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Honeywell India partners with IISc to support deep science startups
HHSIF has extended research and financial support to over 40 Indian startups and nine entrepreneurs-in-residence (EIRs) through this collaboration.Read more
India Resurgence Fund to acquire Anthea Aromatics for $125 million
IndiaRF, which raised its inaugural $629 million fund with contributions from the Canada Pension Plan Investment Board (CPPIB) and World Bank’s IFC, invests across industrial, infrastructure, and consumer sectors, focusing on revitalising companies through recapitalisation and operational reformsRead more
India sets ambition to become global drone manufacturing hub: Rajnath Singh
Singh outlined adaptive defence as a strategy requiring situational awareness, flexibility, resilience, and integration with advanced technologies to respond effectively to unpredictable challenges.Read more
Dormer Pramet shifts identitly, to work as a single group
Dormer and Pramet will now officially operate under a single unified entity combining both the brands while Miranda and Precision continue to serve as local markets’ hero brands. Read more
Aditya Birla Group eyes further investments in US manufacturing and R&D
Aditya Birla Group, a prominent player in the U.S. metals and chemicals sectors through subsidiaries like Novelis and Aditya Birla Chemicals, announced a $50 million investment earlier this year for a new manufacturing and R&D center in Texas.Read more
Raghu Vamsi Group acquires UK's PMC Group
Its specialised manufacturing capabilities include machining complex parts up to 6 meters in length using advanced materials like nickel alloys.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
Innovative technologies in motion control attract new entrants to the market
Although new vendors have not acquired meaningful market share, as the supplier base has not yet consolidated, we expect they will increase their presence, especially in their local markets; China, Japan and Europe. There has been rapid expansion of the supplier base for linear smart conveyance systems, particularly in the Asia Pacific region, comments, Samantha Mou, Research Analyst, Interact Analysis.Read more
L&T expands aerospace focus amid India’s $44 billion space market boom
The first launch of a privately built PSLV is expected in early 2025, with each rocket costing approximately Rs 2 billion.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