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India's manufacturing PMI slips to 56.5 in November amid rising competition
Input cost inflation reached its highest level since July, with items like chemicals, cotton, leather, and rubber seeing price hikes. Read more
Phillips Machine Tools to bring titanium and hi-tech materials to India
To facilitate the initiative, PMT plans to obtain an import license within six months, a process requiring demonstrable R&D capabilities and specialised equipment. Read more
Pricol Limited to acquire Sundaram Auto Components’ Injection Moulding business
The debt-free acquisition is being made through an all cash deal for an amount of Rs 2.15 billion and is subject to adjustments, if any, as defined in the agreement at the time of closing the deal.Read more
BEML and Mazagon Dock Shipbuilders to develop advanced marine technology
Under the agreement, Mazagon Dock will provide its facilities to BEML’s research team for the development, testing, and validation of innovative marine technologies. Read more
India to invest over Rs 9 trillion in power transmission by 2032
Inter-regional transmission capacity is expected to rise from the current 119 GW to 143 GW by 2026-27 and further to 168 GW by 2031-32Read more
Quest to increase efficiency in manufacturing driving robots demand in India
With 59 per cent increase in robot installation in 2023, India has emerged as one of the strongest growing markets. Many believes robots will be central to achieving India’s ambition of becoming a global manufacturing hub, as they enhance efficiency, consistency, and scalability in operations, says Rakesh Rao. Read more
Robotics market in India is experiencing significant growth: Bir Singh
In this interview with Rakesh Rao, Bir Singh, Co-Founder & Chief Business Officer, Addverb Technologies, highlights how Indian manufacturers are streamlining their manufacturing processes by adopting robotics.Read more
Godrej Enterprises targets Rs 200 billion revenue by 2032
The group controls over 3,700 hectares, with around 1,000 hectares available for development. GEG holds exclusive ownership and development rights for Vikhroli land, which will continue to be marketed and sold by Godrej Properties under an agreement granting the latter a 10% commission.Read more
Lumax Auto buys 60% stake in Greenfuel Energy Solutions for Rs 153 crore
This acquisition marks entry of Lumax Auto Technologies into the green and alternate fuels segment (across CNG, hydrogen and other applications), which is expected to witness strong and accelerated growth in the coming years.Read more