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  • India’s manufacturing growth fastest in world in November, shows PMI  Dec 05, 2022 08:57 AM IST

    India’s manufacturing growth fastest in world in November, shows PMI 

    While the global manufacturing decline is likely to get worse with new orders decreasing, in India new orders show strong growth 

  • Manufacturing PMI continues momentum growth in November as cost pressures ease Dec 01, 2022 10:36 AM IST

    Manufacturing PMI continues momentum growth in November as cost pressures ease

    The manufacturing PMI has come in above 50 for the 17th month in a row

  • Zetwerk acquires US-based Unimacts for $39 million, to clock a revenue of $1 billion in FY23 Nov 30, 2022 05:29 PM IST

    Zetwerk acquires US-based Unimacts for $39 million, to clock a revenue of $1 billion in FY23

    Zetwerk is presently well capitalised and looking to clock a revenue of $1 billion in revenue for FY23 and is even thinking about going public in the future when market conditions are supportive, said cofounder Amrit Acharya.

  • China Plus One Strategy: Gamechanger For India? | Where Does India Stand In The Race? Nov 30, 2022 04:03 PM IST

    China Plus One Strategy: Gamechanger For India? | Where Does India Stand In The Race?

    Does China plus one put India in a sweet spot? An increase in labour costs, slowdown worries amid zero-Covid policy are some of the reasons that are prompting companies to look for alternative destinations to set up their manufacturing base. Some of the clear winners of China plus one are EU, Mexico and Taiwan because companies have already started investing in some of these nations. Vietnam, for one, has greatly increased its production and exports of smartphones and consumer electronics partly by attracting more foreign direct investment. But can India capitalise on this opportunity and score over its Southeast Asian rivals? Watch this video to find out!

  • Ather charts ambitious plans to become India's biggest EV maker, invests Rs 320 crore in new plant Nov 23, 2022 06:21 PM IST

    Ather charts ambitious plans to become India's biggest EV maker, invests Rs 320 crore in new plant

    The EV maker is in the final stages of getting an approval from the state govenrment to set up another new plant with a total capacity of around one million electric vehicles per annum by the end of FY23.

  • Infosys to digitise and automate processes at Envision AESC's EV battery manufacturing plants Nov 22, 2022 04:27 PM IST

    Infosys to digitise and automate processes at Envision AESC's EV battery manufacturing plants

    Envision and Infosys will co-develop a cloud-based, modular platform that leverages AWS Cloud components of Infosys Cobalt to “digitise key processes that require a high level of human intervention”

  • Investors await Kaynes Technology listing today as defence IPOs fetch heavy returns Nov 21, 2022 11:22 AM IST

    Investors await Kaynes Technology listing today as defence IPOs fetch heavy returns

    Grey market premium of the Kaynes Technology trading massive 40 percent higher or at Rs 235 a share. The IPO has set an issue price at Rs 587 a share

  • Semiconductors | India needs efficient policies on manufacturing and sustainability Nov 11, 2022 09:26 AM IST

    Semiconductors | India needs efficient policies on manufacturing and sustainability

    As India embarks on the journey to create these capital-intensive, large carbon-footprint-intensive fabrication facilities, it should strive to make the manufacturing process more efficient and sustainable

  • Nihon Kohden India's largest manufacturing unit coming up at MET City in Haryana Nov 08, 2022 05:42 PM IST

    Nihon Kohden India's largest manufacturing unit coming up at MET City in Haryana

    The 8,900-square-metre factory will be built on 16,135 square metres of land at MET City in the Jhajjar district of Haryana. It will be nearly four times bigger than Nihon Kohden's existing facility in Gujarat

  • Chinese manufacturing weakens, adding to economic pressure Oct 31, 2022 10:49 AM IST

    Chinese manufacturing weakens, adding to economic pressure

    A monthly purchasing managers’ index declined to 49.2 from September’s 50.1 on a 100-point scale where numbers below 50 indicate activity contracting, according to the government statistics bureau and an official industry group.

  • A Foxconn Tesla? Taiwan tech giant targets 5% of EV manufacturing by 2025 Oct 18, 2022 01:36 PM IST

    A Foxconn Tesla? Taiwan tech giant targets 5% of EV manufacturing by 2025

    Speaking at the company's annual Tech Day, Chairman Liu Young-way said Foxconn, the world's biggest contract electronics maker, wants to replicate its level of success in assembling consumer gadgets as it expands into building EVs for auto brands.

  • Manappuram Jewellers sets up manufacturing unit in West Bengal Oct 18, 2022 07:52 AM IST

    Manappuram Jewellers sets up manufacturing unit in West Bengal

    This unit, the company's second after Bangalore, will be formally inaugurated on Tuesday.

