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Rs 300 million debt from SBI to Aye Finance will benefit the MSME sector
Aye Finance, one of the upcoming money lenders of Micro, Small and Medium Enterprises (MSME) has raised Rs 300 million from SBI recently. The startup will be focussing to offer an affordable line of credit to the micro and small enterprises.Read more
Government to improve working and living conditions of unorganised workforce
Minister of State for Labour and Employment (Independent Charge), Santosh Kumar Gangwar, said recently that the government was working on a policy to improve the working and living conditions of the 400 million labour force in the unorganised sector.Read more
Rockwell Automation reduces complexity of machines using Micro PLC
Machine designers can use a new micro programmable logic controller (PLC) to help optimise the control architecture in large standalone machines or systems. The new Allen-Bradley Micro870 PLC can support smart micro applications that require up to 304 I/O points, 280 kB of memory and 20,000 program instructions.Read more
When grinding gets an unimagined dimension
Entirely new possibilities for grinding with metal-bonded CBN and diamond grinding wheels: this is made possible by STUDER's WireDress®. Not only does this cutting-edge EDM technology save massive downtime, it also makes it possible to dress sintered metal bonds with the highest precision in the grinding machine at the full working speed.Read more
50% faster turbine blade inspection
Checking critical dimensions of complex, high-volume parts can be difficult and time consuming, particularly when it’s necessary to conduct checks on 100% of parts manufactured. At Europea Microfusioni Aerospaziali – a turbine blade manufacturing company based in Morra De Sanctis near Avellino, Italy, these critical checks are now performed using Renishaw's PH20 5-axis probe head. Compared to using a 3-axis system, cycle times have been reduced by up to 50%.Read more
Mining with safety
A thorough professional at mining, S U Rakshit gives a tour of safety requirements in mining industry. S U Rakshit is a typical rugged miner, a foreman in his line of operation, his white and grey curled locks almost reflect the colors he has witnessed most of his life in the iron ore mines where he has worked. As he sat around in a circle over a fire during a cold freezing winter evening with his friends, they together recall some of their most anguishing moments they have had in theRead more
Tips to save energy in furnace operation in rolling mill
In this article, S P Shenoy shows how significant savings in fuel consumption can be achieved in a hot rolling mill by adopting a technique developed by an Indian company. The process involves improving thermal shock cracking resistance of refractory lining, emissivity enhancement, improved corrosion resistance and preventing carbon deposits on the burner blocks. Hot rolling involves plastic deformation of heated metals and alloys into flat products (slabs, plates) or long products (wire rods, Read more
Pareteum awarded $ 5 million contract from India-based telecom company
Pareteum Corporation, the rapidly growing global cloud communications platform company, announced recently that it has been awarded a 3-year contract with an India-based telecommunications company.Read more
Exito coming up with 10th edition of Manufacturing IT Summit
The 10th edition manufacturing IT summit is the perfect platform for C-suite executives of manufacturing companies across industries, to come together and discuss the IT trends in Indian manufacturing industry, network with peers, and build ROI-backed business relations.Read more
Energy ministers to discuss sustainable energy in the coming OPEC
The 7th OPEC International Seminar, one of the world's most prominent forums for leading experts in the energy field, will take place from 20-21 June 2018 at the Hofburg Palace in Vienna.Read more