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AI startup, Cognecto raised Rs 4 Cr in a seed round led by Inflection Point Ventures

Indian company, Cognecto raised investment in the seed round by Inflection Point Ventures. It aims to uniquely combine IoT, AI-driven operational analytics, and managed services to unlock a new level of efficiency in Heavy Equipment. The startup was also named one of the most innovative startups by IIT Delhi in 2023.Read more

China’s XCMG mining equipment products includes AI controlled unmanned mines

XCMG Machinery, a leading Chinese construction equipment manufacturer, has released three new mining machinery products, including the XE690DK mining excavator, XDR80TE-AT autonomous electric dump truck, and XDE240 mining dump truck, which will better support global mining operations and infrastructure construction projects.Read more

Goldstone Technologies, Quantron AG to forge a joint venture to build digital platforms

Goldstone Technologies Limited (GTL) and e-mobility major Quantron based in Germany are to set up a joint venture (JV) in Augsburg, Germany and Hyderabad to build digital platforms offering sustainability services.Read more

Elgi Introduces advanced compressed air solutions at Hannover Messe 2023

Elgi, the air compressor manufacturers showcases its updated product portfolio at Hannover Messe in Germany. The company reiterates commitment to providing customers with compressed air at low life cycle costs.Read more

INOX Air Products joins hands with TP Saurya Bandita for setting up captive solar plant

INOX Air Products and TP Saurya Bandita, a special purpose vehicle of Tata Power Renewable Energy are to stet up solar power project with a capacity of a 40MWp in Dhule which will supply power to all INOXAP ASUs in Maharashtra.Read more

RINL aims to manufacture 55,000 forged wheels, sets up a new factory in UP

Rashtriya Ispat Nigam also known as Vizag Steel, aims to produce 55,000 wheels this fiscal year. With the capacity to produce one lakh forged wheels annually, the company also sets up a factory in Lalganj, Uttar Pradesh to manufacture forged wheels. Read more

“Poor security is no security” is the philosophy of Safcon

Safcon Seals Pvt Ltd is an indicative and barrier seals manufacturer. Rajesh Kumar Banka, Managing Director, Safcon Seals is in security seal business for over 25 years. In this interview, Banka tells about his innovations with security seals during the past two decades, adding details about patented products and export operations of the company. Indian market offers great opportunities but is very competitive, he adds sharing about the growth plans of Safcon. Read more

India’s new Foreign Trade Policy 2023 aims to take exports to $ 2 trn by 2030

Four pillars of FTP 2023 are incentive to remission, export promotion through collaboration, ease of doing business and emerging areas. India's overall export - including services and merchandise exports - is expected to cross $ 760 billion this year (FY23).Read more

New tech to mould the future of tooling

The tooling industry is considered to be the backbone of the manufacturing as every company requires tooling to conduct the production process of parts manufactured for assembling the machine. With many Indian firms serving global customers who demand high precision and fast turnaround, Indian toolmakers will have to adopt the latest technologies to meet those requirements.Read more

Teledyne FLIR launched enhanced detection & tracking software model Prism AI

Thermal imaging camera and sensor designer and producer, Teledyne FLIR launched new model of Prism AI which enables engineers to embed thermal automotive perception systems with advanced driver assistance systems (ADAS) and autonomous vehicle (AV) systems. It is trained and validated on more than 2.3M multi-spectrum annotations, and improves inference performance for perception development.Read more

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