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General Motors lays off over 1,000 software and services employees globally
The reduction primarily targets teams which oversees vehicle infotainment, OnStar services, and GM's Super Cruise advanced driver-assist system. Read more
Birla Opus targets Rs 100 billion turnover with expanded manufacturing
These facilities will produce a diverse range of paint products, including innovative offerings not yet available in their portfolio.Read more
DEE Development’s total income rises by 18% YoY, reaching Rs 1.88 million
he total order book as of June 30 2024, stands at Rs 8.03 billion. Read more
Euler Motors unveils Rs 1 billion EV factory in Haryana; to supply 36,000 EVs
The plant features advanced automation technologies, including an EMS Hanger system for efficient vehicle handling, Trailing Arm Fitment Assist for improved assembly, and a vacuum-based brake oil filling machine to reduce spillage.Read more
Tata Systems to secure 100 wheeled armored vehicles order for from Indian a\Army
A Request for Information (RFI) may be issued soon, marking an initial step to gather details from potential suppliers before a formal Request for Proposal (RFP) is released.Read more
Texmaco Rail reports 183% surge in Q1 net profit to Rs 357.3 million
In a strategic move, Texmaco Rail announced plans to acquire Jindal Rail Infrastructure for approximately Rs 6.15 billion.Read more
Amazon India partners with Gentari to deploy 10,000 EVs by 2025
By the end of 2023, Amazon India had already deployed over 7,200 EVs and is on track to meet its target of 10,000 EVs by 2025.Read more
Only 12% of green hydrogen projects have binding purchase agreements
Many deals are nonbinding and may fall through if buyers withdraw.Read more
Global youth unemployment hits 15-year low of 13% in 2023: ILO
The rate is projected to decline further to 12.8% in the coming years.Read more
Indian Railways cancels tender for 100 Vande Bharat trains
Despite being the lowest bidder when the tender was opened on May 30, 2023, Alstom's bid did not meet the revised price expectations.Read more