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Kladana launches Shop FloorWeb app for productivity enhancement
Kladana recently expanded its footprint in India and established an office in Mumbai to serve hundreds of SMEs that are already using its capabilities. Read more
Tata's Rs 60 billion Hosur facility to start iPhone production in November 24
The Hosur plant is expected to house around 20 assembly lines and aims to employ approximately 50,000 workers, predominantly women, within the next two years.Read more
German industrial orders fall sixth consecutive month amid weak foreign trade
The most affected sectors were mechanical engineering and the automotive industry, with orders down 0.9% and 0.7%, respectively, from May. Read more
Tamil Nadu faces skills gap amidst rising graduate numbers joining the workforce
The state government’s Naan Mudhalvan scheme, aimed at creating entry-level jobs, has been praised, though experts suggest expanding its scope and involving more firms. Read more
PI Industries plans Rs 8 – Rs 9 billion capex in FY25
More than 40% of the new products that we are commercialising are all non-Agchem. Read more
India seeks expanded tariff cuts, stricter rules of origin in ASEAN FTA review
On the ASEAN side, there are expected demands for more concessions on items where India has not yet offered duty cuts or tariff eliminations.Read more
MCE component localisation levels to rise 70% in 5-7 years; ICRA
The Indian mining and construction equipment (MCE) industry is the third largest in the world in terms of volumes sold, however, it imports nearly 50% of its component requirement (by value) from suppliers based out of China, Japan, and South Korea, among others.Read more
Indian toy industry exports reach $523.24 million; surpass imports
The next objective for Indian toy manufacturers is to reach international consumers more effectively through online platforms, according to government plans.Read more
Aviation Minister Naidu aims to establish aircraft manufacturing in India
Currently, Boeing and Airbus dominate the global aircraft manufacturing industry, with market shares of over 40% and 60%, respectively. Read more
Ola to launch India’s first AI chip by 2026
Ola’s AI subsidiary, Krutrim, is spearheading the development of this AI chip, which, if successful, will position Ola as a competitor to industry giants like Nvidia, AMD, and Intel. Global tech leaders such as Meta, Google, Apple, and Amazon are also in the race to develop proprietary AI chips.Read more