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Mahindra Auto reports a 17% growth in May 2024
The Mahindra Group enjoys a leadership position in farm equipment, utility vehicles, information technology and financial services in India and is the world’s largest tractor company by volume; a strong presence in renewable energy, agriculture, logistics, hospitality and real estate.Read more
Havells India to invest Rs 10 billion in FY25; US & production expansion
Currently, the brand is focusing on emerging channels such as modern format retail or regional retail (MFR/RR), CPC/CSD canteens, e-commerce, and quick commerceRead more
Klüber Lubrication to invest Rs. 1.42 billion for expansion in India
Klüber Lubrication, a global supplier of speciality lubricants, offering high-end tribological solutions, expands to boost domestic production, supporting GOI’s ‘Make in India’ initiative.Read more
BPE installs 19 500kVA UPS systems at Foxconn's iPhone manufacturing plant
Expanding its global reach, BPE has recently supplied UPS systems to Singapore Airport, 120KVA to Grasshopper Singapore, 20 units of 200kVA to Indonesia's Power System Department, and various universities in Malaysia.Read more
India needs 115 million manufacturing and service jobs by 2030; Natixis SA
India faces the challenge of creating 115 million jobs by 2030 to accommodate both underutilised existing labour and the incoming workforce, as reported by a source. Read more
L&T to own 100% of LTSSHF; to buy NPCIL stake
A delay in equity infusion by the promoters, led to the net worth of LTSSHF to fall to negative Rs 25.73 billion as of March 31, 2023.Read more
Welspun World appoints G R Arun Kumar as Group CFO
Renowned for its technological and operational excellence, Welspun Group holds a leadership position in Line Pipes & Home Textiles sectors globally, catering to major Fortune 100 companies.Read more
Jindal Aluminium produces 115,920 MT of aluminium extruded products in FY23-24
Operating three cutting-edge manufacturing plants located in Bengaluru, Dabaspet (Karnataka), and a newly acquired facility in Bhiwadi (Rajasthan), Jindal Aluminium boasts a total manufacturing capacity of 2.35 lakh tonnes per annum. Read more
Siemens Limited declares CAPEX of over Rs 10 billion
The company's Smart Infrastructure Business is set to boost its factory presence in Goa with an investment of Rs 3.33 billion, marking the largest investment by Siemens in the state. Read more
Siemens Limited declares 19% increase in revenue; 74% higher PAT in Q2 FY24
Revenue of Rs 52.48 billion was seen as a 19% increase over the same quarter in the preceding year.Read more