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Ola Electric secures PLI certification, paving the way for subsidies, boosting EV affordability
This achievement marks Ola Electric as the first Indian electric two-wheeler (e2W) company to secure certification under the PLI scheme, with the ministry reportedly granting approval on December 27 after a four-month process.Read more
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
Altair announces Future.Industry 2024 global flagship event
The company’s flagship annual event, which will take place virtually on March 6-7, 2024.Read more
RECPDCL signs MoU with govt of Gujarat for Smart Metering project
The MoU was signed ahead of Vibrant Gujrat Summit 2024 by Jai Prakash Shivahare, IAS, MD, GUVNL and Rajesh Kumar Gupta, CEO, RECPDCL in presence of Chief Minister of Gujarat, Bhupendra Patel. Read more
L&T Construction wins turnkey contract for Amaala's Sustainable Mega Project in Saudi Arabia
Situated within the Prince Mohammed bin Salman Natural Reserve along Saudi Arabia’s northwestern coast, Amaala is an ultra-luxury destination covering 4155 square kilometres.Read more
China surges as top buyer of Indian Iron Ore, driving exports to record levels
Iron ore serves as a crucial feedstock, primarily utilised by China in steel production. Interestingly, India competes with China globally in the market for finished steel products such as hot rolled coils.Read more
EKA Mobility secures $100 mn Investment for EV Manufacturing in India
Under the agreement, Mitsui and VDL will jointly invest approximately Rs 830 crore in EKA Mobility, acquiring 'significant' minority stakes. The funds will be allocated to expand research and development efforts and increase manufacturing capabilities.Read more
Ministry launches MedTech Mitra to propel growth in medical devices industry
Minister Mansukh Mandaviya, inaugurating the platform virtually, expressed confidence in the potential for India's medical devices industry to reach $50 billion by 2030.Read more
Servotech to establish EV charging R&D lab, Centre of Excellence for students
Company plans to set up and commission a charging station equipped with a 14 kW EV Charger, suitable for 2, 3 & 4 wheelers, within Lloyd’s premises.Read more
Five defining features of the best building permit software
Permit management software is a growing field. Construction professionals must learn what separates the best of this software from the rest to make the most informed decisions amid that development, says Emily Newton.Read more