Harman International (India) Pvt Ltd is a wholly owned subsidiary of Harman International Industries Inc, was established in the year 2009 and has a research and development centre that provides support to the company's global business. The development centre was set up to broaden Harman's engineering footprint for developing audio and infotainment solutions for automotive, professional and consumer lifestyle markets. Ever since then, the company has evolved into a popular organization, with a strong focus on the nation from the point of view of a market and research & development. The company has its headquarters in Bangalore and has a rapidly growing employee base. They also have a strong distributor and sales network with improving service network and a huge client list. The company has made significant investments in the country market to offer Indian customers with customized audios. The company was established with two large centres in Pune and Bangalore. The centres consists of engineering, product development and competency centres with three divisions: lifestyle, infotainment and telematics. The company has established a manufacturing facility in and a state of the art acoustics lab in Pune. The first phase of the manufacturing facility will be focusing on the production of next generation audio and infotainment centres for TATA and Fiat projects. The company is committed to developing and delivering solutions that embrace innovation, better value and an unmatched customer experience. They achieved this by fostering a culture of employee empowerment and creativity that is mixed with integrity and accountability. The long list of products that are manufactured by the company includes: home theater, speakers, computer speakers, portable speakers, headphones, speaker docks, audio video receivers and luxury audios.
India has launched the National Green Hydrogen Mission, which was approved by the Union Cabinet in January 2022, with the objective of making the country a leading producer and supplier of the green fuel.
Science has made it clear that emissions from coal power -- the dirtiest fossil fuel -- are the single largest contributor to the climate crisis.
Honda Motorcycle & Scooter India (HMSI) on Friday said it is recalling a certain number of H'ness CB350 and CB350RS units to inspect and replace faulty parts. It has been identified that due to an improper process being followed to manufacture the rubber parts of rear stop light switch there are chances of crack development on the rubber, the two-wheeler maker said in a statement.
The official added that inter-ministerial discussions have happened on the customs duty concession demand of the US-based electric car maker Tesla, but "we never" come to any conclusion on those.
India's Russian oil imports rebounded in November after several plants came back online from planned maintenance and as fuel consumption rose during the Diwali festive season, preliminary data from ship-tracking firms Kpler and Vortexa showed.
This is despite the raw material (crude oil) cost surging last year, leading to heavy losses in the first half of 2022-23 fiscal year before easing rates propelled them to profitability.
Gujarat currently contributes 15% to India’s RE capacity and is one of the fastest growing renewable energy-producing regions. The state government announced a land allotment policy that offers benefits to companies investing in green hydrogen projects.
The company, which currently transacts 200 crores annually and operates in six states, is setting its sights on a fortyfold growth over the next five years.
The firm -- also known by its official name Hon Hai Precision Industry -- is the world's biggest contract electronics manufacturer and assembles devices for many companies, most notably Apple's iPhones.
India, already a signatory to the Montreal Protocol on reducing use of Hydro Fluoro Carbons (HFCs) and other coolants used in refrigeration and air conditioning, feels there is no requirement for yet another framework on the same. Similarly, the Coalition for High Ambition Multilevel Partnership (CHAMP) proposed for COP 28 has not enthused India much.
"We have raised under USD 2 million over a period of time, and we are looking to raise USD 5 million now because our primary interest is to invest in technology and people.
An India-EU Memorandum of Understanding (MoU) on semiconductors was signed on Friday, ahead of the Trade and Technology Council meeting in New Delhi.
"The file pertaining to the the Delhi Motor Vehicle Aggregator and Delivery Service Provider Scheme 2023 has been approved. The policy is likely to be notified soon," said an official.
Logistics company XpressBees has joined the Open Network for Digital Commerce (ONDC), allowing it to offer pan-India delivery services to over 2,800 cities and 20,000 pincodes. Through this collaboration, XpressBees aims to optimize its operations and become a key player in the e-commerce industry. This move is expected to catalyze e-commerce growth, strengthen ONDC's logistics network, and contribute to the digital economy, according to T Koshy, MD & CEO of ONDC.
“India is the place to be. The economy is firming up and showing solid transformation through growth. The second big trend that we can see is the relocation of manufacturing into India, which then actually serves the world. This requires additional warehousing and transportation capabilities,” Olivier Storch, deputy CEO, CEVA Logistics, told ET in an exclusive interaction.
Once approved, these changes in mining rules will allow companies to both explore a block and bid for it. "This will prompt large players to undertake exploration activity which so far has seen muted interest," said one of the officials, who did not wish to be identified.
"At Volvo, we have set target that by 2030, 50 per cent of our vehicles will be non-fossil fuel-based. They will be non-polluting. Balance 50 per cent will become non-zero emission by 2040," Volvo Group President and Managing Director in India Kamal Bali said.
ET first reported on April 25 that Kotak Mahindra Capital had been appointed to find buyers for the solar portfolio. "The prospective buyers are currently conducting due diligence on the solar assets and final bids are expected soon. These are good quality assets and have generated strong investor interest," said one person aware of the development.
Senior government officials in the know told ET that Tesla has sought provisional tariff concessions as a prerequisite for setting up a manufacturing facility in India, but New Delhi is not in favour of any company-specific exemptions.
With the Freight Tiger acquisition, Tata Motors will get a toehold in a fast expanding digital end of the trucking business at a rather modest investment. Besides Tata Motors, the existing investors of Freight Tiger include the venture capital arm of Eastern Pacific Shipping and Lightspeed India Partners.
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