Author: NNI Editor

Mr. Sandeep Chaudhry with Mr. Ricardo Maciel Tecumseh Products Company LLC, a global innovator in commercial refrigeration technologies, has unveiled the expanded AL Series Compressor platform that offers up to 25% greater energy efficiency, resulting in substantial energy savings.“The AL Series is a testament to our commitment to energy efficiency and sustainability. This compressor platform reaffirms our leadership in refrigeration technology, delivering industry-leading performance, low noise levels, and long-term reliability,” Ricardo Maciel, President & CEO of Tecumseh Products Company said.“As the demand for high-efficiency refrigeration continues to grow, we are introducing the AL Series to the Indian market, enabling businesses to optimize…

India’s import of machinery and equipment from Germany in 2024 increased 2.6% to 4,298 million Euros, according to VDMA, an organisation for the machinery and equipment manufacturing industry in Germany and Europe.India constitutes 2.2% of Germany’s total export of machinery and equipment.However, export of machinery from India to Germany fell 4.9% in 2024 compared with the previous year.German machinery and equipment manufacturing companies exported goods worth 199.6 billion Euros in 2024, which was 5% (nominal) lesser than the exports during 2023, VDMA said in a press statement. Adjusted for prices, machinery exports were 7.1 % below the previous year’s level.Germany’s…

Sunil Bharti Mittal, Founder and Chairman of Bharti Enterprises, receives the Honorary Knighthood medal (as Knight Commander of the Most Excellent Order of the British Empire – KBE) from the British High Commissioner to India, Lindy Cameron, at a special investiture ceremony in New Delhi. | Photo Credit: Special Arrangement Sunil Bharti Mittal, Founder and Chairman of Bharti Enterprises, has received the insignia of the Knight Commander of the Most Excellent Order of the British Empire (KBE).He was presented the medal on on Friday (February 21, 2025) for the award that was received last year, with presence of friends and…

Apparel exports to Spain registered a 19.7% growth for the April-January 2024-2025 period compared with the same period the previous year.According to Mithileshwar Thakur, secretary general of the Apparel Export Promotion Council (AEPC), export of readymade garments rose 11.6 % during April 2024-January 2025 over the corresponding period the previous fiscal, “despite global headwinds, geo-political challenges and supply chain disruptions.”Garment shipments to the U.S. rose 13.8% and to the U.K., the growth was 8.9%. Exports increased to Germany too. However, the highest growth was to Spain. “Substantial growth is visible even in old and new FTA partner countries such as…

Generic drugmaker Granules India is foraying into the peptide segment and contract development and manufacturing organisation (CDMO) business with a ₹192.5 crore (CHF 20 million) acquisition of Swiss firm Senn Chemicals AG.Founded in 1963 and headquartered in Dielsdorf, Switzerland, Senn is focused on custom peptide manufacturing and supports global clients across pharmaceuticals, cosmetics and theragnostic industries, from early development to commercial production. The closing of the acquisition is subject to certain conditions and expected in first half of 2025, Granules said in a filing on Friday.The acquisition brings Senn’s expertise in Liquid-Phase Peptide Synthesis (LPPS) and Solid-Phase Peptide Synthesis (SPPS),…

Even as the Economic Survey 2024-25 called out corporate India for wage growth flagging while profits soared in recent years, the head of India’s apex industry chamber has noted that businesses are regularly hiking salaries but recent wage trends may not be strictly comparable with the past due to an increasing ‘Servicification’ of manufacturing.“Wage revisions have been happening regularly based on relevant industry surveys and inflation data, and it is also imperative that these revisions happen, because otherwise industry will not be able to retain talent,” Confederation of Indian Industry (CII) president Sanjiv Puri told The Hindu. On the concerns about wage…

Industry body Association of Mutual Funds in India (AMFI) has launched three initiatives — SIP for smaller investments, Tarun Yojana to encourage young investors and MITRA to help track and recover forgotten investments. These initiatives align with markets regulator Securities and Exchange Board of India (SEBI) and AMFI’s ongoing efforts to democratise mutual fund investments, ensuring wider participation across diverse segments of society. A ₹250 systematic investment plan (SIP) is a sachetisation of mutual fund (MF) designed to make MF investing more accessible, especially for first-time investors and those from underserved segments. The Tarun Yojana seeks to integrate financial literacy…

Abhinandhan Lodha and Abhishek Lodha.  | Photo Credit: The Hindu The ongoing legal spat between the Lodha brothers over using “Lodha” brand has once again brought the question to the limelight — can a family surname be monopolised as a trademark and if so, who has the rightful claim? The Lodha vs. Lodha Intellectual Property Right (IPR) dispute case has been referred to a court-appointed mediation process. The warring brothers may not budge easily given that owning a brand name can mean owning the market itself.While this may seem like a classic family dispute, Indian courts have ruled on similar…

Balrampur Chini Mills Limited (BCML) has announced to set up a Polylactic Acid (PLA) biopolymer manufacturing unit at Kumbhi, Uttar Pradesh with an investment of ₹2,850 crore. It will be funded through 40% equity and 60% debt. The company said it would be India’s first such integrated biopolymer plant that will help in replacing single use plastic. The ground breaking ceremony was conducted by Uttar Pradesh Chief Minister Yogi Adityanath. To come up adjacent to the company’s existing sugar factory in Kumbhi, Uttar Pradesh the unit will be operational in October 2026 and will source its raw material from the sugar mill. “It is expected…

Artson Engineering Limited signed an Expression of Interest with the Kerala Government on February 22, 2025, the second day of the Kerala Global Investment Summit. | Photo Credit: The Hindu Artson Engineering Limited, under the Tata Projects Limited, will invest ₹500 over the coming years in a Joint Venture (JV) with Malabar Cements to establish a facility for building boats with capacity of less than 100 tonnes.The boat-building facility is expected to come up on a plot leased by the Malabar Cements for clinker imports on Kochi Port Authority land on Willingdon Island.The engineering company signed an Expression of Interest with the Kerala…