ENGINEERING AND MANUFACTURING
Astrobase to invest Rs 800 crore in Andhra Pradesh to expand rocket testing facility
The company has signed a memorandum of understanding with the Andhra Pradesh Economic Development Board to add 339 acres to the facility. The expanded infrastructure will support launch vehicle stage development, static hot-fire testing, stage-level hop tests and reusability validation.
ET AI Awards 2027 are here: Discover if your AI innovation is ready for the spotlight of a national stage!
Celebrating the future of technology, the ET AI Awards 2027 acknowledges key innovations and leadership in AI from various industries in India. With an impressive array of over 40 categories, these awards emphasize the importance of AI developments by startups, SMEs, and large enterprises, offering a valuable stage for recognizing their contributions to the AI ecosystem.
NeST Group, Cochin Shipyard unveil indigenous hybrid laser arc welding technology
SFO Technologies and Cochin Shipyard Ltd have introduced an indigenous Hybrid Laser Arc Welding technology. This development combines various advanced manufacturing techniques and aims to enhance efficiency in multiple industries. The Advanced Laser Engineering Centre in Kochi will support research and commercialization of these technologies. By utilizing in-house developed high-power fibre lasers, India reduces its reliance on imports.
These mid-caps have ‘strong buy’ & ‘buy’ recos and an upside potential of over 25%, according to analyst
No doubt, the mood in the market has changed and the bulls seem to be back in a determined fashion. Don’t, however, expect the indices to keep climbing daily. There will be pauses. Also, though the things troubling the market have receded for now, they can still return. And these troubles are likely to be global rather than local.
Electronics Inc runs ops update to build AI infra
India’s electronics manufacturers are moving into AI data centre infrastructure, targeting optical transceivers, advanced packaging and specialised cooling systems. Dixon Technologies, Samsung, LG, Blue Star and PG Electroplast are exploring production opportunities as global demand rises. The shift could attract investment, improve margins and strengthen India’s position as an export hub.
Two former SpaceX engineers built a 25-pound machine that turns seawater into drinking water at the push of a button; here's how it works
It was co-founded by Jonathan Criss and Andrew Harner. Both are former SpaceX engineers. Criss is the company's CEO, and Harner is the COO. They gained engineering experience at SpaceX, and then applied aerospace-level precision and efficiency to the systems. It was reportedly designed for people who are outdoor enthusiasts, boat owners and living in remote locations.
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PHD Chamber seeks capital gains tax rationalisation, doing away with BCD on feedstock
The PHD Chamber of Commerce and Industry has urged the government to abolish long-term capital gains tax on equity investments, cut short-term capital gains tax to 10% and reduce securities transaction tax (STT) rates in its pre-Budget recommendations for FY28.
Tata Projects subsidiary CEO Shashank Shekhar Jha tenders resignation
Shashank Shekhar Jha resigned from his position as CEO of Artson Engineering to explore new career opportunities. He reflected on his four-year leadership as one of the most rewarding experiences of his career. Jha expressed gratitude to his team and assured a smooth transition during the notice period. Artson Engineering Ltd experienced a drop in share price following the announcement of his resignation.
DGTR begins anti-dumping probe against certain aluminium imports from China, others
The Directorate General of Trade Remedies (DGTR) has launched an anti-dumping investigation into aluminium extrusion imports from China, Malaysia, Vietnam and Thailand following a complaint by the Aluminium Extrusion Manufacturers Association of India.
Sebi approves 6 IPOs including Mahanadi Coalfields, Veritas Finance and Sagar Defence. Check details
Sebi has granted approval for initial public offerings from six companies across various sectors. Companies like Mahanadi Coalfields and Sagar Defence Engineering are set to enter the stock market soon. The IPOs include both offers for sale and fresh issue components to raise significant funds. These approvals come amid increasing investor interest in diverse industries such as defence and pharmaceuticals.
