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India seeks to justify RoDTEP reimbursements amid US countervailing duties
This initiative follows the recent imposition by Washington of countervailing or anti-subsidy duties on certain Indian products in response to the RoDTEP scheme implemented for outgoing shipments in January 2021.Read more
Toys ‘R’ Us accelerates India expansion with local manufacturing plans
Toys ‘R’ Us, the global toy retailer, is set to commence private label manufacturing in India by the middle of next year as part of an aggressive expansion strategy, aiming to position India among its top five markets.Read more
Chinese researchers predict circular economy in EV Batteries by 2059
According to scientists from the University of Mnster in Germany, China is expected to accomplish this milestone from 2059 onwards by recycling batteries to meet its primary lithium demand for electric vehicles.Read more
ARAPL Announces India's First Robotic Car Parking System Using AGVs
These 3-axis automated solutions will be piloted in December 2023 and generate an expected Rs 40 crore in FY 2025 revenue for the new business line.Read more
Honeywell to provide BESS to VIElectron for 6 solar parks across US Virgin Islands
The solution will enable VIElectron to install solar panels across St Thomas, St Croix and St John, all while smoothing out the energy peaks and valleys that can result from solar power.Read more
Apple resists India's push for universal charging, citing production targets
The US tech giant is actively seeking an exemption or postponement while engaging in discussions with Indian authorities.Read more
India's exports surge, outpacing Asian Peers in Oct 2023: ICICI Securities report
Analysts and economists Prasenjit Basu and Laavanya Sisaudia from ICICI Securities anticipate a further acceleration in India's merchandise exports throughout the remaining fiscal year 2024.Read more
Sterling and Wilson Renewable surges 5% on $2.2 bn Nigerian order win
The joint venture, Sun Africa LLC, will be responsible for developing 961 MWp of Solar PV generation infrastructure and 455 MWh of battery energy for Nigeria.Read more
Maruti Suzuki adapts production strategies for shifting market demands
The automaker, the largest in the country, is focusing on bolstering the production of high-demand utility vehicles while scaling back the production of entry-level cars.Read more
Continental Leads DIAZI Project and Turns Production Plants into Digital Factories
Continental leads consortium of eight partners from industry and research for fully digitalised production environment enables planning and simulation of new production lines.Read more