Mumbai, July 27 (IANS) Integrated chemical manufacturer Epigral Limited on Monday reported a 37.9 per cent decline in its consolidated net profit to Rs 99.7 crore for the first quarter of FY27, compared with Rs 160.7 crore in the corresponding quarter of the previous financial year (Q1 FY26).The company’s revenue from operations, however, increased 16.3 per cent year-on-year to Rs 705.4 crore during the April-June quarter, up from Rs 606.5 crore a year earlier, according to its stock exchange fi…
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New Delhi, July 25 (IANS) The India-UK free trade agreement (FTA) can help bilateral trade trajectory expand from $58 billion in 2025-26 to $115 billion by 2030, along with the possible creation of 7-10 lakh new employment opportunities, according to a new Assocham study.The India-UK FTA, which is now in force since July 15, 2026, is expected to expand business horizons via increased market access and create new employment opportunities for the young population, said the study by Assocham Global…
New Delhi, July 9 (IANS) The government has rolled out more customs duty relief to lower the cost of importing a wide range of components and capital goods used to produce electronic goods such as smartphones and lithium-ion battery manufacturing, in order to promote domestic production of finished products.The Central Board of Indirect Taxes and Customs (CBIC) has issued three separate notifications to roll out the customs duty waiver and expand the list of goods eligible for concessional duty….
Ahmedabad, July 3 (IANS) India’s semiconductor manufacturing push is set to take another step forward with the launch of commercial chip production at CG Semi’s Outsourced Semiconductor Assembly and Test (OSAT) facility in Sanand, Gujarat, on July 4.The project, approved by the Union Cabinet in February 2024 under the India Semiconductor Mission, has been developed by CG Semi Pvt. Ltd., a subsidiary of CG Power and Industrial Solutions Limited, with an investment of Rs 7,500 crore.The facility h…
New Delhi, July 3 (IANS) Japan has emerged as the largest contributor to India’s Global Capability Centre (GCC) ecosystem in the Asia Pacific (APAC) region, with over 100 centres already established, a report showed on Friday.These centres are rapidly evolving into strategic hubs for engineering, digital transformation and product innovation, spanning areas such as AI, embedded systems, cloud, advanced analytics and digital manufacturing, according to the Deloitte India report.Japanese enterpr…
Bengaluru, June 9 (IANS) India is projected to see average salary increments of 8.6 per cent to 10.2 per cent in FY27, underpinned by sustained demand for skilled and execution-focused talent, a report showed on Tuesday.TeamLease Services’ latest report highlights a stable yet differentiated salary outlook across industries this fiscal. High-growth industries are expected to register salary increments in the range of 9.6 per cent to 10.2 per cent, led by EV and EV Infrastructure, FinTech, Heal…
New Delhi, April 27 (IANS) The Confederation of Indian Industry (CII) on Monday said that New Zealand’s commitment to facilitate $20 billion in investment over 15 years is expected to catalyse the development of industrial infrastructure, manufacturing ecosystems, and innovation clusters across India.Hailing the signing of the India–New Zealand Free Trade Agreement (FTA), the apex industry chamber said that the FTA’s provision of 100 per cent duty-free access for Indian exports is expected…
Bengaluru, April 23 (IANS) Amid the complexity of designing US fire trucks that increases manifold because each US state has a unique fire code, global professional services company Vee Technologies’ engineering business has rolled out the design of its 3,000th fire truck this month, its was announced on Thursday.The Bengaluru and Atlanta-headquartered firm forayed into the challenging area of designing fire trucks for the US market a decade ago.The complexity of designing US fire trucks increas…
New Delhi, April 22 (IANS) The government will hold an Open House in the national capital on April 27 to discuss issues related to import of steel amid the global tensions.The Ministry of Steel said that companies and associations may present their issues related to above subjects in the Open House. “The Open House will be conducted from 11:00 am to 5:00 pm and specific time slots will be indicated via e-mail. Walk-ins will not be possible due to logistic challenges and only one representative…
New Delhi, Feb 18 (IANS) In conjunction with Qualcomm CEO Cristiano Amon’s participation in the ‘India AI Impact Summit’ here, the chip major on Wednesday announced plans to invest up to $150 million through Qualcomm Ventures to back Indian startups across all stages.The US-based company aims “to support India’s rapidly expanding technology and AI startup ecosystem, with a focus on AI for automotive, IoT, robotics and mobile,” it said in a statement.“Through our new Strategic AI Venture Fu…