INTRALOGISTICS
Godrej family split: Adi, brother to keep listed firms; cousin Jamshyd to get unlisted cos, land bank
As per the arrangement that was uploaded on stock exchanges, Jamshyd Godrej, along with his niece Nyrika Holkar and their families, will now oversee the Godrej Enterprises Group (GEG), encompassing Godrej & Boyce and its affiliates spanning various industries. This development marks a significant change in control within the organisation.
Siemens to acquire drive technology division from ebm-papst
Germany-based ebm-papst, which makes electric motors and high-tech fans, wants to concentrate on air and heating tech and had therefore put the division with 650 employees up for sale.
Indian logistics market to grow at 8.8% annually to $484.43 bn by 2029
The Indian freight and logistics market is projected to grow at an annual rate of 8.8% to reach USD 484.43 billion by 2029, up from USD 317.26 billion in 2024, according to a report released at the LogiMAT India logistic fair. Organized by Messe Stuttgart India Pvt Ltd, the event highlights technological advancements driving this growth, including intralogistics, automation, warehousing, and transportation management.
Q3 Review: Siemens, SBI among top 2 stocks that could give 12-14% return in next 12 months
The aggregate earnings of the MOFSL Universe companies exceeded our expectations and rose 29% YoY (vs. our est. of +19%).
LogiMAT India ties up with Gati Shakti Vishwavidyalaya to boost skill development, job creation
The logistics industry in India is one of the largest employment sectors, providing livelihoods to over 22 million people, and the sector is estimated to add 1 crore jobs by 2027, LogiMAT said in a statement.
Love Is Blind Season 6 trailer unveils intense love triangle drama ahead of Valentine's Day premiere
With Valentine's Day on the horizon, Netflix has unveiled a captivating trailer for the eagerly awaited sixth season of Love Is Blind. Scheduled for a premiere in February Love Is Blind Season 6 assures a tumultuous ride of emotions.
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Messe Stuttgart India partners with Startup India to boost ecosystem for logistics ventures
Global exhibitor Messe Stuttgart India is holding LogiMAT India exhibition at India Expo Mart, Delhi NCR, from February 28 to March 1. It is the satellite show of Europe's biggest intralogistics exhibition, LogiMAT Stuttgart, the statement said.
ET Soonicorns Summit 2023: Tech-led disruptions set the tone for the future as startups make a compelling case for Innovation 2.0
The Delhi-NCR leg of the ET Soonicorns Summit 2023 provided a rare platform for startup founders to showcase how they are catering to underserved segments in finance, redefining the supply chain, accelerating the EV momentum and more. As part of the ‘Soonicorns Spotlight’ track, each of the startup founders provided a glimpse into their journeys, decoding the problems they identified and the solutions they built. Together, they painted a vision for the future where businesses are leveraging new technologies, especially AI, robotics and IOT to transform traditional sectors and services, and creating for a new generation of Indians and beyond.
Wipro Enterprises to acquire a majority stake in Italy-based Ferretto Automation
Ferretto Automation & Services specialises in the design and manufacture of automated storage systems. It manufactures a full range of state-of-the-art intra-logistics automation solutions for all storage (ASRS - Automated Storage and Retrieval Systems), handling and distribution needs.
Wipro Pari makes strategic investment to acquire significant majority of Ferretto Automation & Services
Wipro Pari, the industrial automation business of Wipro Enterprises, has agreed to acquire a majority share capital of Ferretto Automation and Services, a subsidiary of Ferretto Group in Italy. This acquisition will allow Wipro to expand its offerings beyond in-factory automation solutions and into industrial, CPG, retail, and e-commerce warehousing, storage, and automation solutions.
Siemens unveils first industry-ready 5G routers in India
Industrial manufacturing major Siemens on Thursday announced the launch of private industrial 5G router, a critical component for the manufacturing industry in its digital transformation journey.
Electric vehicle transformation to net India investments worth $300 billion
"At the same time, there's not enough batteries. So, there's battery manufacturing being built in the world. There's a lot of semiconductor capability being rebuilt. Also, the F&B segment is trying to reinvent itself because of supply-chain and in terms of sustainability. In India, intralogistics is also one segment," Neike said.
Robotics and Automation to drive economic growth in Dubai
"The market potential is very high. In Dubai Silicon Oasis, we are planning to build a full ecosystem for robotics, consisting of international companies, startups, and students. In this environment, they will be able to participate in specialized events, create new ideas, and tackle challenges... This is our first initiative to build the robotics ecosystem within Dubai," said Ghanim Alfalasi, Senior Vice President of Dubai Silicon Oasis.
How Siemens is enabling digital transformation of businesses through its specialized technology
What you need to know about Siemens Xcelerator Programme and how it can help accelerate the digital transformation of businesses of all sizes, including Indian MSMEs.
Addverb gets $1 billion robot order from Reliance
The robots will be deployed in Reliance Industries’ (RIL’s) Jamnagar refinery, a TOI report quoting sources said. They can be operated out of Mumbai, which will allow RIL to experiment with 5G tech.
IPO-bound Delhivery invests in logistics automation startup Falcon Autotech
Delhivery said the deal is in line with its strategy to invest in “future-ready” hardware solutions in its operations. The investment is likely to range between $20 million and $30 million.
Delhi HC halts Amazon-Future arbitration; 3rd arrest in ‘Bulli Bai’ case
On Wednesday, the Delhi High Court agreed with Future and put the arbitration on hold.
Godrej & Boyce to create efficient warehouses by digitally enabling operations
Godrej & Boyce operates in the warehousing industry through its businesses, which include Godrej Storage Solutions, and Godrej Material Handling and its joint venture with Germany-based Korber AG - Godrej Korber. From automated intra-logistics solutions to manufacturing of lift trucks and custom racking solutions with seismic capabilities, Godrej & Boyce is poised to offer an integrated solution for the warehousing industry in India, converting Grade B and C warehouses to structured, automated warehousing facilities.
Current setbacks temporary, Indian manufacturing set for success in long-term: ETILC Members
Most companies expected that the good run that they had towards the end of calendar year 2020 would continue in 2021.
Wipro leverages deep-tech startup Wesense.ai to launch product to tackle Covid-19
The device, which comes with cloud data storage and data analytics dashboard, ensures adherence to safety compliance in the workplace to meet statutory and regulatory compliance for Covid-19, said the company in a press release.
Breaking shackles: How GST ended the era of captive warehousing
The Indian warehouse industry is booming with supply, which was a limited commodity earlier, increasing with every year that passes.
Odisha approves investment of Rs 846 crore
The Odisha government today accorded in-principle approval to four companies to invest Rs 846 crore, which will provide direct employment to more 1,000 people in the state.
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