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Industry 4.0 gains momentum in India amid challenges

A recent study by the Indian School of Business (ISB) and Plugin Alliance revealed that 54% of Indian manufacturing companies are already implementing AI and analytics to enhance cost efficiency, product differentiation, and market responsiveness.Read more

Mushin Labs raises $250K in seed series round led by Inflection Point Ventures

Mushin Innovation Labs, a pioneering SaaS startup, is transforming the automotive manufacturing industry with its advanced digital solutions. Read more

India sets ambition to become global drone manufacturing hub: Rajnath Singh

Singh outlined adaptive defence as a strategy requiring situational awareness, flexibility, resilience, and integration with advanced technologies to respond effectively to unpredictable challenges.Read more

BEML’s Q2 profit drops amid weakening demand

BEML’s material costs, which constitute over half of its expenses, rose slightly by 0.2%, while total expenses dropped 7% to Rs 8.2 billion.Read more

L&T expands aerospace focus amid India’s $44 billion space market boom

The first launch of a privately built PSLV is expected in early 2025, with each rocket costing approximately Rs 2 billion.Read more

Amara Raja to launch battery recycling operations in TN by November end

Currently, 83% of the lead in the company’s manufacturing comes from recycled sources.Read more

Sig Sauer to manufacture 73,000 assault rifles by 2025 for the Indian Army

Sig Sauer also plans to increase the proportion of locally manufactured components, integrating more Indian technology and materials into its products.Read more

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

L&T to acquire 21% stake in E2E Networks in Rs 13.27 billion deal

E2E Networks specialises in CPU and GPU-based cloud computing platforms, leveraging its relationship with NVIDIA to support large-scale general and AI workloads. Read more

Schneider Electric replaces CEO Peter Herweck amid disagreements

Herweck, who served as CEO for 18 months, will be succeeded by Olivier Blum, currently leading Schneider's Energy Management division.Read more

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