J Srikant Trailing the revenue trajectory of the auto industry, the auto component industry too recorded its first revenue de-growth in over a decade, falling by 2.1% in the financial year 2013-14. Auto Component Manufacturers Association (ACMA) today reported that the component industry has recorded a revenue of Rs 2,11,700 crore in FY 2013-14 as compared to Rs 2,16,000[Read More…]
The much awaited Union Budget of the newly-elected government was tabled in the Parliament this morning. Though there was big bang announcement the Budget has attempted to address several issues including some raised by the auto industry. The major announcement is the increasing the FDI limit in insurance and defence from 26% to 49%. As the government has already announced[Read More…]
India is struggling to increase its GDP by a few decimal points, but it can be shocking to know that 3% of the GDP eroded in corrosion every year, said Dr Baldev Raj, President – Research, PSG Institutions. The quantum of loss on account of corrosion is equal to the revenue contributed by the Indian Railways to the exchequer. Delivering[Read More…]
The Indian Forging Industry has always been a major growth driver of the Indian manufacturing sector and is one of the important industries for the success of automobile, power sector and general engineering in the country. The Association of Indian Forging Industry (AIFI) is the umbrella organization of the forging Industry in India with more than 250 members across India.[Read More…]
Ending the long wait by the industry, the Election Commission today announced the dates for the 16th Lok Sabha elections. India will go to polls in nine phases starting from April 7th and ending on May 12th. Chief Election Commissioner V S Sampath announced polling will take place on April 7, 9, 10, 12, 17, 24, 30, May 7 and[Read More…]
