Israel said on Thursday that it will pay 4.1 billion shekels ($1.18 billion) to the winning bidders Adani Ports (APSE.NS) of India and local chemicals and logistics business Gadot for Haifa Port, a significant commercial hub on the Mediterranean coast. According to a business official, Adani will have a 70% controlling ownership and Gadot the
After achieving widespread 5G coverage, Reliance Jio would likely sell its 5G smartphone between Rs 8,000 and Rs 12,000 in an effort to appeal to the general market of 4G smartphone customers, according to a research by Counterpoint Research. In order to bring “hundreds of millions of 2G feature phone customers to its 4G network,”
Amara Raja Batteries Limited (ARBL) on Monday announced a scheme of arrangement that involves demerger of plastics component for battery business from Mangal Industries Ltd (MIL) and merge the division into ARBL. This is in keeping with the theme of consolidating and unlocking synergies as the company continues to pursue value accretive growth opportunities that
In order to jointly produce high-power, high-voltage turbogenerators, Honeywell and Hindustan Aeronautics Limited (HAL), India’s leading aerospace firm and a Navaratna military public sector organisation, have signed a memorandum of understanding (MoU). “This MoU builds on a four-decade-long cooperation with the country’s pioneer in aeronautics and is an endorsement of our Make in India ambition,”
Purchase Orders (PO) totaling Rs. 202.60 crore have been received by HFCL and its material subsidiary, HTL. These POs include orders for optical fibre cables (OFC) worth Rs. 167.60 crore from Reliance Retail and Rs. 35 crore from an overseas customer for a variety of types of OFC and accessories related thereto. By March 2023,
According to Bharti Airtel, it is now introducing Xsafe, an end-to-end home monitoring system that is simple to use. In order to link clients to their houses even when they are far away, this will contain a variety of Wi-Fi based cameras. 40 cities, including Mumbai, Delhi-NCR, Bangalore, Chennai, and Kolkata, will have access to
Samvardhana Motherson Automotive Systems Group BV (SMRPBV), a significant supplier of automotive components, said that it is buying the whole company of Ichikoh Industries, a subsidiary of Valeo SE, for 5.2 billion Japanese Yen (JPY). According to a statement from the business, the acquisition will be made through its Vision systems division and will be
The business said that its factory in Raigad, Maharashtra’s Mahad Industrial Area, MIDC, had been closed for 21 days, from August 21 to September 10, 2022, in order to carry out and perform the scheduled maintenance tasks. The maintenance work is now finished, and the plants have begun operating in a staggered fashion. The manufacturer
On September 27, 2022, Smt. Droupadi Murmu, the President of India, will officially open HAL’s cutting-edge Integrated Cryogenic Engine Manufacturing Facility (ICMF) in Bengaluru. The building will house all of ISRO’s rocket engine manufacturing needs under one roof. The factory will increase domestic production of high-thrust rocket engines. For the purpose of producing cryogenic (CE20)
Jaguar Land Rover in the United Kingdom has chosen Alicon Castalloy Ltd. (Alicon) to provide the eAxle Housing, a crucial component of its eMobility platform. An integrated eMotor and Transmission Housing is this part. The order victory is the greatest order win ever from a single client for a single product in the history of
