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ONGC to undertake 1.75 MMT strategic oil reserve expansion at Mangaluru
ONGC approved a 1.75 MMT strategic petroleum reserve expansion at Mangaluru. This project will add significant storage capacity to India's energy security network. India is strengthening its reserves after recent global supply chain disruptions. Additional SPR facilities are also being developed in Odisha and Karnataka. This increases India's total oil storage capacity to approximately seventy-four days.
NITI Aayog holds stakeholder consultation on critical mineral demand, supply chain security amid rising clean energy needs
NITI Aayog convened experts to assess India's future critical mineral needs. Discussions focused on demand, supply chain vulnerabilities, and domestic capabilities. India's clean energy and advanced manufacturing expansion will drive mineral demand. The nation faces import dependency, requiring supply source diversification and domestic value chains. These efforts aim to secure long-term economic and national security objectives.
Top fashion brands have a supply chain battle against extreme India heat
As Indian garment factories contend with soaring temperatures, worker efficiency and health have been jeopardised. Epic Group's facility in Odisha has introduced cutting-edge cooling technology to combat these challenges. Employees have reported substantial improvements in concentration and comfort in the climate-managed setting.
India emerging as a major beneficiary of ongoing realignment of global supply chains, says ASSOCHAM study
India is rapidly strengthening its position as one of the world's leading manufacturing destinations and is emerging as a major beneficiary of the ongoing realignment of global supply chains, according to a new ASSOCHAM study titled "Global Manufacturing Undergoing Strategic Realignment: India Emerges as a Key Beneficiary of Supply Chain Diversification." The study highlights that the post-pandemic world has fundamentally reshaped global manufacturing dynamics. While China remains the world's largest manufacturing economy, new manufacturing investments and production capacity are increasingly being distributed across multiple economies as global firms adopt China+1, nearshoring and friendshoring strategies to build resilient and diversified supply chains.
Swiggy shares jump 7% as foreign ownership falls below 50%. What this means quick commerce giant?
Swiggy shares rallied sharply on Tuesday after foreign ownership fell below 50%, taking the company closer to qualifying as an Indian-owned and controlled company. While no immediate operational changes follow, the milestone could eventually allow Instamart to own inventory directly, boosting margins and improving supply chain efficiency.
Adani's Kutch Copper secures LME registration for 'Adani Copper' Grade A cathodes
Kutch Copper Ltd has achieved London Metal Exchange registration for its copper cathodes. This approval allows 'Adani Copper' to be delivered against LME copper futures contracts. The certification validates Kutch Copper's manufacturing excellence and responsible sourcing practices. This milestone strengthens India's role in the global refined copper supply chain. Adani Copper cathodes will be eligible for issuance against LME contracts from July 10.
Explained: Why SK Hynix's record $29 billion NASDAQ listing matters for the AI boom
SK Hynix's planned NASDAQ ADR sale is more than a record-breaking capital raise. It reflects the growing importance of high-bandwidth memory (HBM) chips, which have become essential for training and running artificial intelligence models. The US listing is expected to broaden the company's investor base, support future expansion and strengthen its position in the global AI supply chain. The move could also pave the way for more Asian semiconductor companies to tap US capital markets as AI infrastructure spending continues to accelerate.
Maersk places order for 1,000 shipping containers with DCM Shriram Group
Global shipping giant AP Moller-Maersk has ordered 1,000 more India-made shipping containers from DCM Shriram Group. Union Minister Sarbananda Sonowal unveiled the first such container, marking a significant step towards self-reliance in maritime manufacturing. This partnership is set to boost India's global supply chain presence and manufacturing capabilities, supported by government initiatives promoting domestic production.
Allcargo Global debuts on NSE, BSE following demerger from Allcargo Logistics
Allcargo Global Limited has listed its shares on the NSE and BSE under the ticker symbol AGL, completing the Allcargo Group’s demerger and restructuring. The Group now has four focused entities to drive sustainable growth in logistics and supply chain.
Flipkart appoints Vinay Vaidya as senior vice president of technology for supply chain
Flipkart has appointed Vinay Vaidya as Senior Vice President of Technology for its supply chain, bringing over two decades of experience from Amazon and Tata Digital. Vaidya will spearhead technology and innovation across key areas, including logistics and AI. This strategic hire follows a series of other significant senior appointments aimed at bolstering Flipkart's technological capabilities for future expansion.
Hero MotoCorp to invest Rs 3,200 cr in 3-5 years in Andhra Pradesh on capacity expansion, new global parts centre
Hero MotoCorp is set to invest Rs 3,200 crore in Andhra Pradesh over the next three to five years, significantly expanding its operations. This includes a new global parts centre at Tirupati, costing Rs 750 crore, and a substantial increase in production capacity at its existing facility. The move aims to bolster the company's global supply chain and enhance its accessories business, transforming Tirupati into a key manufacturing hub.
India's June crude imports hit record high as Russian supplies surge despite West Asia tensions
India's crude oil imports hit a record 4.93 million barrels per day in June, bolstered by substantial purchases from Russia, which solidified its role as the top supplier. This surge underscores India's robust supply chain resilience amidst global geopolitical tensions. Analysts highlight proactive diversification and procurement strategies as key to maintaining these strong inflows, ensuring refiners are well-positioned for future needs.