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Global geared products market anticipates slowdown; India to prop up revenue

Interact Analysis forecasts a revenue decline of 1.9 per cent for the global geared motors and industrial gears market in 2024. It is expected that Indian and Southeast Asian markets will prop up revenue growth of geared products in APAC over the next couple of years. Read more

Hyperloop One shuts down amid contract failures and asset liquidation

Headquartered in Los Angeles, the company, known for achieving the world's first passenger ride on a super high-speed levitating pod system in 2020, will liquidate its remaining assets.Read more

India should slow down SUVs buying: Global NCAP, Exe. President

Mr David Ward, Executive president, Global New Car Assessment Programme (Global NCAP) shared insights at the three day ‘Global Road Safety Initiative’ organised by organised by the Institute of Road Traffic Education (IRTE).Read more

India cracks down on pharma: 76 companies ordered to halt production over poor standards

Show cause notices have been issued to over 75% of these companies, the insiders revealed. Of the samples collected from these manufacturing units, 15.1% have been identified as not meeting standard quality (NSQ) criteria.Read more

Quality certification slowdown in China hits Nike, Mitsubishi, Carrier

Government sources revealed that these companies have approached the government, seeking certification for their manufacturing units in other Asian countries.Read more

Schneider Electric announces the launch of EcoCare Services Membership in India

Unique Membership service provides access to experts, shorter SLAs for emergency response, 24X7monitoring for infrastructureRead more

CEAT's Mumbai plant shut down over pollution violations

CEAT received an email communication from the board regarding the violations and is currently reviewing the directive to take appropriate action.Read more

UAW escalates strikes, shuts down Ford's key plant, threatens Stellantis

In an unexpected move on, 8,700 union members at Ford's Kentucky truck plant in Louisville left their jobs. Union President Shawn Fain hinted at further action against Stellantis, expressing hope for more productive talks.Read more

Govt expresses concerns over Lava International arrest

Lava International, a beneficiary of the government’s production-linked incentive (PLI) scheme for domestic smartphone manufacturing, fell short of the revenue target set for fiscal year 2023.Read more

Indian industries hit hard: Unplanned downtime costs mn, urgent shift needed

A recent global survey titled Read more

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