Machine

NCDRC confirms ruling directing Shivajirao More to refund ₹9.5 lakh with interest to a Maharashtra entrepreneur in grey-board unit case

Karnataka's Large and Medium Industries Minister M B Patil on Thursday said that the Indian machine tool industry is projected to generate revenue of USD 3.8 billion by 2030, driven largely by the dominance of the metal-cutting segment. Speaking at the inaugural event of IMTEX 2025, organised by the Indian Machine Tool Manufacturers' Association (IMTMA), he noted that India ranks 9th globally in machine tool production and 7th in consumption. Highlighting that the sector generated over USD 2.2 billion in revenue in 2022, the minister emphasised Karnataka's crucial role in the industry, accounting for 52 per cent of India's total machine tool production and ranking as the third-largest contributor to heavy engineering in the country. He also drew attention to Tumakuru's Integrated Machine Tool Park (TMTP), a state-of-the-art 530-acre facility that has emerged as a hub for domestic and international investments in the sector. "Karnataka is home to leading players such as ABB, Siemens

The Police are now preparing to launch an investigation into the site's safety managers for possible negligence in duties

The company reported adjusted profit of $4.91 per share, beating Refinitiv analysts consensus of $3.78 per share

Experts say this would reduce litigation in courts, as different classes of cranes attract different tax rates

HMT Machine Tools Ajmer has developed a highly-productive grinding machine for railway axles which would cost less than half of similar imported equipment, the company said

Modern medical research confirms smell of skin, breath, bodily fluids can be suggestive of illness