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Havells launches virus-safe switches Havells India, a technology-led Fast-Moving Electrical Goods (FMEG) and Consumer Durable company, today launched anti-viral and anti-bacterial switches with ViruzSafe technology under its Crabtree switches and electrical wiring devices portfolio. The anti-viral switch ranges comes at the starting consumer price of Rs 75 onwards. Considering the consumer centric health, safety and hygiene needs in mind, Crabtree has innovated the latest ViruzSafe technology. The new innovative switch ranges...

MRF records Rs. 1,700 Cr standalone profit before tax MRF’s standalone total income is Rs 16,128.58 crores for the year ended 31st March 2021, as compared to Rs. 16,321.64 crores in the previous year. The standalone profit before tax stood at Rs. 1,700.27 crores for the year ended 31st March 2021, as against Rs. 1,399.32 crores for the previous financial year. Tax expense for the year is Rs 451.21 crores...

Beckhoff Automation successfully concludes its webinar series Motion Platform 2021 - Drive technology in practice Beckhoff Automation successfully concluded the webinar series “Motion Platform 2021 -Drive technology in practice” starting 10 to 14 May. Around 248 customers registered for the 5 days event. Participants from factory automation, manufacturing industry, technology-focused industrial automation companies attended the 5-day event. Attendees were from Tamil Nadu, Gujarat, Maharashtra and North India. The webinar topics included Tools...

Adar Poonawalla takes charge as Magma Fincorp Chairman Mumbai-based non-banking finance company Magma Fincorp Limited on Monday announced the appointment of Adar Poonawalla as the Chairman of the company. Poonawalla is also the CEO of Serum Institute of India (SII), the manufacturer of Oxford University-AstraZeneca Covishield vaccine in India. The company has also appointed Abhay Bhutada as the Managing Director. Vijay Deshwal, currently a business head at ICICI Bank, will take...

Waaree Energies launches App to engage its EPC partners Solar module manufacturer Waaree Energies has launched a first-of-its-kind app in the solar sector, Waaree Prime, to engage and gratify the EPC companies associated with Waaree. This program (The Waaree Prime App) aims to appreciate and reward the community who work relentlessly to ensure solar power reaches the country's remotest corners. “Currently, Waaree has a growing strength of 5,000 EPC partners across...

Hitachi ABB Power Grids in India sets 2030 carbon-neutral program and targets Hitachi ABB Power Grids in India today announced a comprehensive program to achieve carbon-neutrality targets by 2030 in its own operations, reaffirming its commitment to a sustainable energy future. In parallel, the Company is continuing to mobilize resources to safeguard employees and aid India’s COVID-19 relief efforts. Contributing to the drive to ‘build back better’, the pioneering technology leader is...

Set up Oxygen Cylinder at home with DesignTech’s AR based App DesignTech Systems announced the launch of a free Augmented Reality (AR) based App for Covid-19 patients and families to set-up oxygen cylinder at home. This ‘Oxygen cylinder setup guide’ app will specifically help people install and administer oxygen at home for Covid patients. At critical times when the families are having to administer the oxygen to Covid-19 patients at home,...

Former Mahindra MD Pawan Goenka joins Bosch and Sun Pharma Pawan Goenka, former managing director of Mahindra & Mahindra, retired on April 1 from the company, has joined the board of technology and engineering company Bosch as an independent director and board of pharma major Sun Pharmaceutical as an additional independent director. “Based on the recommendations of the nomination and remuneration committee and subject to the approval of shareholders, the Board...

Havells net profit rises 71% to Rs 304 Cr in Q4 Havells India Limited, a leading Fast Moving Electrical Goods (FMEG) Company, reported 70.95 per cent rise in consolidated net profit at Rs 302 crore for the fourth quarter ended March 31, 2021. The company had posted a net profit of Rs 177 crore in the year-ago period, Havells said in a statement. Commenting on the financial performance Anil Rai Gupta, Chairman...

Volvo CE takes big step towards a carbon neutral future   As part of the company’s commitment to the Science-Based Targets initiative – a necessary measure to meet the goals of the Paris Agreement – and the Group’s long-term ambition to be 100% fossil-free by 2040, this pioneering investment will offer Volvo Group unique conditions to test and develop hydrogen fuel cell technology solutions in heavy construction machines and other applications. The...

Schneider Electric launches new-age EcoStruxure 43U C-Series Micro Data Center Schneider Electric announced an expansion of the EcoStruxure Micro Data Center C-Series with the new 43U, offering the greatest capacity in the company’s commercial and office line of micro data centers. Featuring intelligent cooling technology for enhanced protection and energy efficiency, the new 43U C-Series is the only solution on the market that automatically switches between three cooling modes depending...

LED Lighting Market: Industry Trends The effectiveness of the equipment and appliances used in businesses and homes has expanded enormously in recent years. But, there is still a lot that should decrease the amount and moderate energy consumption growth in commercial and residential buildings. In the present market state, LEDs have acquired a new height in the lighting market. Key variables behind this are the consistent declining LED costs in the...

Eaton’s AFDD+ protects your home against electrical fire As per the National Crime Records Bureau, about 60 people die every day in India due to fire accidents and a significant percentage of all fires are caused by electrical defects.  Recently, 10 fire accidents took place in hospitals, including three each in Mumbai and Gujarat, one each in Chhattisgarh, Andhra Pradesh, Uttar Pradesh and Madhya Pradesh. Reports suggest that nine out...

NHPC to acquire 2% equity of PTC India in Chenab Valley Power Projects State-run NHPC announced that it has got approval of the concerned authority to acquire the entire 2% equity stake of PTC India in Chenab Valley Power Projects Private Ltd (CVPPPL). After the acquisition of the additional 2% stake, CVPPPL will become a subsidiary company of NHPC with 51% share. “Ministry of Power vide its letter dated 12.05.2021 has...

Is India on a delusional path to progress? With the advent of the novel Coronavirus, the Indian economy is witnessing a major slowdown. While the nation is fighting the virus with all its might, businesses across sectors are reeling under the tremendous pressure of sustaining themselves. The ground reality of the Indian solar sector is no different. Even though the country has the potential to disrupt global frontiers in the...