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Rising logistics demand expected to create 10 mn jobs in India by 2027, says TeamLease report

According to one of the leading staffing companies, TeamLease Services, the positive momentum in the logistics sector, which is growing at a 12% CAGR, is expected to add 10 million jobs by 2027.Read more

Schneider Electric India to make Rs 3,200 cr investment for growth by 2026

CEO & MD, Deepak Sharma who also holds the position of President for the Greater India region disclosed these investment details during an interview.Read more

Jindal SAW, Hunting Energy unveil $25 million OCTG plant in India

In the framework of this collaboration, the joint venture entity, known as Jindal Hunting Energy Services (JHESL), has invested more than $25 million to establish an Oil Country Tubular Goods (OCTG) threading plant located in Nashik.Read more

Tata Steel launches fully automated Construction Service Centre in UP

The fully automatic downstream manufacturing facility has a production capacity of 3,500 TPM (tonnes per month), and the company plans to set up another 10 such centres at different locations in the country.Read more

Bajaj Finance plans to venture into SME, 4-wheelers, tractor financing

During Q1FY24, Bajaj Finance recorded a significant increase, with 79.94 million new loans, representing a 34% growth compared to the previous year.Read more

Intel and Tower Semiconductor forge new partnership after failed acquisition

Tower Semiconductor will invest up to $300 million to acquire equipment and other assets that will be stationed within Intel's manufacturing facility in New Mexico, USA, operated by Intel Foundry Services.Read more

GeM to implement penal interest for delayed payments by govt departments

Provision to enable public procurement portal GeM to impose penal interest for making delayed payments to vendors by ministries and dpts will be fully operational from Sept end, a senior official said.Read more

Valeo launches Valeo anSWer, software solutions and services on demand

At IAA Mobility 2023, Valeo launches anSWer, a new offer of software as a product and as a service. This new open, scalable and modular offer includes best-in-class applications, middleware and services.Read more

India's First RC Track Bed for Mumbai-Ahmedabad High-Speed Rail takes shape

The design is inspired by Japanese Shinkansen system and the advanced track system consists of pre-cast track slabs onto which fastening mechanisms and rails are affixed.Read more

Manufacturing GVA lags behind despite positive economic indicators

In the first quarter of the preceding fiscal year, it remained stagnant at 17.2 per cent.Read more

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