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The Dollar Business Bureau  Germany’s industrial output had unexpectedly declined in June - for the first time this year, a data by German Ministry of Economic Affairs revealed on Monday. However, the industrial production increased overall in the second quarter of this year. The production fell by 1.1% in June after increasing 1.2% in May, the data showed. But production in factories and construction companies in Germany was 1.8% higher in the period April-June compared to the previous quarter. The Ministry said the upward trend would continue as indicated from the order levels and favourable business climate. “As unexpected as today's drop in industrial production has been, the German economy is still on track to post another strong quarter,” Carsten Brzeski, an economist with ING ...

The Dollar Business Bureau  Germany’s industrial output had unexpectedly declined in June - for the first time this year, a data by German Ministry of Economic Affairs revealed on Monday. However, the industrial production increased overall in the second quarter of this year. The production fell by 1.1% in June after increasing 1.2% in May, the data showed. But production in factories and construction companies in Germany was 1.8% higher in the period April-June compared to the previous quarter. The Ministry said the upward trend would continue as indicated from the order levels and favourable business climate. “As unexpected as today's drop in industrial production has been, the German economy is still on track to post another strong quarter,” Carsten Brzeski, an economist with ING ...

The Dollar Business Bureau Kanu Group of Companies re-launched the three iconic German brands Hacker Kitchen, HOlsta and Rolf Benz at their exclusive store at Mahipalpur, Delhi. Dr. Corinna Fricke, Head of the Economic Section of the German Embassy and Mr.Oliver Bialowons,Managing Director,HOlsta inaugurated the store. Hacker offers 100% customized modular kitchens for every segment-ranging from low-end to mid-segment and top-end. Managing Director, HOlsta inaugurated the store.  Kanu Kitchen Kuiture Pvt. Ltd. was launched in 2004 by Capt. Mukesh Kumar. In the year of its inception, Kanu Kitchen had introduced Hacker Kitchen Gmbh & Co.Kg.­ Germany's Modular kitchen brand since 1898. Kanu Kitchen Kuiture has been successful in extending the presence of Hacker from Delhi and Mumbai to ten other cities including Ludhiana, Jaipur, Ahmedabad, ...

The Dollar Business Bureau After failing to get the required approval from the regulatory body to take out the device designed to trick pollution tests, German car manufacturer Volkswagen (VW) on Monday said the company was delaying the recall of millions of vehicles all over the world. According to reports, the company had planned to recall the brand’s Passats model in early March. However, the vehicles are still in the checking process at the Federal Motor Transport Authority (KBA). The Authority is not yet fully satisfied with few measures and needs some more information. But the car maker was hoping that the approval for recalling the vehicles would come in a few weeks. The company has still not been able to obtain an ...

Source: PTI India and Germany on Monday agreed to enhance ties in key areas of defence manufacturing, trade, intelligence and clean energy during wide-ranging talks between Prime Minister Narendra Modi and German Chancellor Angela Merkel in New Delhi after which 18 MoUs were inked. Describing the talks as “very good”, both the leaders expressed hope that their discussions will pave the way for more robust partnership between the two countries in strategic areas. “We see Germany as a natural partner in achieving our vision of India's economic transformation. German strengths and India's priorities are aligned. “Our focus tends to be on economic ties. But, I believe that in a world of seamless challenges and opportunities, India and Germany can also be strong partners ...