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India's medical device imports surge by 21%, sparks calls for policy re-evaluation

The top five HS codes, constituting almost 80% of total imports, witnessed a 26% increase, notably in consumables and equipment (HS code 9018), which saw a 14% rise to approximately Rs 18,700 crore, forming 32% of the import basket.Read more

PM Modi unveils Rs 4,000 cr Maritime Boost in Kochi for India's Nautical Advancement

These initiatives encompassed the construction of a 310-metre-long New Dry Dock (NDD) at Cochin Shipyard Limited (CSL).Read more

PTC Industries' stock soars 10% on strategic titanium parts pact with Dassault Aviation

The purchase agreement solidifies a commitment from Aerolloy to manufacture a comprehensive range of titanium castings for the Rafale multirole fighter aircraft and the Falcon business jet program, starting from the year 2024.Read more

Ministry targets July 2024 for certification of 85 Applicants in automotive PLI scheme

The Ministry of Heavy Industries (MHI) plans to initiate the disbursement of incentives under the scheme in the financial year 2025.Read more

Anand Group to invest Rs 987 cr in Tamil Nadu for automotive manufacturing

The Group formalised this commitment by signing a Memorandum of Understanding (MoU) with the state government during the recent Tamil Nadu Global Investors Meet 2024 in Chennai.Read more

Pixxel launches MegaPixxel, spacecraft facility in Bengaluru

Encompassing an expansive 30,000 square feet, the MegaPixxel facility serves as a comprehensive hub for Spacecraft Assembly, Integration, and Testing (AIT), consolidating all satellite manufacturing services.Read more

SECI unveils leading bidders for 3400 MW electrolyser manufacturing in green hydrogen transition scheme

Following the Envelop-1 bid opening, 21 manufacturers, including major players such as Adani New Industries, John Cockerill Greenko Hydrogen Solutions and Waaree Energies, are actively participating.Read more

Indian auto exports decline 21% in 2023, passenger vehicles buck trend with 5% growth

This downturn was attributed to monetary and geopolitical crises in various overseas markets. The overall exports totalled 42,85,809 units in the last year, down from 52,04,966 units in 2022.Read more

Boeing inaugurates parts distribution centre in India

This new facility, one of eight worldwide, exclusively manages and dispatches spare parts for Boeing's commercial customers. The decision to invest in this distribution centre was initially disclosed during the Aero Show in Bengaluru the previous year.Read more

Shreegopal Kabra, MD of RR Kabel, felicitated at Hurun India Most Respected Entrepreneurs Awards

The Hurun India Most Respected Entrepreneurs Awards celebrates individuals who have demonstrated exceptional leadership, innovation, and impact within their respective industries.Read more

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