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Carraro India files draft papers for Rs 18.11 billion IPO with SEBI
The company generated 64.82% of its revenue from domestic sales last year.Read more
Manufacturing tech startup Fabrication Bazar raises $3 million funding
The profitable start-up Fabrication Bazar (Ben & Gaws), which has built a network of nearly 330+ verified vendors across India and Vietnam, will use the funds to further enhance the tech platform, increasing geographic presence primarily in GCC and SEA regions, and team expansion.Read more
AI-led demand for Indian data centres to add 500 MW of capacity in next 4 years
The sector doubled from 540 MW in 2019 to 1,011 MW in 2023, making India among the fastest-growing DC markets globally.Read more
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