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NIIF’s India-Japan fund to invest Rs 400 cr in Mahindra Last Mile Mobility
Fund focuses on investing in environmental sustainability and low carbon emission strategies, while also promoting investments by Japanese companies into India.Read more
Sundram Fasteners signs MoU with Tamil Nadu govt for Rs 1,411 cr investment
The planned investment spans up to 2027–2028 and will be used for capacity expansion of existing products, including components for electric vehicles.Read more
Vedanta Aluminium joins International Aluminium Institute (IAI)
Vedanta Aluminium is also India’s largest producer of the metal, manufacturing 2.29 million tonnes of aluminium in FY23, nearly 60% of the nation’s aluminium.Read more
Industry urges customs duty cuts for green hydrogen viability in India
Renewable energy devices such as solar modules face substantial customs duties and taxes upon import, rendering the establishment of Green Hydrogen facilities economically uncompetitive, according to experts.Read more
Union Health Ministry enhances Pharma Quality Control with Revised Schedule M rules
Schedule M outlines the Good Manufacturing Practices (GMP) for pharmaceutical products, and the revised version aims to ensure adherence to GMP standards, emphasising the requirements for premises, plant, and equipment related to pharmaceutical production.Read more
Modi Group unveils Rs 6,000 cr investment plan for wellness cities in India
The firm has allocated Rs 1,000 crore for a 2 million sq ft healthcare initiative in Delhi's Saket, along with an integrated township project in Rampur, Uttar Pradesh.Read more
RDC celebrates 100th plant milestone in Surat, targets Rs 2,500 cr revenue
With a monthly delivery capacity of 4 lakh m3 (cubic meters) catering to various sectors, RDC has set an ambitious target to extend its reach to every state and Union territory in the country.Read more
Piyush Goyal upbeat on India's export outlook despite global slowdown
Goyal highlighted the noteworthy achievement of India's goods and services exports, surging from $500 billion two years ago to an impressive $776 billion in 2022-23.Read more
Jupiter Wagons, BEML secure Rs 802 cr defence contracts
Additionally, BEML secured orders amounting to Rs 329 crore for 56 units of the mechanical minefield marking equipment Mark II, according to a statement released by the defence ministry.Read more
Ola Electric secures PLI certification, paving the way for subsidies, boosting EV affordability
This achievement marks Ola Electric as the first Indian electric two-wheeler (e2W) company to secure certification under the PLI scheme, with the ministry reportedly granting approval on December 27 after a four-month process.Read more