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Tata Motors wins 1,297 bus chassis order from UPSRTC

The Tata LPO 1618 diesel bus chassis is developed specifically for intercity and long-distance travel. Read more

Pricol Limited to acquire Sundaram Auto Components’ Injection Moulding business

The debt-free acquisition is being made through an all cash deal for an amount of Rs 2.15 billion and is subject to adjustments, if any, as defined in the agreement at the time of closing the deal.Read more

Honeywell to sell PPE business to Protective Industrial Products for USD 1.32 bn

The PPE business has approximately 5,000 employees and a streamlined global manufacturing and distribution footprint that allows for cost-effective production, close proximity to customers and optimised lead times.Read more

France’s Exxelia acquires 70% stake in Indian magnetic component maker SVM

With this with strategic investment in SVM, Exxelia expands footprint in India and enhances its magnetics offering for medical and adds busbars to its power electronics passive components portfolio.Read more

Siemens to acquire Altair Engineering for $10 billion

The acquisition is expected to boost Siemens’ digital business revenue by 8%, adding approximately €600 million.Read more

L&T wins new orders for power transmission & distribution business

The hub will be a crucial element in Kenya’s grid for ensuring stable, efficient and reliable operations in view of variable renewable energy sources getting added and the high-voltage regional interconnections being established. Read more

Tata Motors to supply 1000 bus chassis to UP State Road Transport Corporation

This latest order follows the successful fulfilment of a similar, larger order of 1,350 bus chassis received last year, and which are currently running efficiently by the UPSRTC.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

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

Jindal India to invest over Rs 15 billion to expand steel business

Production from the newly added capacity, focusing on coated flat products, pipes, and crash barriers, is scheduled to commence in FY25, with full completion expected by FY26. Read more

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