Manufacturer

  • Plagued by ills, India's manufacturing sector takes Modi's 'Make in India' with a pinch of salt August 18, 2014

    New Delhi: Prime Minister Narendra Modi's 'Make in India' vision might prove to be a little difficult to realise as India's manufacturing sector continues to be plagued by a number of ills. Industrialists across the country took Modi's words with a pinch of salt as ground realities present a completely...
  • No commercial interest in e-rickshaw: Nitin Gadkari July 1, 2014

    New Delhi: Transport Minister Nitin Gadkari on Tuesday dismissed reports that his family has links with a firm manufacturing e rickshaws and asserted that he has no commercial interest in the sector manufacturing them. An official statement explaining his position came in the wake of media reports claiming that PGT, a...
  • Factory owner killed, two others injured in blast at plastic sheet manufacturing unit June 28, 2014

    A factory owner was killed and two others were injured following a blast in a plastic sheet manufacturing unit in Govindpura Industrial area here, police said on Saturday. The incident occurred last evening when the unit owner identified as Devendra Gupta (40) accidentally mixed a chemical with another resulting in an...
  • Manufacturing, ease of doing business discussed in PM's meeting June 24, 2014

    New Delhi: Steps to boost manufacturing and ease of doing business in India were discussed at a meeting called by Prime Minister Narendra Modi with officials of four ministries on Tuesday. Secretaries at departments of industry, heavy industry and public enterprises apprised Modi of various issues related to their sectors in...
  • Narendra Modi-led government likely to boost job market in India: Experts May 14, 2014

    New Delhi: With exit polls predicting a Narendra Modi-led government, experts are anticipating a spurt in the job market on the expectation that the BJP leader would revive the economy, particularly the manufacturing sector. HR consultancy firm Unison International has estimated the job market to grow by at least 30 per...
  • Six killed in firecracker manufacturing unit explosion May 13, 2014

    At least six people were killed in an explosion at a fire cracker manufacturing unit in Uttar Pradesh, police said Tuesday. The accident occurred on Monday in Sultanpur district's Jaitapur village and killed six members of a family - Chand Babu (20), Islam (18), Ajay Bheem (20), Mohd Ramzan (12), Mohd...
  • Manufacturing PMI rises to highest since March 2013 February 3, 2014

    Bangalore: Indian factories started 2014 on a high note, with activity growing at its fastest pace in nearly a year as domestic and overseas orders increased, according to a survey that also showed inflation accelerated. The HSBC Manufacturing Purchasing Managers' Index (PMI), compiled by Markit, bounced to 51.4 in January, its...
  • Apple to open manufacturing plant in Arizona November 5, 2013

    Seattle: Apple Inc will open a manufacturing facility in Arizona in partnership with mineral crystal specialist GT Advanced Technologies Inc to make sapphire materials for Apple's popular electronics devices. The project will provide 700 manufacturing jobs in the first year and 1,300 construction and associated jobs in Mesa, Arizona, according to...
  • Haunted house business gets boost as techs up thrill ante October 19, 2013

    Philadelphia: Ed Terebus was an 18-year-old high school student when he and his big brother Jim, a laid-off auto worker, decided to build their first haunted house 34 years ago. The Terebus brothers charged visitors $1.50 per head to tour their creation, which was set up in a trailer and featured...
  • Maruti Suzuki September sales up 11.7 per cent October 1, 2013

    Country's largest car-maker Maruti Suzuki India (MSI) on Tuesday reported 11.7 per cent increase in total sales in September at 1,04,964 units as against 93,988 units in the same month last year. The company said its domestic sales increased by 1.8 per cent during the month to 90,399 units as against...
  • Rupee fall causes an increase in the prices of gadgets August 30, 2013

    New Delhi: People planning to upgrade their gadgets might be forced to think again as most manufacturers are being forced to increase the prices of their products despite the fear of losses with the price rise coming just ahead of the festive season. The customers who want to upgrade their...
  • Oil rises as China, Europe factories ramp up August 23, 2013

    Oil headed for its first gain this week, boosted by a rebound in manufacturing in China and Europe. US benchmark oil for October delivery was up 46 cents to USD 104.31 a barrel in Thursday afternoon trading on the New York Mercantile Exchange. Oil fell USD 3.61 a barrel, or 3.6...
  • Industrial output contracts 2.2 per cent in June August 12, 2013

    New Delhi: India's industrial production contracted 2.2 per cent in June, more-than-expected from a year earlier, government data showed on Monday. May's output growth was revised down to an annual 2.9 per cent contraction from 1.6 per cent earlier. Manufacturing sector, which constitutes about 76 per cent of industrial production, shrank 2.2...
  • Paints and coatings firm Azko Nobel to open new manufacturing unit near Gwalior August 9, 2013

    Paints and coatings firm Akzo Nobel India will open a new manufacturing unit near Gwalior in next two months time, a top company executive said on Friday. The company, which has around 30 per cent market share in the country, would invest Rs 100 crore to set up the unit,...
  • China's test; controlled slowdown or unemployment nightmare July 19, 2013

