Zoho Corporation has acquired robotics startup Asimov Robotics as part of its strategy to expand research and development (R&D) in emerging technologies. Founded in 2012 and based in Kerala, Asimov Robotics develops robotic systems for industrial applications. Following the acquisition, the Asimov team will continue operations from Zoho’s Kottarakkara office, working under the company’s internal […]
The Centre of Excellence for Tunnelling and Underground Construction (CoE-TUC) was inaugurated on June 23, 2025, at MIT World Peace University (MIT-WPU) in Pune. The facility aims to provide competency-based training and support research in underground infrastructure development. The centre features a Jumbo Drill Simulator developed by Sandvik, a Tunnel Instrumentation Lab, digital modelling and […]
John Cockerill, a provider of industrial engineering solutions, announced the successful production of the first coil on the Continuous Galvanizing Line 1 at Tata Steel’s Kalinganagar plant on 9 June 2025. The event marks a significant milestone in the ongoing partnership between the two companies. The galvanizing line, supplied and commissioned by John Cockerill, is […]
Bharat Forge, an industrial engineering company, has approved the transfer of specific defence business assets to its wholly owned subsidiary, Kalyani Strategic Systems Limited (KSSL), as part of an internal restructuring process. KSSL, incorporated on December 20, 2010, is engaged in the development and deployment of defence products and components. The company reported revenue from […]
Samvardhana Motherson International Limited, an an automotive component manufacturer, has increased its equity stake in CIM Tools Private Limited from 55 percent to 68.14 percent following the conversion of compulsory convertible debentures (CCDs) worth INR 1.75 billion into equity shares. The conversion was approved by the Board of Directors of CIM Tools on June 30, 2025. […]
Bharat Earth Movers Ltd (BEML) has inaugurated a new warehousing facility at the KIADB Aerospace Special Economic Zone (SEZ) in Bengaluru as part of its broader aerospace sector expansion plans. The Phase I facility spans 0.12 acres and is designed to support integrated logistics and supply chain operations. The company has also commenced groundwork for […]
Jindal Steel & Power Limited (JSPL) has commissioned its first Continuous Galvanising Line (CGL 1) at the Angul Integrated Steel Complex in Odisha. The facility enhances the company’s coated steel production capacity and will manufacture galvanised and galvalume products under its Panther Galvanised and ZINKALUME brands. These products are intended for use across sectors such […]
Cochin Shipyard Limited (CSL) has received an order from Polestar Maritime Limited for the construction of two 70-ton bollard pull tugs. The order, classified as “Notable” by CSL, is valued between INR 1 billion and INR 2.5 billion. The vessels are scheduled for delivery in May 2027 and September 2027. The tugs will be built […]
InnoMet Technologies, a manufacturer of powder metallurgy products, has secured export orders worth USD 44,435 (approximately INR 3.8 million) for its Metal Powder Division, following its participation in PowderMet2025, held from June 16 to 18 in Phoenix, Arizona, USA. The company stated that the supplies will be completed within the next three weeks and will be executed […]
Mazagon Dock Shipbuilders Limited (MDL) has announced plans to acquire a majority controlling stake in Colombo Dockyard PLC (CDPLC) for USD 52.96 million (approx. INR 4.52 billion). This would be MDL’s first international investment, expected to complete within four to six months, subject to customary closing conditions and regulatory approvals. The acquisition combines a primary […]
