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Schaeffler India acquires fast-growing B2B e-commerce platform Koovers
Koovers is a brand of KRSV Innovative Auto Solutions Private Limited. Schaeffler has acquired 100 per cent of the company’s shares via a share purchase agreement.Read more
Modulus Alternatives commits Rs 1.5 bn to Shivam Autotech in debut private credit fund investment
The investment is set to originate from the resources under the management of Modulus Alternatives, which includes their second fund, the India Credit Opportunities Fund II.Read more
UK consortium launches I-Break Project for aerospace innovation
Under the aegis of the Aerospace Technology Institute (ATI) Programme, I-Break receives funding as part of a broader United Kingdom government initiative, with £218 million earmarked for pioneering research and development endeavours in the aerospace sector.Read more
Asia's export powerhouses face manufacturing slump amidst weak demand
According to manufacturing purchasing managers' surveys released by S&P Global and au Jibun Bank, factories in North Asia witnessed declines in new orders, production, and export sales.Read more
Bids open for solar module project in Tamil Nadu: NCL India
The project's scope encompasses the entire process from production to delivery, including packaging, forwarding, and transportation to the mining site.Read more
RIL unveils ambitious new energy ventures
Dhirubhai Ambani Green Energy Giga Manufacturing Complex, Solar PV Manufacturing Ecosystem, Solar PV Manufacturing Ecosystem, Cost-Efficient Wind Power Generation, Battery Giga Factory, and Sodium-Ion Battery Technology, Green Hydrogen are included project names.Read more
Global majors are shifting their R&D base to India
…says T V Mohan, Country Head and Managing Director - India, Andreas Maier Workholding Technology, the Indian subsidiary of the European-major, AMF. It provides over 5000 products in the field of the fields of clamping, hand tools and locks. He added that they are also looking to increase the quantum of local content in the future.Read more
Tube & Pipe Fair gets launch at 5th edition of Cable & Wire Fair in October 2023
Tulip 3P Media is all set to organise bi-annual B2B exhibition Cable & Wire Fair, 2023 at Pragati Maidan, New Delhi in the first week of October. The international B2B exhibition, Tube & Pipe Fair, will assist the global tubes and pipes industry in harnessing the benefitsRead more
Yuma Energy collaborates with MCD, BRPL for battery swapping stations
As part of the collaboration Yuma Energy will set up battery swapping stations across Delhi in a move to support the evolving e-mobility ecosystem in the capital. Yuma currently supports half a million swaps and serves 125,000 customers every month.Read more
India has moved up with two spots in machine tool production worldwide
Indian Machine Tool Manufacturers' Association (IMTMA) is the apex industry body for the machine tool sector in India. Rajendra S Rajamane, Vice President, IMTMA in this interview talks about the production growth and export achievements of Indian Machine tool industry. Indian machine tool production has reached around Rs 11,956 crore in FY23, he mentioned during the interview.Read more