Monday, December 1, 2025
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Industry Segments Online News Updates

Hospitality & Facility Management

Union Budget 2024 | Reaction from Bantwal Baliga, Group CEO, Acquaviva

Union Budget 2024 | Reaction from Bantwal Baliga, Group CEO, Acquaviva The Union Budget 2024 introduces a pivotal scheme aimed at incentivizing the hiring of first-time employees, a move set to transform the manufacturing sector. This initiative, benefiting 3 million youths and their employers through direct incentives based on Employees' Provident Fund (EPF) contributions over four years, underscores the government's commitment to fostering job creation and nurturing a skilled workforce....
Electrical & Power

Union Budget 2024 | Reaction from Saurabh Kumar, VP-India, Global Energy Alliance for People and Planet (GEAPP)

Union Budget 2024 | Reaction from Saurabh Kumar, VP-India, Global Energy Alliance for People and Planet (GEAPP) "The policy-driven emphasis on the energy sector in the Union Budget 2024-25 exemplifies the Government's commitment to integrating the principles of energy security and energy transition as a cornerstone of Viksit Bharat. We anticipate that the development of energy transition pathways will bolster state-level initiatives to accelerate renewable energy adoption. Furthermore, the proposed...
Healthcare

Union Budget 2024 | AiMeD hails visionary budget for Medical Device Sector | Budget Reactions

UNION BUDGET 2024 | AiMeD HAILS VISIONARY BUDGET FOR MEDICAL DEVICE SECTOR | BUDGET REACTIONS The Association of Indian Medical Device Industry (AiMeD) on Tuesday hailed the Union Budget-2024 presented by Finance Minister Nirmala Sitharaman in the Parliament today as visionary and progressive, with the potential to significantly boost the country’s overall economic growth. In a statement, AiMeD Forum Coordinator, Rajiv Nath said, “The Union Budget-2024 is visionary and progressive. It will...
Construction

Bharat Construction Equipment Expo 2025 Set for January 19-22

Bharat Construction Equipment Expo 2025 Set for January 19-22 The Ministry of Commerce & Industry, Government of India, has announced the 1st edition of the Bharat Construction Equipment Expo 2025, scheduled from January 19 to 22 at the India Expo Mart in Greater Noida. This event is part of the larger Bharat Mobility Global Expo 2025, which will also feature the Auto Expo Motor Show 2025 and the Auto Expo...
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Electrical & Power

Delta Electronics India eyes semiconductor industry

Delta Electronics India eyes semiconductor industry Manish Walia, Head Automation South Asia (India, Bangladesh, Sri Lanka, Nepal), Delta Electronics, shares insights into the company’s plans and innovations. India's semiconductor industry is on a trajectory of significant growth, driven by strategic government initiatives and international partnerships. These concerted efforts are all set to make India a reliable and strategic player in the global semiconductor industry. Where does Delta Electronics India stand today in...
Electrical & Power

Freyr Energy Targets Solarization of 1,000+ Homes in Uttar Pradesh by March 2025

Freyr Energy Targets Solarization of 1,000+ Homes in Uttar Pradesh by March 2025 Freyr Energy, is set to significantly boost residential solar adoption in Uttar Pradesh. The company announced plans to solarize over 1,000 households by March 2025, building on its successful solarization of 10 villages in Lakhimpur and Bahraich districts, where it has achieved a total installed capacity exceeding 300 kW. Freyr Energy has already made notable contributions to Uttar...
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Industry Segments Online News Updates

Buy Hybrid Cars in UP; Pay Zero Registration Fees

Buy Hybrid Cars in UP; Pay Zero Registration Fees In a landmark decision aimed at fostering eco-friendly transportation, the Uttar Pradesh government has introduced a 100% waiver on registration fees for hybrid vehicles. This initiative is part of the state's broader efforts to promote sustainable mobility and reduce carbon emissions. The waiver will be applicable until October 2025, offering a significant incentive for those considering the purchase of hybrid vehicles. Impact...
Electrical & Power

