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Trilliant Networks to set up manufacturing and development center in Tamil Nadu

Nike, which already operates in Tamil Nadu through its contract manufacturers employing around 28,000 people, also has sourcing operations in the state.Read more

SBI to adopt cash-flow based lending for MSME loans up to Rs 50 million

SBI is collaborating with multilateral development banks and large multinational banks to address these challenges.Read more

Despite dip in value; UPI transaction volume hits record high in August

Unified Payment Interface (UPI) transactions reached a new peak in August, with a 3% increase in volume, totalling 14.96 billion transactions, up from 14.44 billion in July. This marks the highest transaction volume since UPI's launch in April 2016.Read more

Noida facility to drive 'Make in India' for global markets, says JB Park

These centres are at the cutting edge of AI and product innovation, contributing to numerous patents and driving technological advancements both in India and globally.Read more

Yamuna Authority to develop Noida’s first electronics manufacturing cluster

Havells India will play a pivotal role in the project, committing Rs 8 billion to establish a manufacturing unit on 50 acres within the EMC. Read more

GOI tightens disclosure norms for domestic solar manufacturers

This directive, issued via a notification on August 7, requires companies to self-certify as producers of indigenous solar components.Read more

Bharat Forge Q1; Defence revenue up 147%, order book at Rs 54 billion

The profit was impacted by an exceptional loss of Rs 1.46 billion, including an impairment provision of Rs 1.45 billion related to its investment in Tork Motors Pvt. Ltd., where Bharat Forge holds a 64.29% stake.Read more

Servotech gets 1.2 MW solar storage and grid order from UP SIRD and UPNEDA

The company will also be designing, manufacturing, supplying, erecting, testing and commissioning 20 kW and 40 kW grid-connected solar power systems, contributing to the state’s renewable energy goals. Read more

ABB transforms the UPS sector

Green UPS technology now offers significantly higher efficiency, ranging from 94 to 97%, compared to the traditional 80 to 88%, marking a substantial improvement in energy conservation and sustainability.Read more

Poly Medicure calls for import substitution in upcoming Budget; Himanshu Baid

Currently around 70% of medical devices and equipment worth nearly Rs 500 billion used in India are imported. The current duty structure for these imports ranges from 7.5% to 10%.Read more

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