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Globalisation resilient even as US-China decoupling advances: DHL Global
Global flows of trade, capital, information stronger than pre-pandemic; people flows recovering, says the new DHL Global Connectedness Index 2022. There is no compelling evidence of global economy disintegrating into blocs. Share of US flows involving China decreased in 8 out of 11 examined areas, including merchandise exports and imports, and specific capital flows.Read more
Elecon Engineering launches upgraded industrial gearbox New EON, at Gurugram
One of largest industrial gears manufacturers, Elecon Engineering Company Limited (Elecon) launched the latest addition to the already popular range of gearboxes ‘New EON’ at an event at The Oberoi, Gurugram. Company also plans to open local swift centers to enhance customer services.Read more
Towards a new paradigm in supply chains: The holistic supply chains
The 'holistic’ supply chain (HSC) is a new development, the next step in the evolution of supply chains. In essence, an HSC is a derisked, potentially high inventory holding alternative to resilient supply chain, says R Jayaraman.Read more
TI Clean Mobility to raise Rs 3000 Cr to fuel its EV platform
TI Clean Mobility Private Limited signed terms with Multiples, State Bank of India and other co-investors to raise capital in the form of Equity and CCPS to Rs 1950 crores. The parent company Tube Investments of India Limited (TII) to invest Rs 750 crore to achieve the total fund raise of Rs 3000 crore. Read more
Amara Raja Group’s Mangal Industries signs MoU with AXISCADES forming strategic partnership
A leading technology solutions company, AXISCADES forms a partnership with Amara Raja Group’s company Mangal Industries Limited to make an engineering, digital, and manufacturing collaboration. Read more
Essar launches EET to invest $3.6 billion in energy transition in the UK and India
Essar Group announced the formation of Essar Energy Transition (EET) with $2.4 billion investment in blue and green hydrogen, ammonia, biofuels, and decarbonisation of refinery in the UK to reduce industrial emissions in North West England. With this company is to invest $1.2 billion investment in India as well.Read more
Tata Motors launches its registered vehicle scrapping facility, Re.Wi.Re
Union Minister Nitin Gadkari inaugurated the registered vehicle scrapping facility (RVSF) Re.Wi.Re – Recycle with Respect, by Tata Motors in Jaipur Rajasthan. The world-class facility has a capacity of 15,000 vehicles per year and follows eco-friendly processes for the safe and sustainable dismantling of end-of-life vehicles.Read more
Sterlite Power commissions largest green energy corridor project in Gujarat
Lakadia-Vadodara Transmission Project Limited (LVTPL) commissioned by Sterlite power will deliver more than 5000 MW of green and reliable power from the wind and solar energy zones of Bhuj and Kutch to the rest of India. The green energy corridor initiative was completed successfully in March 2023 as per the announcement by the company.Read more
HPX successfully executes 1st e-RA contract for Indian Railways
On February 12, has successfully concluded its 1st e-Reverse Auction (e-RA) based long duration contract for Indian Railways. The exchange simultaneously logged its highest single day volume of 36.18MUs.Read more
RR Kabel urges industries to focus on electrical fire safety and quality wires
RR Kabel address the serious risks with electrical fire safety and quality wires, Shreegopal Kabra, Managing Director, RR Kabel, and past president, IEEMA; accompanied by industry leaders such as Vipul Ray, MD, Elmex Group, and immediate past President, IEEMA, and S. Gopa Kumar, MD, Cape Electric, and Member, NFE (National Federation of Engineers for Electrical Safety), highlighted the lack of priority given to high-quality wires and cables in India.Read more