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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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Universal Sompo General Insurance Company Limited Wins "Golden Peacock Award for Corporate Ethics-2019"

25 Jan 2020 | 11:21 PM

MUMBAI, India, Jan 25, 2020 /PRNewswire/ - Universal Sompo General Insurance Company Limited a Multi-line non-life insurance company has been bestowed with the "Golden Peacock Award for Corporate Ethics-2019" in a Golden Peacock Awards Presentation Ceremony held on Thursday, January 16, 2020, at, Singapore.

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TSGCC achieves Rs 200 Cr turnover in 2019-20 (till Dec’19)

25 Jan 2020 | 7:34 PM

Hyderabad, Jan 25 (UNI) Telangana State Girijan Cooperative Corporation Limited (TSGCCL) has achieved Rs 200.21 crore turnover against Rs 256.89 crore target up to December 2019 of current financial year.

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No impact of slowdown on home furnishing segment: Guj entrepreneur

25 Jan 2020 | 6:00 PM

Ahmedabad, Jan 25 (UNI) The economic slowdown, affecting major sectors like automobile, manufacturing and real estate in the country, has failed to dent the home furnishing segment, which continued an upward trend, registering bumper sales of bed-sheets, towels and similar products, a renowned Gujarat-based businessman, said on Saturday.
According to Sudarshan Golecha, founder of Trecento Store Pvt Ltd, that owns the leading Vintana brand for bed, bath and decor segments, more than 23 crore branded bed-sheets were being sold each year across the country and if the non-branded items are also included the number would be manifold higher.

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VST signs MoU with Czech Republic's Zetor Tractors

VST signs MoU with Czech Republic's Zetor Tractors

25 Jan 2020 | 4:37 PM

Bengaluru, Jan 25 (UNI) Homegrown tractor and farm machinery manufacturing company VST tillers tractors on Saturday entered into a Memorandum of Understanding (MoU) with Czech Republic based Zetor Tractors.

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VST Tillers Tractors joins hands with Czech Republic’s Zetor Tractors

25 Jan 2020 | 4:04 PM

Bengaluru, Jan 25 (UNI) VST Tillers Tractors expanding its global footprint ties up with Czech Republic’s Zetor Tractors, world’s largest tractors manufacturers.

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