Online grocery to become $18bn industry in India by 2024: Report

As companies from Reliance to Amazon put their top dollar in serving daily grocery at your doorstep, a new report said on Friday that online grocery is going to be the next battleground for growth, expanding to over $18 billion by 2024.

India’s Taxpayers, FPI, Offshore Investors Promised Relief: Parliament Passes New Bill

The Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Bill, 2020 extends compliance deadlines and promises tax relief to key groups.

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Corporate India Cautiously Optimistic in July-September Quarter: CII Business Outlook Survey

India Inc. expect the restart of business operations post lockdown to improve overall capacity utilization but profitability will suffer due to low demand.

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After IT, Telangana Wants to be India’s Electric Vehicles Hub

Telangana's new electric vehicle policy will mobilize greater investment into EV component manufacturing and developing energy storage solutions.

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45% imported smartphone components came from China in FY20

As the government pushes for self reliance in the mobile phone and electronics industry with the clarion call for 'Atmanirbhar Bharat', data shows that over 45 per cent imports of smartphone components in the last financial year (FY 2019-20) came from China.

Manufacturing Toys in India: Recent Developments to Support Domestic Capacity

Several policies rolled out this year support the capacity for manufacturing toys in India, including import hikes, QC checks, and setting up SEZs and hubs.

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Tamil Nadu Announces Electronics Manufacturing Policy: What are the Incentives?

Through incentives rolled out in its latest manufacturing policy, Tamil Nadu wants to raise production output to US$100 billion by 2025.

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India’s Electric Vehicles Market: Delhi EV Policy Offers Subsidies, Other Incentives

The Delhi Electric Vehicles Policy, 2020 will be valid for a period of three years and offers a range of incentives to promote widespread adoption and facilitate demand.

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Air India not to go ahead with recruitment exercise of trainee pilots

Air India has decided not to go ahead with the recruitment exercise of trainee pilots due to the bleak scenario in the aviation industry and the critical financial condition of the company.

Tile players' turnover likely to decline 15-25% in FY21: ICRA

The Covid-19 pandemic has exacerbated weakness in the domestic tile demand, following the negative impact on its end-consumer industry, the real estate sector, ratings agency ICRA said on Monday.

Auto industry eagerly awaits GST reduction: Maruti Suzuki's MD & CEO

Pandemic Covid-19 battered auto industry awaits GST rate reduction and scrappage scheme announcement to tide over these testing times said Kenichi Ayukawa, MD & CEO, Maruti Suzuki India.

Medical Devices in India: Key Considerations for Foreign Investors, Importers

India is pushing for greater local production capacity and movement up the value chain in its medical device industry by improving incentives, regulation.

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'Auto component players to see revenue, margins go down in FY21'

Auto component manufacturers are expected to suffer about 15-18 per cent decline in their revenues in FY21 and an average of 100 basis points (bps) in their EBITDA due to sharp contraction in demand over what the industry experienced during FY20, said Brickwork Ratings in a report released on Thursday