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Hitachi acquires ABB's power grids business for $11 bn
Power electronics giant Hitachi has agreed to acquire ABB’s power grids business in an $11 billion (£8.7 billion) deal. Initially, Hitachi will acquire an 80.1 per cent stake in the power grids business and expects to close the acquisition in the first half of 2020, making power grids a consolidated subsidiary. Read more
Hitachi to acquire ABB's power grids business
Hitachi plans to strengthen its energy solutions business through this deal and expects to close the acquisition by the first half of 2020.Read more
Lean Apps: Creating value for businesses
Lean Apps, an innovative initiative from Value Flow, Sweden, enables the user to ascertain the various components of their processes. The user can know what activities to eliminate and where to focus.Read more
“IP driven business model enhances quality and productivityâ€Â
The winner of IPF Personality of the Year Award in 2017, Dr Padmanabhan believes in Einstein’s creativity and audacity and Edison’s inventiveness and perseverance.Read more
INEOS to invest Euro 200 mn in oxide business
INEOS Oxide will investment Euro 200 million into its business, with Euro 150 million of this to be spent directly at its Zwijndrecht site, in Antwerp. This latest round of investment demonstrates INEOS Oxide’s commitment to its European businessRead more
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Indian companies need to harness data to maximise profitability
The Indian manufacturing sector needs to apply next-generation technological solutions in order to stay cost competitive and increase revenues, says Schneider’s Ponniah Sankarakumar.Read more
TCS joins hand with Intel to establish advanced computing center
Pune-based center will address complex computing requirements for enterprise transformation in industries such as life sciences, genomics, manufacturing, technology, retail, utilities, etcRead more
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The future of compressed air business
In India, the emission norms for air compressors segment are expected to be rolled out by 2020-21. Dr Jairam Varadaraj believes firms that are agile to incorporate technology improvements while addressing changes in customer behaviour will gain a competitive edge. Read more
Govt assures action on ease of doing business in defence Sector
Ajay Kumar, Secretary (DP) has assured the industry that the Ministry of Defence was keen to align procurement and production and the recently constituted Defence Planning Committee chaired by the NSA will also undertake this issue.Read more
Indian manufacturing industry roaring ahead
Announced in 2014, Make in India has placed the country’s manufacturing sector on the global map as far as being the chosen destination for global producers is concerned. The industry is all set for taking the next leap in manufacturing by adopting advanced technologies and Industry 4.0.Read more