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Evonik to cut up to 2,000 jobs globally by 2026
German Chemical Company Evonik Industries, known for its products used in various items including animal feed and Pfizer/BioNTech's COVID-19 vaccine plans to cut jobs by 2026 in order to reduce costs.Read more
India and Peru resume trade talks to strengthen bilateral ties
The proposed agreement will cover Initial Provisions and General Definitions, Rules of Origin, Trade in Goods, Customs Procedures and Trade Facilitation, Technical Barriers to Trade, Sanitary and Phytosanitary Measures, General and Security Exceptions, CoRead more
India embedding sustainability in manufacturing to become a global hub
With India becoming the large manufacturing hub, the question of sustainability stands a big doubt on country’s capability. P Kaniappan suggests that inclusion of sustainable practices in manufacturing operations will help India reach the pinnacle of developments.Read more
Cable & Wire Fair Postponed to May 2022
India's most illustrious trade exhibition for wire and cable industry has been postponed from March 2022 to 18th to 20th May 2022 to make it convenient for all the stakeholders.Read more
Global aerospace parts market to grow at CAGR of 3.7%: Report
The global aerospace parts market - estimated at $ 900.75 billion in 2021, is expected to grow at a CAGR of 3.7% during 2021-2030 forecast period, according to Quince Market InsightsRead more
Demand for robotic welding applications is huge
Welding is considered to be the backbone of the manufacturing sector. Being an industry leader in welding, Kemppi has been supporting developments in the Indian manufacturing sector with its state-of-the-art welding machines that offer the industry’s best features. A pioneer in the industry, Kemppi has introduced the world’s first inverter power source, digital power source, Universal Welding Management software and many more. In this interview, Ajay Trikha, Managing Director - IndRead more
Fastener makers hit by rising raw material prices
Raw materials account for about 60-70% of production cost in fastener industry. Post-Covid the prices of commodities are skyrocketing causing a concern among fastener manufacturers.Read more
Indian labour market in worst condition since April-May 2020: CMIE
CMIE’s data about the Indian labour market states that the Indian labour market is in its worst condition since April-May 2020. The employment rate continues to worsen amidst the COVID-19 second wave.Read more
Bonfiglioli donates Rs. 28 million to fight Covid-19 in Chennai and Pune
Bonfiglioli donated Rs. 28 million worth of Covid-19 Medical Equipment and Essentials to Government Hospitals in Chennai and Pune.Read more
Ind-Ra: ECLGS extension to help mid and emerging corporates recover post Covid
The extension in the scope of the Emergency Credit Line Guarantee Scheme (ECLGS) will support the liquidity of around one-third of mid and emerging corporates (MECs), according to India Ratings and Research (Ind-Ra).Read more