Dassault Aviation has increased its shareholding in Dassault Reliance Aerospace Ltd (DRAL) by acquiring an additional 2 percent stake from Reliance Infrastructure. The transaction, valued at INR 1.76 billion, raises Dassault’s holding to 51 percent and reduces Reliance Infrastructure’s stake to 49 percent. Following the change, DRAL will shift from being a subsidiary to an […]
Amber Group’s subsidiary, ILJIN Electronics India, has raised INR 12 billion in its first external institutional funding round. ChrysCapital led the round with INR 11 billion, while InCred Growth Partners Fund I invested INR 1 billion via equity shares and compulsorily convertible preference shares (CCPS). The company says the capital will support scaling of operations, […]
IPEC India has inaugurated its second manufacturing facility, Unit II, in Bengaluru, Karnataka, as part of its expansion in the electric vehicle (EV) charging segment. The new unit is expected to support the company’s plan to scale production to 50,000 chargers per month. The company recently raised USD 3 million from Gruhas, the investment platform […]
Kongsberg Maritime has secured a contract to deliver a fully integrated equipment package for India’s first fully electric tug. The project, commissioned by Mandovi Drydocks in partnership with Ripley Group, is scheduled for delivery in the fourth quarter of 2026. The tug, designed by NavNautik India, will have a 60-ton bollard pull and will operate […]
TDK Corporation, an electronic components company, has inaugurated a lithium-ion battery manufacturing plant in Sohna, Haryana. The facility is designed to produce around 200 million battery packs annually, which the company said will meet about 40 percent of India’s annual requirement of 500 million packs. According to information released at the event, the plant is […]
Tokyo Electron has established a new development site in Bengaluru, Karnataka, India. The facility will focus on software development related to equipment design and simulation, while also serving as a base for joint research on next-generation semiconductor technologies with universities and academic institutions in India. The company stated that the new site will also support […]
India and Germany have agreed to work together to accelerate negotiations on a Free Trade Agreement (FTA) between India and the European Union, External Affairs Minister S Jaishankar said following talks with German Foreign Minister Johann Wadephul in New Delhi. The ministers also noted that bilateral trade, which reached almost EUR 50 billion last year, […]
Kistler Group has inaugurated its new office in Pune, marking an expansion of its operations in India. The facility was opened by Michael Raber, Continental Head Asia at Kistler, with support from the company’s regional and global management. The India operations are led by Anmol Ukey, Country Head of Kistler Instruments India Pvt. Ltd. Kistler […]
Emerson, a provider of automation solutions, has entered into a partnership with Kaynes Semicon to implement Emerson’s NI Semiconductor Test System (STS) as the standard platform across Kaynes’ semiconductor test facilities. The move will cover testing for analogue, mixed-signal, RF, power and MEMS devices. According to Kaynes, the adoption of the STS platform is expected […]
Technoplast Packaging Pvt. Ltd., part of MD Group, has inaugurated a new manufacturing facility in Gorakhpur, Uttar Pradesh, for producing plastic preforms, caps, and jars. The facility was inaugurated on 4 September 2025. The Gorakhpur plant is equipped with Husky Injection Molding and Sacmi Compression Molding technology. With this technology, it is expected to play […]
