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Tata Electronics and Tokyo Electron to build India's first chip fab facility
These investments total Rs 910 billion and Rs 270 billion, respectively, aiming to serve global markets with semiconductors for automotive, mobile, AI, and other sectors.Read more
Emerson proposes $15 billion buyout to acquire remaining AspenTech stake
Under the new proposal, Emerson would pay $240 per share in cash, amounting to around $6.53 billion for the stake it does not own.Read more
Kataria Industries buys Ratlam Wires' manufacturing unit for Rs 306 million
Kataria Industries specialises in producing low relaxation pre-stressed concrete (LRPC) strands and post-tensioning anchorage systems, primarily used in infrastructure, road, bridge, and power transmission projects.Read more
L&T to acquire 21% stake in E2E Networks in Rs 13.27 billion deal
E2E Networks specialises in CPU and GPU-based cloud computing platforms, leveraging its relationship with NVIDIA to support large-scale general and AI workloads. Read more
Shyam Metalics rises 3% on new blast furnace and sinter plant in West Bengal
The facility also features an 18 MW top gas pressure recovery turbine (TRT), which improves energy recovery by 10%, and an evaporative cooling system that reduces water and power consumption by 20% compared to standard systems.Read more
Indonesia bans Google Pixel after iPhone block over local sourcing rules
The Google Pixel ban follows the recent prohibition of Apple’s iPhone 16, which was similarly blocked due to Apple’s alleged failure to fulfill local investment commitments.Read more
Apollo Green to invest Rs 15 billion in renewable projects
India’s renewable energy capacity accounts for 46.3% of the country’s total installed electricity capacity, with solar power leading the charge. Read more
Burkert unveils manufacturing facility in Pune to expand Indian operations
Initially, the facility will focus on manufacturing mass flow controllers, angle seat valves, diaphragm valves, and system solutions, with plans for phased expansion to support India’s diverse industrial needs.Read more
Schneider Electric replaces CEO Peter Herweck amid disagreements
Herweck, who served as CEO for 18 months, will be succeeded by Olivier Blum, currently leading Schneider's Energy Management division.Read more
India’s manufacturing PMI rises to 57.5 in October
About 10% of survey respondents reported increased staffing, while only 1% reduced jobs.Read more