Author: NNI Editor
Adjusted for prices, Germany’s machinery exports were 7.1 % below the previous year’s level. File | Photo Credit: Reuters India’s import of machinery and equipment from Germany in 2024 increased 2.6% to 4,298 million Euros, according to VDMA, an organisation for the machinery and equipment manufacturing industry in Germany and Europe.India constitutes 2.2% of Germany’s total export of machinery and equipment.However, export of machinery from India to Germany fell 4.9% in 2024 compared with the previous year.“German machinery and equipment manufacturing companies exported goods worth 199.6 billion Euros in 2024, which was 5% (nominal) lesser than the exports during 2023,”…
Krishna Prasad Chigurupati, Chairman and Managing Director of Granules India Limited. Photo: Generic drugmaker Granules India is foraying into the peptide segment and contract development and manufacturing organisation (CDMO) business with a ₹192.5 crore (CHF 20 million) acquisition of Swiss firm Senn Chemicals AG.Founded in 1963 and headquartered in Dielsdorf, Switzerland, Senn is focused on custom peptide manufacturing and supports global clients across pharmaceuticals, cosmetics and theragnostic industries, from early development to commercial production. The closing of the acquisition is subject to certain conditions and expected in the first half of 2025, Granules said in a filing on Friday, February…
Mithileshwar Thakur, secretary general of the Apparel Export Promotion Council. Photo: X/@MithileshwarT Apparel exports to Spain registered a 19.7% growth for the April-January 2024-2025 period compared with the same period the previous year.According to Mithileshwar Thakur, secretary general of the Apparel Export Promotion Council (AEPC), export of readymade garments rose 11.6 % during April 2024-January 2025 over the corresponding period the previous fiscal, “despite global headwinds, geo-political challenges and supply chain disruptions.”Garment shipments to the U.S. rose 13.8% and to the U.K., the growth was 8.9%. Exports increased to Germany too. However, the highest growth was to Spain. “Substantial growth…
The story so far: Ratings agency S&P on Friday upgraded Kotak Mahindra Bank (KMB)’s ratings to ‘BBB’ from ‘BBB-’ after the Reserve Bank of India (RBI) lifted restrictions that barred the private lender from onboarding new customers and issuing fresh credit cards. Elaborating on the rationale, it held that the private lender was “well positioned” for growth in the next two years and “likely” to maintain “strong capitalisation”. “This, together with the banks’ good risk management and strengthened technology infrastructure, will support growth, particularly in new credit card issuances and digital onboarding,” it held. What exactly had happened? In April last…
Mr. Sandeep Chaudhry with Mr. Ricardo Maciel Tecumseh Products Company LLC, a global innovator in commercial refrigeration technologies, has unveiled the expanded AL Series Compressor platform that offers up to 25% greater energy efficiency, resulting in substantial energy savings.“The AL Series is a testament to our commitment to energy efficiency and sustainability. This compressor platform reaffirms our leadership in refrigeration technology, delivering industry-leading performance, low noise levels, and long-term reliability,” Ricardo Maciel, President & CEO of Tecumseh Products Company said.“As the demand for high-efficiency refrigeration continues to grow, we are introducing the AL Series to the Indian market, enabling businesses to optimize…
India’s import of machinery and equipment from Germany in 2024 increased 2.6% to 4,298 million Euros, according to VDMA, an organisation for the machinery and equipment manufacturing industry in Germany and Europe.India constitutes 2.2% of Germany’s total export of machinery and equipment.However, export of machinery from India to Germany fell 4.9% in 2024 compared with the previous year.German machinery and equipment manufacturing companies exported goods worth 199.6 billion Euros in 2024, which was 5% (nominal) lesser than the exports during 2023, VDMA said in a press statement. Adjusted for prices, machinery exports were 7.1 % below the previous year’s level.Germany’s…
Sunil Bharti Mittal, Founder and Chairman of Bharti Enterprises, receives the Honorary Knighthood medal (as Knight Commander of the Most Excellent Order of the British Empire – KBE) from the British High Commissioner to India, Lindy Cameron, at a special investiture ceremony in New Delhi. | Photo Credit: Special Arrangement Sunil Bharti Mittal, Founder and Chairman of Bharti Enterprises, has received the insignia of the Knight Commander of the Most Excellent Order of the British Empire (KBE).He was presented the medal on on Friday (February 21, 2025) for the award that was received last year, with presence of friends and…
Apparel exports to Spain registered a 19.7% growth for the April-January 2024-2025 period compared with the same period the previous year.According to Mithileshwar Thakur, secretary general of the Apparel Export Promotion Council (AEPC), export of readymade garments rose 11.6 % during April 2024-January 2025 over the corresponding period the previous fiscal, “despite global headwinds, geo-political challenges and supply chain disruptions.”Garment shipments to the U.S. rose 13.8% and to the U.K., the growth was 8.9%. Exports increased to Germany too. However, the highest growth was to Spain. “Substantial growth is visible even in old and new FTA partner countries such as…
Generic drugmaker Granules India is foraying into the peptide segment and contract development and manufacturing organisation (CDMO) business with a ₹192.5 crore (CHF 20 million) acquisition of Swiss firm Senn Chemicals AG.Founded in 1963 and headquartered in Dielsdorf, Switzerland, Senn is focused on custom peptide manufacturing and supports global clients across pharmaceuticals, cosmetics and theragnostic industries, from early development to commercial production. The closing of the acquisition is subject to certain conditions and expected in first half of 2025, Granules said in a filing on Friday.The acquisition brings Senn’s expertise in Liquid-Phase Peptide Synthesis (LPPS) and Solid-Phase Peptide Synthesis (SPPS),…
Even as the Economic Survey 2024-25 called out corporate India for wage growth flagging while profits soared in recent years, the head of India’s apex industry chamber has noted that businesses are regularly hiking salaries but recent wage trends may not be strictly comparable with the past due to an increasing ‘Servicification’ of manufacturing.“Wage revisions have been happening regularly based on relevant industry surveys and inflation data, and it is also imperative that these revisions happen, because otherwise industry will not be able to retain talent,” Confederation of Indian Industry (CII) president Sanjiv Puri told The Hindu. On the concerns about wage…