    Beijing: The success or failure of China's efforts to revamp its giant economy may rest with workers like Hu Zhao and Deng Jindong. They were both at a job fair in Beijing this week. Hu, a 30-year-old former factory worker, was looking for a higher paid office job. Deng, a...
  • Gas leak at Intel Arizona plant sends 11 to hospital June 30, 2013

    Phoenix: A gas leak at Intel Corp's second-biggest manufacturing plant, located in Chandler, Arizona, sickened up to 43 people, including 11 who were taken to a local hospital, company and local fire officials said on Saturday. One of the buildings at the sprawling processing plant was evacuated after the leak of...
  • Samsung plans Rs 500 crore investment to ramp up mobile production June 30, 2013

    New Delhi: South Korean electronics major Samsung is planning to invest over Rs 500 crore to ramp up its mobile production capacity in India, industry sources said. "Samsung is working to invest Rs 500 crore in its mobile production facility in India. It had approached government in this regard to...
  • BHEL to invest Rs 500 crore in Maharashtra May 14, 2013

    New Delhi: State-run BHEL on Tuesday said it will invest Rs 500 crore for setting up a manufacturing facility at Bhandara in Maharashtra. "BHEL is setting up a new Power Equipment Fabrication Plant at Bhandara in Maharashtra. The greenfield unit is being set up by the company at an initial...
  • Building collapse: Pressure on retailers to fix factories May 4, 2013

    Dhaka: In the aftermath of a building collapse that killed more than 500 people, Bangladesh's garment manufacturers may face a choice of reform or perish. Home to five factories that supplied clothing to retailers in Europe and the United States, the shoddily constructed building's collapse has put a focus on...
  • Samsung to start manufacturing Galaxy S4 in India soon April 29, 2013

    New Delhi: Samsung India today said it will soon start manufacturing its flagship high-end smartphone Galaxy S4 in India. "We are planning to start manufacturing of S4 soon at our Noida facility," Samsung Mobile and Digital Imaging Country Head Vineet Taneja told PTI. He, however, refused to share any time...
  • 'India's manufacturing growth at 16-month low in March' April 1, 2013

    New Delhi: India's manufacturing sector witnessed the slowest rate of expansion in 16 months in March as power outages hampered production activity and decline in new business orders, an HSBC survey said on Monday. The HSBC India Manufacturing Purchasing Managers' Index (PMI) - a measure of factory production - stood...
  • Economy to grow at 5 per cent in 2012-13 February 7, 2013

    Mumbai: India's gross domestic product (GDP) is estimated to grow an annual 5 per cent in the 2012-13 fiscal year, a government statement said on Thursday, citing provisional estimates. The latest estimate is the worst of all growth projections issued by the government and the RBI. Last month, the RBI...
  • Court orders winding up of Dunlop India January 31, 2013

    Kolkata: The Calcutta High Court on Thursday ordered winding up of tyre manufacturing company Dunlop India Limited, which had set up its first factory at Sahaganj near here in 1936. Justice Sanjib Banerjee, while ordering the winding up of Dunlop India, directed the official liquidator to take immediate possession of...
  • India to emerge as manufacturing hub: Anand Sharma January 28, 2013

    Agra: The Indian government has taken a number of measures and effectively put in place "single-window clearance" mechanism to make the country a manufacturing hub in the next 10 years, Commerce and Industry Minister Anand Sharma said on Sunday. "We have effectively put in place the single-window mechanism. Land issue has...
  • British handbag firm under fire over low Indian wages January 20, 2013

    London: British designer handbag manufacturer, Modalu, has come under fire for outsourcing work to an Indian firm that pays extremely low wages to some of its workers. The Hampshire-based firm is best known for designer handbags used by British celebrities such as Pippa Middleton, Prince William's sister-in-law. British newspaper Daily Mail...
  • November 2012 industrial output contracts 0.1 per cent January 11, 2013

    New Delhi: India's industrial output shrank in November after a spurt the previous month, denting hopes of a recovery in economic growth and strengthening the case for an interest rate cut later this month. The index of industrial production fell 0.1 per cent annually in November, data released by the...
  • Signs of growth in emerging markets: HSBC survey January 10, 2013

    London: Emerging markets ended 2012 with a modest acceleration in economic growth thanks to a pick-up in manufacturing activity that hints at further improvement in coming months, a survey found on January 10. All four big BRIC economies posted a rise in economic activity in the last quarter of 2012,...
  • China's Great Wall Motor may enter India December 10, 2012

    Mumbai/New Delhi: Great Wall Motor Co is in talks to open a plant in India, a move that would make it the first Chinese carmaker to operate in the country without a partner. "They are meeting industry. They are meeting government. They are meeting suppliers," Vishnu Mathur, director general of...
  • Economic growth expected to slow down further: Experts November 30, 2012

    There are more concerns on the economic front as quarter 2 GDP dipped to 5.3 per cent from 5.5 per cent in the first quarter. ...
  • Moody's says India's rating outlook is stable November 27, 2012

    Moody's said on Tuesday that the outlook on its Baa3 rating for India is stable, in part due to the country's high savings and investment rates, as debate rages in Delhi over whether the country can avoid credit downgrades from other rating agencies. In its annual credit analysis on India, which...