Toshiba invests Rs 5oo Cr to boost Power Equipment Production in India

Toshiba invests Rs 5oo Cr to boost Power Equipment Production in India Toshiba Group on Thursday said it will invest 10 bn Japanese yen (over Rs 500 crore) to increase the capacity of producing power transmission and distribution equipment in India. Toshiba Transmission & Distribution Systems (India) Pvt Ltd (TTDI) will increase its capacity of manufacturing power transformers and distribution transformers by about 1.5 times compared to FY2023, over three years...
Electrical & Power

Tata Power sign MoU with NHPC-REL for Solarisation of Government Buildings

Tata Power sign MoU with NHPC-REL for Solarisation of Government Buildings Tata Power Renewable Energy Limited (TPREL) has signed a MoU with NHPC Renewable Energy Limited (NHPC-REL). This collaboration aims to install rooftop solar projects across government buildings of Central Ministries, States, and Union Territories, under the ambitious PM Surya Ghar Yojna Scheme. The initiative, targeting 100% solarization of government-owned buildings by December 2025, marks a substantial step in India's renewable...
Manufacturing

Malaysia Emerges as Strategic Hub for German Machine Tool Industry

Malaysia Emerges as Strategic Hub for German Machine Tool Industry Amidst the challenges of delivery difficulties, market lockdowns, and logistics bottlenecks faced during the pandemic, the German machine tool industry is strategically expanding its global footprint. A significant move in this direction was marked by the "Innovations in Production Technology – German Machine Tools Symposium," held on July 10, 2024, in Kuala Lumpur. Organized by the VDW (German Machine Tool...
Manufacturing

Bajaj Auto Reports Double-Digit Growth in Q1 FY25

Bajaj Auto Reports Double-Digit Growth in Q1 FY25 Bajaj Auto Limited has reported a strong performance in the first quarter of FY25, showcasing double-digit growth across all key financial metrics, including domestic and export revenue, EBITDA, and PAT. Quarter Highlights are as follows: Revenue from Operations: ₹11,928 crores, marking a 16% year-on-year (YoY) increase driven by robust vehicle sales and record spares revenue. This growth was supported by volume expansion in both...
Manufacturing

Cummins India Expands IT Global Competency Center in Pune

Cummins India Expands IT Global Competency Center in Pune Cummins India has inaugurated its first IT Global Competency Center (GCC) at its India Office Campus in Balewadi, Pune, Maharashtra. The center was officially opened by Earl Newsome, Vice President and Chief Information Officer of Cummins Inc., Annapurna Vishwanathan, Chief Information Officer of Cummins India, and other senior officials. The establishment of this center is a cornerstone of Cummins’ multi-year IT transformational...
Electrical & Power

Hartek Secures Major 765kV Projects from PGCIL

Hartek Secures Major 765kV Projects from PGCIL Hartek Group has secured 765kV projects from the Power Grid Corporation of India Ltd. (PGCIL), including high-voltage transmission projects in Indore and Kurnool. These projects aim to enhance power system reliability and increase transmission capacity to power-deficit regions, aligning with India's ongoing efforts to strengthen its power infrastructure. The 765kV projects are crucial for efficient power transmission, benefiting both the transmission and renewable energy sectors....
Construction

India Poised to Lead Global Circular Economy Transition: Highlights from ICEF2024

India Poised to Lead Global Circular Economy Transition: Highlights from ICEF2024 The New Delhi Leaders’ Declaration at the G20 highlighted India's increasing influence and aspirations to contribute positively to global governance and stability. India's role in the evolving geopolitical landscape is underscored by its efforts to balance national interests with global responsibilities. This declaration marked a significant milestone in showcasing India's leadership on the global stage, emphasizing the importance of...
Manufacturing

Beckhoff Automation India wraps up successful Automation Update 2024 Seminars

Beckhoff Automation India Wraps Up Successful Automation Update 2024 Seminars Beckhoff Automation India has successfully wrapped up its "Automation Update 2024" seminar series. Held in four major cities, these events brought together Beckhoff customers, potential clients, and industry professionals from machine building, automation system integration, IT & OT programming, and end-user businesses. The seminars provided a platform for control system and machine experts to connect with Beckhoff technology experts. Participants engaged...
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