With the fresh capital, CityMall plans to expand deeper into existing geographies, foray into adjacent markets, strengthen its supply chain network and invest in private labels and brand partnerships. CityMall, the Gurugram-based value e-commerce startup, has raised $47 million in its Series D round led by Accel. The round also saw participation from existing backers, […]
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With greater emphasis on collaboration between humans and intelligent machines, workers need to be proficient in emerging technologies like artificial intelligence, robotics, data analytics, cybersecurity and the Internet of Things. We need to position ourselves as a global hub of brainpower, skills, world-class platforms and products; only then will we be able to accelerate the […]
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Manufacturing accounts for around 17% of India’s gross domestic product. With frontloading of production to complete the pre-50% tariff exports, Purchasing Managers Index (PMI) for manufacturing sector rose to 59.3 in August as against 59.1 of July, S&P Global reported on Monday. Good news is that fresh job creation rose for 18 successive months, though pace was slow. The […]
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Taxpayers with undisclosed foreign assets worth up to ₹20 lakhs, excluding property, will not face penalty or prosecution under revised Black Money Act rules. The Income Tax Department has relaxed provisions under the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 (BMA). Individuals with small-value foreign assets will not face […]
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Despite US-India trade tensions under Trump, tech giants like Meta, Amazon, Apple, Microsoft and Google remain strongly committed to India. These firms have collectively hired over 30,000 new employees from India in the past year, marking the most significant 12-month hiring growth in India for these tech giants in the last three years. Based on […]
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American consumer spending saw a rise in July, driven by income growth despite high prices. Globally, economic landscapes are shifting. Germany faced rising inflation, while France grappled with political instability. China aimed for increased public welfare spending. South Korea’s consumer confidence hit a seven-year high. Indian exporters sought Government support amid US tariffs. Bloomberg-US consumer […]
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This article is authored by Vijay Gurav, industrial engineer expert and author of ‘Modern Industrial Engineering and Factory Assembly Line Systems’. Manufacturing’s next leap will not be won by adding more gadgets to the shopfloor but by orchestrating flow with scientific discipline. The factories that thrive will treat production as a living system governed by […]
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The main challenges for GCCs in tier 2 and 3 cities are the limited talent pool, inadequate higher education institutions, infrastructure bottlenecks and connectivity issues. Global Capability Centers (GCCs) continue to mushroom in India’s tier-1 cities, but their expansion into tier 2 and 3 locations—once hailed as the next big hubs—is progressing slowly due to […]
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India’s specialty fertilizer sector anticipates new supply issues. China plans to reinstate export restrictions starting in October. This could lead to price increases for farmers. Rajiv Chakraborty of the Soluble Fertilizer Industry Association (SFIA) shared this. Companies are trying to secure supplies before the restrictions begin. Indigenous supplies might help later. India heavily relies on […]
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Indian steelmakers are requesting a minimum import price from the Government as current safeguard duties prove insufficient amidst falling global prices. Industry executives report that hot rolled coils are trading significantly lower than expected, impacting profit margins. Analysts suggest a balanced approach, considering consumer prices and anticipating stable raw material costs and subdued global demand. […]
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