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Production volume growth at tyre companies set to halve to 6-8 per cent

The credit profiles of tyre makers are expected to remain stable. Read more

India is key a contributor to ZF’s global success

ZF Commercial Vehicle Control Systems India Limited (formerly known as WABCO India Ltd) became part of the ZF Group in May 2020 following ZF’s successful acquisition of WABCO. It is a key regional business within ZF’s Commercial Vehicle Solutions (CVS) division which was launched on January 1, 2022. Read more

Hilco Global buys ThyssenKrupp Steel’s plant in Germany

Amsterdam-based Hilco Industrial Acquisitions, BV, an operating company of US-based Hilco Global, has acquired all assets at ThyssenKrupp Heavy Plate Rolling Mill facility located in Duisburg-Hüttenheim, Germany. The assets are now up for sale on Hilcobid.com.Read more

Govt selects 4 bidders for PLI scheme for ACC battery storage

The government expects direct investment of around Rs 45,000 crore in Advanced Chemistry Cell (ACC) battery storage manufacturing projects.Read more

Imaginarium partners with global 3D printing firm Ultimaker

This partnership will bring Ultimaker’s whole range of desktop 3D printers like Ultimaker S5, Ultimaker S3, Ultimaker S5 Pro Bundle, and the base model of Ultimaker 2+ Connect to India.Read more

Neelanjan Banerjee to head LANXESS’ global lubricant additives biz

Neelanjan Banerjee will be taking over as the new Global Head of the Business Unit Lubricants Additives at LANXESS Corporation, USA, effective July 1, 2022 after a brief work-in periodRead more

Atmanibhar Bharat: Revolutionising manufacturing industry

India’s manufacturers have a golden opportunity to make the best of the increasing demand in India along with the multinationals’ aspiration to diversify their production in an effort to include low-cost plants in countries. This would grow the manufacturing sector significantly by 2025 and also create million domestic job opportunities, writes Shreegopal Kabra.Read more

Legal Entity Identity number is must to assert legitimacy globally

Legal Entity Identifiers (LEIs) are required by all parties participating in regulated transactions and provide a publicly available verifiable source of ‘who's who’ and ‘who-owns-whom’. The LEI code is endorsed by the G20 as the most important global identifier, says Hitesh Rughani, MD, Dreams Merchant.Read more

Iris Global supplies partner with Aadhar UID kits, Lava Mobiles

IT distribution company Iris Global Services has recently delivered its partner – Instant Procurement Services Pvt Ltd - with kits for Aadhar enrollment under the UID project & Lava Mobiles under the Tripura Government Family Health Welfare scheme.Read more

RDP partners Iris Global for distribution of computing devices

Iris Global Services, the Delhi-based IT distribution company, has signed a distribution agreement with RDP, a young PC laptop & IT product brand based at Hyderabad. Read more

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