ABB, a global technology leader, has made a strategic investment in UptimeAI, a pioneering AI startup, to drive performance optimization in industrial assets.
Here is a summary of the content in 400 words:
ABB India Ltd, a leading electrification and automation company, has made a strategic investment in AI startup UptimeAI through its venture arm, ABB Motion Ventures. The investment involves ABB taking a minority stake in UptimeAI, with financial details not disclosed. The partnership aims to optimize the health and performance of industrial motors, drives, and related assets by integrating machine learning and expert systems to monitor asset performance, enhance failure predictability, and reduce maintenance costs and risks for industrial customers.
The collaboration will initially focus on heavy asset industries, such as cement, metals, and water pipes in India, to deliver tailored solutions that enable companies to achieve operational excellence, reduce unplanned downtime, and enhance overall productivity. The partnership will leverage asset performance management services driven by AI/ML predictive maintenance and industry expertise, covering over 1,000 failure modes and advanced AI/ML algorithms.
Soenke Kock, R&D Manager and Head of Development IoT and Analytics at ABB Motion Services, stated that the investment reaffirms ABB’s commitment to delivering innovative solutions that empower industrial customers to manage their assets effectively and sustainably. Jagadish Gattu, Founder and CEO of UptimeAI, added that the partnership will optimize operations and address the unique challenges faced by industrial customers, such as root cause analysis, continuous improvement, and knowledge management.
The investment is expected to strengthen ABB’s digital offerings in predictive maintenance and operational efficiency, aligning with the company’s goal of becoming a leading digital industrial technology company. The partnership is poised to benefit from ABB’s global presence and UptimeAI’s expertise in AI/ML, driving innovation and growth in the industrial automation sector.
ABB India Unveils Innovative ‘LIORA’ Modular Switch at ELECRAMA 2025
ABB India has launched its new range of “LIORA” modular switches at ELECRAMA 2025. This innovative range of switches, sockets, and miniature circuit breakers (MCBs) combines modern technology with superior safety, performance, and aesthetics, making it the perfect choice for smart residential, commercial, and hospitality spaces. The “Made in India” range is designed to meet the needs of diverse environments and delivers unmatched style and functionality. LIORA features smooth edges for a perfect wall fit, a wide variety of functions, and multiple color options, including Moon White and Stone Grey finishes.
This launch marks another milestone in ABB India’s 75th anniversary, highlighting the company’s technological excellence and sustainable growth in India. ABB India has played a significant role in enabling electrification, automation, and digitalization across various sectors, including utilities, industries, infrastructure, and transportation. The company’s local manufacturing facilities in Bengaluru, Nashik, Vadodara, and Faridabad continue to support customers in achieving their progressive growth and sustainability targets through the “Make in India” initiative.
The LIORA range is designed to be reliable, efficient, and stylish, making it an ideal solution for both new installations and upgrades. With its cutting-edge technology and innovative features, LIORA is poised to set new benchmarks in the modular switch industry. As ABB India celebrates its 75th anniversary, the launch of LIORA is a significant step towards the company’s continued commitment to innovation, sustainability, and growth in India.
ABB India Unveils Innovative ‘LIORA’ Modular Switch Range for the Market
ABB India, a leading technology company, has launched a new range of modular switches at ELECRAMA 2025, designed for smart residential, commercial, and hospitality spaces. The “LIORA” range is engineered to set new benchmarks in the modular switch industry, offering superior safety, performance, and aesthetics. These switches, sockets, and miniature circuit breakers are designed to seamlessly integrate modern technology with excellent functionality, making them an ideal choice for urban interiors.
The LIORA range is designed to cater to diverse environments, offering a wide variety of functions, including different switches, socket outlets, electronic products, charging sockets, and electronic bells, among others. It is available in multiple color options, including glossy Moon White and matte Stone Grey, making it perfect for residential, commercial, and hospitality segments.
ABB India is showcasing its extensive technology portfolio at ELECRAMA 2025, including the latest innovations in motors, drives, and traction systems. The company is committed to delivering sustainable and cost-effective solutions to support India’s economic growth and net-zero ambitions. With a presence in India for 75 years, ABB has played a significant role in enabling electrification, automation, and digitalization across various industries.
ABB’s local manufacturing facilities in Bengaluru, Nashik, Vadodara, and Faridabad focus on “Make in India” and support customers in achieving their growth and sustainability targets. The company’s commitment to R&D and manufacturing ensures tailored solutions for India’s evolving electrification needs, enabling effective collaboration with local customers and partners. With the launch of the LIORA range, ABB India is poised to set new benchmarks in the modular switch industry, offering a perfect blend of style, functionality, and performance.
Several prominent Indian companies, including Eicher Motors, BSE, L&T, and Zomato, are expected by Jefferies to report robust Q3 results despite a broader slowdown in the economy.
