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Bharat FIH shuts R&D and supply chain subsidiary amid revenue decline
In 2021, Bharat FIH had established two subsidiaries—Bharat Taiwan Corporation and Rising Stars Hi-Tech—to enhance research, product development, and engineering capabilities. Read more
Balu Forge and Swan Energy partner for railways, defence, and aerospace ventures
According to an exchange filing, BFIL will hold a 40% stake in the SPV, with SEL taking the remaining 60%. Read more
PG Electroplast enters electric vehicle manufacturing for Spiro Mobility
Spiro Mobility, which recently opened a Global Technology Office in Pune, India, is planning to develop green mobility solutions for the Indian market.Read more
Mahindra’s Thar ROXX, XUV 3XO, and XUV400 earn 5-Star Bharat-NCAP rating
Thar ROXX has made history by becoming the first body-on-frame SUV to secure a 5-star Bharat-NCAP rating, achieving the highest overall score by any ICE vehicle in Bharat-NCAP testing.Read more
Mushin Labs raises $250K in seed series round led by Inflection Point Ventures
Mushin Innovation Labs, a pioneering SaaS startup, is transforming the automotive manufacturing industry with its advanced digital solutions. Read more
India Resurgence Fund to acquire Anthea Aromatics for $125 million
IndiaRF, which raised its inaugural $629 million fund with contributions from the Canada Pension Plan Investment Board (CPPIB) and World Bank’s IFC, invests across industrial, infrastructure, and consumer sectors, focusing on revitalising companies through recapitalisation and operational reformsRead more
Vedanta Limited plans $500 million investment in AvanStrate Inc.
With extensive operations and R&D capabilities across Taiwan, South Korea and Japan, ASI aims to accelerate the development of next-generation glass products designed for advanced packaging and potential applications in the semiconductor, biotechnology, automotive displays, and other high-growth sectors. Read more
Schaeffler to lay off 4,700 jobs amid challenges in Europe’s auto sector
Overall, the job cuts will affect around 3.1% of Schaeffler's workforce of 120,000, which increased after its merger with electric powertrain specialist Vitesco.Read more
US pharma firm Alkomex expands R&D in India with new leadership
This partnership strengthens Alkomex's capabilities in creating nutraceuticals—foods, ingredients, and dietary supplements with potential health benefits—and supports its mission to contribute to global wellness.Read more
Six industries drive over half of India’s formal manufacturing GVA: NSO
In FY23, industries such as basic metals, chemical products, refined petroleum, motor vehicles, pharmaceuticals, and food products collectively contributed 52.6% to the manufacturing GVA.Read more