China Allocates $47.5 Billion to Strengthen Semiconductor Industry

Monday, May 27, 2024

China has launched its third state-backed investment fund to bolster its semiconductor industry, with a registered capital of 344 billion yuan (approximately US$47.5 billion), according to a filing with a government-run companies registry. This su...

India's JSW Steel to Lower Steel Production Costs

Monday, May 20, 2024

JSW Steel's third phase of capacity expansion at its Dolvi plant will be one of the company's most cost-effective brownfield expansions, according to CEO Jayant Acharya. The company will invest just over ₹19,000 crore in this phase, focusing on me...

TVS Motors Commences Operation in Italy

Friday, May 17, 2024

TVS Motor Company Ltd announced on Wednesday that it has commenced operations in Italy, with plans to introduce a range of both conventional and electric scooters and motorcycles. The company is expanding its presence in Italy through its branch o...

Nio to Secure Batteris from BYD for their Latest EV Automobile

Thursday, May 16, 2024

Nio, a Chinese electric vehicle manufacturer, has collaborated with its larger competitor, BYD, to procure batteries for a new electric vehicle brand, according to three sources familiar with the situation. This partnership represents a strategic ...

Two Wheeler Manufacturers Make Record Profits on Spare Parts

Thursday, May 16, 2024

Two-wheeler manufacturers Royal Enfield, Bajaj Auto, and Hero MotoCorp have reported record revenue from the sale of branded genuine parts, accessories, and merchandise in FY24. This surge in revenue is attributed to a more organized market for th...

Aluminium Manufacturers Reporting 25% Growth in FY24: CRISIL

Thursday, May 16, 2024

Indian primary aluminium manufacturers are projected to experience over 25% operating margin growth in the current fiscal year, attributed to sustained healthy demand, improved realizations, and a probable reduction in production costs due to cheaper


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