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Indian MCE industry reports 5% Y-o-Y growth in Q1 FY2025: ICRA
Road construction drives 35-45% of MCE sales in India followed by mining (20-30% share), real estate (10-20%), and othersRead more
Lazard report suggests India is on track on becoming a global manufacturing hub
Finance Minister Nirmala Sitharaman emphasised support for MSMEs and labour-intensive manufacturing, including the extension of the Mudra loan limit from Rs 1 million to Rs 2 million.Read more
India's counter-drone market to expand 28% annually in five years; report
The surge in the drone market is driven by the increasing need for systems to counter aerial threats. Read more
61% global manufacturers expect AI to drive growth by 2029; ZT report
While digital transformation is a priority for manufacturers, around 30% to 40% of global and APAC, including India, respondents recognise achieving it is fraught with obstacles, including the cost and availability of labour, scaling technology solutions, and the convergence of information technology and operational technology (IT/OT).Read more
SIAM hosts workshop and unveils ‘SIAM EV Talent Landscape in India’ report
The report was unveiled by Chief Guest, Shri H D Kumaraswamy, Hon’ble Union Minister of Heavy Industries & Steel, Government of India.Read more
Assessing critical risks in workplaces
A critical risks safety audit identifies and evaluates situations posing significant risks of injury or harm to individuals and assets.Read more
Honeywell unveils batch historian software to digitalise manufacturing tasks
The new solution leverages simple drag-and-drop tile configuration, eliminating the need for advanced programming skillsets or detailed historian database knowledge to develop reports.Read more
India witnessed $29.6 billion in private equity investments
The investment distribution in 2023 saw a notable shift with traditional sectors such as manufacturing, healthcare, and energy, accounting for about 75 % of the total investments, up from around 60 % in 2022.Read more
Mahindra Auto reports a 17% growth in May 2024
The Mahindra Group enjoys a leadership position in farm equipment, utility vehicles, information technology and financial services in India and is the world’s largest tractor company by volume; a strong presence in renewable energy, agriculture, logistics, hospitality and real estate.Read more
RHI Magnesita India reports 8% Y-o-Y rise in Q4 FY 23-24 revenue
The total income of the company stands at Rs 37.92 billion; up 38% Y-o-Y.Read more