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Electronics component manufacturers seek government support in Budget 2025
In addition to potential PLI incentives, the government is reportedly preparing a plan to encourage electronics manufacturing in Tier II towns. Read more
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
Slowing demand to curb auto component revenue growth to 6-8%
Exports are vital, currently constituting 15% of total revenue, down from about 17% in fiscal 2022. Although export growth is slowing, India's increasing share of high-margin, critical components— accounting for around 60% of export revenue in fiscal 2024 — will support profitability. Read more
Karman Drones and TCL collaborate on UAV solutions development
This initiative will bolster India's defence manufacturing sector, aligning with the country’s 'Make in India' policy.Read more
Danfoss India plans to accelerate localisation of HVACR compressors and controls
The decision to invest in ramping up local manufacturing capabilities in India will help minimise the company’s dependency on imports for the Indian market.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
Riding the Trump triumph wave!
Riding the Trump triumph wave!Read more
SAIL partners with John Cockerill for green steelmaking technologies
This partnership comes as SAIL continues to navigate market challenges, reporting a 31% decline in consolidated net profit to Rs 8.97 billion in the September quarter, attributed to lower income and subdued demand. Read more
Murugappa family to acquire hubergroup in $310 million deal
The partnership will enable hubergroup to capitalise on emerging opportunities in regions with growing demand for high-quality chemicals and print and packaging solutions. Read more