The manufacturing sector contracted 20.6 percent in March, against a growth of 3.2 percent a month ago.
It is essential that the production of essential goods continues because if not, with the current pandemic, we will also have a shortage of essential commodities, even malnutrition.
Allocated under the Coal Mines (Special Provision) Act, 2015, these mines will increase coal production by more than 10 MT (million tonnes) per annum and boost the coking coal production in the country.
As per the PMI parlance, a print below 50 denotes contraction while a score above it means expansion.
Speculations on the possibility of phasing out India’s cheapest car were last rife in June 2018, when its sales hit a life-time low of just three units, and one unit was produced in that month.
Both consumption goods production and capex are contracting.
India’s final sugar output is much higher than expected. A problem of plenty is likely to affect sugar mills unless the government steps in
Moneycontrol auto expert Swaraj Baggonkar talks to Himadri Buch about the impact Maruti Suzuki's decision will have on the car industry.
Here's a roundup of the key happenings in the commodities market, with a deep dive into some of the most active counters
Here's a roundup of key updates in commodities market.
"The Make in India push by our Prime Minister has also given Khadi the right kind of attention," he said.
Krishna Maruti in Gurugram had to stop his production for two days in August due to extreme weather conditions and the consequent water-logging
Due to scanty rainfall and snow during the winters, apple production is likely to drop significantly this year and was expected to be around 98-lakh boxes.
The Facebook television will apparently be displayed outside of a person’s traditional news feed in a new video section
Consumer goods majors Hindustan Unilever, and Procter and Gamble, among others are rejigging production strategies or firming up product prices to balance out the likely impact on taxes from GST.
India's iron ore production is likely to have increased by 28 per cent to 200 million tonnes during the 2016-17 fiscal, a top official said today.
The company's FY 2016-17 production and sales was over 4.8 million tonne.
Chinese politicians, on Wednesday, have asked for 100 million tonnes of sub-standard steel capacity to be cut. Earlier, the country had decided on a 50 million tonne capacity cut.
Sugar stocks are rallying on the back of low production output of the commodity. Vijay Banka of Dwarikesh Sugar Industries says that prices of the sweetener is reasonable and there is enough stock in the system.
ICRA expects the domestic sugar prices to remain firm in the near term, given the deficit situation in the domestic and international markets. This, coupled with moderate cane price increase seen for the current sugar year across most states, augurs well for profitability in the near-term, ICRA said.
State-run Coal India today said its board will next month consider payment of interim dividend for the ongoing fiscal.
The government today made it mandatory for stent makers to maintain production and supply of coronary stents by invoking an emergency clause under drug price control law citing reports of shortage in market.
The country's steel production and consumption is likely to remain higher in 2017-18 from 89.79 MT of crude steel during 2015-16 backed by an increase in infrastructure allocation in the Budget, a report said.
The government is likely to divest between 5 to 10 percent in Coal India by August, reports the Economic Times today. The move could bring down the government‘s stake in the company to roughly 69 percent from 79.78 percent and add Rs 20,000 crore to its divestment earnings.
For more than half a century, the Ambassador was the most recognized car of the country becoming the stately carriage of the prime minister and cab-drivers alike.