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Socomec aims to recover 80% of industrial waste by 2030

In this interview with Rakesh Rao, Meenu Singhal, Regional MD, Socomec Innovative Power Solutions, elaborates on the changes taking place in the manufacturing sector as companies aim to reduce their environmental impact.Read more

Aequs clinches Best Ecosystem Accelerator award at Wings India 2024

Named joint winner with Airbus in the category that recognises companies excelling in developing and nurturing Aerospace Manufacturing Ecosystems in the country.Read more

Electric Vehicles sales rev up despite roadblocks, 2W records 37% growth

For EV, CY23 recorded significant growth as the sales volume of EVs surpassed 1.5 million, a 50% increase compared to CY22. Total EV volume sold was recorded at 1.53 million in CY23 compared to 1.02 in CY22. Read more

Dana India recognised as the Top Employer in 2024

The company was recognised by the Top Employers Institute for excellence in people strategy and workplace dynamics, learning, and diversity amongst other factors.Read more

Foxconn partners with HCL Group for Chip Venture in India

This venture, referred to in the industry as OSAT (Outsourced Semiconductor Assembly and Test), follows Foxconn's withdrawal from a previous joint venture with India's Vedanta in July.Read more

EY forecasts extension of 15% corporate tax rate in 2024 budget

EY predicts that the interim Budget may push back the deadline for commencing manufacturing from March 31, 2024, to March 31, 2025, for companies benefiting from the 15% concessional income tax rate.Read more

GeM, AiMeD forge partnership for direct medical device sales to government

This agreement aims to enable AiMeD's members, comprising over 300 medical device manufacturers, to directly offer their products to the government through the GeM portal.Read more

Record-Breaking budget plan for Indian Railways overhaul in 2024-25

The capital expenditure (capex) for the railways is poised for a substantial increase, projected to be around 25% higher than the 2023-24 budget estimates.Read more

India implements 5 yrs anti-dumping duties on Chinese imports

These measures were instituted based on the findings of the Directorate General of Trade Remedies (DGTR), an investigative arm of the commerce ministry.Read more

Toshiba Transmission & Distribution receives Prestigious Star Performer Award from EEPC India

Toshiba Transmission & Distribution , a leader in India’s Transmission & Distribution equipment market, has been honoured with the Star Performer Award for the year 2019-20 by the Engineering Export Promotion Council of India.Read more

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