Red Sea Crisis: Government Must Support MSME Exporters
Red Sea Crisis: Government Must Support MSME Exporters The deteriorating security situation in the Red Sea has led to increased insurance rates and longer travel times for exporters. Logistics costs significantly impact the country’s manufacturing sector, export competitiveness, and global positioning. The Red Sea route, known for being shorter and faster, was the preferred choice […]
India Logs Robust Business Activity Growth in May
India Logs Robust Business Activity Growth in May Driven by a sharp acceleration in the services sector, India’s business activity expanded at its third strongest rate in nearly 14 years. The HSBC Flash India Composite Output Index, or Flash PMI, rose to 61.7 in May from 61.5 in April, according to data released by S&P […]
GenAI Could Help Indian Workers Save 51 Million Hours Weekly by 2026: Pearson Study
GenAI Could Help Indian Workers Save 51 Million Hours Weekly by 2026: Pearson Study Generative artificial intelligence (GenAI) has the potential to save Indian workers 51 million hours per week by 2026, according to a study by learning company Pearson. GenAI can enhance workplace productivity by assisting workers with routine and repetitive tasks, which often […]
NSE SME Indian Emulsifiers Makes a Blockbuster Debut
NSE SME Indian Emulsifiers Makes a Blockbuster Debut Shares of Indian Emulsifiers surged to Rs 450 on the NSE, reflecting a remarkable premium of 240.91% over the issue price of Rs 132. The stock was listed at Rs 430, marking a 225.76% premium compared to its initial public offer (IPO) price. Currently, the stock is […]
Electronics Manufacturers Urge Indian Government to Introduce PLI Scheme for Components and Wearables
Electronics Manufacturers Urge Indian Government to Introduce PLI Scheme for Components and Wearables A trade association representing major electronic manufacturers such as Asus, Dell, Google, Canon, and Dixon has appealed to the Indian government to introduce a production-linked incentive (PLI) scheme for electronic components and wearables. In a letter to S. Krishnan, the Secretary of […]
India Has Sufficient Domestic Tyre Capacity; Imports Should Not Be Liberalised Through FTAs: ATMA
India Has Sufficient Domestic Tyre Capacity; Imports Should Not Be Liberalised Through FTAs: ATMA India has ample tyre manufacturing capacity, and imports should not be liberalised through free trade agreements (FTAs) with duty concessions, according to the Automotive Tyre Manufacturers’ Association (ATMA). The industry body emphasized that domestic manufacturing capabilities in the automotive tyre sector […]
Impact of Bribery on SMEs: Standing Against Corruption May Cost Business Opportunities, Survey Reveals
Impact of Bribery on SMEs: Standing Against Corruption May Cost Business Opportunities, Survey Reveals A global survey by the UK-based Association of Chartered Certified Accountants (ACCA) highlights the impact of bribery and corruption on SMEs worldwide. It found that 59% of SMEs and their advisers believe that resisting bribery and corruption could lead to lost […]
India Must Create 115 Million Jobs by 2030 to Sustain Economic Growth: Study
“India Must Create 115 Million Jobs by 2030 to Sustain Economic Growth: Study” India needs to create 115 million jobs by 2030 as more people enter the workforce, according to a study, emphasizing the need to boost services and manufacturing to sustain economic growth. Asia’s third-largest economy will have to generate 16.5 million jobs annually, […]
ET Make in India SME Regional Summit’s Second Session to be Held in Lucknow
ET Make in India SME Regional Summit’s Second Session to be Held in Lucknow On May 25, the ET Make in India SME Regional Summit will reach its second city for this year’s edition. Lucknow, renowned for its nawabi heritage and famous handicrafts, will host small businesses, industry leaders, and entrepreneurs in an engaging summit […]
Finance Minister Nirmala Sitharaman: Industry Must Advance Up the Manufacturing Value Chain
Finance Minister Nirmala Sitharaman: Industry Must Advance Up the Manufacturing Value Chain Addressing a session on “Co-Creating the Future Responsibly: The Role of Business” at CII’s Annual Business Summit in New Delhi, Dr. V Anantha Nageswaran, Chief Economic Advisor, Government of India, emphasized the need to increase the share of manufacturing in the economy. “As […]