Auto Sector Urges US Congress to Help Fund Its Computer Chip Needs

Chip Shortage: Auto Sector Urges US Congress to Help Fund Semiconductor Production

The US auto industry and United Auto Workers union on Friday urged Congress to tie billions of dollars in government funding to boost semiconductor production to help fill the needs of automakers forced to slash production because of chip shortages. Congress “should prioritise production of the semiconductors necessary to assemble vehicles here in the United States. … Read more

India Reaches Out to US Companies Over Investment in Pharmaceutical, Medical Devices Sector

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India has reached out to top American pharma companies seeking investment in the country’s pharmaceutical and medical devices sector, which gains urgency in view of a devastating second wave of the coronavirus pandemic. India’s Ambassador to the US Taranjit Singh Sandhu has held virtual meetings with Alberta Bourla, the CEO of Pfizer, Thermo Fisher CEO … Read more

India reaches out to US companies over investment in pharmaceutical, medical devices sector | India News – Times of India

India reaches out to US companies over investment in pharmaceutical, medical devices sector | India News - Times of India

WASHINGTON: India has reached out to top American pharma companies seeking investment in the country’s pharmaceutical and medical devices sector, which gains urgency in view of a devastating second wave of the coronavirus pandemic. India’s Ambassador to the US Taranjit Singh Sandhu has held virtual meetings with Alberta Bourla, the CEO of Pfizer, Thermo Fisher … Read more

Core sector output rises 6.8% in March – Times of India

Core sector output rises 6.8% in March - Times of India

NEW DELHI: Output in the eight key infrastructure sectors rose to a 32-month high in March, helped by last year’s low base and double-digit growth in steel, cement, electricity and natural gas segments. But the surge in Covid infections is likely to hurt industrial recovery as more states impose local lockdowns. Data released by the … Read more

Need Field Hospitals, Take Help From Us, Private Sector: Centre To States

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Coronavirus: Centre has asked states to consider setting up field hospitals (AFP) New Delhi: The centre has asked states to consider setting up field hospitals with help from government research agencies or the private sector as the country prepares for a fresh round of COVID-19 vaccination from May 1. Those above 18 can get vaccinated … Read more

Govt may hike FDI limit in pension sector to 74%; Bill likely in monsoon session – Times of India

Govt may hike FDI limit in pension sector to 74%; Bill likely in monsoon session - Times of India

NEW DELHI: The government may hike foreign direct investment (FDI) limit in the pension sector to 74 per cent and a Bill in this regard is expected to come in the next Parliament session, according to sources. Last month, Parliament approved a Bill to increase FDI limit in the insurance sector from 49 per cent … Read more

E-commerce to accelerate auto sector growth: Report – Times of India

E-commerce to accelerate auto sector growth: Report - Times of India

NEW DELHI: Strong acceptance of e-commerce and digitisation is expected to accelerate the growth of auto sector, advisory firm Grant Thornton Bharat said. Accordingly, the automobile market is estimated to grow more than ‘2.3 times’ from $222 billion currently to $512 billion by 2026. Notably, the analysis by Allied Market Research, Market Line, Reserve Bank … Read more

Hospitality Industry Calls Latest Covid-19 Curbs in Maha Death Knell For Sector

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Members of hospitality industry decided to hold a silent protest outside all hotels and restaurants across Maharashtra against the Uddhav Thackeray-led government’s directive to shut all outlets selling non-essential commodities and services till April 30 amid rise in COVID-19 cases. This comes at a time when the traders’ body, Chamber of Associations of Maharashtra Industry … Read more

Service sector activities ease in March on Covid woes: Survey – Times of India

Service sector activities ease in March on Covid woes: Survey - Times of India

NEW DELHI: India’s services sector activities eased in March as growth was hit by the detrimental impact of the coronavirus pandemic and input costs remained elevated, a monthly survey said on Wednesday. The seasonally-adjusted India Services Business Activity Index fell from 55.3 in February to 54.6 in March. Though the rates of expansion softened, it … Read more

News18 Daybreak | Maha Hospitality Sector, Traders’ Body Back Lockdown Decision But Demand Waivers, Delhi’s Records Over 4,000 Covid-19 Cases

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An Almost Lockdown in Maharashtra: Full List of What’s Allowed And What Isn’t The  Maharashtra Cabinet, which met today amid an unprecedented rise in Covid-19 cases in both Mumbai and across the state to discuss the possibility of a lockdown, may have decided against it but the authorities have put severe restrictions in place that … Read more

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