Industry

– 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

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

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

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 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

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

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

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