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Indian Railways expands Kavach deployment rights, eyes LTE upgrade

This homegrown open-source technology mandates interested companies to develop their systems in accordance with specifications outlined by Indian Railways, as per the minister Ashwani Vaishnaw.Read more

Siemens to invest Rs 416 crore for expanding manufacturing capacity in India

The company will expand manufacturing capacity of power transformers and vacuum interrupters for medium voltage switchgear. Siemens Ltd has also registered 21% increase in revenue and 53% increase in PAT in FY 2023 (October 2022 to September 2023).Read more

Ashok Leyland dealer Automotive Manufacturers expands operations in UP

With the opening of its new 3S facility in Varanasi, Automotive Manufacturers will provide support to Ashok Leyland customers in the region.Read more

Tega Industries acquires McNally Sayaji, expands into capital equipment manufacturing

The newly merged entity, Tega McNally Minerals, will expand its offerings to provide a comprehensive range of solutions for the global mining market.Read more

KPIT technologies drive ahead in automotive tech leadership, expands market presence

According to MD & CEO Kishore Patil, the focus is not on competing with other service providers but on being a leading player in the automotive industry.Read more

TVS Motor launches NEO AMI 125 Scooter in Africa, expands global reach

With a business footprint spanning over 80 countries across Asia, Africa, and Latin America, the company recently expanded into the European market.Read more

Sweden’s Alleima opens expanded heat exchanger tube facility in Mehsana

Built with a total investment of SEK 180 million (approximately Rs 143 crore) between 2019-2023, the new facility will enhance capabilities to produce advanced alloys for making heat exchanger tubes, which are used for critical applications in the chemical, petrochemical and renewable energy segments.Read more

Toyota expands manufacturing in Karnataka with Rs 3,300 cr investment

This new facility, boasting a capacity of 100,000 units, will be situated approximately 35km from Bengaluru and has the potential to generate employment opportunities for up to 2,000 individuals.Read more

Samsung expands Texas chip plant amidst AI chip supply deal

Samsung is embarking on the construction of an additional building within its semiconductor chip plant in Taylor, encompassing approximately 2.7 million square feet.Read more

Craftsman Automation expands Capex for FY 2024

Craftsman Automation has outlined a new investment plan totalling Rs 209 crore, with Rs 150-160 crore allocated for the current fiscal year.Read more

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