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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

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

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

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

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

Anil Agarwal invites investors to setup businesses at Vedanta’s industrial parks

The company will need 1,500 acres of land for these projects, ideally within 50 kilometers of Vedanta’s key operations in Rajasthan and Odisha.Read more

Intel may split chip design and manufacturing businesses due to loss

The company reported a net loss of $1.61 billion in the second quarter of 2024, leading to a 26% drop in its stock price—the worst single-day performance in over 50 years.Read more

Zetwerk and SMILE to unveil new IT hardware factories in India

Zetwerk has committed Rs 10 billion to enhance electronics system design and manufacturing (ESDM) capabilities in India.Read more

Magellan Aerospace and Aequs to start engine MRO business in India

Air travel demand in India has surged, making it one of the fastest-growing aviation markets in the world.Read more

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