India’s manufacturing sector recorded 11.9% growth in gross value added (GVA) in 2023-24 compared to 7.3% in the previous year, showed the results of the latest Annual Survey of Industries (ASI) released by the statistics ministry on Wednesday. While this figure would be considered robust—the second-highest growth rate in the past decade—it pales in comparison…
Sanand: India’s semiconductor ambitions are moving from paper to reality, with CG Semi—a Murugappa Group subsidiary—set to roll out the first Made-in-India chip by the end of the year. CG Semi, along with Micron, Tata Electronics, and Kaynes, is gearing up to launch chip prototypes out of pilot production lines this year, with commercial rollout…
Indian states need to improve the ease of obtaining construction permits, the Confederation of Indian Industry (CII) said on Thursday, calling for pan-India reforms to streamline construction permit processes and procedures. The ease of providing construction permits holds the key to attaining the goal of Viksit Bharat by 2047, as building modern, resilient, and inclusive…
Mahindra Aerostructures on Thursday said it has been awarded a contract by Airbus to manufacture and assemble the main fuselage of the latter’s H125 light single-engine helicopter in India. As per the deal, Mahindra Aerostructures (MASPL) will manufacture H125’s main fuselage at its Bengaluru plant. “Industrialisation of this significantly important contract will begin immediately, and…
The bank’s response to the backlash was swift: it tempered the quantum of the hike to 50%, setting it at a considerably lower ₹15,000. The quick damage control was probably sufficient to soothe customer outrage. However, it would be wrong to view the move as “loot, thuggery of the middle class”, as alleged by some…
NEW DELHI: A quiet revival is underway in Bollywood, but it isn’t the tentpole films making all the noise. Mid-budget titles, once thought destined only for streaming platforms after the pandemic, are drawing audiences back to theatres, defying the post-Covid slump and showing that moviegoers want more than just spectacle. Recent successes such as the…
To curb this menace, the government is preparing to expand its digital seed authentication system nationwide, two people aware of the plan said. The initiative, known as Sathi—short for Seed Authentication, Traceability and Holistic Inventory—was launched in April 2023 by the agriculture ministry in collaboration with the National Informatics Centre. Already operational in 23 states…
Gangwal’s IndiGo windfall comfortably beats that of Flipkart’s Bansals, who made over $1 billion each in selling shares to Walmart in 2018, as it acquired the Bengaluru-based company for $16 billion. This is among the most successful stake sales by the founder of a homegrown firm since the start of the century, according to two…
Adani, which entered renewable energy in 2015 by forming Adani Green Energy, is now the country’s largest green power producer. Through Adani New Industries Ltd (ANIL), it is also a top producer of solar cells, modules and wind turbine generators. The new energy businesses earned about ₹25,000 crore for the Ahmedabad-based conglomerate in FY25. Meanwhile,…
New Delhi, Aug 27 (PTI) Employment in industries increased by 5.92 per cent to 1.95 crore in 2023-24 from 1.84 crore in 2022-23, according to the latest Annual Survey of Industries (ASI) released on Wednesday. The Ministry of Statistics and Programme Implementation (MoSPI) has released the results of the Annual Survey of Industries (ASI) for…