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Synaptics eyes robust growth in India's smart devices market through MII
Michael Hurlston, the President and CEO of Synaptics, shared that a significant opportunity has surfaced as local manufacturers seek semiconductor and software providers to enhance the scale of domestic production in these device categories.Read more
MIDHANI elevates global presence, pioneering critical aerospace materials
This move is particularly significant as India aims to finalise a deal with US-based GE Aerospace for the domestic manufacturing of F414 fighter jet engines.Read more
Foxconn partners with HCL Group for Chip Venture in India
This venture, referred to in the industry as OSAT (Outsourced Semiconductor Assembly and Test), follows Foxconn's withdrawal from a previous joint venture with India's Vedanta in July.Read more
Acme Group targets $300 mn equity raise for Green Hydrogen Ventures
The company, which recently sold 450-550 MW of power assets to BluPine for $180-200 million, is in the initial stages of appointing investment bankers for the equity funding process, conducted discreetly.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
Commerce Minister Goyal unveils trade connect ePlatform to boost MSME exports
Functioning as an intermediary platform, the Trade Connect ePlatform will facilitate connections between Indian exporters, entrepreneurs, and various international trade stakeholders, as explained by a senior official.Read more
EY forecasts extension of 15% corporate tax rate in 2024 budget
EY predicts that the interim Budget may push back the deadline for commencing manufacturing from March 31, 2024, to March 31, 2025, for companies benefiting from the 15% concessional income tax rate.Read more
RE Minister inaugurates IEEMA exhibition, conference BID -2024 in Mumbai
There is a huge market for manufacturers of electricity sector in the country says RK Singh. Read more
NGEL inks MoUs with GSPC and GPPL during Vibrant Gujarat Global Summit
The MoU aims for the blending of Green Hydrogen in the gas networks of GSPC and Green Hydrogen mobility by setting up of Green Hydrogen fuelling stations in Gujarat.Read more
Hyundai to invest Rs 7,000 cr in Talegaon, marks first venture outside Tamil Nadu
It was a pleasure meeting Kim Unsoo, MD and CEO of Hyundai Motor India (HMI), along with Executive Director J W Ryu and HMI senior officials, said Devendra Fadnavis, Maharashtra Deputy Chief Minister on X.Read more