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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
India's semiconductor sector to generate 1 million jobs by 2026: Report
Key roles expected to emerge include process integration engineer, wafer inspector, design engineer, quality control specialist, and preventative maintenance technician.Read more
Global battery manufacturing equipment market to reach $30 billion by 2029
Despite a somewhat pessimistic forecast for market revenue, demand from all regions continues to drive the battery equipment market.Read more
Dixon partners with Nokia to manufacture fixed broadband devices in India
This partnership is expected to generate around 3,000 new jobs and significantly boost local manufacturing. Read more
Medical device sector applauds Centre's Rs 5 billion boost
The medical device market in India, valued at around $14 billion, is anticipated to grow to $30 billion by 2030, underscoring its importance in healthcare, from diagnostic tools to surgical devices.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
52% Indians open to adopt solar if incentivised with easy financing: Luminous
However, the price sensitive population finds cost as a major challenge in adopting rooftop solar with 92% finding installation costs a barrier.Read more
INOX to set up mini LNG terminal for Island Power Producers in the Bahamas
The contract would include the supply of 10 vacuum insulated storage tanks of 1500m3 capacity and a regasification system. Read more
France’s Exxelia acquires 70% stake in Indian magnetic component maker SVM
With this with strategic investment in SVM, Exxelia expands footprint in India and enhances its magnetics offering for medical and adds busbars to its power electronics passive components portfolio.Read more
India's exports set to exceed $800 billion this fiscal year: A Sakthivel
He highlighted that the establishment of 12 new industrial cities would further stimulate domestic manufacturing, while the success of the Production-Linked Incentive (PLI) scheme has bolstered the manufacturing sector. Read more