Indian companies are expected to see strong earnings growth, driven by a range of factors. Two-wheeler makers Eicher Motors and TVS Motor Co. could see 20% growth, while carmakers Mahindra & Mahindra and Maruti Suzuki are expected to post more than 20% earnings growth. Other companies, such as ABB India, Siemens, and Thermax, are projected to see 20-40% net profit growth. The travel sector is also expected to do well, with Indian Hotels and GMR Airports predicted to see 30% and 40% EBITDA growth, respectively. In the discretionary space, companies like Trent and Titan are expected to see strong growth. In the technology sector, companies like Zomato and Nykaa are projected to see revenue growth of 25-60%. In the pharma sector, companies like Torrent Pharma, Lupin, and Syngene International are expected to see 20-45% earnings growth. In the real estate sector, companies like DLF, Macrotech, and Oberoi Realty are expected to be key performers. Overall, the report forecasts a strong earnings growth for many Indian companies.
Hindustan ABB Limited reports a significant 50.02% year-over-year increase in its Q2 profits.
Here is a 200-word summary of the ABB India Q2 Results Live:
ABB India has reported its Q2 2022 financial results, showcasing a significant surge in profits. The company’s profit has increased by 50.02% year-over-year (YoY), a significant improvement compared to the same period last year. This substantial rise in profits has been attributed to the company’s efforts to reduce costs and focus on increasing productivity.
According to the financial statement, the company’s standalone revenue has seen a growth of 14.4% YoY, driven primarily by strong performance in the E-mobility and Solar Power segments. On the other hand, the net profit margin improved to 16.6%, up from 13.9% in Q2 2021. These results are impressive, indicating that ABB India is recovering strongly from the impacts of the global pandemic and market fluctuations.
Moreover, the company’s free cash flow from operating activities improved substantially, highlighting ABB India’s ability to maintain a robust balance sheet and provide a buffer for future uncertainties. Overall, ABB India’s Q2 performance is promising, reflecting the company’s ability to adapt and perform well despite industry challenges. The results provide investors with renewed optimism about the company’s long-term prospects and capabilities.
ABB India successfully supplies 85% of its indigenous integrated analytical system to global customers.
A subsidiary of ABB, a leading technology company, announced that it has delivered 85% of its integrated analytical systems manufactured at its Bengaluru facility to international customers by the end of 2024. The systems were shipped to countries such as Argentina and the United Arab Emirates, and the company is currently working on projects for Canada and Australia. This achievement marks a milestone in the company’s strategy to manufacture high-quality products in India under the “Make in India” initiative. Separately, Waaree Energies, a renewable energy company, has joined the United Nations Global Compact (UNGC), a global initiative that encourages businesses to adopt sustainable practices and commit to ethical and environmental standards. By joining the UNGC, Waaree Energies has demonstrated its commitment to implementing socially responsible policies and supporting global sustainability goals. This move reflects the company’s dedication to contributing to a more sustainable future.
ABB India Reports 85% Adoption of Indigenous Analytical Systems by Global Clients, Achieving Significant Milestones in its Export Initiatives
ABB India has announced that it has delivered 85% of its integrated analytical systems from its Bengaluru facility to international customers in 2024. The systems were exported to countries such as Argentina, the United Arab Emirates, and production is currently ongoing for Canada and Australia. This achievement marks a milestone in the “Make in India” initiative, which is celebrating its 10-year anniversary. Additionally, Waaree Energies has joined the United Nations Global Compact (UNGC), committing to sustainable practices that promote human rights, labor standards, environmental stewardship, and anti-corruption. The company’s move reflects its commitment to socially responsible policies and support for global sustainability goals.
Market Updates: HAL, Tata Power, Yes Bank, ABB India, JK Tyre – Recommendations Inside!
NDTV Profit provides its analysis of four stocks – HAL, Tata Power, Yes Bank, and ABB India – advising investors to take a position in these shares. Here’s a brief summary:
* Hindustan Aeronautics Limited (HAL): Hold. Despite the company’s strong financials and upcoming orders, the stock’s valuation is expensive, and investors should wait for a correction.
* Tata Power: Buy. The stock has seen a significant drop in price and is undervalued. The company’s restructuring efforts and its renewable energy business make it an attractive buy.
* Yes Bank: Hold. The bank’s asset quality remains a concern, but its liquidity position has improved. Investors should wait for a clear improvement in asset quality before taking a call on the stock.
* ABB India: Hold. The company’s sales growth has been weak due to industry-wide trends. However, its dividend yield is attractive, and investors may consider holding the stock for the dividend payouts.
Overall, NDTV Profit advises investors to be cautious and selective in their approach, as the market conditions are volatile. It’s essential to assess each stock’s individual fundamentals and performance before making an investment decision.