Commerce and Industry

News: Home appliance major Bosch, is planning to spend Rs. 400 crores in its Chennai facility, which currently manufactures washing machines. Currently, front-loading washing machines are manufactured at the facility and it has a capacity to produce over 300,000 units a year, so the plan is to  utilise the entire plant to ...

News: Deflationary trends continued for the eighth month in a row in June with the wholesale price- inflation slipping to (-)2.4 per cent, largely due to cheaper vegetable and fuel prices. But the retail inflation for the same month rose to an 8-month high of 5.4 per cent. Overall wholesale inflation ...

News: Commerce Secretary Rita Teaotia said that the facility for online payment of application fees through credit or debit cards and other electronic fund transfers, will help in exporters and importers in terms of facilitating the country’s trade. Director General of Foreign Trade (DGFT) Pravir Kumar said that with the launch ...

News: The Union Steel & Mines Minister Narendra Singh said Indian steel industry is growing at a reasonably good pace and last year the growth in crude steel production in India was more than 8%. He added India is working towards achieving 300 million tonnes (MT) target in the next 10 ...

News: The government had issued 73 industrial licences to the defence sector since June 2014, against 50 such licences granted between 2011 and May 2014. These include 16 proposals with a proposed investment of Rs.613 crore, cleared at a licensing committee meeting chaired by the secretary of the Department of ...

News: The department of posts now delivers more than two lakh ecommerce parcels daily, double of what it used to be a year ago. Two years ago, the ecommerce revenue was below Rs 200 crore, and it was estimated to be about Rs 400-500 crore in the year ending March ...

News: The Railways on Friday signed an MoU with the Commerce and Industry Ministry for setting up Railway Design Centre at National Institute of Design(NID) campus in Ahmedabad. NID will design coaches, toilets, platform sheds, pantry cars, ladder for upper berths, lighting arrangements at stations and circulating areas to give ...

News The Ministry of Micro, Small & Medium Enterprises has notified a Framework for Revival and Rehabilitation of MSMEs, in exercise of the powers conferred under section 9 of the Micro, Small and Medium Enterprises Development Act, 2006. In India, the existing mechanism for addressing revival, rehabilitation and exit of ...

News In a big push for infrastructure development in Chhattisgarh, MoUs worth Rs 24,000 crore were signed at Dantewada in the presence of Prime Minister Narendra Modi. From railway lines to steel plants and pipelines, the MoUs are meant to enhance development of the state. List of MoU’s

News The Cabinet has approved a policy to supply natural gas at a uniform price to all urea plants, hoping to revive some defunct manufacturing units in eastern India and boost local output. It also approved budgetary support of nearly Rs 5,000 crore for strategic oil reserves and revival of ...