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Ministry targets July 2024 for certification of 85 Applicants in automotive PLI scheme
The Ministry of Heavy Industries (MHI) plans to initiate the disbursement of incentives under the scheme in the financial year 2025.Read more
Commerce Minister Goyal unveils trade connect ePlatform to boost MSME exports
Functioning as an intermediary platform, the Trade Connect ePlatform will facilitate connections between Indian exporters, entrepreneurs, and various international trade stakeholders, as explained by a senior official.Read more
Anand Group to invest Rs 987 cr in Tamil Nadu for automotive manufacturing
The Group formalised this commitment by signing a Memorandum of Understanding (MoU) with the state government during the recent Tamil Nadu Global Investors Meet 2024 in Chennai.Read more
Pixxel launches MegaPixxel, spacecraft facility in Bengaluru
Encompassing an expansive 30,000 square feet, the MegaPixxel facility serves as a comprehensive hub for Spacecraft Assembly, Integration, and Testing (AIT), consolidating all satellite manufacturing services.Read more
DAVV collaboration with Taiwanese universities for semiconductor research, cultural exchange
Under this ambitious initiative, professors and postgraduate students from these departments will collaborate with select educational institutions, research centres, and universities in Taiwan.Read more
HPL Electric & Power clinches Rs 240 cr Smart Meter Order from AMISP
Gautam Seth, Joint Managing Director of HPL Electric, expressed optimism about these developments, anticipating a future of stability and growth for HPL in the smart metering industry.Read more
Boeing inaugurates parts distribution centre in India
This new facility, one of eight worldwide, exclusively manages and dispatches spare parts for Boeing's commercial customers. The decision to invest in this distribution centre was initially disclosed during the Aero Show in Bengaluru the previous year.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
Altair collaborates with the IIT Madras to establish eMobility simulation lab
This collaboration underscores Altair's commitment to advancing research and development in the field of electric vehicles (EVs), aligning with its commitment to sustainability and innovation.Read more
RE Minister inaugurates IEEMA exhibition, conference BID -2024 in Mumbai
There is a huge market for manufacturers of electricity sector in the country says RK Singh. Read more