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Standard Chartered report: More than 80% of business leaders remain confident in globalisation
In partnership with Bloomberg Media Studios, the research surveyed business leaders across 20 markets in Africa, Asia, Europe, the Middle East, and North America, to understand the drivers of globalisation and assess overall sentiment.Read more
India aims for $1 trillion exports by 2030, focus on electronics, RE, EVs
The surge is attributed to the export of Samsung and Apple phones, with smartphone exports reaching $10.9 billion in FY 23, marking an 88.9% increase from April to August.Read more
CESL invites bids for 3,600 e-Buses, infra development under PM-eBus Sewa
The deadline for bid submissions is December 14, 2023, with bids set to be unveiled on the same day. Prospective bidders are required to submit a non-refundable tender fee of Rs 25,000 ($299.9).Read more
Talbros Automotive secures Rs 580 cr new business, including major EV order
A notable portion of this new business, valued at Rs 270 crore or 46% of the total, is related to electric vehicles (EVs) and comes from a prominent export original equipment manufacturer (OEM).Read more
Q4 can see fiscal incentives under PLI for white goods: DPIIT Secretary
The production linked incentive (PLI) scheme on white goods seeks to encourage domestic manufacturing of air conditioners and LED light components.Read more
BorgWarner Increases Power Electronics Business with European OEM
By combining the inverter and converter elements, the compact CIDD can manage both a vehicle's electric drive and its accessory systems.Read more
Sterlite Power demerges Transmission and Products Business
This move comes as part of the Company?s intent to create ?pure play? business verticals based on their end-customer base, investor class and returns.Read more
Raymond expands engineering portfolio with MPPL stake acquisition for Rs 682 cr
MPPL operates in high-growth sectors such as Aerospace, Electric Vehicles (EV), and Defense. The acquisition will be executed through Ring Plus Aqua Limited (RPAL).Read more
Valeo announces the sale of its thermal systems business in Russia to NPK Avtopribor
It will enable the 124 Russian employees in this business to keep their jobs. This sale will be carried out without any capital gain or loss.Read more
SWITCH Mobility secures order for 70 buses from Stagecoach UK
The order consists of 10 SWITCH Metrocity 9.5m electric buses, which will operate on Route W11 in London and 60 Slimline Solo 8.5m, Euro 6 certified buses sold under the Optare brand, presently integrated into SWITCH Mobility.Read more