Replacement demand which was impacted due to lockdowns and restricted movement of people and freight will recover gradually. Mumbai: The automotive components sector will see revenue rebound 21 to 23 per cent next fiscal as domestic and export demand revives after two straight contractions, a Crisil research analysis shows. Higher margins will lift operating profits… Continue reading Autocomp sector set for a rebound after two tough fiscals: Crisil
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India’s construction equipment sector headed for washout in Q1 FY2022
Demand for new construction equipment, already in free-fall mode over the past few weeks, may crash up to 75 percent by end-May if the surge in Covid infections continues unabated. According to Sandeep Singh, Managing Director of Tata-Hitachi Construction Machinery, even use of existing machinery is tumbling across construction sites and could be impacted by… Continue reading India’s construction equipment sector headed for washout in Q1 FY2022
India Auto Inc does its bit, fights the pandemic with the government
In the wake of the second wave of the Covid-19 pandemic, the Indian automotive industry is doing its bit for the country, which is battling challenges on several fronts. Vehicle and component manufacturers under the auspices of the Society of Indian Automobile Manufacturers (SIAM) and Automotive Component Manufacturers Association (ACMA) have joined forces to support… Continue reading India Auto Inc does its bit, fights the pandemic with the government
Volvo develops alerts that warn of electric trucks’ sound of silence
The sounds are designed to not penetrate through walls, to allow for quiet nighttime deliveries and contribute to better working conditions. Volvo Trucks has developed an acoustic alert system with unique sounds for its electric truck models. The Volvo- designed alert will increase safety by making pedestrians, cyclists and other road users aware of approaching… Continue reading Volvo develops alerts that warn of electric trucks’ sound of silence
Beloved Jamestown S’Klallam councilmember perishes in car crash – Port Townsend Leader
Kurt Grinnell Kurt Grinnell, a longtime councilmember of the Jamestown S’Klallam Tribe and head of the tribe’s Aquaculture Program, died Tuesday, April 20, in a car crash near Port Angeles. Deputies from the Clallam County Sheriff’s Office responded to a single-vehicle crash in the 1400 block of Mount Pleasant Road around 4 p.m. and found… Continue reading Beloved Jamestown S’Klallam councilmember perishes in car crash – Port Townsend Leader
Speed, distraction factors in Grinnell crash – Peninsula Daily News
PORT ANGELES — Jamestown S’Klallam Tribal Council member Kurt Grinnell was speeding southbound on Mount Pleasant Road last month with a cellphone videoplayer turned on, propped on the dashboard, when his vehicle veered off the roadway in a fatal wreck, a Clallam County crash expert said Friday. Sheriff’s Office collision reconstructionist Josh Ley said Grinnell,… Continue reading Speed, distraction factors in Grinnell crash – Peninsula Daily News
@BMW: The Pure&Crafted Festival initiated by BMW Motorrad will return to Berlin from 17 to 18 September 2021.001160
Munich/Berlin. Launched in Berlin in 2015 and initiated by BMW Motorrad, the Pure&Crafted Festival will return to the banks of the Spree river in 2021.This year, BMW Motorrad will once again be the title sponsor of the event.For the first time, the event will be held in the Berlin trade fair’s event-proven Summer Garden, which… Continue reading @BMW: The Pure&Crafted Festival initiated by BMW Motorrad will return to Berlin from 17 to 18 September 2021.001160
India: Engineering firm Onward Tech to raise $9.6m from PE investor Convergent Finance …
Digital and engineering services company Onward Technologies Ltd on Thursday said its board has considered and approved raising Rs70.2 crore from funds advised by Convergent Finance LLP, a private equity investment firm founded by former Fairfax India head Harsha Raghavan. Onward Tech is a niche digital and engineering services company which provides mechanical engineering, electronics… Continue reading India: Engineering firm Onward Tech to raise $9.6m from PE investor Convergent Finance …
Fosun leads funding in Yunphant Blockchain and 10 more updates from Greater China
ResearchPremium Hangzhou-headquartered smart blockchain services developer Yunphant Blockchain has closed its Series B round of financing, raising a corpus of over 100 million yuan ($15 million), it said on Thursday. The round was led by Fosun Fanyi Fund, a sub-fund of Chinese conglomerate Fosun International. Return investor Shenzhen Capital Group along with new backer Hangzhou… Continue reading Fosun leads funding in Yunphant Blockchain and 10 more updates from Greater China
Indian payments giant Paytm said to have kick-started work on $3b domestic IPO
Vijay Shekhar Sharma’s Paytm, one of the highest valued Indian technology companies, has thrown its hat in the ring for a domestic initial public offering (IPO), said two people aware of the development. The Softbank, Alibaba and Berkshire Hathaway backed payments company has appointed investment banks and lawyers to start working on its Indian IPO,… Continue reading Indian payments giant Paytm said to have kick-started work on $3b domestic IPO