

Conversely, exports experienced a more modest contraction of 2.8%, reaching $33.90 billion, down from $34.89 billion in the corresponding period last year.Read more

Turkey tightens grip on Chinese EV imports with stringent regulations

The Turkish Trade Ministry recently issued a decree stating that companies importing electric vehicles (EVs) must have a minimum of 140 authorised service stations evenly distributed across the country.Read more

McKinsey Director urges urbanisation and productivity revolution by 2047

Chris Bradley points out a demographic contrast with China, foreseeing a decline in China's workforce due to aging, while India is expected to witness an increase of at least 220 million workers through farm migration.Read more

India considers Chinese imports for Green Hydrogen Boost

The Ministry of New and Renewable Energy (MNRE), a crucial player in the country's decarbonisation efforts, has suggested exemptions for green hydrogen developers.Read more

Toys ‘R’ Us accelerates India expansion with local manufacturing plans

Toys ‘R’ Us, the global toy retailer, is set to commence private label manufacturing in India by the middle of next year as part of an aggressive expansion strategy, aiming to position India among its top five markets.Read more

Chinese researchers predict circular economy in EV Batteries by 2059

According to scientists from the University of Mnster in Germany, China is expected to accomplish this milestone from 2059 onwards by recycling batteries to meet its primary lithium demand for electric vehicles.Read more

Indian defence firms eyeing Philippines market for military platforms

A 2022 agreement solidified the purchase of three BrahMos batteries by the Philippines from India, totalling an estimated $375 million.Read more

India's exports surge, outpacing Asian Peers in Oct 2023: ICICI Securities report

Analysts and economists Prasenjit Basu and Laavanya Sisaudia from ICICI Securities anticipate a further acceleration in India's merchandise exports throughout the remaining fiscal year 2024.Read more

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