Industry - general

Walmart reduces import dependence on China and shifts focus to India

30 Nov 2023

Walmart, the world's largest retailer, has significantly increased its imports from India while decreasing its reliance on China.

The U.S. Appeals Court grants a favorable ruling to chemical manufacturers in the PFAS lawsuit

28 Nov 2023

The U.S. 6th Circuit Court of Appeals, based in Cincinnati, Ohio, delivered a favorable ruling on Monday, November 27, 2023, for 3M, E.I. du Pont de Nemours and Co.,

Strike breaks out as Gucci workers in Rome protest against relocation of creative office

28 Nov 2023

Gucci fashion house in Rome, Italy, saw an unprecedented strike by their employees on Monday, 27 November 2023. This strike was a result of the fashion giant’s decision to move its design house from Rome to Milan, Italy.

Western drugmakers pivot to India as tensions with China prompt supply chain shifts

27 Nov 2023

In a strategic move to reduce dependence on Chinese contractors in drug production, global pharmaceutical companies are turning to Indian manufacturers.

Hero Electric aims to resolve Rs 140 crore penalty imposed by MHI

24 Nov 2023

Hero Electric has urged the government to resolve the ongoing dispute concerning the Rs 140 crore penalty imposed by the Ministry of Heavy Industries (MHI).

Glencore announces plans for construction of a battery recycling plant outside Italy

24 Nov 2023

In a strategic move, Glencore, the Swiss mining group, revealed its decision to construct a pilot project for an electric vehicle (EV) battery recycling plant outside of Italy.

Apple's iPhone makes 62.5% of India’s smartphone exports, amounting to $5 billion

23 Nov 2023

In a remarkable feat, Apple Inc. has witnessed a staggering year-on-year growth of 177% in the export of iPhones from India, reaching a value exceeding $5 billion in the initial seven months of the fiscal year 2024 (April–October)

OneWeb India gets IN-SPACe nod to launch satellite broadband service

23 Nov 2023

The authorisation allows Bharti Airtel, a promoter of Eutelsat OneWeb, to launch satellite-based broadband services once it is allotted the required spectrum by the Department of Telecommunications

Google Gemini: Learn about the new innovation by Google

21 Nov 2023

Google's Gemini, celebrated by CEO Sundar Pichai as a groundbreaking innovation, has been creating ripples since its announcement.

Indian investigators seek to revive the Adani probe and request Supreme Court assistance

17 Nov 2023

Indian investigators are making renewed efforts to reopen a probe into the Adani Group over allegations of coal import overvaluation.

Government plans overhaul of SEZ Act, proposes reduction in tax incentives, and increased integration

09 Nov 2023

The government seems poised to refrain from introducing fresh direct tax incentives for businesses in special economic zones (SEZs).

Piyush Goyal is scheduled for a meeting with Tesla CEO Musk to discuss potential market entry

09 Nov 2023

In a significant development, Indian Commerce Minister Piyush Goyal is scheduled to meet with Tesla CEO Elon Musk in the United States next week.

Walmart prepares for 'Open Call' event in India as it aims for $10 billion annual export goal by 2027

08 Nov 2023

Retail giant Walmart is seizing the India-first opportunity in the global sourcing landscape as it prepares to host a groundbreaking mega sellers' summit in New Delhi on February 14 and 15, 2023.

The National Industry Quarterly report states 8.6% volume growth in the FMCG sector

08 Nov 2023

India's fast-moving consumer goods (FMCG) industry has experienced a significant uptick in growth during the July–September quarter of fiscal year 2024 (Q2 FY24).

Kinder Morgan is set to acquire Texas pipelines from NextEra Energy Partners in a $1.82 billion deal

07 Nov 2023

Kinder Morgan, a U.S. gas pipeline operator, stated that it would acquire NextEra Energy Partners gas pipelines in South Texas. This statement was announced on Monday, 6 November 2023. The deal is said to be worth $1.82 billion.

India's automobile retail sales witnessed an 8% dip in October, but Navratri boosted the sector

06 Nov 2023

In a mixed bag for the Indian automobile sector, the latest data from the Federation of Automobile Dealers Associations (FADA) reveals that the country's automobile retail sales for October 2023 have experienced an 8% decline compared to the same period last year.

Shell to cut more low-carbon jobs and cut back on investments amid an overhaul

26 Oct 2023

Shell Oil Corporation, one of the largest in the world, will cut at least 15% of the workforce in its low-carbon solutions division and cut back

Honasa Consumer, parent company of Mamaearth, set to launch IPO on October 31

25 Oct 2023

One of India’s fastest-growing startups, Mamaearth’s parent company, Honasa Consumer Ltd., will launch its initial public offering (IPO) on October 31, 2023.

Kotak Mahindra Bank faces uncertainties with new external CEO and potential acquisition

23 Oct 2023

Kotak Mahindra Bank Ltd. has released its September 2023 quarter results, which stood up to expectations. The bank reported a 24% growth in profit

Netflix raises prices and gains subscribers amidst strikes

19 Oct 2023

Streaming giant Netflix has increased subscription prices for some plans in the U.S., Britain, and France. These new prices became active on Wednesday

India-UK free trade deal unlikely by month's end

19 Oct 2023

India and the United Kingdom are unlikely to agree on the expected trade deal by the end of October. It was reported that negotiations are still ongoing

China’s Belt and Road Initiative will shift to a greener approach after a decade of big projects and big debt

17 Oct 2023

The Belt and Road Initiative, which was undertaken by China a decade ago, looks to become smaller and greener.

Sir Jim Ratcliffe close to buy 25% of stake in Manchester United Football Club

16 Oct 2023

After months of negotiations and several bids being rejected, Qatari prince and investor Sheikh Jassim bin Hamad bin Khalifa Al Thani pulled out of the race

Reliance in talks with potential partners for chipmaking foray: report

08 Sep 2023

Oil-to-retail conglomerate Reliance Industries Ltd (RIL) is reported to be in talks with global leaders in semiconductor business in a bid to explore a possible entry into the high technology business

G20 leaders’ summit buzz: Biden may question laptop import restrictions

04 Sep 2023

While visiting New Delhi to participate in the upcoming G20 Leaders’ Summit this week, US President Joe Biden is expected to engage in discussions with Prime Minister Narendra Modi regarding India’s import restrictions on items such as laptops and other electronic products, according to individuals familiar with the matter.

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