India sees 16% jump in foreign tourist arrivals for medical care

There has been a 16 per cent growth in foreign tourist arrivals for medical treatments in 2017, the ministry of tourism informed the Parliament on Monday. Replying to a query in Lok Sabha, tourism minister KJ Alphons said foreign tourist arrivals in India on medical visa during 2016 and 2017 were estimated at 4,27,014 and 4,95,056, respectively, registering a positive growth of 15.9 per cent.

Israeli firm introduces digital irrigation solution in India

Israeli irrigation firm Netafim, global pioneer of drip-irrigation system, has introduced ‘NetBeat,’ a technology solution to help Indian farmers grow more food with fewer resources.

In a country where water table is depleting rapidly and becoming scarce, it combines real-time data from the field with dynamic crop models to personalise irrigation programmes.

NASA may provide Terahertz devices for Shukrayaan-1

The National Aeronautics and Space Administration (NASA) may provide Indian Space Research Organisation (ISRO) with Terahertz devices for its Shukrayaan-1, the proposed orbiter to Venus, a senior NASA scientist indicated in Kolkata.

Samsung to shut mobile phone plant in China’s Tianjin

Samsung Electronics will cease operations at one of its mobile phone manufacturing plants in China, the company said, as its sales in the world’s biggest smartphone market slumps amid rising competition from lower-cost local rivals.

Jio to create separate fibre, tower companies

Telecom operator Reliance Jio Infocomm on Tuesday said its board has approved schemes to spin off the company's fibre and tower assets to separate entities. “The board of directors of the company, at its meeting held today, accorded its approval to a scheme of arrangement for transfer of its fibre undertaking, on a going concern basis, to a separate company,” Jio said in a regulatory filing on ‘restructuring/ reorganisation proposals.’

Industry watchers concerned about fast MFI growth in eastern region

The micro finance sector in the eastern states of India has recorded fastest growth in the past two years, transforming the region from one with least share of NBFC MFI loans to one with the highest share. While the overall parameters remain superior in the region, the industry has concerns about the fast growth.  

G&J exports to US to grow 10-15% this year

Better GDP growth, employment rate and consumption expenditure in the US is expected to support 10 to 15 per cent growth in gems and jewellery exports to the market this year against a flat growth last year. This might also help India’s overall gems and jewellery exports arrest the declining trend.

Continental to start production at Pune factory in 2020

German technology company Continental is setting up a factory in Pune with an initial investment of Rs 180 crore to manufacture premium surface materials for the automotive industry in 2020.

The €44 billion company will supply premium interior decorative materials such as the acella eco artificial leather to luxury carmakers like Mercedes-Benz, BMW, Audi, Volvo and mass car makers such as Maruti Suzuki, Tata Motors and Mahindra and Mahindra, among others, in the country.

Nov auto sales decelerate on low consumer sentiment

The Indian automotive industry is facing a slowdown despite overtaking Germany this year to become the world’s fourth biggest automobile market.

After the lacklustre festive season and softening of sales in October, it is bad news for passenger as well as commercial vehicle manufacturers in Asia’s third biggest economy.

HCL’s IBM deal puts focus on other IT firms’ moves

HCL Technologies’ announcement of the big fat acquisition of $1.8 billion (Rs 12,700 crore) IBM software products, the largest purchase by an Indian IT services company till date, shifts focus on reserves and surplus of other top Indian information and technology (IT) companies. As on September 30, 2018, HCL Tech had huge reserves and surplus on their books, which, so far, has mostly been used for share buybacks.