LG to launch IoT enabled ceiling fans in Indian market by June

South Korean consumer electronics maker LG would foray into the premium ceiling fans segment this season, which will have advance features such as Internet of Things (IoT) technology, a top company official has said. The smart fans would be connected...

Govt unveils draft National Auto Policy to promote green mobility

The government today sought stakeholders' comments on a draft National Auto Policy, which seeks to promote clean and safe mobility and adopt a long-term roadmap to harmonise emission standards with global benchmarks by 2028. The policy also envisages propelling India's...

Roadmap for 5G rollout by June, says Telecom Secretary

Telecom Secretary Aruna Sundararajan on Friday said the Department of Telecommunications (DoT) will unveil the roadmap for 5G or fifth-generation by the end of June. "The DoT has received good inputs on 5G in the new telecom policy or NTP...

Telecom subscribers in India reach 1.19 billion in December 2017: Trai

Telecom subscriber base in India reached 1.19 billion at the end of December 2017 with Reliance Jio adding over 8 million new customers alone during the month, according to data published by telecom regulator Trai. “The number of telephone subscribers...

SunSource energy plans to build 200-mw solar park in UP

SunSource Energy, a solar EPC player in India, is boosting its portfolio with plans to develop a 200-mw solar park in Uttar Pradesh entailing an investment of Rs 900 crore. The company has also received funding from State Bank of...

Dyson to invest Rs 1,300 crore in India

British tech firm Dyson will pump GBP 150 million (about Rs 1,300 crore) into its Indian operations over the next five years as it looks to make inroads into the burgeoning consumer durable market here. The company, which on Thursday launched its products in...

Won’t mope if Foxconn goes back, says state minister

Maharashtra Industries Minister Subhash Desai today hinted that Taiwanese contract manufacturer Foxconn may go back on its committed USD 5- billion investment in the state. According to PTI, when asked about the progress investment commitment made by the world's largest contract manufacturer...

Ciena unveils 5G solutions for telecom operators

US-based telecom networking and software services company Ciena Thursday unveiled fifth-generation or 5G Solutions to help telcos scale up their existing LTE-4G networks. “Ciena’s 5G Solutions are designed to provide the scale and automation operators need to deliver a superior end-to-end user customer experience in this environment and usher...

Topaz Solar plans to set up 500-MW module-making unit in Odisha

Topaz Solar plans to set up a 500-MW per annum solar module manufacturing facility in Odisha. The project, which is phase-I of the investment plan, is estimated to cost ₹240 crore. According to the company Chairman and a promoter, Ganeshan Natarajan,...

Xiaomi won’t ease phone rates, launches Mi TV

India’s leading smartphone maker Xiaomi will not increase the prices of its existing mobile phone models despite wafer-thin margins, benefiting local consumers who would otherwise have had to pay more after North Block raised the levy on component imports...

Mahindra Susten’s storage-cum-solar project in the Andaman islands scrapped

Mahindra Susten’s landmark storage-cum-solar power project in the Andaman and Nicobar islands has been scrapped. Mahindra Susten had last year won the bid to set up the 28-MWh project for NLC (formerly Neyveli Lignite Corporation). Chairman and Managing Director at NLC...

IBM eyeing BFSI, telecom sector for growth in India

When it comes to digital transformation, sectors like the Banking, Financial Services and Insurance (BFSI), and telecom, will become the growth engines for India and IBM is ready to meet the technology requirements, a top company executive has said...

Surya Roshni to de-merge its lighting and consumer durables business

Surya Roshni has indicated that it plans to separate its two business verticals - Lighting and Consumer Durables and Steel Pipes & Strips, in a recent BSE filing. As the two businesses are not inter-related and have different business dynamics,...

NLC India to aggressively bid for railways’ solar projects

Union minister Piyush Goyal said state-owned NLC India plans to aggressively bid for Indian railways' solar projects. "Indian railways plans to have a bidding process to soon come out for expanding solar footprint of railways where NLC India Ltd is also having...

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Recent Posts

Handset makers may invest Rs 6,000 crore for more local inputs

India could see investments of up to $900 million (about Rs 6,000 crore) in the next two years from leading handset makers and global...

Ericsson to relocate India headquarters to a smaller office

Swedish telecom gear company Ericsson is relocating its India headquarters to a smaller office amid pressure on revenue from consolidation in the country's telecom...

Mivi to start manufacturing its products in India

With an aim to see a 300 percent jump in its sales, homegrown electronics brand Mivi on Monday said it will start manufacturing its...

Bharat Forge to set up two plants for making EV and hybrid vehicle parts

Bharat Forge, the Pune-based multinational with a presence across automotive, power, oil and gas, construction and mining, rail, marine and aerospace, has confirmed plans...

JSW Energy inks MoU with Maharashtra to make EV, storage system

Sajjan Jindal led JSW Energy announced on Monday that it has signed a pact with Maharashtra for setting up manufacturing unit for electric vehicles...
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