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Tata Motors and NVS’ ‘Automotive Skill Labs’ train over 4000 students annually
Till date, 25 labs, fully equipped with essential tools, have been set up across select JNVs in Maharashtra, Karnataka, Gujarat, Jharkhand, West Bengal, Uttar Pradesh, and Uttarakhand.Read more
Ashok Leyland wins contract for 2104 fully built buses from MSRTC
Maharashtra State Road Transport Corporation (MSRTC) is one of the largest state transport undertakings in the country with over 15,000 buses.Read more
7 startups chosen by GoI for aerospace and defence sectors
The DRDO, under the Ministry of Defence, emphasised that these projects are a significant step towards self-reliance in defence technologies and will foster innovation among Indian startups.Read more
EV startup River to open Rs 10 billion manufacturing facility in Telangana
The company has already invested about Rs 2.5 billion in its R&D facility and leased factory in Bengaluru, which has a capacity of 100,000 units per year.Read more
MSME bodies ask RBI to extend threshold period for SMA-2 stressed loan accounts
MSME borrowers cannot utilise existing credit lines to pay dues when their accounts are classified under the SMA category, hindering their recovery efforts.Read more
Govt reopens application window for PLI scheme for AC & LED light manufacturing
This application period will run from July 15, 2024, to October 12, 2024, in response to increased industry interest.Read more
Altair & ARAI join hands to advance technology and digital transformation goals
This collaboration is set to harness state-of-the-art digital twin technology, data-driven design, and artificial intelligence (AI)-powered engineering solutions to help propel innovation and promote sustainability. Read more
Textile-leather industry hopes for revised inverted duty structure in new Budget
An inverted duty structure discourages domestic manufacturing by imposing higher import duties on raw materials and intermediate goods compared to finished products. Read more
LatentView Analytics acquires 70% stake in Decision Point for $39.1 million
Established in 2012, Decision Point has more than a decade of experience in developing AI-powered solutions and employs over 300 people worldwide.Read more
China faces plastic overcapacity; strains global trade relations
Some sectors of China's vast petrochemical industry are operating at half capacity as producers scale back.Read more