Seoul, Jan 9: Hyundai Motor Group on Thursday pledged to invest a record 24.3 trillion won ($16.6 billion) in South Korea this year to bolster future competitiveness amid uncertain global business environments.
Seoul, Jan 9: LG Energy Solution Ltd (LGES), South Korea's leading battery maker, on Thursday estimated it swung to an operating loss in the fourth quarter from a year earlier amid slowing sales of electric vehicles (EVs).
Berlin, Jan 9: Germany's industrial sector experienced a sharp decline in incoming orders in November 2024, falling by 5.4 per cent compared to the previous month, official data revealed.
New Delhi, January 8: In a significant step towards promoting indigenous capabilities and strengthening operational efficiency, 62 Indian-manufactured vehicles are set to reach Lebanon for utilisation by the Indian contingent deployed in the United Nations Interim Force in Lebanon (UNIFIL), an official statement by Indian Army said.
New Delhi, January 8: India's solar sector is poised for exponential growth over the next decade, as the country aims to reach 500GW of renewable energy capacity by 2030. A report by Kotak Institutional Equities says that India's solar energy capacity will reach 214 GW by 2030 from 82GW now.
Pune, January 8: Auto maker Mahindra unveiled its state-of-the-art manufacturing and battery assembly facility at its Chakan plant, to producing next-generation Electric Origin SUVs.
Pune, Jan 8: Automaker Mahindra on Wednesday unveiled its new manufacturing and battery assembly facility at its Chakan plant, a fully integrated ecosystem dedicated to producing electric SUVs.
Mumbai, January 8: The State Bank of India (SBI) has revised its forecast for India's GDP growth in FY25 to 6.3 per cent, slightly lower than the National Statistical Office's (NSO) estimate of 6.4 per cent.
New Delhi, January 8: India will soon be reaching the take-off stage in its export sector, Vimal Anand, Joint Secretary, Ministry of Commerce and Industry, said on Tuesday.
New Delhi, January 7: Stressing the need for the production agencies over the slow production rate, Indian Air Force (IAF) chief Air Chief Marshal AP Singh on Tuesday said that the service has not even received the 40 Tejas aircraft, adding that the production agencies have to invest in their advanced manufacturing processes.
New Delhi, Jan 26: Union Minister of Steel and Heavy Industries H. D.
Johannesburg, Jan 6: Steel producer ArcelorMittal South Africa Ltd announced on Monday that it is shutting down its loss-making long steel business in the country, a move that is likely to hit about 3,500 direct and indirect jobs.
Gandhinagar, January 6: Gujarat Chief Minister Bhupendra Patel inaugurated the Quality Conclave on the 78th Foundation Day of the Bureau of Indian Standards (BIS) in Gandhinagar. The conclave was organized by BIS's Ahmedabad office in partnership with the Gujarat Chamber of Commerce and Industry.
Gurgaon, January 6: Institutional investments in Indian real estate reached a five-year high of USD 6.5 billion in 2024, marking a 22 per cent year-on-year (YoY) growth from USD 5.4 billion in 2023, according to Colliers report.
New Delhi, Jan 5: Union Minister of Steel and Heavy Industries H.D. Kumaraswamy will launch ‘PLI scheme 1.1’ for the steel industry and call for applications at an event scheduled to be held at Vigyan Bhavan in the national capital on Monday.
New Delhi, January 5: Union Minister of Steel and Heavy Industries HD Kumaraswamy will launch 'PLI scheme 1.1' for the steel industry, the Ministry of Steel said in a release on Sunday. Applications for the scheme will be invited during an event scheduled at Hall No. 1, Vigyan Bhavan, Maulana Azad Road, New Delhi, on January 6, 2025, the release added.
Hong Kong, January 4: China is planning to impose new export restrictions on technologies used to extract minerals vital for the global electric vehicle (EV) industry, signalling an escalation in its ongoing tech rivalry with the United States, CNN reported.
New Delhi, January 3: The central government's Production-Linked Incentive (PLI) schemes could generate an incremental revenue of USD 459 billion over the next 5-6 years across more than 720 companies, according to a report by Goldman Sachs.
New Delhi, January 2: India's manufacturing sector showcased continued resilience in December 2024, with employment rising for the tenth consecutive month and reaching its fastest pace of job creation in four months, according to HSBC India Manufacturing Purchasing Managers' Index (PMI).
Mumbai, January 1: Automotive company Mahindra & Mahindra (M&M Ltd.) witnessed a 16 per cent increase in overall automotive sales, with 69,768 units in December, the company stated on Wednesday in its exchange filing.