[ad_1] Propel Industries plans to invest ₹300 crore in the next three years to increase production of electric vehicles for the mining sector. V. Senthilkumar, its Managing Director, said the Coimbatore-based company has two electric vehicles (tipper models) in the market for the last two years and launched four more at Excon 2025. “Of the […]
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[ad_1] The textile industry is expecting an announcement soon on a revised Production Linked Incentive (PLI) scheme for the sector, with focus on manmade fibre (MMF) textiles. Union Minister for Textiles Giriraj Singh recently posted on X, “From expanding opportunities to smoother implementation, the PLI Scheme is now more dynamic than ever. With new reforms, […]
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[ad_1] Koot, a Coimbatore-based engineering solutions startup for pump and motor manufacturers, has plans to expand its global operations. According to a press release, Koot, an industry-first platform in the pump and motor sector, spanning engineering design, research, development, and precision manufacturing services, has established technology and support centres in Germany, the U.S., and India, […]
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[ad_1] Taiwan plans to launch its “Ten Major AI Infrastructure Projects” initiative, aimed at generating more than T$15 trillion ($510 billion) in economic value by 2040 as it strives to become a global leader in artificial intelligence.Premier Cho Jung-tai said in a Facebook post late on Tuesday that Taiwan aims to leverage its information and […]
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[ad_1] Stargate, a multi-billion-dollar effort by ChatGPT’s creator OpenAI, SoftBank and Oracle to supercharge the U.S.’ AI ambitions is now setting the more modest goal of building a small data center by the end of the year, likely in Ohio, the Wall Street Journal reported on Monday. In January, U.S. President Donald Trump hosted top […]
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[ad_1] Sanathan Textiles will commission a greenfield polyester filament yarn (PFY) production unit in Punjab in the next four to six weeks, said Sammir D. Dattani, Executive Director. The plant that is coming up with almost ₹2,100 crore investment in the first phase will have a capacity to produce 2.4 lakh tonne of yarn annually […]
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[ad_1] Tesla will open its first India showroom in Mumbai next week, having imported $1 million worth of cars and merchandise, marking its entry into the world’s third-largest car market despite CEO Elon Musk’s complaints about high import tariffs. In an invitation to media late Thursday, the carmaker said the July 15 event was the […]
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[ad_1] Renaatus Procon, a subsidiary of Renaatus Group, is investing ₹250 crore in the first phase in Andhra Pradesh to set up a plant for production of fibre cement boards. R.P. Selva Sundaram, Chairman and Managing Director of the Group, told the media in Coimbatore on Thursday that the plant, which will be commissioned in […]
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[ad_1] ZF Wind Power has inaugurated a 13.2 MW test rig in Coimbatore for gearboxes and powertrains. The company said in a press release that the capability of the test rig included real-time simulation of field conditions and torque reversal cycles, supporting validation up to 20 MNm. ZF Wind Power in India has so far […]
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[ad_1] OpenAI and Microsoft are rewriting terms of their multibillion-dollar partnership in a negotiation designed to allow the ChatGPT maker to launch a future IPO, while protecting the software giant’s access to cutting-edge AI models, the Financial Times reported on Sunday. A critical issue is how much equity in OpenAI’s new for-profit business Microsoft will […]
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