Manufacturing PMI eases to 52.3 in July as new orders, output rise

New Delhi: The Purchasing Managers’ Index (PMI) in India was 52.3 in July 2018, showing sustained expansion in the manufacturing sector.

US third-largest car market for India in FY18 after Mexico, South Africa

New Delhi: United States has become the third largest market for passenger vehicles manufactured in India in 2017-18.

Industrial output grows 4.9% in April

New Delhi: Industrial output in India increased 4.9 per cent year-on-year in April 2018, on the back of increased manufacturing, as per government data.

'All meters to be smart prepaid in 3 years', says Power Minister; advises meter manufacturers to scale up production

New Delhi: All electricity connections in India will have smart prepaid meters in three years, according to Mr R K Singh, Minister of State(IC) for Power and New & Renewab...

Plastic exports grew 17.1% in FY18 to USD 8.85 bn

Mumbai: India's plastic exports recorded a growth of 17.1 per cent year-on-year reaching US$ 8.85 billion in FY18, driven by boost in value-added products and higher shipment o...

Bain-Piramal fund invests Rs800 crore in Archean Chemical

Mumbai: Piramal Enterprises and Bain Capital Credit have invested around Rs 800 crore (US$ 119.31 million) in Archean Chemical Industries Ltd.

F-16 production can make India fighter jet export hub: Lockheed

Washington: Domestic manufacturing of custom-built F-16 fighter jets can make India an export hub of fighter jets and provide it access to the fighter aircraft market which is over...

Maruti Suzuki set to drive in biggest ever capacity expansion in India

New Delhi: Maruti Suzuki is planning to more than double its annual production capacity to 4.5 million vehicles by 2030 from the current 1.75 million in order to maintain its leadi...