Manufacturing

  • Manufacturing PMI rises to highest since March 2013 03-02-2014 12:27 PM

    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,...
  • Apple to open manufacturing plant in Arizona 05-11-2013 05:42 PM

    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...
  • Haunted house business gets boost as techs up thrill ante 19-10-2013 05:30 PM

    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...
  • Maruti Suzuki September sales up 11.7 per cent 01-10-2013 04:00 PM

    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...
  • Rupee fall causes an increase in the prices of gadgets 30-08-2013 10:41 AM

    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 23-08-2013 02:59 AM

    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...
  • Industrial output contracts 2.2 per cent in June 12-08-2013 06:07 PM

    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,...
  • Paints and coatings firm Azko Nobel to open new manufacturing unit near Gwalior 09-08-2013 02:42 PM

    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 19-07-2013 07:17 AM

    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 30-06-2013 09:02 PM

    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...
  • Samsung plans Rs 500 crore investment to ramp up mobile production 30-06-2013 02:52 PM

    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 14-05-2013 12:49 PM

    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 04-05-2013 01:51 AM

    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 29-04-2013 10:40 AM

    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...
  • Court orders winding up of Dunlop India 31-01-2013 05:35 PM

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  • Economic growth expected to slow down further: Experts 30-11-2012 11:40 PM

    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. ...
  • September IIP slips to -0.4 per cent, douse hopes of revival 12-11-2012 11:21 AM

    New Delhi: Despite hopes that industrial slowdown may have bottomed, the September IIP number slipped to a negative 0.4 per cent, disappointing the market that immediately slipped into the red. The street had been expecting a positive number of over 3 per cent based on core sector growth. However, Capital...
  • Maintain growth at 8-8.5 per cent: PM 23-10-2012 09:45 PM

    New Delhi: Faced with difficult government finances, Prime Minister Manmohan Singh on Tuesday asked cash-rich 25 central PSUs to invest their surplus fund of Rs 2.5 lakh crore to reignite economic growth. In a meeting convened by the Prime Minister and also attended by Finance Minister P Chidambaram, the top...
  • 'Nokia's Chennai workers get poor salaries' 19-09-2011 09:34 AM

    New Delhi: Mobile handset manufacturer Nokia has come in for adverse notice, with an independent research report saying employees at its manufacturing plant in Chennai are being paid low salaries, a contention rejected by the Finnish major. The observation is part of the report prepared by 'Finnwatch', which is aimed...
  • Car sales down 16 per cent in July 10-08-2011 11:30 AM

    New Delhi: Car sales in India fell 15.8 percent in July, an industry body said, as higher interest rates, rising fuel prices and vehicle costs crimped demand in the world's second-fastest growing major auto market. Indian automakers sold 133,747 cars in July, according to data from the Society of Indian...