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L&T Infotech Plans to Invest in Startups

L&T Infotech, the IT division of Larsen & Toubro is planning for obtaining board approval for investing in technology startups which will assist the company in boosting its digital offerings. As per Sanjay Jalona, the company’s chief executive, they are...

Greenlight Planet raises Rs 34 Cr from OPIC

Greenlight Planet, a company providing solar energy solutions has attracted nearly Rs 34 crore ($5 million) in debt financing via Overseas Private Investment Corporation (OPIC), which is a development finance institution backed by the US government. The recent round of...

TRAI Proposes Aadhaar-linked Digital Scrutiny for New Connections

TRAI has proposed recommendations for the Department of Telecom (DoT) to permit electronic KYC of Aadhaar to be one of the validating documents for obtaining a new mobile connection. The recommendation was sent through two weeks ago once the...

Nagpur to Emerge as the New Investment Destination

The recently held 'Make in India' Week has seen commitments in all main sectors which include - electronics, textile, defence, infrastructure, agro industries etc. Among the states, Nagpur is getting promoted by the government and the state for drawing major...

India launches State-wide Targets to Attain RPOs

India has launched the statewide targets for attaining the newly-revised Renewable Purchase Obligations (RPOs) of 17 per cent by 2022. Further, the Ministry of New and Renewable Energy’s (MNRE) joint secretary, Tarun Kapoor stated in his letter regarding the setting...

New Electronics Policy will Drive the ESDM Industry and MSMEs

The Maharashtra state government’s approval to the electronic policy for boosting the manufacture of electronic equipments as well as components have been greatly welcomed by the local industries. The step is in an endeavour to bring down import of...

SMEs are Increasingly Sourcing via B2B Portals

The surge in demand for B2B products reveals a massive shift in purchase channels which are deployed by SMEs as well as large companies. With the rising focus on logistics as well as timely delivery services, online B2B e-commerce...

Havells India: Rise in Infra Spend to boost growth in LED and Cables

Havells India has revealed that due to the rise in infrastructure spend, there has been an improvement in revenue growth in the 2HFY16 in comparison to 1HFY16. This is mainly in the cables segment. The company’s management is expecting...

India targets UAE for its Internet and Technology Sector

India is aiming to boost its Internet and technology sector by seeking investors from UAE.  The additional secretary of the government’s department of electronics and information technology (Deity), Ajay Kumar, told the audience of UAE business delegates in Mumbai...

Indian PM Lays Foundation for Electronics Manufacturing Cluster in Chhattisgarh

Prime Minister Narendra Modi has laid the foundation stone for the development of an electronic manufacturing cluster in Naya Raipur, Chattisgarh on Sunday, 21 February. This is one of India’s seven Greenfield manufacturing clusters. The Indian government under the ambit...

Approved Solar Parks Rise to 33 in 21 States

As per an official statement issued by Solar Energy Corporation of India (SECI) on Sunday, 21 February, the approved solar parks in India have risen to 33 in 21 Indian states with an aggregate capacity of 19,900 MW.  SECI's...

Coal India to Save 30 % Power Cost via Solar

Coal India will be undertaking a project for generation of 1000 MW of solar energy. This is to save 30 per cent of its power and fuel expenses. The company had to spend Rs 2,347-crore power bill in 2014-15...

Haryana gets Approval for 500 MW Solar Power Park

Haryana has got approval from the Ministry of New and Renewable Energy (MNRE) for the setting up of an ultra mega solar power project which will be in line with the Indian Government’s plan for setting  up 20 GW...

India shifts focus from Chip Making to Chip Design

It has been four years and India’s plans for setting up two chip manufacturing units with an investment of over ₹63,000 crore is still to see fruition. The two main consortiums who had made a commitment for setting up...

Recent Posts

India must emerge as a global EMS hub

In spite of an increase in domestic production, the import of electronics into India continues unabated. EMS providers, therefore, must grab the opportunity to...

LG to Make EV Battery Cells With General Motors in USA

The duo has announced an investment of $2.3 billion through a new, equally owned, joint venture company This investment builds on GM’s $28...

Global Automotive Sensor Market To Grow Over $71.62 billion by 2029: BIS Research

The value of the global automotive sensor market is estimated at $35.92 billion in 2019 APAC will continue to dominate the automotive...

Qualcomm Is Working With Jio, Flipkart, Amazon To Offer 5G Services

India could be instrumental in building new use cases for 5G There is no technological reason for not to deploy 5G as per...

General Motors Teams Up With LG Chem Worth $2.3 Billion To Produce ...

The new facility will provide employment opportunities to up to 1,100 people The battery plant will have a capacity to produce more than...