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DAC approves Rs 1.45 trillion defence orders; to boost PSUs
In FY24, the government granted Acceptance of Necessity (AoN) to proposals totalling approximately Rs 3.61 trillion under various capital procurement categories, aligning with the Defence Acquisition Procedure (DAP) 2020 to promote domestic manufacturing.Read more
Sunkind to establish 1.5 GW solar module manufacturing plant by April 2025
The project is expected to generate employment for over 500 people, aligning with the goals of ‘Viksit Rajasthan’ and ‘Viksit Bharat’ by 2047.Read more
ZETWERK gets ARAI certification for Made in India 60kW & 120kW DC fast chargers
ZETWERK is currently engaged in R&D to expand its product offerings and is currently working on next-generation Super DC Chargers with capacities of 240kW and 360kW.Read more
KEC International wins new T&D orders of Rs 14.23 billion
The order is for the design, supply and installation of 380 kV transmission lines in Saudi Arabia.Read more
G&B launches Rs 1 billion AI-driven washing machine production facility in Pune
Located in Shirwal near Pune, the facility spans 100,000 sq. ft. and is set to add a capacity of 300,000 units annually.Read more
Over 1,300 units operational under PLI scheme; to generate jobs
Preliminary calculations suggest that the production of Rs 10 trillion under the PLI scheme should translate to incentives worth Rs 500 billion.Read more
SUV sales grew by 11% YoY for April- July 2024; New Auto
Hatchbacks, despite consistently accounting for 22% of annual traffic, have seen a decline in sales, indicating that while they remain popular in consumer searches, the conversion to actual sales is less efficient compared to the SUV segment.Read more
Indian tyre exports surge 17% in Q1 FY25; reach Rs 62.19 billion
In terms of export volumes, Passenger Car Radial (PCR) tyres led the category, followed by Motorcycle and Farm/Agri tyres in Q1 FY25. Read more
Global tech giants compete for Rs 100 billion AI tender
To qualify for bidding under the Request for Empanelment (RFE) guidelines, companies must either present a purchase order for 1,000 GPUs or prove they have a stock of 1,000 GPUs. Read more
GH2 Solar wins SECI tender for 105 MW electrolyser manufacturing
Scheduled for completion by 2030, the project is going to play a pivotal role in India's ambitions to produce 5 million metric tons of green hydrogen annually and achieve 280 GW of installed solar capacity. Read more