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RECESSIONARY TRENDS IN EUROPE
Auto components industry to grow 10-15 percent in FY24: ACMAThe domestic components industry stands to gain from the manufacturing of components for internal combustion engines (ICE) moving to India ...
Inflationary fears won’t impact tech spends: IBM’s PatelIBM India and South Asia managing director Sandip Patel, on being asked whether annual tech spends by clients would be impacted next year d...
Exporters run into rough weather as US, Europe demand dries upMany exporters say their factories are running at 25-50% capacity or have reduced the number of shifts to one from three earlier due to mut...
Global apparel companies seek better rates as rupee fallsThe impending recessionary pressure in the US and Europe are forcing global brands to negotiate hard with Indian exporters, who have now st...
Power markets prefer renewable energy amid falling demand: Moody's"Coal generation has continued to decline, while renewables have shown more resilience across major markets in the US, Europe, China and In...
Kochi bets big on cruise tourismAs Kochi becomes a major attraction for cruise tourism, the Kochi port is gearing up to meet the arrival of big liners.
Coffee exports slip on recession trendPersisting recessionary trends and sliding global prices have hit Indian coffee exports, which are down 10% till November this fiscal year.
Surat Diamantiares sigh relief as polished diamond prices up by 5 pcDiamantiares in Surat have heaved a sigh of relief as prices of polished diamonds have started stabilising ahead of the Diwali.
- Tirupur exporters cut output 10-15%
Lower textile shipments to the US and European nations have forced the Tirupur export units to cut down production by 10-15% and reduce the...
- PM returns home after attending IBSA Summit in South Africa
Singh, who left the capital on Monday for Pretoria, held bilateral talks with South African President Jacob Zuma and Brazilian President Di...
- Don't be complacent, IT Secretary tells industry
The govt told the export-driven IT industry not to be complacent, given the "rigorous turmoil" in key markets of the US and Europe.
- Take steps to prevent recession: Prime Minister Manmohan Singh tells Europe, rich nations
Manmohan Singh today asked Europe and other advanced economies to take "effective and early steps" to prevent the global economy from slipp...
- Govt may consider tax sops to IT companies post-DTC: Kapil Sibal
The govt may consider giving sops to IT companies in the country after the DTC comes into effect, Kapil Sibal said today.
- India to mull tax sops for IT firms: Kapil Sibal
India will consider giving tax sops for information technology companies after the direct tax bill comes into affect, Kapil Sibal said on F...
- Global recession will not have big impact on Indian IT: Nasscom
The domestic mkt has been growing fast in the last 2 yrs. Indian software & service providers can tap emerging markets like Russia & Brazil.
- Slowdown: IT execs marriages on hold
While on one hand it is has spelt job loss fear, on the other hand, the parents of brides-to-be are no longer in search of IT grooms for th...
- US slowdown may dent IT exports by 3-4%: NASSCOM
Recessionary trends in the US, which is Indian IT/ITeS industry’s principal market, may lead to a lowering in pace of growth of software ex...