Signify, a lighting solutions provider, and Dixon Technologies, a diversified manufacturing company, have announced plans to establish a joint venture aimed at manufacturing lighting products and accessories in India. The proposed entity, subject to regulatory approvals, will produce a range of lighting products for various brands in the Indian market. Both companies will hold equal […]
India has proposed eliminating tariffs on select imports of steel, auto components, and pharmaceuticals from the United States up to a predetermined volume, as part of ongoing bilateral trade negotiations. The offer, which includes a reciprocal arrangement, was reportedly made by Indian trade officials during a visit to Washington in late April. According to a […]
The Defence Research and Development Organisation (DRDO) has inaugurated the Centre for Electromagnetic Launch Technology (CEMaLT) to support research and development of electromagnetic railgun systems and related subsystems. The facility is intended to focus on hypersonic projectile launch technologies without the use of propellants. The electromagnetic railgun is a system capable of accelerating projectiles to […]
Apollo Defence Industries Private Limited, a subsidiary of Apollo Micro Systems Limited, has signed a definitive agreement to acquire 100% equity in IDL Explosives Limited from GOCL Corporation Limited for INR 1.07 billion. The acquisition, structured as a cash transaction, is expected to be completed within two to three months subject to regulatory and corporate […]
The Maharashtra government has approved a new policy focused on shipbuilding, ship repair, and ship recycling, targeting an investment of INR 66 billion and the creation of 40,000 jobs by 2030. The policy further aims for INR 180 billion in investment and 330,000 jobs by 2047. According to the policy, development plans include establishing marine […]
AXISCADES Technologies Ltd., an engineering solutions provider, has announced the appointment of Ravikumar Joghee as Chief Strategy & Marketing Officer. He will also serve as President – USA, overseeing the company’s operations and growth initiatives in North America. In his new role, Joghee will be responsible for driving strategic planning and managing the company’s talent […]
Nova Coating, a producer of surface treatment technologies, has announced the establishment of a new surface treatment facility in Pune, India, in partnership with Unitherm Engineers Limited. The facility, located in Chakan, Pune, is scheduled to begin operations on May 16, 2025. The Pune facility will offer services including Physical Vapor Deposition (PVD) coating, polishing, […]
The University of New South Wales (UNSW) SMaRT Centre and the Steel Research and Technology Mission of India (SRTMI) have signed a Memorandum of Understanding (MoU) to collaborate on green steel manufacturing, decarbonisation, and advanced steel technologies. The agreement emphasises sustainable production methods using recycled materials in steelmaking. The MoU was formalised at the India […]
Azad Engineering, a manufacturer of precision-engineered components, has signed a six-year manufacturing contract worth USD 53.5 million with GE Vernova’s Steam Power Services business unit. The agreement, which extends through 2030, involves the production and supply of rotating and stationary airfoils used in nuclear, industrial, and thermal power applications. The company will manufacture these components […]
The National High Speed Rail Corporation Limited (NHSRCL) has awarded a contract for the construction of six Maintenance cum Technology Centres in Gujarat, as part of the Mumbai-Ahmedabad High Speed Rail Project. The contract is valued at INR 3.85 billion, excluding GST. These centres are intended to support the operational and maintenance needs of the […]
