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Indian Railways cancels tender for 100 Vande Bharat trains
Despite being the lowest bidder when the tender was opened on May 30, 2023, Alstom's bid did not meet the revised price expectations.Read more
G. Padmanabhan & Chandrayaan-3 team win Rashtriya Vigyan Puraskar
Padmanabhan, a distinguished biochemist known for his research on malaria parasites, is honoured with the Vigyan Ratna for his lifetime contributions.Read more
India needs to strengthen ammunition sector to become defence manufacturing hub
In 2023, the global ammunition market was valued at approximately Rs 1.293 trillion, with heavy-calibre ammunition making up 53.48% of the demand. Read more
Amara Raja signs Signs MoU with Piaggio for EV battery development and supply
Piaggio India has been at the forefront of the Electric 3-wheeler market and has introduced the country’s first and unique battery subscription model that makes the electric vehicle a lot more affordable for customers.Read more
SIAM hosts 10th automotive logistics conclave on enhancing automotive logistics
The conclave explored the most recent advancements and strategies that are expected to influence the future of the automotive logistics sector in India.Read more
CII and Danfoss India launch report on food processing sector at FoodPro 2024
The report covers an overview of India’s food processing sector with a deep dive into the potential for southern states.Read more
MoPSW to develop new shipbuilding scheme to incentivise Indian shipyards till 2035
Additionally, global cruise giant MSC Cruises has shown interest in deploying ships for domestic routes in India. Read more
Kobelco Construction India launches SK80 Excavator
The company operates a manufacturing facility in Sri City, Andhra Pradesh, approximately 110 km from Chennai, where it produces excavators and cranes. Read more
Bangladesh crisis causes major losses to Indian auto manufacturers
Data from the Ministry of Commerce and Industry shows that Indian two-wheeler exports to Bangladesh were 3.6% by value in FY24, down from 3.69% in FY23 and 3.72% in FY22.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