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India's Trade Deficit Narrows to $20.58 bn in November, Imports Drop 4.3%
Conversely, exports experienced a more modest contraction of 2.8%, reaching $33.90 billion, down from $34.89 billion in the corresponding period last year.Read more
Jupiter Wagons secures Rs 1,617 cr Rail Contract for 4,000 BOXNS Wagons
Jupiter Group, the parent company, specialises in manufacturing railway wagons, components for passenger coaches, and alloy steel casting for rolling stocks and tracks.Read more
Govt halts expansion of PLI Scheme, focusing on strengthening existing sectors
It is anticipated that a decision on enlarging the list of sectors eligible for incentives to bolster domestic manufacturing capabilities will be deferred until the formation of a new central government next year.Read more
Major companies vie for India's Green Hydrogen, Electrolyser incentives
20 firms, such as Reliance Industries, Adani Group, Jindal India, Larsen & Toubro, and Bharat Heavy Electricals, have presented bids for incentives related to the manufacturing of electrolysers, according to statements from the Solar Energy Corp of India.Read more
Dana unveils cutting-edge drivetrain solutions at EXCON 2023
The trade fair, focusing on electrification in the construction industry, provided a platform for Dana to unveil customised solutions supporting both conventional and electrified power sources.Read more
Panasonic introduces 6-in-1 inertial sensor to elevate automotive safety, performance
The sensors are compliant with the highest Automotive Safety Integrity Level (ASIL-D) defined in ISO26262 Function Safety Standard.Read more
Ansys Software and NI Systems Join forces for Aerospace, Defense Solutions
The parties have signed a memorandum of understanding (MOU) at MAPCON 2023 to facilitate a faster, more efficient collaboration to accelerate innovation for India’s Aerospace & Defense labs.Read more
Vikram Solar signs 152 MW module supply contract with NTPC
The modules will power NTPC's ambitious ground-mounted solar project at Nokh Solar Park in Jaisalmer, Rajasthan.Read more
BluPine Energy secures Rs 511 cr Green Loan for 120 MW Solar Project in Gujarat
The financing was obtained through Standard Chartered, a leading global banking institution, according to a company statement.Read more
Sterling, Wilson Renewable Energy successfully raises Rs 1500 cr in QIP for Solar Expansion
The majority of the funds raised through the QIP will be utilised to reduce debt, providing additional capital to tap into the rapidly expanding solar Engineering, Procurement, and Construction (EPC) markets in India and internationally.Read more