Manufacturing

Domestic steel consumption could decelerate to 7-8% in FY2025: ICRA Elevated input costs, import pressures, along with softer steel prices expected to sequentially pull down the steel industry’s operating profit margins by 110-115 basis points in FY2025 According to the rating agency ICRA’s latest research note, domestic steel consumption growth is expected to slow down to 7-8% in FY2025 (as against 12-13% in FY2024E), bucking the trend of the previous few...

HANNOVER MESSE will present intelligent robot systems at Application Park One of the highlights at this year's HANNOVER MESSE will be the Application Park. There, it will be possible to view intelligent robot systems, autonomous driving devices in operation, the latest AI applications in robotics, image recognition tools and virtual platforms. Götting KG from the town of Lehrte will be among the exhibitors. The company has been developing and producing sensors...

Samsung Semiconductor India opens new R&D facility in Bengaluru Samsung Semiconductor India Research (SSIR) announced the opening of its new R&D facility in Bengaluru. This is SSIR's second office in Bengaluru, with a capacity to accommodate close to sixteen hundred professionals. Located at Bagmane Capital Tech Park in Angkor-West, the facility spans 1,60,000 sq. ft. across four floors. The new campus features a modern, open-plan layout across four floors, encouraging collaboration...

ELECRAMA 2025 to take place on 22-26 Feb, 2025 in Greater Noida IEEMA, Indian Electrical & Electronics Manufacturers’ Association, the apex association of manufacturers of electrical and industrial electronics and allied equipment in India, formally announced the 16th edition of ELECRAMA, the world’s largest electrical show. The show is scheduled from 22nd to 26th February 2025 in Greater Noida and the theme is “Reimagining Energy for Sustainable Future”. The event aims...

Cognizant CEO highlights Generative AI’s Power to Shape the Future of Work At the ET Now Global Business Summit 2024, Ravi Kumar S, Chief Executive Officer of Cognizant, delivered a thought-provoking session highlighting the transformative power of Generative AI in shaping the future of work. Ravi emphasized, "Cognizant, a Fortune 500 company with a workforce primarily based in India, is at the forefront of leveraging technological advancements." With a significant...

Adani Defence & Aerospace inaugurates Ammunition & Missiles Complex in Kanpur; invests Rs. 3,000 Cr Adani Defence & Aerospace, the flagship defence company of the Adani Group, has inaugurated two mega facilities to manufacture ammunition and missiles in Kanpur, Uttar Pradesh. The facilities – South Asia’s largest – were inaugurated by Uttar Pradesh Chief Minister Yogi Adityanath. Spread over 500 acres, the facility in Kanpur is set to become one of...

OpenAI's Jason Kwon advocates for safe AI deployment | GBS In a thought-provoking session titled “Mind, Machine, Mankind: AI and Us” at the ET Now Global Business Summit, Jason Kwon, Chief Strategy Officer at OpenAI, shared insights that illuminate the transformative potential of artificial intelligence (AI) in shaping the future. OpenAI, with its year-old venture, has set a mission to leverage cutting-edge technology for the betterment of humanity. Kwon’s discourse delved...

GrindingHub 2024 to bring over 460 exhibitors from 31 countries GrindingHub is set to open its doors for the second time to grinding experts from all over the world from 14 to 17 May. Over 460 exhibitors from 31 countries will be presenting their latest grinding technology solutions in Stuttgart – now in four exhibitions halls for the first time. The event will be about more than just technical products...

India's active role on global stage attracts deeper partnerships in defence, aviation, & space: Airbus CEO | GBS In the dynamic landscape of global geopolitics and economic intricacies, India has evolved from a passive observer to an active participant, notably in global affairs and partnerships. Michael Schoellhorn, Chief Executive Officer of Airbus Defence and Space, talked about this partnership at the ET Now Global Business Summit 2024 in a session...

Norway: Pioneering the Green Industrial Transition With special emphasis on clean energy and industry 4.0, a selection of companies will demonstrate Norway’s ambitions for a low carbon society and its key role in developing solutions necessary to transform the industry and reach net-zero. Norway is honored to be a partner country at the Hannover Messe. Norway’s highly skilled work force, advanced industry and energy technology, as well as high degree of...

AI Takes Center Stage at HANNOVER MESSE, Propelling Industry Toward Competitiveness and Sustainability “Geopolitical tensions, climate change, stagnating growth, high prices for energy and a shortage of skilled workers mean that cost discipline and efficiency are currently the dominant themes in companies. At the same time, artificial intelligence is leading to profound changes in the worlds of work in industry. In addition, business leaders and trade associations are warning of...

igus set to Propel Sustainable Industry 4.0 Revolution at Hannover Messe 2024 with AI-Infused Plastics Innovations Cologne-based motion plastics specialist, igus, is poised to revolutionize the industrial landscape with a trifecta of intelligence: artificial intelligence, plastics intelligence, and Cologne intelligence. At the prestigious Hannover Messe, igus showcases cutting-edge solutions aimed at facilitating the transition to Industry 4.0 while advancing sustainable production practices. Artificial intelligence takes center stage with igusGO, an innovative...

HARTING Unveils Vision for "All Electric Society" at HANNOVER MESSE Preview In a bid to shape the future landscape of sustainable industry, HARTING, a global leader in connectivity solutions, offered a compelling vision of an "All Electric Society" at its recent in-house trade press conference and subsequent HANNOVER MESSE Preview. Drawing a diverse crowd of approximately 30 journalists from around the globe, the event, held at the HARTING Forum in Espelkamp,...

Nobel Laureate Michael Spence Delivers Insightful Discourse at ET Now Global Business Summit 2024 Nobel Prize-winning economist Michael Spence's recent participation in the ET Now Global Business Summit (GBS) 2024 presented by The Times Group, held in Delhi from February 9th to 10th, 2024, brought forth illuminating perspectives on the contemporary economic landscape. As the recipient of the Nobel Prize in Economics in 2001 and holding the esteemed position of Professor...

ABB India launches next generation compact drive for HVACR systems at ACREX ABB India launches its next generation compact drive, ACH180, for HVACR (heating, ventilation, air conditioning and refrigeration) equipment at ACREX 2024. As the newest addition to ABB’s HVACR drive portfolio, the ACH180 enables expert control of high-efficiency motors, while utilizing a compact design for space savings, lower capital expenditure and easier commissioning. With the current climate impact, there is...