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Cabinet approves revamped distribution sector scheme; announces Rs. 3.03 lakh Cr outlay

Cabinet approves revamped distribution sector scheme; announces Rs. 3.03 lakh Cr outlay Union Cabinet chaired by Prime Minister Narendra Modi has approved a Reforms-based and Results-linked, Revamped Distribution Sector Scheme. The Scheme will have an outlay of Rs. 3,03,758 crore with an estimated GBS from Central Government of Rs.97,631 crore. “The Scheme seeks to improve the operational efficiencies and financial sustainability of all DISCOMs/ Power Departments excluding Private Sector DISCOMs by...

HPL Electric and Power reports revenue of Rs 308 Cr in Q4 FY21

HPL Electric and Power reports revenue of Rs 308 Cr in Q4 FY21 HPL Electric and Power Ltd has reported strong performance in Q4 FY21 led by robust growth in the Metering and Consumer segment (B2C). The Metering business has witnessed an improved performance in Q4FY21 than the previous three quarters due to increased inspections and dispatches. The Metering business clocked the revenue of Rs 142 crores in Q4FY21, thereby...

HMD launches single-use Dispojekt safety needle to prevent injuries

HMD launches single-use Dispojekt safety needle to prevent injuries Hindustan Syringes & Medical Devices Ltd. (HMD) has recently launched single-use safety needles in technical collaboration with U.K based Star Syringes, with sharps injury prevention feature under the brand name Dispojekt Needle. These can be mounted on to a standard Dispo Van single use syringe or a KOJAK Auto Disable safety engineered syringe that disables automatically after injection to prevent any...

Schmersal India organises Covid-19 Vaccination Drive for Its Employees and Family Members

Schmersal India organises Covid-19 Vaccination Drive for Its Employees and Family Members Schmersal India, a wholly owned subsidiary of Schmersal Group, has been successfully keeping Covid-19 at bay since the inception of the pandemic. Schmersal India has proactively implemented several steps such as RT-PCR and antigen testing at the plant, distribution of Covid 19 protection kits and raising awareness about social distancing and importance of face masks. To further safeguard...

Shell acquires full ownership of MachineMax

Shell acquires full ownership of MachineMax Shell has become the sole owner of MachineMax, acquiring the stakes held by MachineMax’ s two other investors - BCG Digital Ventures and B Capital Group – as well as the company’s two founders. In addition, Shweta Saxena assumes the role of MachineMax CEO. MachineMax helps companies to maximise the profitability and efficiency of their off-highway fleets using smart sensors and next-generation analytics. MachineMax will...

Toyota Kirloskar Motor Signs MoU with ACMA for Training Auto Components Manufacturers

Toyota Kirloskar Motor Signs MoU with ACMA for Training Auto Components Manufacturers In line with its unwavering commitment to contribute to the human development efforts of the automotive industry, Toyota Kirloskar Motor (TKM), announced the signing of a Memorandum of Understanding (MoU) with the Automotive Component Manufacturers Association of India (ACMA). As per the MoU, TKM through its training arm Toyota Learning and Development India (TLDI) will share its best...

HPL Electric & Power to install 4G & 5G compatible NB-IoT technology smart meters in Delhi

HPL Electric & Power to install 4G & 5G compatible NB-IoT technology smart meters in Delhi HPL Electric & Power Ltd, India’s leading meter and electrical equipment manufacturing company, has received approval and production clearance from leading Private Distribution Company for the implementation of NB-IoT based Smart Meters in the part of National Capital, Delhi. HPL’s new range of smart meters with Narrow Band-Internet of Things (NB-IoT) communications technology smart meters...

QCI launches Indian Certification of Medical Devices (ICMED) Plus Scheme

QCI launches Indian Certification of Medical Devices (ICMED) Plus Scheme The Quality Council of India (QCI) and the Association of Indian Manufacturers of Medical Devices (AiMeD) have added further features to the ICMED, the Scheme that had been launched for Certification of Medical Devices in 2016. The ICMED 13485 PLUS, as the new scheme has been christened, will undertake verification of the quality, safety and efficacy of medical devices.  The...

Schneider Electric Unveils New Research and IT Innovation to Meet the Demands of a Digital-First Future

Schneider Electric Unveils New Research and IT Innovation to Meet the Demands of a Digital-First Future Schneider Electric released a research report to foster an understanding of how digitized and smart applications will be powered in the future. The report titled Digital Economy and Climate Impact predicts IT-sector related electricity demand is expected to increase by nearly 50% by 2030. Yet, as the electricity system decarbonizes, emissions would not increase...

HCL Provides 17 Ready-to-Use Oxygen Plants in Delhi

HCL Provides 17 Ready-to-Use Oxygen Plants in Delhi HCL announced that it has provided 17 ready-to-use oxygen plants to the Delhi government. These plants have been imported from France and are now deployed across seven hospitals in the city. The total combined capacity of the 17 plants is 7300 liters per minute (LPM). The plants were inaugurated today, in a virtual ceremony, in the presence of Delhi Chief Minister Arvind...

Kerala Tops Again In NITI Aayog Sustainable Development Index, Bihar Last

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...

MRF records Rs. 1,700 Cr standalone profit before tax

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 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

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...

Hitachi ABB Power Grids in India sets 2030 carbon-neutral program and targets

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...
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ET NOW Global Business Summit 2026 Positions India at the Centre of Global Economic Dialogue

ET NOW Global Business Summit 2026 Positions India at the Centre of Global Economic Dialogue The 10th edition of the ET NOW Global Business Summit...
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