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Capital-intensive industries drive employment growth in India: Goldman Sachs
India’s manufacturing transformation is being fuelled by reforms, including the Production-Linked Incentive (PLI) schemes, which have played a pivotal role in increasing domestic production, fostering technological progress, and drawing both foreign and local investments. Read more
Indian met coke industry faces crisis; Asks government to save jobs
Met coke, derived from coal carbonisation, is a crucial input for steel-making and industries like ferroalloys, foundries, nickel, and automotive manufacturing.Read more
Six industries drive over half of India’s formal manufacturing GVA: NSO
In FY23, industries such as basic metals, chemical products, refined petroleum, motor vehicles, pharmaceuticals, and food products collectively contributed 52.6% to the manufacturing GVA.Read more
Siemens to acquire Altair Engineering for $10 billion
The acquisition is expected to boost Siemens’ digital business revenue by 8%, adding approximately €600 million.Read more
Maharatna PSUs NTPC and ONGC join hands to form a JV company
This JVC shall venture into various renewable energy (RE) and new energy opportunities including solar, wind (onshore/offshore), energy storage (pump/battery), green molecule (green hydrogen, green ammonia, sustainable aviation fuel (SAF), green methanol), e-mobility, carbon credits, green credits, etc. Read more
ABB releases new brand positioning and tagline 'Engineered to Outrun'
The new brand positioning centers around the word “Outrun” and its meaning consists of two parts: Keeping ABB’s partners running consistently at high performance and at the same time helping them constantly run more productively and efficiently so they can outperform. “Leaner” stands for ABB’s global leadership role in automation, improving the productivity and efficiency of every industry’s critical day-to-day operations.Read more
EMO Hannover set for success
Leading manufacturers such as Grob, Spinner, Index, Liebherr Verzahntechnik, DMG Mori, Paul Horn, Hermle and many more have already signed up.Read more
L&T wins new orders for power transmission & distribution business
The hub will be a crucial element in Kenya’s grid for ensuring stable, efficient and reliable operations in view of variable renewable energy sources getting added and the high-voltage regional interconnections being established. Read more
Aequs Infra unveils south India’s first FMCG manufacturing ecosystem
Aequs Infra is excited about the potential of the FMCG Ecosystem considering manufacturers in a radius of 400 kilometres of its location account for more than 35% of the market share in India.Read more
L&T appoints Gopi Thangavel as Group CIO
With over 20 years of experience, Thangavel joins L&T from Reliance Industries, where he held key leadership roles for more than six years.Read more