Day: 25 June 2024

Ageas Federal LifeInsurance Declares Highest-Ever Bonus Total of INR 134.44 Crore for FY23-24

Vijay Raman

Ageas Federal Life Insurance, one of India's leading private life insurers, has announced its highest-ever total bonus of INR 134.44 crore during the annual valuations for the fiscal year 2023-24. This significant milestone marks the 10thconsecutive year of bonus declarations by the company, reflecting a notable 53% increase compared to the previous fiscal year’s total bonus of INR 87.86 crore. Out of this total bonus 134.44 crore, INR 25.88 crore will be distributed to eligible policyholders in the form of cash bonuses and maturity bonuses, with the remaining amount to…

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NORD Drivesystems, The drive manufacturer is expanding its capacities in the USA

Vijay Raman

The drive manufacturer is expanding its capacities in the USA The drive manufacturer is expanding its capacities in the USA |  NORD opens factory in Texas At the end of May, NORD DRIVESYSTEMS celebrated the opening of its new factory in McKinney, Texas. Following Waunakee in Wisconsin, Charlotte in North Carolina and Corona in California, this is the fourth US site for the complete supplier of drive technology. Here, NORD will offer pre-sales, warehouse, assembly and aftermarket services in the Southern region of the USA. The new factory will thus complement…

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Real Estate’s Hopes from The Upcoming Union Budget

Vijay Raman

 by Akash Pharande, Managing Director – Pharande Spaces The Indian real estate sector is a crucible of economic growth and employment. The sector stands at a crossroads as the government prepares to present its Union Budget. Though it has massive potential, the Indian housing industry still faces numerous hurdles. To generate more growth and address the housing needs of the growing population, particularly in the low and mid-income segments, the budget must include tax breaks, regulatory reforms, and financial assistance measures. Affordable and mid-income housing Affordable and mid-income housing is…

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India’s first pilot project for underground coal gasification started in Jharkhand

Vijay Raman

The Ministry of Coal launched the country's first underground coal gasification (UCG) pilot project at Kasta coal block in Jharkhand's Jamtara district. Led by Eastern Coalfields Limited (ECL), the initiative aims to convert coal into methane, hydrogen, carbon monoxide and dioxide through in-situ gasification. These gases have wide industrial uses, including synthetic natural gas production, fuel and fertilizer synthesis, and explosives manufacturing, with the aim to revolutionise India's coal industry with sustainable applications. Ministry of Coal is fully committed to promote coal gasification projects and fully utilize the potential of…

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Infra-Red and Hyperspectral Image Sensor Market Sees Technology Roadmap to Lower Prices and Higher Volume

Vijay Raman

  Helping to make autonomous vehicles safe with cameras designed for low visibility or ensuring the best crop quality for farmers are just two benefits of short-wave infra-red (SWIR) sensing technologies and highlights their high versatility. SWIR sensors and hyperspectral imaging are two of the largest types of emerging image sensors, and IDTechEx predicts the market value will reach US$739 million by 2034, highlighting just how valuable the technology will be.   Autonomous Vehicles and SWIR   ADAS (advanced driver assistance systems) and autonomous vehicles use SWIR sensors to see in…

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