Happy Forgings made its debut on the Indian bourses on December 27, 2023. Deven Lad looks at the strategy behind opting for the IP route. Happy Forgings Ltd. is a case study for aspiring entrepreneurs. A forged components manufacturing company, it created a buzz late last year when it got a nod for its Initial Public Offering (IPO). The company[Read More…]
Sona BLW Precision Forgings Ltd. (Sona Comstar) is a global provider of automotive technology solutions. The company became the first automotive component manufacturer to receive certification under the Auto Production Linked Incentive (PLI) scheme. The company has filed seven applications for different products under the PLI scheme, and it has received the certification for its first product, a hub wheel[Read More…]
Servotech Power Systems Ltd., a leading manufacturer of EV chargers in India, has bagged a order for nearly 1500 DC fast EV chargers from Hindustan Petroleum Corporation Limited (HPCL) and other EV charger OEMs. The order is valued at 102 crores and involves two charger variants of 60 kW and 120 kW. The order secured by HPCL involves Servotech manufacturing,[Read More…]
Remsons Industries Ltd., a pioneer in Cables & Shifters for Automotive Industry has entered into a 50:50 Joint Venture with Daiichi Infotainment Systems which is poised to redefine the landscape of automotive electronics. This strategic collaboration brings together the expertise and resources of two industry-leading entities, DAIICHI and REMSONS, to pioneer innovative solutions that will drive the future of mobility.[Read More…]
Rolls-Royce, a global leader in technology and innovation, and TVS Supply Chain Solutions Limited, a global supply chain solutions provider and one of the largest and fastest-growing integrated supply chain solutions providers in India, have extended their contract for five years until 2029. The partnership extension is for the state-of-the-art Parts Distribution Centre (PDC) in Singapore serving the Asia Pacific[Read More…]
The government is contemplating expanding export benefits provided by the Remission of Duties and Taxes on Exported Products (RODTEP) scheme to companies operating in special economic zones (SEZs) and export-oriented units (EOUs). Currently, the RODTEP scheme refunds various central and state duties, taxes, and levies on input products to exporters in hardware technology parks, biotechnology parks, and customs-bonded warehouses. The[Read More…]
Concerns regarding prolonged charging durations, infrastructure availability, and the safety of battery technology persist, deterring potential buyers, reveals a Deloitte study. According to Deloitte’s 2024 Global Automotive Consumer Study, a greater number of car buyers plan to opt for hybrid vehicles rather than electric vehicles (EVs) for their next purchase, despite the higher cost associated with hybrids. The study identifies[Read More…]
Bharat Petroleum Corporation Limited (BPCL), India’s Fortune 500 Maharatna Energy Conglomerate, has introduced a solution for eco-friendly fuel accessibility in Kolkata with the unveiling of its Mobile MAK Adblue Dispenser. Under the leadership of Shri Sukhmal Jain, Director Marketing at BPCL, this innovative dispenser marks a noteworthy achievement in the company’s commitment to environmental responsibility. MAK Adblue, a diesel exhaust[Read More…]
Rajeev Chandrasekhar confirmed that the two projects include a $8 billion proposal submitted by Israel-based Tower Semiconductors and the other from Tata Group. India is set to welcome two complete semiconductor fabrication plants, accompanied by significant investments, as confirmed by Minister of Electronics and IT, Rajeev Chandrasekhar. The projects include an $8 billion proposal from Tower Semiconductors, based in Israel,[Read More…]
The team behind successful decentralized digital economy ecosystems such as the Open Network for Digital Commerce (ONDC), Kochi Open Mobility Network, Aadhaar, and National Common Mobility Card (NCMC) is now developing a digital public good. This initiative aims to enable customers to locate EV charging stations, green energy sources, and idle batteries nationwide. The Unified Energy Interface (UEI) project, powered[Read More…]
