Synqa raises $80 million from Siam Commercial, Toyota and others. Siam Commercial Bank Pcl said on Monday that payments startup Synqa raised $80 million from the Thai lender and other companies including Japan's Sumitomo Mitsui and Toyota, reflecting investor appetite for the digital market.
Toyota anticipates a global production drop of 30% from its initial plans, made before the virus outbreak and a plunge in demand for vehicles. Toyota Motor Corp said on Monday it would make 10% fewer vehicles next month than originally planned, as it gradually resumes output following factory closures earlier
AMT – The Association For Manufacturing Technology has announced that vice president and chief technology officer Tim Shinbara was recently named a Congressional Fellow – Manufacturing by the American Society of Mechanical Engineers (ASME) for 2020-2021. Shinbara began serving in the office of Sen. Marco Rubio, R-Fla., and the U.S. Senat
The new UC 300 ball bearing units from SKF are interchangeable with all JIS (Japanese Industrial Standards) housings. The introduction of the new products extends SKF’s UC range of ball bearing units, offering a comprehensive choice of reliable bearings that are available with short lead times. The new UC 300 is ideal f
With its new UC 300 series of ball bearing units, SKF has increased protection against contamination in heavy-duty applications. The new UC 300 ball bearing units from SKF feature superior sealing and stronger locking and are interchangeable with all JIS (Japanese Industrial Standards) housings. The introduction of the
Considering a petition seeking free movement of vehicles through Paliyekkara toll during traffic congestion, a division bench said there is no such stipulation in the concession agreement that allows vehicles to pass without paying the toll. There is no rule stipulating that vehicles should be allowed to pass through a
With the pandemic and the ensuing lockdown resulting in a decline in salaries, many have called for the Centre to cap fuel prices. Consumers across the twin cities have expressed disappointment over the rising fuel prices. With the pandemic and the ensuing lockdown resulting in a decline in salaries, many have call
In a letter to Maharashtra chief minister Uddhav Thackeray, the MTU said that around 1.5 lakh taxi drivers and over three lakh rickshaw drivers in the city were facing a financial crisis. Lockdown rules restricting the number and types of passengers that taxis and auto rickshaws can carry in the ci
Building on a 40-year legacy of designing and manufacturing belt-drives as a lower-maintenance, rust-free, quieter and stronger alternative to chain drives for two-wheelers, Gates Carbon Drive is refreshing its overall product portfolio with new and expanded component lines, offering next-generation sprockets, belts and crank
Igus has developed a new online shop for energy chains where users can filter products by category, application, and specifications. The new shop also includes pricing, and allows designers, engineers, and materials specialists to have all of the parts listed in one user-friendly website. The new shop allows users
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Through their initiative, the state government aims to provide indirect job opportunities to over 20,000 people under the CM Swarozgar Yojana. Queues of vehicles, which at times extend to over 5 km, are witnessed at entry points of most hill stations such as Mussoorie and Nainital during the peak tourist season. In
The Skill Development Colleges will have a partnership with major companies like KIA Motors, ITC, Tech Mahindra, HCL, Hyundai, Volvo, Bosch among others. The Andhra Pradesh government on Thursday said big ticket companies like KIA Motors and ITC would partner in the 30 Skill Development Colleges, whi
As Japan emerges from its coronavirus lockdown, restaurants and offices are practicing social distancing, but public transport doesn't require it. Ryota Kawamata hadn't driven for more than a decade, but as Japan's COVID-19 crisis worsened in May, his employer near Tokyo rented him a car so he wouldn't h
Neugart is extending its portfolio of planetary gearboxes, especially for rack and pinion drives, with an additional option for a fitted pinion from its in-house production. Two specific types of pinion are available: the PK1 pinion is fitted to the toothed output shaft of the gearbox, whereby the secure connectio
Custom reporting is a powerful yet somewhat underutilized piece of functionality allowing MASTA users to streamline their workflow by creating completely customized report and editor formats. See exactly the input or results fields you want in the exact format you want to see them. Plus, easily share these formats with other us
Musk’s Western rivals will find it harder to find similar peace of mind, especially as Volkswagen, BMW and General Motors’ vehicle batteries all use more cobalt. Elon Musk is giving his rivals the heavy metal blues. By securing 6,000 tonnes a year of cobalt directly from mining giant Glencore’s Democratic Repu
