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Coal India’s production, shipments rise to a record

Bloomberg Coal India Ltd.’s sales and output in March rose to the highest on record as the world’s biggest coal miner rushed to meet its annual production target, a goal that it missed for at least the sixth consecutive year. Output rose 9 percent from a year earlier to 72.3 million tons of coal in March, while shipments rose 5.5 ...

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India plans new duties on smartphone components

Bloomberg India is said to be considering new duties on the import of a key smartphone component in a bid to promote domestic manufacturing in the world’s fastest-growing smartphone market. India’s Ministry of Electronics and Information Technology has mooted a proposal to impose a 10 percent duty on imports of populated printed circuit boards, Reuters reports, citing two unidentified government ...

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China cuts taxes for chipmakers to promote industry development

Bloomberg China said it cut taxes for semiconductor makers, lending new support for the pivotal industry just as US President Donald Trump weighs tariffs on the sector amid rising trade tensions. The new rules cover a broad swath of semiconductor companies. They will be exempt from corporate income taxes for up to five years starting from January 1, the Finance ...

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