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Cabinet sub-committee approves Rs 1.17 trillion for semiconductor & EV projects

The project, divided into two phases, will see an investment of Rs 849.47 billion, with Rs 587.63 billion allocated for the first phase and Rs 251.84 billion for the second.Read more

Finolex Cables releases advanced E-Beam irradiated LT XLPE Solar Cables

Designed to withstand extreme operating conditions, these innovative solar cables are capable of handling temperatures up to 120°C, with higher current ratings and superior durability making them ideal for demanding industrial applications and large-scale solar installations.Read more

Inter-ministerial group to develop credit guarantee scheme for MSMEs

The MSME ministry will present the scheme to the Expenditure Finance Committee for approval following a series of consultations with stakeholders.Read more

NMDC Steel successfully produces 1 million tonnes of hot rolled coil

The 3 MTPA steel plant is set up with an investment of Rs 229 billion houses one of the widest Hot Strip Mills in India, capable of rolling HR coils of 900 mm to 1650 mm width in 1 mm to 16 mm thickness.Read more

DEE Development’s total income rises by 18% YoY, reaching Rs 1.88 million

he total order book as of June 30 2024, stands at Rs 8.03 billion. Read more

Pakka Limited raises Rs 2.44 billion in funds; to double production capacity

The facility in Ayodhya is expected to become functional by 2026.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

Minda Corporation reports consolidated revenue of Rs 11.92 billion for Q1 24

During the quarter, the company signed a Joint Venture Agreement with HCMF for Automotive Sunroof Solutions and Closure Systems. 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

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

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