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NTPC records more than 400 Billion Units generation, crosses FY 2022-23 output

Earlier during the year, the company recorded highest ever single day generation of 1428 Million Units on 1st September 2023Read more

Electric Vehicles sales rev up despite roadblocks, 2W records 37% growth

For EV, CY23 recorded significant growth as the sales volume of EVs surpassed 1.5 million, a 50% increase compared to CY22. Total EV volume sold was recorded at 1.53 million in CY23 compared to 1.02 in CY22. Read more

India's Industrial sector surges: August 2023 records impressive growth

Official data released revealed a significant surge in India's industrial production, with a remarkable growth rate of 10.3% on an annual basis in August, following a 5.7% increase in July.Read more

Igus’s new slewing ring bearing records low costs and sustainability

Igus is adding a ready-to-install low-cost variant made from regranulated high-performance plastics to its iglidur PRT series which is affordable, compact, lightweight and ready to install with a mouse click: igus has added a minimalist low-cost variant to the portfolio of its iglidur PRT series of slewing ring bearings. The PRT-05-15-PC not only reduces costs, but also protects the environment. The new slewing ring bearing consists of 97 per cent regranulated high-performance plastics.Read more

Indian electrical equipment industry records a growth of 13% in FY23: IEEMA

Indian Electrical and Electronics Manufacturers’ Association (IEEMA) compiled the data for the year 2023-24 which shows high growth in segments like transformers (17.5 per cent), cables (19.4 per cent), meters (15 per cent) and rotating machines (5.7 per cent).Read more

India records 54% jump in engineering goods exports in 9M 2021-22

Thanks to the Zero duty Export Promotion Capital Goods (EPCG) scheme, exports of India’s engineering goods jumped to $ 81.8 billion during April-December 2021 (Provisional) as compared to $ 52.9 billion during same period in the previous year (2020), registering a stupendous growth of 54%, said the Union Ministry of Commerce & Industry in a press release. Engineering goods sector constitutes the largest, more than 27%, share of India’s total exports basket during the period.Read more

GST council to rank companies on tax payment track record

The Goods & Services Tax (GST) council is mulling to put together a system to rank businesses based on their tax payment records.Read more

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