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GeM Portal Empowers Micro and Small Enterprises: Sales Set to Exceed $20 bn

GeM, the public procurement portal launched on August 9, 2016, facilitates online purchases of goods and services for all central government ministries and departments.Read more

Siemens Energy contemplates stake sale in Siemens Ltd to strengthen finances

Siemens AG already holds a 51% stake in Siemens Ltd, and increasing this shareholding could prove to be a strategic maneuver, more palatable to the group's shareholders.Read more

Valeo announces the sale of its thermal systems business in Russia to NPK Avtopribor

It will enable the 124 Russian employees in this business to keep their jobs. This sale will be carried out without any capital gain or loss.Read more

Air Purifier sales soar in North India amidst rising pollution threat

During the winter season, pollution levels in northern India tend to rise due to factors like stubble burning in Haryana and Punjab, vehicular congestion, and smoke from firecrackers.Read more

Asahi Kasei expands 3D printing filament sales in North America

The soft launch commences with filaments from the modified polyphenylene ether (mPPE) resin product line, XYRON, and will later extend to the Thermylene polypropylene (PP) group.Read more

Indian Auto retail surges: Record sales propel optimism despite inventory concerns

Indian automobile retail sales in September showed a 20% increase compared to the same period last year, reaching a total of 1.89 million units.Read more

Vedanta accelerates steel asset sale, focuses on core mining in restructuring move

Recently, Vedanta announced plans to restructure its operations, creating separate commodity-focused entities to strengthen its financial position.Read more

Volvo Group sales surged by 54% in the previous fiscal year

Volvo Group’s Sofia Frandberg, expressed strong confidence in India's potential for significant growth over the next decade.Read more

Volvo to phase out diesel models by early 2024 in pursuit of electrification by 2030

Although a significant proportion of Volvo's European sales comprised diesel vehicles as recently as 2019, this figure dropped to a mere 8.9% of the company's sales in 2022.Read more

India surpasses 1 mn EV sales in just 9 months, driven by growth factors

According to data from the Vahan Dashboard of the Ministry of Road Transport and Highways, a total of 1,037,011 EVs were registered with regional transport offices by September 19, constituting 6.4% of the nation's total automobile sales for the year.Read more

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