Page 6 - Supply Chain

Govt imposes fine on US firm over delays in delivery of Tejas Mk1 engines

Initially, GE Aerospace was expected to begin engine deliveries in March 2023 to support HAL's production of Tejas Mk1. However, the first batch of engines is now anticipated to arrive by April 2025

How India is pursuing self-sufficiency in the semicon chip value chain

Many countries are vying to build resilient semiconductor supply chains amid rising chip import prices

We want to be a top 25 company globally: TVS Supply Chain Solutions MD

'We are not getting even a dollar from the price increase due to Red Sea crisis'

Buyers hope no disruption in Canadian lentil, potash supplies, say experts

Ties between India & Canada deteriorated sharply after New Delhi and Ottawa ordered 6 diplomats to leave in tit-for-tat moves over Ottawa's allegations that New Delhi was targeting Indian dissidents

There is real rise of India's ability to serve the world in goods: BCG

BCG discusses decarbonisation, impact from West Asia tensions and the geo-political concerns and preparedness of Indian and global corporates

Demand-supply mismatch a sign of imbalance: Sebi WTM Ananth Narayan

Low risk, high returns can create complacency; market not a one-way street, warns Ananth Narayan

Ex-Amazon executive's startup Auger raises $100 mn for supply chain

Auger will provide a software-as-a-service platform which uses an artificial intelligence operating system along with automation to provide real-time data

India emerging as destination for most evolved supply chain: P&G India CEO

India is emerging as a destination for the "most evolved supply chain capabilities" which not only enables product availability but also caters to evolving shopper needs, Procter & Gamble India CEO Kumar Venkatasubramanian said on Monday. Digital advancements are catalysts in shaping this supply chain of the future, by not only optimising costs but also ensuring seamless data flows, predictability, reduced carbon footprint, and best service. With digital transformation, e-commerce and quick commerce, markets have grown and companies such as P&G are investing in developing a deep understanding of the unique consumer behaviour, Venkatasubramanian added. "By learning and understanding our consumers, enabled by the power of digital transformation, we will be able to stimulate performance and unleash results. I think the opportunity has never been greater than this. The playing field has never been greener than this," he said. In his keynote address at an event organised by ...

Lebanon's exploding pagers expose unseen flaws in global supply chains

According to reports, Hezbollah had started to use pagers and walkie-talkies around February 2024, suspecting that Israeli security agencies were monitoring cell phone networks

Goyal delivers keynote on 'India's Evolving Manufacturing Landscape' in US

Goyal discussed how historic reforms, diversification, and localised supply chains are transforming India into a global manufacturing powerhouse

India, US may sign pact on critical minerals to bolster trade ties

The initial pact on critical minerals would help build supply chains, exchange technical know-how, and promote collaboration between Indian and American businesses in the sector

Tamil Nadu's auto manufacturing sector faces severe climate risks: CII

The risk assessment was carried out as part of CII's new framework, 'Building Climate Resilience for Indian Industry', which aims to help businesses identify and address climate-related threats

Next meeting of IPEF's Supply Chain Council in Dec: Commerce ministry

The next meeting of the Supply Chain Council, set up under an agreement of the 14-member IPEF, will be held in December, the commerce ministry said on Monday. The IPEF (Indo-Pacific Economic Framework for Prosperity) bloc was launched jointly by the US and other partner countries of the Indo-Pacific region on May 23, 2022, in Tokyo. Together, they account for 40 per cent of the world's economic output and 28 per cent of trade. The framework is structured around four pillars relating to trade, supply chains, clean economy and fair economy. India has joined all the pillars except the trade. Australia, Brunei Darussalam, Fiji, India, Indonesia, Japan, the Republic of Korea, Malaysia, New Zealand, Philippines, Singapore, Thailand, the US, and Vietnam are members of the bloc. The Supply Chain Resilience Agreement came into effect on February 24. It seeks to strengthen supply chains through engagement among the partner countries. Under this agreement, three institutional bodies have be

Tata Power to scale up internal renewable energy component supply chain

Plans to manufacture key parts rather than buying them

Regulatory, supply chain challenges affecting growth of medtech sector

Industry also faces shortages of component suppliers and talent, particularly in research and development

Supply chain and talent woes pose challenges to Indian semicon industry

India's nascent semiconductor industry is also facing challenges in attracting talent back to the country after undergoing training abroad

Expect strong demand, occupancy in Q3, Q4 after subdued 1st qtr: EIH Ltd

Hospitality major EIH Ltd expects strong demand and occupancy in the third and fourth quarters of this fiscal after witnessing moderation in the April-June period due to elections and heatwave, according to its Managing Director and CEO Vikram Oberoi. The impact of this year's general elections on demand was higher compared to the previous elections, he told analysts. "Really, as a function of supply and demand, we had the election this year and I think at least our analysis shows that when compared to previous elections, which we looked over the previous election, we looked at the impact on this election has been more than in the previous election. We looked at the last election as well," Oberoi said. Besides, he said in many cities in Rajasthan where the company has leisure hotels and in Agra, temperatures have been extremely high this summer. "We still remain optimistic that foreign travel is bouncing back. And with strong Indian demand from the domestic market for luxury hotels

TVS SCS wins 3-year contract from manufacturing firm JCB for Vadodara unit

JCB has been one of TVS SCS's first few clients for more than two decades, with TVS SCS offering aftermarket warehouse services in Bhaproda, Haryana, for parts distribution

TVS Supply Q1 results: Net profit at Rs 7.5 cr on strong topline growth

TVS Supply Chain Solutions Ltd has recorded a a consolidated profit after tax for the April-June 2024 quarter at Rs 7.5 crore driven by strong topline growth in Integrated Supply Chain Solutions and Network Solution verticals, a top official said. The city-based company part of the TVS Mobility Group had registered a net loss of Rs 5.4 crore during the corresponding quarter of last year. Commenting on the financial performance Managing Director Ravi Viswanathan said, "We had a strong first quarter, driven by topline growth in both our ISCS (Integrated Supply Chain Solutions) and NS (Network Solutions) segments. The ISCS segment continues to lead our performance supported by significant volume improvements in the NS segment." Revenue during the quarter under review grew by 4.7 per cent to Rs 2,539.4 crore from Rs 2,426.3 crore registered a year ago. Continued growth momentum in Integrated Supply Chain Solutions and improved macro-economic situation in Network Solution businesses hel

Union Budget 2024: Logistics and supply chain sector set to surge

The Budget's commitment to infrastructure development is evident in its substantial allocation of Rs 11.11 trillion for capital expenditure, amounting to 3.4 per cent of GDP