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REC signs MoU with RailTel to finance infra projects in Telecom, IT, railway signalling
MoU extends to the possibility of financing overseas ventures related to High-Speed Rail, metro, IT network, and the Upgradation of Railway Network.Read more
Valeo to supply electric powertrain for Mahindra & Mahindra’s EV program
The total order is close to 1 billion dollars and was already included in the total amount of orders for high voltage powertrain announced in Valeo’s Q3 results.Read more
Vipul Organics announces PAT is up by 98.16% on a Q-o-Q basis in Q2 results
The total revenues of Vipul Organics in Q2 of 2023-24 stood at Rs. 3,660.19 lakh, marginally up (1%) from Q1 of 2023-24. PBT for Q2 of 2023-24 stood at Rs. 107.09 lakh.Read more
Induction furnace owners seek GST protection amid complex SC challenges
Represented by the All India Induction Furnaces Association (AIIFA), the owners highlighted that locally sold scrap often lacks the necessary GST framework requirements or compliance, making it challenging to claim input tax credits.Read more
India strengthens economic ties with Taiwan, says officials
This move, aimed at meeting Taiwan's demand for labour in various sectors such as factories, farms, and hospitals, could involve the employment of up to 100,000 Indians.Read more
IOCL proposes doubling LNG Capacity at Ennore Terminal to meet growing demand
Currently, the terminal has a processing and storage capacity of 5 million metric tonnes per annum (MMTPA) of LNG.Read more
TVS SCS reports Q2 loss, eyes operational enhancements
The company's revenue from operations shrank to Rs 2,263 crore from Rs 2,681 crore, while total expenditure decreased from Rs 2,684 crore to Rs 2,277 crore.Read more
Spark Minda, HCMF forge innovative partnership for Sunroof Solutions in India
Under this collaboration, the two companies intend to leverage advanced technology and cutting-edge manufacturing processes to produce sunroof and closure technology products for passenger cars in India.Read more
Craftsman Automation expands Capex for FY 2024
Craftsman Automation has outlined a new investment plan totalling Rs 209 crore, with Rs 150-160 crore allocated for the current fiscal year.Read more
California startup H2MOF revolutionises Hydrogen Storage with Nanomaterial Tanks
The company aims to introduce its next-generation hydrogen tanks to heavy-duty vehicle manufacturers after 2024.Read more