Henkel has unveiled a new Application Engineering Center in Chennai, Tamil Nadu, as part of its strategic expansion in India’s electronics sector. The company also announced plans to establish a dedicated adhesive materials manufacturing facility for electronics at its multi-technology site in Kurkumbh, near Pune. The 17,000-square-foot Chennai facility houses five specialised laboratories equipped with… Continue reading Henkel Expands Electronics Footprint in India with New Engineering Center and Manufacturing Facility
Category: US Motoring Press
Logistics Startup Pickkup Secures $500,000 in Seed Funding
Pickkup, a logistics provider specializing in mid-mile and last-mile delivery solutions, has raised $500,000 in seed funding led by We Founder Circle (WFC). The round also included participation from angel investors from India, Australia, and the United States, the company announced on February 27, 2024. The Chandigarh-based startup plans to use the funds to expand… Continue reading Logistics Startup Pickkup Secures $500,000 in Seed Funding
Nissan looks to replace CEO after Honda deal falls through the cracks: Report
Nissan Motor co. is working on plans to replace its CEO as the Honda Nissan talks fell through the cracks. This also comes on the back of another report of poor set of earnings, persons in the know told Bloomberg. Nissan directors are assessing interest in suitable candidates to succeed the company veteran Makoto Uchida,… Continue reading Nissan looks to replace CEO after Honda deal falls through the cracks: Report
We Have Seen A Sharp Deceleration In Demand From Southern States – Volvo CE
India’s construction equipment market is undergoing a notable geographical realignment, with demand from the southern states experiencing a significant downturn. Once key drivers of the sector, states such as Kerala, Tamil Nadu, Karnataka, Andhra Pradesh, and Telangana, have seen their share of demand shrink considerably. In contrast, Maharashtra, Gujarat, Uttar Pradesh, and the northeastern region… Continue reading We Have Seen A Sharp Deceleration In Demand From Southern States – Volvo CE
Jupiter Tatravagonka Railwheel Factory Secures ₹255 Crore Order from Braithwait & Co.
Jupiter Tatravagonka Railwheel Factory Pvt. Ltd, the specialised wheelset manufacturing arm of Jupiter Wagons Limited (JWL), has secured a significant contract valued at ₹255 crore from Braithwait & Co. The order encompasses the supply of 9,140 wheelsets of 840 mm diameter designed for 25-ton axle load applications. This latest contract bolsters Jupiter’s standing as a… Continue reading Jupiter Tatravagonka Railwheel Factory Secures ₹255 Crore Order from Braithwait & Co.
Shell Projects 60% Rise in Global LNG Demand by 2040
Global demand for liquefied natural gas (LNG) will increase by 60% by 2040, according to Shell’s LNG Outlook 2025 released today. The growth forecast is primarily driven by economic development in Asia, industrial emissions reduction initiatives, and energy requirements for artificial intelligence technologies. Industry analysts now predict LNG demand will reach between 630-718 million tonnes… Continue reading Shell Projects 60% Rise in Global LNG Demand by 2040
BP Initiates Strategic Review of Castrol Business to Explore Growth Opportunities
BP p.l.c. has initiated a strategic review of its global lubricants business, including Castrol, as part of its broader efforts to enhance value creation. The announcement, made during a capital markets update, outlines BP’s intention to explore various options for the business while aligning with its long-term financial strategy. Castrol operates in over 150 countries,… Continue reading BP Initiates Strategic Review of Castrol Business to Explore Growth Opportunities
UK vehicle production drops 18% year on year
UK vehicle production fell again in January as the sector faced – and continues to face – an array of global headwinds. These challenges are the result of softening demand for cars in key export markets, which has led manufacturers to slow new model rollouts and instead focus efforts on retooling factories for new-age EVs, said the Society of… Continue reading UK vehicle production drops 18% year on year
McLaren W1 to focus on real-world fun over ‘Top Trumps numbers’
The new McLaren W1 hypercar will not chase “Top Trumps numbers” but instead prioritise driver engagement and tractability in the real world. Although its 4.0-litre turbocharged V8 engine and electric motor combine for a bombastic 1258bhp, it’s electronically limited to a top speed of 217mph. This figure matches the W1’s predecessor, the P1. It’s also 23mph… Continue reading McLaren W1 to focus on real-world fun over ‘Top Trumps numbers’
Tesla Stock Falls 8% as Concerns About Elon Musk’s Political Role Grow
Shares of Tesla had been on a tear since Donald J. Trump won the presidential election. Investors were betting that the carmaker would benefit from the more than $250 million that its chief executive, Elon Musk, spent to support the Trump campaign. But an 8 percent decline in Tesla’s stock on Tuesday all but wiped… Continue reading Tesla Stock Falls 8% as Concerns About Elon Musk’s Political Role Grow