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The story so far: In a fiercely contested polity, the state of the economy is a hotly debated topic. In the past decade or so, India’s gross domestic product (GDP) growth rate has been presented by the Union Government as reflecting its prudent management of the economy, while the Opposition, led by the Congress, accuses…
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According to data released by the Federation of Automobile Dealers’ Associations (FADA), total vehicle registrations in August have increased 17.5% year on year, recording the all-time highest volume for the month, and with alternative powertrains, i.e., CNG, electric, and hybrids, leading passenger vehicle sales for the first time. But upon a closer look, some confounding…
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Foundries Development Foundation exchanging a memorandum of understanding with Germany-based VDMA at the inauguration of Inter Foundry and Inter DieCast event in Coimbatore city on Thursday. | Photo Credit: S. SIVA SARAVANAN Indian manufacturers have huge potential to tap into the global market as more businesses are looking at suppliers and opportunities in India, said…
Read More “Opportunities high for Indian foundries to supply global players, say experts” »
Narayan Subramaniam, Founder and CEO, Ultraviolette Automotive. File | Photo Credit: The Hindu Ultraviolette will be establishing its BIGGA (Big Global Ambition) Factory in Hosur, Tamil Nadu. The facility will provide the capacity and infrastructure required to support the company’s next phase of growth in India and international markets. The BIGGA Factory will ramp up…
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India, celebrated as the world’s fastest-growing economy, has become the world’s fourth-largest economy, and is expected to be the next engine of global growth. Yet beneath these numbers lies a grim reality: India is drifting toward the middle-income trap, in which countries exhaust their gains from cheap labour and rapid catch-up and fail to transition…
The Organization of Petroleum Exporting Countries (OPEC) forecast India’s oil demand to accelerate by 0.06 million barrel per day (mb/d) in 2026 from the comparable period last year, and a further 0.4 mb/d in 2027 primarily driven by an overall healthy economic momentum and sustained demand for hydrocarbon fuels. However, it trimmed their forecast for…
Read More “OPEC forecasts India’s oil demand to accelerate by 0.06 mb/d in 2026” »
For illustration | Photo Credit: Getty Images The Directorate General of Hydrocarbons (DGH) has extended the deadline for submitting bids for deepwater and ultra-deepwater blocks under the 10th and 11th rounds of the Open Acreage Licensing Policy (OALP) by nearly two months until November 15. The revised deadline replaces the earlier September 17 cut-off. Bidding…
Read More “OALP deepwater bidding deadline extended by two months to November 15” »
Spread across 44.2 acres in Nalbari district’s Danguapara, about 65 km northwest of Guwahati, the unit is PepsiCo’s fifth foods manufacturing plant in India. | Photo Credit: Special Arrangement Food and beverage manufacturer PepsiCo on Thursday (September 10, 2026) opened its first foods factory in the Northeast, a geographically-challenged region not among India’s preferred investment…
Read More “With new Assam unit, PepsiCo eyes India as one of its top 10 global anchor markets” »
Kolkata-based Ramakrishna Forgings that supplies forged, machined and fabricated products is investing ₹250 crore to ₹300 crore this year in multiple production facilities. Chaitanya Jalan, Joint Managing Director, said the company is investing ₹170 crore to manufacture components for passenger vehicles in Jharkhand. This will be commissioned in March- April next year. It will also…
Read More “Ramakrishna Forgings to invest ₹300 crore in 2026-2027” »
The India-Canada trade deal will be ready by the end of the year, Canadian High Commissioner Christopher Cooter told The Hindu, adding that the two countries are planning for their increased engagement this year to culminate in a visit by Prime Minister Narendra Modi to Canada in December. Speaking at The Hindu Mind in New…
Read More “India-Canada trade deal by the end of the year, Canadian High Commissioner Cooter says” »