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ETManufacturing Newsletter | Wednesday, July 15, 2026
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Daily Newsletter
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Top Stories
MeitY launches NIDAR 2.0 to develop drones powered by Indian-made chips
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According to a MeitY release, NIDAR 2.0 offers a prize pool of more than ₹65 lakh, along with startup incubation, cloud computing credits, software support and corporate internships for participating student teams.  read more...
India floats stratospheric airship project, invites private players
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These airships will operate above 20 kilometres, bridging drone and satellite capabilities. They will carry advanced sensors for intelligence gathering and long-range communications. Several private sector companies are competing for this high-technology development project.  read more...
The hidden manufacturing problem slowing battery scale-up
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Battery separator manufacturing depends as much on process optimisation as material chemistry, with extrusion design and scale-up playing a key role in ensuring quality and production efficiency.  read more...
AFC Furniture Solutions targets up to 40% growth on GCC, commercial real estate demand
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Workspace furniture maker evaluates new manufacturing plant as demand for ESG-led office solutions gathers pace.  read more...
Intel announces $5.7 billion AI-driven capital investment in Ireland
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The investment will enhance manufacturing capacity and advance research and development efforts. Several hundred new jobs will be added to the existing workforce in Ireland.  read more...
Tembo Global expands manufacturing capacity to 1 lakh MTPA with new Vasai plant
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The ₹75 crore facility increases the metal product manufacturer's annual production capacity from 18,000 MTPA and includes an in-house research and development centre.  read more...
Ericsson to raise telecom equipment prices as AI boom drives up component costs
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Ericsson Price Increase: Ericsson is increasing prices on telecom equipment due to soaring component costs driven by the AI boom. The company is adjusting new tenders and renegotiating contracts to manage financial pressures, particularly in markets like India amid ongoing 5G expansions.  read more...
Capex in mining and construction equipment-linked sectors to reach ₹9-10 lakh crore by 2030: CII-BCG
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The CII-BCG report sees infrastructure, mining and clean energy investments driving equipment demand, with localisation remaining a key challenge.  read more...
India's retail inflation may average 5.1% in FY27; Crisil sees possibility of 25 bps RBI rate hike
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The Reserve Bank of India will closely monitor inflation before any policy actions. A potential rate hike is possible if inflationary pressures continue to persist. Food prices face risks from weather and a weaker rupee.  read more...
Mining, construction equipment industry posts 3% rise in domestic sales; exports surge 31.5%
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The domestic mining and construction equipment sector saw sales exceed 140,000 units last fiscal year. Exports experienced a significant jump of over thirty percent, indicating global expansion.  read more...
India's June exports shine through West Asia dark clouds; trade deficit widens to five-month high
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Oil, gold, and electronics imports drove this substantial increase in the trade deficit. Exports to West Asia showed moderate growth after earlier disruptions from regional conflicts. Free trade pacts and market diversification are boosting India's overall export competitiveness.  read more...
Avio Smart Market Stack signs MoU with Tripura to set up freeze-drying facility
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The project aims to strengthen agro-processing infrastructure, create around 1,300 direct and indirect jobs, and reduce post-harvest losses.  read more...
Import of goods produced through use of forced labour prohibited: Govt
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India has amended its foreign trade policy to ban imported goods made using forced labour. This move aligns with a United States investigation into forced labour practices in sixty nations.  read more...
Rare earths emerge as strategic battleground shaping global trade, tech and defence
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Rare earth minerals, critical to EVs, electronics and defence systems, have become central to global geopolitics due to China's dominance in processing.  read more...
WPI inflation quickens to 9.87% in June from 9.68% in May
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Higher prices for food and mineral oils drove the wholesale price increase. Inflation in primary articles accelerated significantly after May's figures.  read more...
Vedanta AGM: Anil Agarwal maps aggressive expansion after demerger, targets scale-up across metals, oil and power
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Vedanta plans major expansion across its demerged businesses, targeting higher production in metals, oil, gas, steel and power.  read more...
China's exports ride AI boom as domestic economy struggles
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China's exports saw a significant surge in June, driven by global AI demand and auto sales. Imports also jumped considerably, reaching a five-year high according to customs data.  read more...
TVH India expands Pune GCC to scale digital capabilities
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The development comes as the company scales its technology, engineering and digital capabilities from India.  read more...
Vedanta charts $5 billion oil & gas push, targets sharp capacity expansion across businesses
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Vedanta plans to significantly increase zinc and lead production capacity by 2031. Aluminium production capacity will double over the next three years.  read more...
