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New scheme to strengthen India’s medical device industry to launch soon

Additionally, the Union Cabinet's approval of the National Medical Devices Policy last April is expected to further drive growth in the sector.Read more

Temasek considers selling stake from Schneider Electric India venture

Another possibility being considered is an initial public offering (IPO) of the stake.Read more

Government schemes to propel domestic EV manufacturing

The adoption of electric vehicles in India has surged, particularly in the two-wheeler and three-wheeler segments, following the government's decision to extend the EMPS subsidy until September 30. Read more

Cabinet approves Vigyan Dhara scheme to boost bio-manufacturing in India

The policy aims to enhance regenerative bio-economy models, promote green growth, and expand India's skilled workforce, thereby boosting job creation.Read more

Maximising safety in food production with efficient signal tower

Sesotec’s X-ray inspection devices reliably detect foreign bodies in food products. These X-ray scanners ensure maximum safety in food production thanks to the eSIGN LED signal tower.Read more

Rohde & Schwarz develops industry’s first ASIC-based zone triggering oscilloscope

Rohde & Schwarz further strengthens its oscilloscope portfolio by introducing the industry’s first ASIC-based zone triggering. It is up to 10,000 faster than competitive zone triggering offerings. Read more

Scimplify secures $9.5 million in Series A funding led by Omnivore

Founded in 2023 by Salil Srivastava and Sachin Santhosh, Scimplify operates as a business-to-business (B2B) platform that manages the end-to-end sourcing and manufacturing of specialty chemicals.Read more

MoPSW to develop new shipbuilding scheme to incentivise Indian shipyards till 2035

Additionally, global cruise giant MSC Cruises has shown interest in deploying ships for domestic routes in India. Read more

Wipro Hydraulics acquires US-based Columbus Hydraulics

Established in 1952, Columbus has built a reputation in the industry, delivering custom hydraulic solutions for a variety of applications including agriculture, construction, turf maintenance and marine applications.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

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