Karnataka clears Rs 6,826-crore industrial investment proposals, 131 outside Bengaluru
Karnataka's State Level Single Window Clearance Committee has approved multiple industrial projects worth Rs 6,825.93 crore. The majority of these projects will be set up outside Bengaluru, promoting regional growth. These projects are expected to generate around 18,600 jobs across various sectors, including IT and food processing. Notable investments include IT parks in Devanahalli and Doddanekundi, attracting significant capital.
Karnataka clears industrial projects worth Rs 6,825.93 cr; 18,600 jobs expected
Karnataka's recent committee meeting led to the approval of 147 industrial projects amounting to Rs 6,825.93 crore. These projects are anticipated to generate approximately 18,600 jobs across the state. Notably, 131 projects will invest in regions outside Bengaluru's urban areas to promote regional development. The investments span several sectors, including IT, semiconductors, and food processing. Major projects include IT parks and manufacturing units expected to create thousands of job opportunities.
AI to boost industrial robotics growth, but manufacturers may benefit less than customers: S&P Global
Artificial intelligence is anticipated to significantly enhance the long-term prospects of industrial robotics and automation. Manufacturers may experience reduced benefits compared to their customers, as equipment utilization increases. Global industrial robot installations have increased markedly, driven by labour shortages and productivity needs. AI improvements are projected to further expand automation capabilities before achieving full autonomy. However, the overall impact on manufacturers' profits remains uncertain due to competitive market dynamics.
Force Motors to launch electric Traveller platform and ambulance by 2027, investing ₹3000 cr in EV technology
Force Motors intends to launch an electric version of the Traveller platform in the first quarter of 2027. An electric ambulance is expected to be among the initial offerings of this new vehicle. Development and testing of these vehicles are currently being conducted with the Automotive Research Association of India. The company is making significant investments in manufacturing capacity and electrification initiatives for its vehicles.
Websol Energy Q2 Results: PAT jumps 73% YoY to Rs 80 crore; revenue more than doubles to Rs 361 crore
Websol Energy System reported a 73.2% rise in Q2FY27 net profit to Rs 80.21 crore, while revenue surged 114.6% to Rs 361.02 crore. The company plans a 4 GW solar cell manufacturing expansion at Falta and entry into EPC, solar IPP and energy trading businesses.
Arunoday Singh-headed O-Health secures strategic funding
O-Health has received strategic funding from several investors to advance its healthcare technology solutions. The company aims to enhance its voice-first AI-enabled clinical pre-assessment platform for better patient information management. The investment will support the expansion into additional healthcare sectors and development of indigenous AI models and clinical hardware. O-Health plans to broaden its focus to include preventive health technologies and intelligent hospital workflows.
DGFT invites applications for vehicle import quotas under India-UK FTA
The government of India has opened applications for importers seeking duty concessions under the India-UK trade pact. This initiative relates to a quota of 24,500 passenger cars and 2,750 transport vehicles. The applications are accepted from November 6, 2026 to November 21, 2026, according to the Directorate General of Foreign Trade. The Comprehensive Economic and Trade Agreement allows reduced tariffs on vehicle imports between the two nations.
ETtech Deals Digest: Eloelo leads as weekly funding rises to $142 million, down 35% on-year
Eloelo led deal activity with $80 million, followed by Peppermint Robotics at $10.6 million, altM at $10.3 million, Two Point O Capital at $10 million, and PowerUp Money at $10 million. Crane Venture Partners was among the most active investors, backing Peppermint Robotics and Armatrix. Omnivore invested in altM and Two Point O Capital, while Flourish Ventures backed PowerUp Money.
Paras Semiconductors, BroadPak join hands to build advanced semiconductor packaging capabilities
The collaboration will combine Paras Semiconductors' manufacturing ambitions in opto-electronics, photonics and co-packaged optics with BroadPak's technology expertise in advanced semiconductor packaging, heterogeneous integration and chiplet-based system architectures, it said.
Who are Sassie Duggleby and Andrew Duggleby? Houston couple behind America's first rotating detonation rocket engine raised $91 million; what is their Mach 4 jet dream?
