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Service is the new growth engine for industrial manufacturers: KPMG report

KPMG International report - titled ‘The future of smart industrials’ - discusses the challenges manufacturers are experiencing with their current efforts and the capabilities that are needed for success, among other key insights on the sector.Read more

SIDBI aims for 25% MSME lending share, plans equity boost and green fund

Established in 1990 through an Act of Parliament, SIDBI functions as a development financial institution (DFI) with the primary objectives of promoting, financing, and fostering the growth of the MSME sector.Read more

India pursues unified battery-swapping standards for Electric Vehicles

NITI Aayog, the government's public policy think tank, has urged the Ministry of Heavy Industries to convene a meeting involving industry stakeholders.Read more

India's Hydrogen Market Soars: $21.9 Billion by 2030

A report, authored by MarketsandMarkets Research noted that global demand for hydrogen ranged between 90 million metric tons (mmt) and 100 mmt, with India contributing 7% of the global demand in 2022.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

Responsive Industries' shares soar 20% on Indian Railways contract win

This remarkable surge was attributed to the company securing a significant contract from the Indian Railways for the 'Garib Rath' initiative.Read more

Indian govt removes mandatory human safety tests for EV Batteries

According to the latest guidelines issued by the Ministry of Heavy Industries, adherence to the prevailing EV battery testing standards established by MoRTH is now the sole requirement for availing incentives.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

Saudi Wealth fund forges $3.3 billion steel giant in Saudi Basic Industries' Deal

The Public Investment Fund (PIF) will take ownership of Saudi Iron & Steel Company from Sabic, while, in a separate transaction, Sabic's steel arm, Hadeed, will secure AlRajhi Steel Industries in exchange for equity, as per an official statement.Read more

BEL and Israel's IAI join forces for Indian Defense Advancement

This partnership between BEL and IAI is not a recent development; it stems from a long-standing history of collaboration between the two entities.Read more

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