Page 41 - Manufacturing

Hitachi 'reimagining' India as global hub for new age tech solutions

Hitachi is "reimagining" India as a global hub in terms of new age technologies and solutions which will drive its businesses in the country as well as global markets, a top company official has said.

India's economic recovery stumbles, setting stage for sustained low rates

A contraction in India's services sector deepened as localized curbs to control the virus spread hurt consumer demand and business activity

PAG to invest Rs 1,054 cr for majority stake in contract manufacturing firm

Vishal Shah will retain a significant minority stake in Acme and continue as managing director and CEO.

Glenmark Lifesciences to double manufacturing capacity in five years

With formulation makers aiming at de-risk procurement by creating one more source for raw material other than China, the demand for APIs is rising, says company

Vikram Solar to set up 1.5 Gw module manufacturing unit in Tamil Nadu

The company said with this facility, its cumulative PV module capacity will reach 2.5 Gw, which is currently the largest in India

Sales of listed private manufacturing companies jump 31% in Jan-Mar quarter

Sales of listed private manufacturing companies surged 31 per cent year-on-year in the fourth quarter of the last fiscal on favourable base as well price effect, according to RBI data

Exports see nearly 50% jump to $33 bn in June; trade deficit at $9.37 bn

India was a net importer, with trade deficit of $9.4 bn vs $710-mn surplus last yr

Maruti lines up Rs 18,000 cr investment for Haryana manufacturing plant

The country's largest carmaker Maruti Suzuki India (MSI) is planning to invest around Rs 18,000 crore on a new manufacturing facility in Haryana, as per a top company official.

Global chip shortage: When will India have its own semiconductor plant?

The country needs to focus on creating a semiconductor ecosystem of its own, to avoid being crippled by shortages

Hero Electric Vehicles to invest Rs 700 crore in business expansion by 2025

Hero Electric Vehicles will invest Rs 700 crore by 2025 to rev up its business expansion, including setting up of a new manufacturing unit, for which it has raised Rs 220 crore to part-fund the activities, according to a top company official. The company is planning to set up a new manufacturing facility with an annual capacity of 10 lakh units besides increasing production at its current plant at Ludhiana to 3 lakh units per annum from 75,000 units at present, as it targets to sell around 10 lakh units a year by 2025-26. Moreover, it is also ramping up research and development (R&D), marketing, dealer network expansion, along with expanding its supply chain, service network and charging stations in order to cash in on the 'explosive growth' in demand for its electric two-wheelers. "What we're doing now is expanding our capacity from 75,000 units to about 3 lakh units. While we are building this up, we're also planning on the next facility which is going to be about a million ...

Covid impact: 100 units close down at Chennai's Ambattur Industrial Estate

Dwindling orders, job cuts hit South Asia's largest SME cluster

Manufacturing trouble: Covid robs Moradabad's Brass City of its polish

SMEs struggling, recovery slow; rise in key raw material cost hurting exporters

Govt may make Bureau of Indian Standards must for public procurement

The development comes in the backdrop of the government's focus on increasing manufacturing and production of goods in the country

Rated firms' credit quality improves in Q1, along with biz sentiment: CARE

Manufacturing, Infra firms see uplift; NBFCs face hit

Luman Group Inks Joint Venture with Finnish Filter Manufacturer M Filter

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Playing field: India's toy story needs govt strongly backing the game

80% toys still imported, mostly from China; local industry suffers from lack of scale and innovation

Mapping recovery

India needs a new medium-term economic road map

The stock market as mirror: The changes that they reveal, and don't reveal

While Nifty 50 reflects changes in 40 years, it also shows what is missing: Low-cost manufacturers at one end, and deep-value players at the other. Also missing are technology players, notes T N Ninan

Centre approves 14 eligible applicants under PLI scheme for IT hardware

The target segments under the PLI Scheme for IT Hardware include laptops, tablets, all-in-one personal computers and servers

Manufacturing PMI contracts 48.1 in June, despite states easing curbs

Number is below the critical no-change mark of 50 for the first time since July 2020.