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The Asian Development Bank lifted its outlook for growth in developing Asia this year thanks to a pick-up in the global export demand but it warned of risks from a potential China-US trade war.

ADB trims India's GDP growth forecast to 5.1 per cent in FY20

Asian Development Bank said growth should pick up to 6.5 per cent in the next fiscal year with supportive policies.

11 Dec 2019 11:55 AM IST

The Maruti Suzuki cars that will see a reduction in prices include Alto 800, Alto K10, Swift Diesel, Celerio, Baleno Diesel, Ignis, Dzire Diesel, Tour S Diesel, Vitara Brezza and S-Cross.

Maruti raises production by 4 per cent in Nov after 9 straight months...

The company produced a total of 1,41,834 units in November as against 1,35,946 units in the year-ago month, MSI said.

8 Dec 2019 2:48 PM IST

Indian economic growth has steadily slowed to a six-year low of 5.0 per cent in the April-June quarter from an 8.1 per cent peak in the January-March quarter of 2018.

India's real GDP growth in FY20 to come below 5 per cent: Report

For the first half of 2019-20 fiscal, GDP growth slowed to a pace of 4.8 per cent compared to the 7.5 per cent a year...

8 Dec 2019 12:52 PM IST

Automotive Component Manufacturers Association said the slowdown has also resulted in an investment loss of up to USD 2 billion dollars during the period.

Auto component industry turnover dips 10 per cent in Apr-Sep

This led to a job loss of around 1 lakh temporary workers till July this year, industry body ACMA said.

6 Dec 2019 4:08 PM IST

India can benefit from the ongoing challenges in global trade provided it plays its cards well, Commerce and Industry Minister Suresh Prabhu on Monday said.

Govt working on domestic manufacturing of aircraft: Prabhu

Airports Authority of India and Ficci also emphasised on carrying out of maintenance, repair and overhaul work...

15 Jan 2019 5:34 PM IST

Railway Minister Suresh Prabhu.

Seeking partnerships to make aircrafts in India: Suresh Prabhu

In the next 15 years govt will add another 100 airports with an investment of USD 65 billion.

20 Feb 2019 3:39 PM IST

Ravi Shankar Prasad said, Priyanka Ji has become the General Secretary, my good-luck to her. (Photo: ANI)

Congress spreading falsehoods on job data: Prasad

Information Technology sector generated 8.73 lakh jobs in 5 years, said Minister Ravi Shankar Prasad.

20 March 2019 5:58 PM IST

The truck is an electric vehicle built from lightweight composite materials.

Govt notifies phased import duty hike on electric PV parts,...

Basic import duty on battery packs used in manufacturing EV will also be increased to 15 pc from the current 5 pc from...

12 March 2019 8:57 AM IST

Philip Morris also signed off on one-time expenses and refurbishment costs incurred by Godfrey on at least two occasions in 2013 and 2014.

Philip Morris paid for India manufacturing despite ban on foreign...

Indian government in 2010 prohibited foreign direct investment (FDI) in cigarette manufacturing.

6 March 2019 2:35 PM IST

DIPP secreatry Ramesh Abhishek (Pics:Youtube)

We need a platform where all stakeholders work together: DPIIT Secy

This platform would look at the steps which need to be taken for industrial growth, Ramesh Abhishek said here at CII...

5 April 2019 3:12 PM IST

Responses were drawn from over 300 manufacturing units from both large and SME segments with a combined yearly turnover of over Rs 3 lakh crore. (Representational image)

India's manufacturing sector growth slows in April amid election...

The general election, that began on April 11, is currently underway. Votes will be counted on May 23.

2 May 2019 12:16 PM IST

FICCI President Rashesh Shah suggested that a rate cut be facilitated in the coming quarters to spur demand and investments.

Manufacturing sector outlook moderates in Apr-Jun: Ficci survey

The percentage of respondents expecting low or same production is 59 per cent in Q1, compared to 46 per cent in Q4 of...

23 Jun 2019 6:17 PM IST