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India's engineering exports declines for fourth straight month in September

Wednesday, November 13, 2019, 5:00 PM

A clearly visible global slowdown is biting Indian engineering exports, suffering setbacks in almost all the major destinations, including the US, European Union, Middle East, South Asia or even CIS countries with September shipments conceding fourth straight monthly decline and fifth in fiscal 2019-20, according to EEPC India. Following the broader merchandise trend, engineering exports from India witnessed 6.11% decline during September 2019.
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Xiaomi reports record sales in offline trade

Wednesday, November 13, 2019, 4:59 PM

Chinese-smartphone major Xiaomi India may continue its scorching pace of growth in the crucial October-December quarter with the brand reporting high growth even in brick-and-mortar stores on back of record sales it posted in e-commerce. As-per-a-latest-communication sent by Xiaomi India's director Sunil Baby to offline-trade, the companys overall offline-business grew by 70% during this year festive season as compared to same period last year.
 
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Supreme Court strikes down rules in amended Finance Act 2017 on tribunals

Wednesday, November 13, 2019, 4:58 PM

In a major setback for the central government, the Supreme Court on Wednesday passed an interim order that said the appointments to tribunals shall be on the basis of existing statutes and not the rules framed under the Finance Act of 2017. The Ministry of law has also been asked to conduct an impact study and submit report to the apex court.

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