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India's global FDI share drops to 2.1% in 2023
Nearly 49.5% of FDI during October 2019–March 2024 went to Maharashtra and Gujarat, 30.3% to the Karnataka-Tamil Nadu-Andhra-Telangana region, and the remaining 17.8% to Delhi and Haryana.Read more
Global youth unemployment hits 15-year low of 13% in 2023: ILO
The rate is projected to decline further to 12.8% in the coming years.Read more
Over 500,000 industrial robots shipped in 2023 globally
The industrial robot market growth trajectory is in line with global manufacturing output figures.Read more
Section 43B(h): Boon turning into bane
India is home to the world’s biggest micro, small and medium enterprises (MSMEs) community (more than 60 million) who contribute around 29.7 per cent of the country’s GDP. Read more
Global cobot market exceeds $1bn in 2023; strong growth forecast 2024-28
There has been a clear shift from individual to holistic solutions.Read more
Jindal Aluminium produces 115,920 MT of aluminium extruded products in FY23-24
Operating three cutting-edge manufacturing plants located in Bengaluru, Dabaspet (Karnataka), and a newly acquired facility in Bhiwadi (Rajasthan), Jindal Aluminium boasts a total manufacturing capacity of 2.35 lakh tonnes per annum. Read more
IIT Madras raises Rs 5.13 billion for technology R&D in FY 2023-24
IIT Madras raised a record-breaking Rs 5.13 billion in funding during FY 2023-24 from alumni, industry, and individual donors, with an additional Rs 7.17 billion in pledges. The funds will be utilized for technology research, student scholarships, and infrastructural development.Read more
Top 10 Global E-Vehicle makers trust Continental Tires in 2023
In the Asia-Pacific region, Continental is supplying all five highest-volume manufacturers for the first time, as already in the EMEA and the Americas regionsRead more
Vipul Organics announces Q3 results for FY 2023-2024
Total Revenues in Q3 of 2023-24 stood at Rs 3761 Lakh, up 34.88% from Q3 of 2022-23.Read more
Low voltage AC drive shipments exceed 20 m in 2023
According to the market intelligence specialist, the pace of low voltage (LV) AC drive market growth slowed last year and is expected to continue to do so in 2024, with steady growth returning to the global drives market in 2025.Read more