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EV Battery prices drop 10% in August amidst dampened demand
As reported by market research firm TrendForce, the average price drop for cells used in EV batteries reached 10%, underscoring a lackluster growth trend in the EV battery market.Read more
Tabreed to invest $200 mn in Cooling Infra partnership with Telangana govt
The state government also signed a MoU with Tabreed to explore district cooling infrastructure in existing and upcoming commercial districts of Cyberabad near here and other mixed use development areas.Read more
Ashok Leyland aims for Global Top 10 CV Status and Net Zero by 2048
The company's growth strategy hinges on expanding into global markets and making a robust entry into the electric vehicle (EV) segment.Read more
The “Top 100 Performers” of engineering sector
According to the International Monetary Fund (IMF), India is poised to remain a significant contributor to the global economy, accounting for approximately 15 per of global economic growth in CY 2023.Read more
Anant Raj to invest Rs 10,000 crore in 300 MW Data Centre Project
To oversee the operations of these data centres situated in Manesar, Rai, and Panchkula in Haryana, Anant Raj has established a subsidiary named "Anant Raj Cloud."Read more
PFC provides Rs 1,229 Cr loan for Assam methanol and formalin plants
The Power Finance Corporation (PFC), a government-owned entity, entered into an agreement to extend a term loan of Rs 1,229 crore to Assam Petrochemicals. The loan agreement between PFC and Assam Petrochemicals Ltd (APL) was formalized on September 4, 2023.Read more
ICRA Reports: Regulatory changes may raise commercial vehicle prices by 10-12%
ICRA emphasized that the commercial vehicle (CV) sector within the Indian automotive industry is of particular concern, as it contributes significantly to vehicular emissions in the country.Read more
ITC to invest Rs 1,500 cr in food and packaging facilities in Madhya Pradesh
Spanning across nearly 57 acres of land, these two projects are expected to provide a significant boost to the agricultural and manufacturing sectors within Madhya Pradesh, says company’s statement.Read more
Coal India achieves impressive 13.2% output surge in August 2023
From April to August 2023, the total coal off-take had increased by 8%, reaching 305.5 MT, in comparison to the 283.1 MT in the corresponding period of the previous year.Read more
Modulus Alternatives commits Rs 1.5 bn to Shivam Autotech in debut private credit fund investment
The investment is set to originate from the resources under the management of Modulus Alternatives, which includes their second fund, the India Credit Opportunities Fund II.Read more