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GBA will facilitate access to technology, policy interventions in global south
…opines Dr Pramod Chaudhari, Executive Chairman, Praj Industries in this interview on the declaration of Global Biofuel Alliance at G20 Summit 2023.Read more
India's trade deficit shrinks significantly in September 2023
The country's goods exports saw a slight decrease of 2.59%, dropping to $34.47 billion from $35.39 billion in September 2022.Read more
Yokohama accelerates local tire production in India
Yokohama Rubber, operating in India through a wholly-owned subsidiary, is constructing a new facility in Visakhapatnam, supplementing its existing plant in Bahadurgarh, Haryana.Read more
Experts converge at Indian Industry Bodies Meeting on Quality Infrastructure by NABCB
Meeting held on October 13, 2023, highlighted crucial aspects of challenges and future needs for Quality Infrastructure among various industries including Electronics, IT, Telecom, and Engineering & Capital Goods Sectors.Read more
Piyush Goyal urges Indian industries to transform India into Global Manufacturing Hub
The discussions took place on 12 sectors, including textiles, capital goods, defence, aerospace, space, metals, leather, mining, energy, food processing, chemicals, medical devices, and drones.Read more
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
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
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
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