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Welspun One invests Rs 600 Cr in Thane Urban Warehousing Facility
This project represents the inaugural deployment of Welspun One Logistics Parks Fund 2, a Category II AIF vehicle. To date, the fund has garnered commitments totalling Rs 1,500 crore, with a targeted raise of Rs 2,000 crore, as stated by the company.Read more
India's Draft National Robotics Strategy Seeks Public Input
The Ministry of Electronics and Information Technology (MeitY) has extended an invitation for public comments and input from stakeholders regarding the draft "National Strategy for Robotics" (NSR), with the deadline set for October 31.Read more
Indian govt removes mandatory human safety tests for EV Batteries
According to the latest guidelines issued by the Ministry of Heavy Industries, adherence to the prevailing EV battery testing standards established by MoRTH is now the sole requirement for availing incentives.Read more
Tata Steel, ABB India collaborate to cut carbon in steel production
The partnership between these two companies will primarily involve comprehensive assessments of Tata Steel's manufacturing facilities, with a focus on evaluating and jointly developing strategies to enhance energy efficiency.Read more
Indian industries concern over EU Carbon tax data demands
This issue was raised during a meeting convened by the Ministry of Commerce on September 6, where government representatives discussed the challenges associated with the European Union's implementation of a carbon tax.Read more
Boeing's 737 Jetliner deliveries face challenges due to supplier glitch
Boeing anticipates that the handovers of its narrowbody aircraft will closely approach the lower limits of its target, which aims to ship between 400 and 450 of the popular 737 jets in the current year.Read more
India offers $452 mn incentives for Green Battery Storage Boost
Information Minister Anurag Thakur revealed that this program will actively support the development of a storage capacity of 4,000 megawatt hours (MWh) by the year 2030-31.Read more
ABB unveils Next-Gen Robots for Sustainable, High-Precision Manufacturing
Joerg Reger, the Managing Director of ABB Robotics Automotive Business Line, emphasises the relevance of this new robot range in light of the burgeoning electric vehicle (EV) industry.Read more
L&T secures $3.9 bn contracts for Saudi Aramco's Jafurah expansion
L&T's market capitalisation surpassed the Rs 4 trillion mark for the first time ever, reaching an intraday high of Rs 4.01 trillion before settling at Rs 4 trillion.Read more
AVAADA Group partners with Tata Steel SEZ for Green Hydrogen & Ammonia Unit in Odisha
The unit will be set up at Gopalpur Industrial Park in Ganjam district in Odisha. The project is expected to generate around 1,600 direct and 4,000 indirect employment opportunities and aims to curtail nearly 2 million tonne of Co2 emissions annually.Read more