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L&T to invest over $300 million to establish a fabless semiconductor company
Semiconductors have become crucial globally, particularly amid the US-China trade tensions, prompting electronics manufacturers to seek alternatives beyond China and Taiwan. Read more
JSW MG to shift focus to NEVs; to phase out conventional vehicles
JSW MG aims to introduce a new vehicle every four to six months and anticipates that over 50% of its sales will come from electric vehicles (EVs) in 2024.Read more
GST Council introduces Reverse Charge Mechanism on metal scraps
Typically the seller charges the buyer for GST, but under the newly introduced RCM provision, the buyer will be responsible for paying the tax directly to the government. Read more
SIAM's 64th convention themed Sustainable Mobility Journey towards Viksit Bharat
In the conference, prominent leaders and policymakers discussed the pivotal role of sustainable mobility in achieving Viksit Bharat goals by 2047. Read more
John Cockerill and Greenko to invest Rs 28 billion in electrolyser facility
Michel stated the plant will have an annual capacity of producing 2 gigawatts of electrolysers, which are essential for producing green hydrogen by splitting water into oxygen and hydrogen using renewable energy.Read more
Goyal urges auto component makers to seek investment from EFTA countries
The minister urged the industry to create a road map to become the world's largest auto market, combining organic growth with international outreach. Read more
India's auto comp industry to triple to $200 billion by 2030
By 2030, sales to original equipment manufacturers (OEMs) could grow to $89 billion, while exports may soar to $100 billion, representing a CAGR of 30%.Read more
GTRI warns of India becoming an 'EV colony' for China
GTRI urged the government not to rush into providing significant incentives, warning that doing so could increase India's reliance on Chinese imports. Read more
Applied Materials eye India; consider Tamil Nadu for chip manufacturing unit
The company may initially focus on developing an advanced AI-enabled technology centre in Chennai, creating 500 jobs, with potential future expansion into manufacturing.Read more
Pritika Group targets Rs 9.5 billion in 3 years with Rs 6.5 billion order book
The company also reported a consolidated EBITDA of Rs 541 million, reflecting its operational efficiency.Read more