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EV Battery prices drop 10% in August amidst dampened demand
As reported by market research firm TrendForce, the average price drop for cells used in EV batteries reached 10%, underscoring a lackluster growth trend in the EV battery market.Read more
RKFL aims to double revenue with Strategic Expansion Plan
The company, headquartered in Calcutta with manufacturing facilities in Jamshedpur, is pinning its hopes on several key developments including acquisition of JMT Auto.Read more
Reliance Industries explores entry into Semiconductor Manufacturing
At present, the names of the foreign chip manufacturers involved in these discussions remain undisclosed. The decision to invest in semiconductor manufacturing has not been finalised.Read more
Coimbatore MSMEs embrace EV Industry with Skilling Program
This initiative is a collaborative effort between the Facilitating MSMEs in Tamil Nadu (FaMe TN) and the World Resources Institute (WRI-India).Read more
Samson Controls celebrates expansion in alignment with Atmanirbhar Bharat Abhiyan
Samson Controls Pvt Ltd (SCPL), a wholly-owned subsidiary of Samson AG, Frankfurt, is a major player in the industry with two manufacturing units in Ranjangaon, Pune, and a network of eight sales offices and three service centres across India.Read more
Tamil Nadu gears up for Global Investors Meet 2024, focuses innovation, job creation
Global Investors Meet (GIM) scheduled to take place in Chennai in January 2024. In November 2022, the Tamil Nadu Smart and Advanced Manufacturing (TANSAM) was inaugurated, established by TIDCO in partnership with Siemens. Read more
Tata Steel, ABB India collaborate to cut carbon in steel production
The partnership between these two companies will primarily involve comprehensive assessments of Tata Steel's manufacturing facilities, with a focus on evaluating and jointly developing strategies to enhance energy efficiency.Read more
India offers $452 mn incentives for Green Battery Storage Boost
Information Minister Anurag Thakur revealed that this program will actively support the development of a storage capacity of 4,000 megawatt hours (MWh) by the year 2030-31.Read more
L&T secures $3.9 bn contracts for Saudi Aramco's Jafurah expansion
L&T's market capitalisation surpassed the Rs 4 trillion mark for the first time ever, reaching an intraday high of Rs 4.01 trillion before settling at Rs 4 trillion.Read more
AVAADA Group partners with Tata Steel SEZ for Green Hydrogen & Ammonia Unit in Odisha
The unit will be set up at Gopalpur Industrial Park in Ganjam district in Odisha. The project is expected to generate around 1,600 direct and 4,000 indirect employment opportunities and aims to curtail nearly 2 million tonne of Co2 emissions annually.Read more