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Andhra Pradesh bags Rs 13 Lakh Cr investment proposal during Global Investor Summit Andhra Pradesh Chief Minister YS Jagan Mohan Reddy on Friday said the state has received 340 investment proposals with investment of about Rs. 13 lakh crores, providing employment to almost 6 lakh people across 20 sectors distributed all along the state. “As of today, we will execute 92 MoUs with 11 lakh crores, remaining will be executed...

Ashish Modi becomes Honeywell’s India Country President Honeywell today announced the appointment of Ashish Modi as country president for India. Modi will continue to retain his existing role as VP & GM for Honeywell Building Technology (HBT) India and Asia. “With his strong business acumen, leadership skills and more than eleven years of experience at Honeywell, Ashish is perfectly suited to lead the India business and build on the company’s strength...

Crompton announced its complete transition to star-rated ceiling fans Crompton Greaves Consumer Electricals Ltd., a market leader in electric fans, announced its complete transition to star-rated ceiling fans. With this announcement, the company implemented a significant change by switching its entire ceiling fan range to energy-efficient star-rated fans, effective from January 1st in compliance with the new Bureau of Energy Efficiency (BEE) norms. The company detailed an end-to-end groundwork which ensured...

XPDEL launches its AI-enabled shipping solution in India XPDEL, one of the leading omni-channel fulfillment and logistics services companies, today launched its agile and scalable shipping solution, in India after success in the US market. Developed by Advatix, the in-house technology arm of XPDEL, the shipping solution ensures the highest operational efficiency and scalability as it helps businesses significantly optimize the entire shipping process, a statement issued by the company claims....

RR Kabel draws attention on importance of electrical fire safety & quality wires The leading cause of fire accidents in India is electrical short circuits, which frequently result from poor-quality wires and cables. According to ASCI data, in the past decade, electrocution accounted for about 73% of the total human deaths, which includes electrical fires for about 11%, and lightning for about 16%. Smoke inhalation kills more people during a...

ABB India opens new switchgear factory in Nashik ABB India today inaugurated its new state-of-the-art factory in Nashik, doubling its Gas Insulated Switchgear (GIS) production capacity. This factory will manufacture primary and secondary GIS. It will serve customers across various industries including power distribution, smart cities, data centers, transport (metro, railways), tunnels, ports, highways and other infrastructural developments. Sanjeev Sharma, Country Head and Managing Director, ABB India, said, “ABB is committed...

John Deere celebrating 25 years of its operations in India John Deere, a leading manufacturer of agriculture & turf equipment, products and solutions, is celebrating its 25 years of operations in India. The company is also serving the construction and forestry industry. “Our journey in India began 25 years ago with the introduction of advanced product Features such as power steering, oil immersed disk brakes, planetary reduction, force feed Lubrication, high...

Eaton showcases its high-performance, sustainable power management solutions at Elecrama 2023 Power management company Eaton participates in the 15th edition of Elecrama 2023—one of the largest platforms to connect the electrical world in technology, new trends, and innovation in India, at Greater Noida. During the 5-day expo, Eaton is showcasing its intelligent and sustainable power management solution products that includes Low Voltage solutions, Medium Voltage Solutions, EV Chargers, Power Quality...

ELECRAMA 2023 kicks-off today; over 1000 exhibitors showcasing global innovations Power Minister RK Singh inaugurates 15th edition of ELECRAMA 2023 Close to 1,000 Exhibitors with 3,50,000 Expected Footfalls 15,000 + focused b2b meetings Business Opportunities in Defence, Railways, Green Buildings, Smart Cities Buyers from 75+ Countries and 300+ domestic buyers CEOs from smart cities of North-East to share their procurement requirements in the region Report on New...

Siemens Limited announced results for the first quarter of Financial Year 2023 ended December 31, 2022. The company registered Profit after Tax from continuing operations at Rs. 438 crore, an increase of 80% over the same period last year driven by higher volumes, better price extraction and positive forex and commodity effects. Revenue from continuing operations was at Rs. 3,596 crore, a 17% increase over the same quarter in the...

OMRON launches i-DMP for rapid implementation of Data-Driven Solution Service OMRON Corporation has announced the development of i-DMP (i-BELT Data Management Platform), which is embedded with the i-BELT manufacturing site data utilization service. This data-driven service streamlines the integrated management of diverse data, which has never before been utilized to bring about improvement on manufacturing floors, thus assisting customers in tackling their issues both effectively and efficiently. In recent years, high-speed...

Schmersal expands its workplace in India Schmersal, a leading provider of machine safety solutions and services, has announced the inauguration of its expanded office on the 6th floor of Nucleus Mall in Pune. This new location represents a major milestone for the company, as it signals its continued growth and expansion in the Indian market. The extended place is designed to provide a comfortable and welcoming space for employees, customers, and...

Union Budget 2023 | Reaction from Bhupesh Arora, Business Head, Digital Energy, Schneider Electric India The Union Budget 2023 demonstrates the government's commitment to building and expanding the infrastructure sector to boost the economy.  We welcome the government’s move to announce an enhanced outlay on capital investment by 33.4% to Rs. 10 lakh crore, for the infrastructure sector. This will result in more employment creation, increased manufacturing capacities, and the energy sector's...

Union Budget 2023 | Reaction from Shivaji Waghmare, CEO, Fuji Electric India I think Budget 2023 is growth-oriented and it strikes a balance between economic growth and social welfare. It is great news that the budget has provided Rs 35,000 crores priority capital investment towards energy transition and net zero objectives, and energy security. We appreciate the move to extend customs duty exemption to the import of capital goods and...

Union Budget 2023 | Reaction from N Venu, MD and CEO, India and South Asia, Hitachi Energy   Infrastructure India needs commensurate infrastructure development to reach its goal of becoming a 5 trillion economy. Over many years, the governments have been investing in capex, pumping the much-needed energy to keep the economy sanguine. This is well reflected in the Economic Survey of 2022-23; Capital Expenditure (Capex) of the central government increased by 63.4...