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Remswegs Marketing aims for 25% growth in FY24
The company is into hydraulics, welding, bearings and lubricants which are needed in all industriesRead more
Volvo to phase out diesel models by early 2024 in pursuit of electrification by 2030
Although a significant proportion of Volvo's European sales comprised diesel vehicles as recently as 2019, this figure dropped to a mere 8.9% of the company's sales in 2022.Read more
India to offer $2.2 bn incentives for manufacturing growth in six sectors
This initiative forms part of India's 1.97-trillion-rupee production-linked incentive scheme (PLI), which was inaugurated in 2020. Among the six sectors poised to join the PLI scheme are toys, bicycles, leather, and footwearRead more
Honeywell’s digitalisation technologies to support American Battery Factory’s new gigafactory
Honeywell will provide the largest lithium iron phosphate battery gigafactory in the US with central controls and digital visualisation to increase operational efficiency, enhance safety and drive more energy-efficient production.Read more
Naveen Jindal eyes African Venture, Steel Mill in Nigeria, Power Plant in Botswana
In this endeavour, Vulcan Steel, a privately held entity under the Jindal family's purview, has committed to constructing a steel plant with an annual production capacity of 3 million metric tonnes (mtpa).Read more
Indian auto component exports at risk amid UAW Strike in the US
Approximately one-third of India's automotive component exports are destined for North America, and this strike by thousands of UAW members, known as a 'stand-up strike,' is impacting the US auto majors.Read more
Sterlite invests $56 million in US fiber facility, targets 10-12% market share
This facility will also serve as the company's North American headquarters, marking a significant milestone for Sterlite.Read more
Tiruchi MSME fabrication crisis demands urgent government intervention
Tiruchi, once renowned as a premier fabrication hub in South Asia, owed much of its reputation to the welding expertise cultivated through collaboration with BHEL.Read more
India becomes 13th country authorised for IOLM Certification
The International Organisation of Legal Metrology (IOLM), founded in 1955, serves as an intergovernmental body responsible for crafting model regulations and standards for adoption by legal metrology authorities and the industry.Read more
Serentica secures Rs 2600 crore funding from PFC for its renewable energy projects
Funding from PFC will go towards the development of Serentica’s upcoming 400 MW hybrid renewable energy projects in Karnataka.Read more