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Aurassure raises Rs. 4 Cr in seed round from Unicorn India Ventures Bhubaneswar-based IoT enabled climate tech startup Aurassure has raised Rs 4 crore in a seed round led by Unicorn India Ventures. “The funds raised will be deployed to strengthen product capabilities by creating a data analytics team, acquiring product certifications for international scaling, and sales team expansion for growing reach to multiple cities,” the start-up said. Aurassure using its powerful...

Metso opens new manufacturing facility in Alwar, Rajasthan Metso has extended its manufacturing capacity of mobile track-mounted crushing and screening equipment in Alwar, India, by opening new manufacturing facilities. After the extension is complete, the total size of the Alwar factory is approximately 3,40,000 square meters (Approx 85 acres), adding 35% more capacity to the factory initially opened in 2008. The Alwar factory has become one of Metso's biggest manufacturing...

igus presents cutting-edge technology at EMO 2023 In addition to the shortage of skilled workers, the machine tool industry faces significant challenges, including high energy costs, mounting cost pressures, and declining incoming orders. To thrive in this demanding environment, companies must enhance their production capabilities while maintaining cost-efficiency. Consequently, igus will showcase cutting-edge technologies at EMO 2023, designed to alleviate these challenges. These technologies include user-friendly, cost-effective robots, an online...

EMO Hannover opens; 1,850 exhibitors from 42 countries participating EMO Hannover officially opens its doors today after a four-year break. "Some 1,850 exhibitors from 42 countries will be showcasing their latest machines, solutions and services for industrial production at the world's leading trade fair for production technology," says Carl Martin Welcker, General Commissioner of EMO Hannover at the opening press conference. "EMO is the hub of the international industry for...

OMRON Device & Module Solutions Business Charts Out Strategy for Growth in India OMRON Device & Module Solutions business, a leading provider of electronic components, has announced its strategic growth plan for India. Focused on four key growth domains, the company aims to strengthen its presence via working together with market & technology leaders to create advanced solutions catering to varied industry needs in these domains. The growth domains charted out...

PM lays foundation stone for Rs. 49,000 Cr petrochem project in MP Prime Minister Narendra Modi laid the foundation stone for Rs. 49,000 crore petrochemicals project at Bharat Petroleum Corporation Ltd's (BPCL) Bina Refinery in Madhya Pradesh. The Project involves increase in BPCL’s Bina Refinery capacity from 7.8 MMTPA to 11 MMTPA. “The entire project will be completed in 5 years and will save Forex outgo of Rs. 20,000 crores per...

eTrans Solutions acquires Ranet4u, aims Rs. 100 Cr turnover in 3 years eTrans Solutions Pvt Ltd, a Kolkata-based e-logistics, fleet management solutions company, recently completed the acquisition of Bengaluru based Telematics and IoT company Ranet4u - a subsidiary of Rane Holdings. As per the acquisition agreement, Rane Holdings. has been allotted 8,62,505 (Eight lakhs sixty two thousand five hundred and five) Equity Shares having face value of Rs.10/- each, in exchange...

Tisva launches its first store in Kolkata Tisva, the premium decorative and architectural lighting brand from Usha International, today launched its flagship store in Trinity Tower at 83, Topsia Road, in the upscale South Kolkata. Inaugurated by movie star Rituparna Sengupta, this lighting studio is a one-stop shop for all things lighting – from basic to high-end, from minimalistic to opulent, as well as luxury and architectural lighting solutions, and...

Serentica bags Rs. 2,600 Cr funding from PFC for its RE projects in Karnataka Serentica Renewables, a leading C&I focused renewable energy developer in India, announced that it has achieved financial closure for its upcoming hybrid renewable energy projects in Karnataka. The company has secured the entire debt funding of Rs. 2,600 crores from one of India’s largest power sector lenders, Power Finance Corporation Limited (PFC Ltd.). Commenting on the financial...

IMTMA announces exhibition on factory equipment - FACTEQ 2024 Indian Machine Tool Manufacturers’ Association (IMTMA) which organizes IMTEX is launching FACTEQ 2024, a first-of-its-kind expo in India focusing on complete solutions for factories. The expo will be held from May 23 - 26, 2024 at the Pune International Exhibition and Convention Centre, MOSHI, Pune. FACTEQ 2024 would bring the entire range of factory equipment required to design, build, maintain and upgrade...

Cummins, Sudhir Power launches CPCBIV+ compliant gensets Cummins India, one of the leading technology providers of power solutions in the country, and its authorized Genset Original Equipment Manufacturer (GOEM) Sudhir Power unveiled the CPCBIV+ compliant genset range for the Delhi NCR markets. Manoj Nair, Power Generation Business Leader, Cummins, and Rahul Seth, Managing Director, Sudhir Power unveiled the genset range during an event attended by over 100 customers and company officials...

ABB’s Nashik manufacturing site reduces water consumption by 30% since 2020 ABB India’s manufacturing site in Nashik achieves water positivity ratings and Mission to Zero status. Water positivity is the concept of returning more water to freshwater sources than is withdrawn and maintaining sustainable water stewardship by establishing a framework for water management. The Nashik site, which covers 49,000 sq.m., has been certified as water positive with a water positivity index...

Philips launches new Mobile C-arm to reduce support staff dependency Royal Philips, a global leader in health technology, today announced the launch of Philips Image Guided Therapy Mobile C-arm System 3000 – Zenition 30, the latest addition to the company’s highly versatile Zenition mobile C-arm series. Mobile C-arms are X-ray systems that are brought into the operating room (OR) to provide live image guidance during a wide range of clinical...

Fyn to procure 2,000 fast charging 3-wheeler EVs from Euler Motors Fyn, a vertically integrated electric vehicle ecosystem platform for EV logistics, has announced a strategic partnership with Euler Motors to procure 2,000 fast charging 3 wheeler EVs. Through this alliance, Euler Motors will enable Fyn to establish the country's largest 3-wheeler fast charging EV fleet, to serve the B2B sector with its flagship product - the Euler HiLoad EV. Fyn...

umati to demonstrate Future of Connectivity at EMO Hannover 2023 Interested in experiencing the Future of Connectivity live and in person? umati (universal machine technology interface) will allow visitors to do just that at EMO Hannover 2023 from September 18 to 23. The joint initiative of the VDW (German Machine Tool Builders' Association) and VDMA (German Engineering Federation) together with a network of numerous industry and research-based partners will once...