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Medical device sector applauds Centre's Rs 5 billion boost
The medical device market in India, valued at around $14 billion, is anticipated to grow to $30 billion by 2030, underscoring its importance in healthcare, from diagnostic tools to surgical devices.Read more
France’s Exxelia acquires 70% stake in Indian magnetic component maker SVM
With this with strategic investment in SVM, Exxelia expands footprint in India and enhances its magnetics offering for medical and adds busbars to its power electronics passive components portfolio.Read more
Bridgestone to invest $85 million for premium car tyre production in India
Recent trends in the market have produced an outlook of stable economic development and growth in the number of automotives both owned and produced. Read more
AspenTech launches Microgrid Management System to meet net-zero goals
The capabilities delivered by AspenTech MMS are critical to high-energy consumers today as the power grid is at a critical juncture with increasing energy demand, aging and at-capacity grid infrastructure, more severe weather events and increasing cybersecurity threats challenging its reliability and stability.Read more
MAGIC selected for DPIIT's Startup India Manufacturing Incubator Initiative
This initiative aims to fuel innovation within India's manufacturing sector, creating new opportunities for manufacturing-focused startups.Read more
Climaveneta to invest Rs 4 billion in Bengaluru facility expansion
CCT, a leading chiller manufacturer with an order book exceeding Rs 5 billion, aims to double its annual order intake and achieve Rs 10 billion in revenue within the next four to five years.Read more
Cummins India releases Q3 FY24-25 results- PAT stands at Rs 4.51 billion
Total sales for the quarter at Rs 24.48 billion higher by 31% compared to the same quarter last year and higher by 8% compared to the previous quarter.Read more
INOX secures contract from Highview Power, UK for world's largest LAES project
This is the first instance of cryogenic tanks being used at industrial scale for clean energy storage.Read more
Trump victory may boost prospects for Indian manufacturers and exporters
Market experts suggest Trump’s return could indirectly benefit Indian businesses in manufacturing and exports, particularly through factors like increased tariff restrictions on China and continued global supply chain shifts.Read more
Emerson releases architectural magazine- Boundless Automation™
Industries including power, water, energy, refining and mining need greater operational flexibility, agility and better decision-making to further reduce downtime and carbon footprint, increase safety and security and improve efficiencies. Read more