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Nobel Laureate Robert Solow, pioneer in economics, passes at 99

An economist of great renown, Robert Solow received the Nobel Prize in Economics in 1987 for his groundbreaking work in growth accounting, particularly his development of a mathematical model for expanding production.Read more

Red Sea attacks spark shipping disruptions, pose inflation risk

Following the assault by Iran-backed Houthi militants on commercial vessels in the Red Sea, shipping companies are redirecting their cargoes, opting to sail around Africa instead of using the Suez Canal's shorter route.Read more

WEF recognises Schneider Electric’s Hyderabad factory as a sustainability lighthouse

Hyderabad factory is third Sustainability Lighthouse for Schneider Electric. Sustainability Lighthouses are leading examples of how 4th Industrial Revolution technologies deliver greater sustainability and efficiency.Read more

ACG's Pithampur facility joins Global Lighthouse Network by WEF

The GLN, initiated by WEF in collaboration with McKinsey & Company, is a community of manufacturers demonstrating leadership in leveraging Fourth Industrial Revolution technologies to revolutionise factories.Read more

India-Oman free trade agreement set to boost exports, fuelling economic growth

The report, titled "India-OMAN CEPA: Gateway to Middle Eastern Markets and Beyond," by the Global Trade Reproach Initiative (GTRI), outlines the potential impact of the agreement.Read more

India should slow down SUVs buying: Global NCAP, Exe. President

Mr David Ward, Executive president, Global New Car Assessment Programme (Global NCAP) shared insights at the three day ‘Global Road Safety Initiative’ organised by organised by the Institute of Road Traffic Education (IRTE).Read more

Indian Railways expands Kavach deployment rights, eyes LTE upgrade

This homegrown open-source technology mandates interested companies to develop their systems in accordance with specifications outlined by Indian Railways, as per the minister Ashwani Vaishnaw.Read more

Danfoss joins First Movers Coalition, commits to drive global development of sustainable aluminium

The coalition is led by World Economic Forum and the United States (US) Department of State, comprising of 82 members, all global players in their markets. Danfoss commits to at least 10% (by volume) of all primary aluminium procured annually to be low carbon by 2030.Read more

India strengthens economic ties with Taiwan, says officials

This move, aimed at meeting Taiwan's demand for labour in various sectors such as factories, farms, and hospitals, could involve the employment of up to 100,000 Indians.Read more

Continental Leads DIAZI Project and Turns Production Plants into Digital Factories

Continental leads consortium of eight partners from industry and research for fully digitalised production environment enables planning and simulation of new production lines.Read more

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