pr – Page 181 – THE ECONOMIC INDIA

06 Feb

Forming the future of manufacturing

Bengaluru (Karnataka) [India], February 6: IMTEX Forming 2024, organized by the Indian Machine Tool Manufacturers’ Association (IMTMA), was inaugurated on January 19, 2024, at the Bangalore International Exhibition Centre (BIEC), Bengaluru. Mrs. Geetanjali Vikram Kirloskar was invited as the Guest of Honour at the Inauguration Ceremony of IMTEX FORMING 2024. The exhibition was inaugurated by C K Venkataraman (MD, Titan Company Limited) and Geetanjali Vikram Kirloskar (CMD, Kirloskar Systems Limited). Jamshyd N Godrej (Chairman-Exhibitions, IMTMA), Rajendra S Rajamane (President, IMTMA), Mohini Kelkar (VP, IMTMA), and Jibak Dasgupta (DG & CEO, IMTMA, and BIEC) shared the dais at the inauguration. IMTEX Forming…

05 Feb

Lagnam Spintex Commences Commercial Production Ahead of Schedule

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New Delhi (India), February 5: Lagnam Spintex, a Rajasthan-based textile producer, announced that commercial production has begun on the 31st January 2024 at its substantially enlarged manufacturing plant, months ahead of schedule. The firm has invested Rs 218 crore to double its production capacity from 35 tons to 70 tons per day by installing 41,472 spindles for producing 100% cotton “Compact Yarn.” During trial production, Lagnam Spintex sold approximately 3,700 metric tons of yarn worth Rs 92 crore to leading domestic corporates and exported several containers overseas to countries including Europe, Bangladesh, Columbia, Egypt, Morocco and Peru. Exports accounted for over…

05 Feb

Komatsu India Unveils Unique Machine Care Program (MCP-5)

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Bangalore (Karnataka) [India], February 5: Komatsu India Private Limited (KIPL) and L&T Construction & Mining Machinery jointly unveil and bring to you the unique Machine Care Program (MCP-5), first-of-its-kindin the Indian construction equipment industry. This extended powertrain warranty program of 5 Years/12,500 Hours* is offered for the Komatsu Hydraulic Excavators that are produced in the state-of-the-art Komatsu’s manufacturing facility at Oragadam, Chennai, Tamil Nadu. Komatsu, a global leader in construction and mining equipment, has partnered with L&T Construction & Mining Machinery and introducing unique Machine Care Program (MCP-5) tailored specifically for Komatsu models PC205-10M0 and PC210/PC210LC-10M0 excavators, this comprehensive service…

02 Feb

Diver Palak Sharma selected for World Aquatics Championship 2024 in Doha

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Indore (Madhya Pradesh) [India], February 2: In a historic move, the Swimming Federation of India has selected a woman to lead the Indian diving team at the upcoming World Aquatics Championship 2024 in Doha, Qatar. The announcement of the Indian squad for the Championship was made by the Federation last evening. Palak Sharma, the first Indian female diver to clinch a gold medal in the Asian Age Group Championship, is set to make history as she leads the Indian team in Doha. The team also comprises London Singh, Surjeet Rajbansi and Wilson Singh. The team will be coached by Shenin…

02 Feb

From CEO to Export Pioneer: Francis Raxe’s Global Triumph Unveiled in Exclusive Podcast with Bhagirath Goswami

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Surat (Gujarat) [India], February 2: In a recent podcast, Bhagirath Goswami hosted Francis Raxe, an accomplished professional with over three decades of international experience. Originating from V Chisar, India, and Francis embarked on a diverse career, from FMCG to leadership roles in agriculture, oil and gas, and steel. Notably, he served as the CEO of Bridging Nations and as Chief Marketing Officer for a global steel company. Upon returning to India, Francis sought new avenues, leading him to the export business through Bhagirath Goswami’s Being Exporter program. Overcoming initial challenges, he successfully sent his first container after meticulous planning. Francis…

01 Feb

The Interim Budget for 2024 indicates a significant shift for India’s goal of achieving Net Zero status – Mr. Deepak Rai, Managing Director Of Bootes- India’s First Net Zero Company

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New Delhi (India), February 1: “The Interim Budget for 2024 indicates a significant shift for India’s goal of achieving Net Zero status. The country is poised for a surge in both residential and commercial construction, with the third highest rate of green building growth in the world. By 2027, the construction market in India is projected to reach Rs.117 trillion, with an expected compound annual growth rate of 17-21% from 2022-2027. Investments in infrastructure, particularly roads and railways, are set to increase significantly, with expected year-on-year growth rates of 21% and 15%, respectively, supported by capital outlay from both the…

30 Jan

Varmora Plastech Unveils Family-Centric Products Catering to Diverse Needs

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Varmora Plastech Private Limited Ahmedabad (Gujarat) [India], January 30: Varmora Plastech, a member of the Varmora Group, is proud to announce their groundbreaking range of homeware products that seamlessly blend innovation with aesthetics and cater to the dynamic and evolving needs of modern families. Since their inception in 1993, they have been committed to setting new standards of excellence in plastic homeware products, redefining the norm for plastic, which was generally frowned upon by health-conscious consumers. This has been made possible by their relentless pursuit of quality and innovation, and the launch of their extensive range of safe and non-toxic…

30 Jan

BigBloc Construction Ltd reports Net Profit of Rs. 8.6 crore in Q3FY24, rise of 11.7% Y-o-Y

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Mr. Narayan Saboo, Chairman & Managing Director, BigBloc Construction Ltd The company has declared 2nd interim dividend of 10%, Rs. 0.20 per share for FY23-24; The majority of the Promoter Group continued to waive their dividend rights Surat (Gujarat) [India], January 30: BigBloc Construction Limited, one of the largest manufacturers of Aerated Autoclaved Concrete (AAC) Blocks, Bricks, and Panels in India has reported consolidated net profit of Rs. 8.6 crore (PAT margin 13.98%) for Q3FY24, growth of 11.69% Y-o-Y as compared to the net profit of Rs. 7.70 crore (PAT margin 15.56%) in Q3FY23. Revenue from Operations during Q3FY24 ended…

30 Jan

DISYS Rebrands as Dexian, aims to strengthen staffing and business solutions for clients

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Chennai (Tamil Nadu) [India], January 30: Dexian, a pioneer in the workforce solutions, IT, and staffing industries, is pleased to announce that its DISYS operations in India have been rebranded as Dexian India and are now a part of the Dexian global brand. This move is part of Dexian’s strategy to solidify its global brand identity and showcase the availability of the company’s comprehensive platform of staffing and business solutions for clients in countries and regions around the world, now including India. Dexian operations in India began in 2011. After more than 12 years of operation and expertise in India, the company now has offices in…

30 Jan

Leadership Federation has announced Middle East Asia Leadership Awards 2024 in Dubai

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New Delhi (India), January 30: Leadership Federation is a beacon of leadership excellence that surpasses boundaries and industries on a global scale. It was established in 2016 with a singular goal to cultivate a culture of exceptional leadership, inspire innovation, and honor authentic leaders who are making a significant impact in various sectors worldwide. This journey reached its pinnacle at the Middle East Asia Leadership Awards held in Dubai on the 20th of January, where luminaries from different corners of the world were recognized. The event, hosted by Leadership Federation, provided an unparalleled opportunity for networking among industry leaders and aspiring…