News

Banks Sanction Rs. 1.27 Lakh Crore to MSMEs

According to the Finance Ministry, banks have sanctioned loans worth Rs. 1,27,582 crore under the Rs. 3 lakh crore Emergency Credit Line Guarantee Scheme (ECLGS) for the MSME sector affected by the economic slowdown due to the ongoing Covid-19

Hitachi ABB Plans for EV Charging System in India with Ashok Leyland

Hitachi ABB Power Grids, which recently launched its Grid-eMotion Fleet, a game-changing grid-to-plug EV charging system for large scale public transports and commercial operators, plans to bring the technology to India with Ashok Leyland as its partner.

Grind Master Enters into Alliance with Roberts Sinto America

Grind Master Machines Pvt Ltd (GM) has entered a partnership with Roberts Sinto Corporation (RSC) of USA to offer additional grinding solutions to North American Foundry customers.

Japan Offers Huge Subsidies to Companies Moving Out of China

As part of a new program to reduce dependence on China for manufacturing, Japan Government has now planned to pay $536 million to companies to shift their factories out of China and move them back home or in other Southeast Asian countries

LAMIERA Dates Changed to May 26-29, 2021

The new date of LAMIERA Show has been recently announced by UCIMU-SISTEMI PER PRODURRE as May 26-29, 2021.

PaintExpo 2020 Called Off Finally

Due to the still fragile corona situation, stricter hygiene, and distancing regulations for trade fairs in Baden-W�rttemberg and sustained restrictions on international travel, PaintExpo 2020 is being cancelled

EuroBLECH postponed to 2021

The 26th edition of the International Sheet Metal Working Technology Exhibition - EuroBLECH is postponed to March 9-12, 2021 in the wake of Covid-19. Earlier the show was scheduled to be held from October 27-30, 2020 in Hannover

PM Launches Aatmanirbhar Bharat App Challenge

In the wake of India's recent ban on 59 Chinese mobile apps including the famous Tik Tok with the view to safeguard the country's security, Hon'ble Prime Minister Shri Narendra Modi has launched the 'Atmanirbhar Bharat App Innovation Challenge' to encourage the local IT workforce to create homegrown apps

NMDC's Bailadila Projects Excel Amid Pandemic

One of the India's Navratna mining company, National Mineral Development Corporation's (NMDC) Bailadila Projects at Chhattisgarh, recorded a sharp rise in sales and production in June 2020 as compared to the previous year, in spite of the forced lockdown it was further closed due to various factors for seven days in the earlier month

Manufacturing PMI Improves in June

New Delhi, India - According to data released by IHS Markit, India's Manufacturing Purchasing Managers' Index (PMI) surged to 47.2 in June as compared to 30.8 in May this year. This signals faster normalization of the nation's manufacturing activity since the nationwide lockdown was lifted on June 1, 2020

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