Amazon has announced a $120 million allocation from its Smbhav Venture Fund to invest in startups focused on digitizing consumer goods manufacturing in India. The initiative is part of a broader effort to expand the fund to $350 million, with a focus on fostering innovation in manufacturing, catering to domestic and global markets. This development […]
Embraer, a Brazilian aerospace manufacturer, is exploring opportunities to expand its supply chain in India, with a focus on defense, commercial aviation, and executive jet businesses. A delegation from the company recently visited India to assess potential suppliers for components such as aerostructures, machining, sheet metal, composites, forgings, wire harnesses, and hardware and software development. […]
The 21st session of the India-Russia Inter-Governmental Commission on Military and Military Technical Cooperation (IRIGC-M&MTC) was held in Moscow on December 10, 2024. The meeting was co-chaired by India’s Defence Minister Rajnath Singh and his Russian counterpart, Andrey Belousov. Discussions focused on enhancing collaboration in defence production, with particular emphasis on the operationalization of the […]
Tata Power Renewable Energy Limited (TPREL) has entered into a partnership with Tivolt Electric Vehicles, a subsidiary of TI Clean Mobility and part of the Murugappa Group, to expand electric vehicle (EV) charging infrastructure for commercial vehicles in India. A Memorandum of Understanding (MoU) formalizing this collaboration was signed on December 11, 2024 by Saju […]
Bharat Forge Limited has announced the successful completion of its Qualified Institutional Placement (QIP), raising ₹1,650 crores. The QIP concluded on December 9, 2024, and involved the issuance of shares at ₹1,320 per share, slightly below the regulatory floor price of ₹1,323.54 per share. According to the press release issued by the company, the offering […]
Super Miles Autoparts Pvt. Ltd. has announced plans to implement a semi-automated assembly line for its 12V and 24V diaphragm-type electric vacuum pumps. The assembly line is expected to become operational at the company’s facility in India during the upcoming financial year. According to an announcement by the company, this move is intended to enhance […]
Maire announced the inauguration of a new Tecnimont Private Limited (TCMPL) office in Airoli, Navi Mumbai. This facility is the company’s sixth office in the Mumbai Metropolitan Region and its seventh in India. The office, located in the Gigaplex Tower in Airoli’s Mindspace area, accommodates 700 people. According to the company, its location aims to […]
Russian President Vladimir Putin has expressed readiness to establish manufacturing operations in India. The announcement was made during the 15th VTB Russia Calling Investment Forum held on Wednesday. Putin highlighted the profitability of investing in India, citing recent developments in bilateral economic ties. According to a statement from the Indian government, Russian oil producer Rosneft […]
Delta Electronics India and ThunderPlus have signed a memorandum of understanding (MoU) to collaborate on electric vehicle (EV) charging solutions tailored for the Indian market. Under the agreement, Delta will supply high-efficiency 4kW rectifier modules manufactured at its Krishnagiri facility. These modules will be integrated into ThunderPlus’ fast chargers for two- and three-wheel EVs. The […]
Coal India (CIL) and Bharat Petroleum Corporation (BPCL) have signed a non-binding memorandum of understanding (MoU) to evaluate the feasibility of a coal-to-synthetic natural gas (SNG) project at Western Coalfields (WCL). The initiative will employ surface coal gasification technology to convert coal into SNG. Surface coal gasification involves chemically transforming coal into synthetic natural gas, […]
