Manufacturing

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’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 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...

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,...

Former Mahindra MD Pawan Goenka joins Bosch and Sun Pharma Pawan Goenka, former managing director of Mahindra & Mahindra, retired on April 1 from the company, has joined the board of technology and engineering company Bosch as an independent director and board of pharma major Sun Pharmaceutical as an additional independent director. “Based on the recommendations of the nomination and remuneration committee and subject to the approval of shareholders, the Board...

Havells net profit rises 71% to Rs 304 Cr in Q4 Havells India Limited, a leading Fast Moving Electrical Goods (FMEG) Company, reported 70.95 per cent rise in consolidated net profit at Rs 302 crore for the fourth quarter ended March 31, 2021. The company had posted a net profit of Rs 177 crore in the year-ago period, Havells said in a statement. Commenting on the financial performance Anil Rai Gupta, Chairman...

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...

Schneider Electric launches new-age EcoStruxure 43U C-Series Micro Data Center Schneider Electric announced an expansion of the EcoStruxure Micro Data Center C-Series with the new 43U, offering the greatest capacity in the company’s commercial and office line of micro data centers. Featuring intelligent cooling technology for enhanced protection and energy efficiency, the new 43U C-Series is the only solution on the market that automatically switches between three cooling modes depending...

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...