Housing Sales Forecasted to Drop 2% in Top 9 Cities

24 Jun 2024 CW Team

In a significant development for Maharashtra's automotive sector, Mercedes-Benz has revealed plans to invest ?30 billion in the state. This investment aims to bolster local manufacturing capabilities and enhance production capacities at its facilities. The announcement was made by the state's Industries Minister, highlighting the strategic importance of Maharashtra as a hub for automotive manufacturing and innovation. The investment by Mercedes-Benz is expected to create employment opportunities and stimulate economic growth in the region. It underscores the company's commitment to expanding its footprint in India and leveraging local resources and talent. This move also aligns with broader efforts to strengthen the automotive manufacturing ecosystem in Maharashtra, fostering a conducive environment for industrial development. The investment comes at a crucial time as the automotive industry navigates through evolving market dynamics and technological advancements. It signals confidence in India's market potential and underscores Mercedes-Benz's long-term vision for sustainable growth and innovation in the country.

Equipment

12 Dec 2025

Schwing Stetter India Unveils New Innovations at Excon 2025

Schwing Stetter India unveiled more than 20 new machines at Excon 2025, marking one of its most significant showcases and introducing several India-first technologies to the construction equipment sector. The company launched the country’s first 56-metre boom pump designed and manufactured in India, the first fully electric truck mixer, the first CNG mixer variant and the first hybrid boom pump. Executives said the launch portfolio was engineered to support India’s move toward faster, greener and more vertically oriented infrastructure through advanced engineering, clean-energy solutions a..

SEPC Resolves Hindustan Copper Dispute, Wins Rs 725 Mn Order

Engineering, procurement and construction firm SEPC Ltd has recently settled a dispute with Hindustan Copper Ltd (HCL) and secured a mining infrastructure order valued at Rs 725 million from the state-owned company. SEPC informed the stock exchanges that it has executed a settlement deed with HCL, bringing closure to all inter-se claims and counterclaims arising from arbitration proceedings. As part of the settlement, SEPC will receive Rs 304.5 million as full and final payment, marking the resolution of all pending disputes between the two entities. The company also stated that Hindustan Co..

20% Ethanol Blending Cuts India’s CO2 Emissions by 73.6 Mn Tonnes

Union Road Transport and Highways Minister Nitin Gadkari recently said that India has reduced carbon dioxide emissions by 73.6 million metric tonnes due to the adoption of 20 per cent ethanol blending in petrol. He made the statement while replying to supplementary questions during the Question Hour in the Lok Sabha. Describing ethanol as a green fuel, the minister said it plays a key role in reducing pollution while also supporting higher incomes for farmers. He underlined that ethanol blending contributes both to environmental sustainability and rural economic growth. Nitin Gadkari also po..