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Scimplify secures $9.5 million in Series A funding led by Omnivore

Founded in 2023 by Salil Srivastava and Sachin Santhosh, Scimplify operates as a business-to-business (B2B) platform that manages the end-to-end sourcing and manufacturing of specialty chemicals.Read more

India’s API industry expected to grow 7-8% in FY25

The operating profit margin (OPM) is forecasted to rise to 12-14%, up from 11-13% in the previous fiscal year.Read more

Wipro Hydraulics acquires US-based Columbus Hydraulics

Established in 1952, Columbus has built a reputation in the industry, delivering custom hydraulic solutions for a variety of applications including agriculture, construction, turf maintenance and marine applications.Read more

Semiconductors, EVs and electronics to head India's capex by FY2028; ASK Capital

Capex for the manufacturing sector was approximately $264 billion over FY2019-2023, averaging around $53 billion annually.Read more

Indian manufacturing sector sentiments improved for Q1 24-25: FICCI

The survey reveals that 78% of respondents anticipate higher or stable production levels, up from 57% in the previous year.Read more

Budget 24-25: Rs 11.11111 trillion allocated for capital expenditure

To encourage the states to provide support of similar scale for infrastructure, the Finance Minister Smt Nirmala Sitharaman announced a provision of Rs 1.5 trillion for long-term interest free loans this year. Read more

Hitachi Hi-Rel Power Electronics and VGEC, to educate power electronics students

The MoU signing ceremony took place at the Auditorium of Vishwakarma Government Engineering College (VGEC) on July 5, 2024. Read more

Lip-Bu Tan to be advisor for Yali Capital; India’s first deep-tech venture fund

The next step for India should be to design and build its own products and create its own homegrown semiconductor brand.Read more

EV startup River to open Rs 10 billion manufacturing facility in Telangana

The company has already invested about Rs 2.5 billion in its R&D facility and leased factory in Bengaluru, which has a capacity of 100,000 units per year.Read more

EV demand increasing rapidly in Indian cities; BloombergNEF

In 2023, Rajasthan’s capital Jaipur accounted for more than 79% of all electric cars sold in the state’s five tier 2 cities that were analysed. Read more

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