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Embraer SA explores partnership with Indian firms for Defence Transport Aircraft Manufacturing
The firm anticipates announcing its chosen partner by December. He further mentioned that the potential partnership could extend to the production of commercial aircraft.Read more
Mahindra Logistics, Flipkart collaborate for enhanced e-commerce efficiency
Mahindra Logistics, one of India's largest integrated third-party logistics service providers, will primarily facilitate Flipkart's e-commerce parcel movement.Read more
India's Q1 FY24 GDP growth hits 7.8% despite challenges ahead
According to data released by the National Statistical Office, the services sector was the driving force behind the growth in this quarter. As a result, the economy is now 13.8% larger than it was in the pre-pandemic first quarter of FY20, in real terms.Read more
Coal India achieves impressive 13.2% output surge in August 2023
From April to August 2023, the total coal off-take had increased by 8%, reaching 305.5 MT, in comparison to the 283.1 MT in the corresponding period of the previous year.Read more
Govt extends Automotive PLI Scheme, aims for accelerated implementation
While delivering the keynote address at the review meeting, Mahendra Nath Pandey, Union Heavy Industries Minister urged the industry to provide feedback and engage in collaborative efforts to shape the policies, procedures, and overall effectiveness of the PLI scheme.Read more
Modulus Alternatives commits Rs 1.5 bn to Shivam Autotech in debut private credit fund investment
The investment is set to originate from the resources under the management of Modulus Alternatives, which includes their second fund, the India Credit Opportunities Fund II.Read more
India's First RC Track Bed for Mumbai-Ahmedabad High-Speed Rail takes shape
The design is inspired by Japanese Shinkansen system and the advanced track system consists of pre-cast track slabs onto which fastening mechanisms and rails are affixed.Read more
Landmark GE-HAL deal ushers in New Era in India-US tech ties
For India, this pact holds the potential to bridge the divide between domestic manufacturers and global standards, enhancing both defence deterrence and offensive capabilities.Read more
UK consortium launches I-Break Project for aerospace innovation
Under the aegis of the Aerospace Technology Institute (ATI) Programme, I-Break receives funding as part of a broader United Kingdom government initiative, with £218 million earmarked for pioneering research and development endeavours in the aerospace sector.Read more
TPREL and SSMI partner for 28.12 MW green energy plant in Maharashtra
This project, slated for commissioning by March 2024, is in line with SSMI's climate change strategy, aiming to diminish reliance on fossil fuels and promote the production of eco-friendly steel.Read more