Tag Archives: Industry

Auto Industry Disappointed With Additional Cess On Larger Cars, SUVs

The Indian auto industry is disappointed with the Union Cabinet’s decision for an ordinance to increase the Goods and Service Tax (GST) cess on mid-range, large cars and SUVs from the current 15 per cent right now to 25 per cent. The government ordinance will need to be cleared by the President, but looks like the 25 per cent tax ... Read More »

A German bike company could turn the entire industry on its head

No industry has been entirely immune from the disruption brought on by online shopping. But so far, the high-end bicycle business has mostly remained in brick-and-mortar bike shops. This week, however, an anticipated direct-to-consumer bike brand from Germany called Canyon comes to the U.S., a move that may have a marked effect on the industry. The main players in the bike ... Read More »

China’s used cars put a dent in global industry

Traffic in Taiyuan, China. The country’s used car market is poised for growth, meaning fewer sales of new cars for foreign manufacturers © Bloomberg China’s car market has been key to the recovery in global auto sales growth since 2009, as the chart below shows. Its passenger car sales in the first half of each year have risen threefold between ... Read More »

GST Rate on Used Cars: Creating An Unintended Challenge for the Automotive Industry

Watching the proceedings in the central hall of the Parliament last night, one couldn’t help but feel the significance of the moment. We saw history in the making, no doubt, and a strong signal to the world that Indian reforms are well on their way. A transformation of this scale and scope is undoubtedly complex and will also be accompanied ... Read More »

Apple Officials Said to Have Met Commerce and Industry Minister Nirmala Sitharaman

Senior officials of the US-based iPhone maker Apple on Tuesday called upon Commerce and Industry Minister Nirmala Sitharaman. The meeting assumes significance as the technology giant is seeking concessions like duty exemptions to set up its manufacturing unit in India. “The meeting lasted for 40 minutes. There were three officials from the company, including the company’s Global Vice President Priya ... Read More »

Top 5 Happenings In The Indian Automotive Industry In 2016

It’s been quite an eventful year for the automotive industry in India. When asked how 2016 has been for the industry at the recent CarandBike Awards 2017 ceremony, the reactions of each and every one was unanimous when they said, “It was a mixed bag”. It’s true though, because though the sales of both two and four-wheelers have seen a ... Read More »

Nokia Sues Apple for Infringing Patents, Industry Back on War Footing

Nokia Corp said on Wednesday it had filed a number of lawsuits against Apple Inc for violating 32 technology patents, striking back at the iPhone maker’s legal action targeting the one-time cellphone industry leader a day earlier. Nokia’s lawsuits, filed in courts in Dusseldorf, Mannheim and Munich, Germany, and the US District Court for the Eastern District of Texas, cover ... Read More »

Hotel Industry Warns Tourism To Suffer At 18% GST On Rooms

Mumbai: The Hotel and Restaurant Association of Western India (HRAWI) on Monday said the government’s four-tier structure in Good and Services Tax (GST), in which the service sector will be taxed at 18 per cent, will cause the tourism sector a major setback. In the recently-concluded meet on GST, the government has declared a four-tier structure of 5, 12, 18 ... Read More »

iPhone Spyware Puts Spotlight on Israel’s Secretive Surveillance Industry

The discovery of sophisticated spyware to infiltrate and remotely take control of iPhones without leaving a trace has put a spotlight on Israel’s secretive surveillance industry, considered among the world’s most advanced. Apple rushed out a security update last week after researchers said a prominent Emirati rights activist was targeted by “Pegasus” spyware attributed to Israeli firm NSO Group, based ... Read More »

Amazon is right for Cinema industry, Says Cannes festival Director

The Cannes movie competition is partially opening the door for streaming video giants this year, permitting Amazon to make its debut at the Croisette whilst leaving Netflix out of its 69th annual consultation. pageant director Thierry Fremaux says Amazon’s presence is good news due to the fact its SVOD (streaming video on call for) service releases its movies in cinemas ... Read More »