AJAX Engineering Ltd. has filed a draft red herring prospectus with the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO). The company plans to offer up to 2.28 crore equity shares, each with a face value of Re 1. The IPO will consist solely of an offer for sale (OFS) […]
GE Aerospace plans to significantly increase its sourcing of components from India, according to company officials. The aerospace manufacturer, which operates a manufacturing facility in Pune and the John F Welch Technology Centre in Bengaluru, currently sources components from 13 major suppliers in the country, including Tata Advanced Systems Ltd (TASL). Vikram Rai, South Asia […]
The partnerships were announced at the Bengaluru Space Expo 2024 and involve Ananth Technologies, a prominent aerospace and defense manufacturer, and Digantara, a full-stack space infrastructure company specializing in space operations and traffic management. These collaborations are key to the upcoming Space MAITRI (Mission for Australia-India’s Technology, Research, and Innovation) initiative and will play a […]
Karnataka’s Department of Electronics, Information Technology, Biotechnology, and Science & Technology (ITBT) is set to highlight the state’s impressive advancements in space technology at the Bengaluru Space Expo 2024. Priyank Kharge, Minister for IT, BT, Rural Development, and Panchayat Raj, inaugurated the event, underscoring Karnataka’s role as a national leader in the space sector. “Karnataka […]
Goodluck India Ltd has launched a Rs 200 crore hydraulic tubes manufacturing unit in Sikandrabad, Bulandshahr. With an installed capacity of 50,000 MT, this new facility will serve sectors such as construction machinery, light commercial vehicles, and various industrial equipment. The hydraulic tubes are intended to replace seamless tubes, aiming to reduce reliance on imports. […]
Airbus (AIR.PA) hosted its first-ever Sustainable Supply Chain Conference in Bengaluru last week. The event brought together the company’s supply chain partners to discuss the future of supply chain resilience and sustainability in India. The event, aimed at fostering collaboration, featured in-depth discussions on sustainable practices and innovation within the aerospace industry. The conference focused […]
