Infrastructure

Financing for development tech new businesses hits seven-year high Interests in development tech new companies in India hit record-significant levels in 2021. The section got a complete subsidizing of $104.2 million (as of June 15, 2021), the most elevated over the most recent seven years, as per information from Tracxn. "In the event that one glances at the entrance of innovation and digitisation verifiably and around the world, development is one...

Wavin secures Dura-Line fabricating office in Hyderabad Wavin, a lines and fittings arrangement supplier for the structure and framework industry, gained the Dura-Line producing office in Hyderabad. With this takeover, the organization will convey its most current arrangements and advances inside India and all through Asia-Pacific. Dura-Line, additionally a piece of Orbia, is a TL-9000 and ISO-9001 appraised producer of high-thickness polyethylene (HDPE) conductors serving the media communications, undertaking, and electrical...

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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...

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...

Set up Oxygen Cylinder at home with DesignTech’s AR based App DesignTech Systems announced the launch of a free Augmented Reality (AR) based App for Covid-19 patients and families to set-up oxygen cylinder at home. This ‘Oxygen cylinder setup guide’ app will specifically help people install and administer oxygen at home for Covid patients. At critical times when the families are having to administer the oxygen to Covid-19 patients at home,...

Volvo CE takes big step towards a carbon neutral future   As part of the company’s commitment to the Science-Based Targets initiative – a necessary measure to meet the goals of the Paris Agreement – and the Group’s long-term ambition to be 100% fossil-free by 2040, this pioneering investment will offer Volvo Group unique conditions to test and develop hydrogen fuel cell technology solutions in heavy construction machines and other applications. The...

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...

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...

Reliance and BP start up second new deepwater gas field in KG D6 block Reliance Industries Limited (RIL) and BP today announced the start of production from the Satellite Cluster gas field in block KG D6 off the east coast of India. RIL and BP have been developing three deep-water gas developments in block KG D6 – R Cluster, Satellite Cluster and MJ – which together are expected to produce around...

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...

L&T completes 75 years of Construction & Mining Machinery business Larsen & Toubro, an Indian multinational engaged in EPC Projects, Hi-Tech Manufacturing and Services, has completed platinum jubilee of one of its oldest businesses, Construction & Mining Machinery Business (CMB). The business has supplied over 60,000 units of various equipment in India during its 75 years association with the Construction and Mining Industry. These machines have been used to create landmarks...

India adds 9.7 GW of power generation capacity this fiscal till Feb 28 India added 9.7 gigawatt of power generation capacity during this financial year till February 28, 2021 which includes 3.8 GW of conventional energy and 5.9 GW from renewable sources. In 2019-20, India had added 15.8 GW of power generation capacity including 7.1 GW of conventional sources and 8.8 GW of renewable sources. From April, 2015 till February, 2021, India...