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PMI Electro Mobility seeks Rs 250 Cr funding for production expansion
The company, currently in the process of establishing a new manufacturing facility in Pune, anticipates making an estimated investment of around Rs 150 crore to facilitate the expansion.Read more
Addverb bags Brandon Hall Global HCM Excellence Award
The company earned this prestigious accolade for their innovative "First-Time Manager" initiative, recognised in the "Best Development Program for Frontline Leaders" category.Read more
Embraer SA explores partnership with Indian firms for Defence Transport Aircraft Manufacturing
The firm anticipates announcing its chosen partner by December. He further mentioned that the potential partnership could extend to the production of commercial aircraft.Read more
India's Q1 FY24 GDP growth hits 7.8% despite challenges ahead
According to data released by the National Statistical Office, the services sector was the driving force behind the growth in this quarter. As a result, the economy is now 13.8% larger than it was in the pre-pandemic first quarter of FY20, in real terms.Read more
Landmark GE-HAL deal ushers in New Era in India-US tech ties
For India, this pact holds the potential to bridge the divide between domestic manufacturers and global standards, enhancing both defence deterrence and offensive capabilities.Read more
Philips expands personal health product production in India
Philips' manufacturing presence in the country extends beyond Baddi, Himachal Pradesh, as they also operate a co-manufacturing facility in Silvassa Union Territory.Read more
India has moved up with two spots in machine tool production worldwide
Indian Machine Tool Manufacturers' Association (IMTMA) is the apex industry body for the machine tool sector in India. Rajendra S Rajamane, Vice President, IMTMA in this interview talks about the production growth and export achievements of Indian Machine tool industry. Indian machine tool production has reached around Rs 11,956 crore in FY23, he mentioned during the interview.Read more
Gruner Renewable Energy announces India’s first Napier Grass Bio-CNG Plant
Gruner Renewable Energy (GRE) and BioEnergy Germany have signed the partnership agreement to develop 100 Bio-CNG plants using multiple feedstocks like Napier grass, in India.Read more
Greaves Cotton announces Q1, FY24 earnings, EBITDA stood at Rs 45 Cr
Greaves Cotton saw a growth of 63 per cent y-o-y, and improvement in margins by 4 bps to 11.3 per cent. Company’s new acquisition Excel's revenue stands at Rs 39 crores with robust margins.Read more
Amara Raja lays foundation stone for E Positive Energy Labs
Amara Raja’s advanced energy research and innovation centre is located at GMR Aerocity near Hyderabad airport.Read more