manufacturing

Karnataka authorities able to help semiconductor manufacturing with 20% subsidy, says MB Patil

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The Karnataka Giant and Medium Industries Minister MB Patil, in a sequence of tweets, introduced the state authorities’s deliberation to supply 20 p.c subsidy help for semiconductor manufacturing firms. On Wednesday, the Karnataka minister tweeted on the Union Minister for Metal and Heavy Industries, H.D. Kumaraswamy, indicating the federal government’s willingness to increase subsidy help … Read more

Ethereal Machines: Raises $13 million in Collection A funding spherical

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Ethereal Machines, a Deep-Tech manufacturing start-up, raised $13 million in a Collection A funding spherical led by Peak XV Companions and Steadview Capital. Present buyers Blume Ventures, Enam Investments, and Sandeep Singhal additionally participated on this spherical. Additionally learn: RENÉE Cosmetics raises ₹100 crore in Collection B funding The funds from this spherical will likely … Read more

Modi 3.0 Cupboard: Nirmala Sitharaman takes cost as Union Finance Minister for second time; to current the complete Union Funds; Authorities to concentrate on tackling unemployment

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Finance Minister Nirmala Sitharaman on Wednesday took cost and resumed her work within the North Block. That is her second time period within the Ministry as a Cupboard Minister and total, her third time period as she was a Minister of State through the first time period of the Modi Authorities (2014-2019). Additionally learn: Consultants … Read more

India in prime seven semiconductor manufacturing nations by 2030: Vaishnaw

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Minister of Communications and IT and Railways, Ashwini Vaishnaw pegged India to change into one of many prime seven semiconductor producers within the subsequent 5 to 6 years. Talking on the Nationwide Inventory Trade, Mumbai, as a part of Viksit Bharat Ambassador sequence – Vaishnaw mentioned on Thursday: “The semiconductor trade is a brand new … Read more

Avendus FLF-II set to attain full deployment by December, says Ritesh Chandra

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Avendus Future Leaders Fund will totally make investments the remaining portion of its ₹ 1,500-crore second collection fund (FLF-II) by December, Ritesh Chandra, Managing Associate, has stated. Thus far, as a lot as 83 p.c of $200 million FLF-II has been deployed throughout ten investments. “The remaining 17 per cent corpus will likely be deployed … Read more

Manufacturing PMI drops to 58.8 in April, modest job creation

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Because the output development slowed, manufacturing-related Buying Managers’ Index (PMI) dropped to 58.8 in April as in opposition to 59.1 in March. Nonetheless, the excellent news is that job creation was good. Additionally learn: GST assortment surges to ₹2.10 lakh crore in April, FM says all IGST dues settled “April’s manufacturing PMI recorded the second … Read more

India ranks highest for international implementation of AI initiatives: Report

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India heads the pack as an AI chief, with 70 per cent of firms having AI initiatives up and operating, or in movement. That is in stark distinction with the worldwide common of 49 per cent, in keeping with a report by NetApp. Moreover, the report discovered that 91 per cent of India-based firms will … Read more

Flash composite PMI surges to 14-year-high of 62.2 in April

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Driving on constructive demand, non-public sector continues to indicate spectacular efficiency, as flash composite Buying Managers’ Index (PMI) surged to 14-yearhigh to 62.2 in April, a survey outcome launched by S&P World on Tuesday confirmed.  It was 61.8 in March “Robust efficiency in each the manufacturing and repair sectors, led by elevated new orders, resulted … Read more

NDA@10: India now a best choice for manufacturing investments

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India has during the last 10 years from 2014 to 2024, made fast strides in the direction of Manufacturing. Evolving into a worldwide manufacturing hub, it has rolled out a slew of initiatives together with the Make in India programme and the manufacturing linked incentives scheme. In the direction of this finish, submit COVID there … Read more

Zoho founder Sridhar Vembu declares new energy instruments enterprise Karuvi

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Software program as-a-service (SaaS) agency Zoho is one step nearer to its foray into manufacturing.  Zoho founder and entrepreneur Sridhar Vembu mentioned on Wednesday {that a} small crew of engineers have created a brand new line up of energy instruments which can be prepared for business manufacturing. “Now we have a set of instruments prepared … Read more