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Responsive Industries' shares soar 20% on Indian Railways contract win

This remarkable surge was attributed to the company securing a significant contract from the Indian Railways for the 'Garib Rath' initiative.Read more

Samson Controls celebrates expansion in alignment with Atmanirbhar Bharat Abhiyan

Samson Controls Pvt Ltd (SCPL), a wholly-owned subsidiary of Samson AG, Frankfurt, is a major player in the industry with two manufacturing units in Ranjangaon, Pune, and a network of eight sales offices and three service centres across India.Read more

The “Top 100 Performers” of engineering sector

According to the International Monetary Fund (IMF), India is poised to remain a significant contributor to the global economy, accounting for approximately 15 per of global economic growth in CY 2023.Read more

India's Q1 FY24 GDP growth hits 7.8% despite challenges ahead

According to data released by the National Statistical Office, the services sector was the driving force behind the growth in this quarter. As a result, the economy is now 13.8% larger than it was in the pre-pandemic first quarter of FY20, in real terms.Read more

HP pursues Indian PC manufacturing growth through PLI 2.0

To bolster PLI 2.0, the government has implemented restrictions on the import of IT hardware, requiring OEMs to apply for licenses before importing.Read more

MTAR Technologies secures defence license for advanced sub-systems manufacturing

Securing this license will significantly streamline their engagement with foreign multinational companies on diverse defence projects, says MTAR.Read more

“Price is a bottleneck for the growth and usage of lithium-ion batteries in India”

Best Power Equipments (India) Private Limited popularly known as one of the largest supplier of high-quality UPS to various OEMs widely distributed through corporate partners and system integrators. Sushil Virmani, Managing Director, BPE in this interview with Ayushi Khandelwal tells that lithium ion market is a growing trend in batteries today. India should look to quickly catch-up with the international market in production and distribution terms. Read more

Elgi Equipments announces PAT for first quarter, FY24 at Rs 60.5 crore

Consolidated sales for the first quarter was Rs 724 crore as against Rs 694 crore in the corresponding quarter in 2022-23.Read more

Automotive Component Industry achieves $70 bn turnover in FY23 with 33% growth

Automotive Component Manufacturers Association of India (ACMA) released the data revealing reveals that this achievement surpasses the previous record of Rs 4.2 lakh crore turnover in the fiscal year 2021-22.Read more

Roadmap to meet India’s $2 trillion export target by 2030: CareEdge Ratings

The note points out that trade will play a crucial role in enhancing the welfare of any economy through growth and productive employment opportunities.Read more

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