Business

Japanese Electronics Giant Withdraws from Indian Refrigerator and Washing Machine Markets After Six Years of Losses In a significant development reshaping India’s home appliances landscape, Panasonic Holdings Corporation has announced its strategic withdrawal from the refrigerator and washing machine segments in the Indian market. This major business restructuring decision, confirmed by company spokespersons, has immediately…

New Delhi, 26 June 2025 — The Government of India has officially approved a ₹417 crore Electronics Manufacturing Cluster (EMC 2.0) in Gautam Buddha Nagar, Uttar Pradesh. Spread across 206.4 acres in Sector 10 near the upcoming Noida International Airport (Jewar), the project is set to boost India’s electronics manufacturing ecosystem. Key Highlights Total Project…

Secures major government contract to develop 11.78 MW rooftop solar systems for the Central Armed Forces and MHA Mumbai, 24 June 2025 — Solarium Green Energy Ltd, a fast-growing solar solutions provider in India, has secured a work order worth approximately ₹35.32 crore from Kirloskar Solar Technologies Pvt Ltd. This deal involves the design, supply, installation,…

Partners with GlobalFoundries to design and produce high-performance automotive chips for future vehicles Mumbai, 23 June 2025 — Global automotive technology leader Continental has launched a new business unit called Advanced Electronics and Semiconductor Solutions (AESS) to enhance its role in the global automotive semiconductor supply chain. Why Continental Started AESS With vehicles becoming more software-driven, the demand for automotive semiconductors is…

Simpler Tax Norms Likely to Boost Local Manufacturing from SEZs The Indian government is planning to relax rules for Special Economic Zones (SEZs) to make it easier for companies to sell products within India, known as the Domestic Tariff Area (DTA). Currently, SEZs pay full customs duty on finished goods sold in the domestic market….

Global auto tech leader Visteon begins in-house manufacturing in India with $10 million investment Visteon, a world leader in automotive electronics and connected car solutions, has launched in-house production of its high-resolution camera systems and Display Backlight Units (BLU) at its Chennai plant in India. This new setup includes analogue and digital cameras with resolutions…

Why the Strait Is Dominating Today’s Headlines Fresh flashpoint in the Iran-Israel conflict: A U.S.–Israeli strike on Iranian nuclear sites (22 June) has pushed Tehran’s leaders again to threaten a blockade of the Strait of Hormuz. Tanker collision adds jitters: Two oil tankers, Adalynn and Front Eagle, collided on 17 June only 28 km off…

Chennai | June 22, 2025 — Former Indian cricket captain Mahendra Singh Dhoni has significantly increased his investment in Garuda Aerospace, one of India’s fastest-growing drone technology companies. According to reliable sources, Dhoni’s total stake in the Chennai-based start-up now exceeds ₹4 crore. The legendary cricketer, who also captains the Chennai Super Kings in the…

Odisha, India – June 22, 2025 — In a significant update for India’s renewable energy sector, Waaree Energies, a leading solar panel manufacturer in India, has confirmed that its solar energy project in Odisha is progressing smoothly and there are no plans to relocate the facility. In an official statement to the stock exchange, Amit…