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Why MSMEs want a review of Section 43B(h)?
Section 43B(h) of Income Tax Act - mandating payment to micro and small enterprises (MSEs) within 45 days of supply - was welcomed when announced in Budget 2023-24. However, MSEs are now facing a peculiar problem of losing orders from large firms because of it. Rakesh Rao explores more on this issue and the road ahead.Read more
Hannover Messe 2024: Powering Sustainable Manufacturing
At Hannover Messe 2024, 4,000 exhibitors from all over the world presented their innovative, futuristic solutions to more than 130,000 visitors from 150 countries. The event offered a comprehensive picture of technologies that are crucial to drive the agenda of sustainable manufacturing, reports Rakesh RaoRead more
BFIL acquires 72,000-tonne forging lines to strengthen global market position
The company did not disclose financial details of the deal.Read more
ZF Group India launches metaverse platform for talent acquisition & employee engagement
At the heart of the Metaverse lies a central hub, serving as a global space where visitors can explore comprehensive information about the company's objectives and worldwide presence. Read more
ABB acquires China-located Siemens’ Wiring Accessories; expands portfolio
The acquisition will also give access to a wide distribution network across 230 cities in China and provide additional expertise from regional sales, manufacturing operations and management teams. Read more
Epsilon Carbon awarded SA8000 certification for social accountability commitment
Epsilon Carbon is the first Indian carbon black manufacturer to be awarded the SA8000 certification.Read more
Global semiconductors battle deepens between EU & US; $81 billion subsidy surge
The surge in semiconductor spending stems from mounting concerns over China's rapid technological advancements, particularly in key electronic sectors. Read more
Dixon Technologies signs MoU with Acerpure for consumer appliance manufacturing
Acerpure is involved in the trade, import, and export of consumer durables, home appliances, peripherals, accessories, components, parts, and related services.Read more
Clara Smith appointed Vice President Strategy & Transformation, SECO
In her previous role as Group Head of Market Strategy at Hitachi Rail, Clara played a key role in shaping global market and operations strategy, overseeing both organic and inorganic growth initiatives. Read more
Honeywell Automation India Limited appoints Atul Pai as MD
The company offers a broad range of products in environmental and combustion controls, sensing and control, and provides engineering services in automation and control to clients worldwide.Read more
