Contribution By Sunil Hebbalkar


NMDC increases mining production, may introduce new steel plant

Government-run NMDC Ltd. is reportedly increasing its iron ore mining capacity and has made plans to set up a novel integrated steel production facility worth 2.2 billion dollars (approximately INR 15335 crore). As per the company’s investor presentation, the new steel facility would possibly be …

South Korea-based Doosan Infracore unveils new 5G remote excavator

Doosan Infracore, a South Korea-based construction machinery manufacturer, has reportedly unveiled a 5G remote controllable excavator in Munich, Germany, at an international trade fair. Authentic sources with the knowledge of the development stated that the 5G remote excavator was operated at Incheon, Seoul, in a …

Lumber Liquidators to pay regulators $33M to settle flooring scandal

The United States Department of Justice & the Securities & Exchange Commission announced the settlement. The ruling comes four years after the company was allegedly caught selling laminate flooring that contained high levels of formaldehyde. Lumber Liquidators Inc. (Lumber), a Virginia-based hardwood flooring retail company, …