Month: May 2024

New India Assurance reports 128.4% growth in profit after tax in Q4FY24

Vijay Raman

Commenting on the results, Executive Director Mr. Titus Francis said, “New India Assurance” has delivered excellent results in FY24 despite adverse impact of several catastrophic claims during the year. The gross written premium grew by 8.3% during the year to Rs.41,996 Cr and profit after tax increased by 7% during the year to Rs.1,129 Cr. The PAT for the fourth quarter more than doubled as it increased by 128.4% to Rs.354 Cr. The solvency ratio remained healthy at 1.81x and the company continues to be the market leader in the…

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Unsold Housing Inventory – NCR Down 57%, South 11%, West 8% in 5 Years

Vijay Raman

  In the North, Delhi-NCR's unsold inventory declined from approx. 2 lakh units by Q1 2018-end to approx. 86,420 units by Q1 2024-end In the South, Bengaluru, Hyderabad & Chennai saw collective unsold stock decrease by 11% in this period; Bengaluru saw a 50% decline; in Hyderabad, inventory rose almost 4X amid increased new supply In the West, MMR & Pune saw collective inventory decline by 8%; in the East, Kolkata saw a 41% decline in unsold inventory   Going by a region's prevailing unsold housing inventory as an indicator of its…

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Rohde & Schwarz, Rohde & Schwarz first to achieve TPAC for NTN NB-IoT RF and RRM conformance test cases

Vijay Raman

Rohde & Schwarz first to achieve TPAC for NTN NB-IoT RF and RRM conformance test cases At the recent Conformance Agreement Group (CAG) meeting #78 of the Global Certification Forum (GCF), Rohde & Schwarz verified NTN NB-IoT test cases for radio frequency (RF) and radio resource management (RRM), successfully meeting all test platform approval criteria (TPAC). The R&S TS-RRM and R&S TS8980 test platforms were approved for every type of NTN NB-IoT test (RF, Demod and RRM), making Rohde & Schwarz the only company to have activated both NTN NB-IoT radio…

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NGK and Mitsubishi Heavy Industries to Jointly Develop Membrane Dehydration Systems for Bioethanol and e-Methanol

Vijay Raman

♦ NGK and MHI aim to achieve the real-world realization of systems using membrane separation system in the dehydration processes for Bioethanol, a promising alternative to gasoline and raw material for Sustainable Aviation Fuel (SAF), and e-Methanol, a next-generation clean marine fuel. ♦ By utilizing membrane dehydration systems, the companies will work to realize low-cost and to optimize the efficiency of their manufacturing processes of next-generation clean fuels contributing to the future establishment of a stable supply system. Nagoya, Japan, and Tokyo, May 22, 2024 – NGK INSULATORS, LTD. (NGK)…

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IIT Jodhpur publishes groundbreaking research on air pollution and health impacts in northern India

Vijay Raman

New research findings show that air pollution in northern India is not only harmful to human health, but also has a serious impact on the country's efforts to achieve clean air goals. A study conducted by researchers at the Indian Institute of Technology (IIT) Jodhpur found that fine particulate matter (PM2.5) is the most harmful component of air pollution, whose oxidative capacity is much higher than other particles. , This study shows that reducing PM mass alone will not be effective in reducing health impacts, and it is also important…

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FPT Industrial, FPT INDUSTRIAL AT ACT EXPO WITH ITS SUSTAINABLE AND INNOVATIVE ELECTRIC SOLUTIONS

Vijay Raman

FPT INDUSTRIAL AT ACT EXPO WITH ITS SUSTAINABLE AND INNOVATIVE ELECTRIC SOLUTIONS FPT Industrial, the Iveco Group brand dedicated to the design, production, and sale of low-environmental impact powertrains, will be exhibiting at ACT Expo 2024, the world’s largest advanced commercial vehicle technology show, in Las Vegas, NV from May 20 to 23, 2024.  At its stand (booth #3759, West Hall), the Brand will be putting into practice its flexible approach to the energy transition by showcasing both ePowertrain solutions, and multifuel ICE powertrains. In keeping with its 360-degree approach towards carbon neutrality, FPT Industrial will…

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Daikin Japanese Institute of Manufacturing Excellence (DJIME) opens admissions for Field Technicians & Frontline Engineers at Neemrana, Rajasthan

Vijay Raman

Rajasthan: Daikin Japanese Institute of Manufacturing Excellence (DJIME) announces the commencement of its programs tailored for aspiring Field Technicians and Frontline Engineers. Situated in the industrial hub of Neemrana, Rajasthan, DJIME offers comprehensive training programs designed to equip individuals with the skills and knowledge necessary to excel in the dynamic field of service. Students who have completed or are enrolled in the 10th/12th grade or ITI are eligible for admission to the Field Technician Course. For the Frontline Engineers Course, a diploma in Mechanical/Electrical/Electronics/Metrology and all related sub-branches is required.…

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realme GT 6T revealed as the Top Performer, aims to make a breakthrough in the mid-high segment with its Top Performing Trio [Business]

Vijay Raman

realme, the Most Reliable Smartphone Service Provider, has announced that its upcoming device, the all-new GT 6T is set to launch in India on May 22nd. As a Top Performer in its segment, the realme GT 6T is poised to revolutionize the user experience by offering unmatched performance, and is the perfect choice for consumers who seek flagship-level performance in a mid-high-end smartphone.   The GT Series has long been the epitome of realme's technological excellence, with “GT '' synonymous with powerful performance, superior design, and an uncompromising premium experience.…

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Softing Industrial Automation GmbH, Premiere at Hannover Messe: Softing Industrial introduced edgeGate – a hardware gateway for industrial edge and cloud applications

Vijay Raman

Premiere at Hannover Messe: Softing Industrial introduced edgeGate – a hardware gateway for industrial edge and cloud applications Softing Industrial presented its new edgeGate at Hannover Messe 2024 – a maintenance-free hardware solution for transferring production data from PLC and CNC controllers to edge and cloud-based environments.  edgeGate for edge and cloud applications© Softing IndustrialedgeGate simplifies access to Programmable Logic Controllers (PLC) and Computerized Numerical Controllers (CNC). It enables seamless and secure data integration into advanced management systems such as Enterprise-Resource-Planning (ERP), Manufacturing Execution System (MES) or Supervisory Control and Data…

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India partners to digitize vaccine cold chain for livestock

Vijay Raman

Department of Animal Husbandry and Dairying (DAHD), Ministry of Fisheries, Animal Husbandry and Dairying has signed a Memorandum of Understanding (MoU) with United Nations Development Program (UNDP) India on digitalization of vaccine cold chain management, capacity building. communication plan. “With the digitalization of the entire vaccine stock management system and providing real-time information on vaccine stocks and flows, and storage temperatures, disparities in vaccine supply will be addressed by managing the bottlenecks of infrastructure, management information systems and human resources” , he said. Alka Upadhyay, Secretary, Animal Husbandry and Dairy…

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