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India leads global AI adoption at 30%, surpassing average: BCG
The report, based on a survey of 1,000 executives across 59 countries and 20 sectors, reveals that 74% of companies globally have yet to see tangible returns from AI.Read more
ABB India upgrades Faridabad plant to enhance sustainability efforts
The facility has diverted 99% of its waste away from landfill, aligning with the company's long-term sustainability targets of zero waste to landfill.Read more
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 signs deal with Russia for advanced Pantsir air defence systems
The Pantsir system is a mobile, highly adaptable defence platform designed to shield military installations and critical infrastructure from a range of aerial threats, including aircraft, drones, and precision-guided missiles.Read more
Socomec appoints Devender Singh Manhas as Head - Commercial Supply Chain
With a workforce of 3900 employees, 12 production sites, and over 30 subsidiaries spanning five continents, Socomec Group is a key player in the industry. Headquartered in Chennai, Socomec India boasts branch offices across 12 locations nationwide, with a cutting-edge manufacturing facility situated in Gurugram, Haryana.Read 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
India aims for complete solar manufacturing ecosystem in 4-5 years: Avaada Group
Like the solar sector, hydrogen’s costs will only drop with significant investment and policy support, allowing prices to eventually compete with conventional fuels like grey and blue ammonia.Read more
Taiwan to permit 1,000 Indian workers for manufacturing sector
This policy will initially focus on manufacturing, with officials set to meet online every two months.Read more
Medical device sector applauds Centre's Rs 5 billion boost
The medical device market in India, valued at around $14 billion, is anticipated to grow to $30 billion by 2030, underscoring its importance in healthcare, from diagnostic tools to surgical devices.Read more
INOX to set up mini LNG terminal for Island Power Producers in the Bahamas
The contract would include the supply of 10 vacuum insulated storage tanks of 1500m3 capacity and a regasification system. Read more