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Bharat FIH shuts R&D and supply chain subsidiary amid revenue decline

In 2021, Bharat FIH had established two subsidiaries—Bharat Taiwan Corporation and Rising Stars Hi-Tech—to enhance research, product development, and engineering capabilities. Read more

Minda Corporation achieved highest ever consolidated revenue of Rs 12.90 billion

During the quarter, the company signed a Technology Licensing Agreement with SANCO (China) to locally develop advanced Electrical Distribution Systems (EDS) solutions. Read more

Wagon makers set for 20% revenue growth this fiscal: CRISIL

With order books standing at 2.3 times the revenue of wagon makers, the sector is expected to operate at 90% capacity this fiscal, up from less than 50% in fiscal 2021. Read more

BEML to expand Vande Bharat and metro trains; boost export revenue to 10%

The company is exploring potential markets in the Middle East, South America, and the ASEAN region.Read more

Bharat Forge Q1; Defence revenue up 147%, order book at Rs 54 billion

The profit was impacted by an exceptional loss of Rs 1.46 billion, including an impairment provision of Rs 1.45 billion related to its investment in Tork Motors Pvt. Ltd., where Bharat Forge holds a 64.29% stake.Read more

Siemens Limited announces 7% increase in revenue, 25% rise in PAT in Q3 FY 24

The new orders stood at Rs 62.45 billion, an increase of 18% over the same period last year. Read more

Minda Corporation reports consolidated revenue of Rs 11.92 billion for Q1 24

During the quarter, the company signed a Joint Venture Agreement with HCMF for Automotive Sunroof Solutions and Closure Systems. Read more

Abilities India to drive revenue growth with patented technologies

Abilities India announces the patent for its groundbreaking High-Pressure Die Casting (HPDC) process for lightweight piston manufacturing; expected to reduce the weight of 2W/3W pistons by 10-15%.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

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