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Navi Mumbai Airport notified as port for import of drugs under Drugs Rules
Navi Mumbai Airport has been designated as a port for drug imports, a decision that boosts the pharmaceutical supply chain and simplifies trade activities. Following the amendment to Drugs Rules, 1945, the total number of notified ports has increased to 42. This initiative is aimed at facilitating efficient movement of pharmaceutical goods and enhancing regulatory oversight, showcasing the government's dedication to improving trade dynamics.
India emerging as a major beneficiary of ongoing realignment of global supply chains, says ASSOCHAM study
India is rapidly strengthening its position as one of the world's leading manufacturing destinations and is emerging as a major beneficiary of the ongoing realignment of global supply chains, according to a new ASSOCHAM study titled "Global Manufacturing Undergoing Strategic Realignment: India Emerges as a Key Beneficiary of Supply Chain Diversification." The study highlights that the post-pandemic world has fundamentally reshaped global manufacturing dynamics. While China remains the world's largest manufacturing economy, new manufacturing investments and production capacity are increasingly being distributed across multiple economies as global firms adopt China+1, nearshoring and friendshoring strategies to build resilient and diversified supply chains.
Swiggy shares jump 7% as foreign ownership falls below 50%. What this means quick commerce giant?
Swiggy shares rallied sharply on Tuesday after foreign ownership fell below 50%, taking the company closer to qualifying as an Indian-owned and controlled company. While no immediate operational changes follow, the milestone could eventually allow Instamart to own inventory directly, boosting margins and improving supply chain efficiency.
Adani's Kutch Copper secures LME registration for 'Adani Copper' Grade A cathodes
Kutch Copper Ltd has achieved London Metal Exchange registration for its copper cathodes. This approval allows 'Adani Copper' to be delivered against LME copper futures contracts. The certification validates Kutch Copper's manufacturing excellence and responsible sourcing practices. This milestone strengthens India's role in the global refined copper supply chain. Adani Copper cathodes will be eligible for issuance against LME contracts from July 10.
India's semiconductor push faces execution challenges, over 90% chip equipment still imported: Report
While India is building domestic capabilities in chip fabrication, packaging and testing, execution remains its biggest challenge due to heavy dependence on imported equipment and supply chain gaps, according to a report by Equirus Securities.
India's Semicon 2.0: Government expands incentives for semiconductor ecosystem beyond fabrication
India is finalizing Semicon 2.0, expanding incentives beyond chip fabrication. This new phase will support the entire semiconductor value chain. It will also strengthen incentives for chip design startups and material suppliers. Building a domestic supply chain is central to India's semiconductor strategy. This initiative aims to reduce import dependence and enhance resilience.
Explained: Why SK Hynix's record $29 billion NASDAQ listing matters for the AI boom
SK Hynix's planned NASDAQ ADR sale is more than a record-breaking capital raise. It reflects the growing importance of high-bandwidth memory (HBM) chips, which have become essential for training and running artificial intelligence models. The US listing is expected to broaden the company's investor base, support future expansion and strengthen its position in the global AI supply chain. The move could also pave the way for more Asian semiconductor companies to tap US capital markets as AI infrastructure spending continues to accelerate.
15 vessels carrying urea, DAP and Sulphur cross Strait of Hormuz safely: Govt
India's fertilizer supply chain remains robust despite West Asian conflict, with most shipments safely navigating the Strait of Hormuz. The government's proactive planning, diversified import sources, and boosted domestic production have ensured uninterrupted availability for farmers.
JSW MG Motor to raise Windsor EV localisation above 70%, aims for double-digit growth
JSW MG Motor India aims to boost the localization of its popular Windsor EV to over 70% to mitigate supply chain issues. This strategic move supports the company's ambition for double-digit overall sales growth by 2026. The Windsor, a key growth driver, has achieved over 75,000 cumulative wholesales since its launch, demonstrating strong appeal to Indian car buyers across various markets.
PS5 runs out faster on GTA VI rush amid demand to upgrade consoles
The highly anticipated Grand Theft Auto VI pre-orders have ignited a frenzy for PlayStation 5 consoles, with stock vanishing rapidly. Retailers report PS5s selling out within days, driven by the game's exclusive launch on current-gen consoles and Sony's strong marketing push. This surge, impacting all sales channels, shows the immense gamer demand clashing with ongoing supply chain issues.
Strict Milk Safety Norms In Maharashtra; FDA To Slap Rs 10 Lakh Fine On Violations
According to Mundhe, all phases of the milk supply chain are covered by the new regulations.
Hitachi Energy Confident Of 'Level Playing Field' As Govt Allows Select Chinese Firms In Power Bids
Commenting on the decision, Venu said it reflects the realities of India's rapidly expanding renewable energy ecosystem and the supply chain disruptions witnessed in recent years.