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Sany Bharat signs MOU with Union Bank of India

The network of Union Bank will extend equipment finance to customers of Sany Bharat across the country

Forging and components industry to experience 60% decline due to electric vehicles: AIFI

The Association of Indian Forging Industry (AIFI) has witnessed a challenging time in the first half of 2022 as a result of increased input costs, particularly steel, aluminum, and nickel prices.

Components industry to witness 60% decline due to EVs: AIFI President

AIFI has expressed concerns to the government over high steel, aluminum, and nickel prices, as the increase in steel prices has damaged the Indian forging industry

Forging and components industry to experience 60% decline due to electric vehicles: AIFI

• The increase in steel, aluminium, and nickel prices have hammered the industry in India

Budget 2022: Increased capex outlay for infrastructure development to drive demand for CE

The industry also welcomed the government’s efforts to mitigate the financial challenges of the MSME sector.

1st IIEF lauds innovations in 5 categories

Industrial Products Finder (IPF), India’s largest circulated industrial magazine in its 49th year, virtually hosted First IPF Industrial Excellence Forum (IIEF) which comprised of two major segments— Conference and 5th IPF Industrial Excellence Awards, on January 15, 2021.

NCL sets up SARAS to promote innovation

Coal India's flagship subsidiary Northern Coalfields (NCL) has set up the Science and Applied Research Alliance and Support (SARAS) to promote innovation, R&D and skill development along with improving the company's operational efficiency and utilise resources at optimum level.

Srei Equipment Finance, UCO Bank to co-lend through iQuippo platform

Srei Equipment Finance (Srei Equipment), a wholly-owned subsidiary of Srei Infrastructure Finance (Srei), and UCO Bank, one of India?s premier public sector banks, announced a strategic alliance to offer joint loans for purchase of construction and mining, farm and medical equipment under a co-lending arrangement.

NCL sets up SARAS to promote innovation and R&D

Coal India?s flagship subsidiary Northern Coalfields (NCL) has set up a centre named Science and Applied Research Alliance and Support (SARAS) to promote innovation, Research & Development (R&D) and skill development along with improving the company?s operational efficiency and utilise resources at optimum level.

Weld India 2020 to showcase innovations

The Indian Institute of Welding (IIW) - India?s Mumbai Chapter is hosting the fifth International Welding Congress and 13th Weld India Exhibition of the country in association with the International Institute of Welding from February 6 to 9, 2020 in Navi Mumbai on the theme: Advanced welding technology and quality systems for developing economies.

Srei Equipment, United Bank to jointly offer loans

Srei Equipment Finance (Srei Equipment), a wholly-owned subsidiary of Srei Infrastructure Finance (Srei), partnered United Bank of India to jointly offer loans to MSME sector and retail customers under a co-lending arrangement.

Hallelujah! It's raining orders

The larger picture of various market researches shows growth for the construction equipment (CE) industry.

Budget 2018-19: Infrastructure, Rural Development key

Infrastructure development has been one of the top priorities of the Union Budget 2018-19 presented by the Finance Minister Arun Jaitely in Parliament on February 1. Major investments and allocations are in roads, railways and rural development including agriculture and rural economy. Urban infrastructure development has also received a boost with the allocation for Smart Cities mission.

A Constructive Budget

The construction equipment segment in India has something to cheer about from the Budget measures such as more fund allocation to rural roads and highways construction, and announcement of infrastructure status to affordable housing.

Budget Reaction | Schwing Stetter

There are many positives in this year?s Budget. Sufficient thrust has been given for the sectors across Transport, Infra-structure development including rail road, highways, PMGS program etc. Reduction in the holding period for long term capital gain from 3 years to 2 years and advancing the base year for calculating the indexation for cost of acquisition from 1981 to 2001 are most welcome and could provide a boost to the real estate sector.

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