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Industry News Articles Current Technical Analysis, Views & Updates

Tata Motors increases passenger vehicle prices

Tata Motors increases passenger vehicle prices Tata Motors has announced that it will hike prices of its passenger vehicle range, effective today. Rising input costs and material costs of steel, precious metals and semiconductors have compelled the company to pass on a part of the cost to customers. “Tata Motors has marginally increased prices from 0 to INR 26,000, depending on the variant. Continuing its commitment towards customers, the Company will...

Siemens launches one of the most efficient DC chargers currently available on the market

Siemens launches one of the most efficient DC chargers currently available on the market Siemens Smart Infrastructure released its new public fast charger Sicharge D. It is suited for highway and urban fast charging stations, city parking as well as shopping malls and provides one of highest peak efficiencies on the market at 96 percent, scalable charging power and dynamic power sharing. “With its upgradability and dynamic charging, it is a...

Japanese company Daicel to set up airbag inflator manufacturing unit in Chennai | Airbag manufacturing company in india

Japanese company Daicel to set up airbag inflator manufacturing unit in Chennai Osaka headquartered Japanese company Daicel Corporation plans to establish a production site at the OneHub Chennai Industrial Park in Tamil Nadu. The plant is scheduled to start operations in December 2023. Earlier in October 2018, Daicel established a sales base – Daicel Safety Systems India Pvt. Ltd.in Gurugram – to conduct marketing and local research. “Until now, we have been...

AutoFlipz starts operations in Delhi NCR

AutoFlipz starts operations in Delhi NCR AutoFlipz, automobile startup in the Aftermarket Repair Shops (ARS) launches its operations in Delhi NCR. Founded by two investment bankers, Autoflipz will provide the much needed standardization and transparency in the ARS with first of a kind tech-enabled platform. The services segment in the auto sector is the fastest growing segment expanding at a CAGR of 9%. According to recent market data, only 35% of...

IMTEX Connect 2021: Manufacturing and Machine Tool Show on the Digital Platform

IMTEX Connect 2021: Manufacturing and Machine Tool Show on the Digital Platform Business is bouncing back sharply following the coronavirus induced lockdowns and the prolonged economic slowdown. Buying sentiments have been strengthened with encouraging orders and sales in recent months. Industries are transforming and becoming agile with optimization of resources and strategizing their business plans to become resilient. Aided by Government policies, industries are actively scouting for opportunities in newer...

Maharashtra commits to strengthen power distribution network to attract industries: Dr. Nitin Raut

Maharashtra commits to strengthen power distribution network to attract industries: Dr. Nitin Raut The state energy department would spend Rs 2500 Cr per annum for infrastructure development for state owned distribution company Mahavitaran (MSEDCL). Of it Rs 1500 Cr would be spent on energization of agriculture pumps by conventional method and Rs 1000 Cr for strengthening infrastructure in industrial and urban areas. Addressing a review meeting of the Mahavitaran officials on...

Bridgestone India launches new tyre for commercial vehicles

Bridgestone India launches new tyre for commercial vehicles Bridgestone India announced the launch of its new generation Drive position tyre for the Commercial Vehicle segment, which is meant specifically for the general cargo, long haul, highway application. This tyre addresses issues of Tyre mileage, Fuel mileage and Cut-Chip resistance, thereby increasing tyre life and better retreadability. The tyre will be marketed under the name V-STEEL Mix M721. “Our global mission is...

PFC to launch ₹5,000 crore public NCD issue 15 Jan

PFC to launch ₹5,000 crore public NCD issue 15 Jan Power Finance Corporation Limited, is one of the leading financial institutions in India, focused on the power sector will open its Rs 5,000 crores public issue of secured, redeemable Non-Convertible Debentures on January 15, 2021. The base Issue size is Rs. 500 crores with an option to retain oversubscription of up to Rs. 4,500 crores aggregating up to 5,000 crores...

Samsung launches New Wi-Fi enabled range of Compact VRF Air Conditioning System

Samsung launches New Wi-Fi enabled range of Compact VRF Air Conditioning System Samsung has launched large capacity Variable Refrigerant Flow (VRF) air conditioning systems in India that can be installed in just 0.5 sq metres of space in premium apartments, villas, bungalows, houses as well as commercial and retail establishments. The new side discharge VRF system—DVM S Eco—promises an extremely efficient, eco-friendly and quiet air conditioning solution and offers a specialized...

OMRON releases 1S Series AC Servo System with PLe/SIL3 Safety Functions

OMRON releases 1S Series AC Servo System with PLe/SIL3 Safety Functions OMRON Asia Pacific, a global leader in industrial automation solutions, announces the launch of its new 1S Series AC Servo System with Safety Functionality. The new model joining the 1S Series, helps achieve safer manufacturing environments and higher productivity in the digital, food, pharmaceutical, cosmetics, and other industries. While harmonization between people and machines is being accelerated, and there is...

Imaginarium joins GE Additive Sales Partner Network to accelerate adoption of metal 3D printing technology in India

Imaginarium joins GE Additive Sales Partner Network to accelerate adoption of metal 3D printing technology in India GE Additive has selected Imaginarium to join its global sales partner network as an official sales partner in India. Imaginarium will resell GE Additive’s portfolio of metal additive manufacturing machines and metal powders which includes Direct Metal Laser Melting (DMLM) and Electron Beam Melting (EBM) technologies. The products are aimed at manufacturers across...

Adani Green Energy wins 600 MW solar-wind deal

Adani Green Energy wins 600 MW solar-wind deal Adani Renewable Energy Holding Eight Limited, a wholly-owned subsidiary of Adani Green Energy on 31st December 2020 received the Letter of Award from Solar Energy Corporation of India to set-up 600 MW Wind-Solar Hybrid Power Project. The fixed tariff for this project capacity is Rs. 2.41/ kWh for a period of 25 years. The project is expected to be commissioned in 18 months...

Govt signs MoU with NHPC to make J&K power surplus

Govt signs MoU with NHPC to make J&K power surplus In a significant development that might be a gamechanger in making Jammu and Kashmir a power surplus region, the government on Sunday signed Memorandum of Understanding (MoUs) with the National Hydroelectric Power Corporation for implementation and execution of five Hydroelectric Power Projects (HEPs) for generating over 4,000 MW electricity. The MoUs are signed for implementation of 850 MW Ratle HEP and...

ADB, India sign $100 Mn loan to upgrade power distribution system in Bengaluru

ADB, India sign $100 Mn loan to upgrade power distribution system in Bengaluru The Asian Development Bank (ADB) and the Government of India on 31st December 2020 signed a $100 million loan to modernise and upgrade the power distribution system to enhance the quality and reliability of electricity supply in Bengaluru city. Beside the $100 million sovereign loan, ADB will provide a $90 million without sovereign guarantee loan for the project...

India’s manufacturing sector activity strengthens in December: PMI

India’s manufacturing sector activity strengthens in December: PMI India’s manufacturing sector continued to strengthen in December with companies stepping up production and input buying amid efforts to rebuild their inventories following pandemic-driven business closures earlier in 2020, according to a private survey. Data released by analytics firm IHS Markit on Monday showed Purchasing Managers’ Index (PMI) for manufacturing sector picked up marginally in December to 56.4 from 56.3 a month ago....
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