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CEAT appoints Debashish Roy as Chief Digital Transformation Officer
His expertise combines a unique blend of digital and IT strategy, data and analytics, program management, product and process innovation, change management, ecosystem partnerships, omnichannel customer experience, new business models, and cross-functional team communication and management.Read more
India's manufacturing PMI slips to 56.5 in November amid rising competition
Input cost inflation reached its highest level since July, with items like chemicals, cotton, leather, and rubber seeing price hikes. Read more
Japanese firms eager to invest in India’s semiconductor sector: Deloitte
In July, Japan joined the US as the second Quad partner to sign a memorandum of understanding with India, focusing on collaborative development in semiconductor design, manufacturing, equipment research, talent cultivation, and boosting supply chain resilience.Read more
Slowing demand to curb auto component revenue growth to 6-8%
Exports are vital, currently constituting 15% of total revenue, down from about 17% in fiscal 2022. Although export growth is slowing, India's increasing share of high-margin, critical components— accounting for around 60% of export revenue in fiscal 2024 — will support profitability. Read more
Danfoss India plans to accelerate localisation of HVACR compressors and controls
The decision to invest in ramping up local manufacturing capabilities in India will help minimise the company’s dependency on imports for the Indian market.Read more
Pricol Limited to acquire Sundaram Auto Components’ Injection Moulding business
The debt-free acquisition is being made through an all cash deal for an amount of Rs 2.15 billion and is subject to adjustments, if any, as defined in the agreement at the time of closing the deal.Read more
Companies can create policies essential for meeting regulations: Kumar Ritesh
Effective communication and cooperation with operational technology teams is vital, as handling an event in a manufacturing setting involves the challenge of acting quickly while also minimising disruption to production.Read more
Robust cybersecurity regulations offer an organised framework: Praveen Kulkarni
In order to prevent cyber threats in India's vast network of factories, particularly those connected to Industrial IoT (IIoT), AI-driven predictive maintenance is being used more and more to proactively resolve security flaws in manufacturing equipment.Read more
Murugappa family to acquire hubergroup in $310 million deal
The partnership will enable hubergroup to capitalise on emerging opportunities in regions with growing demand for high-quality chemicals and print and packaging solutions. Read more