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Manufacturing

Stay informed on news, industry trends, funding, and policies shaping the future of the manufacturing sector in India.

Weak consumer demand drag passenger vehicle sales down in June

Manufacturing

10 July, 2019

Weak consumer demand drag passenger vehicle sales down in June

India's passenger vehicles sales slumped 17.54% in June, an auto industry body said on Wednesday, resulting in an 18.4% fall...

Adhunik Metaliks goes into liquidation as Liberty House fails to pay up

Manufacturing

09 July, 2019

Adhunik Metaliks goes into liquidation as Liberty House fails to pay up

The National Company Law Tribunal (NCLT) has ordered the liquidation of Adhunik Metaliks Ltd and unit Zion Steel after the ......

Hero MotoCorp carves out electric vehicle unit, rejigs top deck

Manufacturing

09 July, 2019

Hero MotoCorp carves out electric vehicle unit, rejigs top deck

Hero MotoCorp Ltd on Tuesday said it had appointed Rajat Bhargava as head of its newly created ‘Emerging Mobility’...

Former Tata Motors exec backs electric scooter startup BattRE

Manufacturing

08 July, 2019

Former Tata Motors exec backs electric scooter startup BattRE

Former Tata Motors Ltd president Gajendra Chandel has invested an undisclosed sum of money in the Jaipur-based electric scooter...

BASF to sell laundry-whiteners' business to Archroma

Manufacturing

08 July, 2019

BASF to sell laundry-whiteners' business to Archroma

Germany-based chemicals producer BASF SE’s India unit has signed a pact to sell its business of optical brighteners that...

Budget 2019: Electric vehicles get big push, tax policy to boost Make In India

Manufacturing

05 July, 2019

Budget 2019: Electric vehicles get big push, tax policy to boost Make In India

The central government on Friday said it would provide income-tax deduction of Rs 1.5 lakh on the interest paid on ......

NCLAT ruling moves ArcelorMittal a step closer to Essar Steel takeover

Manufacturing

04 July, 2019

NCLAT ruling moves ArcelorMittal a step closer to Essar Steel takeover

An Indian court on Thursday rejected a petition challenging ArcelorMittal SA's proposed takeover of debt-ridden Essar Steel,...

Raymond unit JK Files in talks to acquire Turkish company

Manufacturing

03 July, 2019

Raymond unit JK Files in talks to acquire Turkish company

Indian industrial tool manufacturer JK Files is in talks to take over Turkey's Makina Takim, two people familiar with the...

Asian Colour Coated Ispat's lenders approve takeover offer from JSW Steel

Manufacturing

01 July, 2019

Asian Colour Coated Ispat's lenders approve takeover offer from JSW Steel

Lenders to Asian Colour Coated Ispat Ltd have approved an offer from Sajjan Jindal-led JSW Steel Ltd to acquire the ......

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UV ARC acquires cement maker's debt to expand mid-market operations

Manufacturing

01 July, 2019

UV ARC acquires cement maker's debt to expand mid-market operations

UV Asset Reconstruction Company Ltd is close to acquiring the entire debt of a distressed cement manufacturing company, as it...

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