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Wipro Hydraulics signs agreement to acquire Novacap company Mailhot Industries

Wipro Hydraulics, a division of Wipro Infrastructure Engineering, has inked a deal to acquire Mailhot Industries, a Novacap company based in Quebec, Canada, known for its expertise in hydraulic cylinder manufacturing, particularly in refuse trucks and snow removal equipment. Read more

Israel Aerospace Industries opens AeroSpace Services India in New Delhi

Headquartered in Delhi, ASI’s strategically located branches extend its services across the entirety of the Indian subcontinent, reaffirming its commitment to nationwide coverage and customer satisfaction.Read more

Loop Industries signs joint venture with Ester for India production facility

The India facility will leverage the Infinite Loop technology and existing engineering package which accelerates the lead-time towards ground-breaking, slated to occur by the end of this year.Read more

KRAMSKI is focusing on new industries and exports for growth

In this interview, Andreas Reinhold Kramski, CEO, KRAMSKI Group, explains the company’s growth plans and importance of India for the groupRead more

ION Mobility uses Siemens Xcelerator to develop electric bike

Siemens Xcelerator portfolio of industrial software is used for styling, mechanical engineering and electric battery pack development for the ION M1-S electric motorbikeRead more

Naxnova Buys Quad Industries for 90 Crore

Naxnova has acquired 74 per cent stake from the current shareholders of Quad Industries and the balance stake shall be acquired in a phased manner making the transaction a 100 per cent share purchase deal over the next few quartersRead more

Government considers legal action against three firms for FAME subsidy recovery

The move comes after the ministry of heavy industries failed to recover the disputed amount from these companies even after multiple attemptsRead more

Government’s E-vehicle Policy and its impact on Indian markets

The scheme will promote E-vehicle with the latest technology to be manufactured in India, making India a manufacturing hub of E-vehicleRead more

Hanif Qureshi proposes scheme to boost EV adoption, manufacturing in India

On 13 March, 2024 Prime Minister Narendra Modi government unveiled the Electric Mobility promotion Scheme (EMPS) 2024, with a focus to encourage the purchase of electric two-wheelers (e2W) and three-wheelers (e3W) in the countryRead more

Tamil Nadu tops in number of factories, Gujarat excels in industrial output

The ASI report also points out that in FY22, 20 per cent of India’s factories, close to 50,000, were not operationalRead more

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