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Climaveneta to invest Rs 4 billion in Bengaluru facility expansion

CCT, a leading chiller manufacturer with an order book exceeding Rs 5 billion, aims to double its annual order intake and achieve Rs 10 billion in revenue within the next four to five years.Read more

Hero-owned Tessolve acquires Dream Chip Technologies for Rs 4 billion

This move aligns with India’s Semiconductor Mission launched in late 2022 to bolster the country’s role in this critical industry following the global chip shortages post-COVID-19.Read more

Schaeffler to lay off 4,700 jobs amid challenges in Europe’s auto sector

Overall, the job cuts will affect around 3.1% of Schaeffler's workforce of 120,000, which increased after its merger with electric powertrain specialist Vitesco.Read more

Navitas and Ariel Green establish cooperation on long-term solar PV modules

This collaboration enforces Navitas commitment to delivering solar PV modules with enhanced long-term financial appeal for PV projects.Read more

Tata Electronics and Tokyo Electron to build India's first chip fab facility

These investments total Rs 910 billion and Rs 270 billion, respectively, aiming to serve global markets with semiconductors for automotive, mobile, AI, and other sectors.Read more

Apple shifts iPhone 17 manufacturing to India; Reduce reliance on China

While this change currently applies only to the standard iPhone 17 model, the premium iPhone 17 Pro, Pro Max, and rumored iPhone 17 Slim will continue their NPI processes in China.Read more

Noida semiconductor ‘fab’ projects receive state cabinet approval

State and central government incentives will support the project, which also includes an 11-acre green space.Read more

TIL renews DSSA with Hyster-Yale for 5 years

The agreement also emphasises continuous training and skill development for TIL's teams, ensuring they remain at the forefront of industry innovations. Read more

Six industries drive over half of India’s formal manufacturing GVA: NSO

In FY23, industries such as basic metals, chemical products, refined petroleum, motor vehicles, pharmaceuticals, and food products collectively contributed 52.6% to the manufacturing GVA.Read more

RR Kabel to sponsor children’s education through Kabel Star Scholarship Program

The initiative underscores RR Kabel’s commitment to empowering the communities it serves and acknowledges the central role electricians play in creating safe, resilient, and vibrant spaces across India.Read more

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