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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
Shyam Metalics rises 3% on new blast furnace and sinter plant in West Bengal
The facility also features an 18 MW top gas pressure recovery turbine (TRT), which improves energy recovery by 10%, and an evaporative cooling system that reduces water and power consumption by 20% compared to standard systems.Read more
Indonesia bans Google Pixel after iPhone block over local sourcing rules
The Google Pixel ban follows the recent prohibition of Apple’s iPhone 16, which was similarly blocked due to Apple’s alleged failure to fulfill local investment commitments.Read more
Apollo Green to invest Rs 15 billion in renewable projects
India’s renewable energy capacity accounts for 46.3% of the country’s total installed electricity capacity, with solar power leading the charge. Read more
Burkert unveils manufacturing facility in Pune to expand Indian operations
Initially, the facility will focus on manufacturing mass flow controllers, angle seat valves, diaphragm valves, and system solutions, with plans for phased expansion to support India’s diverse industrial needs.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
India’s manufacturing PMI rises to 57.5 in October
About 10% of survey respondents reported increased staffing, while only 1% reduced jobs.Read more
Haier Group eyes Rs 10 billion JV with JSW Group
This potential collaboration follows a 2023 JV between JSW and Chinese automaker SAIC Motor, where JSW took a 35% stake in MG Motor India.Read more
Jupiter Wagons shares surge 7% on acquisition of Log9's battery tech assets
The deal includes Log9’s engineering and production teams, as well as its manufacturing facility in Devanahalli, Bangalore.Read more
Suzuki and Toyota to start EV manufacturing in India by 2025
The new model will be built on an EV platform co-developed with Daihatsu, featuring a spacious interior and reliable battery power.Read more