Manufacturing

Hitachi strengthens global network Japan’s Hitachi Limited 80.1% share capital acquisition of ABB Management Holding AG (ABB Management) has been approved by the Competition Commission of India (CCI). CCI approved Hitachi’s acquisition of ABB power grid business on 7 Apr...

Port CAGR at 5-6% by 2022 The logistics market in India is forecasted to grow at a CAGR of 10.5% between 2019 and 2025, according to a 3 Apr 2020 report “Indian Logistics Industry Outlook, 2020” by ResearchAndMarkets. Increasing investments...

3D technology to boost growth India's machine tool market projected is driven by rising industrial automation and is projected to grow at a CAGR of 13% from 2020 to 2024, according to ResearchAndMarkets. In addition, adoption of 3D printing technology...

Focus on India in 2025 business plan Toyoda Gosei Co Ltd intends to develop a more flexible supply system in India that is not bound by product categories. Toyoda Gosei’s focus on Indian market as part of its medium and...

Lack of a packaging machinery The Indian e-commerce packaging market is expected to reach US$975.4 million by 2025, registering a CAGR of 13.8% during the period of 2020-2025. It was valued at US$451.4 million in 2019. Owing to the rising...

JLR’s 2020 volume set to decline Improvement expected in Tata Motors' credit profile will be impacted by COVID-19, expected to hurt global automotive market, said S&P Global Ratings in its assessment on 2 Apr 2020. “Our previous 'B+' rating was...

Country-wide expansion of e-NAM New features have been added to National Agriculture Market (e-NAM) Platform which will be soon expanded to 415 mandis (markets), reaching out to 1,000 e-NAM mandis across the country. The features: Warehouse based trading module in...

PSUs will be worst hurt by weak demand India’s power demand has declined on average 30% year-on-year (yoy) and 25% week-on-week basis on 28 March following the 3-week 25 March lockdown. “Demand from the industrial and commercial sectors are already...

Sequential pickup in H2 Nomura is lowering is 2020 GDP growth forecast in India to -0.5% y-o-y from 4.5%, citing various impacts of coronavirus crisis including further financial stress in the banking sector. “We now expect GDP growth to slide...

Internet-smartphone users drive growth The Indian Online Grocery Market is projected at US$3.6 billion by 2024 from around $569 million in 2018, says a report from ResearchAndMarkets. The growth is driven by rising number of internet and smartphone users, said...