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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
Semiconductor slump challenges global manufacturing growth
South Korea and Taiwan will be heavily impacted as such a large proportion of their manufacturing is tied to semiconductors and the electronics industry, says Interact Analysis’ report.Read more
Future growth is possible only with quality welding operators
In this interview with Rakesh Rao, V V Kamath, Managing Director, Fronius India Pvt Ltd, explains how changes in the user-industries are leading to new trends in the welding processes and technologiesRead more
Vipul Organics to hire around 100 employees to fan their growth story
Openings are across verticals hiring will be within the next 12-18 months’ timeframe.Read more