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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
JBM Auto secures $100 million for electric bus expansion
JBM ECOLIFE Mobility plans to utilise the funds to introduce 650 additional electric buses in multiple states in a phased manner.Read more
JK Tyre approves merger with Cavendish Industries
Shareholders of Cavendish Industries will receive 92 shares of JK Tyre for every 100 shares held.Read more
Engineers India gets Rs 46.81 billion business; Order book now Rs 113.5 billion
The core oil and gas sector remains the primary contributor to EIL's orders, although recent years have seen increased contributions from infrastructure and green energy segments.Read more