News

German Machine Tool Sector Faces Declining Orders and Rising Short-Time Employment

Frankfurt am Main, Germany – German machine tool industry’s orders received in the third quarter of 2024 were 16 percent down on the same period last year. Orders from Germany fell by 17 percent, whereas those from abroad dropped by 15 percent.

FSID at IISc Launches Pravriddhi to Propel India as a Global Manufacturing Leader

Bengaluru, India – The Foundation for Science, Innovation and Development (FSID) at IISc has launched Pravriddhi, a pan-India Product Accelerator Program that unites premier Indian institutions and enterprises to develop innovative solutions through strategic partnerships and cutting-edge R&D.

TakeMe2Space Sets Stage for India's First AI-Powered Orbital Lab

Hyderabad, India – TakeMe2Space, a space technology firm based in Hyderabad, announced the forthcoming launch of MOI-TD (My Orbital Infrastructure - Technology Demonstrator), India’s first AI lab in space.

NORTEC’s Expanded Advisory Board Sets Vision for 2026 Event

Stuttgart, Germany – NORTEC’s expanded trade fair advisory board met recently and is looking forward with anticipation to the industry event.

ACMA Mobility Foundation, Fraunhofer Institutes Join Forces to Propel R&D in India’s Auto Sector

New Delhi, India – ACMA Mobility Foundation (AMF), an initiative of the Automotive Component Manufacturers Association of India (ACMA), signed a Memorandum of Understanding (MoU) with Fraunhofer-Gesellschaft, Germany, to foster cutting-edge research and development (R&D) collaboration for India’s auto component industry.

UNITED GRINDING Group Signs Agreement to Acquire GF Machining Solutions Division

Miamisburg, US – UNITED GRINDING Group intends to acquire the GF Machining Solutions Division (GFMS) of Georg Fischer AG (GF), Schaffhausen (Switzerland).

Kennametal India Appoints Former 3M India Head Amit Laroya as Board Chairman

Kennametal India Ltd announced the appointment of an experienced business leader and former Managing Director of 3M India Ltd, Amit Laroya, as the Company’s Non-Executive Chairman.

KeenSemi, VLSI Expert Partner to Bridge Semiconductor Skills Gap

Delhi, India – KeenSemi, a leading semiconductor design consultancy, faces one of the industry’s most pressing challenges: the shortage of skilled technical talent.

CynLr Secures US$ 10M in Series A Funding to Scale Robotics & Global Expansion

Bengaluru, India – CynLr (Cybernetics Laboratory), an Indian DeepTech Robotics Startup, has raised US$ 10 million in a fresh round of Series A funding led by Pavestone and Athera Venture Partners (formerly Inventus India), bringing its total funding to US$ 15.2 million.

Suzuki-Tata Elxsi Partnership Powers Next-Gen Automotive Solutions

Pune, India – Suzuki Motor Corporation, a Japanese multinational mobility manufacturer, and Tata Elxsi, a global leader in design and technology services, inaugurated the ‘SUZUKI-TATA ELXSI Offshore Development Center’ in Pune, India.

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