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Overall, India's engineering exports dropped by 6.62% to US$ 8.75 billion in July 2023 from US$ 9.37 billion in July 2022.
Earths Magnet: China is dominant in magnets and the rare earth metals they are made from. The magnets are central to the manufacturing of such products as electric vehicles, wind turbines, weapons and smartphones, making the sector strategically important. Even so, there has been only limited effort to challenge China's lead.
PNN Chennai (Tamil Nadu) [India], August 22: Kinara Capital, a fast-growing fintech driving MSME financial inclusion, today announced committing to Rs 1,100+ crores disbursements in FY24 for Business Loans for MSMEs in the urban and the peri-urban regions of Tamil Nadu and Union Territory of Puducherry. With a combination of technology driven process and doorstep customer service, Kinara Capital provides fast service to the micro-small-medium enterprise (MSME) sector. The company's myKinara App, available in Tamil, makes it convenient for any MSME business owner to start the loan process i...
Toyota: This incident marks the second instance this year where the Czech plant's operations have been interrupted due to unforeseen circumstances. The plant, which has the capacity to produce approximately 1,000 cars daily, experienced a prior disruption in February.
Li-ion Battery: US-based IBC signed an agreement with the state government this month to set up a recyclable lithium-ion battery manufacturing unit. The company plans to invest INR 8,000 crore in the project.