Category: Uncategorized

L&T Technology Services (BSE: 540115, NSE: LTTS), a leading global player in Engineering and R&D services, and FORVIA, 7th global automotive supplier, signed a strategic partnership – which represents a contract of approximately €45 million – on Engineering development activities for the benefit of its Clean Mobility division. As part of this five-year partnership, approximately 300 engineers from FORVIA’s Augsburg (Germany) and Bangalore (India) sites, have transferred to LTTS. This represents a 95% transfer success rate securing the skills of these teams who will develop internal combustion engine related engineering activities from within LTTS. With LTTS at the helm, these ... Read more

Chief executive officers (CEOs) and chief financial officers (CFOs) need to build trust in artificial intelligence (AI) by taking steps in their organisations to manage the associated risks, underscores ACCA. As AI plays a greater role in the accounting and financial reporting of businesses, CFOs and financial controllers will have to be confident about the adequacy of oversight and controls of AI systems. In the first in a series of insights, AI monitor: trust, ACCA (the Association of Chartered Certified Accountants) urges finance professionals to ensure that AI governance and AI risk management is in place, beginning with: Investing in ... Read more

Addverb, a global leader in robotics and automation, releases its first Sustainability Report titled ‘Technological Ecology’. The report is produced in accordance with GRI Universal Standards and incorporates Environment, Social, and Governance (ESG) factors underscoring Addverb’s unwavering dedication to sustainability and commitment. Reporting initiatives from January 1st to December 31st, 2023, the report showcases Addverb’s commitment to Technological Ecology, aiming to reduce ecological impact while contributing to the planet’s well-being.   The report can be accessed on the Company’s website. Commenting on the release of the report, Mr. Sangeet Kumar, Co-founder and CEO, Addverb said, “Addverb harnesses solar energy, employs ... Read more

RX India, a renowned organizer of B2B trade exhibitions and events, is proud to announce the launch of the India Paper Expo (IPE). A three-day Expo is scheduled to take place from September 25th to September 27th,2024 at Bombay Exhibition Centre, Mumbai, the India Paper Expo promises to be a comprehensive platform for stakeholders in the paper and pulp industry. The show shall be co-located with India Corr Expo & India Folding Carton for this year’s edition. RX India anticipates a collective participation of over 10,000 industry experts in attendance collectively from the 3 trade shows.   The core objective ... Read more

Avaada Energy, the renewable energy arm of Avaada Group, is pleased to announce that it has secured Green Financing of about INR 1,190 crore (~USD 143 million) from India’s largest public sector lender, the State Bank of India (SBI). This financing will support the development of a 400 MWp utility-scale solar PV power project in the Surendra Nagar district of Gujarat. This project underlines Avaada’s commitment to expanding its footprint in renewable energy, leveraging strategic financing to foster growth and innovation. The entire power generated from the project will be procured by Gujarat Urja Vikas Nigam Limited (GUVNL), an apex ... Read more

Delhivery, India’s largest fully integrated logistics service provider, has rolled out a 100% women-led hub in Sikar, Rajasthan. The entire operations of this Sikar hub will be managed by an all-female staff. This is another step towards Delhivery’s objective of promoting greater enrollment and empowerment of women in the logistics industry and also advancing overall diversity within the company. The company had earlier successfully scaled women’s participation at its gateways in Tauru (Haryana), Bhiwandi (Mumbai), and other locations in India. Women already constitute 66% of the total workforce at the processing center in Tauru. Following these successes, many more such ... Read more