Manufacturing

Tata Steel Ltd. (BB-/Positive/--) and Thyssenkrupp AG's decision to cease efforts on their proposed Europe joint venture is marginally credit negative for the Indian group, said S&P Global Ratings.

Chennai-headqduartered TVS Motor Company has invested US$3.85 Million in Bengaluru-based TagBox, a supply chain IIoT and Machine Learning platform company as part of its Series A funding round.

Chinese mills are set to continue importing Indian pellets of 64fe ore with traders expecting to export 10-11 million tonnes this year (2019), up from 9.5 million tonnes in 2018.

The number of smartphone users in the country is expected to double to 859 million by 2022 from 468 million users in 2017, growing at a compound annual growth rate (CAGR) of 12.9%, according to an ASSOCHAM-PwC joint study released...

The Indian bio agriculture market is projected to reach Rs.63,924 million by 2024, growing at a CAGR of 4.2% during 2019-2024. It was worth Rs.49,881 million in 2018, says a report by ResearchAndMarkets.

Ducon Infratechnologies Limited has received a FGD order from Chloride Metals for their Greenfield lead metal recycling and pyro refining project in Haldia.

Asia Pacific, and in particular India, is one of the most important and fastest-growing markets for the Madrid-based AlgaEnergy which has recently opened an office in the country.

The Indian diaspora has called for setting up of Indian banks and improve credit lines as New Delhi explores avenues for expanding trade with the African region.

Mahindra & Mahindra (M&M) has launched an updated version of its compact SUV TUV300 priced at Rs.8.38 lakh (ex-showroom Mumbai) while Hyundai reports good response to its latest model.

The Furniture Market in India would grow to US$61.09 billion by 2023, with 14.30% growth year-on-year growth, according to ResearchAndMarkets latest report.