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Indian govt pushes for advanced vehicle connectivity to enhance road safety

A draft report from an Indian government panel suggests that automakers incorporating advanced connectivity features in vehicles, enabling communication with other vehicles and external systems, could receive better crash test ratings.Read more

Honeywell unveils realignment around megatrends for accelerated growth

Honeywell's CEO, Vimal Kapur, affirmed the company's commitment to achieving distinctive and profitable growth.Read more

Wipro Pari acquires majority stake in Italy's Ferretto Automation

This acquisition will help Wipro to expand its offerings beyond the in-factory automation solutions to both industrial, CPG (Consumer Products Group), retail and e-commerce warehousing, storage and automation solutions.Read more

Birla Carbon acquires Nanocyl, expands Energy Systems market presence

The acquisition expands Birla Carbon?s presence in market creating a leadership position in material critical to Lithium Ion battery performance along with other conductive applications.Read more

DPIIT introduces stricter guidelines for PLI Scheme in white goods sector

Under these updated regulations, selected companies must now provide a certificate from a registered cost accountant, confirming related party sales and determining the arm's length price, in order to avail the scheme's benefits.Read more

India's Telecom sector achieves milestone: PLI investments surpass Rs 2,419 cr

This investment has led to the employment of 17,753 individuals. In October 2022, the government selected 42 companies that pledged a total investment of Rs 4,115 crore.Read more

ALP Overseas acquires SoffSeal International Inc

The company boasts an extensive range of weatherstripping products tailored for Chevrolet, Pontiac, Oldsmobile, Buick, Cadillac, GMC, Mopar, and Ford vehicles spanning from the 1920s to the early 2000s.Read more

Schaeffler announces merger with Vitesco, accelerating EV market presence

Both Schaeffler and Vitesco possess similar e-mobility technology portfolios. While Vitesco primarily deals in combustion-engine components, it has recently secured significant orders for its electric-drive division.Read more

Kirloskar Ferrous Industries acquire Oliver Engineering for Rs 110 cr

Last year, KFIL acquired a majority stake in Indian Seamless Metal Tubes (ISMT) for Rs 476.63 crore, solidifying its position in the market.Read more

Vedanta accelerates steel asset sale, focuses on core mining in restructuring move

Recently, Vedanta announced plans to restructure its operations, creating separate commodity-focused entities to strengthen its financial position.Read more

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