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India’s API industry expected to grow 7-8% in FY25
The operating profit margin (OPM) is forecasted to rise to 12-14%, up from 11-13% in the previous fiscal year.Read more
FDI in manufacturing reaches $165 billion; 69% growth over last decade
This sector surge is largely driven by production-linked incentive (PLI) schemes.Read more
State oil companies are investing in petrochemical; despite facing oversupply
The aim is to boost the production of essential chemicals used in plastics, paints, and other industrial applications, which have historically been imported from countries like China.Read more
Siemens Limited announces 7% increase in revenue, 25% rise in PAT in Q3 FY 24
The new orders stood at Rs 62.45 billion, an increase of 18% over the same period last year. Read more
Studer’s renewed cylindrical grinding machines
A machine overhaul by studer breathes new life into an old cylindrical grinding machine and provides the same precision as the day it was delivered. Read more
Vipul Organics develops organic intermediate to be used by auto industry
The application of this specialty chemical will lead to better durability and performance of the shock absorbers and bumper extensions by adding on a compound that is resistant to wear and impact.Read more
Shveta Ayra appointed MD of Cummins India; Ashwath Ram moves to Cummins Inc. USA
She replaced Ashwath Ram, who has resigned as MD, Director, and Key Managerial Personnel (KMP), as he will be assuming a full-time global role with Cummins Inc., USA. He will relinquish his position on August 31, 2024, along with his respective committee positions as well. Read more
Gulf Oil India's PAT grows 9.04 % reaching Rs 8.85 billion in Q1
The quarter saw continued strong growth in B2C distribution, resulting in good growth in both commercial and personal mobility segments. Read more
Sterlite Power wins Rs 15 billion worth orders in Q1 FY25
The new set of orders, won across the domestic and international market in Q1 FY25, builds on the total order book of over Rs 65.6 billion at the start of this financial year.Read more
Cummins India total sales stand at Rs 22.62 billion for June quarter
Exports sales at Rs 3.89 billion decreased by 22% compared to the same quarter last year and increased by 13% compared to the previous quarter. Read more