SKF India Limited was established in the year 1961 and is headquartered in Mumbai. The company manufactures bearings like deep groove, taper roller and various other types. These products are used by various industries that includes automotive, power generation, cement, steel, petrochemical and textile. The company provides industry based solutions with the help of its five technology-centric platforms: seals, mechatronics, lubrication solutions, bearings and units and services. The company is evolving from being a manufacturer of ball bearing company to a knowledge driven engineering company. They are now able to help their customers to achieve the sustainable and competitive business excellence. The company also has an employee base of over 2600 professionals. The company has diversified its operations in three different companies: SKF India Limited, SKF Technologies (India) Pvt Ltd and Lincoln Helios India Ltd. The company manages to offer sustainable ways for their customers across automotive and industrial sectors to secure breakthroughs in energy efficient, friction reduction and equipment longevity and reliability. The company has been serving the national market for more than three decades by manufacturing high quality bearings. The company has three manufacturing facilities that are situated in Pune, Bangalore and Haridwar and has more than eleven sales offices across the country with a supply network of more than 300 distributors. The company SKF was initially started in Sweden. The company manufactured and supplied bearings, seals, lubrications and lubrication systems, power transmission products and related services all across the globe. They are the largest manufacturers of bearings currently. The group currently consists of about 150 companies. They started with their operations in India in the year 1923 by creating a trading outpost in the city of Calcutta. Earlier, they imported automotive bearings.
Petronet LNG Ltd's 7.5 million tonnes a year liquefied natural gas (LNG) import deal with Qatargas is ending in 2028. Renewal, if any, has to be confirmed 5 years ahead of that.
Though India is not against ‘net zero’ goal per se, the country will not commit to the 2050 timeline. It will strongly underline its demand for the developed world sticking to the principle of common but differentiated responsibility and the need to deliver on climate change mitigation finance.
Zipcar’s Bengaluru centre underscores tech disruptions centered around reinventing car ownership. Ride-hailing app Uber too is expanding its engineering team in India -- it wants to hire 250 engineers across its Bengaluru and Hyderabad centres to take its total strength to 1,000 by this year-end.
Alfred Schipke, director, IMF-STI Regional Training Institute and former IMF India Mission chief, who led the 2021 assessment of India’s macroeconomic situation by the multilateral agency, told TOI that reducing fuel taxes in general disproportionately benefits higher-income households.
But V. K. Mishra, head of finance at Petronet LNG Ltd, clarified on Thursday that his firm had deferred the lifting of 50 cargoes, using 'downward flexibilty' allowed in its long-term deal with Qatar.
Tesla executives, including its head of policy in India, Manuj Khurana, took the company's demands to Modi's officials last month in a closed-door meeting, arguing that the taxes were too high, four sources familiar with the discussions said.
The world's third largest oil importer and consumer, India depends on imports for about 85% of its crude and buys most of it from Middle East producers.
Rising crude oil prices may lead to a spike in inflation, pressure the rupee, hit government finances, raise the fiscal deficit and force RBI to tighten liquidity and raise rates.
The Chinese EV maker, formed by a group of investors from China, India and USA, opened bookings for its electric scooters in India on Thursday. Deliveries are scheduled for mid-January. After subsidies the scooter will cost INR 86,000 . The company plans to make India an export base and it will launch at least two new models every year, the company said.
On Sunday, the price of petrol in Delhi rose to its highest-ever level of Rs 105.84 a litre and Rs 111.77 per litre in Mumbai, according to a price notification of state-owned fuel retailers.
The Engineering Export Promotion Council of India has decided to go deep in tier-II and III cities to encourage firms in the smaller towns to join the global value chain and production networks. "Our strategy is to create more engineering exporters by moving into smaller towns all over the country through the opening of EEPC India chapters," EEPC chairman Mahesh Desai said.
The state-run Ceylon Petroleum Corporation (CPC) owes nearly USD 3.3 billion to the two main government banks -- Bank of Ceylon and People's Bank. The state oil distributors imports crude from the Middle East and refined products from other areas, including Singapore.
"The Sonet has been one of our breakthrough products that have contributed to Kia's success in India. With sales of more than one lakh units in less than a year, the Sonet has already established itself as one of India's highest-selling compact SUVs.
Under a business-as-usual scenario, the transport sector could be responsible for around 1.5 gigatons of annual carbon emissions by 2050.
Malpass said he went to India in late 2019 and saw the changes that were being made that were quite positive in terms of the banking system, the financial system, the civil service system, and ways that India was looking for ways to improve the clean water situation which is very important in India for child nutrition for improving nutrition.
India’s oil consumption is forecast to rise from 4.8 million barrels per day (mbd) in 2019 to 7.2 mbd in 2030 and 9.2 mbd in 2050, as per the IEA’s key scenario based on stated policies. The projection shows the centrality of oil in the Indian economy over the next three decades and runs counter to BP’s forecast last year that estimated the country’s oil demand to peak in 2025.
Inaugurating the conference Yogesh Misra, president of DMA and Vice president, Thomas Assessments spoke about self-sufficiency and self-reliance and the essence of being Atmanirbhar in today's age while briefing the audience.
Danish public and private sectors are already actively involved in several states in India, taking forward key national missions such as Make in India, Jal Jeevan Mission, Smart Cities, Digital India, Startup India, Clean India and Clean Ganga, etc., he said.
Speaking to TOI ahead of Taiwan’s National Day on October 10, Wang said a Taiwanese industrial cluster was likely to come up in a southern part of India, and Taiwan Electrical and Electronic Manufacturers Association (TEEMA) would also ramp up steps to have bigger footprint in India.
"Recently, many policy decisions were taken so that farmers, patients, people living in remote areas get maximum benefits from drone technology," said PM Modi, while interacting with the beneficiaries of the Svamitva scheme from Madhya Pradesh via videoconferencing.
| Name | DIN | Designation | Date of joining | |
|---|---|---|---|---|
| Bernd Dieter Stephan | Unlock to View | Unlock to View | Director | 08 Jun,2017 |
| Hema Ashok Hattangady | Unlock to View | Unlock to View | Director | 18 Jul,2014 |
| Prakash Manjanath Telang | Unlock to View | Unlock to View | Director | 23 Oct,2012 |
| Prasad Raghava Menon | Unlock to View | Unlock to View | Director | 08 Mar,2011 |
| Shishir Joshipura | Unlock to View | Unlock to View | Managing director | 01 Dec,2009 |
| Rakesh Radhakishen Makhija | Unlock to View | Unlock to View | Director | 01 Jun,2002 |
Skf India Limited‘s balance sheet, profit & loss figures and Financial Ratios
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Skf India Limited‘s subsidiaries, Joint Ventures, Associates & Signatories
