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TDK to acquire Chirp Microsystems, aiming for leadership in ultrasonic sensing solutions

TDK Corporation announced that it has reached an agreement with Chirp Microsystems, Inc., a pioneer in high-performance ultrasonic sensing, in which Chirp becomes a wholly owned subsidiary of TDK. TDK expects to close the acquisition within the coming days.Read more

Kluber’s novel lubricants set to revolutionise lubrication sector

Hydro Lubricants, considered to be the lubricants of the future, are energy-efficient, sustainable and harmless.Read more

New Ingersoll Rand heavy duty industrial pneumatic impact tools and drills with ATEX certification

Ingersoll Rand®, a global leader in reliable and innovative power tools, expanded its portfolio of ATEX certified industrial equipment with seven new heavy duty pneumatic impact tools and drills.Read more

India to become a $5 trillion economy soon: Suresh Prabhu

India will be a 5 trillion dollar economy, it is only a matter of time according to Suresh Prabhu, Minister of Commerce and Industry and Civil Aviation. He was speaking at the Annual Session 2018 organised by the Confederation of Indian Industry in New Delhi on 9th of April 2018.Read more

Inefficient logistics impacting competitiveness of Indian products

Minister of State for Commerce & Industry, C R Chaudhary said that India is losing 14% of GDP due to inefficient logistics which impacts the competitiveness of Indian products.Read more

Rockwell Automation reduces complexity of large standalone machines using its new 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

GCL Group and Softbank invest $ 930 million to establish a joint venture in India

The main content of the memorandum is that GCL Group and Softbank Investment have agreed to establish a joint venture company in Andhra Pradesh, India, either directly or through their respective affiliates or subsidiaries, of which Softbank Investment accounts for 60% and GCL Group 40%.Read more

Dr Nitin Joshi joins ALOK as Vice President-Technology

Leading masterbatch provider, ALOK has appointed Dr Nitin Joshi as Vice President-Technology. An IIT graduate and a Ph.D. holder from UDCT, Dr Joshi has an extensive 25 years of experience within product development, R&D, regulatory affairs and quality control.Read more

Vehicle scrappage new policy, unlikely to perk up demand significantly says CRISIL

The much-awaited vehicle scrappage policy has received a go-ahead from the Prime Minister’s Office and is awaiting approval from the Goods and Services Tax (GST) Council. As per the draft policy released by the Ministry of Road Transport and Highways (MORTH) on May 26, 2016, vehicles older than 15 years were eligible for benefits under the scrappage scheme.Read more

Maxion Wheels to set up new passenger car aluminum wheel plant in Pune with $ 50 million investment

Maxion Wheels, the world’s largest wheel manufacturer, held a ground breaking ceremony (Bhoomi Poojan) on the future site of its 25,000 square meters plant in Khed City, Pune.Read more

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