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India's semiconductor sector to generate 1 million jobs by 2026: Report
Key roles expected to emerge include process integration engineer, wafer inspector, design engineer, quality control specialist, and preventative maintenance technician.Read more
Socomec appoints Devender Singh Manhas as Head - Commercial Supply Chain
With a workforce of 3900 employees, 12 production sites, and over 30 subsidiaries spanning five continents, Socomec Group is a key player in the industry. Headquartered in Chennai, Socomec India boasts branch offices across 12 locations nationwide, with a cutting-edge manufacturing facility situated in Gurugram, Haryana.Read more
Vedanta Limited plans $500 million investment in AvanStrate Inc.
With extensive operations and R&D capabilities across Taiwan, South Korea and Japan, ASI aims to accelerate the development of next-generation glass products designed for advanced packaging and potential applications in the semiconductor, biotechnology, automotive displays, and other high-growth sectors. Read more
INOX to set up mini LNG terminal for Island Power Producers in the Bahamas
The contract would include the supply of 10 vacuum insulated storage tanks of 1500m3 capacity and a regasification system. Read more
Trump victory raises optimism in India's chemicals, textiles sectors
According to Chemexcil, India’s chemical exports to the U.S. reached $2.86 billion in 2023-24, though this marked a 26% decrease from the previous year.Read more
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