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DPIIT introduces stricter guidelines for PLI Scheme in white goods sector
Under these updated regulations, selected companies must now provide a certificate from a registered cost accountant, confirming related party sales and determining the arm's length price, in order to avail the scheme's benefits.Read more
Tata Group boosts India's semiconductor ambitions with govt subsidy bid
Insider sources from the Ministry of Electronics and IT have revealed that Tata is in the process of drafting a proposal, expected to be submitted within the next 3 to 6 months.Read more
India, Italy forge landmark defence pact for joint ventures and cooperation
India and Italy have formalised a significant defence agreement aimed at bolstering their military collaboration.Read more
HCLFoundation and Stanley Black & Decker join forces for manufacturing skills development
The partnership aims to provide skills training to Indian youth, enhancing their employability in the manufacturing sector.Read more
Siemens plans major urban transport hub in India following Indian Railways contract
This strategic move is fuelled by Siemens' recent milestone contract with Indian Railways, valued at Rs 26,000 crore (approximately $3 billion).Read more
Taiwan, India strengthen economic ties and supply chain cooperation
In stark contrast to the modest $2 billion recorded in 2006, the current trade volume between the two nations has surged to over $7 billion.Read more
India's Telecom sector achieves milestone: PLI investments surpass Rs 2,419 cr
This investment has led to the employment of 17,753 individuals. In October 2022, the government selected 42 companies that pledged a total investment of Rs 4,115 crore.Read more
STL Digital introduces AInnov: Pioneering GenAI solutions for enterprises
STL Digital unveiled 'AInnov,' a comprehensive suite of generative AI services, frameworks, methodologies, and solutions designed to facilitate the integration of genAI into enterprise operationsRead more
ALP Overseas acquires SoffSeal International Inc
The company boasts an extensive range of weatherstripping products tailored for Chevrolet, Pontiac, Oldsmobile, Buick, Cadillac, GMC, Mopar, and Ford vehicles spanning from the 1920s to the early 2000s.Read more
Sterlite Power secures new orders worth Rs 1,300 cr in Q1 FY ?24
The secured new orders came from domestic market and international regions like Americas, European Union, Africa, and Middle East.Read more