Samsung AI Chip Boom Drives Record Profits
Samsung Electronics reports record quarterly profit tripling to $13.98 billion driven by AI chip demand, while warning of cost pressures on smartphone and display businesses.
Category : Industry
Titagarh & ABB Sign Metro Propulsion Technology Agreement
Titagarh Rail Systems and ABB India have signed a strategic agreement to deliver propulsion systems for 25kV metro projects, including technology transfer for TCMS under Make in India initiative.
Akasa Air Restarts Pilot Recruitment After 18-Month Halt
Budget carrier Akasa Air has resumed pilot hiring after an 18-month pause as it prepares to expand its fleet with new Boeing 737 MAX aircraft deliveries, addressing crew constraints under revised aviation regulations.
Amazon Closes Physical Go & Fresh Stores, Pivots Strategy
Amazon announces closure of Amazon Go and Amazon Fresh physical stores after business review. Company will focus on expanding Whole Foods Market and strengthening online grocery delivery services.
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Kanpur Power Station Fire Causes Rs 90 Lakh Loss, Outage
A massive fire erupted in a 10 MVA transformer at Kanpur's Old RPH power station, triggering panic and widespread power cuts. KESCO estimates Rs 90 lakh in damages; an investigation is underway.
YEIDA Issues LoI for Rs 587 Cr Medical Tech Plant in Noida
Yamuna Expressway Authority grants intent letter to Shukra Pharmaceuticals for advanced medical devices manufacturing facility in Sector 28, promising 2,900 jobs and cutting-edge cancer treatment technology.
India's Industrial Output Hits 26-Month High at 7.8%
India's industrial production surged to a 26-month high of 7.8% in December 2024, driven by strong manufacturing growth and recovery in mining and electricity sectors, with policy measures supporting consumption outlook.
China's Rare Earth Dominance Puts India's Supply Chains at Risk
Dr. Deependra Singh warns that China's control over rare earth processing threatens India's supply chains, highlighting structural challenges in the domestic sector.
Maharashtra's Fig Belt Hit by Cold Spell, Yields Plunge
Pune's Purandar tehsil, Maharashtra's premier fig-producing hub, faces a severe agricultural crisis as prolonged low temperatures damage fruit size, weight, and yield, threatening farmer incomes and market stability.
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Data Centre Boom Fuels IPO Rush Amid AI Infrastructure Demand
India's data centre industry is witnessing a surge in IPO plans as companies seek capital for AI-ready infrastructure expansion. With 25.47% annual growth and $20 billion investments planned, major players like Sify, Yotta, Nxtra, and CtrlS are eyeing pub
Rajasthan Aerospace & Defence Policy Targets Major Investments
Chief Minister Bhajan Lal Sharma announces Rajasthan's new Aerospace and Defence Policy, offering tax incentives and subsidies to attract domestic and global investments in manufacturing and services sectors.
Russia Eyes India's Regional Aviation with Local Production Deals
Russian aerospace manufacturers are pursuing India's regional connectivity market through strategic partnerships involving aircraft sales, phased local manufacturing, and technology transfer agreements signed at Wings India 2026 in Hyderabad.
PM Modi Calls Global Aviation Firms to Partner with India
Prime Minister Narendra Modi invites global aviation companies to partner with India in aircraft manufacturing, pilot training, and aircraft leasing, highlighting India's scale and stability.
RIICO Orders Infrastructure Reports for Rajasthan Industrial Zones
Rajasthan State Industrial Development and Investment Corporation has instructed zonal heads to submit detailed reports on infrastructure issues within 15 days, focusing on drainage, roads, lighting, waste management, and green cover.
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Industrial Output Reaches 26-Month High of 7.8% in December
India's industrial production surged to 7.8% in December 2025, marking a 26-month high. Capital goods and infrastructure sectors grew by 8.1% and 12.1%, respectively, indicating robust investment demand.
Women in Aviation: Hyderabad Roundtable Highlights Growth, Early Exposure Key
At Wings India 2026 in Hyderabad, experts highlighted women's rising role in aviation, with 15% female pilots. Panellists urged early exposure, mentorship to boost diversity in this male-dominated sector.
HAL Targets 25% Revenue from Civil Aviation in 10 Years
State-run Hindustan Aeronautics Ltd plans to increase its civil aviation business share from 4-5% to 25% of turnover within 10 years through regional jets and helicopters.
Singareni Collieries Gets 5-Year Cost-Cutting Roadmap from Centre
The Centre has formulated a comprehensive five-year strategy for Singareni Collieries Company Limited focusing on reducing production costs, acquiring new blocks, and implementing diversification initiatives.
PM Modi Calls Global Aviation Firms to Invest in India
Prime Minister Narendra Modi urged global aviation companies to partner with India in manufacturing, training, and green aviation during Wings India 2026, despite the event being overshadowed by a tragic aircraft crash involving a Maharashtra minister.
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Boeing: India, South Asia Need 3,300 New Planes by 2044
Boeing projects Indian and South Asian airlines will require nearly 3,300 new airplanes by 2044, with passenger traffic growing 7% annually. Domestic travel in India leads expansion.
EKA Mobility, Chartered Speed Win 1,750 E-Bus Contract in Bengaluru
EKA Mobility and Chartered Speed have secured their first contract to deploy 1,750 electric buses in Bengaluru, representing nearly 39% of the city's total planned e-bus fleet under the PM E-Drive initiative.
TVS Motor: EV Magnet Supply Improving, Battery Scooter Growth Ahead
TVS Motor Company reports improving magnet availability for EVs, expects battery two-wheeler penetration to rise. Company's electric scooter sales hit 1.06 lakh units in Q3, up 40% YoY, outpacing industry growth.
Odisha's Utkarsh Summit: Rs 16.7L Cr Investments, 12.9L Jobs
Additional Chief Secretary Hemant Sharma reveals Odisha secured Rs 16.7 lakh crore investment commitments with 12.9 lakh job potential in a year, with 261 projects approved under Utkarsh Summit.
HAL, Russia's UAC Sign Superjet 100 Production Deal
Hindustan Aeronautics Limited partners with Russia's United Aircraft Corporation to license-produce Superjet 100 aircraft in India, supporting Make in India initiative and reducing import dependency.
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India's $100B Steel Plan Aims for 300 MT Capacity by 2030
India's steel industry requires $100 billion investment to expand capacity to 300 million tonnes by 2030, with consumption growing at 11-13% annually despite global slowdown.
Goa's Fourth Iron Ore Mine Auction: Six Blocks on April 16
The Directorate of Mines and Geology in Goa has announced the fourth auction of iron ore mines, with six blocks set for bidding on April 16, aiming to generate Rs 230 crore in upfront payments.
Odisha CM Vows Rourkela Steel Plant & Airport Expansion
Chief Minister Mohan Charan Majhi commits to expanding Rourkela Steel Plant to 9.5 MTPA and upgrading the airport runway to handle larger aircraft, citing positive progress under the new government.
ASML's Record AI Orders Fail to Impress Investors
ASML reported record €13.2B Q4 bookings driven by AI demand but shares fell as analysts questioned capacity expansion and revenue guidance sustainability.
Baramati Sugar Mills Mourn Loss of Ajit Pawar
The Maharashtra sugar industry mourns the loss of Deputy Chief Minister Ajit Pawar, who was instrumental in transforming Baramati into an agricultural hub and ensuring timely payments to farmers.
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Patna's Danapur-Bihta Elevated Road to Finish by June 2027
NHAI announces the 25-km Danapur-Bihta elevated road in Patna will be completed by June 2027, delayed from the original September 2026 target. The project is 45% done and will connect key institutions.
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