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Lenovo expands manufacturing portfolio in India
Lenovo’s local manufacturing caters to 15-20% demand in India. The company plans to increase it to 30-35%. Total revenue for all Lenovo Group businesses in India was $462 million for Q1FY22, up 31.3% YoY.Read more
Bangalore-based Zetwerk raised $150 million in new funding
Zetwerk has raised $150 million in a Series E financing round. The company plans to deploy the fresh capital to broaden its technology stack and expand to more international markets.Read more
Motwane acquires Telemetrics to expand smart test & measurement solutions range
For Motwane, it is a perfect strategic fit that will enhance the company’s product range, spur growth, increase market share, and, as a result, aligns with Motwane’s vision of becoming a key global player in the electrical test & measurement industryRead more
Exchanger Industries acquires HRS Heat Exchangers
This acquisition will enable HRS venture into the high value oil & gas and petrochemical sector in India, with better technology and engineering to manufacture heat exchanger and systems from Exchanger Industries Ltd.Read more
HARTING ranking as climate protection pioneer for ten years now
The technology group has been honoured for its commitment by the Federal Environment Ministry (BMU), the Federal Ministry of Economics (BMWi) and the Association of German Chambers of Industry and Commerce (DIHK).Read more
Red Lion launches Secure Industrial Remote Access Platform in India
It comes with the ability to remotely access, monitor and manage diverse equipment. It helps to lower operational costs and downtime by reducing site visits and dramatically improving response times.Read more
Razorpay acquires Bengaluru based TERA Finlabs to support MSME sector
Razorpay disclosed that the acquisition of TERA Finlabs is aligned with its strategy of financially supporting MSMEs by building competencies in capital solutions, credit underwriting and data-driven risk management.Read more
Saudi’s Alfanar acquires wind turbine maker Senvion India from Senvion
Senvion India will provide full EPC and O&M solutions for wind power projects to customers in India. Riyadh-based Alfanar holds 600 MW capacity in India won via auctions conducted by SECI.Read more
ABB remotely commissions actuators for BGPPL to set new benchmark
This upgrade to a newer, more reliable product was critical to improve our efficiency, safety and quality by reducing product variability, breakdown and inventory cost for BGPPL.Read more
Tata Steel Mining all set to acquire Rohit Ferro-Tech
Tata Steel Mining Ltd (TSML), a wholly-owned subsidiary of Tata Steel Limited, announced that it is the successful resolution applicant for Kolkata-based ferrochrome maker Rohit Ferro-Tech Ltd (RFT). Read more