Articles by: Prajakta Chavan

NIIF invests USD 200 million in iBUS to Propel Digital Infrastructure Expansion in India

National Investment and Infrastructure Fund Limited (NIIF), and iBUS NETWORK AND INFRASTRUCTURE PRIVATE LIMITED (iBUS), a leading digital infrastructure solutions company in India, announced an investment of around USD200 million in iBUS through NIIF’s Master Fund to support the growth of India’s digital infrastructure. The funds raised will be deployed towards scaling iBUS’ operations through organic and inorganic growth initiatives.[Read More…]

by April 11, 2024 Uncategorized

United Industries leases 3 lakh sq feet space in Pune for automotive component manufacturing

Real-Estate Giants Hiranandani and Blackstone Group’s joint venture company, GreenBase, has leased over 3,00,000 sq. ft. of industrial space in Pune to automotive component firm, United Industries. The company, which is a supplier for Korean automobile manufacturers in India, has leased the space in Greenbase Industrial and Logistics Parks, Talegaon. The built-to-suit manufacturing facility is scheduled to be delivered and[Read More…]

by April 11, 2024 Uncategorized
Tesla Chief Elon Musk to meet Modi, likely to announce investment plans

Tesla Chief Elon Musk to meet Modi, likely to announce investment plans

Billionaire entrepreneur Tesla Chief Elon Musk is likely to visit India next week to meet Prime Minister Narendra Modi. “Looking forward to meeting with Prime Minister Narendra Modi in India”, Musk posted on X. Musk will meet Modi in the week of April 22 in New Delhi, and will separately announce his investment plans in India. Musk is likely to announce[Read More…]

by April 11, 2024 Uncategorized
Transition to EV could make 45-84 % of ICE auto parts obsolete, states iForest study  

Transition to EV could make 45-84 % of ICE auto parts obsolete, states iForest study  

Even as transition from internal combustion engine (ICE) vehicles to electric vehicles (EVs) presents India with a host of opportunities in the international market. It also poses severe challenges, as 45-84 per cent of the ICE vehicle parts, primarily powertrain components, are likely to become obsolete due to the EV transition. Thus, impacting the auto components manufacturers and the workforce[Read More…]

by April 4, 2024 Uncategorized

Mahindra Aerostructures signs $100-m contract with Airbus Atlantic

Mahindra Aerostructures Pvt Ltd (MASPL) and Airbus Atlantic have signed a new contract for the manufacture and delivery of metallic components for all Airbus commercial aircraft models, including the best-selling A320 family. Under the contract, MASPL will supply close to 2300 varieties of metallic components to Airbus Atlantic in France from its manufacturing base in India. The contract adds to[Read More…]

by April 2, 2024 Uncategorized

Xiaomi’s EV buyers face 6 month-long waits for deliveries

Xiaomi’s EV buyers face 6-month-long waits for deliveries China’s Xiaomi (1810. HK), opens a new tab advising potential buyers of its SU7 electric sedan that they could face waits of four to seven months, in a sign of strong demand for its first-ever vehicle. The maker of smartphones and other consumer electronics began taking orders on Thursday and said pre-orders[Read More…]

by April 2, 2024 Uncategorized
Vedanta Aluminium unveils #TheFutureOfMetAL campaign on Women’s Day

Vedanta Aluminium unveils #TheFutureOfMetAL campaign on Women’s Day

To increase women’s participation in the metal and mining sector, Vedanta Aluminium, India’s largest producer of aluminium, has launched #TheFutureOfMetAL. A compelling social media campaign on women in metals and mining. It leverages generative AI and short films to encourage more women to explore rewarding careers in these industries. The campaign comes as a response to industry efforts to increase[Read More…]

by March 8, 2024 Uncategorized
Renault leads Europe’s EV defence in Geneva as Chinese rivals expand

Renault leads Europe’s EV defence in Geneva as Chinese rivals expand

      GENEVA: Renault (RENA.PA), opens a new tab and China-owned MG launched new electrified cars in Europe at the Geneva car show this week. As Chinese automakers seek to take more market share from legacy European rivals. Europe’s auto industry is scrambling to cut costs and roll out more affordable, well-reviewed electric vehicles (EVs) to counter the arrival[Read More…]

by February 27, 2024 Uncategorized
Nippon Paint India to acquire VIBGYOR Paints and Chemicals

Nippon Paint India to acquire VIBGYOR Paints and Chemicals

Asia’s leading paint and coatings company Nippon Paint, announced the 100 per cent acquisition of VIBGYOR Paints and Chemicals, Pondicherry. A major supplier of paints and coatings in South India. Through the strategic acquisition, Nippon Paint will gain a strong foothold in the growing industrial coatings portfolio, especially focusing on Indian Railways. After the acquisition of VIBGYOR Paints and Chemicals,[Read More…]

by December 20, 2023 Uncategorized
Manufacturing Machines to finished products, all under one roof at Plastivision 2023

Manufacturing Machines to finished products, all under one roof at Plastivision 2023

  Giant injection moulding Machines, Plastic Grinders, Pack and Place Robots, plastic granules, recycling machines, the latest technology available globally, and all kind of raw materials. Everything you could think of in the flourishing plastic industry is available under one roof at the sprawling 1,25,000 sq meter ‘Plastivision India 2023’ five-day exhibition held between December 7th to 11th at Bombay[Read More…]

by December 11, 2023 Uncategorized