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Schaeffler to lay off 4,700 jobs amid challenges in Europe’s auto sector
Overall, the job cuts will affect around 3.1% of Schaeffler's workforce of 120,000, which increased after its merger with electric powertrain specialist Vitesco.Read more
RHI Magnesita is spearheading adaption of Industry 4.0: Parmod Sagar
In this interview with Rakesh Rao, Parmod Sagar, MD & CEO, RHI Magnesita India, explains the importance of refractories for the growth of India's economy and manufacturing sector.Read more
Balu Forge announces Q2FY25 results: PAT rises 106.9% YoY to Rs 481.4 million
The company is on the verge of commercialising the first phase of the new manufacturing campus and it will drive the next leg of growth.Read more
Lord’s Mark reports growth of 40.41% to Rs 4.22 billion in FY24
The company through its subsidiary has launched saliva-based technology for genome testing through its brand MyDNA. Read more
On a fast-track growth
On September 25, 2024, Make in India initiative completed 10 years. Lauding the country’s achievements in manufacturing, Prime Minister Narendra Modi, in a LinkedIn post, described the initiative as a roaring success that has transformed India from a nation reliant on imports to an emerging manufacturing hub. Read more
Altem Technologies appoints Shamsundar Naik as new Vice President of sales
In his previous roles besides several strong engagements in the manufacturing and engineering services sector, Shamsundar has also significantly influenced the academic sector, championing the shift from traditional engineering tools to cutting-edge 3D CAD software at prominent technical universities. Read more
R&D fuels development of new robotic solutions: Satish Shukla
In this interview with Rakesh Rao, Satish Shukla, Co-founder of Addverb, highlights the importance of human-robot collaboration to deliver unique automation solutions for the factories of the future.Read more
JSW Group confirms Rs 400 billion EV project will stay in Odisha
The original plan involved setting up an EV vehicle and component manufacturing plant in Naraj, Cuttack district, and a copper smelter and lithium refinery in Paradip, Jagatsinghpur district.Read more
“India is on track to reach 450 GW of installed renewable energy capacity by 2030”
Overall, we believe India is poised to create a favourable landscape for investment and innovation within the solar industry. Read more
Aurobindo to acquire remaining 49% stake in GLS Pharma for Rs 225 million
Aurobindo initially acquired a 51% stake in GLS Pharma from promoters Suresh Pathak and his family on June 17, 2022.Read more