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Honeywell CEO unveils growth plan focused on aviation, automation, energy transition
In a noteworthy announcement, Honeywell's Global CEO, Vimal Kapur expressed confidence in the growth potential of Honeywell's business in India, foreseeing a doubling of its size over the next five years.Read more
PTC Industries' stock soars 10% on strategic titanium parts pact with Dassault Aviation
The purchase agreement solidifies a commitment from Aerolloy to manufacture a comprehensive range of titanium castings for the Rafale multirole fighter aircraft and the Falcon business jet program, starting from the year 2024.Read more
GE's fighter jet engine deal with India advances smoothly
GE also expresses eagerness to contribute to the development of next-generation engines for India's Advanced Multirole Combat Aircraft (AMCA) and believes it holds a technological advantage over competitors.Read more
Sundram Fasteners signs MoU with Tamil Nadu govt for Rs 1,411 cr investment
The planned investment spans up to 2027–2028 and will be used for capacity expansion of existing products, including components for electric vehicles.Read more
Boeing to invest Rs 300 cr in Chennai Engineering Center, creates over 1,100 jobs
The formal announcement of this investment, facilitated through a Memorandum of Understanding (MoU), is expected to take place during the upcoming two-day Global Investors’ Meet in Chennai.Read more
ArcelorMittal, IIT Madras forge partnership for Asia's first hyperloop test track
Both ArcelorMittal and ArcelorMittal Nippon Steel India (AM/NS) are contributing foundational steel materials, along with their engineering, design, and project management expertise to facilitate the development of the Hyperloop test track.Read more
Major companies vie for India's Green Hydrogen, Electrolyser incentives
20 firms, such as Reliance Industries, Adani Group, Jindal India, Larsen & Toubro, and Bharat Heavy Electricals, have presented bids for incentives related to the manufacturing of electrolysers, according to statements from the Solar Energy Corp of India.Read more
Capturing the current status of the PM Gati Shakti scheme
Prime Minister Gati Shakti Scheme (PMGSS) has given a boost to Indian transportation system. Railways, roads and air travel, each sector has seen a swift shift with the initiatives and implementation.Read more
India's green hydrogen initiative garners interest, major players sit out initial subsidy auction
Initiative attracted interest from companies such as Sembcorp Industries, JSW Energy, and AM Green, while major players like Acme Solar Holdings, Avaada Group, NTPC, and Adani Enterprises opted out of the bidding process.Read more
Hindustan Aeronautics to invest Rs 2000 cr on R&D for avionics
The HAL will also showcase its rich legacy in the design, development and production of a diverse range of avionics systems at Avionics Expo 2023 in Delhi on December 7 and 8.Read more