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Lithium-ion battery storage: India’s import dependency to fall to 20% by FY27

The GoI has taken initiatives on several demand-side measures, such as Faster Adoption and Manufacturing of Electric Vehicles (FAME) scheme, Viability Gap Funding (VGF) scheme for Battery Energy Storage System (BESS), helping to bring down cost of EV and BESS, thereby stimulating demand. Read more

Sales of Indian MCE industry to fall by 5-7% in FY2025: ICRA

Road construction accounts for 35-45% of MCE sales in India, followed by mining (20-30%), real estate (10-20%) and other sectors (railways, water supply, power etc.).Read more

German industrial orders fall sixth consecutive month amid weak foreign trade

The most affected sectors were mechanical engineering and the automotive industry, with orders down 0.9% and 0.7%, respectively, from May. Read more

India’s steel prices fall to lowest in over three years: BigMint

In July, the average price for hot rolled coils, essential for manufacturing, was Rs 52,267 per tonne.Read more

India's composite PMI falls to 60.7; depicts healthy economy

While global manufacturing faces headwinds, India’s economic sectors, particularly manufacturing and services, continue to demonstrate significant growth and resilience.Read more

Airbus chooses eight sites to build final assembly line in India

Currently, the Airbus H125 helicopter is manufactured in France, the US, and Brazil, with a combined capacity of nearly 220 units. Read more

Bharat Forge Class-8 truck orders in North America fall to 14-month low

The defence-to-auto component-supplier Bharat Forge has presence in the class 8 trucks market in North America. Bharat Forge late last month had announced an additional investment of $40 million in Bharat Forge America.Read more

India's CAD may show fall in Q4 as net exports hit 11-quarter high

IDFC First Bank in a recent report said in FY25, it estimates CAD at 1.3 per cent of GDP compared to 0.7 per cent of GDP in FY24.Read more

Navigating the warehouse automation wave

The panel discussion, hosted by FM Logistic, explained the strategic imperatives for the adoption of automation in warehousing.Read more

Constructing safely: Preventing slips, trips and falls

Performing risk assessment to identify potential for slips, trips, and falls is the first step towards keeping people safe from hazards at the workplace, says Kamarajan M in this article while informing on some measures towards workplace safety.Read more

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