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Cyclone Michaung paralyzes Chennai: Major industries. IT hubs grapple with floods
The production at six prominent auto component units, including Lucas TVS, Wheels India, Sundram Fasteners, Sundaram Clayton, and Brakes India, faced disruptions for the third consecutive day.Read more
International Hardware Fair 2023, pioneers new era in global hardware dynamics
The much-anticipated International Hardware Fair India (IHF India) made a grand entry at Pragati Maidan, New Delhi, ushering in a new era for the hardware industry in India.Read more
India should slow down SUVs buying: Global NCAP, Exe. President
Mr David Ward, Executive president, Global New Car Assessment Programme (Global NCAP) shared insights at the three day ‘Global Road Safety Initiative’ organised by organised by the Institute of Road Traffic Education (IRTE).Read more
Tesla's Cybertruck launch sparks optimism for Indian auto component market
Although the US and Canada dominate 54% of the global pickup truck market, initial reports suggest that Tesla's new offering could secure nearly 7% market share in its first year.Read more
Yokohama expands Indian operations to meet soaring demand for larger tires
While still importing certain high-end tires, Yokohama maintains a strong commitment to local production in India, with up to 97% of its products manufactured domestically.Read more
ArcelorMittal Nippon Steel India invests Rs 100 cr in scrap centres to boost sustainability
Company is poised to establish three dedicated scrap-processing centres in Gujarat and Maharashtra, as leading steel companies in India anticipate challenges in meeting their scrap requirements through imports.Read more
IntelliSmart wins India's largest smart metering project worth Rs 20,000 cr
The substantial contract encompasses the deployment of approximately 1.7 crore smart meters across four states—Uttar Pradesh, Assam, Bihar, and Gujarat.Read more
Oakter secures approval in PLI 2.0, paving way for high-tech manufacturing
Oakter is currently underway with the development of an indigenous tablet within the PLI framework, with plans to commence manufacturing within the next 90 days.Read more
India's National Green Hydrogen Mission Aims to Slash Fossil Fuel Imports by 2030
The Union Cabinet greenlit the mission in January 2023, allocating Rs 19,744 crore to establish India as a global hub for manufacturing green hydrogen, a sustainable energy source.Read more
India aims for 40% local value addition in phone manufacturing to boost global competitiveness
S Krishnan, Secretary at the Ministry of Electronics and Information Technology (MeitY), outlined this goal during the Global Tech Summit 2023 organised by Carnegie on December 5.Read more