Apple looking to start production in India

According to a recent report by an international news agency, global handset major Apple is looking to start production in India. The company had similar plans in 2017 but could not succeed as the government did not agree to its demand of duty exemption and a relaxation in the mandatory clause of 30 percent local sourcing of components. But considering the decline in its global iPhone shipments, the company is now toying with the option of assembling its handsets at a Foxconn plant in Tamil Nadu. The company has witnessed…

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No deadline for implementation of e-commerce policy

Even as the government has tightened the noose on the functioning of leading e-commerce platforms in the country and is further evaluating the proposition of bringing in place a dedicated e-commerce policy, it is not looking at a specific timeline for its implementation. In a written reply made in the Rajya Sabha recently, the Minister of State of Commerce and Industry, C. R. Chaudhary maintained that the government is evaluating the recommendations made by the task force to draft a national e-commerce policy. The task force, set up early last…

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AP Moller- Maersk revamps Asia-Europe network

A.P. Moller – Maersk has announced changes to its services connecting Asia and Europe to improve schedule reliability, enabling stable and reliable cargo deliveries to its customers on the world’s most comprehensive Asia-Europe Network. As part of the exercise, Maersk will enable extra operational buffer time from a net reduction of eight (8) port calls in the network. The reductions will be achieved with minimal impact to product offerings – through combining duplicate calls and competitive transshipment options. Further, a total of six (6) extra vessels will be added across…

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Commercial Vehicles sales growth slips to single digit trajectory

According to a recent report by leading research firm Ind-Ra, the sales growth of commercial vehicles declined to single digit trajectory in November. “In November 2018, CV sales volume increased at a 12-month low of 6% yoy due to a sales volume drop of 11% yoy in MHCVs, though the impact was partly offset by a modest 17% yoy growth in LCVs. Delayed purchases owing to weak customer sentiment, rising borrowing costs and increased fuel prices translated into modest sales growth. Sales were hit by lower credit availability owing to…

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Bullish trends expected in cotton trade

World cotton trade is likely to rise for the third consecutive season in 2018/19 – reaching its highest level in 6 years – thanks to growing demand from mills in non-producing countries like Bangladesh and Vietnam and a rebound in China’s cotton spinning. According to latest estimates from US Department of Agriculture (USDA) global cotton trade likely to rise nearly 2 per cent in 2018-19 season. World trade is seen at 41.7 million bales in 2018/19 – 700000 bales above last season – but still 4.7 million bales below the…

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Stable outlook for construction business

The increase in the government spending on infrastructure projects has resulted in robust order inflow for the construction companies and the trend is expected to continue in the new year. This is the major takeaway of the recently released year end assessment report by the credit rating and research agency ICRA. “The construction companies are likely to witness significant opportunities from the railways, ports, urban infrastructure and airport segments. In the Railways segment, besides the core railway capex (doubling, new lines, signalling, electrification, etc), the station redevelopment, and the recently…

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