CATHODE MATERIAL MANUFACTURING FACILITY
Jindal Stainless enters retail segment, expands into construction value chain
Jindal Stainless Ltd has entered the retail market with Jindal Infinity, a new stainless steel rebar. This move allows the company to connect directly with builders and consumers. The product offers superior corrosion resistance for enhanced durability. Jindal Stainless is expanding its manufacturing capacity and network to meet growing demand for high-performance construction materials.
Odisha gets 3D chip packaging unit
Odisha is emerging as a significant player in advanced sectors like electronics and semiconductors with the inauguration of India's first 3D glass substrate packaging facility. This Rs 1,943 crore project, set up by 3D Glass Solutions Inc., aims to bolster India's semiconductor value chain and support future technologies like AI and high-performance computing.
Foundation stone laid for India's first advanced 3D chip packaging unit in Odisha's Info Valley
Union Minister for Electronics & IT Ashwini Vaishnaw said that the foundation stone of a semiconductor plant has been laid in Odisha on the occasion of Akshay Tritiya. He said the upcoming facility marks a significant step for high-tech manufacturing in the state, adding that he thanked Prime Minister Narendra Modi and Odisha Chief Minister Mohan Charan Majhi.
SIA chargesheets four doctors and six others in Ansar Ghazwat ul Hind case in Kashmir
Kashmir's State Investigation Agency has filed a charge sheet against ten individuals, including four doctors. They are accused of forming a secret group involved in radicalisation and recruitment. The module was preparing for attacks across India. This group aimed to revive a banned terrorist outfit. Investigators found evidence of explosive material procurement and fabrication. The network has been dismantled.
Trump says will bring Iran uranium 'back home to the USA'
President Donald Trump announced a plan for the United States and Iran to jointly remove uranium from Tehran's nuclear sites using excavators. This move is part of a potential peace deal. Trump expressed optimism about reaching an agreement soon. He mentioned the material would be transferred to US territory.
Kadimi Group expands global footprint
Kadimi Tool Manufacturing Co. , a player in the fastener and cold forging industry, recently made its first global acquisition with the US-based Rol-flo Engineering Inc.
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Paracetamol may get costlier as Vizag chemists warn 30–40% drug cost surge amid Iran war-led pharma cost shock
The ongoing conflict in Iran is impacting India's healthcare sector. Pharmaceutical distributors warn of significant price increases for essential medicines. Soaring raw material costs, particularly from West Asia, are forcing manufacturers to adjust prices. While current stock remains unaffected, future hikes are expected for generic and essential drugs. The government is taking steps to stabilize costs and ensure availability.
India turns the tables on China: The great supply chain flip begins
India's electronics sector is transforming. For years, the country assembled products using imported parts. Now, Indian companies are exporting electronic components, even to China. This marks a significant shift from just assembly to deeper manufacturing involvement. This change is driven by government policies and global manufacturers.
Andhra Government clears Rs 2,500 crore NSPSL cathode plant in Chittoor
Andhra Pradesh is set to boost its electronics and battery sector. The state government has approved a significant Rs 2,550 crore investment by NSPSL Speciality Chemicals. This will establish a cathode material manufacturing facility in Chittoor district. This project is crucial for localizing key battery components. It will support the growth of electric vehicles and consumer electronics.
VIDYA strengthens global coffee presence with acquisition in Romania
VIDYA has acquired Nordexim MV International, a Romanian coffee manufacturing facility, to expand its global presence and deliver Indian coffee to international markets. This strategic move enhances VIDYA's integrated private label solutions, strengthens its European footprint, and optimizes supply chain efficiency.
India eyes US-led Pax Silica seed fund
India is keen on getting access to the US State Department's new $250 million Pax Silica seed fund designed to secure global supply chains for artificial intelligence, semiconductors and critical minerals, people in the know said. This was discussed among steps to operationalise the multilateral initiative during foreign secretary Vikram Misri's three-day visit to Washington DC last week, they said.
Thermax: Putting best foot forward to help reduce carbon footprint
Thermax is leading the way in sustainable industrial growth. The company focuses on climate-aligned strategies and decarbonizing manufacturing. Thermax offers innovative solutions for cleaner energy and emission reduction. It also prioritizes biodiversity and water conservation. This approach shows that industrial progress and environmental responsibility can go hand in hand. Thermax is setting new standards for the energy and manufacturing sectors.
Mankind Pharma’s Rx for success: Aatmanirbhar push, affordable care
Mankind Pharma, guided by Ramesh and Rajeev Juneja, is a leading Indian pharmaceutical firm. The company focuses on mass-market drugs and has expanded into chronic and specialty treatments. With over 75% of manufacturing in-house, Mankind Pharma emphasizes quality, affordability, and accessibility. They are investing in innovation and digital capabilities to meet growing healthcare needs.
Wipro Hydraulics to acquire majority stake in Italy's Indeco Ind Spa
Wipro Hydraulics is acquiring Italy's Indeco Ind Spa. This deal will expand Wipro's offerings into hydraulic attachments. Indeco manufactures equipment for construction and demolition. The acquisition strengthens Wipro's global presence and product range. The founding family will continue to be involved in Indeco's operations. This move marks a significant step for Wipro Hydraulics.
