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Union commerce and industry minister Piyush Goyal held meetings with luxury company LVMH Moet Hennessy Louis Vuitton SE and beauty giant L’Oreal Groupe, focusing on growing manufacturing, exports and investment in India. In his meeting with Vincent Astoux, International Relations Director of LVMH, Goyal discussed expanding manufacturing in India to increase exports, investing in local…
India’s manufacturing activity showed a mild recovery in April, with growth in new orders and output improving sequentially, though the pace remained among the slowest in nearly four years, PTI reported.The seasonally adjusted HSBC India Manufacturing Purchasing Managers’ Index (PMI) rose to 54.7 in April from 53.9 in March, signalling continued expansion but marking the…
NEW DELHI: With focus on building resilience in the shipping sector, amid the West Asia conflict and increased instances of global supply chain disruptions, govt will adopt a “structured tender” approach for manufacturing specialised vessels, such as gas and oil tankers, and fertiliser carriers. Under this, some vessels in the tender would be built overseas…
India’s industrial production growth slowed to a five-month low of 4.1 per cent in March, weighed down by subdued manufacturing activity and near-flat expansion in the power sector amid the Middle East crisis, reported PTI.Factory output, measured by the Index of Industrial Production (IIP), had grown 3.9 per cent in March 2025, according to official…
MUMBAI: Uday Kotak on Tuesday warned that the world is “at a very important cusp of the return of global colonialism… in 2026 we are at one such cusp,” drawing parallels between historical imperial expansion and current geopolitical shifts, while urging India Inc to reset its approach to innovation, manufacturing and energy security.Speaking at the…
NEW DELHI: India’s vast informal manufacturing sector has seen jobs stay flat for nearly a decade, while the formal manufacturing sector has seen an increase, marking a sharp divergence in the growth trajectory of the two segments.An analysis of the latest unincorporated enterprises survey released last month showed that 3.5 crore people were employed in…
India’s manufacturing sector showed signs of slowing in March, as growth in activity moderated amid a mix of rising costs, competitive pressures and global uncertainty, according to the HSBC India Manufacturing PMI report released on Thursday. The Purchasing Managers’ Index (PMI) fell to 53.9 in March from 56.9 in February, signalling a softer expansion.The reading…
NEW DELHI : The country’s industrial output growth accelerated in Feb, led by a recovery in the manufacturing sector, but the West Asia conflict is expected to weigh heavily on the crucial sector in the months ahead.Data released by the National Statistics Office (NSO) on Monday showed the index of industrial production rose 5.2 per…
India’s industrial production grew 5.2 per cent in February, driven largely by an improvement in manufacturing output, according to official data released on Monday.Factory output, measured by the Index of Industrial Production (IIP), had expanded 2.7 per cent in February 2025, as per the official statement.Data released by the National Statistics Office (NSO) also showed…
When it comes to India’s economic future, few are as optimistic — and as candid — as Himanshu Shah. For the North Carolina investor, the country’s greatest opportunity lies not in rhetoric, but in execution. Speaking at a panel during the Indiaspora Forum 2026 on the outskirts of Bengaluru on Monday, the founder of Raleigh-based…
