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Indian defense firms secure global rankings amidst rising arms demand
The Stockholm International Peace Research Institute (SIPRI) recently published a report, disclosing that HAL, BEL, and MDL, all Indian defense PSUs, secured positions among the top 100 arms-producing companies.Read more
Apple's expansion gains momentum with increased investments, stores, manufacturing initiatives
Reports indicate that the Sriperumbudur factory on the outskirts of Chennai is now actively involved in assembling the iPhone 15, which launched and went on sale in September.Read more
ArcelorMittal Nippon Steel India invests Rs 100 cr in scrap centres to boost sustainability
Company is poised to establish three dedicated scrap-processing centres in Gujarat and Maharashtra, as leading steel companies in India anticipate challenges in meeting their scrap requirements through imports.Read more
HFCL secures Rs 67 cr order for optical fiber cables, also expands capacities
Scheduled for completion by April 2024, the order entails HFCL delivering various types of optical fiber cables tailored to meet the customer's specifications.Read more
HCCB breaks ground for Rs 1,387 cr greenfield factory in Maharashtra
The ground-breaking ceremony saw the participation of Maharashtra Chief Minister Eknath Shinde, State Industries Minister Uday Samant, HCCB Chief Executive Officer Juan Pablo Rodriguez, and other senior leaders from the company.Read more
DPIIT, Ministries & FIRST Construction Council to discuss sustainability with cement industry captains at Cement EXPO 2023 on Dec 14-15
Join DPIIT, Ministries & industry leaders at Cement EXPO 2023 on Dec 14-15 for sustainability talksRead more
PLI scheme: Need for a course correction
The Government of India is reportedly planning to ease some norms for five sectors (textiles, pharmaceuticals, drones, solar and food processing) to help them better utlise the fund under its Production-linked Incentive (PLI) scheme.Read more
Bonfiglioli Transmissions inaugurates 100 cr assembly facility in Pune
Spanning 42,500 square meters, the facility, which became operational on November 29, boasts advanced technology and real-time smart assembly processes within an environmentally sustainable and employee-friendly setting.Read more
EXCON 2023 likely to attract over 1200 exhibitors across the world
EXCON, South Asia's largest exhibition for construction equipment, organised by the Confederation of Indian Industry CII, is scheduled to be held from December 12 to 16 at the Bangalore International Exhibition Centre in Bengaluru.Read more
Govt mulls Rs 12,000 cr incentive for domestic mining equipment manufacturing
A high-level committee, led by the director (technical) of Coal India (CIL), has proposed a five-year incentive program to stimulate domestic manufacturing.Read more