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India needs more domestic mobile phone manufacturers; ICEA chairman
Government policies have been instrumental in this growth, the unpredictability stemming from certain actions of enforcement agencies needs to be addressed.Read more
L&T to own 100% of LTSSHF; to buy NPCIL stake
A delay in equity infusion by the promoters, led to the net worth of LTSSHF to fall to negative Rs 25.73 billion as of March 31, 2023.Read more
India to become landfill for Chinese products amid US Beijing tariff war; GTRI
These tariffs include a 100% duty on electric vehicles, a 50% duty on semiconductors, and a 25% duty each on electric vehicle batteries originating from China.Read more
Global semiconductors battle deepens between EU & US; $81 billion subsidy surge
The surge in semiconductor spending stems from mounting concerns over China's rapid technological advancements, particularly in key electronic sectors. Read more
India's imports from ASEAN FTA partners; $187.92 billion in FY24
Exports to Asean countries grew from $37.47 billion in FY19 to $41.21 billion in FY24, marking a 9.96 per cent increase. Read more
Dixon Technologies signs MoU with Acerpure for consumer appliance manufacturing
Acerpure is involved in the trade, import, and export of consumer durables, home appliances, peripherals, accessories, components, parts, and related services.Read more
Siemens Limited declares CAPEX of over Rs 10 billion
The company's Smart Infrastructure Business is set to boost its factory presence in Goa with an investment of Rs 3.33 billion, marking the largest investment by Siemens in the state. Read more
Clara Smith appointed Vice President Strategy & Transformation, SECO
In her previous role as Group Head of Market Strategy at Hitachi Rail, Clara played a key role in shaping global market and operations strategy, overseeing both organic and inorganic growth initiatives. Read more
MAHLE finalises OEM thermostat business sale to BTT Solutions
MAHLE is focusing on electrification and systems for thermal management, as well as cost leadership in components for highly efficient, green combustion engines.Read more
Honeywell Automation India Limited appoints Atul Pai as MD
The company offers a broad range of products in environmental and combustion controls, sensing and control, and provides engineering services in automation and control to clients worldwide.Read more