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SIDBI to create $1 billion green financing fund with $215 million aid from GCF

The GCF, an entity established by the United Nations Framework Convention on Climate Change (UNFCCC), approved a $200 million loan and a $15.6 million grant for capacity building to support SIDBI’s initiative.Read more

Ramkrishna Forgings PAT rises 3% to Rs 810 million in Q1

Additionally, the board of directors approved the acquisition of Resortes Libertad, S.A. DE C.V. in Mexico.Read more

BEL wins €25.75 million order from TRDS for TR module production

It also announced additional orders valued at Rs 1.92 billion for communication equipment, encryptors, spares, and services for radars and fire control systems, bringing its total orders for the current financial year to Rs 52.25 billion.Read more

Decarbonising seven key MSME sectors could save Rs 370 million yearly

The study was conducted by the Centre for Study of Science, Technology and Policy (CSTEP).Read more

India’s MSME employment surpasses 200 million, spikes 66% in 1 year

Out of the total reported jobs, approximately 45.4 million were held by women employees.Read more

LatentView Analytics acquires 70% stake in Decision Point for $39.1 million

Established in 2012, Decision Point has more than a decade of experience in developing AI-powered solutions and employs over 300 people worldwide.Read more

Daikin to expand compressor manufacturing to two million units in India

Daikin is also exporting to markets such as South Africa, the Middle East and South America helped by its new 75-acre Sri City manufacturing unit.Read more

Skoda-VW hits 1.5 million production mark in India

In addition to its vehicle manufacturing success, SAVWIPL's Engine Shop produced over 380,000 engines to date in the last ten years. These engines rely heavily on components sourced within India.Read more

Robotics firm DiFACTO raises Rs 400 million in funding from Stakeboat Capital

DiFACTO has three factories in Bengaluru, branches in Pune and Gurgaon, and a wholly-owned subsidiary in Michigan, USA. Read more

India needs 115 million manufacturing and service jobs by 2030; Natixis SA

India faces the challenge of creating 115 million jobs by 2030 to accommodate both underutilised existing labour and the incoming workforce, as reported by a source. Read more

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