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SIDBI aims for 25% MSME lending share, plans equity boost and green fund
Established in 1990 through an Act of Parliament, SIDBI functions as a development financial institution (DFI) with the primary objectives of promoting, financing, and fostering the growth of the MSME sector.Read more
Olectra Greentech doubles electric bus production, eyes 9,000 orders
Olectra Greentech aims to broaden its product portfolio by venturing into the manufacturing of electric tippers.Read more
First Solar commences production at Indian Plant with $684 mn investment
The American company, First Solar that is establishing its inaugural manufacturing facility in India near Chennai, at Sriperumbudur, has initiated production.Read more
India imposes anti-dumping duty on Chinese Steel amid Surging Imports
China managed to surpass South Korea to become the largest steel exporter to India, selling 0.6 million metric tons between April and July.Read more
India's Semiconductor industry aims to create 1.2 million jobs
Notably, the chip design sector is poised to play a pivotal role, necessitating the recruitment of 275,000 individuals with diverse educational backgrounds.Read more
Bridgestone India’s Pune plant is verified Carbon Neutral
Audited and verified as carbon neutral by LRQA against the international standard PAS 2060.Read more
The Battery Show India 2023 sparks India's $150 bn energy revolution
India's battery market is set for substantial growth, with a projected 260 GW annually, worth $15 billion. On its own steam, TBSI is estimated to attract over 200 brands, 8000 trade visitors and 50 speakers at the event.Read more
NGEL, Chidambaranar Port signs MoU to develop green hydrogen hub
The MoU was signed by V V Sivakumar, GM (NGEL) and V Suresh Babu, CME (VOCPA) in the presence of Bimal Kumar Jha, Dy Chairman and Chairman (I/c) (VOCPA) and other senior officials.Read more
With automotive supply chains stabilising, focus on sustainability expected to rise back up automakers’ agendas
A report by Capgemini Research Institute shows that the auto organisations are more confident to tackle future supply chain disruptions, having slashed backlog orders by 61%. A further 39% reduction is predicted in the next year.Read more
EV Battery prices drop 10% in August amidst dampened demand
As reported by market research firm TrendForce, the average price drop for cells used in EV batteries reached 10%, underscoring a lackluster growth trend in the EV battery market.Read more