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Texmaco Rail reports 183% surge in Q1 net profit to Rs 357.3 million

In a strategic move, Texmaco Rail announced plans to acquire Jindal Rail Infrastructure for approximately Rs 6.15 billion.Read more

Man Industries to invest Rs 6 billion in new facility in Saudi Arabia

The new facility is expected to significantly boost MAN Industries' operational capacity and support its growth strategy in the Middle East.Read more

State oil companies are investing in petrochemical; despite facing oversupply

The aim is to boost the production of essential chemicals used in plastics, paints, and other industrial applications, which have historically been imported from countries like China.Read more

Intel achieves milestones with advancement of Intel 18A process node

Intel also disclosed that its first external foundry customer is expected to tape out on the 18A node in the first half of 2025, a crucial step for the company's expanding foundry business.Read more

Tyre manufacturer Continental might spin off automotive-electronics division

The potential move is aimed at enhancing flexibility and allowing the company to adapt more effectively to dynamic market conditions and the evolving software-driven technology landscape.Read more

IIT Madras receives biggest donation of Rs 2.28 billion from Krishna Chivukula

In recognition of his generosity, IIT Madras has named a new academic block the Krishna Chivukula Block. 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

SC decrees banks must follow procedure before classifying MSME loans as NPAs

The ruling was based on the 2015 notification by the Ministry of MSME, which established a framework for the revival and rehabilitation of MSMEs.Read more

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

Dassault Aviation to establish MRO facility for Mirage 2000 and Rafale fighters

Safran is also considering manufacturing M-88 engines in India, contingent on substantial orders from the IAF.Read more

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