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India's industrial production rises 3.1% in September
The IIP figures may be revised in future updates in line with the ministry’s revision policy.Read more
ABB India upgrades Faridabad plant to enhance sustainability efforts
The facility has diverted 99% of its waste away from landfill, aligning with the company's long-term sustainability targets of zero waste to landfill.Read more
Aditya Birla Group eyes further investments in US manufacturing and R&D
Aditya Birla Group, a prominent player in the U.S. metals and chemicals sectors through subsidiaries like Novelis and Aditya Birla Chemicals, announced a $50 million investment earlier this year for a new manufacturing and R&D center in Texas.Read more
India signs deal with Russia for advanced Pantsir air defence systems
The Pantsir system is a mobile, highly adaptable defence platform designed to shield military installations and critical infrastructure from a range of aerial threats, including aircraft, drones, and precision-guided missiles.Read more
Innovative technologies in motion control attract new entrants to the market
Although new vendors have not acquired meaningful market share, as the supplier base has not yet consolidated, we expect they will increase their presence, especially in their local markets; China, Japan and Europe. There has been rapid expansion of the supplier base for linear smart conveyance systems, particularly in the Asia Pacific region, comments, Samantha Mou, Research Analyst, Interact Analysis.Read more
L&T expands aerospace focus amid India’s $44 billion space market boom
The first launch of a privately built PSLV is expected in early 2025, with each rocket costing approximately Rs 2 billion.Read more
52% Indians open to adopt solar if incentivised with easy financing: Luminous
However, the price sensitive population finds cost as a major challenge in adopting rooftop solar with 92% finding installation costs a barrier.Read more
France’s Exxelia acquires 70% stake in Indian magnetic component maker SVM
With this with strategic investment in SVM, Exxelia expands footprint in India and enhances its magnetics offering for medical and adds busbars to its power electronics passive components portfolio.Read more
AspenTech launches Microgrid Management System to meet net-zero goals
The capabilities delivered by AspenTech MMS are critical to high-energy consumers today as the power grid is at a critical juncture with increasing energy demand, aging and at-capacity grid infrastructure, more severe weather events and increasing cybersecurity threats challenging its reliability and stability.Read more
Trump victory raises optimism in India's chemicals, textiles sectors
According to Chemexcil, India’s chemical exports to the U.S. reached $2.86 billion in 2023-24, though this marked a 26% decrease from the previous year.Read more