As the low base effect slowly wears off, industrial production in India expanded by 11.5 percent year-on-year (YoY) in July, down from 13.6 percent in June. Measured by the Index of commercial Production (IIP), data which was released by the Centre on September 10, industrial output has maintained significant growth from March, 2021, aided by a unbroken low base […]
Ford Motor to close manufacturing plants in India after $2 billion loss
American auto major Ford Motor Company on September 9 said it’s “forced” to finish manufacturing operations in India and shut plants at Sanand and Chennai, thanks to “huge accumulated losses and lack of growth during a difficult market”. Ford will wind down the manufacturing of auto for exports in Sanand, Gujarat by the fourth quarter of 2021 and vehicle and engine manufacturing in Chennai by the second […]
In Battle With Amazon For Future Group, Reliance Scores In Supreme
In a major relief to Future Group, the Supreme Court on Thursday halted seizure of assets owned by Future Coupons, Future Retail and Future Group promoter Kishore Biyani. A single judge bench of the Delhi supreme court had ordered the attachment of assets in March. It had directed the longer term group firms and promoters to file their affidavits […]