manufacturing
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Technology News
Apple Expands in India: iPhone Exports to Surpass $10 Billion This Year
Apple is rapidly expanding its manufacturing presence in India, with iPhone exports from the country rising by nearly a third in value over the past six months, reaching $6 billion. By the end of this fiscal year, India’s iPhone exports are projected to exceed $10 billion. This expansion supports Apple’s strategy to reduce reliance on China by leveraging India’s subsidies,…
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USA
Boeing Faces First Strike in 16 Years as Over 30,000 Workers Demand Higher Wages Amid Mounting Financial Woes
Washington, DC, USA: Over 30,000 Boeing manufacturing workers went on strike on Friday, marking the company’s first labor stoppage in 16 years. The strike adds to Boeing’s already mounting troubles, including a $60 billion debt burden and persistent safety concerns. Boeing’s stock took a hit, reaching a near two-year low as Fitch Ratings warned of a potential downgrade in the…
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USA
Rahul Gandhi in USA: Calls for a Manufacturing Revival in India to Combat Unemployment
Washington: During visit to the University of Texas in Dallas, Rahul Gandhi, the Leader of Opposition in the Lok Sabha, highlighted the pressing issue of unemployment facing India and the West, contrasting it with China’s stronghold on global production. Gandhi emphasized that India possesses ample skilled labor and could effectively compete with China by refocusing its efforts on manufacturing. Addressing…
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Business
Karnataka inks MoU with Tata Group for First of Its Kind R&D Facility in India
Bengaluru: The Government of Karnataka and Tata Group companies of Air India and Tata Advanced Systems Limited (TASL) signed an MoU (memorandum of understanding) on Monday for an investment of Rs 2,300 Crore which is estimated to create about 1,650 direct employments. The agreement was signed in the presence of Siddaramaiah and Large and Medium Industries Minister MB Patil at…
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World News
China Witnesses Threefold Increase in Labour Protests, Reports Show
Labour protests in China have surged, particularly in the lead-up to the Lunar New Year, escalating threefold in the fourth quarter of 2023 compared to the same period in 2022, according to data from Freedom House’s China Dissent Monitor. The monitor recorded 777 labour protests from September to December 2023, compared to 245 in the corresponding period of the previous…
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Business
“India’s GDP soars with 7.6% growth: Discover the driving force behind the fastest-growing major economy”
India’s economy experienced a 7.6% growth in the September quarter of this fiscal , largely due to better performance in manufacturing, mining, and services sectors. The GDP expanded by 6.2% in the July-September quarter of 2022-23, making India the fastest-growing major economy. The agriculture sector’s GVA growth decelerated to 1.2% in the September 2023 quarter, while the construction sector saw…
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Money
Axis Mutual Fund Introduces Manufacturing Fund
Axis Mutual Fund unveiled its latest offering on Wednesday – the ‘Axis India Manufacturing Fund.’ Scheduled to kick off on December 1, 2023, and run until December 15, 2023, the open-ended equity scheme is set to be benchmarked against the Nifty India Manufacturing TRI. The fund’s primary objective is to achieve long-term capital appreciation by strategically investing in companies operating…
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