Manufacturing

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...

Siemens reports 29.6% rise in Q2 revenue For 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...

Breakthrough, Climate-Friendly ACs: Winners of the Global Cooling Prize Announced A global coalition initiated by the Government of India, Mission Innovation, and RMI announced the winners of the Global Cooling Prize, an international innovation competition to develop super-efficient and climate-friendly residential cooling solutions. Gree Electric Appliances, Inc. of Zhuhai with partner Tsinghua University; and Daikin with partner Nikken Sekkei Ltd. emerged as the two winners among eight Finalists after shattering...

Maruti shuts Haryana factories to make oxygen for medical needs Maruti Suzuki will shut down its factories in Haryana from May 1-9 to make oxygen available for medical needs. The company said it is committed to support the government in diverting oxygen for saving lives. “As part of the car manufacturing process, Maruti Suzuki uses a small amount of oxygen in its factories while relatively much larger quantities are used by...

Freudenberg reports Rs. 5,706 Cr profit despite effects of pandemic The 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...

Ola announces World’s Largest Electric 2-Wheeler Charging Network Ola Electric today revealed its plans for providing charging solutions to all its electric two wheeler customers and unveiled the Ola Hypercharger Network, the charging network for its upcoming two wheeler products starting with the Ola Scooter to be launched in the coming months. Ola will offer the most comprehensive set of charging options to its electric vehicle customers through a combination of...

Subex launches HyperSense, an end-to-end augmented analytics platform Subex, a pioneer in Digital Trust, today launches HyperSense, an end-to-end Augmented Analytics platform that helps enterprises make faster, better decisions by leveraging Artificial Intelligence (AI) across the data value chain. Developed based on Subex’s extensive data analytics experience, HyperSense contains all the Augmented Analytics capabilities enterprises need in one flexible and modular platform. HyperSense‘s unique no-code capabilities allow users without a knowledge...

Siemens, Google Cloud to cooperate on AI-based solutions in manufacturing Google Cloud and Siemens, an innovation and technology leader in industrial automation and software, announced a new cooperation to optimize factory processes and improve productivity on the shop floor. Siemens intends to integrate Google Cloud’s leading data cloud and artificial intelligence/machine learning (AI/ML) technologies with its factory automation solutions to help manufacturers innovate for the future. Data drives today’s industrial processes,...

India to setup 16 Active Pharmaceutical Ingredients manufacturing plants The Indian government on April 13 approved Rs 350 crore to set up 16 manufacturing plants for Active Pharmaceutical Ingredients (API) in the country under the production-linked incentive scheme. According to the Chemicals and Fertilisers Ministry, the government will invest the funds in the setting of these plants which will make the country self-reliant with respect to these bulk drugs. The commercial...

Hero Motors Company has unveiled its new hi-end export-oriented manufacturing plant at the Hero E Cycle Valley near Ludhiana in Punjab. Hero Motors Company’s Chairman and Managing Director Pankaj Munjal said that the plant will augment the company's annual production capacity to 10 million units, with a production of 4 million premium bicycles and E Cycles, majorly for global consumption. Along with the new plant, Hero E Cycle Valley will...

Schneider Electric unveils Compact 3-Phase UPS Galaxy VL Schneider Electric announced the global launch of the Galaxy VL 200-500 kW (400V/480V) 3-phase uninterruptible power supply (UPS), the newest addition to the Galaxy family. According to the company, “Available worldwide, this highly efficient, compact UPS offers up to 99-percent efficiency in ECOnversion mode for a full return on investment within two years (model dependent) for medium and large data centers and commercial and industrial...

Make in India through Industry 4.0 is an important transition in manufacturing: Dr Saraswat Dr V K Saraswat, Member, NITI Aayog said that there is a need to push the Make in India and Atmanirbhar Bharat programs in the Indian manufacturing ecosystem. “A service-based economy is prone to market risks and manufacturing is going to facilitate a stronger and stable growth. Atmanirbharta calls for high reliance on imports that limits...

Flipkart partners with Adani Group to strengthen logistics and data centre capabilities Flipkart today announced a strategic and commercial partnership with the Adani Group. In this two-pronged partnership, Flipkart will work with Adani Logistics Limited, the largest diversified end-to-end logistics service provider in the country and a wholly owned subsidiary of Adani Ports & Special Economic Zone Limited, to strengthen Flipkart’s supply chain infrastructure and further enhance its ability to...

Atos, Dassault Systèmes, Groupe Renault, STMicroelectronics and Thales join forces to create Software République     Elie Girard, Bernard Charlès, Luca de Meo, Jean-Marc Chery and Patrice Caine, respectively the chief executives of Atos, Dassault Systèmes, Groupe Renault, STMicroelectronics and Thales announced their intention to join forces to create the Software République, a new ecosystem for innovation in intelligent mobility. By pooling their complementary expertise, the partners plan to develop and market...