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Manufacturing

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

Sweden's SSAB abandons plan to buy Tata Steel's Dutch plant

Manufacturing

29 January, 2021

Sweden's SSAB abandons plan to buy Tata Steel's Dutch plant

Swedish steelmaker SSAB has ended talks over a potential acquisition of Tata Steel's Dutch steel mill, it said on Friday,...

Kolkata-based Kothari Group sells Punjab mill to Cedaar Textile

Manufacturing

29 January, 2021

Kolkata-based Kothari Group sells Punjab mill to Cedaar Textile

A Kothari Group firm has sold its Punjab-based textile spinning unit to Cedaar Textile Private Limited. Gillanders Arbuthnot...

Taiwan approves $140 mn Pegatron investment in India

Manufacturing

29 January, 2021

Taiwan approves $140 mn Pegatron investment in India

Taiwan's government on Thursday said it had approved a $140 million investment in India by Pegatron Corp, a Taiwanese contract...

United Spirits sells Tern Distilleries to building materials maker

Manufacturing

25 January, 2021

United Spirits sells Tern Distilleries to building materials maker

United Spirits Ltd, a Diageo-owned alcoholic beverages manufacturer, has sold a non-operational subsidiary to building materials...

GM warns Maharashtra's move to block its exit could hit investment

Manufacturing

25 January, 2021

GM warns Maharashtra's move to block its exit could hit investment

An Indian state's move to block General Motors (GM) from shutting a plant and exiting the country defies the state's ......

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Vectus Pipes puts IPO on hold; key investor partially exits via buyback

Manufacturing

22 January, 2021

Vectus Pipes puts IPO on hold; key investor partially exits via buyback

Plastic water tank and pipes maker Vectus Industries Limited has put its initial public offering (IPO) plans on the backburner...

Motherson Sumi to enter Turkey via two acquisitions

Manufacturing

19 January, 2021

Motherson Sumi to enter Turkey via two acquisitions

Automotive parts manufacturer Motherson Sumi Systems Ltd will enter the Turkish market with the acquisition of two companies through...

Mahindra cuts over half of North America workforce

Manufacturing

13 January, 2021

Mahindra cuts over half of North America workforce

Indian automaker Mahindra & Mahindra Ltd has cut more than half of the workforce at its North American unit, two ......

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TCG gets court nod to acquire bankrupt textile co

Manufacturing

06 January, 2021

TCG gets court nod to acquire bankrupt textile co

Purnendu Chatterjee led The Chatterjee Group (TCG) has received court approval to acquire a popular debt-ridden textile company...

Nithia Capital, CarVal Investors complete acquisition of two Uttam Galva units

Manufacturing

05 January, 2021

Nithia Capital, CarVal Investors complete acquisition of two Uttam Galva units

Seven months after court approval, UK-based distressed steel investor Nithia Capital and American global alternative investment...

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