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Jindal Steel CEO Gautam Malhotra resigns ahead of board meeting next week
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Gautam Malhotra, CEO of Jindal Steel, has resigned from his position. His resignation is effective from July 15, 2026, due to personal commitments. Malhotra expressed appreciation for the support received from colleagues and the board.  read more...
Aditya Birla Group proposes ₹12,000 crore Odisha alumina refinery expansion
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Aditya Birla Group plans a significant ₹12,000 crore investment for its Odisha alumina refinery. This expansion will triple the refinery's production capacity to three million tonnes annually.  read more...
Chip toolmaker ASML expected to shine light on capacity and China challenges
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ASML faces scrutiny over export controls while reporting earnings this week. The company supplies essential equipment for advanced chip manufacturing globally.  read more...
Samsung Electronics denies report that it is exploring US listing
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The South Korean chipmaker previously considered and rejected a similar US listing. Rival SK Hynix recently completed a successful and large US ADR offering.  read more...
TSMC seen riding AI boom to fifth straight quarter of record profit
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"TSMC's strong second-quarter revenue shows AI demand remains healthy, driving demand for its advanced chip production and CoWoS packaging," said Dan Nystedt, research analyst at TriOrient, an Asia-based private investment firm.  read more...
Nvidia introduces 'whitelist' that halves Asia AI chip customers: Report
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The new review process comes as the US government increases scrutiny of AI chip exports to China through third countries.  read more...
SK Hynix US-listed shares slip nearly 8% as Nasdaq debut euphoria cools
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The decline triggered broader weakness across global semiconductor stocks, with sharp losses in Seoul and the US, reflecting growing concerns over valuations and sustainability of AI-driven demand.  read more...
Covestro, BYD join hands to develop advanced materials for EVs, energy storage
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Collaboration to focus on next-generation materials for electric vehicles, batteries, energy storage and low-carbon technologies.  read more...
PeakAmp, Curve Electric partner on EV battery collection and recycling
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Under the multi-year agreement, PeakAmp will manage battery collection, recycling, exchange and regulatory compliance for Curve Electric's e-bike operations.  read more...
Sigma Advanced Systems buys UK's Bromford Precision in ₹153 crore deal
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The acquisition would enhance its aerospace precision engineering capabilities, expand its UK operations, and deepen its engagement with Rolls-Royce and global OEMs.  read more...
Emcure buys remaining 12.05% in Gennova to take full control
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Emcure Pharma is acquiring the remaining stake in Gennova Biopharmaceuticals. This move simplifies ownership and sharpens strategic focus for the subsidiary.  read more...
FDA approves at-home starter dose of Eisai-Biogen Alzheimer's drug
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Previously, patients received intravenous infusions, typically at clinics, for initial treatment. This approval differentiates Leqembi from competitor Kisunla's infusion-only requirement.  read more...
OneSource Specialty Pharma partners with Formycon AG to manufacture biosimilars
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OneSource Specialty Pharma and Formycon AG have formed a manufacturing partnership. This collaboration focuses on producing high-quality and affordable biosimilar medicines.  read more...
NATCO Pharma raises Adcock Ingram stake to 49% after completing ₹1,060 crore acquisition
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The acquisition of an additional 13.25 per cent stake in the South African pharmaceutical company was completed through NATCO's wholly owned subsidiary in South Africa.  read more...
Dr Reddy's-Nestle JV sees AI as key to India's growing clinical nutrition market
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Mansi Khanna, Chief Operating Officer of the JV told ETManufacturing that she sees significant opportunities for AI in productivity enhancement, demand sensing and quality monitoring, but where decisions influence patient outcomes, human judgement remains indispensable.  read more...
Tata Power invests ₹300 crore in BESS to boost Mumbai's power infrastructure and meet rising demand
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The company plans to deploy 100 MW of battery storage capacity across various applications. This expansion will support data centers, the Metro rail network, and urban redevelopment projects. Tata Power's infrastructure program is its most extensive in Mumbai's history.  read more...
Welspun Corp secures ₹1,400 crore oil and gas export pipe orders
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The fresh orders lift the company's consolidated global order book to ₹23,650 crore, providing revenue visibility through FY28.  read more...
Naveen Jindal Group explores locations in 9 states to set up 18 GW nuclear projects
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This initiative aims to contribute to the government's ambitious capacity target. Investments of lakhs of crores are anticipated for this significant expansion.  read more...
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~ ETManufacturing Team
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