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Cyient acquires 27% stake in Azimuth AI to boost semiconductor capabilities

Cyient emphasised that this investment reflects its commitment to driving innovation in the semiconductor industry. Read more

GOI identifies 300 laws for potential decriminalisation to boost business

The minister noted that the Production-Linked Incentive (PLI) schemes launched in 2020, with an outlay of Rs 1.97 trillion, have been a significant driver for 14 sectors, particularly electronics and pharmaceuticals.Read more

India may miss net-zero emission goal by a decade without green hydrogen boost

Despite growing interest in renewables, traditional oil and gas companies have delivered 8.3% higher capital returns compared to their green energy counterparts over the past five years, according to S&P Global Commodity Insights.Read more

GOI introduces new EV charging guidelines to boost electric vehicle growth

The implementation of these guidelines is expected to stimulate public-private partnerships, involving state agencies, power utilities, and private stakeholders, ensuring a coordinated approach to expanding the EV charging network.Read more

Indian Railways and Wabtec partner to boost global locomotive exports

The plant in Bihar will produce locomotives specifically for international clients.Read more

Daikin invests Rs 14 billion in Indian unit to boost production

Daikin plans to use the funds to expand its manufacturing capacity and increase component production, particularly compressors, with the goal of raising localisation from 75% to nearly 90%.Read more

Iveco Bus and ZF partner to boost next-gen e-mobility solutions

The partnership will enhance Iveco Bus’s electrification strategy by developing new zero-emission architecture for its upcoming vehicle range.Read more

Gadkari suggests vehicle scrapping to boost auto sales by 18-20%

Currently, India has 63 scrapping centers and 78 fitness centers, with plans for more.Read more

DAC approves Rs 1.45 trillion defence orders; to boost PSUs

In FY24, the government granted Acceptance of Necessity (AoN) to proposals totalling approximately Rs 3.61 trillion under various capital procurement categories, aligning with the Defence Acquisition Procedure (DAP) 2020 to promote domestic manufacturing.Read more

Welspun approves $100 million investment to boost US pipe manufacturing

The upgrade is designed to expand Welspun Pipes' product offerings, allowing for the production of larger pipe sizes up to 24 inches in outside diameter and 0.750 inches in wall thickness.Read more

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