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IESA proposes key reforms for India's Energy Storage Sector ahead of budget session

This initiative aims to extend electricity access across the country. In the previous year's Union Budget, Viability Gap Funding for 4GWh of projects was announced as part of a $4 billion 'Green Growth' package.Read more

Jindal Stainless navigates Red Sea crisis, adjusts export targets, eyes European expansion

Due to the Red Sea issue, both time and cost associated with shipments to Europe have increased. Jindal anticipates a decline in Q4 export sales, revising the target from 15% to around 12%.Read more

Ashok Leyland bags order for 1225 buses from Karnataka State Transport Undertakings

Ashok Leyland has been the most preferred brand by Karnataka State Transport Undertakings (STUs), boasting a fleet of over 11,680 operational buses.Read more

Antunes unveils state-of-the-art cooking equipment factory near Chennai

This marks Antunes' third manufacturing unit, complementing its existing facilities in the United States and China. The company boasts a distinguished clientele, serving major quick-service restaurants (QSRs) such as McDonald’s, Burger King, KFC, and Popeyes.Read more

Synaptics eyes robust growth in India's smart devices market through MII

Michael Hurlston, the President and CEO of Synaptics, shared that a significant opportunity has surfaced as local manufacturers seek semiconductor and software providers to enhance the scale of domestic production in these device categories.Read more

ADF Foods targets revenue doubling every 3 yrs, eyes domestic growth

The company aims to capitalize on the increasing demand for pre-cooked food items in both international and domestic markets.Read more

Honeywell CEO unveils growth plan focused on aviation, automation, energy transition

In a noteworthy announcement, Honeywell's Global CEO, Vimal Kapur expressed confidence in the growth potential of Honeywell's business in India, foreseeing a doubling of its size over the next five years.Read more

Ministry targets July 2024 for certification of 85 Applicants in automotive PLI scheme

The Ministry of Heavy Industries (MHI) plans to initiate the disbursement of incentives under the scheme in the financial year 2025.Read more

EY forecasts extension of 15% corporate tax rate in 2024 budget

EY predicts that the interim Budget may push back the deadline for commencing manufacturing from March 31, 2024, to March 31, 2025, for companies benefiting from the 15% concessional income tax rate.Read more

Bhavika Plastek cut down on annual carbon emissions by 430 tons

In a strategic move towards sustainability, Bhavika Plastek made a significant environmental commitment in 2020 by installing a state-of-the-art 311 KW solar plant at its manufacturing facility in Hyderabad.Read more

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