Jim Shaw Monolith, artificial intelligence (AI) software provider to the world’s leading engineering teams, has made a key US-based management appointment to satisfy growing auto industry demand for AI-guided battery test and validation software. Jim Shaw, a former National Instruments (NI) and Diversified Technical Systems (DTS) sales leader, has been appointed as Head of Sales,… Continue reading Monolith appoints Jim Shaw as head of sales in North America
Author: Economic Times of India Online News
India’s EV revolution is driven from the bottom up
Representative image. Life moves pretty fast. That’s especially true in India’s booming cities. A decade ago, the country’s iconic auto-rickshaws had three wheels and a diesel engine. Battery-powered versions existed, but only enough to be seen as a novelty and unregulated threat. Officially, just 12 e-rickshaws were sold nationwide in 2014. How far we’ve come.… Continue reading India’s EV revolution is driven from the bottom up
Limestone deposits would be split to facilitate entrepreneurs to afford upfront money for setting up cement plants: Harshwardhan Chauhan
He said that INR 15 lakh each has been given for developing playgrounds in all the assembly constituencies. Industries Minister Harshwardhan Chauhan on Monday said the investors are not coming forward to set up cement plants in Himachal Pradesh due to high upfront money and the government has decided to split the limestone deposits to… Continue reading Limestone deposits would be split to facilitate entrepreneurs to afford upfront money for setting up cement plants: Harshwardhan Chauhan
IIOTM2024: India is poised to become manufacturing powerhouse: Cisco’s Daisy Chittilapilly
Daisy Chittilapilly, President, Cisco India & SAARC New Delhi: India will become a manufacturing powerhouse, and the government has made aggressive plans to realise that vision, said a top executive of the US multinational Cisco Systems. “India is poised to become a manufacturing powerhouse. The government has made aggressive plans,” Daisy Chittilapilly, president, Cisco India… Continue reading IIOTM2024: India is poised to become manufacturing powerhouse: Cisco’s Daisy Chittilapilly
India closes in on Oman trade deal as Mideast ties strengthen
Oman wants better access for goods such as downstream petroleum products, fertilizer and iron and steel products among others, the people said. India and Oman are close to concluding talks on a trade deal that will allow easier access of goods and services into each other’s markets, officials familiar with the matter said, further cementing… Continue reading India closes in on Oman trade deal as Mideast ties strengthen
Tamil Nadu’s VOC Port will be India’s first green hydrogen hub: Sarbananda Sonowal
The SCI will convert the existing two ships to run on green hydrogen and it has been targeted to convert at least 50% of all tugs into green tugs by 2030, he said. The VOC Port at Tuticorin in Tamil Nadu will become India’s first green hydrogen hub as it will develop an ecosystem of… Continue reading Tamil Nadu’s VOC Port will be India’s first green hydrogen hub: Sarbananda Sonowal
IIOTM2024: India aims to grow electronics production to USD 1 tn in 5 years, says S Krishnan
S Krishnan, secretary, Ministry of Electronics and IT (MeitY) The Ministry of Electronics and IT (MeitY) secretary S Krishnan Tuesday said that the government aspires to grow electronics manufacturing to USD 1 trillion in the next five years. “India’s electronic manufacturing is worth USD 100 billion a year. About USD 200 billion to USD 250… Continue reading IIOTM2024: India aims to grow electronics production to USD 1 tn in 5 years, says S Krishnan
Russian rouble strengthens to one-week high vs dollar
The dollar-denominated RTS index was up 3.3% to 1,099.4 points. The rouble-based MOEX Russian index was 2% higher at 3,206.5 points. The Russian rouble surged to a one-week high against the dollar on Monday, as a favourable month-end tax period approached its peak and the market opened for the first time since the latest Western… Continue reading Russian rouble strengthens to one-week high vs dollar
US takes lead as top supplier to Europe for crude, diesel and LNG
“The U.S. is in top position on basically all the key commodities that Europe needs to buy,” Kpler crude analyst Viktor Katona said at an industry event in London. The United States has taken the top spot as Europe’s supplier of crude oil, diesel, and liquefied natural gas (LNG) in recent months, capitalising on reduced… Continue reading US takes lead as top supplier to Europe for crude, diesel and LNG
EU awards Italian energy groups USD 402 mn for green hydrogen
Green hydrogen, which is produced using renewable forms of energy, is due to replace fossil fuels in some energy-intensive industries in the EU as the bloc moves to cut carbon emissions. The European Commission has awarded financing of up to 370 million euros (USD 402 million) to set up a ‘Green Hydrogen Valley‘ in Italy’s… Continue reading EU awards Italian energy groups USD 402 mn for green hydrogen