Manufacturing Financial News

Subscribe to enjoy similar stories. NEW DELHI : Tata Motors Ltd, India’s leading electric vehicle (EV) manufacturer, is engaging with the Centre to re-examine the e-taxi segment's exclusion from the ₹10,900 crore EV subsidy scheme approved by the cabinet on 11 September, two people close to the development said. The PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE), marking the third phase of the Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME) policy, leaves the e-taxi segment outside the purview of subsidies, even though it is a key form of shared mobility.

Subscribe to enjoy similar stories. Central government support to upcoming semiconductor assembly and testing factories is set to shrink by more than half, in a development that experts say signals a shift towards prioritizing greater value-added offerings instead.

ICT and semiconductor components in its productivity-linked incentive scheme (PLI) to promote manufacturing in the country, as about 85% of these are currently imported, said Jason Oxman, president, Information Technology Industry Council (ITI). “The opportunity for India to focus a programme of incentives on the ecosystem in semiconductors and in ICT is a big one,” Oxman said, adding that the global industry body has suggested this to the government. The ITI represents the likes of Google, Meta, Dell Technologies, HP, AMD, Applied Materials and others.

Nearly 138,000 platform beds sold at major retailers including Amazon and Walmart are being recalled across the U.S. and Canada

Oregon Gov. Tina Kotek is using a new land use law to propose rural land for a semiconductor facility

India on Thursday described as «inaccurate» a media report that said artillery shells sold by Indian arms manufacturers have been diverted by European customers to Ukraine and New Delhi has not intervened to stop it. «We have seen the Reuters report. It is speculative and misleading. It implies violations by India, where none exist and hence, is inaccurate and mischievous,» Ministry of External Affairs (MEA) spokesperson Randhir Jaiswal said. He said India has an «impeccable» track record of compliance with international obligations on the export of military and dual-use items. «India has been carrying out its defence exports taking into account its international obligations on non-proliferation and based on its own robust legal and regulatory framework, which includes a holistic assessment of relevant criteria, including end-user obligations and certifications,» Jaiswal said.

Subscribe to enjoy similar stories. The US Federal Reserve’s steeper-than-expected interest rate cut augurs well for India’s $254-billion information technology services sector, as lower borrowing costs could prompt companies to increase their spending on technology. The US is the biggest market for India’s IT services sector.

Indian Institute of Science (IISc) have developed a nanomaterial-based solution that can effectively reduce the presence of heavy metals like chromium in groundwater. Groundwater is an essential source of drinking water across the country. However, heavy metal contamination in groundwater presents a significant health hazard, IISc said in a media statement. The team includes researchers from the Centre for Sustainable Technologies (CST), Department of Civil Engineering (CiE), and Department of Instrumentation and Applied Physics (IAP). The study is published in the Journal of Water Process Engineering.

Rob Kennedy tried something different after a 40-year career in Ontario’s auto sector: he headed back to the classroom.

Subscribe to enjoy similar stories. Are we looking at the Indian micro, small and medium enterprise (MSME) sector through the wrong lens? According to government data, there were over 63 million MSMEs in 2015, of which over 60 million were micro enterprises. Of these micro enterprises, though, how many would be ‘nano’ businesses? The Annual Survey of Unincorporated Sector Enterprises (ASUSE) for 2023 offers a contemporary indication.

PM E-DRIVE) Scheme will aid development of crucial charging infrastructure, union heavy industries minister HD Kumaraswamy said Wednesday. Speaking at an event to highlight the success of the Faster Adoption and Manufacturing of Electric Vehicles (FAME) scheme, he said the newly approved PM E-DRIVE is set to accelerate the adoption of electric vehicles. This will be through substantial upfront incentives and the development of crucial charging infrastructure. «Our goal is to reduce the environmental footprint, improve air quality, and build a competitive and resilient EV manufacturing industry,» Kumaraswamy said.

Former President Donald Trump has repeated false claims that Chinese automakers are putting up large factories in Mexico

Mint earlier this week. The partnership is the third such alliance announced by the Tata group in the last few weeks.

A Taiwanese company says that a firm based in Hungary was responsible for manufacturing the pagers that exploded in Lebanon and Syria in an apparent Israeli operation targeting Hezbollah’s communications network

Subscribe to enjoy similar stories. When we talk about the largest and most influential companies in India, we often refer to Maharatna companies. These leading enterprises, closely associated with the national government, are considered the crown jewels of India's business world.

Subscribe to enjoy similar stories. Tracking the portfolios of India’s Warren Buffetts over a period, it’s evident that no super investor is similar to another when it comes to picking stocks. Their strategies are known only to them.

Subscribe to enjoy similar stories. It is a good thing that the government is thinking of giving a big boost to indigenous production of unmanned aerial vehicles, or drones, to fill Indian skies with hundreds of thousands of these flying objects.

Subscribe to enjoy similar stories. Ashish Kacholia, ace investor and director of Lucky Investment Managers Pvt Ltd, recently walked away from five stocks. If you are an investor in the Indian stock markets, chances are you've heard of him.

Hezbollah members across Lebanon were caught off guard when their pagers detonated, resulting in widespread casualties. The devices, which were embedded with hidden explosives by Israeli operatives, caused the deaths of at least nine people and injured over 2,800, according to reports. The pagers were originally intended for Hezbollah’s communication network but were turned into instruments of destruction through a covert Israeli operation. The attacks were centered in Beirut’s southern suburbs, a Hezbollah stronghold, and the eastern Bekaa Valley, where explosions began around 3:30 p.m. local time and lasted for about an hour. Footage showed scenes of chaos as fighters and civilians collapsed on the streets, suffering injuries to their faces, fingers, and abdomens. Hospitals across Lebanon were overwhelmed with victims bearing wounds consistent with the placement of the pagers.

Subscribe to enjoy similar stories. New Delhi: The Adani group will manufacture microchips for its own businesses ranging from ports to power and mining, as well as for global and domestic customers at its proposed fabrication plant in Maharashtra, multiple officials aware of the plans said. The ports-to-cement conglomerate has tied up with Israel’s Tower Semiconductor to build the foundry in Maharashtra's Raigad district.

Hindalco Industries plans to start solar modules manufacturing and set up a plant in the western state of Gujarat, two people familiar with the matter told Reuters on Tuesday. The company, owned by cement to fashion retail conglomerate Aditya Birla Group, is evaluating a five-year plan in the competitive sector, one of the sources said. Hindalco has identified land in port town Mundra in Gujarat, the second person said.