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Return on equity of Indian manufacturing hits 10-year low; Citi
RoE, or return on equity, measures net profit as a percentage of net worth, indicating a firm's profitability and efficiency in using shareholder funds. 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
DEP hosts the 2W/3W Industry Conclave in three cities across India
The event included industry experts, professionals & leaders from renowned companies.Read more
KONE has the largest and fastest elevators in the tallest building in India.”
In this interview with Pratap Padode, Editor-in-Chief, Smart Manufacturing & Enterprises (SME), Amit Gossain, MD, KONE Elevator India, highlights the importance of safety and sustainability in the elevators and escalators industry, along with new growth opportunities.Read more
Demand for warehouse automation boosts amid 'Make in India' push
Economic growth boosts demand for logistics in India, with 13.5 million sq ft leased in Jan-Mar 2024. Tier-I cities saw a 25% increase, Tier II and III cities 20%. Read more
4 Ways connected cars are revolutionizing transportation
Connected cars represent a paradigm shift in the auto industry, offering both car manufacturers and consumers a wealth of advantages. Khalid Wani lists four ways in which connected cars are revolutionising transportationRead more
Modi Group unveils Rs 6,000 cr investment plan for wellness cities in India
The firm has allocated Rs 1,000 crore for a 2 million sq ft healthcare initiative in Delhi's Saket, along with an integrated township project in Rampur, Uttar Pradesh.Read more
JSW Steel unveils Rs 1 tn expansion plan, prioritising domestic capacities
JSW Steel's CEO, Jayant Acharya underscored a strong commitment to bolstering domestic capacities, recognising India's status as the world's second-largest consumer and producer of steel.Read more
HFCL secures Rs 67 cr order for optical fiber cables, also expands capacities
Scheduled for completion by April 2024, the order entails HFCL delivering various types of optical fiber cables tailored to meet the customer's specifications.Read more
Apple resists India's push for universal charging, citing production targets
The US tech giant is actively seeking an exemption or postponement while engaging in discussions with Indian authorities.Read more
