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Daikin invests Rs 14 billion in Indian unit to boost production
Daikin plans to use the funds to expand its manufacturing capacity and increase component production, particularly compressors, with the goal of raising localisation from 75% to nearly 90%.Read more
Iveco Bus and ZF partner to boost next-gen e-mobility solutions
The partnership will enhance Iveco Bus’s electrification strategy by developing new zero-emission architecture for its upcoming vehicle range.Read more
Hindalco denies plans to enter solar module manufacturing
Hindalco has no plans to begin a solar module manufacturing facility in India.Read more
Min of Heavy Industries organises event celebrating FAME’s success in India
The FAME Scheme was launched to give a major boost to the development and adoption of electric vehicles in the country.Read more
Igus OfficeChain: The perfect cable for height-adjustable desks
The development of the OfficeChain began in 2019 with discussions between igus USA and a renowned global office furniture manufacturer. The latter was looking for a strong and appealing solution for its height-adjustable desks. Read more
Honeywell and Samsung E&A collaborate to reduce power plant emissions
Between 2023 and 2030, Honeywell estimates that the company’s CCUS technologies will have a cumulative impact of mitigating 320 million metric tons of CO2e.Read more
Jindal India to invest over Rs 15 billion to expand steel business
Production from the newly added capacity, focusing on coated flat products, pipes, and crash barriers, is scheduled to commence in FY25, with full completion expected by FY26. Read more
AIFI appoints Yash Munot as President & S. Ravishankar as Vice President
Beyond his industrial achievements, Munot is recognised for his diversified business ventures in sectors such as lifestyle products, health food, hospitality and philanthropy, including the adoption of an orphanage and medical aid distribution during the pandemic.Read more
Poly Medicure to use Rs 10 billion fundraise for capex and acquisitions
Expansion efforts are underway in areas such as cardiology, critical care, and renal diagnostics, focusing on manufacturing to broaden its market presence. Read more
Railway stocks to be in focus as FM Sitharaman reviews capex plan
The Finance Minister emphasised the need for the ministry to meet the capex target for the fiscal year 2024-25 within a set timeframe, building on the progress made in the first 100 days of the Modi government. Read more