Technology

HCL Technologies and NLC Insurance Companies said a new core processing, data, and document management systems have been deployed for NLC’s Massachusetts agents and policyholders.

Growing partnerships and surging Foreign Direct Investment (FDI) in Defense vertical have propelled the demand for thermal imaging systems in India with a projected CAGR of 15% from 2019 to 2025.

Noida-based Global EPC and turnkey management company Nuberg EPC will build a Chlor-Alkali plant to produce caustic soda, hydrochloric acid and sodium hypochlorite chlorine in Morocco.

PhoreMost, the UK-based biopharmaceutical company dedicated to drugging ‘undruggable’ disease targets, has entered into a structural biology focused collaboration with the Centre for Chemical Biology and Therapeutics (CCBT) of Bangalore.

To deepen the Corporate tri-party repo market in Corporate Debt securities, the Government will work with regulators RBI/SEBI to enable stock exchanges to allow AA rated bonds as collaterals.

To further promote domestic manufacturing heavy industries, the Finance Minister Nirmala Sitharaman has proposed in 2019-20 Budget customs duty reductions on certain raw materials and capital goods needed for nuclear power plants.

Indian Micro, Small and Medium Enterprises, with niche security-sensitive technologies, are exploring export markets, having showcased their products at the Interpol World 2019 conference and exhibition held in Singapore 2-4 July 2019.

The 2019-20 Budget has proposed Rs.400 crore allocation for creating world class educational institutions which will among others measures woo foreign students to Indian institutions.

India’s FY2019-20 Budget marked a sense of continuity but also carried winds of change, said Singapore banking Group, DBS, welcoming measures to incentivize digital transactions.

The Indian smart kitchen appliances market, which includes refrigerators, ovens, hoods, blenders, coffee makers, scales, cookers and dishwashers, is estimated to increase revenue at cumulative annual growth rate (CAGR) of 11.8% by fiscal year 2026.