B2B e-commerce company mjunction on Tuesday said SAIL has selected mjPRO, its e-procurement platform, for all its project procurements. mjPRO is a cloud-based platform that comes with wide configurability and addresses key concerns of organisations such as access to new and credible suppliers, analytics and insights for decision-making, convenience of usage and integration with ERP [...]
NINL, a 1.1-million tonne steel manufacturing unit in Odisha, has reached 100 per cent capacity utilisation within one year of its acquisition by Tata Steel. On July 4 2022, the steel major completed the acquisition of Neelachal Ispat Nigam Ltd (NINL) through subsidiary company Tata Steel Long Products Ltd (TSLPL) for a consideration of Rs [...]
Global enterprise software company Ramco Systems has appointed Sundar Subramanian as its chief executive officer, the company said on Tuesday. Prior to taking up the new responsibility, Subramanian was serving leading multinational information technology services and consulting companies. Ramco Systems chairman P R Venketrama Raja said, "...the appointment of Sundar Subramanian as the CEO will [...]
Krishna Kumar Thakur, a 1998-batch officer of Indian Railway Personnel Service (IRPS), has been appointed as a director on the board of BHEL, an official statement said. Prior to joining BHEL, Thakur was heading the human resources and administration function of Central Railway as Chief Personnel Officer, state-owned BHEL said in a statement. "On his [...]
Reliance ADA Group Chairman Anil Ambani on Monday appeared before the Enforcement Directorate (ED) here and recorded his statement in connection with an investigation linked to the alleged contravention of the foreign exchange law, official sources said. The industrialist and his wife Tina Ambani have been summoned again for a similar round of questioning later [...]
Torrent Power on Monday said it is working on a pilot project for blending green hydrogen with natural gas in the city gas distribution (CGD) network. The pilot project underway in Gorakhpur, Uttar Pradesh, is expected to complete in 8 months, the company said in a statement. "Torrent Power is implementing a green hydrogen pilot [...]
Semiconductor company Microchip has earmarked USD 300 million for investment in India spread over multiple years, a senior company official said on Monday. Microchip President and CEO Ganesh Moorthy said that the investment will be made in people, training and certain infrastructure like research and development centre, lab and equipment, and offices. "USD 300 million [...]
Power trading solutions provider PTC India Ltd has clocked 16 per cent growth in its power trading volumes during the first quarter of this fiscal and hopes for around 20 per cent rise in the entire 2023-24, driven by targeted segment wise trade and innovative products, according to CMD Rajib Kumar Mishra. PTC India's trading [...]
Reliance Retail-owned robotics firm Addverb expects to cross Rs 8,000-crore revenue mark in five years, with scaling up of manufacturing operations and diversifying target market base, a senior company official said. Addverb Technologies co-founder and CEO Sangeet Kumar told PTI that the company will invest Rs 500 crore in its Greater Noida-based robot manufacturing facility [...]
The Indian room air conditioner market is likely to reach USD 5 billion by FY28 with a compound annual growth rate (CAGR) of 10 per cent, according to Tata group firm Voltas. The company expects to be at the forefront of this growth. Voltas, an industry leader in the segment with a market share of [...]
