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Siemens launches Solid Edge 2025 and Solid Edge X

Solid Edge 2025 is updated with improved data management and collaboration capabilities and enhancements across integrated mechanical and electrical design, simulation and machine tool programming. Read more

Honeywell to sell PPE business to Protective Industrial Products for USD 1.32 bn

The PPE business has approximately 5,000 employees and a streamlined global manufacturing and distribution footprint that allows for cost-effective production, close proximity to customers and optimised lead times.Read more

Govt to establish R&D centre for renewable energy components: Pralhad Joshi

In addition, Joshi revealed that a dedicated task force, including officials from the power ministry, MNRE, and key industry stakeholders, will be formed to expedite the efforts needed to meet the 500 GW renewable energy target by 2030. Read more

Electronics sector to create 12 million jobs, but skill gap remains: Report

India's domestic electronics production reached $101 billion in FY23, with mobile phones accounting for 43%, followed by consumer electronics, industrial electronics, and auto electronics.Read more

India Resurgence Fund to acquire Anthea Aromatics for $125 million

IndiaRF, which raised its inaugural $629 million fund with contributions from the Canada Pension Plan Investment Board (CPPIB) and World Bank’s IFC, invests across industrial, infrastructure, and consumer sectors, focusing on revitalising companies through recapitalisation and operational reformsRead more

JSW Defence partners with Shield AI; Plans $90 million investment over two years

This investment will enable JSW Defence to build a local supply chain and advanced manufacturing capabilities in India, including assembly, testing, and maintenance of the V-BAT aircraft.Read more

Dormer Pramet shifts identitly, to work as a single group

Dormer and Pramet will now officially operate under a single unified entity combining both the brands while Miranda and Precision continue to serve as local markets’ hero brands. Read more

Minda Corporation achieved highest ever consolidated revenue of Rs 12.90 billion

During the quarter, the company signed a Technology Licensing Agreement with SANCO (China) to locally develop advanced Electrical Distribution Systems (EDS) solutions. Read more

BEML’s Q2 profit drops amid weakening demand

BEML’s material costs, which constitute over half of its expenses, rose slightly by 0.2%, while total expenses dropped 7% to Rs 8.2 billion.Read more

India's semiconductor sector to generate 1 million jobs by 2026: Report

Key roles expected to emerge include process integration engineer, wafer inspector, design engineer, quality control specialist, and preventative maintenance technician.Read more

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