Other News

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
Bridgestone India Introduces New Premium Tyre for Premium Passenger Vehicles

Bridgestone India Introduces New Premium Tyre for Premium Passenger Vehicles

Bridgestone India launched its new generation tyre Bridgestone TURANZA 6i for the Passenger Vehicles Segment. TURANZA 6i is the result of previously announced expansion in the Passenger Radial business. The tyre, specifically developed for Indian roads, provides a premium comfort ride experience, with superior fuel efficiency and wear life, making it a well-rounded premium offering from Bridgestone. Bridgestone TURANZA 6i[Read More…]

by April 10, 2024 Newscast
“Altair Expands Presence in India with New Chennai Office: Driving Innovation in Engineering Simulation”

“Altair Expands Presence in India with New Chennai Office: Driving Innovation in Engineering Simulation”

Altair (Nasdaq: ALTR) has inaugurated its new office in Chennai, India, on April 9th, 2024. As a renowned figure in computational intelligence, product development, high-performance computing (HPC), and data analytics, Altair’s expansion in Chennai underscores its dedication to fostering innovation and collaboration within the Indian engineering community. This strategic move aims to better serve the growing customer base in the[Read More…]

by April 10, 2024 Newscast
“Marelli Unveils Design-Led Innovations at Beijing Auto Show”

“Marelli Unveils Design-Led Innovations at Beijing Auto Show”

Marelli is set to dazzle visitors at the Beijing International Automotive Exhibition with its cutting-edge innovations, emphasizing a journey through design-led innovation and the latest technologies tailored for the China market. From April 25 to May 4, 2024, at booth W1-W01, guests will embark on a curated experience showcasing Marelli’s approach to co-creation and its transformative impact on vehicle personalization.[Read More…]

by April 10, 2024 Newscast
Freudenberg Group Achieves Record Growth in 2023, Plans Major Investments in India

Freudenberg Group Achieves Record Growth in 2023, Plans Major Investments in India

Freudenberg Group, a global technology conglomerate, which commemorates its 175th anniversary year in 2024, today reported record growth in revenues and operating profits for the financial year 2023. Freudenberg achieved sales of €11,902.8 million, 1.3 % higher than the previous year’s figure of €11,753.1 million. The operating profit of €1,081.6 million showed a significant increase of about 15 percent, compared[Read More…]

by April 8, 2024 Newscast
Nippon Paint unveils Mastercraft, for Exemplary Automotive Aftermarket Body and Paint Work

Nippon Paint unveils Mastercraft, for Exemplary Automotive Aftermarket Body and Paint Work

Asia Pacific’s leading paint and coating company, Nippon Paint has launched its consumer facing automotive body and paint repair service brand, Mastercraft. Mastercraft promises exemplary body and paint work, car decoration services and ultra-fast velocity repairs, backed by Japanese precision and technology. The first Mastercraft store has been established in Gurugram. Mastercraft Gurugram, operated by N-Square Automotive Services will cater[Read More…]

by April 7, 2024 Newscast
Plastics Recycling Show India 2024

Plastics Recycling Show India 2024

Press Release Plastics Recycling Show India 2024 Spotlighting the Rapid Evolution of India’s Plastics Recycling Market The inaugural edition of Plastics Recycling Show India is to be held from 4th to 6th December 2024 at Bombay Exhibition Centre, Mumbai. India’s Plastic Recycling Industry is expected to grow from a total market volume of 9.9 million tons to 23.7 million tons[Read More…]

by April 6, 2024 Press Release
Tesla to scout sites in India for $2 bn-$3 bn EV plant.

Tesla to scout sites in India for $2 bn-$3 bn EV plant.

Tesla is planning to send a team from the United States to India by late-April to scout potential locations for a new electric car plant. According to the Financial Times, the proposed investment for this plant could be between $2 billion to $3 billion. This move comes at a time when the demand for electric vehicles is slowing down in[Read More…]

by April 4, 2024 Newscast