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Cabinet sub-committee approves Rs 1.17 trillion for semiconductor & EV projects
The project, divided into two phases, will see an investment of Rs 849.47 billion, with Rs 587.63 billion allocated for the first phase and Rs 251.84 billion for the second.Read more
India explores pipeline network for cost-effective green hydrogen transport
Preliminary findings from a study on the Rajasthan to Paradip port route suggest that pipelines could be a more economical choice for transporting green hydrogen.Read more
Trilliant Networks to set up manufacturing and development center in Tamil Nadu
Nike, which already operates in Tamil Nadu through its contract manufacturers employing around 28,000 people, also has sourcing operations in the state.Read more
DAC approves Rs 1.45 trillion defence orders; to boost PSUs
In FY24, the government granted Acceptance of Necessity (AoN) to proposals totalling approximately Rs 3.61 trillion under various capital procurement categories, aligning with the Defence Acquisition Procedure (DAP) 2020 to promote domestic manufacturing.Read more
Minda Corp signs TLA with Sanco to offer EDS solutions for EVs
Under this agreement, Minda Corp & Sanco will locally develop EV connecting systems, charging gun assemblies with sockets and accessories, bus bars, cell contact systems, Power Distribution Units (PDU) and Battery Distribution Units (BDU).Read more
Air India to construct mega MRO facility in Bengaluru
Air India has also signed an agreement with SIA Engineering Company (SIAEC) to be its strategic partner for the development of this MRO facility.Read more
Welspun approves $100 million investment to boost US pipe manufacturing
The upgrade is designed to expand Welspun Pipes' product offerings, allowing for the production of larger pipe sizes up to 24 inches in outside diameter and 0.750 inches in wall thickness.Read more
Despite dip in value; UPI transaction volume hits record high in August
Unified Payment Interface (UPI) transactions reached a new peak in August, with a 3% increase in volume, totalling 14.96 billion transactions, up from 14.44 billion in July. This marks the highest transaction volume since UPI's launch in April 2016.Read more
Dabur & Jubilant Group eye 40% stake in Coca-Cola India's bottling arm HCCB
HCCB, which handles Coca-Cola's bottling operations in southern and western India, reported a 40% year-on-year revenue increase to Rs 128.4 billion in FY23, with net profits more than doubling to Rs 8.09 billion.Read more
India’s multimodal transport event Prawaas 4.0 wraps with impactful engagement
This edition of Prawaas promoted an Inclusive Mobility Culture attracting over 6153 operators, 171 exhibitors, 106 speakers, 15 sessions and over 40,000 Expo footfall from 28 states and 8 Union Territories to the 3-day event.Read more