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Indian Oil cancels green hydrogen tender for the third time

The tender was notable for being the first attempt by an Indian company to establish the price of green hydrogen through a bidding process. Read more

Wipro Hydraulics acquires US-based Columbus Hydraulics

Established in 1952, Columbus has built a reputation in the industry, delivering custom hydraulic solutions for a variety of applications including agriculture, construction, turf maintenance and marine applications.Read more

Slow progress hampers development of electronic manufacturing at Tuem

The commissioning of a 33/11kV substation, built at a cost of Rs 428 million, is significantly delayed. Read more

Budget FY25 Decoded!

With emphasis on infrastructure, skill development, MSMEs, and manufacturing, the FY25 budget aims to drive India’s manufacturing-led expansion and exports. However, there are some missed opportunities as well. SME deciphers the short and long term impact of the budget with industry experts.Read more

Magellan Aerospace and Aequs to start engine MRO business in India

Air travel demand in India has surged, making it one of the fastest-growing aviation markets in the world.Read more

Ashok Leyland subsidiary Hinduja Tech to acquire TECOSIM Group

The organisations intend to establish a unified brand strategy that embodies their shared vision and dedication to providing superior technical services. Read more

GOI to implement equal 5% GST on all aircraft and engine parts to boost industry

The uniform tax rate is expected to reduce operational costs, resolve tax credit issues, and attract investment in the MRO sector.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

Murugappa Group’s CG Power to finish Rs 6.62 bn capacity expansion in 18 months

CG Power also kicked off the expansion of the production capacity of the large industrial machines (LIM) unit of the company situated at Mandideep, Bhopal, at an investment of Rs 350 million.Read more

Nicholas Cumins appointed CEO of Bentley Systems

Cumins is the first CEO in the company’s 40-year history who is not a Bentley family member, marking a significant milestone in the company’s development. Read more

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