Venus Aerospace was founded in 2020 by husband-and-wife team Sassie Duggleby and Andrew Duggleby. They established the company with an ambitious idea. It was to develop a new propulsion system that could make extremely fast passenger aircraft commercially viable. They spent several years working on the technical challenge on making the engine withstand the extreme heat generated by rotating detonation.
Premji Invest pumps $35 million into Hical Technologies to expand aerospace, defence manufacturing
Premji Invest has invested $35 million in Bengaluru-based Hical Technologies, marking the aerospace and defence components maker’s first institutional funding in nearly four decades. The company, valued at $300 million-$400 million according to industry sources, will use the capital to expand manufacturing capacity, engineering capabilities and R&D across South India.
Bayer signs MoU with Karnataka government for ₹200 crore manufactuing facility near Bengaluru
Bayer Science and Innovation signed a Memorandum of Understanding with the Karnataka government to establish a manufacturing facility. The investment is worth ₹200 crore and is expected to create around 220 jobs. The agreement was signed in the presence of Large and Medium Industries Minister M. B. Patil. Bayer intends to break ground before the Global Investor's Meet scheduled for April 2027.
Jai Balaji Group plans Rs 6000 crore investment in West Bengal for steel and renewable energy sectors
Jai Balaji Group has announced an investment proposal of around Rs 6,000 crore in West Bengal. This investment focuses on specialized steel for railways, defense and aerospace applications, along with renewable energy initiatives. The expansion is expected to create over 20,000 employment opportunities in the region. Additionally, the company aims to enhance its production capabilities in precision engineering and specialized copper products.
Mercedes plans bigger India play with greater localisation of parts
Mercedes-Benz plans to increase its local manufacturing efforts while expanding its supplier base in India. The luxury carmaker expects to achieve record annual sales if the current trend continues. Ola Kallenius, the global chairman, highlighted the potential for Indian suppliers to support global operations. The company has committed an additional investment of ₹200 crore, raising total investments to ₹3,200 crore.
Strong balance sheet, domestic focus, and a moat matter more: 5 large-cap stocks with upside potential of up to 24%
The big event the market was waiting for has come and gone. So, is there greater clarity about where the crisis in the Gulf is headed? Not really. While US President Trump acknowledged the war was one of the reasons his Republican party received a drubbing at the hands of the Democrats, he said he would do it again. Which suggests it is unlikely that the uncertainty and volatility in the markets will go away anytime soon.
Time to pick the right business, hold it longer: 5 stocks from the auto ancillary space with upside potential of up to 20%
In times of uncertainty in the market, investors should look for sectors where there is some underlying transformation taking place that is bigger, and will last longer, than the impact of any war or election results. One such is the auto ancillary sector.
TVS RTR 125 unveiled: New sporty 125cc motorcycle brings racing DNA, aggressive styling & everyday practicality; check details
TVS Motor Company has unveiled the RTR 125 at EICMA 2026, expanding its European motorcycle line-up. Developed for A1 licence holders, the 125cc sports motorcycle targets young and first-time performance bike buyers. The company also showcased its wider portfolio, including the RR 310, RTR 310, Ronin, RTX 300 and special '82 Series editions.
Tata Projects wins contract to build global automaker's plant in Maharashtra
Tata Projects has secured a contract to build a greenfield plant in Chhatrapati Sambhajinagar, Maharashtra. This project will involve the assembly shop, press, weld shop, and auxiliary buildings. The work encompasses civil, structural, architectural construction, and Mechanical, Electrical, and Plumbing systems. Rajiv Menon mentioned the collaboration with a global automotive manufacturer will enhance advanced manufacturing capabilities.
Corporate India's white-collar hiring rises 14% in October, led by manufacturing
Corporate India's white-collar hiring showed a 14% increase in October compared to the previous year. Notably, production and manufacturing roles experienced a significant growth of 39%. The demand for AI/ML skills also remained strong, leading to a 32% increase in hiring. Various sectors such as automobiles and BPO/ITeS witnessed substantial hiring increases as well. Overall, metropolitan areas like Hyderabad and Pune led in job growth during this period.
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