Infrastructure

Bangalore International Airport partners with IBM for Digital & IT TransformationIBM and Bangalore International Airport Limited (BIAL) – operator of Kempegowda International Airport, Bengaluru (KIAB/BLR Airport)  - today announced a ten-year partnership under which IBM and Kyndryl will provide best of breed IT solutions to create a new “Airport in a Box” platform that will support transforming the end-to-end travel experience for passengers at BLR Airport. IBM works with...

ReNew Power selects Dassault Systèmes’ 3DEXPERIENCE Platform to manage RE projectsDassault Systèmes today announced that ReNew Power has chosen the 3DEXPERIENCE platform to manage its solar, wind and hybrid engineering, procurement and construction projects.  ReNew Power will be able to quickly act on insights and ensure best-in-class project delivery to support the use of cleaner and smarter energy in India.ReNew Power will use the Capital Facilities Information Excellence industry...

Bridgestone India joins Sindhu, Mary Kom and Mane in wishing Indian Olympic ContingentBridgestone India’s brand ambassadors and members of the Indian Olympic contingent Mary Kom, PV Sindhu and Udayan Mane wished their co-team members the very best in the forthcoming Olympic Games Tokyo 2020. All these sporting icons have worked hard towards the aim of achieving a podium finish at the forthcoming Olympic Games Tokyo 2020. Mary Kom and...

Mining and Metals Companies Accelerate Focus on SustainabilitySchneider Electric and AVEVA announced that their combined technology offerings are supporting the sustainability initiatives of mining companies in four key pillars: energy efficiency, yield improvement, low greenhouse emission technology adoption, and new green processes. Global decarbonization is heavily reliant on the sustainable production of minerals and commodities. A thriving and healthy mining and metals sector is crucial for the global economy and...

NHAI resumes infrastructure investment company project with roadshows The National Highways Authority of India (NHAI) has started re-engagement with investors for its infrastructure investment company (InvIT), which has been delayed by over a year. The second wave of the pandemic led to a decline of 15-20 per cent in toll revenue in May, which picked up after the lockdown restrictions were eased in June. “We got to apprise domestic and...

Financing for development tech new businesses hits seven-year high Interests in development tech new companies in India hit record-significant levels in 2021. The section got a complete subsidizing of $104.2 million (as of June 15, 2021), the most elevated over the most recent seven years, as per information from Tracxn. "In the event that one glances at the entrance of innovation and digitisation verifiably and around the world, development is one...

Wavin secures Dura-Line fabricating office in Hyderabad Wavin, a lines and fittings arrangement supplier for the structure and framework industry, gained the Dura-Line producing office in Hyderabad. With this takeover, the organization will convey its most current arrangements and advances inside India and all through Asia-Pacific. Dura-Line, additionally a piece of Orbia, is a TL-9000 and ISO-9001 appraised producer of high-thickness polyethylene (HDPE) conductors serving the media communications, undertaking, and electrical...

Kerala Tops Again In NITI Aayog Sustainable Development Index, Bihar Last Kerala has retained the top rank in NITI Aayog's Sustainable Development Goals (SDG) India Index 2020-21, while Bihar has been adjudged as the worst performer, according to a report released by the government think tank.The SDG index evaluates progress of states and union territories on social, economic and environmental parameters. As per the report, Mizoram, Haryana, and Uttarakhand are...

Adar Poonawalla takes charge as Magma Fincorp ChairmanMumbai-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...

Set up Oxygen Cylinder at home with DesignTech’s AR based AppDesignTech 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,...

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...

Siemens reports 29.6% rise in Q2 revenueFor the second quarter of Financial Year 2021 ended March 31, 2021, Siemens Limited registered New Orders from continuing operations of Rs. 3,309 crore, registering a 16.9% increase over the same period last year. Revenue from continuing operations was Rs. 3,298 crore, a 29.6% increase over the same quarter in the preceding year. The Company reported Profit before Tax from continuing operations of...

igus unveils 168 motion plastics innovations igus increases the pace of innovation despite the pandemic: high investments in digitalisation, logistics and remote consulting increased online sales by 30 per cent in 2020 and mitigated the decline in sales by 4.8 per cent. The motion plastics specialist is also breaking new ground in terms of sustainability and product innovation, and will be presenting more innovations than ever before with 168 tribo-polymer...

Freudenberg reports Rs. 5,706 Cr profit despite effects of pandemicThe global technology group Freudenberg, Weinheim, has managed the crisis well.  Although sales in 2020 was at Rs. 75,305 cr (8.8 billion Euro), it was significantly below the figure of Rs. 80,646 cr (9,467 million Euro) for the previous year, the company reported a profit from operations of Rs. 5,706 cr (669 million Euro) compared to Rs. 6,984 cr (820...

Reliance and BP start up second new deepwater gas field in KG D6 blockReliance Industries Limited (RIL) and BP today announced the start of production from the Satellite Cluster gas field in block KG D6 off the east coast of India. RIL and BP have been developing three deep-water gas developments in block KG D6 – R Cluster, Satellite Cluster and MJ – which together are expected to produce around...