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Lava to detach manufacturing arm into independent entity
Lava, which has struggled to meet its PLI targets since the scheme's inception in 2020-21, is optimistic about a turnaround with the new incentive package for component production.Read more
Commercial vehicles to decline 3-6%; two-wheelers to grow 7-9% in FY25 India
Both segments have experienced significant transformations and faced unique challenges over the past few years, particularly in the wake of the COVID-19 pandemic.Read more
Wipro opens new smart and connected IoT experience centre in Pune
The Experience Centre is designed to meet the evolving needs of modern businesses via advanced IoT and Smart Technology applications. Read more
Decarbonising seven key MSME sectors could save Rs 370 million yearly
The study was conducted by the Centre for Study of Science, Technology and Policy (CSTEP).Read more
Welspun One raises Rs 22.75 billion to develop warehousing properties
The capital was secured from approximately 800 Limited Partners (LPs) and investors, including high-net-worth individuals, ultra-high-net-worth individuals, family offices, corporates, and domestic institutions. Welspun One plans to utilise this capital to develop warehousing properties. Read more
TAITRA calls for adaptation to India's business ethos amid Foxconn controversy
The controversy arose following reports suggesting Foxconn's alleged reluctance to hire married women at its facility, which manufactures Apple iPhones in India. Read more
Bharat Forge Class-8 truck orders in North America fall to 14-month low
The defence-to-auto component-supplier Bharat Forge has presence in the class 8 trucks market in North America. Bharat Forge late last month had announced an additional investment of $40 million in Bharat Forge America.Read more
Govt to extend easy visa rules to all companies in PLI sectors
The PLI scheme covers sectors such as mobile phones, drones, white goods, telecom, textiles, automobiles, and pharmaceutical drugs.Read more
EESL nearing phase 1 completion of lithium-ion cell manufacturing by fy year-end
EESL's scope includes producing, assembling, and commercialising battery modules and packs for both mobility and grid-based applications, addressing the growing demand for lithium-ion batteries and storage solutions.Read more
Waaree Renewable wins EPC contract for 412.5 MWp solar project in Rajasthan
Waaree Renewable Technologies Limited will provide comprehensive services, including design engineering, procurement, construction, and commissioning of the project. Read more