Industry - general
ArcelorMittal Nippon Steel opens production line for automobile grade high-strength steel at Hazira
By Unnikrishnan | 17 Jul 2025
ArcelorMittal Nippon Steel India (AM/NS India) has commissioned a cutting-edge Continuous Galvanising Line (CGL) for producing Advanced High-Strength Steel (AHSS) at its Hazira plant in Gujarat.
Elon Musk drives his Rs60-lakh Tesla Model Y into India
By Unnikrishnan | 16 Jul 2025
Elon Musk’s iconic electric vehicle brand Tesla on Tuesday formally made its entry into the Indian market with its first showroom in Mumbai’s bandra-Kurla Complex (BKC) displaying its Model Y
Glenmark Pharma Hits Record High on Landmark AbbVie Licensing Deal
By Cygnus | 11 Jul 2025
Glenmark Pharmaceuticals shares rallied 10% on Friday to reach a record high after its biotech subsidiary signed a significant licensing agreement with U.S. drugmaker AbbVie.
Apple’s India Manufacturing Ambitions Face Setback as Foxconn Pulls Chinese Engineers
By Cygnus | 03 Jul 2025
Apple’s efforts to expand its manufacturing footprint in India have hit a roadblock. Foxconn, the tech giant’s key assembly partner, has quietly recalled a large number of Chinese engineers and technicians
Sanofi to acquire Blueprint Medicines in $9.5 billion deal to bolster immunology push
By Cygnus | 02 Jun 2025
French pharmaceutical giant Sanofi is set to acquire U.S.-based Blueprint Medicines Corporation in a deal worth up to $9.5 billion
SpaceX’s Starship suffers mid-flight failure, raising fresh questions about Mars ambitions
By Axel Miller | 28 May 2025
SpaceX’s Starship rocket took off with promise but ended in setback once again on Tuesday, as the mammoth launch vehicle lost control mid-flight and failed to meet several critical test milestones.
Oil prices dip on surprise U.S. inventory build and geopolitical jitters
By Axel Miller | 22 May 2025
Oil prices continued their downward drift on Thursday, marking a third consecutive session of losses.
Disney Sets Sights on Abu Dhabi for First Middle East Theme Park with Miral Partnership
08 May 2025
Walt Disney is making a bold move into the Middle East, announcing plans to open its first-ever theme park in the region—right in the heart of Abu Dhabi
Oil prices poised for second weekly drop amid US-China trade tensions
11 Apr 2025
Oil markets are heading for another weekly decline as ongoing trade tensions between the United States and China cast a long shadow over global demand forecasts.
Tesla enters Saudi Arabia: A cautious debut amid high ambitions and lingering challenges
10 Apr 2025
Tesla has officially launched sales in Saudi Arabia, marking its long-awaited entry into a country with bold electric vehicle ambitions—but daunting logistical and political hurdles.
Aerospace industry in turmoil: Tariff shockwaves trigger global contract battles
08 Apr 2025
Global aerospace giants — from suppliers to airlines — are locked in a fierce battle over rising tariffs, dissecting billions of dollars’ worth of contracts to shield themselves
India’s coal production surpasses 1 billion tonne mark in FY25
22 Mar 2025
India has set a milestone in coal production, surpassing one billion tonnes (as of 20 March 2025) in the financial year 2024-25.
NASA’s SpaceX Crew-9 back on Earth after 286-day science mission
19 Mar 2025
A SpaceX Dragon spacecraft carrying NASA astronauts Nick Hague, Sunita Williams, Butch Wilmore, and Roscosmos cosmonaut Aleksandr Gorbunov splashed down in the water off the coast of Tallahassee
Tesla applies for homologation of Model 3 and Model Y in India
17 Mar 2025
Elon Musk’s Tesla Motors, which recently opened its first showroom in Mumbai, is reported to have now applied for homologation of two cars – Model Y and Model 3 – tht are planned to be first introduced in India.
Sweden’s top EV battery maker Northvolt files for bankruptcy
12 Mar 2025
Swedish battery maker Northvolt AV has filed for bankruptcy, done down by rising capital costs, geopolitical instability, supply chain disruptions, and shifts in market demand, marking one of the largest corporate
India’s telephone subscriber base estimated at 1,189.92 million at end-December 2024
12 Mar 2025
The number of telephone subscribers in India increased from 1,187.15 million at the end of November 2024 to 1,189.92 million at the end of December 2024
KG Basin arbitral award a sham, says Delhi High Court
16 Feb 2025
The Delhi High Court has held the arbitral award passed in favour of Reliance Industries Ltd in the Krishna-Godavary Basin dispute as patently wrong and illegal
Honeywell to split into 3, spin off automation and aerospace businesses
07 Feb 2025
Honeywell on Thursday announced the completion of a comprehensive portfolio review, which would lead to the hiving off of its automation and aerospace businesses.
The cost of neglecting water transport
03 Feb 2025
Inland water transport is widely recognised as a cheaper and environment friendly mode of transport and, as per a report prepared by RITES
ABB, Skoda Group tie up to supply new battery-electric trains for Czech railways
24 Jan 2025
Electrical and instrumentation group ABB has entered into a long-term agreement with transportation group Skoda, under which ABB will supply its Pro Series battery packs
Hindenburg founder to close short-seller behind Adani, Nikola selloffs
16 Jan 2025
One man who is bound to be very happy with the news of Hindenburg Research closing down will be Gautam Adani
Oil edges upward, but ambiguity over sanctions restrains momentum
15 Jan 2025
Oil prices rose on Wednesday, reversing a part of an earlier session’s decline. The reason – apprehensions over potential disruptions tied to sanctions on Russian oil tankers
EU revisits antitrust scrutiny on Apple, Google, and Meta
14 Jan 2025
In what could become a dramatic turnaround, the European Union is reevaluating its scrutiny of tech behemoths, including Apple, Meta, and Google.
Oil prices rise as US sanctions target Russian exports to China and India
13 Jan 2025
Oil prices continued their upward trajectory for the third consecutive session on Monday, with Brent crude crossing $80 per barrel for the first time in over four months.
Berger, JSW look to acquire Akzo Nobel’s decorative paints business in India
11 Jan 2025
Berger Paints and JSW Paints are looking at acquiring Akzo Nobel, the maker of Dulux paints, as the Dutch multinational has started a review if its decorative pains business in South Asia.