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Industry News Articles Current Technical Analysis, Views & Updates

Maharashtra: Best time to buy a property is now

Maharashtra: Best time to buy a property is now Undoubtedly, the stamp duty cut announcement by the Maharashtra Government has proved to be a game changer in reviving the real estate sector in the state. The results of this slash were seen immediately with Mumbai recording registrations that increased significantly whereas Pune’s property market too witnessed healthy green shoots which brightened the scope for increased real estate sales in the...

Danfoss introduces Climate Solutions segment; announces merger of its heating & cooling verticals

Danfoss introduces Climate Solutions segment; announces merger of its heating & cooling verticals Danfoss has introduced Climate Solutions segment while announcing merger of its heating and cooling verticals. The new segment called Danfoss Climate Solutions will focus on developing integrated energy efficient solutions to engineer a better and sustainable future. “The merger is backed by the company’s strong growth in 2020, despite Covid-19 challenges, with a bullish approach and high investment...

Cabinet approves Rs. 9,129 Cr for strengthening of T&D systems in Arunachal Pradash, Sikkim

Cabinet approves Rs. 9,129 Cr for strengthening of T&D systems in Arunachal Pradash, Sikkim The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, in a major step towards economic development of the States of Arunachal Pradesh and Sikkim through strengthening of intra-state transmission and distribution systems has approved the revised cost estimate (RCE) of comprehensive scheme for strengthening of transmission & distribution (T&D) in Arunachal Pradesh and...

Siemens commissions Pugalur-Thrissur HVDC power transmission link

Siemens commissions Pugalur-Thrissur HVDC power transmission link Siemens has commissioned 2,000 megawatts (MW) electricity transmission system, consisting of two links between Pugalur in the state of Tamil Nadu and Thrissur in Kerala. This claims to be the country’s first high-voltage direct current (HVDC) link featuring voltage-sourced converter (VSC) technology. The link supports Power Grid Corporation of India Ltd. (PGCIL) to counter power deficit in India’s southern region and improve the...

BEML bags orders from Cameroon & Bangladesh

BEML bags orders from Cameroon & Bangladesh BEML Limited, a ‘Schedule A’ company under the Ministry of Defence (MoD) received export orders from Cameroon and Bangladesh under Government of India-Lines of credit. The order for Cameroon has been received from Ministry of Economy, Planning & Regional Development (MOEPRD), Government of Cameroon for supply of 71 units of construction equipment consisting of Bulldozers, Excavators, Wheel Loaders, Motor graders and Compactors for their...

Godrej Properties raises Rs 3,750 Cr at Rs. 1,450 per share through QIP

Godrej Properties raises Rs 3,750 Cr at Rs. 1,450 per share through QIP Mumbai-based real estate developer Godrej Properties today announced that it has raised Rs. 3,750 crore through the QIP route. The company saw a strong mix of investors with nearly 90% of the book being allocated to long only investors. GPL’s largest existing external shareholder, GIC, strongly backed the QIP with an investment of USD 110 million while the...

Kalyani Rafael rolls out medium-range surface-to-air missile kits for Indian Army, Air Force

Kalyani Rafael rolls out medium-range surface-to-air missile kits for Indian Army, Air Force Kalyani Rafael Advanced Systems Pvt Ltd. (KRAS), a joint venture between India’s Kalyani Group and Israel’s Rafael Advanced Defense Systems rolls out its first batch of medium-range surface-to-air missile (MRSAM) for the Indian Army and the Air Force. The roll-out event marked KRAS' commitment to deliver more than 1000 MRSAM ‘missile kits’ for the Indian Army and Air...

ReNew Power becomes World’s first clean energy firm to be recognised as Lighthouse by WEF

ReNew Power becomes World’s first clean energy firm to be recognised as Lighthouse by WEF ReNew Power, India’s leading renewable energy company, today announced that it has been named to the World Economic Forum’s (WEF) Global Lighthouse Network, which recognizes companies using new technologies to achieve environmentally sustainable, community supportive, profitable growth. In announcing ReNew’s appointment, the WEF specifically noted the Company’s recent investments in digital analytics and machine learning...

Powergrid acquires Ramgarh New Transmission Ltd under TBCB

Powergrid acquires Ramgarh New Transmission Ltd under TBCB On being declared as successful bidder under Tariff Based Competitive Bidding (TBCB), Power Grid Corporation of India Limited (POWERGRID) on 9th March 2021 has acquired Ramgarh New Transmission Limited (RNTL) which is the project company to establish transmission system strengthening scheme for evacuation of power from solar energy zones, in Rajasthan (8.1 GW) under phase II – Part A. The project comprises establishment...

Firstsource partners with IntelliH to deliver turnkey telehealth solutions

Firstsource partners with IntelliH to deliver turnkey telehealth solutions RP-Sanjiv Goenka Group company Firstsource Solutions, a provider of Business Process Management (BPM) services today announced that IntelliH, a multi-disease, patient engagement and remote monitoring company, as its technology partner to deliver turnkey remote patient monitoring solutions to health plans and provider organizations in the U.S. The combined offering will focus initially on areas of critical need, including proactively managing Congestive Heart...

Tata Power denies having talks with Tesla to set up EV charging infra

Tata Power denies having talks with Tesla to set up EV charging infra Tata Power denied any tie-up with Tesla, after media reports suggested the two companies were discussing a partnership to set up charging infrastructure for electric vehicles in India. Replying to clarification sought by the stock exchange BSE, Tata Power said, “We refer to your email bearing reference no. L/SURV/ONL/RV/RIS/ (2020-2021)/ 38 of even date, asking the Company to...

Govt committed to promoting renewable energy, especially in MSME Sector: Gadkari

Govt committed to promoting renewable energy, especially in MSME Sector: Gadkari The Indian Government is committed to promote renewable energy resources in the country, especially in the MSME sector,” said Nitin Gadkari, Minister for Micro, Small and Medium Enterprises while addressing a webinar on “Atmanirbhar Bharat” – “Opportunities in Solar & MSME” organised by Indian People’s Forum in the United Arab Emirates. He said that the MSMEs with good track record...

Philips, openDoctor team up for radiology scheduling

Philips, openDoctor team up for radiology scheduling Philips announced a partnership with US-based openDoctor to deliver an integrated radiology patient engagement platform that leverages openDoctor’s real-time online appointment scheduling services as part of Philips’ newly launched Patient Management Solution. With the combined offering, Philips Patient Management Solution and openDoctor enable a transformation in patient radiology scheduling, contactless registration and automated communications and education, all from the convenience of any connected mobile...

Mahagenco sets new record by achieving power generation of 10,445 MW

Mahagenco sets new record by achieving power generation of 10,445 MW On 9th March, Maharshtra State Power Generation Company Ltd (Mahagenco) achieved highest ever record power generation in its history of long 69 years by generating 10445 MW during the evening peak hours. Proper coal & fuel management is said to be key factor behind the record generation. After taking over as Energy Minister, Dr. Nitin Raut focused on  maximization of generation...

MBCC Group acquires Bluey Technologies

MBCC Group acquires Bluey Technologies MBCC Group, one of the leading suppliers of construction chemicals and solutions worldwide, signed a purchase agreement to acquire Bluey Technologies. The transaction was closed simultaneously with the signing. The acquisition will enhance MBCC Group’s portfolio of construction chemicals and services for the infrastructure market, whereas Bluey Technologies’ customers will benefit from the broad portfolio under the Master Builders Solutions brand.  Based in Sydney, Australia, Bluey...
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