Page 2 - Automation

Paytm looks to rationalise employee costs by revising hiring strategy

The company, said to be exploring different ways to save on employee costs, has laid off a few employees for 'poor performance'

Amazon develops version of cashierless technology for clothing stores

The retail and cloud-computing giant on Tuesday said the latest iteration of its Just Walk Out technology uses radio frequency identification, or RFID, tags to keep track of apparel

Infosys signs $1.5 bn contract to leverage AI solutions for 15-yr period

In July, Infosys signed a $2 bn deal with an existing client to provide AI and automation services for five years

Jyoti CNC Automation files papers to raise Rs 1,000 crore via IPO

CNC machine manufacturer Jyoti CNC Automation Ltd has filed preliminary papers with capital markets regulator Sebi to raise Rs 1,000 crore through an initial public offering (IPO). The company's maiden public issue is entirely a fresh issue of equity shares with no offer for sale (OFS) component, according to the draft red herring prospectus (DRHP) filed on Friday. The company may consider a pre-IPO placement of equity shares worth Rs 200 crore. If such placement is undertaken, the size of the fresh issue will be reduced. Proceeds from the issue would be used for debt payment, funding long-term working capital requirements of the company, and general corporate purposes. Jyoti CNC Automation is one of the leading manufacturers of computer numerical control (CNC) machines and has customers in varied sectors. The company's customers include ISRO, BrahMos Aerospace Thiruvananthapuram Ltd, Turkish Aerospace, Uniparts India Ltd, Tata Advances System Ltd, Tata Sikorsky Aerospace Ltd, Bha

Revolutionizing End-To-End Automation with NewgenONE

.

Addverb: Automation company making robots in India, for the world

The Addverb journey began at Asian Paints, where the co-founders Sangeet Kumar, Prateek Jain, Bir Singh, and Satish Kumar Shukla, worked on automating warehouses

Women workers to be impacted more than men by AI wave, says McKinsey

That's one of the takeaways from a new report by the research arm of consultants McKinsey & Co. that examines US labor-market trends through the end of 2030

Mumbai-based investment firm A91 Partners invests $30 million in KaarTech

IT consulting company KaarTech on Monday said it raised USD 30 million, about Rs 245 crore, from Mumbai-based investment firm A91 Partners. Gautam Mago and Kaushik Anand from A91 Partners will join the board of KaarTech. "The partnership with A91 will catapult KaarTech into an unprecedented era of expansion, propelling us towards our aspiration of going public, despite our humble bootstrapped origins. This association will bolster our ability to expand geographically and augment our services portfolio in-organically," KaarTech CEO Maran Nagarajan said. The partnership aims to fuel Chennai-based KaarTech's organic and inorganic growth across existing markets in the Middle East, the European Union and North America Founded in 2006, KaarTech specialises in digital services with expertise in discrete manufacturing, professional services automation, process manufacturing and consumer packaged goods. With a team of over 2,000 employees, KaarTech has doubled its revenue in the last 24

Wendy's turns to AI-powered chatbots, automation for drive-thru orders

Wendy's is one of several restaurants incorporating AI and automation to improve customer service

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