VE Commercial Vehicles to invest Rs 544 crore to boost manufacturing in India

IANS | October 9, 2025 10:51 AM

New Delhi, Oct 9 (IANS) VE Commercial Vehicles (VECV), a joint venture between Volvo Group and Eicher Motors, on Thursday announced an investment of Rs 544 crore (about 576 million Swedish Krona) to set up a new factory for the production and final assembly of Volvo Group’s advanced 12-speed Automated Manual Transmission (AMT) systems.

Indian satcom market expected to triple to $14.8 billion by 2033: Minister

IANS | October 9, 2025 9:51 AM

New Delhi, Oct 9 (IANS) The Indian satellite communications (satcom) market, valued at $4.3 billion in 2024, is expected to triple to $14.8 billion by 2033, underscoring both the economic and strategic potential of the sector, according to Union Communications Minister Jyotiraditya Scindia.