EU’s CBAM expansion to impact Indian engg, auto parts, machinery exports: GTRI
India's exports of engineering goods, auto parts, and machinery to Europe face potential carbon tax hikes as the EU expands its Carbon Border Adjustment Mechanism. Starting 2028, the CBAM will cover a wider range of manufactured industrial goods, including stricter rules for recycled materials. This move could significantly impact Indian manufacturers exporting to the bloc.
Corrugated box manufacturers warn of severe cost surge, call for price revision and policy support
India's corrugated box makers are in crisis. Kraft paper prices have jumped 15-20 percent. Other materials like gum and ink are up 30-40 percent. Factory running costs are also increasing. The industry faces GST refund delays, locking up vital funds.
Apple reports record use of recycled materials across products in 2025
Apple reported that 30% of the materials used in its 2025 products came from recycled sources, its highest level so far, as part of its push to become carbon neutral by 2030. The company highlighted major progress in using recycled materials across batteries, magnets, and circuit boards, while also reducing emissions by over 60% compared to 2015 levels. Alongside this, Apple expanded renewable energy use, eliminated plastic packaging, improved recycling systems, and strengthened water conservation and waste reduction efforts.
EU's proposed CBAM expansion may impact Indian exporters: GTRI
The European Union is set to broaden its Carbon Border Adjustment Mechanism, which could lead to a spike in carbon tax expenses for Indian goods shipped to Europe. Exporters in India must quickly adapt by enhancing their emissions tracking and implementing decarbonisation strategies.
AI demand drives chipmaker TSMC's net profit to fresh record
Governments and tech giants are pouring hundreds of billions of dollars into building new data centres that can run and train AI tools such as chatbots, image generators and agents that can execute tasks. TSMC said its net profit for the first quarter of 2026 rose a whopping 58.3% from a year ago to NT$572.5 billion ($18 billion).
Musk's staff reaches out to suppliers for Terafab project: Report
Elon Musk's staff have reached out to chip industry suppliers including Applied Materials, Tokyo Electron and Lam Research for his Terafab AI chip complex project with SpaceX and Tesla.
Dr Reddy's gets nod to roll out generic oral semaglutide drug
"The formulation was clinically evaluated in a head-to-head comparative study conducted in India, which established the non-inferiority to Novo Nordisk's oral semaglutide (Rybelsus brand). Based on this clinical evidence, our product has received regulatory approval in India under the biosimilar regulatory pathway," a company spokesperson said.
These mid-cap stocks with ‘Strong Buy’ & ‘Buy’ recos can rally over 25%, according to analysts
What is evident in the last few trading sessions is how the street is treating Q4 earnings numbers. If a company delivers in terms of numbers, the street has money flowing into that stock. So, clearly, from a blanket bearish phase we have moved into stock-selective mode. ET Screener, powered by Refinitiv’s Stock Report Plus, lists quality stocks with high upside potential over the next 12 months, and having an average recommendation rating of “Buy” or "Strong Buy". This predefined screener is only available to ET Prime users.
Jeh Aerospace signs supply pact with France-based Liebherr-Aerospace
Jeh Aerospace has secured a significant long-term deal with Liebherr-Aerospace. The agreement focuses on precision landing gear components for narrow-body commercial aircraft. Jeh Aerospace will manufacture these vital parts at its Hyderabad facility. This collaboration integrates Jeh Aerospace into Liebherr-Aerospace's global manufacturing network. The pact underscores Jeh Aerospace's commitment to operational excellence and precision manufacturing.
Mahindra eyes South Africa expansion as China rivals gain ground
Mahindra & Mahindra is reportedly in advanced talks to upgrade its South African plant, potentially introducing completely knocked-down (CKD) production. This move aims to capitalize on rising demand for affordable vehicles and sidestep potential import tariffs, enhancing local manufacturing capabilities and competition in the South African market.
Iran war impact: Essential drugs may cost up to 5% more, for now
The immediate net consumer impact could be 3-5% higher prices, or roughly similar to what consumers paid before the late-September cuts in GST rates. The industry expects the price increase to be in place for 3-4 months, with a rollback option once input costs stabilise.
Automation vs humans: How industry 4.0 is reshaping jobs in India's auto sector
Recognising that not all workers can transition to automated roles and creating alternative pathways for decent work to prevent polarisation of labour. Robots are marching into factories. What matters now is how firms and workers adapt. And how policy supports that transition.
Crude surge lifts toy prices ahead of summer rush
Toy prices are rising ahead of the summer holidays as the West Asia conflict pushes up crude-linked raw material costs, especially plastics. Industry body The All India Toy Manufacturers Association said prices could increase 10%–40%, with plastic costs surging sharply in recent weeks.
New scheme in works to support domestic critical mineral processing plants: Mines Secretary
India is launching a new scheme to boost critical mineral processing. Public sector companies will bid for four copper mines in Chile. Domestic copper production is set to increase significantly. Plans are also underway to extract gold from mining residue. These initiatives aim to strengthen India's mineral sector and global presence.
AstraZeneca India plans to sell 64-acre Bengaluru site for Rs 3,400 crore
The land parcel, expected to fetch about ₹3,400 crore for AstraZeneca Pharma India, has drawn interest from developers including the Sattva Group, Aurobindo Pharma and RMZ. The company is looking to sell it as part of a broader land monetisation strategy.
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