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Tata Technologies, Microsoft & Tata Motors for InnoVent hackathon

Apart from cash prizes and paid internship opportunities being offered by Tata Technologies, top projects will also receive complimentary access to Microsoft Azure Sandbox and mentorship from experts at Tata Technologies and Tata Motors, emphasising real-world application.Read more

Section 43B(h): Boon turning into bane

India is home to the world’s biggest micro, small and medium enterprises (MSMEs) community (more than 60 million) who contribute around 29.7 per cent of the country’s GDP. Read more

Why MSMEs want a review of Section 43B(h)?

Section 43B(h) of Income Tax Act - mandating payment to micro and small enterprises (MSEs) within 45 days of supply - was welcomed when announced in Budget 2023-24. However, MSEs are now facing a peculiar problem of losing orders from large firms because of it. Rakesh Rao explores more on this issue and the road ahead.Read more

Siemens to invest over Rs.10 billion to expand operations in India

The company aims to meet the growing demand in critical sectors such as industry, infrastructure, and power distribution by expanding two of its factories. This strategic move includes the establishment of a state-of-the-art metro train manufacturing facility in Aurangabad and the expansion of the Smart Infrastructure Operations in GoaRead more

Global semiconductors battle deepens between EU & US; $81 billion subsidy surge

The surge in semiconductor spending stems from mounting concerns over China's rapid technological advancements, particularly in key electronic sectors. Read more

Sony & Siemens to enable immersive engineering with new content creation system

Sony Corporation improved design productivity by 25% with implementation of Siemens’ NX for product engineering and design.Read more

Siemens Limited declares CAPEX of over Rs 10 billion

The company's Smart Infrastructure Business is set to boost its factory presence in Goa with an investment of Rs 3.33 billion, marking the largest investment by Siemens in the state. Read more

Zen Mobility unveils game-changing manufacturing hub for Zen Micro Pods

Zen Mobility unveiled a production facility for their flagship electric cars, the Zen Micro Pods, designed for city commuters.Read more

As fine as a human hair: New igus micro-gears with 0.2 module

The micro gears' delicate teeth make them suitable for very precise applications in small installation spaces.Read more

Decoding the attempt of a liquidity boost to MSEs

Recently, certain amendments were introduced through the Finance Act 2023 (FA 2023) to enhance financial liquidity for Micro and Small Enterprises (MSE) by indirectly compelling their customers to pay their dues on time. This amendment comes up like a double-edged sword, opine Aishwarya Jaju and Rushabh Bhandari.Read more

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