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Rs 28 trillion MSME credit gap signals lending potential
As of March 2024, the total MSME lending market stood at Rs 35 trillion, and in FY2024 alone, credit to the sector expanded by 22%, driven by rising loan demand. Read more
India-UK FTA aligns with the country’s vision to achieve $ 2 trn exports: AIAI
Sectors expected to benefit from India-UK FTA include labour-intensive industries such as textiles, marine products, toys, gems and jewellery, engineering goods, automotive components, and organic chemicals, etc, according to All India Association of Industries (AIAI).Read more
Survey: Export orders drive manufacturing activity to 10-month high
The HSBC India Manufacturing Purchasing Managers' Index (PMI) edged up slightly from 58.1 in March to 58.2 in April, marking the sharpest improvement in the sector’s health in ten months. Read more
Praj Industries and thyssenkrupp Uhde to offer polylactic acid production technology
Polylactic acid (PLA), as a sustainable alternative to conventional plastics, holds significant potential in advancing a circular bioeconomy. Read more
Mahindra to acquire 58.96% stake in SML Isuzu for Rs 5.55 billion
M&M would also launch a mandatory open offer for acquisition of up to 26% stake from eligible public shareholders of SML in accordance with the SEBI Takeover Regulations.Read more
Abb India’s Nelamangala campus achieves Mission to Zero™ status
ABB Nelamangala location, which delivers electrification motion, robotic and automation solutions for a variety of industries, is ABB’s second Mission to Zero™ site in India. Mission to Zero™ is part of ABB’s global sustainability journey to deliver net-zero emissions and more sustainable operations at all facilities.Read more
Nibrus Technologies launches GNSS surveying SurveyPod for enhanced accuracy
SurveyPod is perfect for professionals from various industries who are into land surveying, precision agriculture, mining, and construction and require industry-leading accuracy, reliability, and versatility, making it a perfect solution for surveying.Read more
Tridiagonal Solutions launches Knowledge Accelerator for Agentic AI at Hannover
Tridiagonal Solutions’ Knowledge Accelerator enabled companies to harness agentic AI approach that surpassed traditional AI by supporting autonomous decision-making, adaptive learning, and self-optimisation across industrial operations.Read more
Smart metering in India needs acceleration: CareEdge
The government’s smart metering initiative presents a $20-25 billion opportunity and is backed by an estimated investment of Rs 1.25 trillion, comprising Rs 950 million in debt and 25% equity. Read more
Accenture and Siemens launch group to transform engineering and manufacturing
The new business group will bring together 7,000 professionals with expertise in manufacturing and IT to co-develop and market AI-powered solutions. Read more