Manufacturing

DAC also approves Air Defence guns and ammunition for Army worth Rs 6,000 crore The Defence Acquisition Council (DAC) has approved proposals concerning Capital Acquisitions of various equipment for modernisation and operational needs of the Armed Forces amounting to approx....

Saraf sees benefits from the gradual opening of global markets Exports continue to perform impressively for third month in a row on back of good order booking and gradual opening of key global markets, FIEO President Sharad Kumar Saraf said...

Business Confidence Survey reports sharp deterioration in the optimism India's economy grew by 1.6% in the fourth quarter of 2020-21 though it contracted by 7.3% for the full financial year while the second wave of COVID-19 infection has impacted prospects...

Investment: 46 applications with committed Rs.5,355.44 crore The Government has approved a Production Linked Incentive (PLI) Scheme for promotion of domestic manufacturing by setting up greenfield plants with minimum domestic value addition in four different Target Segments (In Two Fermentation...

Advances in IoT-AI offer a ray of hope of mining sector India needs to invest in research and applications of Internet of Things (IoT) and Artificial Intelligence (AI) for mining sector as these technologies will be cost-saving leading to more...

Electrical, electronics and medical sectors to drive demand The India aluminum extrusion market is projected to reach US$2.5 billion by 2027, growing at a CAGR of 8.3% from 2020 to 2027, driven by demand for lightweight and durable extruded products...

Sumitomo given approval for indirect acquisition in wiring business Sumitomo Wiring Systems Limited (SWS), involved as an indirect acquirer, has received approval for the intra-group reorganization of the Motherson Group from the Competition Commission of India (CCI) under Green Channel...

Cloud: Benefits from accelerated time to market, says IKI survey Infosys (NYSE: INFY) unveiled the Infosys Cloud Radar 2021 which has revealed the links between enterprise cloud usage and business growth. The independent study shows that enterprises in the 6...

Businesses optimistic of comprehensive trade pact The UK India Business Council has welcomed the launch of the UK Government’s 14-week business consultation in preparation for UK-India FTA negotiations by Secretary of State for International Trade, Liz Truss. The consultation will...

Solution will help manufacturers embrace the concept of OT Management Larsen & Toubro Infotech (BSE: 540005), (NSE: LTI) has launched ServiceNow based Operational Technology Management solution for the manufacturing industry. The solution aims to address the latent demand of the...