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Indian Railways struggles with wheel supply, increasing reliance on Chinese imports

The domestic supplies from Steel Authority of India Limited (SAIL) and Rashtriya Ispat Nigam Limited (RINL) have not kept pace with the increasing requirements.Read more

ICRA forecasts 9% growth in non-ferrous metals in next 2 FYs

The ratings agency also highlighted the challenges faced by the industry, including pressure on profit margins due to a weak global environment.Read more

Rising logistics demand expected to create 10 mn jobs in India by 2027, says TeamLease report

According to one of the leading staffing companies, TeamLease Services, the positive momentum in the logistics sector, which is growing at a 12% CAGR, is expected to add 10 million jobs by 2027.Read more

Tiruchi MSME fabrication crisis demands urgent government intervention

Tiruchi, once renowned as a premier fabrication hub in South Asia, owed much of its reputation to the welding expertise cultivated through collaboration with BHEL.Read more

PCBL forecasts Strong Growth in Indian Carbon Black Demand

Phillips Carbon Black Ltd has forecasted a 5-6% growth rate in demand for carbon black in India.Read more

EV Battery prices drop 10% in August amidst dampened demand

As reported by market research firm TrendForce, the average price drop for cells used in EV batteries reached 10%, underscoring a lackluster growth trend in the EV battery market.Read more

Reliance Industries explores entry into Semiconductor Manufacturing

At present, the names of the foreign chip manufacturers involved in these discussions remain undisclosed. The decision to invest in semiconductor manufacturing has not been finalised.Read more

Indian industries concern over EU Carbon tax data demands

This issue was raised during a meeting convened by the Ministry of Commerce on September 6, where government representatives discussed the challenges associated with the European Union's implementation of a carbon tax.Read more

Gabriel India expanding with eighth plant to meet growing demand

Gabriel India, the flagship company of the versatile Anand Group, is actively considering a greenfield expansion for its passenger vehicle and two-wheeler suspension components.Read more

Exide secures Rs 2000 Cr credit for Lithium-Ion Cell Project

Exide Energy Private Limited currently boasts a state-of-the-art 1.5 GW fully automated lithium-ion battery packs and modules manufacturing facility in Prantij, Gujarat.Read more

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