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BEML’s Q2 profit drops amid weakening demand
BEML’s material costs, which constitute over half of its expenses, rose slightly by 0.2%, while total expenses dropped 7% to Rs 8.2 billion.Read more
“India is on track to reach 450 GW of installed renewable energy capacity by 2030”
Overall, we believe India is poised to create a favourable landscape for investment and innovation within the solar industry. Read more
India's new machinery safety rules to affect over 150,000 manufacturers
The MSME sector, which contributes about 30% of India's GDP and over 45% of exports, is voicing concerns and seeking an extension of the deadline.Read more
Hanwha Precision Machinery targets EMS markets in Mexico and India
At SMTA Guadalajara 2024, Hanwha presented its high-speed chip-mounters, HM520W and HM520, designed to meet Mexico’s diverse production needs, from small mobile devices to large automotive and network equipment.Read more
New safety regulations for machinery to impact MSMEs; GTRI
The regulations will impact around 90% of the estimated 150,000 manufacturers, affecting over 50,000 types of machinery, including critical industrial equipment such as pumps, compressors, cranes, and transformers.Read more
Danfoss stays the course in H1 2024; India remains the fastest-growing region
After three years of significant growth, the first half of 2024 has proven to be challenging for Danfoss due to lower demand in select key markets. Strong double-digit growth in H1 in India supported the Danfoss Group’s ambitious plans to double sales in the country by 2025.Read more
Tata Hitachi to invest Rs 2 billion in manufacturing plants for FY25
The company, a 40:60 joint venture between Tata and Hitachi of Japan, aims at ramping up localisation levels to 70% over the next 2-3 yearsRead more
Minda Corporation forms JV with Taiwan’s HCMF for sunroof and closure technology
The JV aims to provide cutting edge technology backed by the state-of-the-art manufacturing of sunroof and closure technology products for passenger cars by localisation in India.Read more
Road construction leaders launch RAHSTA Expo 2024 in Delhi
14th RAHSTA (Roads and Highways Sustainable Technologies & Advancement) Expo - India’s biggest road exhibition - will be held as a part 10th India Construction Festival 2024 at Jio Convention Centre, Mumbai, from October 9-10, 2024.Read more
Road construction industry launches RAHSTA Expo 2024 in Delhi
14th RAHSTA (Roads and Highways Sustainable Technologies & Advancement) Expo - India’s biggest road exhibition - will be held as a part 10th India Construction Festival 2024 at Jio Convention Centre, Mumbai, from October 9-10, 2024.Read more