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Godrej Industries’ Chemicals Business to buy Unit II of Shree Vallabh Chemicals
Located at Kheda, Gujarat, the Shree Vallabh Ethoxylation unit II has a manufacturing capacity of 24,000 MTPA of finished products.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
Thermax Babcock & Wilcox bags Rs 5.13 bn boiler order in Botswana
The order entails supplying two 550 TPH CFBC (circulating fluidised bed combustion) boilers over a 23-month period, aimed at supporting a 600 MW greenfield energy initiative in Botswana. Read more
Chinese auto manufacturer BYD to establish $1 bn manufacturing plant in India
Due to its Chinese connections, BYD is partnering with Hyderabad-based Megha Engineering and Infrastructures.Read more
LatentView Analytics acquires 70% stake in Decision Point for $39.1 million
Established in 2012, Decision Point has more than a decade of experience in developing AI-powered solutions and employs over 300 people worldwide.Read more
China faces plastic overcapacity; strains global trade relations
Some sectors of China's vast petrochemical industry are operating at half capacity as producers scale back.Read more
DGTR launches inquiry for dumping of Chinese guard rails following complaints
If the investigation confirms that dumping has harmed domestic manufacturers, the DGTR will recommend imposing anti-dumping duties on these imports. Read more
MoD signs 4 bn pact for 3 testing facilities in TN Defence Industrial Corridor
The DTIS provides up to 75% government funding as ‘Grant-in-Aid’, with the remaining 25% funded by the Special Purpose Vehicle (SPVs), comprising Indian private entities and State/Central Governments.Read more
Waaree Energies Limited appoints Sanjeev Pushkarna as Chief Procurement Officer
Sanjeev Pushkarna’s appointment is expected to head the company towards innovation in the renewable energy ecosystem.Read more
India may gain from trade restrictions against China says IMF Chief Economist
The US and EU recently announced higher import duties on some Chinese products and FDI from China is already facing heightened scrutiny in several parts of the world.Read more