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Business Economy


Schneider Electric partners with Microsoft to launch EP&P

New Delhi, Sep 11 (UNI) Digital transformation of energy management and automation provider Schneider Electric on Wednesday announced the launch of EcoStruxure Power & Process (EP&P) to drive efficiency and augment profitability in Oil, Gas & Petrochemical sector.
"The company has partnered with Microsoft to create commercial internet of things (IoT) solutions in the areas of energy management and automation, thus bringing power and process systems together," a statement here said.
Through this platform, Schneider Electric aims to address the challenges of market volatility in the O&G sector, while reducing CapEx and OpEx by 20-30 per cent.
Schneider Electric India Zone President & Managing Director Anil Chaudhry in a statement said, “The Indian hydrocarbon sector is at the cusp of major transformation as companies across the value chain step up their efforts to boost India’s self-sufficiency in oil and gas, expand refining capacities, and set up pipeline infrastructure for transportation across the country. Through our partnership with Microsoft we aim to deliver real/tangible solutions and measurable business results for oil and gas players, improve efficiency, bring down cost of running operations and raise profitability.”
Microsoft India COO Meetul Patel said, “Operations in the Oil & Gas industry are highly dispersed, making the efficient management of assets extremely challenging. Microsoft’s Azure platform provides Schneider Electric with advanced cloud and edge computing technologies to establish an intelligent network of IoT devices that can provide insights, drive innovative new solutions, and improve returns from investments.”
UNI DJK SHK1830
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UP sugar industry worried over govt's decision to hike reserve quota of molasses

17 Sep 2019 | 8:14 PM

Lucknow, Sep 17 (UNI) Uttar Pradesh government's move to hike the reserved quota of molasses from 12.

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Pradhan discusses developments in energy markets with Rosneft CEO Sechin

17 Sep 2019 | 8:11 PM

New Delhi, Sep 17 (UNI) Petroleum and Natural Gas Minister Dharmendra Pradhan discussed developments in energy markets, including global crude oil supplies, in the light of the recent attacks on Saudi Aramco’s facilities with Mr Igor Sechin, Chairman of the Management Board and CEO, Rosneft and Former Deputy Prime Minister of the Russian Federation here on Tuesday.

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Kottayam-Kochi Rubber Market Rates

17 Sep 2019 | 5:37 PM

Kottayam, Sep 17(UNI) Following were the Rubber Market rates
announced by the Rubber Board here today per quintal
KOTTAYAM
RSS FOUR Rs 13300
RSS FIVE Rs 12900
ISNR TWENTY: Rs.

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Lenovo launches AI-enabled ThinkPad, ThinkCentre PC's

Lenovo launches AI-enabled ThinkPad, ThinkCentre PC's

17 Sep 2019 | 5:32 PM

New Delhi, Sep 17 (UNI) Tech major Lenovo on Tuesday launched the new Artificial Intelligence (AI)-enabled ThinkPad and ThinkCentre PCs and announced its foray into commercial IoT and security solutions.

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Rupee falls by 19 paise against USD

17 Sep 2019 | 5:18 PM

Mumbai, Sep 17 (UNI) The Rupee on Tuesday lost another 19 paise to 71.

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