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Government considers legal action against three firms for FAME subsidy recovery
The move comes after the ministry of heavy industries failed to recover the disputed amount from these companies even after multiple attemptsRead more
Indian engineering exports decline 3% in November, industry optimistic for recovery
Arun Kumar Garodia, Chairman of EEPC India, noted a positive growth trend in the sector from August to October after a first-half slump in 2023, instilling hope for a continued upward trajectory.Read more
Fragile manufacturing industry recovery in 2025 reliant on prudent fiscal policies
The US and Europe are both on the brink of a short minor recession in 2024, as green shoots of a tentative recovery are seen elsewhere in the global manufacturing economy.Read more
India emerges as key global supply chain player despite challenges: BofA report
India's potential as a manufacturing powerhouse and export hub is hindered primarily by high logistics costs and a significant infrastructure gap, states the report.Read more
Indian Oil and Bharat Petroleum penalised with pollution control fines
IOC has been fined Rs 1 crore and BPCL Rs 2 crore, the two firms said in separate stock exchange filings.Read more
Vipul Organics Q-o-Q PAT up 42.06 % in Q1 FY24
Vipul Organics announces Q1 results for FY 2023-2024, Q-o-Q PAT up 42.06 per cent on standalone basis; up 76.49 per cent on consolidated basis.Read more
Bank GNPAs may touch low of 4% by FY24; MSMEs remain a concern area
Gross non-performing assets (GNPAs) of corporate segment is likely to fall below 2% next fiscal from a peak of 16% as on March 31, 2018; GNPAs of MSME (micro, small and medium enterprises) segment may rise to 10-11% by FY24 from approximately 9.3% as on March 31, 2022, says CRISIL Ratings.Read more
Volatile commodity prices posing challenges to economic recovery: Ind-Ra
The sustained pace of rising commodity prices is likely to pose challenges for the financial market, by way of abrupt volatility in key commodity prices such as crude oil, says India Ratings and Research (Ind-Ra) report.Read more
Alfa Laval opens heat exchanger production plant in Italy
The next generation manufacturing site in Italy is a part of its Industry 4.0 strategy and will produce brazed heat exchangers.Read more
ANDRITZ commissions new HERB recovery boiler at Kuantum Papers Limited
This is the first of six HERB recovery boilers currently being installed in India by ANDRITZ.Read more
