Author: MM Desk

Mahindra & Mahindra Ltd, a leading player in the automotive industry, has unveiled its ambitious plan to emerge as one of the top two players in the compact SUV segment within the next three years. This announcement comes as the company aims to capitalize on the growing demand for compact SUVs and strengthen its position in the competitive automotive market. At the unveiling of its latest offering, the compact SUV XUV 3XO, M&M Executive Director and CEO for auto and farm, Rajesh Jejurikar, expressed confidence in the company’s ability to achieve significant growth in its SUV volumes, anticipating mid-to-high teens…

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Tata Chemicals Ltd has reported a net loss of Rs 841 crore in the January-March quarter of FY24, marking a significant downturn compared to the profit of Rs 692 crore recorded in the same period a year ago. The company declared a dividend of Rs 15 per share despite the challenging financial results. During the fiscal year ended March 31, 2024, Tata Chemicals recognized a non-cash write-down of assets totaling Rs 963 crore. This exceptional loss was attributed to the soda ash and bicarb operations in the United Kingdom. The impairment was primarily due to unfavorable market conditions and reduced…

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Huf, the German-based expert in automotive access and authorization systems, recently inaugurated its new testing and requalification center, the Technical Center India Laboratory (TCIL), at its facility in Chakan, Pune. This development follows the opening of the Technical Center India (TCI) in Baner, Pune, last year, marking a significant expansion in Huf’s engineering capabilities in India. The inauguration ceremony was attended by notable figures including Huf COO Dirk Fischer and CTO Nuna Bogdan, alongside local dignitaries and employees. Dirk Fischer highlighted the strategic importance of the Indian operations within Huf’s global framework, noting, “Since opening in Pune in 2008, Huf…

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Hermle, a prominent German engineering company, is renowned for its high-precision computer numerical control (CNC) milling machines, machining centres, and automation solutions. They are thrilled to unveil the first three models of its highly anticipated new Generation 2 (GEN2) during this year’s annual Open House. The selected models—C 650, C 32, and C 42—mark a significant step in the medium machining segment with their size and working area. HERMLE plans to transition all its machine models to the GEN2 architecture over the next 18 months, following a meticulously defined development process. With a steadfast commitment to innovation and quality, Hermle’s…

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ZEISS, one of the global leader in optics and optoelectronics, has announced a strategic partnership with Argolight, a renowned French company known for its innovative quality control solutions. This collaboration is set to revolutionize microscopy by integrating Argolight’s advanced quality control technologies with ZEISS’s comprehensive line of microscopes, providing users with unprecedented tools to ensure the highest standards of imaging performance. With this partnership, ZEISS and Argolight are combining their expertise to address the critical need for reliable and precise imaging in scientific research and various industrial applications. By incorporating Argolight’s solutions into ZEISS microscopes, users will benefit from enhanced…

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Gruner Renewable Energy, one of the leading players in India’s renewable energy sector, has announced the successful acquisition of multiple contracts totalling ₹1500 crores for the development of Compressed Biogas (CBG) Plants. This milestone achievement comes within the company’s first operational year, marking a significant stride towards enhancing India’s sustainable energy infrastructure. Gruner Renewable Energy has been awarded 11 projects valued at ₹1100 crores from one of India’s leading business conglomerates, alongside 19 other projects from various industry leaders, cumulatively worth ₹400 crores. These projects are set to bolster the national production of compressed biogas with an annual output exceeding…

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NORD DRIVESYSTEMS, one of the leading providers of drive technologies, will exhibit a comprehensive array of innovative products at ACHEMA 2024 from 10 to 14 June, focusing on robust and efficient solutions for the process industry. NORD’s presentation will be at Hall 8.0, Stand B52 at the Frankfurt am Main exhibition grounds. This year, NORD is set to highlight its ATEX-compliant drive concepts and the heavy-duty MAXXDRIVE® industrial gear unit, which is particularly suited for agitator and mixer applications. NORD will also feature its new decentralised NORDAC ON/ON+ frequency inverters, revolutionary DuoDrive geared motors, IE5+ synchronous motors, and the versatile…

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Zydus Lifesciences, a leading player in the pharmaceutical industry, has announced a significant milestone in its global operations with the launch of Mirabegron Extended-Release Tablets, 25 mg in the United States market. This development comes after the company received final approval from the United States Food and Drug Administration (USFDA) to market Mirabegron Extended-Release Tablets USP 25 mg and 50 mg, which are the generic versions of Myrbetriq Extended-Release Tablets. Zydus Lifesciences is among the first suppliers to introduce the generic version of Mirabegron Extended-Release Tablets, USP 25 mg in the US market and is poised to launch Mirabegron Extended-Release…

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In a recent evaluation conducted by the Global New Car Assessment Program (NCAP), the Citroen e-C3 electric vehicle has failed to meet safety standards, sparking concerns among consumers and industry experts alike. The assessment, conducted as part of the ‘Safer Cars For India’ campaign under Bharat NCAP, revealed significant deficiencies in both adult and child occupant safety. The Stellantis-owned and India-manufactured Citroen e-C3 scored a shocking zero stars in adult occupant safety rating and only managed to secure one star in child occupant safety. Bharat NCAP, India’s authoritative voice on vehicle safety, assigns star ratings based on performance in crash…

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Welspun Corp, a leading player in the steel industry, has announced a significant milestone in its recent operations. On Monday, the company revealed that it has clinched multiple line pipe orders, both domestically in India and across the Atlantic in the United States, with a cumulative value of approximately Rs 872 crore. These orders were secured over the course of the last month and are poised to reinforce the company’s standing in the global market. The latest orders encompass a diverse range of projects, with one notable contract involving the supply of Concrete Coated LSAW Pipes and Bends for a…

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