  • Smartphone maker Lava eyes India venture with Chinese partner Oct 17, 2022 07:05 PM IST

    Smartphone maker Lava eyes India venture with Chinese partner

    The venture would aim to win contracts from the US and Chinese customers for research and development, design, and manufacturing of electronics products, according to a letter from Lava to India’s technology ministry seen by Bloomberg News.

  • IMF cautions against moving manufacturing out of China Oct 12, 2022 07:53 AM IST

    IMF cautions against moving manufacturing out of China

    “At the end of the day, we have to think in terms of efficiency, gain and losses. China has been a very important player in global supply chains, and for good reasons,” Krishna Srinivasan, IMF Director of the Asia and Pacific Department, told PTI in an interview.

  • Aim to start rolling out benefits of drone PLI scheme from next month: Govt sources Oct 07, 2022 06:07 PM IST

    Aim to start rolling out benefits of drone PLI scheme from next month: Govt sources

    The official added that a number of companies are still trying to prove their eligibility to be included under the PLI scheme but these discussions are likely to end soon.

  • Zetwerk's revenue up 6 times to Rs 4,961 crore, operating loss at Rs 42 crore in FY22 Sep 22, 2022 12:18 PM IST

    Zetwerk's revenue up 6 times to Rs 4,961 crore, operating loss at Rs 42 crore in FY22

    The B2B manufacturing service marketplace's revenue grew to Rs 4,961 crore in FY22 from Rs 835 crore in the previous year. If the non-cash ESOP expenses were to be omitted, Zetwerk would report an Ebitda profit of Rs 57 crore, it said

  • Rattan India's drone arm Neosky expects PLI incentives to start in next few months Sep 14, 2022 04:54 PM IST

    Rattan India's drone arm Neosky expects PLI incentives to start in next few months

    Neosky also unveiled its anti-drone machine 'Defender' today.

  • World taking note of India's progress in defence manufacturing: MoS Ajay Bhatt Sep 13, 2022 07:41 AM IST

    World taking note of India's progress in defence manufacturing: MoS Ajay Bhatt

    Praising Prime Minister Narendra Modi, the Minister of State for Defence claimed that his initiative ‘Atmanirbhar Bharat’ turned the country from a major importer of defence equipment to an exporter, saying India earned Rs 38,500 crore in five years by manufacturing and selling equipment and apparatus to foreign countries.

  • Does a promising PMI promise a stock market rally?  Sep 09, 2022 08:56 AM IST

    Does a promising PMI promise a stock market rally? 

    The crucial difference is that while the Purchasing Managers Index is based on expectations of manufacturers and service providers, stock market movement is based on expectations of investors 

  • Intel says it has no current plans to start manufacturing in India Sep 07, 2022 04:30 PM IST

    Intel says it has no current plans to start manufacturing in India

    The comments came after India’s transport minister said earlier in the day that the chipmaker will set up a semiconductor manufacturing plant in the country.

  • As drones fly high, Centre mulls rushing in more PLI fuel Sep 07, 2022 12:18 PM IST

    As drones fly high, Centre mulls rushing in more PLI fuel

    From Rs 88 crore before the production-linked incentive scheme was announced, the drone sector turnover has more than trebled to Rs 319 crore in fiscal 2021-22, much higher than the scheme's target of Rs 200 crore

  • Manufacturing PMI edges down to 56.2 in August, but inflation concerns ease Sep 01, 2022 10:37 AM IST

    Manufacturing PMI edges down to 56.2 in August, but inflation concerns ease

    At 56.2, India's manufacturing PMI for August has come in above 50 for the 14th month in a row

  • World factory outlook darkens with weakening from Europe to Asia Aug 01, 2022 03:10 PM IST

    World factory outlook darkens with weakening from Europe to Asia

    Purchasing managers’ indexes for the euro area’s four largest members all indicated contraction, with shrinking confirmed for the region as a whole after an initial estimate on July 22. In Asia, it was China, South Korea and Taiwan that took the biggest hit.

  • Indian manufacturing recovery strongest in Asia Aug 01, 2022 12:38 PM IST

    Indian manufacturing recovery strongest in Asia

     July PMI reading shows higher manufacturing growth, lower inflation 

  • Manufacturing activity improves in July, PMI rises to 8-month high of 56.4 Aug 01, 2022 10:35 AM IST

    Manufacturing activity improves in July, PMI rises to 8-month high of 56.4

    At 56.4, India's manufacturing PMI for July has come in above 50 for the 13th month in a row