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Danfoss plans Rs 500 Crore Investment in India for localization, expansion
The company, which helps its customers to decarbonise their businesses, has identified 4-5 areas for localisation in order to take advantage of opportunities in the energy transition spaceRead more
FTAs boost Engineering exports; shipments to Russia double
While Russia has become a major trading partner in the last two years largely due to imports of petroleum crude, engineering exports to the country have doubled during April-February this yearRead more
Tarak Mehta to leave ABB after 26 years of service
Tarak joined ABB in 1998 and has since then held a number of positions of increasing responsibility in the United States, Sweden and Switzerland. He will leave ABB at the end of July this yearRead more
Hengst Filtration opens filtration plant in Bengaluru
Spanning across 36,000 sq ft, the Yelahanka facility will manufacture a diverse range of products across multiple verticals, exemplifying the German firm’s long-term growth strategy for India, says Karthik MuthuveeranRead more
TPEM partners with Hindustan Petroleum to enhance EV charging infrastructure
HPCL aims to install 5,000 electric vehicle charging stations by December 2024. With four products in its portfolio, TPEM has led the rise of the EV ecosystem in the country, introducing its first EV exclusive store in GurugramRead more
Taurus and Jindal Defence JV starts small Arms Pilot production
Under the guidance of Taurus’ expert team from Brazil, the Indian facility has commenced the production of pilot batches of firearms in March 2024Read more
CADFEM India credits Ansys for boosting India's semiconductor industry
The workshop showcased ANSYS Simulation capabilities in silicon photonics design and served as a premier enabling platform for industry experts, researchers, startups, students, and enthusiasts in the fieldRead more
Siemens acquiring ebm-papst's Industrial Drive Tech
The planned acquisition will complement the Siemens Xcelerator portfolio and strengthen Siemens’ position as a leading solutions provider for flexible production automationRead more
US Allocates $6 Billion for Heavy Manufacturing cleanup
Century Aluminum Co., is set to receive as much as $500 million in funding to build the facility, according to a statement on 25 March, 2024Read more
Naxnova Buys Quad Industries for 90 Crore
Naxnova has acquired 74 per cent stake from the current shareholders of Quad Industries and the balance stake shall be acquired in a phased manner making the transaction a 100 per cent share purchase deal over the next few quartersRead more