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CASE unveils Bharat Stage V compliant loader backhoes, compactors at EXCON 2023
Company upgrades its entire loader backhoe range with the safest operator cabin compliant to ROPS & FOPS standards, and 22 unique features.Read more
Royal Enfield opens eastern warehouse in Kolkata to supply streamlined parts
The Asia Pacific region plays a substantial role, contributing 20% to Royal Enfield's overall exports.Read more
Hindalco Industries to invest Rs 800 cr in new battery foil plant in Odisha
The new plant will augment the company's manufacturing capacity for high-quality aluminum foil, essential for rechargeable batteries, to cater to the rapidly expanding market for electric vehicles (EVs) and energy storage systems.Read more
Capturing the current status of the PM Gati Shakti scheme
Prime Minister Gati Shakti Scheme (PMGSS) has given a boost to Indian transportation system. Railways, roads and air travel, each sector has seen a swift shift with the initiatives and implementation.Read more
India navigates green steel transition amidst European scrutiny
This move is anticipated to impact Indian steel exporters, particularly those reliant on environmentally damaging coking coal for furnace operation.Read more
PLI disbursements set to surge in Q4, may fall short of Rs 11,000 cr target though
Out of the total outlay of Rs 1.97 trillion for the PLI scheme initiated in 2020, Rs 2,900 crore was allocated to selected companies to meet production targets last year.Read more
India's green hydrogen initiative garners interest, major players sit out initial subsidy auction
Initiative attracted interest from companies such as Sembcorp Industries, JSW Energy, and AM Green, while major players like Acme Solar Holdings, Avaada Group, NTPC, and Adani Enterprises opted out of the bidding process.Read more
Indian defense firms secure global rankings amidst rising arms demand
The Stockholm International Peace Research Institute (SIPRI) recently published a report, disclosing that HAL, BEL, and MDL, all Indian defense PSUs, secured positions among the top 100 arms-producing companies.Read more
Cyclone Michaung paralyzes Chennai: Major industries. IT hubs grapple with floods
The production at six prominent auto component units, including Lucas TVS, Wheels India, Sundram Fasteners, Sundaram Clayton, and Brakes India, faced disruptions for the third consecutive day.Read more
Tesla's Cybertruck launch sparks optimism for Indian auto component market
Although the US and Canada dominate 54% of the global pickup truck market, initial reports suggest that Tesla's new offering could secure nearly 7% market share in its first year.Read more