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TNBA urges to stop auctions and strengthen boiler MSMEs

The association demanded the case of MSME NPA units in Tiruchi must be given a special consideration as they provided employment, paid taxes promptly and followed other statutory obligations.Read more

Best Power Equipments (BPE) expands production capacity acquiring facility in Noida

The company has recently commenced the production of UPS from 600 VA to 1.2 MVA, Smart rack solution & Solar inverters due to robust sales from varied industries such as Healthcare, Data Centers, Banking etc.Read more

Govt extends PLI Scheme to 10 new sectors with incentives of Rs 1460 bn

10 sectors eligible for Production-Linked Incentive (PLI) Scheme are ACC batteries, electronics/technology products, automobiles & auto components, pharmaceutical drugs, telecom & networking products, textile products, food products, solar PV modules, ACs & LED, and speciality steelRead more

Reconsider Haryana’s rule of 75% reservation for locals in pvt sector: ACMA

The Automotive Component Manufacturers Association of India (ACMA) believes that such a move would not only adversely impact the ‘ease of doing business’ in the state, but also be detrimental to Haryana’s image of an industry friendly state and in attracting future investments.Read more

$4 billion petrochemical complex in India put on hold due to COVID-19

The decision was taken by JV partners - Abu Dhabi National Oil Company (ADNOC), Adani Group, German chemical firm BASF, and Borealis AG - after a feasibility study of the project which comprised a propane dehydrogenation (PDH) plant, a polypropylene (PP) production and an acrylics value chain complex.Read more

MSME Ministry writes to over 2800 corporates to clear MSME dues

The Ministry's vigorous follow up with CPSEs, state governments, corporates, etc brings in very good results. With CPSEs paying Rs 3,700 crore to MSMEs in Sept 2020; the highest in a month, takes total payment to Rs 13,400 crore in last 5 monthsRead more

Altair acquires M-Base Engineering + Software GmbH

Move allows Altair - which has been investing significantly in the area of material modelling for several years - to offer most comprehensive, high-fidelity plastics database on the market Read more

ABB acquires Codian to enhance high-speed industrial robots

With this, ABB Robotics & Discrete Automation will accelerate its engagement in the growing field of delta robots. Strategic buy builds on industry-leading food and beverage, pharmaceutical and logistics portfolioRead more

MARK Compressors unveils Piston Air Compressors across segments

The products have an upgraded cooling system, which keeps the heat emission in check during long working hours. Designed in a compact tank format, the products are on wheels which makes them portable.Read more

Iris Computers helps Allahabad High Court to establish online judicial delivery

The company delivered ACER laptops to the court and the order of which came right when Lockdown was lifted, thereby helping for a robust restart.Read more

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