Siemens Energy has opened a new office in Bangalore, consolidating its local operations alongside the Siemens Gamesa office. The facility also houses the company’s Industrial Gas Turbine Service Centre, which provides services for its installed fleet in India, including full machine overhauls. The site includes a Global Engineering Centre for the company’s Transformation of Industry […]
Kennametal India Limited (KIL), a manufacturer of high-performance cutting tools and engineered components, reported sales of INR 3,234 million for the quarter ended 30 June 2025, a 6.9 percent increase from INR 3,024 million in the same period last year. Profit Before Tax (PBT) rose 3.2 percent to INR 413 million, compared with INR 400 million […]
Sanmati Components Private Limited (SCPL) has expanded its machining capacity with the installation of a new AceMicromatic Group MCH-500L Horizontal Machining Centre (HMC) equipped with a continuous rotary table. The machine, installed at the company’s plant in Kolhapur, Maharashtra, is intended to increase precision and reduce production lead times for components and assemblies. According to […]
Saint-Gobain, a manufacturer of industrial materials, has begun construction of its seventh float glass line and fifth mineral wool insulation line at its manufacturing site in Oragadam, near Chennai. The expansion adds a float glass capacity of 1,000 tonnes per day and a mineral wool insulation capacity of 50,000 tonnes. According to the company, the […]
Manastu Space, a Mumbai-based spacetech startup, has raised USD 3 million in an extended Series A round led by venture capital firm Capital-A. Existing investors Capital 2B, Indian Angel Network (IAN), E2MC, the Bhagnani family office, Jeet Chandan, among others, also participated. Lodha Capital acted as the transaction facilitator. The funding will be used for […]
Serendip Holdings Co., Ltd. (Nagoya, Japan) has signed a joint-venture agreement with NTF India Private Limited to establish a company in India for the development and distribution of automotive interior and exterior parts. The venture will be majority-owned by Serendip’s group company, Mitsuiya Industrial Co., Ltd., with a 51 percent stake, while NTF India will […]
Speciale Invest, a venture capital firm, has closed its third fund at INR 6 billion, surpassing an initial target of INR 5 billion. The firm plans to make 18–20 investments over the next four years in areas that include space, advanced manufacturing, energy, health, and artificial intelligence. The firm said Fund III will focus on […]
The Indian National Space Promotion and Authorisation Centre (IN-SPACe) has selected a consortium led by Pixxel Space India, along with PierSight, SatSure Analytics India, and Dhruva Space, to design, build, and operate a fully indigenous commercial Earth Observation (EO) satellite constellation under the Public-Private Partnership (PPP) model. The project involves an investment of over INR […]
Ultraviolette, a Bengaluru-based electric vehicle manufacturer, has secured an investment from TDK Ventures, the corporate venture capital arm of Japan’s TDK Corporation. This funding is part of Ultraviolette’s latest financing round and aims to accelerate the development and production of its electric motorcycles and scooters. Ultraviolette’s current product lineup includes mid-premium motorcycles and scooters, with […]
CG DE SUB, LLC (CG USA), a wholly owned subsidiary of India’s CG Power and Industrial Solutions Limited, has signed an agreement with Flanders Electric Motors Service, LLC (FLANDERS) to offer traction motor replacement and refurbishment solutions in the United States railway market. The partnership aims to leverage local capabilities to provide faster turnaround times […]
