Home Industry

Industry

Reflecting on a decade of Make in India: Achievements, challenges, and the road ahead

– By Nikit Popli Launched in 2014, Make in India was an ambitious call to turn India into a global manufacturing powerhouse. The initiative aimed not only to bolster India’s economy but also to create jobs, attract foreign investment, and foster a self-reliant industrial ecosystem. Ten years later, the program has transformed many sectors, redefined

Tax hit to top Indian firms from new Swiss rule

The tax liability of several Indian companies, which have operations in Switzerland, including bellwether IT and pharma firms, may rise with the central European country announcing a decision to increase the withholding tax on dividends their Swiss arms pay to Indian parents under the ‘source rule’, from 5% to 10%, effective January 2025.  Switzerland cited

IIHL to finalise Rs 9,861-crore Reliance Capital acquisition by January 2025: Ashok Hinduja

IndusInd International Holdings Limited (IIHL) aims to complete the acquisition of Reliance Capital (RCap) by January 2025. Ashok Hinduja, the chairman of IIHL, said they have secured all the necessary regulatory approvals to close the `9,861-crore deal. The final approval from the department for promotion of industry and internal trade (DPIIT) has come, paving the

Interview | Confident of meeting sales guidance for FY25:  Prestige Estates Chairman Irfan Razack

Bengaluru-based Prestige Estates Projects plans to launch multiple projects in Bengaluru, Hyderabad, Mumbai, among others, comprising a total area of 53 million sq ft with total sales value of `52,114 crore by March 2025. In an interview, its chairman and managing director Irfan Razack tells Raghavendra Kamath about the company’s plans and strategy. Since the RBI is unlikely to

Traveltech startups taking to acquisitions to drive growth

Traveltech startups like Oyo, ixigo, EaseMyTrip are driving growth through a surge in acquisitions, targeting market expansion, customer reach and enhanced capabilities, given the post-pandemic travel boom.Recent notable deals include Oyo’s acquisition of G6 Hospitality, the parent of Motel 6 and Studio 6, to boost its international footprint. Similarly, MakeMyTrip acquired Happay, ixigo took over

Capacity utilisation by steel companies falls to a four-year low

At the core of the heightened demand for a higher tariff wall, in the form of safeguard duty, on steel imports is the relative uncompetitiveness of the domestic primary steel makers. The world steel supplies remain robust, making imported cost of the alloy cheaper, even as domestic producers complain of low profitability. At the end

Pharma, FMCG, oil and gas lead hiring for AI/ML roles

Pharmaceuticals, FMCG, and oil and gas were among the top hirers for niche profiles like artificial intelligence/machine learning (AI/ML), cybersecurity, cloud computing, data science and big data analytics and blockchain in 2024. Due to the increasing demand for these profiles, and the shortage of experienced talent, companies led by GCCs (global capability centres) paid up

India’s coal production hits new highs in November, while coal imports rise 4.2 per cent from April to October

In November 2024, the ministry of coal achieved a notable milestone, with overall coal production reaching 90.62 million tonnes (MT), reflecting a growth of 7.20 per cent compared to 84.52 MT in the same month last year. Additionally, coal production from captive and other entities saw significant improvement, rising to 17.13 MT, up 37.69 per
Stay Connected
0FansLike
0FollowersFollow
0SubscribersSubscribe
- Advertisement -
Latest Articles

BluSmart denies reports of acquisition discussions with Uber

EV cab aggregator BluSmart has denied reports of being in discussions or negotiations with Uber regarding a possible acquisition. A spokesperson from BluSmart told CNBC TV18 that reports suggesting such a development are entirely speculative and unfounded.  The company spokesperson further maintained that BluSmart remains focused on scaling its operations, expanding its footprint, and driving

Welspun Corp bags new orders worth Rs 2,400 crore for supply of coated pipes in the US

Welspun Corp Ltd on Monday announced that it has received a new order worth Rs 2,400 crore (approx) in the US. The order, it added, is for supply of coated pipes for Natural Gas Pipeline Projects in the USA.  In a regulatory filing, the company said that the orders will be executed largely during FY26

Can the Nifty scale past 23,000 this week? A look at key levels to watch

All eyes are on the market levels this week after the Nifty failed to close above 22,500 last week. Positive global cues are expected to boost sentiment. Market participants have noted that the Nifty 50 needs to jump above the 22,500 mark decisively for an uptrend as this has become a key resistance level while

Upcoming Dividend, Bonus, Stock Split: From PFC to IRFC, A look at key corporate action this week

For stock market investors, few things are as exciting as corporate rewards such as dividends landing in their accounts, extra shares through bonuses, or stock splits making pricey stocks more affordable. And this week, there is a lot happening on that front. Some of the most watched stocks include Indian Railway Finance Corporation (IRFC), Power

Upcoming IPOs: 1 mainboard, 3 SME issues open for subscription this week, 2 new listings to hit the market

The IPO market is back in action. After a relatively quiet spell, the primary market is heating up again with four new public issues set to open for subscription this week. Investors can look forward to one mainboard IPO and three SME IPOs hitting the Street, while two recently concluded issues will make their market