Automation

Magnetic levitation on the shop floor

A global food major uses ICT-based tracks for packaging a variety of its products at a factory in western India. Frictionless propulsion makes it 30 per cent faster than traditional conveyor systems

Automation, skilling can bring in $282-bn profit globally: Infosys study

Shifting to a flexible, diverse, and digital work model may bring 7.7% higher profit growth and 6.7% higher revenue growth

Cipla's higher automation spends to continue for 3 more yrs: CTO Malhotra

Cipla expects elevated capital expenditure on automation to continue for three more years, a senior official has said. The city-headquartered company started its investment journey on the automation front two years ago and has already been recognised for its work by multiple bodies, Geena Malhotra, the chief technology officer for the company, told PTI recently. The World Economic Forum (WEF) has recognised one of its four manufacturing units as a 'lighthouse' project for being replicated across the world, Malhotra said, adding that the company will be implementing the same across all of its 42 plants. "On investments, we have done both regular capital expenditure and also additional investments. We have made a good amount of investments in the last two years and will be investing for about 3-4 years more in this journey," Malhotra said. The company, however, did not disclose the financial details of its automation spends. The journey on automation has its roots in a decision Cipl

Honeywell bullish, sees growth across infra, energy transition, automation

Industrial technology firm Honeywell is bullish on the Indian market and sees growth opportunities across segments mainly infrastructure development, energy transition projects, automation etc in the country to drive growth, a top official of the company said on Wednesday. Honeywell India President Rajesh Rege said that India looks to be a brighter spot in the global economic landscape based on GDP data that is coming from experts. According to the Reserve Bank, the real GDP growth for 2022-23 is projected at 6.8 per cent with the third quarter at 4.4 per cent and the fourth quarter at 4.2 per cent, with risks evenly balanced. Real GDP growth is projected at 7.1 per cent for the first quarter of 2023-24. Rege, however, expressed concern about the rupee devaluation. "I see India as an opportunity. I see India having growth. I am not concerned. One area that could have been better is the slide in the rupee that we had," he said. Honeywell has a business of around USD 1 billion in In

Infosys BPM opens AI, automation unit in Poland for global clients

Centre will offer solutions for lowering costs, productivity, and customer experience: Company

The new wave of process automation is intelligent

Intelligent process automation adds advanced cognitive technologies such as AI to expand business process automation across entire enterprises

Smartworld Developers inks MoU with Schneider Electric for home automation

Realty firm Smartworld Developers Pvt Ltd on Tuesday said it has tied up with Schneider Electric for home automation in its upcoming projects. Both the companies have signed a Memorandum of Understanding (MoU) for driving 360 degree home automation in the upcoming projects. Through this collaboration, Smartworld Developers said it would "build positive impact homes with lower waste and healthier interiors by incorporating smart product lines from Schneider Electric, which includes Wiser Smart Homes, Modular Switches, etc." "A smart home ecosystem is the future. With over 4,000 homes already under construction and another 15,000 homes to be added in the next two years, at Smartworld one of our key differentiators is our approach towards development of homes that are SMART," Vivek Singhal, CEO of Smartworld Developers, said. Schneider Electric would complement the supply and service of products and solutions with a quarterly training and upskilling programme for the staff of Smartwor

Mumbai Angels raises $ 2mn funding for recruitment automation start-up

TurboHire ensures accuracy in candidate selection and reduces the cost and time spent on hiring

Automation Anywhere raises $200 mn from Silicon Valley Bank, others

The firm's cloud customers have run an estimated 50 million automations in 2022, with leading firms deploying thousands of bots across their organisations

Qualcomm sees adoption of private 5G networks in India growing rapidly

Qualcomm India President Rajen Vagadia believes the country will be on a par with the global level in next two years

EPFO moving towards automation; set to rationalise workforce for efficiency

EPFO said it is moving more from forceful compliance to voluntary compliance. And, in the future, it will be fully governed by technology

Peer Robotics raises $2.3 million in seed funding from Kalaari Capital

The company's robots learn from humans in real-time, allowing people on the shop floor to easily integrate and deploy solutions, stated Peer Robotics

Automation a key element of business strategy across countries, says survey

Of 1,000 global organisations surveyed, over 90 per cent say automation addresses the impact of geopolitical and economic uncertainty

Global BPM player WNS acquires enterprise automation firm Vuram for $165 mn

Founded in 2011, Vuram has 900 employees at various locations in India, US, Mexico, Australia, Canada, and UK

AquaExchange raises $3 mn from Endiya Partners, Accion Venture Lab

The company will deploy the capital in strengthening its technology, e-commerce operations & expanding its farm automation footprint to over 100,000 acres of farms by the end of FY23

This robot company is building an Uber for autonomous material movement

Hachidori's robots do not need expensive infra like magnetic strips or QR codes. The firm aims to provide Autonomous Mobile Robots (AMR) that are easily deployable and affordable

ABB extends rally in a weak market on strong Q1; stock up 17% in 3 days

Analysts believe that increased traction in exports and services coupled with strong execution drove ABB's strong performance across segments.

Iron Pillar Invests in automation firm Jiffy's $53 mn Series B Funding

Jiffy's Series B was led by Eight Roads with participation from existing investor, Nexus Venture Partners, among others

Testsigma raises $4.6 million in seed funding led by Accel, STRIVE

Testsigma's open-source test automation platform is designed to enable modern software development teams to test and release products quickly, continuously, and at scale.

Dunzo pulls out all stops to be No.1 in quick commerce; bets on automation

Automation, Reliance deal to help it expand faster