Oems

Auto sector crisis: It's amber light for motown as demand unlikely to revive in FY21; revenue growth, margins to be subdued, says eport

Despite the nearly two-year crisis in the auto sector, the past two Union Budgets have given little respite to the sector that is very critical to generate employment.

Liquidity crunch key factor for slowdown, is it a bittersweet win for JSW to buy Bhushan Power; all this and more on Moneycontrol Pro

Others say that the credit slowdown is the result of lower demand in the economy and not its cause.

Auto sector slowdown: Components industry seeks uniform 18% GST on all parts

Auto components industry on Friday sought uniform 18 percent GST in order to help companies with their working capital borrowings which could be used to invest in long-term assets

Slowdown woes: Reviewing exposure to auto dealers, car loans; will ensure sector does not suffer, says SBI

SBI is one of the biggest credit providers to auto dealers and individuals (auto loans), the bank said in a statement.

Defence Ministry shortlists domestic partners for Indian Navy’s Rs 45,000 crore submarine project under 'Make in India'

In a major step under 'Make in India' initiative, the Defence Ministry initiated the process for shortlisting domestic partners in the Rs 45000 crore project to build six submarines for the Navy in collaboration with foreign vendors. This is the second project being undertaken under the latest Strategic Partnership Model, with the first being the procurement of 111 Naval Utility Helicopters. All six submarines under this project will be built in India by the selected Indian Strategic Partner in collaboration with the selected OEM.

South Korean lubes major GS Caltex to make India global R&D, manufacturing hub; to cater to domestic and overseas market

GS Caltex India, which is focusing on premium auto and industrial lubricants, will also look at acquisitions to fuel its growth

Viability, implementation risks constrain outlook for wind energy sector; capacity addition to rise to 16 GW by 2023: Crisil

State auctioning slowed as several states signed PSAs with PTC and SECI to procure wind energy under the schemes auctioned by them, to help fulfil their non-solar renewable purchase obligations targets.

India's Lohia Group acquires Israeli company Light and Strong; eyes global aerospace, defence markets

Lohia Group's Indian facility located in Kanpur will be part of the Uttar Pradesh government's defence corridor and also help establish India as an exporter for customised composite products, he noted.

Ashok Leyland, Israel-based ELBIT Systems sign pact to supply high mobility vehicles; Indian co eyes global reach

Ashok Leyland would provide high mobility vehicles for mounting the artillery guns and systems, supplied by ELBIT Systems to global OEMs.

Mahindra CIE Automotive board gives nod to merge subsidiary Bill Forge with itself

Bill Forge is a wholly owned subsidiary of Mahindra CIE Automotive, no shares of the company will be issued as consideration for the amalgamation