Bosch SDS, Dassault Systèmes collaborate to advance AI-led manufacturing in India
Bosch Software and Digital Solutions (Bosch SDS) and Dassault Systèmes today announced a collaboration in India to help manufacturing enterprises accelerate digital transformation across product engineering, manufacturing operations and industrial value chains. The collaboration brings together...
Adani-IHC expand Odisha investment plans to $25bn across 14 projects
Abu Dhabi-based International Holding Company (IHC) and India’s Adani Group have expanded their investment plans in Odisha, outlining INR 2.105 trillion (USD 25 billion) of potential investment across 14 projects spanning metals, critical minerals, energy, chemicals and infrastructure. The...
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Tribals oppose campaign against development projects in Odisha
Strongly pleading for speedy development in backward Kalahandi and nearby areas of Odisha, locals including tribal people today opposed any campaign against projects like Vedanta even as activists including Medha Patkar held a meeting in Lanjigarh. Participants in the rally, organised by Niyamgiri...
Indian aluminium firms renew call for tariffs after action on imported steel
India’s aluminium manufacturers continue to lobby their government for protection against low-price imports this week. Representatives from domestic aluminium firms are asking government officials to establish a minimum import price to help stave off what the firms consider dumping from several...
Bengaluru firm to make more heat pipes for satellites
Avasarala Technologies Ltd, the city-based tier-1 supplier of critical components to strategic sectors, has secured more orders to supply heat pipes for Indian satellites, a top official said on Thursday. "We have got additional orders from ISRO (Indian Space Research Organisation) to supply heat...
Jaguar's aluminium enriched 2016 XF diesel model reaches India
Jaguar has imported its all-new XF model to Indian shores. Currently, the British-based automobile manufacturer has imported two units of the XF. Two variants have been imported from the United Kingdom which are the Portfolio and Prestige variants. Powering the 2016 Jaguar XF is a 2.0-litre diesel...
Ess Dee Aluminium reports net loss in the March 2016 quarter
Ess Dee Aluminium reports consolidated net loss of Rs 62.94 crore in the March 2016 quarter. Ess Dee Aluminium reported net loss of Rs 62.94 crore in the quarter ended March 2016 as against net profit of Rs 6.72 crore during the previous quarter ended March 2015. Sales declined 84.15% to Rs 32.60...
Power tariff set to shoot up as Coal India raises prices
With Coal India (CIL) planning to raise its revenue margin by an additional INR 3,234 crore by increasing the average coal prices by 6.29 per cent, power tariffs in plants across the country are set to rise. To push sales of higher-grade coal and to price them at par with international trends, CIL...
Hindalco rallies 11% as aluminium volumes drive Q4 profit
Shares of Hindalco rallied 11 percent intraday Monday, riding high on its March quarter results. Boosted by strong aluminium business, the company's net profit zoomed 124 percent to Rs 356.3 crore in January-March quarter from Rs 159 crore in year-ago period. During the quarter, its total turnover...
First trial run of Spanish high-speed coaches successful
The first phase of trials for the Spanish-made high-speed Talgo coaches was successfully conducted on the Bareilly-Moradabad route here on Sunday morning. Nine of the lightweight coaches were hauled by a 4,500 HP diesel engine from Bareilly to Moradabad at a speed of 115 kilometres per hour (kmph)....
NALCO trades in green despite reporting drop in Q4 net profit
National Aluminium Company is currently trading at Rs 42.15, up by 0.30 points or 0.72% from its previous closing of Rs 41.85 on the BSE. The scrip opened at Rs. 41.85 and has touched a high and low of Rs. 42.75 and Rs. 41.75 respectively. So far 105486 shares were traded on the counter. The BSE...
After steel, aluminium may get safeguard duty
After the government helped the steel industry by imposing a minimum import price to keep imports at bay, aluminium manufacturers are lobbying with the commerce ministry for similar benefits. “The government is re-examining the provisions of imposing either a safeguard or an antidumping duty on...
NALCO posts INR 731 cr net profit in 2015-16
At a time when 70% aluminium companies world over have reported loss, as also reduced production, and the aluminium industry is reeling under heavy pressure due to sluggish international market, National Aluminium Company Limited (NALCO), a Navratna PSU under Ministry of Mines, Government of India,...
HTC 10 and HTC 10 Lifestyle with all-aluminium unibody launched In India
HTC has finally unveiled the much awaited HTC 10 and HTC 10 Lifestyle in India. The company has also unveiled five more devices- The HTC 10 Lifestyle, the new HTC Desire 628, HTC Desire 630 HTC One X9 dual-SIM, HTC Desire 825, and HTC Desire 830, along with the flagship. HTC 10 boasts a 5.2-inch...
India to merge underground coal mines to deploy longwall mining methods
To facilitate the induction of modern mining technology and equipment, India’s Coal Ministry is looking at merging underground mines in the same geographies and moving away from a trend of converting underground mines to opencast ones. An official in Coal India Limited’s (CIL’s) technical...
Hyderabad-based Smartron designs t.book hybrid device with aluminium alloy chassis
Hyderabad-based Smartron is a startup with big ambitions. They have plans to built an ecosystem of products and IoT services for the global market. Their first product is the t.book a Windows 10 hybrid device. This new device breaks the mould and packs a punch while doing it. The chassis is a...
India to auction 7 mines by August including 1 bauxite mine in Koraput, Odisha
Odisha government is in the process of putting at least seven mines for auction by August, state Steel and Mines Minister Prafulla Mallick said today. The seven mines include iron ore, manganese and a bauxite mine in Koraput district. "We are in the process of auctioning seven more mines by...
Aequs partners AMS to make aerospace products in India
Karnataka-based aircraft component maker Aequs Aerospace has entered into an agreement with All Metal Services Limited (AMS), a subsidiary of Reliance Steel and Aluminum Company, to manufacture aerospace materials and applications in Belgaum. The facility will provide various metals, including...
Aluminium futures soften 0.10% on muted spot demand
Aluminium prices weakened by 0.10 per cent to INR 104 per kg in futures trading today as participants trimmed positions, driven by subdued demand from consuming industries in the spot market . At Multi Commodity Exchange, aluminium for delivery in May month shed 10 paise, or 0.10 per cent to INR...
Scrapping policy to boost metal recycling in India
Ready with a new scrapping policy that will provide incentives for surrendering old polluting vehicles, Union Minister Nitin Gadkari today said it will boost the automobile industry turnover over four-times to INR 20 lakh crore in the next five years. More so, the policy will also sow the seeds for...
