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India’s factory output quickens due to boost in manufacturing

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New Delhi: An uptick in manufacturing pushed up India’s factory output to 4.1 percent in April, against 2.1 percent in the month before.

Further, among the six sectoral indices, capital goods expanded by 11.1 percent, as per official data released Friday.

The factory output had grown at a slower pace of 2.1 percent in March from 5 percent in February. The factory output had stood at 3.7 percent in April, 2014.

According to the Central Statistics Office (CSO) which released the data on the Index of Industrial Production (IIP), the healthy growth in the factory output for April was attributed to an uptick in the manufacturing sector.

The manufacturing sector, which has the maximum weightage in the IIP, grew by 5.1 percent in the month under review from 2.2 percent in March.

For the other two major sub-indices of the IIP, the CSO data showed that the index for the mining sector inched by 0.6 percent against 0.9 percent in March, while that for electricity segment was down 0.5 percent in April, against a growth of 2 percent in the month before.

The three sub-indices of the IIP namely manufacturing, mining and electricity, had registered a growth of 3 percent, 1.7 percent and 11.9 percent in April, 2014 respectively.

Friday’s data also showed that among the six use-based classifications of the index, the output of capital goods expanded by 11.1 percent. The capital goods segment is a key indicator of economic activity.

While consumer non-durables, intermediate goods, consumer goods and basic goods also came out with healthy performance. These sectors grew by 4.4 percent, 3.3 percent, 3.1 percent and 2.8 percent respectively.

The consumer durables segment expanded by just 1.3 percent in April.

Overall, 16 out of the 22 industry groups in the manufacturing sector have shown positive growth during the month under review.

Segment-wise, growth was witnessed in plastic moulding machinery (266.4 percent), aluminium conductor (92 percent), cashew karnels (52.4 percent), vitamins (48.3 percent), boilers (40.3 percent), air conditioner (34.4 percent), copper products (33.4 percent), tea (33.2 percent), carbon steel (32.5 percent), block board (26.3 percent), three-wheelers (24 percent) and sugar (22.9 percent).

Segment-wise, high negative growth was reported in cigarettes (- 52.8 percent), grinding wheels (- 46.5 percent), computers (- 46.4 percent), telephone instruments including mobile phones and accessories(-43 percent), cement machinery (- 38.9 percent), tractors (- 35.2 percent), aviation turbine fuel (- 29.3 percent) and aerated waters, soft drinks (- 23.5 percent). (IANS)

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Samsung Unveils its Latest Processor For Mid-ranged Smartphones in India

The processor is currently in mass production and is expected to soon be part of Samsung's next mid-ranged smartphone

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Samsung on Monday announced its latest processor for mid-ranged smartphones — Exynos 7 Series 7904 — with enhanced multimedia support and high-end features, customized especially for India.

The processor delivers fast octa-core performance required for nimble web browsing, quick app launching and smooth multitasking while consuming less power, the company said in a statement.

“Exynos 7 Series 7904 will enable advanced mobile experiences in a broader range of devices with triple-camera support, powerful performance and connectivity,” said Rajeev Sethi, Senior Director and Head of sales and marketing, device solutions, Samsung India.

Built on a 14nm process, the processor is equipped with two Cortex-A73 cores that run at 1.8GHz and six Cortex-A53 cores at 1.6 GHz.

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Samsung.

“With-A73 as a ‘big-core’ Exynos 7904 delivers fast single-core performance and the embedded LTE modem supports Cat.12 3-carrier aggregation (CA) for 600Mbps downlink speed,” the company added.

The image signal processor (ISP) of Exynos 7 Series 7904 features single-camera resolution of up to 32MP and an advanced triple-camera setup.

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Additionlly, it also comes with support for faster Full High Definition (FHD) at 120 frames-per-second (fps) or Ultra High Definition (UHD) at 30fps of video playback along wth FHD+ display for vivid mobile entertainment, the company said.

The processor is currently in mass production and is expected to soon be part of Samsung’s next mid-ranged smartphone. (IANS)