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TVS Supply settles dispute with ZTE, withdraws insolvency plea in NCLAT
TVS Supply Chain settles debt dispute with ZTE Telecom India, withdraws NCLAT appeal after NCLT had earlier rejected its insolvency plea over a disputed ₹4.27 crore claim
West Asia War: India could limit sulphur exports as supplies tighten, sources say
West Asia War: India may soon limit its sulphur exports. Industry groups have raised alarms about rising prices and supply chain issues. This move could further impact global sulphur costs. Middle Eastern supplies are already strained by regional conflicts. China will also restrict sulphuric acid exports next month. India relies heavily on imports for its sulphur needs.
Volvo Car India to recalibrate prices by up to Rs 1 lakh from May 1
In a move reflecting global economic trends, Volvo Car will implement a price increase of up to Rs 1 lakh for its vehicles in India effective May 1. The company cites international supply chain disruptions and currency variations as driving factors. If the economic climate doesn't improve, further hikes could follow.
Allcargo Logistics strengthening supply chain frameworks for FMCG players
Allcargo Logistics is enhancing supply chains for FMCG companies. This involves optimizing networks, integrating technology, and planning transportation. The goal is to manage increasingly complex inventory flows. FMCG companies are expanding product lines and facing evolving consumer demands. This leads to smaller shipments and more frequent deliveries. Allcargo Logistics offers solutions for better visibility and efficiency.
US market outlook stable; India to gain from supply chain shift: Oppenheimer Asset Management
John Stoltzfus, MD and Chief Investment Strategist, Oppenheimer Asset Management, said that over the medium term, diversification of global supply chains and sectoral strengths in technology, healthcare, and manufacturing are expected to support growth across regions, including a potential recovery in India’s relative performance.
PLI 2.0 calls ring louder: India eyes 35% global mobile output; $130 billion production
India's electronics sector is set to significantly boost global mobile phone production. A new production-linked incentive scheme aims to achieve 30-35% of worldwide output by 2031. This ambitious plan targets substantial manufacturing and export growth. The initiative seeks to strengthen India's supply chain and manufacturing ecosystem.
European alcoholic drinks companies seek India tariff relief as shortages of cans, bottles loom
Indian liquor firms are grappling with rising costs for glass bottles and cans. Supply chain disruptions, linked to the Iran war, are causing shortages. Local manufacturers struggle to meet demand. Companies are seeking government relief, including import duty exemptions, to avoid further price hikes and potential stockouts. This situation impacts India's growing alcohol market.
Industry seeks duty relief on key chemicals amid supply disruptions
Indian industry bodies are urging the government to temporarily suspend anti-dumping duties on key chemical feedstocks. This move aims to ease supply chain disruptions caused by the West Asia crisis. The proposals focus on protecting MSMEs and ensuring the availability of essential raw materials for packaging and consumer goods. Reductions in import duties are also sought to manage rising costs.
Aluminium MSMEs In 'Survival Mode' As West Asia Crisis Hits Supply Chain, Says ALEMAI; Flags Cost Surge
Rising input costs, especially for aluminium scrap, have further eroded competitiveness.
Zuckerberg's Meta reportedly pauses work with Mercor after $10 billion Silicon Valley startup confirms security breach
The breach that affected Mercor was linked to a 'supply-chain' attack on the open-source tool LiteLLM, which is used by millions of developers to connect their apps with AI services. The attack was linked to a hacking group called TeamPCP, while another group, Lapsus$, also claimed responsibility.
Maruti, Tata Motors, M&M, Bajaj Auto: CLSA decodes strategy for auto stocks
If the current geopolitical situation persists that results in supply chain disruptions and firm commodity prices, CLSA expects 30-40 per cent cuts to auto sector's FY27 earnings.
Nestlé India expands Munch production at Sanand factory
Nestlé India is expanding its Munch production. A new line at the Sanand facility in Gujarat will boost output by 8,300 tons annually. This project, costing Rs 225 crore, is set for completion by FY 2025-26. The investment supports Nestlé's plan to increase capacity and meet rising consumer demand. This strengthens their confectionery supply chain.