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Samvardhana Motherson reports Q1 results; rise in profit, loss in share price
Following the results, Samvardhana Motherson's shares fell by as much as 4.5%, closing 2.8% lower at Rs 182.9. Despite this decline, the stock has gained 70% in 2024.Read more
CDSCO mandates GMP compliance for sterile equipment manufacturers
This move marks a significant shift, as GMP compliance was previously required only for drug manufacturers.Read more
India’s API industry expected to grow 7-8% in FY25
The operating profit margin (OPM) is forecasted to rise to 12-14%, up from 11-13% in the previous fiscal year.Read more
Experts advocate for major reforms to attract manufacturers to India
They suggest that now is the time for substantial policy reforms to enhance India's manufacturing sector.Read more
Sluggish growth in automation market; machine-integrated robots gain momentum
Partnerships are increasingly being announced between robot vendors and automation providers to develop new products and solutions.Read more
GOI tightens disclosure norms for domestic solar manufacturers
This directive, issued via a notification on August 7, requires companies to self-certify as producers of indigenous solar components.Read more
SIAM hosts 10th automotive logistics conclave on enhancing automotive logistics
The conclave explored the most recent advancements and strategies that are expected to influence the future of the automotive logistics sector in India.Read more
Tyre manufacturer Continental might spin off automotive-electronics division
The potential move is aimed at enhancing flexibility and allowing the company to adapt more effectively to dynamic market conditions and the evolving software-driven technology landscape.Read more
Bangladesh crisis causes major losses to Indian auto manufacturers
Data from the Ministry of Commerce and Industry shows that Indian two-wheeler exports to Bangladesh were 3.6% by value in FY24, down from 3.69% in FY23 and 3.72% in FY22.Read more
India's construction equipment sector to touch $25 billion by 2030; ICEMA
Currently the world’s third-largest market for construction equipment, India’s CE industry is valued at approximately $10 billion (FY24).Read more