News: At IIT Kharagpur, a group of students is working on technology that may help power micro-aerial vehicles (MAVs) or mini-drones for Boeing. These are deployed in hazardous environments not accessible to ground vehicles and often used for aerial photography. Global and Indian aerospace firms are increasingly seeking out technical ...
Read More »Government to instill additional Rs 800 crore into Air India
News: Air India, which is grappling with tremendous financial stress, was allocated Rs 2,500 crore in the Union Budget 2015-16 and weas short of nearly Rs 4,300 crore sought by the Ministry for the national carrier. The Finance Ministry sought Parliament’s nod for making an additional equity infusion into Air ...
Read More »Motorola mulls manufacturing facility in India
News: Manufacturing in India now is cheaper by 11 per cent compared to imports, considering incentives for local manufacturing offered by the government. While Japan’s Sony and China’s Xiaomi are evaluating options to source from India, Foxconn is in the process of setting up factories in the country. “India is ...
Read More »IAF in the process of inducting more aircrafts
News: Augmenting its operational strength, the IAF is in the process of inducting additional Su-30 MKI aircraft manufactured under licence by HAL and Light Combat Aircraft, which is manufactured indigenously by HAL. India has informed France that it would like to acquire 36 Rafale jets in fly-away condition as quickly as possible in view ...
Read More »DIPP to rank states on ‘ease of doing business
News: The Centre will soon come out with a list of states ranked on the basis of ease of doing business. Department of Industrial Policy has received responses from all the state governments and a study is currently on to evaluate and rank the business-friendliness of the states. Regarding acquisition ...
Read More »Corrupt practices: Louis Berger’s airport assignments under government’s scanner
News: News Jersey based Louis Berger announced self-reported findings of misconduct in Vietnam, Kuwait, Indonesia and India. The findings entailed various instances of misconduct between between 1998 and 2010 totalling $3.9 million. In India, it is said to have paid bribes to be appointed as consultants for water projects in ...
Read More »Bosch plans to invest Rs 400 crores in Chennai facility
News: Home appliance major Bosch, is planning to spend Rs. 400 crores in its Chennai facility, which currently manufactures washing machines. Currently, front-loading washing machines are manufactured at the facility and it has a capacity to produce over 300,000 units a year, so the plan is to utilise the entire plant to ...
Read More »Modi launches National Career Service Portal
News: National Career Counselling Portal aims to create marketplace for workers and employers and as part of an endeavor to modernize all government-run employment exchanges across India. The facility, which is part of the government’s focus on skilling have the facilities like job posting, career counselling, aptitude tests, skill courses, ...
Read More »Iran Nuclear Deal and India – Economic Opportunities and Threats
News: July 14, after marathon negotiations, the world finally welcomed the nuclear deal between the Islamic Republic of Iran and the six world powers. The Joint Comprehensive Plan of Action is set to tear down the walls of almost a decade old sanctions on Iran, in a graded manner. Although ...
Read More »Foreign contractors to build a super carrier for India
News: The Indian Navy has reportedly sent requests for proposals to four potential foreign contractors to assist it in constructing a state-of-the-art aircraft carrier. Contractors from Russia, the United States, France and Britain may take part in designing India’s new 65,000 metric ton aircraft carrier. The new carrier, which is ...
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