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Raymond to cut 10,000 jobs in three years as robots to replace workers

Sep 16, 2016

Raymond to cut 10,000 jobs in three years as robots to replace workers

Raymond is planning to slash 10,000 jobs at its various manufacturing units in the next three years, and induct robots and use technology #TCS #ICICI Bank #Raymond #HDFC Bank #manufacturing #Chanda Kochhar #job cuts #Robots #IT Industry #Sanjay Behl
Move over China, India could become a manufacturing haven for Hong Kong based firms

Sep 16, 2016

Move over China, India could become a manufacturing haven for Hong Kong based firms

The huge Make-in-India push by Prime Minister Narendra Modi has attracted the attention of Hong Kong Trade Development Council (HKTDC), which has – over the last few months – conducted extensive research of advantages India provides for low cost manufacturing versus other Asian economies #India #China #InMyOpinion #manufacturing #Hong Kong Trade Development Council #HKTDC
GDP records tepid growth at 7.1% in April-June quarter; worry for Modi government

Aug 31, 2016

GDP records tepid growth at 7.1% in April-June quarter; worry for Modi government

India's gross domestic product (GDP) slowed to 7.1 per cent for the first quarter of this fiscal, from 7.5 per cent in the like period of 2015-16, due mainly to lower activity in farm, mining and construction sectors, official data showed on Wednesday. #GDP #NewsTracker #Agriculture #manufacturing #Growth #Q1 #GVA #Apr-Jun quarter #fiscal 2017
Steel demand in India to outpace regional average: Moody's

Aug 17, 2016

Steel demand in India to outpace regional average: Moody's

Moody's also said the profitability of Indian steel companies such as Tata Steel and JSW Steel will outperform that of regional peers owing to rising domestic demand and Indian government's protectionist measures in the form of minimum import prices and anti-dumping duties #Tata Steel #Moody's #manufacturing #JSW Steel #Steel demand #brownfield expansion
Industrial output growth slows to 2.1% in June

Aug 12, 2016

Industrial output growth slows to 2.1% in June

Industrial output grew by 2.1 percent in June, although down from 4.2 per cent a year ago, on account of poor show by manufacturing and heavy contraction in capital goods production. #NewsTracker #Capital goods #manufacturing #Index of industrial production #IIP growth
Good monsoon can buoy GDP growth beyond 8% this fiscal, says Arvind Panagariya

Jul 27, 2016

Good monsoon can buoy GDP growth beyond 8% this fiscal, says Arvind Panagariya

Indian economy grew 7.9 percent in March quarter and recorded a five-year high growth rate of 7.6 percent for the 2015-16 fiscal on robust manufacturing growth #GDP #Arvind Panagariya #manufacturing #Monsoon #Growth #Prime Minister Narendra Modi #Niti Aayog
Agriculture earnings barely adequate for farmers in India, says Jaitley

Jul 25, 2016

Agriculture earnings barely adequate for farmers in India, says Jaitley

The finance minister said that while India's aspiration was that manufacturing should be 25 percent of the economy, it was yet to reach there #Agriculture #Arun Jaitley #manufacturing #Telangana #services
Industrial production expands 1.2% in May

Jul 12, 2016

Industrial production expands 1.2% in May

Industrial production grew by 1.2 per cent in May after seeing a contraction in the previous month, mainly due to uptick in consumer durables output. #RBI #consumer goods #manufacturing #consumer durables #Index of industrial production #NewsTrack #IIP growth