Tiger Logistics (India) Limited has been empaneled by Hindustan Petroleum Corporation Limited (HPCL) to provide comprehensive logistics services. The agreement, effective for three years, includes air and sea freight operations, customs clearance, and end-to-end clearing and forwarding services. The contract specifies a financial limit of ₹546 lakh. This development comes as part of Tiger Logistics’ […]
Dynamatic Technologies Limited has contracted Aequs Private Limited to manufacture and supply structural components for the Airbus A220 door program. The agreement spans five years and involves the production of over 200 complex parts. Aequs will leverage its manufacturing capabilities, including advanced tool design, forgings, machining, and surface treatments, to fulfill the contract. This collaboration […]
Indian Railways is continuing the deployment of “Kavach,” an indigenously developed Automatic Train Protection (ATP) system, with large-scale implementation underway. The system, designed to enhance train safety and operational efficiency, has been installed across 1,548 route kilometers (RKm) on South Central and North Central Railways. Work is in progress on the Delhi–Mumbai and Delhi–Howrah corridors, […]
Dixon Electro Manufacturing, a subsidiary of Dixon Technologies (India), has signed a memorandum of understanding (MoU) with Cellecor Gadgets to manufacture refrigerators and related components, according to a company press release. The collaboration aims to enhance domestic production capacity and meet the increasing demand for refrigeration products in India. Cellecor Gadgets, known for its consumer […]
JSW Group has acquired two copper mines in Jharkhand through a competitive bidding process with Hindustan Copper, marking its entry into the non-ferrous metals sector. The mines, currently in the exploration phase, have a combined capacity of three million tonnes per annum (MTPA) and will require an estimated two years to become operational. As part […]
Mitsubishi Electric Corporation announced the signing of a memorandum of understanding (MoU) with Bharat Electronics Limited (BEL) and MEMCO Associates (India) Private Limited. The agreement aims to explore collaborative opportunities in the manufacturing and supply of components for defense and space systems. Under the MoU, the companies will identify and develop components for systems such […]
Greaves Electric Mobility, a division of Greaves Cotton Ltd., has filed a draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO). The company intends to raise up to Rs 1,000 crore through a fresh issue of shares, with existing shareholders planning to sell up […]
Bharat Forge Limited has approved an infusion of €39 million (approximately ₹345.58 crore) into its wholly owned subsidiary, Bharat Forge Global Holding GmbH (BFGH), based in Germany. This decision was made during a meeting of the company’s Investment Committee on December 24, 2024. The funds will be allocated to BFGH as equity capital to support […]
Nissan Motor Co., Ltd., Honda Motor Co., Ltd., and Mitsubishi Motors Corporation have signed a memorandum of understanding (MOU) to explore the possibility of Mitsubishi Motors joining discussions on a proposed business integration between Nissan and Honda. The agreement follows a prior MOU signed by Nissan and Honda on August 1, which outlined plans to […]
Leanworx, a Bengaluru-based company specializing in real-time machine monitoring systems, has raised ₹8.3 crore in a seed funding round. According to the company, the funding was led by YourNest Venture Capital, contributing ₹6.5 crore, alongside ₹1.5 crore from an angel investment group. The investment is part of the YourNest-SanchiConnect Velocity Program 2024, which supports startups […]
