New Delhi, April 27 (IANS) The Confederation of Indian Industry (CII) on Monday said that New Zealand’s commitment to facilitate $20 billion in investment over 15 years is expected to catalyse the development of industrial infrastructure, manufacturing ecosystems, and innovation clusters across India.Hailing the signing of the India–New Zealand Free Trade Agreement (FTA), the apex industry chamber said that the FTA’s provision of 100 per cent duty-free access for Indian exports is expected…
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Bengaluru, April 23 (IANS) Amid the complexity of designing US fire trucks that increases manifold because each US state has a unique fire code, global professional services company Vee Technologies’ engineering business has rolled out the design of its 3,000th fire truck this month, its was announced on Thursday.The Bengaluru and Atlanta-headquartered firm forayed into the challenging area of designing fire trucks for the US market a decade ago.The complexity of designing US fire trucks increas…
New Delhi, April 22 (IANS) The government will hold an Open House in the national capital on April 27 to discuss issues related to import of steel amid the global tensions.The Ministry of Steel said that companies and associations may present their issues related to above subjects in the Open House. “The Open House will be conducted from 11:00 am to 5:00 pm and specific time slots will be indicated via e-mail. Walk-ins will not be possible due to logistic challenges and only one representative…
New Delhi, Feb 18 (IANS) In conjunction with Qualcomm CEO Cristiano Amon’s participation in the ‘India AI Impact Summit’ here, the chip major on Wednesday announced plans to invest up to $150 million through Qualcomm Ventures to back Indian startups across all stages.The US-based company aims “to support India’s rapidly expanding technology and AI startup ecosystem, with a focus on AI for automotive, IoT, robotics and mobile,” it said in a statement.“Through our new Strategic AI Venture Fu…
Mumbai, Feb 12 (IANS) Bharat Forge on Thursday reported nearly 17 per cent year-on-year decline in its standalone net profit for the quarter ended December 2026 (Q3 FY26).On a standalone basis, the company posted a net profit of Rs 288 crore lower than Rs 346 crore reported in the same quarter last financial year (Q3 FY25), according to its stock exchange filing.Standalone revenue from operations saw a marginal dip of 0.6 per cent to Rs 2,083.7 crore in Q3 FY26.On a consolidated basis, the perfo…
New Delhi, Feb 3 (IANS) Bengaluru-based precision-engineered components manufacturer Sansera Engineering Limited could strengthen its position in the automotive value chain and create additional revenue streams through its joint venture with Japan’s Nichidai Corporation, a report has said.The report from Machine Maker said the strategic joint venture will help Sansera diversify its portfolio beyond internal combustion engine components, access new customer segments and overseas markets.Sansera E…
New Delhi, Jan 16 (IANS) The CSIR Integrated Skill Initiative, a flagship national programme implemented by the Council of Scientific and Industrial Research (CSIR), has trained over 2 lakh workers across the country, the Ministry of Science & Technology said on Friday.“During phase I and II of the Initiative, more than 1.90 lakh individuals were trained, through 5200+ skill-based trainings, including special targeted initiatives for rural citizens and women,” the Ministry said.The third…