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Applied Materials considers new operations near semiconductor facilities
The move is part of a strategy to stay close to its customers and capitalise on the expected growth as semiconductor factories begin to establish themselves in India.Read more
United Grinding Group unveils umati; to help machines connect easily
The UNITED GRINDING Group uses umati to connect various machines easily, including older ones, in their production environment.Read more
ZF Lifetec opens €5 million global competency centre in Hyderabad
The current team of 220 engineers in Hyderabad is set to grow to over 500 in the next five years, as the company expands its capabilities in line with increasing demand.Read more
China's steel exports a concern for India; Tata Steel TV Narendran
China, which produced 54% of the world’s crude steel in 2023, has been increasing its steel exports amid a slowdown in domestic demand, particularly due to challenges in its real estate sector.Read more
Caterpillar to invest Rs 5 billion to expand Tamil Nadu facilities
In addition to this MoU, agreements worth Rs 70.16 billion were signed with 16 global companies in San Francisco and Chicago.Read more
Indian EV market expected to grow at over 40% CAGR till 2027: Niveshaay
The EV sales volume in India could touch around 3-4 million units by 2025 and 10 million by 2030.Read more
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