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India emerges as key global supply chain player despite challenges: BofA report
India's potential as a manufacturing powerhouse and export hub is hindered primarily by high logistics costs and a significant infrastructure gap, states the report.Read more
Indian Oil and Bharat Petroleum penalised with pollution control fines
IOC has been fined Rs 1 crore and BPCL Rs 2 crore, the two firms said in separate stock exchange filings.Read more
Shakti Pumps hits record high with Rs 1,603 cr orders from MSEDCL
According to the company's filing with the exchange, the total order value amounts to approximately Rs 1,603 crore, inclusive of GST, and is slated to be completed over the course of 24 months.Read more
Servotech, IIT Roorkee collaborate to develop rectifier units of CCS2 chargers
This collaboration will boost domestic manufacturing capabilities and promote the growth of the domestic EV industry.Read more
RACE Energy Partners with LOHUM for Sustainable EV Battery Recycling
To ensure that EV batteries will be efficiently recycled/refurbished once they reach their end-of-life cycle In alignment with the mandate under EPR guidelines for responsible battery management.Read more
Global 'Invisible' E-Waste crisis: $10 bn worth raw materials discarded annually
The United Nations revealed that consumers worldwide discard or retain unused electronic devices, containing valuable raw materials essential for the green energy transition, amounting to nearly $10 billion annually.Read more
Garuda Aerospace soars: Pioneering India's drone revolution
The company is gearing up for a pre-IPO funding round in 2024, targeting a substantial investment of $40-50 million with having recently secured $22 million in funding and enlisted cricketer MS Dhoni as its ambassador.Read more
Avaada Group inks MoU with REC for a $1.8 bn Green Ammonia Project Financing
The MOU was executed with due ceremony in Bhubaneshwar, graced by the presence of CMD Vivek Kumar Dewangan of REC and Hemant Kumar Sharma, Principal Secretary, Industries Department, Govt. of Odisha.Read more
Maruti Suzuki targets record exports and expands electric portfolio
Maruti Suzuki plans to gradually expand its range of vehicles running on alternative fuels. To achieve this, the company intends to incorporate hybrid or electric vehicles into its export offerings.Read more
India's Industrial sector surges: August 2023 records impressive growth
Official data released revealed a significant surge in India's industrial production, with a remarkable growth rate of 10.3% on an annual basis in August, following a 5.7% increase in July.Read more